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Crypto Currencies ~ " Duck Tales Spin From The Crypt"

Discussion in 'Stocks & Investments' started by Guerrilla, Oct 13, 2017.

Page 180 of 428
  1. Dec 29, 2017 at 10:11 AM
    #3581
    teamhypoxia

    #3581
    teamhypoxia MichelinMan

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    I had no idea. Cool. Sometimes it's better to be lucky than good :D
     
    teamhypoxia, Dec 29, 2017
    #3581
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  2. Dec 29, 2017 at 10:26 AM
    #3582
    username

    #3582
    username Fluffer

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    Yes. RIOT and INTC. They've made some decent gains, but it's long term and of course the taxes eat up a lot of profits through legit trades. Speaking of, who is actually claiming gains on taxes with Crypto? It's my understanding that gains are "actualized" when you convert from crypto to currency/goods, and I'm sure everyone knows any deposit north of $10K gets flagged by your bank. I haven't converted anything to USD yet, just curious how to do this thing semi legit.
     
    username, Dec 29, 2017
    #3582
    scottalot likes this.
  3. Dec 29, 2017 at 10:40 AM
    #3583
    ramonortiz55

    #3583
    ramonortiz55 Not A Well-Known Member

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    I will be claiming gains.
     
    ramonortiz55, Dec 29, 2017
    #3583
    username[QUOTED] and scottalot like this.
  4. Dec 29, 2017 at 10:45 AM
    #3584
    velillen

    #3584
    velillen Well-Known Member

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    Can i claim loses :)
     
    velillen, Dec 29, 2017
    #3584
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  5. Dec 29, 2017 at 10:47 AM
    #3585
    username

    #3585
    username Fluffer

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    Yes, you can. If you put in $1000 and withdraw $500 you can claim your loss. If it's still riding in crypto world you can't.
     
    username, Dec 29, 2017
    #3585
    scottalot likes this.
  6. Dec 29, 2017 at 10:52 AM
    #3586
    svana

    #3586
    svana Well-Known Member

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    Can you claim them once you withdraw the funds from your wallet? Technically I haven't earned the money yet because I haven't sold...granted I don't know how taxes work with your stocks either...
     
    svana, Dec 29, 2017
    #3586
    scottalot likes this.
  7. Dec 29, 2017 at 10:54 AM
    #3587
    ramonortiz55

    #3587
    ramonortiz55 Not A Well-Known Member

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    Yes, only after you completely cash out
     
    ramonortiz55, Dec 29, 2017
    #3587
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  8. Dec 29, 2017 at 10:56 AM
    #3588
    username

    #3588
    username Fluffer

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    Once you withdraw from your wallet and deposit in the bank, you claim your gains. It's kind of gray area, it's not like they send you a tax form. It's on you to report it, but one thing is for sure with Uncle Sugar...don't give him his cut at your own peril. Pro tip: wait until after new years to withdraw anything, as taxes go down next year.

    Edit: I read somewhere (maybe reddit) that the feds have been poking around in US based exchanges and probing anyone withdrawing $20K USD or more. I don't know that for a fact, just read it somewhere.
     
    username, Dec 29, 2017
    #3588
    scottalot likes this.
  9. Dec 29, 2017 at 10:59 AM
    #3589
    emelianenkov

    #3589
    emelianenkov Santa/Alex Emeliahoweveryouspellhislastname

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    Go XRP gooo
     
    emelianenkov, Dec 29, 2017
    #3589
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  10. Dec 29, 2017 at 11:00 AM
    #3590
    svana

    #3590
    svana Well-Known Member

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    Right - this was my sentiment. Granted I don't think I'll be cashing out till I make enough money for the fed to care lol.
     
    svana, Dec 29, 2017
    #3590
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  11. Dec 29, 2017 at 11:01 AM
    #3591
    DustStorm4x4

    #3591
    DustStorm4x4 BBC 2020

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    So.... there’s already 2 Reddit posts on r/cryptocurrencies where the OP is a millionaire thanks to Ripple.
     
    DustStorm4x4, Dec 29, 2017
    #3591
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  12. Dec 29, 2017 at 11:01 AM
    #3592
    svana

    #3592
    svana Well-Known Member

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    Is anybody still bobbing and weaving with XRP or is everybody pretty much just staying pat?
     
    svana, Dec 29, 2017
    #3592
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  13. Dec 29, 2017 at 11:01 AM
    #3593
    svana

    #3593
    svana Well-Known Member

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    Coulda, shoulda, woulda here...

    Then again...if someone got in at lets say $.05, to make them a millionaire they would've had to have jumped in with around $25k worth...that's alot of change to throw at a then-penny crypto...
     
    svana, Dec 29, 2017
    #3593
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  14. Dec 29, 2017 at 11:09 AM
    #3594
    cwhet10

    #3594
    cwhet10 IG: badassbrunette

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    That's a Gary Vaynerchuk move. He did it with Bitcoin. Invested $25K when it was $52 a coin.
     
    cwhet10, Dec 29, 2017
    #3594
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  15. Dec 29, 2017 at 11:11 AM
    #3595
    ramonortiz55

    #3595
    ramonortiz55 Not A Well-Known Member

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    ramonortiz55, Dec 29, 2017
    #3595
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  16. Dec 29, 2017 at 11:15 AM
    #3596
    svana

    #3596
    svana Well-Known Member

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    Think it's got enough oomph to hit BTC numbers in a few years?
     
    svana, Dec 29, 2017
    #3596
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  17. Dec 29, 2017 at 11:19 AM
    #3597
    velillen

    #3597
    velillen Well-Known Member

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    And then there is a poor guy who sold XRB at a massive loss. Was at ~0.00086. The person added an extra 0 selling at 0.0001. Meant to set a sell limit im sure. But he sold 7 BTC worth... Or a guy who did similar with another coin and lost like 5 ETH.
     
    velillen, Dec 29, 2017
    #3597
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  18. Dec 29, 2017 at 11:20 AM
    #3598
    ramonortiz55

    #3598
    ramonortiz55 Not A Well-Known Member

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    link? i need to see this
     
    ramonortiz55, Dec 29, 2017
    #3598
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  19. Dec 29, 2017 at 11:21 AM
    #3599
    velillen

    #3599
    velillen Well-Known Member

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    velillen, Dec 29, 2017
    #3599
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  20. Dec 29, 2017 at 11:32 AM
    #3600
    WhiskeyTaco

    #3600
    WhiskeyTaco Well-Known Member

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    Other one was BNTY, can be found in bounty subreddit. He put a Bounty through Bounty0x to retrieve his BNTY. lol
     
    WhiskeyTaco, Dec 29, 2017
    #3600
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