So is crypto fucked?

@Jacob for the near term... My absolute guess is yes. Though I heard there are some Bitcoin ETFs coming out, which may help a little. Kinda like how Bitcoin Futures basically built up the last bubble.

@here is everyone using FIFO for their taxes on cryptocurrency gains/losses?

I still have to figure that out.

I put money in but I didn’t really take any out

I don't know much about bitcoin and cryptocurencies, but I do know that if you are going to use them to make the down payment on a house, when taking out a mortgage, then you need to wait a few months for your money to season after you converted your BTC into USD and deposited into a bank account, otherwise your lender might not approve the redeemed BTC as a qualifying asset.

what the... https://www.newsbtc.com/2018/04/08/soros-rothschild-big-institutional-investors-entering-bitcoin-market/

What are the Jews up to now

This means we should buy, right?

@Jacob all other things equal, I guess so

@ThisIsChris Use whatever is most favorable. LIFO can be good.

lol no way I'm actually paying taxes on crypto

@Jacob how did you buy them?

Originally Coinbase, then Binance

They're definitely going to know about the coinbase stuff, maybe not the binance stuff. But coinbase will have a record of you purchasing the bitcoin and sending it somewhere.

🤔

@NuclearReactionary that's interesting. Cryptocurrencies were literally the only market open for traders who wanted to react to the Syria bombing.

I cannot tell if you are being serious @ThisIsChris

I simply don’t know enough about this stuff

BCH up 20% in a week, I wasn’t done buying!

My holds doubled the past several days.

Pretty crazy

I'm still avoiding looking at prices

Wise, I should have listened to that advise. I made a few day trading mistakes I really shouldn't have made.

@TheVar - SC happens to most of us, best thing is to analyze carefully what you did wrong so you don't do it again in the future

@NuclearReactionary Yeah I am serious. When a major event happens a lot of people go to the markets to trade on the new information. They may trade stocks, oil, gold, currency, it all depends what happened. But just about every market in the world is closed from 5pm EDT Friday (When the US Futures Market closes) until 5pm EDT Sunday (When the Sydney Stock exchange opens). The only thing that is available to trade over the weekend is cryptocurrency (since it doesn't actually require any coordinated exchanges to be "open" so to speak).

Stop, I haven’t finished buying to my target coin count yet:

82% in a week!

damn

it about to crash or what? haha

Already did

I keep hearing that May will be a big month for BTC

I kept hearing that March would be a big month

Best not to get too excited about anything

yep

97% in one week, c’mon