The Crypto Thread

Or saved you $500.

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3rd pole needs an ‘I wish’ button

As if Wichita’s story wasn’t enough, coinbasepro doesn’t even have the low fees anymore, and they gave a insulting ridiculous explanation for why they raised them.

Gemini or Kraken I think would be best now.

https://www.kraken.com/en-us/

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I always thought Kraken was a terrible name though. Like, what was left on boardroom table? “The Sleeper of R’lyeh’s Friendly Neighborhood Crypto Exchange”

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For now. Tax men will get their money. Eventually the US will compel these companies to provide tax info or cease doing business in the country

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I have no problem paying the tax i owed. The problem is I didn’t owe any.

Lets say I buy 50k in crypto
I immediately convert to USD in a sportsbook
I lose 40k and cash 10k out.

Do I owe tax? Obviously not. What I am complaining about is they wouldn’t give me my transaction history but they would tell they IRS I had bought more than 10k in crypto to save their own ass. It was literally part of the settlement. Now their fees are sky high and they legally operate. Again fuck them and don’t use them.

https://www.google.com/amp/s/www.investopedia.com/amp/news/bitcoin-tax-looms-irs-orders-coinbase-turn-over-user-data/

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Right, I wasnt talking about you specifically. I meant in general. If regulation comes from the US (and it will) it will be because the IRS wants their cut

This is a good point

…and if not, you would have probably sold most of it at $8, or $20, or $100,… which would have been a nice profit each time, and still much less than the theoretical millions you could have made.

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Likely but it’s more fun to pretend I’d cash about at 10k.

Coinbase receipts:

After that they never replied to anything again.

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Yeah, this is a better op than I was about to make. It was just gonna be Bogdanoff memes.

Lol.

And that’s just on binance.

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Those Bizonacci videos are amazing.

This is another one of my favorites, that came during the Binance scare in 2018 and the Binance CEO hastily tweeted out ‘funds are safu’

Also, holy shit you have a full-on alphabet soup going with all those alts!

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It actually is too many to keep track of. For example, this sucked hard:

First blue line is where I bought, catching the falling knife like a boss. Red line is where I sold. Second blue line is where I totally meant to, totally thought I placed a rebuy order.

Let’s see what happened with ol’ Alpha Finance Lab since then:

Yeah. I didn’t even notice I never placed my rebuy order until it had 6x’d.

they suck so fucking hard; the only thing they had going for them was their maker fees were 0.00%

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Giddyup, looks like I know where the Unstuck paypal balance is going.

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Also, can this be the thread where people talk about the completely insane crypto savings accounts that make no economic sense at all?

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https://twitter.com/elonmusk/status/1357241340313141249?s=19

https://twitter.com/elonmusk/status/1357241805411151873?s=19

https://twitter.com/elonmusk/status/1357244295091208193?s=19

https://twitter.com/elonmusk/status/1357236825589432322?s=19

https://twitter.com/elonmusk/status/1357229691824922633?s=19

https://twitter.com/elonmusk/status/1357231313376456708?s=19

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There’s a popular hebrew facebook page called “everything is stupid” (the actual word would be the equivalent of the “r-word”).

everything is indeed very very stupid.

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My contribution to this thread is that I can’t think of bitcoin without thinking of this video:

the dopey smile he gets for the “blptblptbltpblpt!” as bitcoin goes to the moon… it gets me every time

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