The Crypto Thread

My baseless tip is to watch if we get that US morning profit taking like always or whether sleepy heads start loading up in an hour or two.

Psssssh US morning people chase trends, they’re gonna wake up and load up.

NOT FINANCIAL ADVICE

Timex’s buy advice was very reasonable so I’m glad I saved Alex’s crazy shit for last.

https://twitter.com/SBF_Alameda/status/1347964322459262977

https://twitter.com/AWice/status/1347968941100912640

https://twitter.com/AWice/status/1347970262587740160

oh alex

ooh tell me more

he was super overleveraged and long?

https://twitter.com/AWice/status/1396337220441628675

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That’s more like it.

It depends how important you think 0.0003% of the world’s economy adopting BTC is. ^_^

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Just gonna ask for what it is: Does anyone have an opinion on the El Salvador news? I can see that being really good, or really not good-crazy.

No, it means all the people who think Bitcoin or Ethereum are the only conceivable cryptocurrencies and everything else will be worth zero in the future, are saying buy. Everybody else is still short-term bearish not-buy, but also not-sell.

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https://twitter.com/AWice/status/1394932663555821568

I see some posts on Reddit like oh the #5 BTC holder bought 3k more. Is this relevant at all?

Now selling subs for my newsletter

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lol you all are so boring sometimes

What are you trying to tell us with this graph?

as much as you want, taxes only accrued when you sell or convert the crypto you bought to some other crypto / exchange for goods/services/etc (i am not an accountant so ymmv)

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https://twitter.com/nikkimcr/status/1402798677496827904?s=21

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A2. Virtual currency is treated as property and general tax principles applicable to property transactions apply to transactions using virtual currency. For more information on the tax treatment of virtual currency, see Notice 2014-21. For more information on the tax treatment of property transactions, see Publication 544, Sales and Other Dispositions of Assets.

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Invest in butcoin at the moment when everyone else gets rect and begins to talk about how someone should go jail for this scam. Then you get rich.

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