/biz/ - Business & Finance

>>17264002
I dont think anyone did

>>17264016
This

>>17264002
Do we have any shorters in the building?

>Who sold?
*ahem* NEVER FUCKING SELLING

>>17264002
Sold and rebought at the same price on the way up like a retard. Still comfy

It's accelerating
wtf

>>17264002
i have a gut of steel at this point and im so thankful

>>17264057
thats a taxable event anon

>>17264029
ehm according to the charts lots of people sold brainlets

Bought the dip with PNK gains 8)

>>17264069
THIS IS THE GOLDEN ONE PUMP IT

what a recovery, goddamn

>>17264057
haha you ruined your chance at getting taxed 20% now you have to pay 35%

I'm never selling because I don't want to rope myself when it hits $1000, which now a when, not an if.

oh man watching the futile resistance at 4.54 lmfao. Some of the bots are still treating it as the ATH lol.

I converted to usdc with fees and market it ends up being at $4.20

So the question is: do I think it will be below $4 on the Tuesday chat. Of it dumps then I make 70,000 link. If I am wrong and Tuesday pumps then I will buy back and lose 10,000 link.

>>17264080
not if you're UK :^)

THEY MAY KNOCK US DOWN BUT WE WILL ALWAYS GET BACK UP!

>>17264122
How long do you have to hold to get taxed at 20%?

>>17264128
It's going to be $8 on Tuesday

>>17264128
Goodbye swing linker, we will not mourn for you, we hardly knew ye

5% bounce in an hour, before the tentative handle formed on btc. If you are still trying to swing trade link, youre retarded.

>>17264002
THE FOMO IS FUCKING KILLING ME I MISSED THE DIP

So this confirms that the dump was only cause bitcoin shit the bed. Chainlink’s price immediately corrected.

any rope companies i should invest in? want to make money off of the swingers

>>17264171
If it goes to $8 on Tuesday I will have bought in at a loss at $4.60 but I will swing that peak.

I dumped my stack at $4.11 thinking it would go down to $3.8, then fomoed back in at $4.34 lost a decent amount of link

>>17264135
you're wrong, it is a taxable event in the uk

>>17264174
I have no regrets. I will still be a link marine.

>>17264039
i shorted, made 3 million easy

I’ve been here for some years and bought a minuscule amount of link at .18 cents because of the memes.

After reading more into it and what not, I realized there’s no gucking reason for the token to be there, especially with a magic 1billion number in circulation with the majority of the token being held by the team, and it still is.

That said, I’m really happy for you linkies. I never bought more and never will, but the sheer strength that you all apply to this meme token makes it go so fucking hard in the market, it is truly amazing. I hope many of you who were there when the time was darkest at sub 50 cents make it out of this with a good little bag. No matter how shit I think the fundamentals are, there is no denying the hype train that this is generating.
My only advice would be to close your positions probably within a year-two or so time?

Good luck linkies, this is your time.

t.no-linker

ITS A DOUBLE TOP... fucking obvious. link pumps and dumps after everything else

I did. I lost 14 links swinging. I’ve learned my lesson. Once you have link never sell.

>>17264002
Sold the top, bought the dip. Easy $2000 in 2 hours. Can't believe people are working for money.

>>17264157
If you live in US, holding one year or longer incurres a 15% tax rate.
This alone makes swing trading not worth it, not even accounting for risk of losing your assets

>>17264236
Also it’s alot of bs, cause coinbase says there is no fees when converting crypto, yet when you do like 5% of your stack disappear out of thin air

>>17264236
This is the wrong way to swing. You need to ask yourself: do you think it will EVER go below 4.11, even during a correction, will it EVER again go below 4.11. If you feel confident in that assessment then you need to have the guts to stick to it. Or you bleed with fomo. The caveat was the google/coinbase double pump. I sold at 1.4 then it dipped and then the announcement happened and I had to buy at 1.65 because this was a real organic pump. It then proceeded to 4.5 and that was correct.

Don't fomo without news. If staking is announced on Tuesday then I will fomo hard at a loss of 10,000 link. If not, then the question is: will it dump/correct below 4.20 ever? I think it will, but even if wrong, I will have no regrets :)

>>17264287
context retard. it dumped because of btc not because of resistance. the fact that it recovered its price so quickly is extremely bullish

>>17264236
Yikes, you dont remember the main net era?

>>17264333
I believ this also. BTC drove it down and it is bullish for it to recover, but given the BTC dominance and the fact that the community has some weird voodoo about 10k, there might be a slow alt coin bleed, but Tuesday will be the real test.

>>17264333

This, I’m amazed at how fast it recovered. I’m not swinging but this whole pump I’ve been expected a retracement. Thought this was gonna be it for sure. Today everything else is red and link is green and fucking going for it. Unreal.

How much of this pump do you think is due to the upcoming talk on Tuesday?

>>17264002
We're fuckin back

>>17264331
I was stupid and didn’t think. It dropped like 5cents everytime i updated the page and thought i could get some extra link easy by swinging. I’m atleast happy fomoing actually paid of, kinda

Never gonna swing again

>>17264284
>I realized there’s no gucking reason for the token to be there
It’s (CURRENT YEAR) and people still don’t realize the valuation of a utility token needs to be tied to said utility it provides to the network and any following speculation of aforementioned utility.
Imagine payments on the network being hindered by another platforms woes...
We’re you fags even around for ETH hard fork and the creation of ETC? Uuh... hello???? Idiot.

>>17264157
>>17264319
yup. I did my taxes and have held through all of 2019. This year i dont have to do shit with taxes and when i am ready to cash out it will only be 10 to 15 percent of my gains. you fucked up anon

>>17264002
link holders dont sell retard. do you even know what staking is?

>>17264002
0.001% of my stack at $4.48
pls forgiv

>>17264319
When you swing you don't cash out to FIAT, you just swing into a more stable crypto.
Theres literally no possible way to track how many times you have converted from one into another

>>17265488
Its a taxable event no matter if you sell for crypto/fiat and yes there is a record, the exchanges will keep one. If you don’t have that record the IRS will assume a 0 cost basis, so goodluck with that.

>>17264002
>>17264029
>>17264016
>>17264057
>>17264074
>>17264194

sold at 4.61, bought back in at 4.14. look at /swing/ general for proof

>>17264002
>sold at 4.56
I’m good thanks

>>17265576
>Noooo swingie linkies only lose noooo you’re supposed to hodl like me and not put in any effort in your investing beyond the memes you bought into 2yrs agooo!!!!

>>17265549
years from now when you're transferring around serious money you're going to get audited. it's smart to start disclosing some trades and create a trail. you know? you're not going to just magically acquire millions of dollars worth of crypto and convince them you never traded along the way. if you never reported any trades they're going to bend you over.

>>17264002
NOT DECOUPLED

This will come crashing down in 4 hours. You have been warned

>>17265680
I’m just conflicted on whether to take the risk of shorting it now for some potentially huge gains or not. Never know when some retards will inadvertently pump it by fomoing in

>>17265774
short and print please

>>17264102
Yeah nah that’s not a thing. PNK loses you mean.

>>17264002

it's fucking over for swingies. something like this happens and they think they have the upper hand, but in reality their numbers are thin and their conviction in being able to safely swing link is dwindling. they're beginning to panic, and rightfully so.

>>17264284
>I realized there’s no gucking reason for the token to be there
Well then you haven’t thought about the problem. The token has 2 reasons for being there,
1. To bootstrap the system and be able to incentivise initial oracle providers and get the system past the decentralised turning point
2. To create a community around the project
3. To make a Sybil attack against Chainlink significantly harder and more costly. If someone wants to attack Chainlink, they have to be willing to buy Chainlink, then attack the system in which time the price of the Chainlink tokens they bought will be significantly less. If the system used ETH then the attack is essentially free.

You might try and argue 1 and 2 are not real reasons because they are social, but social reasons for a token are just as valid as economic reasons.

>>17264239
No, you're wrong. The 'Bed and breakfast' rule states that if you sell and then buy back the same asset within 30 days, the base cost in the CGT calculation will be what he first sold it for rather than when he first bought it. Since he bought back in for about the same price as he sold it, the gain will be pretty much £nil so will be well below the £12,500 so nothing to declare.

>>17264331
This is good advice. You need to make an educated prediction and then make a plan of how you’re going to trade it. Then you need to STICK TO YOUR PLAN and leave emotions out of it

>>17264331
>If staking is announced on Tuesday
Wait what????!!!!