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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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8152442 No.8152442 [Reply] [Original]

You know what to do.

>> No.8152453

Open THE shorts

>> No.8152459

dump it

>> No.8152467

Obvious bear flag on the 15. Sell.

>> No.8152495

>>8152442
Entire stack LONG at x25

am i about to get just'd?

>> No.8152568

>>8152495
Yes. Don't trade here there is no obvious trend

>> No.8152594

>>8152442
Is it even worth day or swing trading in America if 40 percent gets taken away by uncle sam?

>> No.8152600

Just went 2x long, biztches

>> No.8152610
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8152610

>> No.8152620

>>8152442
What do you do if it doesn't move as expected while you're awake? Just a stop loss or some kind of combination of a stop loss and the sell targets?

>> No.8152664

>>8152610
WELCOME ON BOARD, BILLY

>> No.8152733

I like this guy.

>> No.8152764
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8152764

>>8152594
This is something I am wondering my self.

Is bitcoin getting taxed to the ass too?
I want in on meme coins but I have no idea what I am doing but the swings makes it look like I can be making thousand of dollars a month just by buying and selling on the daily, I been watching the tickers and I can almost predict when is thing to dip a couple of hundreds and when is going to rise a couple more.

How does it work?

Can I buy and sell crypto daily and how much of that goes to the government/ cryptojews?

>> No.8152774

>>8152442
I've been sitting around with a 11200 open order ALL DAY

>>8152600
I'm already 1.5x leveraged, trying to increase my position

>> No.8152788

>>8152764
you have to keep track of your cost basis and your sales crypto-to-crypto and crypto-to-fiat

your capital gains are calculated as the difference between your sale price and cost basis

your cost basis can be tracked LIFO or FIFO or average

if you have a lot of coins and some of them are getting close to a year old, it's beneficial to use FIFO cost basis to make your capital gains long term so you pay a lower rate

>> No.8152850

>>8152774
my order got filled, better entry point :^)

exiting at 11280

>> No.8153154

So many long fags in this thread getting rekt. I love it

>> No.8153180

AAAAAAAAAAAAAA

>> No.8153216

GET FUCKED

>> No.8153244

seeing tripfags get rekt is always fun

>> No.8153294

>>8152764
>Can I buy and sell crypto daily and how much of that goes to the government/ cryptojews?

Buy Monero in person or mine it.

Send to non-US exchanges (like Binance).

Trade. Get rich.

Move away from Burgerland, or just cash it out in small amounts as needed.

>> No.8153320

>>8152495
How is it going?

>> No.8154088

>>8152610
WELCOME ON BOARD, BILLY

>> No.8154115
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8154115

>>8152442
>risking everything for 1% gains

just why do people do this?

>> No.8154121

>>8152594
>is it worth making money vs staying poor?

I have trouble understanding this line of thought. Are you implying that the risk reward ratio being off-balanced means you could make money more easily somewhere else? Because u can’t, u work 5 times as hard and still get taxed on your income...

>> No.8154135

>>8152594
Also where the fuck are you getting 40%, yes in the long run we get taxed for over 95% of our wealth when u combine all the taxes it takes to get to any one end transaction. But on paper they are just charging u the standard income tax rate which changes with each bracket, starting at like 15% and climbing to near 35%

>> No.8154136

>>8154115
>1% gains
huh?

>> No.8154137

WELCOME ON BOARD BILLY!!!

>> No.8154142

>>8154115
its leveraged you mong

>> No.8154143

>>8154115
Stay poor

>> No.8154150

>>8152610
WELCOME ON BOARD, BILLY

>> No.8154173

>>8154142
>>8154136
Even if it wasn’t leveraged, 1-2% gains per trade is FUCKING AMAZING.

I’m up 10k% since I started feb 1, and I’m just making 1-2% over and over again every day. Legacy market shitlords grind weeks for 1%

>> No.8154213

>>8154142
>leveraged

yeah, so basically online gambling.

>> No.8154290

>>8154213
well so is any trading
just even more risks/rewards

>> No.8154321

I have a long position set with x25 leverage at 10.5k

>> No.8154349

>>8154213
If you are gambling on crypto, u are doing it wrong.

The only gambling involved should be the risk of your exchange being hacked or bitcoin getting government FUD mid trade, which is also why u set tight stop losses.

If u feel that u are gambling you are either trading too much or not trading the correct asset are the correct timing

>> No.8154373

>>8154321
U will just be another one of these posts>>8152495
>>8152600
>>8152774
>>8152850

That everybody looks back on in 2 hours and says OUCH

>> No.8154454
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8154454

>>8154213
>Leveraged trading
>online gambling
>hurrr durr
Fuck trading leveraged commodities or forex as well, I guess? Fucking poor people, man.

>> No.8154523

>>8154454
so what did all these people do wrong:
https://twitter.com/bitmexrekt

>> No.8154553

>>8154523
being retarded maybe
like me

>> No.8154585

>>8152610
WELCOME ON BOARD, BILLY

>> No.8154611

>>8154523
They are people who think like you and try to gamble.

>> No.8154732

>>8154611
i don't leverage though? how am i a gambler?

>> No.8154750

>>8154732
It’s about what u trade and when/why that makes it gambling, not the amount of leverage.

>> No.8155241

>>8154373
I'm at like 1.6x leverage, I'm basically not getting liquidated so I can wait

>> No.8155460

LMAO