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/biz/ - Business & Finance


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20440173 No.20440173 [Reply] [Original]

someone please give me a quick rundown on coins please
I want to make money, but all of you sound like schizos and year and year again you guys prove me wrong and ten-fold your money.

>> No.20440229

>>20440173
Coins = peepee
Money = poopoo
As you know, poopoo cannot be done without peepee.
Q.E.D.

>> No.20440451

>>20440229
I have money saved bro
I have 700 dollars

>> No.20440676

>>20440451
How does 0.7 LINK sound?

>> No.20440813

>>20440676
what's a link

>> No.20440837
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20440837

No worries fren, do this:
Make a Coinbase or Binance account.
Buy Chainlink.
Don't touch it for a long time.
LURK! Lurk this board 1-2x per week or more.

>> No.20440922

>>20440813
Something that is far inferior to the digital oil of the future, it will never be the BITCOIN OF CLOUD COMPUTING like RLC. Go all in on RLC anon, its the only way you can hope to make money with such a small amount of capital.

>> No.20440944

>>20440813
definitely going to make it

>> No.20440972

>>20440922
How do I buy RLC? It’s not on Coinbase or binance us

>> No.20440978

>>20440922
Here comes the pajeet army. Learn quickly OP. This is a brown person and there are many like him. You can tell by the smell. The nose knows.

>> No.20441022

>>20440837
Ok friend I'm going to dump my monthly savings on chain link, I hope you are right.

>> No.20441041

>>20440972
VPN

>> No.20441086

>>20440173
Die alone and afraid

>> No.20441135
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20441135

>>20441022
Ride the waves kid

>> No.20441144

>>20441041
Ah fuck. Can I VPN from phone?

>> No.20441508

>>20441135
dunno if you are here, but how complicated are the taxes on tokens? Can I just put money on coins and forget about it? or will the IRS rape me if I ever take the money out?

>> No.20442184
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20442184

>>20441508

do NOT pay your taxes

>> No.20442226

>>20440173
RSR is the big new one, LINK still good according to /biz/

>> No.20442326

>>20442184
but I dont want to go to jail, IRS will say I'm keeping my money to myself and fuck me up.

>> No.20442498
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20442498

>>20441508
>>20442326
Hold for 1 year.
Pay your taxes, it's not too bad. The capital gains is only around what... 30%?

If biden becomes president it will be upwards of 50%, its in his tax plan somewhere.

>> No.20442641

>>20442498
so if I put my spare money on chain (300 a month) I will have to pay 30/50% of what I gain?

>> No.20442946

>>20440972
Buy ETH on Coinbase
Open a wallet with MetaMask (download extension for your browser)
Send your ETH to your MetaMask wallet
Use https://app.uniswap.org/#/swap to swap ETH for RLC, you have to link your wallet here first.

Remember that wallets for crypto currency are just a hash code and you can access them with your 12 key words (or in case of coinbase with your account).

>> No.20443415

>>20440978
>The nose knows
Oyy sirs

>> No.20443614

>>20442641
You only pay taxes when you cash it in, trade it, etc.
Holding causes no tax event.

>> No.20443647

>>20442946
I think newbs should start with an exchange like Coinbase. They can graduate to MetaMask after they get familiar.

>> No.20443654

>>20443614
So I shouldn't report it until I'm ready to cash out and buy myself a yatch in case it jumps in price or a cardboard box in case it plummets?

>> No.20443765

>>20443654
Start Googling and reading up.
Sounds like you need to DYOR.

>> No.20444684

If you pay your taxes you are doing so to a rogue corporation known as your government which literally means mind control.

>> No.20444716

>>20440813
SELL
SELL
SELL
ABANDON THIS FUCKING SHIP RIGHT NAO

>> No.20444860

boys I am about to inherit £8k. I know fuck all about crypto and need a basic gestalt but I want to start investing, any tips for a beginner?

>> No.20444925

chainlink stands to be pretty solid.

I’d also go in on BNT and RSR if you have the patience to play the long game with them