/biz/ - Business & Finance

[Anonymous No.21579917]

>smartcon next week
>oracle integration very soon
>staking soon
>price is crashing

It's painfully obvious that the whales are shaking out the weak hands before the actual moon mission and you retards are falling for it.
>buy high sell low
Never fucking change, biz.

[Anonymous No.21579966]

to the moon

[Anonymous No.21579986]

>>21579917
painfully

[Anonymous No.21580081]

>>21579917
the fuck is a smartcon?? fuck u scamming nerds im dumping this coin

[Anonymous No.21580147]

>>21579917
I have held through worse. Truth is I can’t swing. My stack is too big and the taxes I’d have to pay would negate any potential gains unless we go to like $11 or lower. Could happen but fuck it. $1000 or $0 I’m at least waiting until staking to sell even a single LINK.

[Anonymous No.21580229]

they're not even giving it time to recover a little. it's truly over and /biz/ can finally get rid of these annoying LINK faggots. it was about time. praise vitalik.

[Anonymous No.21580232]

>>21580147
This, can’t sell

[Anonymous No.21580254]

so uh google my ID, and then google the martin weinreich book 1595 you see after wtf

[Anonymous No.21580297]

>>21579917
>It's painfully obvious that the whales are shaking out the weak hands before the actual moon mission and you retards are falling for it.

[Anonymous No.21580304]

>>21580229
>praise pedo and his non-scaleable commie network
cringe

[Anonymous No.21580314]

De ortu monstrorum commentarius: in quo essentia ...books.google.com books
... 7.,' U yon/fee »neff- (oueeFx eff f (one-Nm (fe-:NM em'ea babe-ee uff-m. ef* 1'. ... (exe-fm. reffe coun'nxiW NUN-,ita e710!m We m gnfex. eff ä (F que-x0- ex bi- ...
Martin Weinrich - 1595

[Anonymous No.21580335]

MARINES HOLD THE LINE

[Anonymous No.21580385]

>>21579917
How many link will you need to stake?
>t. Linklet

[Anonymous No.21580400]

i need to stop smoking and staying up late, giving myself the chills
>>21579966
digits trippy too

[Anonymous No.21580421]

>>21579917
>>21580297
>tfw you know a carrington even is coming and laugh at these people buying virtual ponzies instead of heirloom seeds

[Anonymous No.21580445]

>>21580385
any you have
>>21580229
>link/eth
yikes

[Anonymous No.21580446]

>>21580081
Link ALWAYS dumps after a con
I mean conference

[Anonymous No.21580493]

where's 42 at, this is a paranormal thread

[Anonymous No.21580548]

Volume is increasing but the price is decreasing.

[Anonymous No.21580600]

>>21580147
>>21580232
same boat frens. I was close to selling like 20% to buy a house. Was hoping for $22-24, guess i'll have to wait a bit longer.
But, if we are cashing out big amounts like 1m+ I don't want to have a ton of recent trade history.

[Anonymous No.21580609]

>>21580147
True. The 15k to 60k stacklets are trapped in this scenario.

[Anonymous No.21580705]

>>21579917
>smart con

[Anonymous No.21580725]

>>21580147
fucking eh, even a linklet like me doesnt wanna swing 3k link out of tax liabiliy. gonna wait for that sweet staking taxed at 15%

[Anonymous No.21580770]

>>21580548
>Volume is increasing

[Anonymous No.21580804]

>staking soon
It's been THREE YEARS

[Anonymous No.21580805]

if u are selling u better cash out, swinging is without any reserve cash will be painful and hope u cash out.

[Anonymous No.21580843]

>>21580385
None, it's not about how much you have, it's who is WILLING TO TAKE YOUR LINK.

[Anonymous No.21580976]

>>21580770
If you look at the chart, high volume coincides with price highs. Now high volume exists with a price low. The broken pattern warrants further research.

[Anonymous No.21581127]

>>21580976
Who cares bro? It's literally just weak shrimps selling at the absolute bottom.

[Anonymous No.21581137]

>>21580976
High volume with decreasing price means a lot of people are selling.

[Anonymous No.21581217]

>>21581137
Somebody must be buying at the other end.

[Anonymous No.21581263]

>>21580805
I swapped Link for Bitcoin close to the height. I'm going to buy back in , but Bitcoin is also losing value.

[Anonymous No.21581270]

>>21581217
True, best time to buy assets are when blood is on the streets...although a 20-30% retrace was expected and healthy.

[Anonymous No.21581346]

>>21581263
if u are trading a small amounts then u probably would have no problem, im talking about whale size who are currently wagies or leeches with no cash reserve to pay to their taxes.

[Anonymous No.21581353]

>>21580147
this, can't activate the "oh shit" protections I have in place until like $10, frustrating

[Anonymous No.21581354]

>>21581217
It's me, I had a shitload of orders filled at 15, fucking good shit. Wait till next week.

[Anonymous No.21581441]

>Cashing out
>Paying taxes
ngmi

[Anonymous No.21581549]

>>21580147
I never understand this. If you bought within the past year and sold at $20 and bought back at $15, that’s like 30% (assuming you bought at $3 avg). Is that not worth the extra taxes? Especially if you kept making gainz on that this year if it goes up again (before paying taxes)

I know you can’t predict but it doesn’t have to drop to $1

[Anonymous No.21581706]

>>21581549
sell initial stack pay 20% long term cap gains(+obama care tax + state tax)

buy back in. now i'm working with ridiculous short term capital gains. same obama tax, state tax & new risk.

na

[Anonymous No.21581765]

>>21580147
What happens when you swing let’s say, 1k link, here and there. You lose some you make some? I’m aware crypto to crypto is taxable but what am I getting taxed on if I still hold whatever it is I made or lost for over a year?

[Anonymous No.21581806]

>>21581346
>im talking about whale size
nah bro, even linklets are starting to feel that pressure. I swing trade like 100 link of my 3k stack i got at 50 cents so my short term gains keeps expiring and paying $20k+ off what was $60k just the other day doesn't seem worth it.

[Anonymous No.21581856]

>>21581706
Ah ok I have no state tax. Price has gone down more than 20% in past 24 hrs so would have been worth it for me

[Anonymous No.21581879]

>>21581765
you get taxed for your net gains/losses. I was able to report -18k losses from shitcoin roulette in 2018

[Anonymous No.21581941]

>>21581549
Not that guy but timing the swings is also something I don't trust myself to do very well. So while you do get a dip from $20 to $15 for example, that's only if you time your selling and buying perfectly.

When you then account for the fact that every time you swing you risk the price shooting up and forcing you to buy back in at a higher price or wait for an even bigger dump, and the fact that even if you do time it right you're rewarded with taxes on tokens which you presumably have not and do not want to cash out yet, it's not that interesting.

It also means you have to watch the price movements like a hawk and that gets tiresome.

Of course, you can make money doing it, and people do so.

[Anonymous No.21581977]

>>21581941
>It also means you have to watch the price movements like a hawk and that gets tiresome.
this i watch charts like 20x a day and only caught the tailend of that 500k link dump as i was leaving work

[Anonymous No.21581979]

>>21581765
See below
>>21581879
>was able to report -18k losses from shitcoin roulette in 2018

No, you didn't.

US maximum for loss write offs is $3k per year.

[Anonymous No.21581981]

I sold at $15.06. Why is this bullshit back up to $15.60?

[Anonymous No.21582010]

>>21579917
I raised my rank from the 3900 wallet to 3750 without adding a single link. Press f for those 150 marines who succumbed to the current psyop.

[Anonymous No.21582026]

>>21581979
>No, you didn't.
yes i did. you can only claim 3k per year that it carries over for the next few years at 3k a year. HOWEVER, if i make 18k+ profits for that next year you can write it completely off.

[Anonymous No.21582035]

>>21581765
You get taxed on the net gains/loss.

The reason people in 2017 got screwed was they did trades (didn’t hold) and therefore owed large taxes on their gains for that year, but oops, they couldn’t pay them Bc they lost all their money before 2018 tax season.

This only happens if you sell, buy back in, and then lose it all (and then *dont* sell prior to Dec 31). So if you lose between now and EOY, make sure you sell again so you can realize those losses to offset your gains and avoid those short term trading taxes)

[Anonymous No.21582043]

>>21581981
we were waiting for you to sell. when you buy back in, we will dump it.

>thinks im joking

[Anonymous No.21582078]

>>21581981
Welcome to my world. It'll go back down again. I'm sure. Like really really sure. sigh

[Anonymous No.21582172]

>>21582035
But if I just wait, let’s say, 12 months from the last purchase or ... swing trade, don’t I just. Have to pay capital gains tax? Sorry all this tax shit and trading hurts my brain

[Anonymous No.21582209]

>>21579917
>He's in it for the technology
Oh no no nonononono

[Anonymous No.21582219]

>>21581941
I had 2k LINKS Max and lost 1/3 of that, which I have gotten back and lost several times.

I’m not in a tax bracket to worry about it that much, but yeah for those with larger stacks I see it’s better to try to hold a year if you believe long term and then sell on a day you think it’s overvalued then (surely a lot of these whales cashing out are doing this to avoid that tax)

[Anonymous No.21582250]

>>21582209
I'm in it for the memes.

Though that's why I'm a 2k stacklet I guess.

[Anonymous No.21582271]

>>21582043
Who the fuck are you

[Anonymous No.21582423]

>>21579966
checked based lunar god

[Anonymous No.21582562]

>>21582172
Lower tax rate for selling after 1 year.

The higher your tax bracket, the bigger incentive you have to wait 1 year and avoid paying the taxes you would on normally earned income. But if you make almost nothing, maybe you don’t care.

I’ve never made enough money on crypto for it to matter, but some commenters here have $1M in assets. Think it they sold they’d have to pay, idk like 350k taxes on that, compared to just 150k if they wait a year. That’s a whole 200k. If you knew 100%, sure you could buy 20% cheaper but that’s a lot of pressure for no guarantee you won’t fuck it up or misread so that’s why many choose to hold through that when they have big boy money.

For us in the $10,000s or less, it’s not as life or death, especially if we’re not in the top tax bracket (my marginal rate is like 25 or 30 so I only have to win 10-15% for it to be worth it)

[Anonymous No.21582659]

>>21581217
yeah...its me. taking all of your linkies at a discount.

[Anonymous No.21583232]

>>21582172
Jesus fucking christ. Get a second wallet and use a difderent account to trade your swing stack. Kept seperate and with half a brain you can easily have a +1 year old stack and also a swingstack on the low.

[Anonymous No.21583395]

>>21580609
>>21580147
Totally agree, I haven’t sold a single link from my 30k stack mainly cause of the tax burden it will cause that I don’t intend to pay right now

[Anonymous No.21583522]

>>21583395
I don't want to sell anything until there are clear, simple tax laws in place for crypto
I know that as soon as I pay the taxes/file correctly, I will get a no-knock raid at 4:00am, money-laundering charges for all involved

tl;dr swinging isn't worth the trouble whatsoever

[Anonymous No.21583525]

>>21583232
>just use a different account
Lol not sure Uncle Sam sees it like you do

[Anonymous No.21583535]

>>21583395
I figured that's the reason you yank fucks came up with the never sell meme

not selling either though

t. 21k link eurofag

[Anonymous No.21583633]

>>21580081
it's right in the name.
it's a smart trick to con retards.

[Anonymous No.21584024]

>>21583535
Kek never selling is less to do with taxes and more to do with staking. Even when I decide to actually sell some sometime probably next year, I only plan to sell 20k link and keep 10k link for staking passive gains for probably life. The 20k link cash out would just serve as the cushion and realized profits for living my life and being exactly where I want to be
>>21583522
Yeah exactly. It’s not about wanting to pay the tax, it’s about having to declare it already before rules become more clear. Even if it’s just straight up capital gains tax, trying to swing this would potentially cost me an extra 20% in taxes if ChainLink / crypto decides to peak less than a year from now, a risk I’m not willing to take

[Anonymous No.21584454]

>>21583232
Whoa easy killer that’s exactly what I do. I don’t swing my whole stack I said 1k. Just trying to clarify everything