/biz/ - Business & Finance

[Anonymous No.3418492]

New to this cryptocurrency trading shit, kinda want to try it out. Got some questions for you nerds.

>How much money do I need to pour into this to get started? $20? $50? $100? $1000?
>Is this stuff basically the same thing as stock trading?
>How much research do I have to have on this stuff before I begin trading?
>Is buying/selling instantaneous? I don't want to buy something at low price and when I finally get it after the price jumps up I have to pay more for it.
>What causes currencies to fluctuate in price?
>Are there any fees to trading? I would assume they take a bit of your cash on withdrawals but idk if there's anything else.
>Do I have to put any of this stuff of my tax forms? Or is it separate and I don't have to include this in my paperwork.

Any help is appreciated.

[Anonymous No.3418507]

Pro-tip, nobody will answer your list of newfag questions.

Learn to Google.

[Anonymous No.3418540]

1. At least 0.1BTC aka 400dollarones
2. Not the same thing, you don't earn dividends (unless you bought PoS coins)
3. Lurk /biz/ but think twice before doing any move
4. Yes
5. Basically the people's hype and the whale dumps
6. Yes, but some fishy chink exchanges have 0 fees.
7. Yuropoor here and all this stuff here is fucking unregulated, but americucks have to pay their taxes kek

Post Scriptum: Buy BAT (Basic Attention Coins) for eazy gainz. Or just HODL BTC.

[Anonymous No.3418613]

>>3418540
>7. Yuropoor here and all this stuff here is fucking unregulated, but americucks have

I'm surprised the EU hasn't conjured up millions of regulations on crypto yet, don't we have like 900 regulations concerning or related to pillowcases?

I can't believe amerisharts must declare their cryptogains and we don't