My easy formula to Crypto profit - BITCOIN, etc

Today's Shiba Inu was a fun ride.

Very good formula! I've built tremendous wealth doing this over the last 7 years.

Suggest getting rid of XLM, XRP (dead chains, old tech) and replace with SOL and LUNA (next gen leading L1 tech)

No need to obfuscate to DAI for stablecoin, just use direct trading pairs for USDT/USDC (though don't hold USDT long term due to counterparty risk)

ETH good for at least 6 more months then might die if they can't compete with ETH2, not looking good for ETH right now.

Begin to move assets into defi on Solana and Terra to eliminate CEX/KYC.

Happy wealth building while the USD shitcoin takes it's final bow.

I use DAI bec the fee is less than USDT on many exchanges
Also, it doesn’t matter which coins you chose. This applies to all
I use XRP bec it still has popular gains even if it is under legal scrutiny. Not really trying to invest in these crypto currencies. Just pocketing profit off them. I feel the only one to “believe” in is still BTC bec even as there are so many, popular media just labels it all as “bitcoin”

Say you only got $1000 to screw around with.

What are the starter steps to even get going with Crypto's -- you gotta have a digital wallet of some sort?

What kind of fees are there to begin or when selling/buying?

The easiest thing I think would be to go to coinbase/pro. When it grows think of moving some for security. Be careful of larger fees when moving assets on the erc-20 chain. You don't have to worry about that between coinbase and the bank, though they will hit you with 1% type fees here and there.

What are you actually using to get the money out of coins and into USD?

Coinbase has a Visa card
Ultimately you can link to a bank and just use that small mom & pop bank to withdraw funds when transferred

Thanks for the pin to whomever did it!

It’s great accept TECHNICALLY transferring from one coin to another is a taxable event - taxed at 40% capital gains thanks to fucktard in chief and sooner or later they will start coming down on people for it and any profits you made doing that will quickly be eaten up in back taxes. Personally I am just holding long term and long term holdings are taxed at significantly less rates too when you do eventually cash them out (or trade for other coins).

honestly, in this case, i would say, pick any of the coins mentioned and go on youtube and search for, how to buy xyz coin.

But reddit community is really savvy on this and they got the latest tips on the "cheapest" way to get a coin.

When I got started, i was so clueless and funny enough, at the time i think it was the video of a 15 year old who got me setup, but then the comments were pointing out to reddit and yea, i found very detailed instructions there.

Every coin could be different that's why you have to research each one to see where is the best way to get it, what wallet to use. AGain, plenty of youtube videos on specific coins, and then you got reddit. Although bunch of libtards there, when it comes to coin, great place to read.

Anyone like Rubic?

Buy SHIB now watch it for the day
It’s being pumped pretty good
Not a long term by any means but I just made $500 in the past 24hours on this Dogecoin spinoff

Just throw in more than your gains at the end of the year and you will have a “loss” I guess
lol

That's the formula of a ponzi scheme.

I was fortunate enough to get into Bitcoin really early (late 2011). Not because I'm a techie or some financial whiz but because my brother from another mother was.

I still pinch myself at the money made just holding onto the bitcoins I had for those 9 years before I cashed out in 2020.

He's still doing his moves in crypto and is living pretty well in El Salvador with a bunch of crypto guys. I'd actually enjoy going and seeing him. He tells me all the time that Central America is amazing for crypto.

I'm in Monero and Pirate Chain. I'm not trying to day trade....I have no time between my little farm, my kids, restoring my vehicles, and running my little 15 man tree service.

However, I will take a second gander at this since your little rinse and repeat sounds fun.


Thanks.

do you stake any? Some coins 20% I think DOT is around 12%?

Don’t care what scheme it is
Just Pull some of your money out as needed or pull all your gains out
It’s a profit scheme to me

That’s true it works both ways. Haha. Start claiming our losses. Listen I sold BTC off at like a dollar so I should never have to pay taxes again for rest of my life

I'm staking Synthetix at Celsius at 14%, looking at taking those rewards in their PoS coin CEL which should put my APY around 17%.

Binance offers staking of their BNB coin at around 17% too.

I've heard people getting staking rewards upwards of 40% on platforms like Trust Wallet.

ok...super old crypto newbie here.

Shiba is way up...do I transfer gains into DAI now? Becuase it's way up there.

Forgive the idiocy. I'm not an idiot in other areas.

Any tax service should formulate your losses in automatically once you upload you documents I would think.

I'm going to.

It's one of the true shit coins out there IMO.

But that's just my personal take, ymmv.

It's all fun and games until a margin call. Been there done that.

SHIB is the unwanted runt of Dogecoin, an out of date copy of BTC.

I have nothing against meme coins(they're marketable in our silly ass new tech era), but true shit coins like SHIB...my thoughts are take the money when it's up and buy back in if it crashes hard. Shit coins are only good for pump and dumps.

Ground floor entry possible on a new coin with aspirations to be "quantum-proof" (hardened against hacking by quantum computers). It is set to release any day now: Titanium (TTM).

[link to www.titanium-blocks.org (secure)]

Available for IPO investment & trading now on SouthXchange:

[link to main.southxchange.com (secure)]

In the next month, it will be transitioning to the main TTM chain and anyone who ones TTUM on SouthXchange will get TTM at a 1:1 ratio.

The coin has a lot of potential and is valued at least 2 orders of magnitude lower than its initial potential at the current price.

If you trust in the Musk only transfer a portion
If you think the upswing is over, then not necessarily ALL to DAI
Transfer some to BTC or ETH

News articles everywhere say people are trying to pump SHIB all the way to $0.01 though

Just have your daily gains in a stable coin and who cares about margin calls?

Good luck with all your tax avoidance... Or good luck filing your tax returns with all your crypto trading data about how you transferred from coin to coin and took profits.