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That is the question. I'm thinking we are near the bottom. About $30,000 has been support for awhile. A lot of bad news has come out and while there can be surprises, I think the bad news is out for this cycle. Probably the good news will start to come out e.g. the USA approving an ETF.
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Most exchanges will have an option to export your transactions via CSV and you can open that in Excel this might not contain all the information you want but would at least help you in formulating a template and doing the majority of the work for you.
Do you know how on chain investing and taxes? I'm getting a good return on TheGraph and I'm unsure how the crypto interest is valued. And from what I've done with it so far; there is no way they know it is me, and can not be reporting the interest. I'm sure I could come up with some way of valuing it myself, but it would not be tax accountant correct. https://thegraph.com/explorer/participants?selected=Indexers |
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Thanks for the info. I would give you some tokens but I only have 2. I've been using H&R Block and from what I've researched I'll have to go with Turbotax. One thing I don't see addressed is directly investing on chain. I'm doing that with AMP and GRT and I don't see a way to get that info on into the software. I've been tracking in Excel what crypto I've moved where and the interest I've earned. I think I'm going to do this for simplicity. Example: Bought Crypto on CoinbasePro Moved Crypto to Celsius for interest. When I want to sell crypto. Move original amount of Crypto back to Coiinbase Pro and sell Leave interest on Celsius and sell there. Hopefully that will keep the taxes straight. I'm hoping all the transaction fees and gas fees will be captured by Turbotax. |
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----Moderator please move if this is not the correct forum.--------
USA Citizens - How are you tracking/reporting for Tax Purposes? What software are you using?
This is where and how I buy and invest my crypto and I can see it being a big headache trying to report it all on my taxes.
buy/sell/invest - For better rates of interest I might buy on CoinbasePro and move the crypto to Kraken.
Coinbase/Coinbase Pro
Kraken
Binance USA
Move crypto from above to invest
Celsius Network
On Chain investment - I have no idea what info they provide as to the value of the interest I receive. This is where I would use MetaMask to invest on chain. These sites do not ask for any information about me. I can not see how these sites could report any information to the IRS. But I need the cost basis so I compute the taxes correctly.
e.g AMP & GRT
I have no idea how to track and report GAS fees for moving Crypto around.
Also, I can see if I bought crypto on one exchange and sold it on another, it would be hard to report.
Then there is short term vs long term gains.
Any advise would be appreciated.
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https://alternative.me/crypto/Go down the page to the chart and click on "max". You will see that the current reading of 10 is about as low as it can go. I would say from looking at the chart; a reading above 35 is a buy signal.
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that's a good list. Did you buy them recently or months ago? I like what you have in the list. I would buy and keep all of them in storage myself. From that list matic has been one of my favorite it has brought tons of profit and it'll continue to rise.
Unfortunately, recently, my portfolio is in a loss. But, I've been buying more. |
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I am not saying that these coins are the best to hold for the long term but I am currently holding these coins and planning of holding them for a long term maybe until the year 2024, these are the:
1.Etheruem
2. BNB
3. XRP
4. ADA
5. PR
I am not an expert but based on some of the research I've done, these are the coins that have potential in the future.
XRP is a risk with the SEC action going on. https://forkast.news/sec-ripple-xrp-legal-advice/ |
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Pls I need help and genuine guide.
Can I know which best Altcoins to buy & HODL.
I have bought
Doge
EOSdown
EthUp
XrpUp
Hotcross
I also sold them when crash started.
Now it seems market is picking up can you guys help with what to buy and hold and it will get good x1000 in few months
Im holding a lot of DIVI and plan on getting more during these dips. If you haven't heard about them you should check them out. I think that it will be quite attractive for you to include the Divi cryptocurrency in your list, without a doubt its ease of being used, its passive income options through stacking and master nodes make it an ally of financial development. I share the following article so that you have information to help you in your decision making: https://diviproject.org/blog/the-user-experienceI looked into DIVI. I don't understand what makes it unique. What does it do for me; the user? I invest my coins on the Celsius Network. You can also take out loans there. |
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When looking for a crypto I use this criteria.
1. Leader in its specialty - GRT good so far, I can't find another crypto that does what it is doing
2. Large companies invested in it - Coinbase Ventures - I can't find others+++++++++++
3. Good companies are using it - I read generally, defi is using it but I can't find out exactly who++++++++
4. Market cap - #85 pretty low
+++++if anyone can directly me to someplace to find this info I would appreciate it.
So far I view this as extremely speculative, until I get more info.
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This coin was discussed few months back here in this forum, there were some thread about it here, that was how I got to know it, even though it doesn't carry so much hype like some other project does, GRT is solid project no doubt, could be more better as development progresses and there are actual usage of the project, as it is, the crash in the market has reduce a lot of good project in price and grt is no exception,
This is worth buying for long term, if everything goes well am sure investors will be satisfied.
The idea is good. I will watch it. Do you know of other crypto in this catagory? |
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I don't see anyone mention this coin. I can't find any other coins doing what GRT. Have you seen any?
What are your thoughts?
"is a decentralized and open-source indexing protocol for blockchain data, Wang explained. It is not as established just yet, but is called the "Google of Blockchains" by its advocates since the platform can be utilized to search for any data through simple queries."
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It is still worth but you need to have luck and do good research. Years ago it was good hobby since projects very legit and there were less scams. Now you mostly depend on luck.
I think the time it takes for the research and luck; it isn't worth it for me. |
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With the recent developments with crypto for the past 24 hours. My question now is, would the coins listed by the OP would still be viable coins for investment? Maybe because of the big correction that happened with crypto and is still happening, maybe the coins might have been affected in some way and now our priorities should change or possibly would change because of this. If so, then maybe I would like to hear from the OP as to what developments he has now as far as his priorities are concerned.
As of Today - this is my current goal allocation - As you can see I increased my alt coin percentage - see bold and underlined. I did not sell anything. 8.92% Bitcoin Cash 37.58% Bitcoin 33.66% ETH 1.98% ADA 6.43% Atom 0.92% EOS 0.95% CRV 1.99% Link 2.00% MATIC 1.99% SOL 0.51% VET 2.00% DOT 1.06% XLM From The OP 9.7% Bitcoin Cash 40.1% Bitcoin 37.8% ETH 1.8% ADA 7.0% Atom 1.0% EOS 1.0% CRV 1.5% Link 2.1% MATIC 1.9% SOL - don't own yet 0.4% VET - don't own yet 1.5% DOT 1.1% XLM |
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I own 11 - I don't count the stablecoin USDC
I don't own two in the list below, but if I do buy them I will use the Percentage.
9.7% Bitcoin Cash
40.1% Bitcoin
37.8% ETH
1.8% ADA
7.0% Atom
1.0% EOS
1.0% CRV
1.5% Link
2.1% MATIC
1.9% SOL - don't own yet
0.4% VET - don't own yet
0.3% USDC
1.5% DOT
1.1% XLM
I only have EOS, CLO, BNB, and some tokens from Ethereum Network that stucked by high gas. Your portfolio is really good, did you have any plan to buy more EOS, imo its promising. I don't plan to buy more EOS at this time. I will hold and watch. The plans look good. Maybe it will become another BNB or something. But it may take time. The news is good. "Block.one and Prominent Investors Launch Bullish Global With $10B in Funding, and Announce the 2021 Launch of New Cryptocurrency Exchange, Bullish" https://www.businesswire.com/news/home/20210511005055/en/Block.one-and-Prominent-Investors-Launch-Bullish-Global-With-10B-in-Funding-and-Announce-the-2021-Launch-of-New-Cryptocurrency-Exchange-Bullish |
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There are still a few about also that is still worth a try however I don't think it is still worth it since the chances are just so slim to get a good project and most of it, in my opinion, is not worth it anymore.
I went to Airdrop Alert and started looking at all on offer. It is too much work for me. Too many different accounts you need to open and join. You have to have the right wallet and much more. |
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Airdrops and bounties are great if you are only a beginner, this is just an opportunity to earn even a small amount of money to start for investing or trading, all free is worth it especially if you are guaranteed of receiving it. There are some airdrops that are good one of the highest airdrop I received is worth $100 from Yobit, which I used for investment.
Bounties are not only for beginner bro, i mean we are do some task and earn a worth reward for do it, just be picky when you do kind of bounties. I think you misunderstood him, he want to said if you only a beginner, airdrop and bounties are great, its not hard to do and didnt required high skill to earn from it. In the article I quoted in the first post it said you might need up to 9 wallets. Is this true? Or is there one wallet that can handle them all. Any recommendation? Thanks |
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I own 11 - I don't count the stablecoin USDC
I don't own two in the list below, but if I do buy them I will use the Percentage.
9.7% Bitcoin Cash
40.1% Bitcoin
37.8% ETH
1.8% ADA
7.0% Atom
1.0% EOS
1.0% CRV
1.5% Link
2.1% MATIC
1.9% SOL - don't own yet
0.4% VET - don't own yet
0.3% USDC
1.5% DOT
1.1% XLM
I would recommend having more stablecoins in your portfolio and in general, remove some coins altogether. Here's what I would do in your portfolio in my own way. 30.1% Bitcoin 24.8% ETH 20.0% USDC 9.5% DOT 6.0% Atom 4.9% SOL 3.8% ADA 1.0% EOS 1.0% CRV 1.8% Link 2.1% MATIC 0.4% VET 0.8% XLM Thank you for taking the time to do that. I am thinking about dumping Bitcoin Cash and adding to USDC. I can get 8.8% interest on Celsius on USDC. |
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As of now I am currently holding 9 coins and just like you I am also holding the highest amount percentage which is the bitcoin followed by Etheruem and BNB, then the other coins are just meme coins and the new token projects. I also holding VET coin before but I lose my hope on it so I sold it already and buy other coin that is I think have a better future than it.
https://bitcointalk.org/index.php?topic=5342040.0I started a thread about VET. Maybe you can contribute there your thoughts. |
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I own 11 - I don't count the stablecoin USDC
I don't own two in the list below, but if I do buy them I will use the Percentage.
9.7% Bitcoin Cash
40.1% Bitcoin
37.8% ETH
1.8% ADA
7.0% Atom
1.0% EOS
1.0% CRV
1.5% Link
2.1% MATIC
1.9% SOL - don't own yet
0.4% VET - don't own yet
0.3% USDC
1.5% DOT
1.1% XLM
Last i checked my wallets, i had over 200 different coins and tokens on them. Some are worth quite a bit, some are useless shitcoins The hardest part of investing is knowing when to sell. |
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