There is price difference last time of close to 1000 usd on bittrex and gdax/coinbase.  However someone said thats because of the tether rate.  So that means this cannot be done then right/


What exchanges can you really arbitrage on?  Those that only do usdt?  Thus an exchange that does usd and one that does usdt and do not allow usd withdraws won't work?

Anyone?  Emailed them back and made sure my email address was in the email.  Still haven't gotten response yet.

Hey all.  So i did a buy and sell on bittrex but when i did this, i made sure they had x amount of shares at the lowest price to buy or sell.  However let say i want to buy 1000 shares at say 0.0001 btc for example.

But the person selling it at that price only have 500 shares.  The person that is selling it at 0.00011 has 1200 shares.

So if i were to buy this coin, do i just put down buy 1000 shares at 0.00011?  That way it would buy 500 shares automatically at the lower price of 0.0001 btc?  Then the other 500 from the person selling it at 0.00011 who has 1200 shares?  I assume it would not buy 1200 shares from the seller at 0.00011 right and buy the lower price one first?

If you do tiny amount, shouldn't the coin probably be very little in cost etc?  Can't imagine someone having say 100 dollars and buying a coin that is 50 etc.

I was told by accountant when doing these taxes that it doesnt matter what you exchanged bitcoin for whether its altcoin or usd etc.  So i guess its not confirmed for everyone since some ppl might interpret it a bit difference as like exchange.


What if you have btc and altcoins in your bittrex account still and then withdraw it to your wallet?  But dont do any trading on bittrex?  I assume thats nothing since thats a withdraw to your wallet right? 


So if someone trades on bittrex and just does a 500 dollar trade such as btc for altcoin and then sell it when they profit say 100 dollars, they have to report it.  But the thing is, is bittrex going to report your transactions to the government?  Because even if they do, obviously that doesn't mean anything because you could have 100 dollar profit here but then lost money doing other trades with other nonus exchanges etc.  The issue here is there is no fiat on bittrex with bitcoin or altcoins.  If there were, calculating taxes would be much easier.  Also what about fees you pay when sending btc.  I still am not sure if that is suppose to count or its basically an expense.  I added it to the buy/sell of a coin etc.   Does anyone know the answer to this.

What about coins where you can only download the wallets and its not compatible with the nano ledger s etc?  There are lot of coins that you can only store them on your wallet on computer.

Can you explain what you mean by this?  Do you mean a program like bitlocker?

What 2FA are you using on binance?  Google authenticator or authy?  Best 2FA to use on binance is which one?

Are there programs where you could put in your wallet history such as buy/sell and similar and then it automatically tracks your capital gains or losses etc?

When you people mention google spreadsheet, you mean there is one out there that has what price you bought it and how much etc?  Or you mean just create one yourself?

Thoughts on it could go $500?

Is staking like leasing them?  I lease waves and i get certain coins on the waves wallet.


With deeponion, what are you getting?  So for every 100 or 500 or 1000 deeponion you have, how much you get per week or per what?  Are you getting free deeponions?

Okay so the only reason to convert your btc to usdt whether you have btc or just sold the altcoin for btc is if.


1.  You believe btc and altcoins will drop in value until you want to buy another coin

2.  You want to make sure you convert btc in usdt so you park the usdt value so when you want to buy altcoins, then you are unaffected by the btc price fluctuations right?




But if you think btc price go up till the moment you going to buy an altcoin or if you are just holding, then thats the only reason that you should not convert to usdt right?  Thus if you know you will buy altcoin soon but feel btc price will go up, then dont sell it for usdt.  But if you feel it will go down or you dont want to get affected by btc prices, then convert it to usdt?  Also someone says usdt takes more processing time.  Can someone explain this?  I mean when you sell an altcoin for btc... when you sell the btc for usdt... isn't that very quick just like selling altcoin for btc?  And when you are ready to buy altcoin, you buy btc with usdt and then immediately buy altcoin with it. Shouldnt this be very quick or there is something im missing here.  I assume the only negative thing about this would be paying 0.25 percent each time on bittrex so you are paying a total of 0.50 percent to park its value?

Wait im confused here.  So basically if you have 10k worth of komodo, you are getting around 500 dollars worth of komodo a year or something?  So if you have 10000 usd worth of komodo, you are getting around how much usd worth of komodo a day?


If what you say with btx is true... then what would be your annual interest then?  I mean that has to be over 100 percent right?  So if you had 10k worth of btx... and say during that year, btx stays same price, you going to make over 10k worth of btx?  That seems way too much it seems?

Hey all someone mentioned using usdt would be a way to park your value.  Do most daytraders do this or not?

Any other comments?

If you are selling an altcoin for btc.  And you plan to later on another altcoin when prices dip... should you be selling the btc immediately for usdt... that way you dont have to be affected by the btc fluctuations?  Thus imagine you want to buy an altcoin at 1 dollar.  Its 2 dollars now.  BTC is say 13k now.  But if you sell the btc for usdt... then you can buy the altcoin at 1 dollar.  But if during that instance, btc drops to 10k, you would get less altcoin with that same amount of money.  Someone mentioned in a thread its a way to park your funds so you could buy altcoins later on.  Thoughts on this?

Is it more simpler to use than bittrex when you buy/sell?  Because it looks a bit complicated.


Are fees lower on binance as oppose to bittrex?

Anyone?

Is binance easy to use or not?  I used bittrex to do just a few tranactions and it was pretty easy to buy/sell.  But binance looks a bit more complicated.  Is it very simple to use?


Also can someone explain me the binance cost where it would only cost you 0.05 percent a trade as oppose to 0.10 percent?

Could you cash out tether to your bank account though?  I read someone said bitfinex can do it if you have over 50k usdt.  Is that true or false? 


So if you had that kind of usdt and cashout, you would get roughly 50000 usd?  Or whatever is the tether rate times the 50k usdt?


So binance and bittrex... you cannot deposit real usd or withdraw usd dollars to your bank account.  Can someone here confirm this?  So the purpose of having usdt in binance and bittrex is for people to park their values when they sell their btc or altcoins then?  Thus you would need to use either coinbase/gdax or gemini if you want to cash out to your american bank account?