Are there really people that are paying 5 percent or more extra on top of the fees to buy btc on coinbase/gdax/gemini?


If thats the case, couldn't someone just buy btc there... then sell it to the other person at the agreed upon price?  Like imagine a person says they are looking for btc and then you check the price.  Then the other person agrees to buy from you at a certain rate plus 5 percent.  You then immediately go and buy btc on coinbase/gdax/gemini.  Then they sell it to the other person at agreed upon price plus 5 percent or more.  Wouldn't this work?  And do this quite a bit then you make money off the percentage?  Say you buy 10k in btc on gdax.  Someone pays you 10500.  They deposit cash in your bank account or wire you the money etc. 

Does anyone here think waves could be top 5 coin?  I thought this was possible now so many coins are ahead of waves now.

You sure thats 20k in profits?  How would they even know the 20k you are cashing out is profits?  Or you mean if you cash out 20k using coinbase?  Someone that is cashing out 20k from coinbase could easily be down money on other exchanges etc.  So how would they base the 20k on?

Does btc correlate with altcoins or not?  Because that seems to be how it is right now.  Because if thats the case, why not buy altcoins instead since it goes up a higher percentage than btc?  I mean if you want btc to triple, thats going to take a while. Altcoin seem to triple a lot easier if it is say few dollars or under 1 dollar etc.

What site are you guys buying it from?  The site i saw it on coinmarketcap seems to not have good reviews etc.

My accountant mentioned i believe not 100 percent sure but he said any trade whether altcoin to altcoin is taxable.  He said like exchanges doesn't apply.

The thing is even if bittrex gives out financial info, there is no usd being traded.  So if someone does a trade for 100 dollars profit and that person doesnt report capital gains or losses, then they would have issue?
The other issue if ppl could use other exchanges and have gains or losses there.  Like someone could profit 5k on bittrex but lose 5k or more on binance.  But you are telling me that person better have some number showing for capital gains then?

What about if you dont do any trading on that date and afterwards but have bitcoin and altcoins there and dont do any trading?  What about if you withdraw your btc or altcoins to your wallet etc.  Obviously that is nothing right since you arent trading it?

Yea the thing is if they do it where they actually send you a 1099 or whatever that is, then it would be very easy.  Thus here is your profit/loss statement.  The issue though here is this number wouldn't even be correct because when you sell the btc for altcoin and vice versa, they have no idea at what price you bought the btc you send them at.  So there would be no way to calculate it.  I think you could calculate profit loss on the site only but not the entire case because your btc could be bought at 1k or 5k or 10 etc.  It would be nice if these exchanges did everything in usd.  If that was it, its easy to calculate.

The issue is those ppl who do lot of trades.  Or those ppl who receive and send btc a lot but do tiny amounts like 10 dollars and below.  When you are using fifo, lifo or whatever method... that is a huge headache.  How can anyone even do this?  The other thing is what about fees you pay when trading?  Are those fees expenses?  Or are those fees like a 10 dollar fee... a fee that is from btc being bought at a certain price.  I mean imagine you get btc 30 times and got them at 30 different prices and these prices were between 1 dollar and 5 dollars.  You going to have to record not only every single transaction, but you need to deduct depending on fifo or lifo how much btc is left etc.  This is basically impossible for someone to do this if they receive btc or send btc many times with small amounts.  The only ppl that wont be affected by this are those ppl are just buy and hold or buy few times only.  When you sell, its a headache because what if during that time, you had friends sending you 5 dollars in btc several times etc.  Then you buy altcoin again.  Well you have to make sure that 5 dollar in btc from those friends of yours are the last one out or something. 

Does anyone here get what im saying here?  Because this would be beyond ridiuclous to calculate.

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?