Does anyone know about the no edge thing on edgeless specifically with sportsbetting?  That would make no sense if they had no juice lines because how would they even make money then?  Also isn't that bad idea since that increases the chance they could go broke?

Also I posted this in the trading thread and i got replies where im confused about investing in altcoins.  I had thought if you invest in an altcoin that is say 1 dollar.  Well if it goes to 2 doubles, well you double your money right?  Thus say you buy lisk at 5 dollars and say you buy 1000 of it for 5000 dollars plus trading fees.  If it doubles to 2 dollars, well you have 10000 dollars worth of lisk minus trading fees.  So you made 5k less trading fee profit right?  Well when i posted this, i was told look at the btc price.  For example if btc price for lisk is 0.0007 btc... and you were to sell lisk when it hits 6 dollars but btc went up, you could be selling lisk for 0.00065 btc.  They said because of that, you lost compared to holding btc.  At first i did not understand this but then they said you would have made more money if you held that btc as oppose to selling it for lisk.  That makes sense.  But i mentioned well in the example you still make 5k profit less trading fees right?  One person did say yes but others kept telling me that you lose money here.  First off, who is correct here?  I can understand you lose here in terms of getting less btc than you invested even though lisk goes up.  But in terms of profit... $ wise... which is the most important thing here right?  Then you are up money here?


This is what i posted in the trading thread and want it posted here since this is altcoin discussion and people want to know about coins that would 3x, 5x, 10x etc.




I am planning to use bittrex to trade altcoins.  I would first get bitcoin first as i need btc to buy altcoins.

So i have a question on this and want to know if im doing it right.

Let say I have $10000 in btc. 

Btc = 7837.34 usd now

1.28 btc = 10000 usd


I send that 1.28 btc to bittrex.  Lets just make it simple and say i want to buy lisk and its worth $5.  I know its much more than that now but i like to make it simple.  Let say i want to buy 1000 lisk so $5000 plus fees.  I know bittrex fees are 0.25%.  So that means buying 1000 lisk would cost me $5000 + $12.50 = $5012.50.  This is correct right?  So basically now my bittrex btc balance is around half which is 0.64 btc?  To make it simple i ignored the sending btc fee to bittrex.


So let say my goal is to sell it once i make 20 percent profit.  Thus i want to sell it once lisk hits 6 dollars.  Say lisk hits 6 dollars.  I then sell all of it for $6000 - $15 = $5985.  So in this situation I made $5985 - $5012.50 = $972.50.  Is that correct or not? 


So once I sell the lisk on bittrex, I'm getting back btc right since lisk is paired with btc and most altcoins are not paired with usd or usdt as they put it?  So here is what confuses me.  At that moment i will get paid whatever amount btc = $5985 right?  However... isn't it a good chance that i might not get more than 0.64 btc that i originally used to buy lisk assuming btc price went up as well?  Like for example at that moment i bought lisk with my btc...  $5012.50 is about 0.64 btc at that moment.  But now... when i trade $5985 worth of lisk for btc... couldn't i get even less than 0.64 btc?  Thus even though i made a profit of $972.50 in my example buying lisk and then selling lisk... i might get back 0.60 btc only and now my btc balance is only 0.64 btc +0.60 btc = 1.24 btc?  Or is there something wrong with what im calculating here?  I do know when you are investing in altcoins, you are basically betting against bitcoin.  But here in my example, well you need btc in order to buy altcoins almost all the time since theres maybe 10 coins that are paired against usd or usdt?


And if my calculation is wrong, can someone tell me where is my calculation wrong?


Because i believe the profit i calculated is right here.  And if it is right, how do i make sure to lock in these profits?  I know you realized $972.50 in profit here.  But say you dont sell the $972.50 worth of btc now... and wait... well btc price drops... that $972.50 profit could only be $800 or less etc right?  Or is my logic wrong here?  I want to know from daytraders on this as i know daytraders mostly buy low and sell high and make lot of these transactions.  Thus if your goal for lisk is 20 percent profit of 5000 dollars invested and your goal is to make about 1000 dollars on buying lisk minus the buy/sell fees of 27.50 for a total profit of $972.50... are you suppose to immediately send that exact profit $972.50 worth of btc OR WOULD IT BE THE BTC DIFFERENCE between the 1.28 btc you started with and what you have now... and then send it immediately to gdax or gemini and sell it to them and then you lock that $972.50 in profit immediately to your bank account?


The thing is if everything was paired with USD, then it would be very easy to calculate/profits and losses.  I know bittrex has usdt but that is only paired with btc and not many other coins.  So the other thing is would daytraders instead of sending it to gdax or gemini... they immediately turn that btc into USDT?  That way their profits are locked since you have usdt?  I know usdt is around 1 dollar but it cannot be a little less or more.  But i read its still an altcoin.  So i want to know exactly how daytraders lock in their profit after they lock in their profit from one coin.  And most importantly, is it even possible to have a lesser btc balance after buying lisk at 5 dollars and selling it at 6 dollars depending on the btc price.  Because this is very confusing to me.

When you say park your value, do you mean like having it at a usd value so you dont have any fluctuations when you are ready to buy btc or other altcoins?


So everyone says but low and sell high.  So after all these coins including btc went down, lot of people would be buying btc and altcoins.  My question is mainly for buying altcoins.  First off, when you buy these altcoins during dips, are you buying it with another altcoin?  Such as another altcoin, sell it for btc and then buy the altcoin you want?


Or do you just buy btc and then immediately buy the altcoin?  The big issue with this is if btc goes up and that altcoin goes up, well you are getting around same amount of the altcoin assuming they both increase the same.  The same can be said if its decreasing.


Im assuming the best option would be get btc first... immediately sell it for usdt.  Then wait for prices to drop.  Once prices drop and you are ready to buy the altcoin, then you immediately buy btc with the usdt... then immediately buy the altcoin with usdt right?  I ask this because when i notice altcoins drop and i want to buy, the first thing i would do is withdraw btc from a site.  The issue with this though it would take either an hour or even a day or more depending on the site because they take a while pay you out in btc.  Then by the time i get the btc, well the altcoin might have increased too high of a price to buy already.  So is this the proper strategy to not only buy altcoin during dips but also btc?  Thus make sure you have usdt?  The other thing is if you are using coinbase or gdax, well make sure you had a usd balance on hand to get ready to buy btc, eth or litecoin during dips right?

Does anyone know if coinbase responds back via email?  My old phone doesnt work anymore and i had 2FA on it.  I cannot even log into my account due to this.


Also does anyone know how you can you get verified on gemini if you dont have an actual mobile us sms number?  I use google voice and i could receive sms messages from coinbase and other sites but gemini recognized it as a voice forwarding service.

I dont have the 2FA written.  But has coinbase answered to anyone on this?  Im sure lot of people dont have their 2FA due to their phone not working or changing phone etc.

anyone?

anyone?

I like to know this as well.  Having issues with verification on coinbase/gdax.

I have been doing this for a while.  But the thing is this is way too complicated.


First off, imagine someone is receiving/sending btc all the time.  Like someone might send them 5 dollars worth of btc.  Other people send 1 dollar etc.  Or you send small amounts etc.  You are suppose to use either fifo, lifo or weighted average etc.  How in the world is it possible to do it if you have say 50 transactions where you send/receive like 0.00003 btc etc.  That would be beyond ridiculous.  You need to record every single time and check the price when you received it?  Also i watched a video on youtube where someone talked about the issue on this.  Imagine someone who daytrades and does 50 trades a day.  You want them to record how much they bought the altcoin at... which isn't that hard since bittrex and binance shows the usd price.  The issue comes when you are selling the btc for altcoin because you cannot almost all altcoins without btc.  Then when you sell the altcoin ... you can only sell for btc.  Imagine you sell 5000 shares of a coin for 1 dollar and say 3000 got filled at certain price.  Then 102 get filled at another price.  First off, you would know the price in btc because it should show in the buy/sell order history.  However, it does not show you the usd price at that time.  So how can someone even do this.  So when they are busy daytrading, everytime there is a sale, you want them to check the usd price every single time?  Imagine you sell 5000 shares of a coin for 1 dollar and it took 10 orders because it was sold at 1 dollar, 98 cents, 96 cents etc.  So basically you have to stop trading because you need to record every single time someone buys even 1 shares?  Imagine having 20 orders because certain people want 1 share or 10 shares when you have 5000 to sell.  The issue is how are you suppose to record the fifo or lifo of your btc.  I mean who can record it like this... okay sold 1 shares of altcoin for 1 dollar at 13201 usd price.  Then sold 10 shares of altcoin for 0.00 at 13230 price.  Then when you ready to buy altcoin with it, you want someone to go ... okay i bought 1000 shares of altcoin.  So using lifo... i bought 0.0000001 btc at 13201... sold it at 0.0000001 btc at 13208?  You guys can imagine how ridiculous this would get whether its fifo, lifo or whatever method you use.  This would basically be almost impossible.  You would have to spend hours a day doing this maybe.  


First off let say you got 1 btc to make it simple.  Let say you got it at 10k for the btc.  The issue is this is rarely the case as you cannot get it at an easy round number.


Now let say you buy altcoin.  But let say when you do this, the btc price is around 12500 on bittrex.  Well here is the issue.  When you sell the btc for altcoin, you are selling it at 12500 minus fees right?  Thus you pay taxes on the 2500 btc gain?  Fees are 0.25 percent so around 5 dollar fee so $2495?


Now let say you buy 12495 shares of that altcoin with that 12495 at 1 dollar each.  Later on it goes up to say 1.50.  You sell all of it and of course you cannot sell it for usd or usdt.  You only can sell it for btc.  So here... you are getting 12495 + (6247.50 - 0.25% fee) = 12495 +6231.88 = 18726.88 worth of btc.  So here... you have to pay another tax on $6231.88 profit right?


The thing here is also when you do this, let say btc is around 30k now.  If thats the case, you only get back around 0.62 btc... less btc than you started with which is 1 btc.  But here... you made total of 2495 + 6231.88 = 8726.88 profit right?


However this gets even more complicated.  Let say you now use that btc to buy another altcoin.  The issue here is it would be easier if you buy an altcoin with your entire btc balance but thats rarely the case.  Now say you buy altcoin b.  When you buy altcoin b, you have to calculate what price are selling the btc at.  How are you suppose to do that?  Say you buy 10000 shares of altcoin b at 50 cents.  Well everytime you buy a coin, even if you got it at the same price which is basically almost impossible since btc prices changes every few seconds etc, you have to pay a FEE.  So how does that fee get calculated?  Is it calculated within the buy of the altcoin?


Now the other issue is this.  After the buy, you would still have like over 0.40 btc.  So whenever you sell it for cash or altcoin, you have to put what price you sell it at.  But let say you just hold the btc and do no more trades.  So you are going to owe taxes on 8726.88 profit even though you havent cashed out anything.  I saw many people complain about this which makes sense but i do understand that a bit.  However the issue comes when what happens when say in the future you cash out your btc or say btc drops to 0... can you claim a loss?  Like imagine you were to sell the btc you have left but when you do this, you only have say 0.25 btc and price is like 10000 dollars each.  So here you would be cashing out around 2500 usd to your bank account.  Thus you lost around 16226.88 on your btc balance whether its altcoin trading or just holding btc.  So would you be allowed to claim the 16226.88 loss?  Thus would you at least get back the taxes that were paid on your 8726.88 profit in that year when you made money with trading but didnt cash out a cent to your bank account?  Because if the answer is no, then this is beyond ridiculous.  Thus if you can't carry over losses on cryptocurrencies, then this wouldn't even make any sense because you are paying taxes on gains that you did not cash out to your bank account... but if you have a loss in the next year or so and then cash out, you cant get your tax paid back?  Anyone know the answer to this?


Because if this is true, does anyone here have advice/tips to avoid something like this happening with having year of claiming capital gains but then being able to carry losses and get taxes paid back?

How much money total in fiat would you say you withdraw your entire btc balance?  Because people say btc hits 100k, they would be rich.  But does that mean they have at least 10 btc?  Because if someone has say 1 btc... and thats even hard to get that much if you are buying now, well going up to 100k isn't rich for most people unless you are in low income country.


For people in the western world, how much usd would you say you would cash out and say okay im set?

Thanks for the response.  Are WCT still given out now or not?  And how often are these given?  Thus i want to know this because i might want to sell my WCT for some waves.  But if having no WCT means no priority... still not sure what that means... then i won't do it.  Thoughts on this?


For the liquid, that number makes sense since that guy told me he has about 1000 waves and got around 2 liquid that can be exchanged for waves.  But how long will waves be giving this since you say there is limited amount of liquid tokens.  So every week they are giving out how many?


How do you sell the liquid for waves?  Its not on the decentralized exchange where i could see you could trade WCT for waves etc.

Can someone explain these airdrops?  Someone tells me he got 2 liquid coins and converted it to 2 waves.  He said he has about 1000 waves.  So that means for every 500 waves you have, you get 1 liquid coin a week?  Which would mean you get 1 wave every single week?  How long would this last? 


Also do you need to lease your waves to get these or not?  The guy said he got  traded the 2 liquid coin for 2 waves so basically you are getting waves for free this way?


Also what about waves community tokens?  I read that if you have these, you get priority over those ppl who dont have any waves community token?  I have these but not sure how i got them.  Why did i get these waves community token but other waves holders dont have it.  So you should never sell these because if you do, you dont get any priority?  And what is this priority?  One guy told me he sold all his waves community token for waves but then read you dont get priority if you do?  So as long as you hold at least 1 wave community coin, that is good?

Does anyone know how i could view my entire waves history?  On waves client it only goes back a few months etc.

Hey all.  I use waves lite client wallet as most waves users.  Is there a way to check your entire waves history such as deposits/withdraws?  I went to recent transactions but it only show the last few months. 

Thanks.

Hey all.  I use waves lite client wallet as most waves users.  Is there a way to check your entire waves history such as deposits/withdraws?  I went to recent transactions but it only show the last few months. 

Thanks.

What about monitoring the coin prices and any coin that goes up a lot you sell it after a short while?

Any ones with low market caps?

Would you say better to sell all the altcoin or a portion of it?

Does anyone here have a computer solely for their wallets such as btc, litecoin and every other altcoin?  Thus the only thing they do on it is send/receive coins?  And maybe do trading on that computer?


And if so, does anyone know if a chromebook can do this?  Obviously trading would be hard because the screen is very small.  But what about a chromebook for your wallets?  Imagine you have like 25 different altcoins.  Then you need to download a wallet for each.  And when you do this, you do not visit any online sites on the chromebook/computer etc.


Obviously a regular computer can do this.  But could you do this on a chromebook?  Because chromebook uses their own operating system.

Hey all got a question and like to know your opinion on this.


Let say you bought a coin that was 5 dollars and bought say 1000 shares a while back.  So you spent around 5000 usd.  Now let say the coin goes up to say 12 dollars.  It went as high as say 15 dollars.  But you notice that the price has been dropping a long with other altcoins.  Let say you notice it go down to 12 dollars and it continues to go down.  Say 11 and then 10 etc.  You keep watching the prices and all it does is go down.  Wouldn't a good strategy be sell a certain amount of this coin at the dip and then buy it back the moment you start noticing prices go back up?


Example you decide to sell say 200 shares of it for 10 dollars at 2000 dollars.  Now the big question is this.  When you sell it for btc... since majority of altcoins cannot be traded against usd or usdt... wouldn't the smart idea be to sell the btc immediately for usdt?  That way no matter what happens with btc, you dont have to take any fluctuations and only look at that altcoin price?  For example you sell the 2k worth of btc for around 1995 usdt?  I used the 0.25 percent bittrex rate.  Now you have 1995 usdt or so.  Now let say the altcoin drops to 8 dollars.  Now the moment you notice it rise to say 8.50... you then decide to buy back that altcoin.  Here you would need to buy the btc with the 1995 usdt you have.  Then immediately buy back the altcoin.  The thing though is say the price is 8.50.  So with your 1995 usdt, you could buy around 233 shares of that altcoin back.  So you made your initial profit of selling it at 10 when buying at 5 and with 200 shares, you made around 1000 - 5 dollar free = 995 dollar profit.  And here... you now have 233 shares as oppose to the 200 shares you just sold.


Im curious are there lot of people that do this?  And if so, do people sell a small portion, medium portion or close to everything when they do something like this?  My thoughts are hey you could sell say 200 shares when its dipping... then use the money you sold it at to buy back more than 200 shares when the prices go back up.


Also if you do this, would selling the btc for usdt be a must or not?  Would that be recommended or not?  Because the issue is if you don't, the issue is say the altcoin goes back up in price.  But now the issue is btc went down.  Thus say when altcoin drops to 8 after you sell it at 10... then it goes back up to 8.50... you want to buy back those altcoins you just sold but because btc went down a lot... you might only get back say 150 shares of the altcoin.  So im curious how do traders handle this.  Do they sell the btc for USDT immediately after they sell the altcoin?  Or do they not?  The thing is if you are trading on say coinbase/gdax, even though i never did this, well the balance is in usd so basically you are going to have a usd balance when buying/trading btc, eth and litecoin.  But with altcoins, its much different mainly because you cannot trade it against usd or usdt.


So if someone does this, would you recommend selling the btc from the altcoin sale immediately for usdt immediately or not?  Then when you are ready to buy back the altcoin at a lower price, you buy btc immediately with usdt... then buy the altcoin immediately with usdt.  Thus you dont have to think about the btc price fluctuations.  And for daytraders, do they usually do this with a portion of what they buy they plan to sell later or they do the whole amount?