Hey All, I've been trading like a maniac the past few years using lots of different exchanges and not keeping records of trades. It would be nice to send a few btc back to coinbase for USD but I'm afraid some blockchain explorer they have will follow the transactions back through everything and I could get into trouble fortrading altcoins. Am I being ridiculous? Sounds ridiculous as I type. I suppose at some point I need to take profits but I'm just nervous about going back to coinbase.
The first rule of tax is to have conclusive proof of your transaction. You will not get charged any taxes until the time the money doesn't show up in your real bank account. When you hold your assets over virtual blockchain then by law it has no meaning as you are not really having it unless you exchange it for the fiat currency. Once you convert it to fiat and withdraw the money into your bank account then that becomes legally taxed one. I think you dont have to worry about how much you trade and how much you earn as long as you are going to pay your taxes. And thats in your country. In my we have to protest against gouverment to awoid paying 1% of transaction value (for example when you buy eth fro bitcoin you pay 1% on eth $ value, than you sell eth to btc, you pay 1% of btc $ value). Can you imagine that? You make 1 trade with 1 % loss and 2% tax (what gives you 3% loss) (+ ~20% from every profit) https://www.ccn.com/cryptocurrency-traders-protest-polands-move-to-tax-all-transactions/Some of gouvrments are stupid and dont know what crypto is and how to tax it. If in your country there is no clear crypto tax law its better to protect yourself by hidding every trade and withdraw money to fiat wisely. Imagine if you daytrade grabing 0,5% from each trade and than you realise that in your country there is 2% tax from each trade. And you earn 10k from 30k investment and now you have to pay 60k tax |
|
|
|
Hey All, I've been trading like a maniac the past few years using lots of different exchanges and not keeping records of trades. It would be nice to send a few btc back to coinbase for USD but I'm afraid some blockchain explorer they have will follow the transactions back through everything and I could get into trouble fortrading altcoins. Am I being ridiculous? Sounds ridiculous as I type. I suppose at some point I need to take profits but I'm just nervous about going back to coinbase.
Its easier than you think. Transfer it to binance, buy monero, transfer it to your monero wallet, then to next monero adress and to next monero adress, than to new binance account, sell to bitcoin, then to new bitcoin wallet and your bitcoins are untrackable but still you will have to pay tax for money transfered from coinbase to your bank account. Monero is privacy coin that was not tracked even by FBI. Binance dont need KYC and you can withdraw up to 2 bitcoins (or coins worth 2 bitcoins) in 1 day. |
|
|
|
hey guys, Bitcoin is moving really dangerously to 6000/62000 price level.
If we break this level most of mining farms have to stop mining or continue to produce at loss...
this would be a really nefarious scenario!!!
who thinks Bitcoin will break psychological 6k level? what could happen then? any opinion or analysis???
I think nothing needs to be stopped, mine now does not mean lost production, but the profit is delayed. I'm sure the bitcoin value will not be less than now, bitcoin will soon increase in the next few months. There is no economical explenation of mining bitcoin when electricy cost is bigger than bitcoin price. Saying that profit is delayed does not justifies mining bitcoin worth 5k paying for electricity 7k. Its better to stop mining and start buying. Without spending 1mil/month to mine 142 bitcoins you will spend 1 mil to buy 200 bitcoins. hey guys, Bitcoin is moving really dangerously to 6000/62000 price level.
If we break this level most of mining farms have to stop mining or continue to produce at loss...
this would be a really nefarious scenario!!!
who thinks Bitcoin will break psychological 6k level? what could happen then? any opinion or analysis???
https://bitcointalk.org/index.php?topic=4469336.msg40087454#msg40087454here i have explained this. Not most of mining farms will stop mining. Only few with the worst hardware, worst electricity cost and the worst management (this 6k mining cost is just average. Some are mining for 5k, some for 6k and some for 6,5k those for 6,5 are already suffering, those for 5k are doing well at current price). That will lower dificulty for others and mining become profitable at lower bitcoin price. https://blockchain.info/pl/charts/difficulty?timespan=allTake a look at current dificulty. It is more pumped than bitcoin price ever was. Parabola in every time period. I even think that in longterm vision it would be better for bitcoin to shake those inefficient mining farms as long as it wont mess too much with bitcoin decetralization.  as you can see its not as decetralized as everyone think. |
|
|
|
Forex, stock are regulated and -20% jump is not happening.
Have you really withnessed a very strong news that is very decisive? It becomes very volatile and its effect could be felt through out the week. Sure news cause a very huge jump and can close a big account that is traded without stop-loss. I show you on picture what i mean by -20% in one minute and back to the same price. My post totaly describes whats are the risk with stoploss and stoplimit. How stoploss wile atacked can turn your portfolio into 1-10% of your investment and how stoplimit could not save you in some circumstances. And it didnt have anything with news. Its just speculative atack on stoplos. Look at picture. Thats why stoploses on crypto has huge risk. I can put here dozens of screens of ataks like that. You only need to set buy order at 1% price and than destroy walls with huge sell order and all stoploses are hitting your offer at 1% of value. Put here 1 atack like that from forex... Thats why on forex stoploses are mandatory beacause there is less risk with stoploss atacks.  BQX BNT and even XLM atack on stoploss. Just 3 finded in 3 min. Thats what im talking about. News has nothing to do with that. |
|
|
|
Stoploses very often leads to looses because in this unregulated market coins price can jump -20% in 1s to jump back to its backprice only to eat stoplosses.
But this is exactly how the market works and that is why the stop-loss orders are made, so that we don't blow up our accounts immediately but to blow that particular proportion we want to lose in a trade as stop-loss. Imagine what would happen if the stop-loss are not in place and the jump happens? Im talking about atacks on stoploses.  This scenerio. Imagine where would you sell if you would have stop-loss on it? On the f... bottom with 1/10 of your investment because you order will appear in orderbook after this big order which eat walls and will be realised last on the lowest price set by this guy who attack. Stop-limit could safe you from that but stoplimit wont protect you from this scenerio:  If those red candle was set by 1 huge sell order becouse your order will pop in orderbook after realisation this huge order without realising yours (your stop-limit price will be too high. Thats why its very hard and sometimes very risky to set stoploses on unregulated small market susceptible for stoploss atacks. Whales also loves to eat stoploses because 90% of investors set it in the same place. Thats why when you are a whale you know execly where huge supply will apear. I bet that now 90% bitcoin traders have stoploss on one of those points : ~6050-6100 or ~5900-5950 |
|
|
|
Hi
I have 300 Euro and want to make some profit . So i want to ask you all whichcoin i should Invest in. I want to Invest in Small Caps Altcoins so i can make quick profit, withhigh risk and high reward. Anyone have any suggestion.
Stay with dolar and w8 for end of bear market. Then go to cryptocallendar or coincheckup and jump into coins for newses. for example: coin is lauching mainnet in xxxxx 1- w8 for end of pump (after each news investors are running to jump in beafore others making pump and in fact jumping at the highest prices) 2- w8 for healty recover 3-jump in 4-sell few days beafore event. That is very high risk and very high reward tactick. |
|
|
|
|
Stoploses very often leads to looses because in this unregulated market coins price can jump -20% in 1s to jump back to its backprice only to eat stoplosses. Atacks on stoplosses happend here every day. If you have possibility i would rather set some kind of allarm or monitor trade with "mind stoploss".
Forex, stock are regulated and -20% jump is not happening. There are also insitutional investors setting huge walls making stoplos attacks less profitable (that makes them happend less often).
|
|
|
|
Hello everybody! People are trying to guess where is the final point of the current market dump I have a theory why bitcoin will go down to 5000-4800 levels, I'll try to explain my theory. It based on some observations of past markets 1) First of all, let's compare Market Cycle graph, Chart BTCUSD 2013-2015, and the current chart. I made an image, https://imgur.com/a/dKBcQ1H As you can see, a lot of similar points and in general they are VERY SIMILAR So, Capitulation phase is higher then Anger, Anger is higher then Depression That's why I can easily imagine, that the price will go below 6000 2) Recently I found very interesting graphics, based on comparison of the current price chart and Wyckoff charts https://imgur.com/a/opLle8OThis is the second reason why the price can go below 6k 3) So, where it will stop exactly? I think, we should keep in mind an area 5000-4800, because this is strong support level and also global 0,236 fib level, what makes it even more powerful https://www.tradingview.com/x/Ml9uJDfU/I think this could be the final destination Of course, this is nothing more than theory. But I hope that was at least interesting. Very nice, but i alwais try to find and explain to myself why would whale do that, where is his incom etc. 1) Market cycle graph just show how it sould teoriticaly looks like. How it is written in books. Makret likes to be unpredictible. Whales likes to hide their moves. But in most cases when there is no nonmarket risks (regulations, gouverments) or positive news this should like like that. So point for you  2) Wyckoff charts shows whale acumulation process. Simply shows the easies way to accumulate assets for whales. Those deep that you pointed is for causing panic. To buy last coins/shares on big volume. I think that whale already tried to dump below 6000 (during run to 6100) when he was stapped by big volumen (5k+ bitcoins in 5 min only on bitfinex). When i was reading about Wyckoff i also readed that those "spring" is not nessesary and sometimes happends as fake showing that this was distribution not acumulation process to caus bigger volume and panic.  this huge green candle. That gave this whale (and every other) a signal that he is not the biggest whale here. And those 6000 will be protected. Thats why i think that others wont try to dump lower than 6k as long as we are in accumulation process (it could also be distribution:) ). Thats why i think that if (according to Wyckoff we are in acumulation) than final try to destroy support to buy more cheep coins was already done and failed. Than we should go up from here. If we are in distribution process - and i doubt about it - than 5000 could be not enought for whale to strat buy again (only 20% profit) |
|
|
|
In these days there is no risk in holding besides if you sell your holding then you will lose your money due to fall in the price. if you have trading experience and can trade positively then you should not just hold your coins, because you can make more money from trading. More time over the internet and knowledge about the market trend is valuable for traders.
There are dozens of risk in hodling strategy. If only you read whats in treat instead of posting after riding topic only you would know. 1- whitepaper is just a document with words. It can be copierd and change a little. Faked. I can create myown whitepaper in which ill write that tommorow ill be on mt everest.
2-team can be faked with fake twitter account with bought fallowers
3- code - who of us can check if code is ok? How many of currencies have working code now? Most of them are just concept without working product jet.
4- hype can be bought.
5- beeing uniqe dasnt give you certainty of beeing uniqe forever. 1 month after your investment there can be new ICO with better team, bought hype and with working product delivered faster.
6- you are newbie and you did fundamential analys wrong or didnt do at all just jump after hype or because someone said that its great investment
7- there are 1600 coins. More than 1400 wont survive next few years because they are not neseesary. Your decision must be precised and full of luck
Risk of holding established coins is smaller. You are still risking 100% of your investment too but with much less probability. But there is still vatious of risks. Lisk for example is contiously postoninig every think they promise. Team must be inexperienced though. You also throw here ETC, ETH, LSK - they all provide platworm for smartcontracts daps ets. In my opinion after years from now only 1 of them will survive. There is no need of 3x google or 3x youtube. And there is very high risk that the one who will surviewe after years wont be one of those tree because there is EOS STELLAR and dozens more. And few more new are beeing created every month.
ETH - as you see every succesed token (EOS BNB VEN) in leaving eth to jump on theirs own blockchain. ETH is not that scalable to hold even 1 huge project that reach mass adoption. And there are houndres of tokens on it.
Market looks different now. And will look different in next years. Hodling was the best strategy for 2012-2018 period. But there is no guarantee that it will be for 2018-2024 period. Perhaps it will be the best strategy for 2018-2020 and the worst for 2020-2024 for 99% of coins and still good for 1% of coins. We dont know it. Hope for the best but prepare for the worst.
But you dont see those risks because you see market today and think that it will remaint like this for next years. For sure it would change. Currently 1000-2000 new ico are coming to this market every year. You think that in 2025 there will be 20 000 coins? And your hodl coins from 2018 would still be there? I think that in 2025 there will be 100-200 coins but with marketcap bigger than whole market today. And hodling this coins will be the best strategy for 2018-2025 period. But the worst for other thousends of coins. |
|
|
|
In my observation base on the coin market cap and some other source of analysis came from different people speculation price reach value for this 2018 reach more than 20k usd before end of the year same as last year 2017 price reach almost 20k usd but in my own analysis 20k usd price not reachable in this year, look at the price fluctuation and the price are in six month old bitcoin stay in the lower price of course they have possible bitcoin to increase in the market but not too much like the expectation AT 20k usd.
Yes... you have your analysis based on manny things but they have money. Just like i wrote in first post. If you would only read whats in treat instead of posting after reading topic you wont write that. Because this topic is about whales. Not analysis
We have supports, resistances, trendlines, RSI but they have money. We should start to think like a whale. Thinking where he is trying to trick us. Where he is prepering for big moves etc. Alwais after any analysis try to think beafore transaction "isnt it a whale who is trying to push me into this trade by showing buy oportunity?"
|
|
|
|
|
Yes. Dificulty was 1 then. Now its pumpung every day to current 4 940 bil. Knowing that currently mining bitcoin consume more than 71 terawatt hours per year with dificulty 4 940 bil with dificulty 1 it would be 14 wats? Is it possible or i miss something? 14 wats sims to be so small for computing this amount of transactions per year. It means that it is true that if every bitcoin miner will quit that 1 descktop computer could handle the load?
|
|
|
|
That is not the strategy of the holder really. At least I am not looking after the whitepaper and stuff because I never invest in the ICO and then make holdings of those ICO tokens which are not even listed over the market.
I always hold those coins which are already listed in the market and are in good positions. These mostly includes coins from the list of Top 50 coins and some from beyond that. But only those who are getting good daily volume will be in my list for sure.
This makes the HODL very easy and way beyond perfect and risk free.
You invest long term in coins beacouse of current volume and position in marketcap. Its soo funny. I finaly met that guy who is alwais loosing money. I need to thank you. You are that guy who is buying coins from me few days beafore crash. You are buying from whales who pumped coins and sells on big volumens. And for hodl. Thats the funiest paart. In this tactick you can buy shitcoin without future with no chance to survive only because 1 whale pumped in on big volume. And you will hodl it untill 0... |
|
|
|
market cap does not show "value" although people mistakenly use it as such.
for bitcoin it may be considered a good factor to measure and compare only because bitcoin is transparent and both its supply and price are real but it is far from real when it comes to altcoins. for example ETH market cap is about 70% fake because it has nearly that much premined coins which are not real supply.
Not only that, we should include that most altcoin in the market is running of with Etherium platform and only few percentage do have its independent platform where i dont even see the value with those coins being dependent mostly on it. Smart contract is good and innovative but its being used up too much. We cant really stop if total marketcap will go up that high i didnt even expect it would reach out hundreds of billions but well this is the trend now it even hits up on ATH on 800B. Funny and strange thing was that market hit ATH at 800B when bitcoin was in bear market since month. |
|
|
|
Good historic reference, dude. But having someone to pose a whale like that is like waiting a single drop of water in hell (at least not waiting for the hell to freeze tho). Even if I was quadrillionaire, I wouldn't think of investing that much in Bitcoin or I might not even entertain its existence. I might get focused up in investing in stock markets instead, or I could invest in crypto if I was such a tech-savvy but that is a situational thing to assume.
There is a legend in trading world about financial cartel. Group on investors with unimaginable amount of money. They speculate on almost every market from oil, gold, forex, stocks and perhaps now on cryptocurrency. 20k in 1 day is as unbelievable as existance of financial cartel. But 10k in 1 week made by 1 investor without any TA explanetion? Its possible as f.. Read about speculative attacks in history. There are examples when real currencies of real countries was pumped or dumped. That even push some countires into crysis. What is bitcoin in comperition to real currency. https://en.wikipedia.org/wiki/Black_WednesdaySoros made over £1 billion[6] in profit by short selling sterling. 1 bil profit from 1 trade !!. And you guys are telling that 40 bil is too much for 1 person to pump bitcoin |
|
|
|
trading risk and risk holding more risk hold, because if you hold it you can hold the coin that you hold will run delist so it will make you loss if coin mean too long.
Only shit coins can get delisted and may end up making you bag hold for a very long time but you would want to be smart even as a holder anyway. In this market, everything is risky. Trading is risky because the market is extremely volatile and without knowledge and being cautious, you will end up getting screwed which you would end up even losing much more but with great knowledge, you certainly get the best of it. All the above, holding is easy, as all you need is to do research on what you are holding, believe in the long term, forget about the mid fluctuations and come back in that long term to see how you have done. For holding, we do not need any big strategies and it may sound simple but definitely highly effective one. I don't know why this myth is repeated so often. "Trading is risky because without experience you will loose". So if newbie cames to the cryptoworld knowing that there is something like bitcoin and didnt even knowing what blockchain is can't trade on crypto because it need experience but for sure can do great research, read 40+ page whitepaper in english (it is not native language of every crypto investor), compare team, CODE, and finding out that this is great project, there isn't any better doing the same stuff, there isn't any project that will perhabs deliver working product faster. From first look he will know that some on statements in whatepaper are impossible to do etc?(it is very important because with 1600 coins currently and 1000+ new coins each year this market will for sure look totaly different after years) To invest first money he will have to read and understand at liest 50+ whitepapers (2000+ pages), get to know about 200-400+ cryptos to make good long term choise. I think good reaserch takes more time than learning trading. If i would campere risk in trading and hodling i would compere unexperienced treader with unexperienced hodler (newbie in doing researches). And even chosing hodl tactick its good to have basic trading knowledge to knew that f.e. january 2018 was not the best moment for investition even if coin was great. Thats why in my opinion trading with lowest possible bet is best option for newbie. While trading learning about coin that newbie want to trade at. Get basing knowleg about various of coins and then jump to HARDER AND RISKIER hodling tactic. |
|
|
|
Hedging your cryptocurrency (Bitcoin) against price declines
Opening short positions is great way to hedge your cryptocurrency against price declines.
Consider the following example: The Bitcoin price is at 9000 USD and you own exactly 1 Bitcoin. You have the fear that the Bitcoin price could decline in the coming months and want to keep your USD value. This can be achieved by opening an unleveraged BTCUSD short position with a size of 1 BTC:
If the price falls from 9000 to 5000 you would profit with +0.8000 BTC. The total account balance of 1.8 BTC at a Bitcoin price of 5000 is exactly 9000 USD, your initial USD net worth. If the price rises from 9000 to 14000 you would lose -0.3572 BTC. However, the remaining account balance of 0.6428 BTC at a price of 14000 is again 9000 USD.
This strategy is used in different scenarious in my opinion. For example you would like to open possion on gold mining business but without risk of gold price change. Thats why you buy shares of the company and opens short position on gold. Now you have position that is based only on performance of company instead of performance of company and gold price. Or you want to open possition on korea market without risk of change price of its currency. Thats why you also open short position on KRW/USD If you have bitcoin at 9000$ and you feel that its going to fall than sell it. U had 9000$ bitcoin now you have 9000$. In your strategy you had 9000$ in bitcoin and 9000$ in short position on bitcoin (18 000$ locked in trades). Explain it to me how this strategy is better than just selling bitcoin ? If bitoin will go up you are earning on bitcoin position and loosing the same amount on short position. If bitoin will go down you are loosing on bitcoin position and earning the same amount on short position. Its the same as just sell. |
|
|
|
|
Show Posts
