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Author Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched!  (Read 1459794 times)
Searing
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March 11, 2018, 12:03:06 AM
 #5741



I have the tax man to pay...so somewhat clueless on when I'm gonna sell some LTC to cover for such...

I will inform you all here, I always sell at the low and buy at the high...so at least some of you can time your buys to match my

ugly sales...(its a gift!)


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edgar
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March 11, 2018, 07:15:55 AM
 #5742

i thought u were tax exempt after a year??

rgsnedds
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March 11, 2018, 07:32:55 AM
 #5743



I have the tax man to pay...so somewhat clueless on when I'm gonna sell some LTC to cover for such...

I will inform you all here, I always sell at the low and buy at the high...so at least some of you can time your buys to match my

ugly sales...(its a gift!)



surely if you don't sell them, it's not yet money... just keep 'em in the wallet.
bitcoin8x
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March 11, 2018, 09:28:43 AM
 #5744



I have the tax man to pay...so somewhat clueless on when I'm gonna sell some LTC to cover for such...

I will inform you all here, I always sell at the low and buy at the high...so at least some of you can time your buys to match my

ugly sales...(its a gift!)



surely if you don't sell them, it's not yet money... just keep 'em in the wallet.
But it is money. You can pay with litecoin no problem. As long as you can use something to pay for something else, shouldn't it automatically be considered 'money'?

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Searing
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March 11, 2018, 05:57:49 PM
 #5745



I have the tax man to pay...so somewhat clueless on when I'm gonna sell some LTC to cover for such...

I will inform you all here, I always sell at the low and buy at the high...so at least some of you can time your buys to match my

ugly sales...(its a gift!)



surely if you don't sell them, it's not yet money... just keep 'em in the wallet.
But it is money. You can pay with litecoin no problem. As long as you can use something to pay for something else, shouldn't it automatically be considered 'money'?

when you sell is the key.....if the price is high ...you sell ..to cover expenses...if the price is low you have to sell more

also in the USA cryptocurrencies are considered property...if you sell before 1 year and 1 day it is 40% on capital gains and 10% to my state taxes (more or less)

and it is 20% on capital gains and 10% tax man..in that most of my LTC was at around $4.15 as you can tell this is gonna suck!

by the by ..I'm retired and trying to live off ALT hoard (saving BTC hoard) for the next 3 years..with hopefully mining at least into Fall 2018 worst case

thus have to keep ahead of the taxes that MAY be do..month to month..don't want to be caught behind the curve to tax man..if mining stops and income from

such stuff stops...or again..if price is low more ALT coins out the door like LTC to cover that optional stuff like: food/heat/clothing/medical etc Smiley


Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/19. It also works with Windows 10 and allows 16 bit DOS game doors on the same Win 10 Machine! Five Minute Install! Look it over uninstalls just as fast! Freeware! Full BBS System! It is a frigging hoot!:)
RimmerAce
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March 11, 2018, 07:08:01 PM
 #5746

What is happening with LitePay?
2chandwaney
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March 11, 2018, 07:12:33 PM
 #5747

What is happening with LitePay?
Your question is not quite clear. Could you please clarify what exactly interests you Huh Price decline or something else?
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March 11, 2018, 07:40:17 PM
 #5748

What is happening with LitePay?
Your question is not quite clear. Could you please clarify what exactly interests you Huh Price decline or something else?
Just some general information, what is happening with it since it started, are people using it, how well accepted it is
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raskul


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March 11, 2018, 07:53:28 PM
 #5749



I have the tax man to pay...so somewhat clueless on when I'm gonna sell some LTC to cover for such...

I will inform you all here, I always sell at the low and buy at the high...so at least some of you can time your buys to match my

ugly sales...(its a gift!)



surely if you don't sell them, it's not yet money... just keep 'em in the wallet.
But it is money. You can pay with litecoin no problem. As long as you can use something to pay for something else, shouldn't it automatically be considered 'money'?

when you sell is the key.....if the price is high ...you sell ..to cover expenses...if the price is low you have to sell more

also in the USA cryptocurrencies are considered property...if you sell before 1 year and 1 day it is 40% on capital gains and 10% to my state taxes (more or less)

and it is 20% on capital gains and 10% tax man..in that most of my LTC was at around $4.15 as you can tell this is gonna suck!

by the by ..I'm retired and trying to live off ALT hoard (saving BTC hoard) for the next 3 years..with hopefully mining at least into Fall 2018 worst case

thus have to keep ahead of the taxes that MAY be do..month to month..don't want to be caught behind the curve to tax man..if mining stops and income from

such stuff stops...or again..if price is low more ALT coins out the door like LTC to cover that optional stuff like: food/heat/clothing/medical etc Smiley



Sell OTC, tell nobody.. !


Funny enough.. i recall you saying that you were out of mining at the end of 2015... you're an old miner like me, you'll mine on until the day they put you in the ground brother!!

mercedes321
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March 11, 2018, 08:01:43 PM
 #5750

we dont have taxes on cripto,...only on mining BTC,...and also if they will tax it, marggin trades will be excluded. so nice country Still...
so pls really tell us, i plan to load some more...if at bad price even better Smiley
zahidmoon
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March 11, 2018, 08:32:57 PM
 #5751

well lite coin is again increasing in value and i think dump time is over
and about the Tex.
where GOVERNMENT apply Tex on crypto currency users and holders > that a lot and over
i mean look at bittrex and bitfinex.
Tex should be payed but not that much 
mehar_gee
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March 11, 2018, 08:41:05 PM
 #5752

yes after a great blood bath lite coin looks stable now and in green
i hope it will soon cross 200$ again
lite coin is now a very well known crypto currency
2018 will be a very big year for lite coin
in the end of 2018 maybe lite coin cross 500$ or more
luksbit
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March 11, 2018, 09:17:34 PM
 #5753

I wanted to understand why these coins like Litecoin always accompanies the BTC in the market, ie if BTC has a drop in value, almost all altcoin / coin also fall Sad
Searing
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March 12, 2018, 01:32:43 AM
 #5754



I have the tax man to pay...so somewhat clueless on when I'm gonna sell some LTC to cover for such...

I will inform you all here, I always sell at the low and buy at the high...so at least some of you can time your buys to match my

ugly sales...(its a gift!)



surely if you don't sell them, it's not yet money... just keep 'em in the wallet.
But it is money. You can pay with litecoin no problem. As long as you can use something to pay for something else, shouldn't it automatically be considered 'money'?

when you sell is the key.....if the price is high ...you sell ..to cover expenses...if the price is low you have to sell more

also in the USA cryptocurrencies are considered property...if you sell before 1 year and 1 day it is 40% on capital gains and 10% to my state taxes (more or less)

and it is 20% on capital gains and 10% tax man..in that most of my LTC was at around $4.15 as you can tell this is gonna suck!

by the by ..I'm retired and trying to live off ALT hoard (saving BTC hoard) for the next 3 years..with hopefully mining at least into Fall 2018 worst case

thus have to keep ahead of the taxes that MAY be do..month to month..don't want to be caught behind the curve to tax man..if mining stops and income from

such stuff stops...or again..if price is low more ALT coins out the door like LTC to cover that optional stuff like: food/heat/clothing/medical etc Smiley



Sell OTC, tell nobody.. !


Funny enough.. i recall you saying that you were out of mining at the end of 2015... you're an old miner like me, you'll mine on until the day they put you in the ground brother!!




Yeah...well, KNC Liquidation Sale of 2015..got 6 new titans and a 7th new one off eBay....then I got a mess of Bitmain L3+'s April 1st, 2016 ordered...I posted on $4.15 LTC a $6 LTC floor

and was ...mocked...about it...I"m some kinda ASIC Savant..or something (or was) Smiley

went to $50 LTC promptly...every ..year I tell the CPA no more home business mining and/or unicorn equipment falling from the sky...currently waiting for the 'unicorn dump' of 2018 with

little hope...seems Mt.Gox Trustee is selling ($1.9 Billion to go) and hates everyone and panic sells on the low price....panics like a 12-year-old child....messing up BTC and Altcoin prices ..big time...

Also, remember Bitmain has captured all the Unicorns of many ASIC flavors on the equipment end...

We will see..this year I may be out!





Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/19. It also works with Windows 10 and allows 16 bit DOS game doors on the same Win 10 Machine! Five Minute Install! Look it over uninstalls just as fast! Freeware! Full BBS System! It is a frigging hoot!:)
mercedes321
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March 12, 2018, 07:37:52 AM
 #5755

to early to get out from holding, we havent reached 10Trilion mARKET YET, SO why left an early age, when now is the time that big ones are slowly to step in..?
rgsnedds
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raskul


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March 12, 2018, 07:47:49 AM
Merited by edgar (1)
 #5756








I have quoted this message to remind you at next block halving.  Cheesy
micle222
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March 12, 2018, 07:57:46 AM
 #5757

Will litecoin find block like btc Huh And can produce altcoin in that block. Please explain to me.
For example, BTC finds blocks that make segwit.
easyrimka
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March 12, 2018, 11:22:16 AM
 #5758

Will litecoin find block like btc Huh And can produce altcoin in that block. Please explain to me.
For example, BTC finds blocks that make segwit.

what are you speaking about ?
datguyian
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March 12, 2018, 01:29:53 PM
 #5759

Yet another struggle at the border of 200 USD for our Litecoin just now...
Volume is up, price goes down, this is usually a messenger of unpleasant news...

Do you think it's not worth holding at this moment?

Nope, sell all. Trust me, I got this info from a random guy on the interwebs Wink

Funny suggestion but it will work for all out of mind people who are looking for on this thread. Who don't remember that never anybody especially in long term investment who always lose and keep asking like that.

Not making decisions, just checking opinions)
As for me, not going to sell LTC anytime soon.

Everybody must take his/her own decisions, not based on the opinion of others. Rule #1 in crypto Smiley
Some say it is weak hands to sell while market is crashing; some say it smart ways to sell when market is crashing, so that you can buy the dip.
Choose wisely in anycase.

Depends of course when you sell while the market is crashing. If you hit the bottom with your sell order you are smashed. If you sell while it just starts to crash you might be off quite well. Always difficult to hit those movements perfectly. Better take profit when you are satisfied with your ROI.

Yeah, exactly on spot! This time it seems that I sold the bottom, instead of buying it. Sold almost all of my litecoin holdings when it was around 130 euro 2 days ago, hoping that the downtrend will continue. Actually LTC jumped with 20 euros above. Still, I am waiting and wil not re-buy until the price goes near what I sold to at latest Smiley

As long as you bought them at a cheaper price than you sold them for it is still a good trade for you. Hope that was the way it went! Wink



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rrbuilder
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March 12, 2018, 08:11:29 PM
 #5760

Hello everyone,
I just got into this altcoin with a vague idea of what im doing Wink could someone recommend me a pool i should use? i have one so far but.. well.. im the only active worker for the past few hours (is that normal?) and if not is there a more active pool? so i can get my payouts faster? thanks. Any tips accepted Wink 
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