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Cryptocurrency mega-thread

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My ethereum set up was perfect today.. love January eth. Always delivers. Every year for 5 years it’s a winner. Will still go up plenty this month. For what I know.

I’m just gonna hodl away.
 

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YippeeYiYeo said:
www.coindesk.com

Binance US Says It Will Delist XRP on Jan. 13 - CoinDesk

Binance US is suspending XRP trading next month, becoming the latest exchange to do so after the SEC alleged the crypto is a security.
www.coindesk.com www.coindesk.com

Some big exchanges in that group.

BTC markets tweeted they wont be delisting it though so as long as you have an account with them you can always load up on XRP if news comes through they defeat the lawsuit.
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yeah thats a powerful list of exchanges to lose, could we see xrp below 10c again because of it?
 
LongBombFromOutside50 said:
Curious to know what percentage of your liquid assets you guys have in crypto?

I’m up to my eyeballs the moment with ~75% btc 10% eth 15% yfi. Sold all shares and dumped 98% of my cash into crypto earlier last year

Btc has obviously been the best investment of the decade. Unfortunately got onto yfi just a bit late but going to hold for now, waiting for the next DeFi mania to occur.
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As someone who had 90%+ of my assets in crypto at the peak of the 2017 bull run my advice is to wind back your exposure to crypto and pull some of that cash out to diversify. Take X% (I'd say 40%-50% at least) of your crypto holdings, dump it into shares instead and leave it there. Don't try and 'be smart' during the inevitable pullback from the current all time highs by buying and selling on the way down, as that's where I lost money. Also figure out how much tax you owe, you don't want the ATO to come knocking and find you've got a 5 digit tax bill. Feel free to message me, as I'd hate to see you making the same mistakes I did.
 
If you're holding crypto and want to take profits my advice is to do so now while the price is still above US$30k. The price WILL come down over the next few days, it's gone from $11k at the start of October to $33k at the start of January and it's hit that point where you will regret not selling at the top as you've tripled your money in about 65 days. Sell as much as you need to feel comfortable that you've made money and can see the price drop without beating yourself up about not selling.

If I was to speculate BTC will find its new price floor somewhere around the $18k-$20k mark, over what time frame remains to be seen.

If you're in it for the long haul as a HODLer then do so and look to accumulate in a few months time when the price drops below $20k.
 

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Gigantic said:
I did quite a bit of selling and consolidating of my holdings between 2016-2018 and it was a pain in the ass at tax time when figuring out my capital gains.

Anyone have any tools that they have used for tax purposes?
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Not that I've used it but this site is one that I've seen people mention before.
 

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Also consider, this bull market can't be predicted by transposing previous bull markets on top of it and copy pasting. IMO there are far too many variables at play. Macro environment chief amongst them, also consider the whole crypto industry could still be in price discovery.

I'm very bullish long-term, basically.
 
YippeeYiYeo said:
As for taxes im still down 20% from 3 years ago. Surely that would incur a tax break if anything?
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Just hold. Til October this year. It’s gonna go bananas. I’ve never been more confident. Don’t trade now. Relax with it. Let it happen.
 
maryjames said:
Put more money in. Man Ethereum is gonna erupt.
You should have your money back in weeks.
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nah that coinmarketcap chart i posted on the page before is why i wont be putting more in. Im happy to sit on the sideline and curb my FOMO for now. Ive got a handful of alts/shit coins left on the exchange in case there is an alt coin run but i feel the best case scenario is BTC and ETH double in price and the overall marketcap hits 2000b over the coming weeks in which case i missed out on an opportunity to double my money. Worst case scenario is a massive crash triggered by the whales in the crypto space and 1/3 is wiped off in mere hours like in 2018. Risk > reward for me IMHO.
 
YippeeYiYeo said:
nah that coinmarketcap chart i posted on the page before is why i wont be putting more in. Im happy to sit on the sideline and curb my FOMO for now. Ive got a handful of alts/sh*t coins left on the exchange in case there is an alt coin run but i feel the best case scenario is BTC and ETH double in price and the overall marketcap hits 2000b over the coming weeks in which case i missed out on an opportunity to double my money. Worst case scenario is a massive crash triggered by the whales in the crypto space and 1/3 is wiped off in mere hours like in 2018. Risk > reward for me IMHO.
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You missed out. But believe me ethereum will take off. Be 4000 au within weeks. Bookmark it.


Your right though the big crash is coming cause the retail is fomo in be wiped out soon enough.

Then it will bounce right back to record highs x15
 
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Hold ethereum until the end of the month and I'm confident you'll be happy. Sell before CME futures trading starts in Feb. Remember what happened to BTC when CME futures started.

I still think we'll see 42k, maybe 50k before any significant pullback in BTC.
 
Trillion dollar market cap. US dollar.

Wow.

The crash will happen and many will get rekt. I invested big where prices will never be touched again. Won’t matter.

The fomo is growing. People texting me calling me about it. Funny.
 

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