Bitcoin and Crypto

[Magpie_Magic]

I am over trading coins I am into staking now $85 US got me a $12K US return the other day but I just have to keep it in there for 7 days

Thats some serious returns. Awesome.


Im gonna research now.

Be careful.

I know the Tax man will get me i have learnt alot about crypto i have people asking me about tips and making money but to learn what i know i have lost a good 30 to 40K in bad trades not reading the white paper not knowing about market cap

It sounds like you're across what you're doing and I honestly wish you all the best man, but I think 99 times out of a 100 when people expect easy 10+ times returns on something it ends in tears.

I think crypto has a fair bit going for it (I started dabbling over 5 years ago). But the psychology of it is setting off alarm bells right now, every man and his dog thinks they're just going to whack in some money and get crazy returns.

Well, your right about alarm bells, these are a threat to every currency and eventually even the US dollar but as far as crazy returns go, I felt like you, for too long stayed invested in gold and saw people get rich with this while I thought I was following convention with my trades, this was sucking up cash from the gold and stock market (seen how little daytime volatility there is since Cryptocurrencies have been in vogue) and gold.

Still not in this game yet and I know I am late to the party but if they don't get outlawed soon they will be to big to fail regards causing serious economic damage and the real threat to this may be from the curtailment of QE or rate rises which is a while off.

So small stakes may clean up for a while in this greater fool theory trade yet. Last time I checked there was 12635 Cryptocurrencies with many trillions of tokens. One just dosent want to be the last one holding the can.

Too much money printing and many of my economic textbooks are obsolete.

 

[Odessa]

I am over trading coins I am into staking now $85 US got me a $12K US return the other day but I just have to keep it in there for 7 days

There is no such thing as a free lunch, if you are turning 85 bucks into 12k there is a massive catch man. So what is the catch? It sounds sus, or at the very least a massive fluke.

I buy before the coin becomes available to the public it's very easy to buy a coin at 0.5 cent and when it hits the market goes to the 0.40 in an hour or two

There are some big coins coming out in next few weeks and the 12K is up over 22K US now

Don't buy Bitcoin and all the other big coins they will be a run on those up until Christmas but the people who got in on them earlier have made there money and if you but them your only making them more money

Just off the bat I will give you a tip buy Stratos they had a demo of there blockchain the other day and I must say wow wow wow

If you buy it and sit on it for 6 months you will times your money by 10 easy minimum

But I am getting on a coin in the next few days I miss happy coin
Had a problem with my binance account could not withdraw I had to contact them

Happy coin is going to be the the preferred payment method for Only fans

So it's like an IPO for a token?

How do you subscribe?

Yes I do I believe it's the best way to make money on crypto and I Only buy off a couple of companies I go back and see what they have done and marketing has a very big part in how much you make

 

[Odessa]

I am over trading coins I am into staking now $85 US got me a $12K US return the other day but I just have to keep it in there for 7 days

Thats some serious returns. Awesome.


Im gonna research now.

Be careful.

I know the Tax man will get me i have learnt alot about crypto i have people asking me about tips and making money but to learn what i know i have lost a good 30 to 40K in bad trades not reading the white paper not knowing about market cap

It sounds like you're across what you're doing and I honestly wish you all the best man, but I think 99 times out of a 100 when people expect easy 10+ times returns on something it ends in tears.

I think crypto has a fair bit going for it (I started dabbling over 5 years ago). But the psychology of it is setting off alarm bells right now, every man and his dog thinks they're just going to whack in some money and get crazy returns.

Well, your right about alarm bells, these are a threat to every currency and eventually even the US dollar but as far as crazy returns go, I felt like you, for too long stayed invested in gold and saw people get rich with this while I thought I was following convention with my trades, this was sucking up cash from the gold and stock market (seen how little daytime volatility there is since Cryptocurrencies have been in vogue) and gold.

Still not in this game yet and I know I am late to the party but if they don't get outlawed soon they will be to big to fail regards causing serious economic damage and the real threat to this may be from the curtailment of QE or rate rises which is a while off.

So small stakes may clean up for a while in this greater fool theory trade yet. Last time I checked there was 12635 Cryptocurrencies with many trillions of tokens. One just dosent want to be the last one holding the can.

Too much money printing and many of my economic textbooks are obsolete.

I believe there will be a big fall between just after Christmas and June there is to much money going into Crypto to fast

 

[Odessa]

I am over trading coins I am into staking now $85 US got me a $12K US return the other day but I just have to keep it in there for 7 days

Thats some serious returns. Awesome.


Im gonna research now.

Be careful.

I know the Tax man will get me i have learnt alot about crypto i have people asking me about tips and making money but to learn what i know i have lost a good 30 to 40K in bad trades not reading the white paper not knowing about market cap

It sounds like you're across what you're doing and I honestly wish you all the best man, but I think 99 times out of a 100 when people expect easy 10+ times returns on something it ends in tears.

I think crypto has a fair bit going for it (I started dabbling over 5 years ago). But the psychology of it is setting off alarm bells right now, every man and his dog thinks they're just going to whack in some money and get crazy returns.

Well, your right about alarm bells, these are a threat to every currency and eventually even the US dollar but as far as crazy returns go, I felt like you, for too long stayed invested in gold and saw people get rich with this while I thought I was following convention with my trades, this was sucking up cash from the gold and stock market (seen how little daytime volatility there is since Cryptocurrencies have been in vogue) and gold.

Still not in this game yet and I know I am late to the party but if they don't get outlawed soon they will be to big to fail regards causing serious economic damage and the real threat to this may be from the curtailment of QE or rate rises which is a while off.

So small stakes may clean up for a while in this greater fool theory trade yet. Last time I checked there was 12635 Cryptocurrencies with many trillions of tokens. One just dosent want to be the last one holding the can.

Too much money printing and many of my economic textbooks are obsolete.

Happy coin that i spoke about is out now you could have got on early at 0.5 cent and now its up to 30 cent will hit 80 cent inside a week

 

[Odessa]

I am over trading coins I am into staking now $85 US got me a $12K US return the other day but I just have to keep it in there for 7 days

Thats some serious returns. Awesome.


Im gonna research now.

Be careful.

I know the Tax man will get me i have learnt alot about crypto i have people asking me about tips and making money but to learn what i know i have lost a good 30 to 40K in bad trades not reading the white paper not knowing about market cap

It sounds like you're across what you're doing and I honestly wish you all the best man, but I think 99 times out of a 100 when people expect easy 10+ times returns on something it ends in tears.

I think crypto has a fair bit going for it (I started dabbling over 5 years ago). But the psychology of it is setting off alarm bells right now, every man and his dog thinks they're just going to whack in some money and get crazy returns.

Well, your right about alarm bells, these are a threat to every currency and eventually even the US dollar but as far as crazy returns go, I felt like you, for too long stayed invested in gold and saw people get rich with this while I thought I was following convention with my trades, this was sucking up cash from the gold and stock market (seen how little daytime volatility there is since Cryptocurrencies have been in vogue) and gold.

Still not in this game yet and I know I am late to the party but if they don't get outlawed soon they will be to big to fail regards causing serious economic damage and the real threat to this may be from the curtailment of QE or rate rises which is a while off.

So small stakes may clean up for a while in this greater fool theory trade yet. Last time I checked there was 12635 Cryptocurrencies with many trillions of tokens. One just dosent want to be the last one holding the can.

Too much money printing and many of my economic textbooks are obsolete.

Happy coin that i spoke about is out now you could have got on early at 0.5 cent and now its up to 30 cent will hit 80 cent inside a week

jump on now you will doubble your money but if you got on at 0.5 wow

 

[finnzo]

Any 1 know of any tricks to help avoid the 50% capital gains taxes if you sell before holding for a year? My accountant was telling me you are able to put 25 k of profit from crypto or stocks into your super and avoid paying tax on that

 

[Odessa]

Any 1 know of any tricks to help avoid the 50% capital gains taxes if you sell before holding for a year? My accountant was telling me you are able to put 25 k of profit from crypto or stocks into your super and avoid paying tax on that

I have a very flexible account who when I first meet him told me he already has invoices for everything but I don't mind paying some tax and i also have an overseas bank account

But my aim was not a quick buck I wanted another income stream long term and I have found out how to do that I use to think crypto was a fad but they have amazing technology behind them

 

[Odessa]

I am over trading coins I am into staking now $85 US got me a $12K US return the other day but I just have to keep it in there for 7 days

Thats some serious returns. Awesome.


Im gonna research now.

Be careful.

I know the Tax man will get me i have learnt alot about crypto i have people asking me about tips and making money but to learn what i know i have lost a good 30 to 40K in bad trades not reading the white paper not knowing about market cap

It sounds like you're across what you're doing and I honestly wish you all the best man, but I think 99 times out of a 100 when people expect easy 10+ times returns on something it ends in tears.

I think crypto has a fair bit going for it (I started dabbling over 5 years ago). But the psychology of it is setting off alarm bells right now, every man and his dog thinks they're just going to whack in some money and get crazy returns.

Well, your right about alarm bells, these are a threat to every currency and eventually even the US dollar but as far as crazy returns go, I felt like you, for too long stayed invested in gold and saw people get rich with this while I thought I was following convention with my trades, this was sucking up cash from the gold and stock market (seen how little daytime volatility there is since Cryptocurrencies have been in vogue) and gold.

Still not in this game yet and I know I am late to the party but if they don't get outlawed soon they will be to big to fail regards causing serious economic damage and the real threat to this may be from the curtailment of QE or rate rises which is a while off.

So small stakes may clean up for a while in this greater fool theory trade yet. Last time I checked there was 12635 Cryptocurrencies with many trillions of tokens. One just dosent want to be the last one holding the can.

Too much money printing and many of my economic textbooks are obsolete.

I honestly believe 2022 till mid 23 will be very hard the covid bill will start to kick in with inflation rising interest rates will have to go up
house prices will drop and under employment
will rise goods won't be coming into the country
because of the problems with shipping so shops can not sell what they don't have and food shortages because of the simple fact that we import most of the packaging and plastics

 

[TillLindemann]

I am over trading coins I am into staking now $85 US got me a $12K US return the other day but I just have to keep it in there for 7 days

Thats some serious returns. Awesome.


Im gonna research now.

Be careful.

I know the Tax man will get me i have learnt alot about crypto i have people asking me about tips and making money but to learn what i know i have lost a good 30 to 40K in bad trades not reading the white paper not knowing about market cap

It sounds like you're across what you're doing and I honestly wish you all the best man, but I think 99 times out of a 100 when people expect easy 10+ times returns on something it ends in tears.

I think crypto has a fair bit going for it (I started dabbling over 5 years ago). But the psychology of it is setting off alarm bells right now, every man and his dog thinks they're just going to whack in some money and get crazy returns.

Well, your right about alarm bells, these are a threat to every currency and eventually even the US dollar but as far as crazy returns go, I felt like you, for too long stayed invested in gold and saw people get rich with this while I thought I was following convention with my trades, this was sucking up cash from the gold and stock market (seen how little daytime volatility there is since Cryptocurrencies have been in vogue) and gold.

Still not in this game yet and I know I am late to the party but if they don't get outlawed soon they will be to big to fail regards causing serious economic damage and the real threat to this may be from the curtailment of QE or rate rises which is a while off.

So small stakes may clean up for a while in this greater fool theory trade yet. Last time I checked there was 12635 Cryptocurrencies with many trillions of tokens. One just dosent want to be the last one holding the can.

Too much money printing and many of my economic textbooks are obsolete.

Decrease volatility is not caused by money flowing to crypto, it is due to central banks - total market cap of cryptos is approx 2 trillion, which sounds big but it is miniscule compared to the market cap of global stocks (approx 100 trillion).

I'm not saying this to be anti-crypto, I have followed it for years, I think bitcoin can be a good store of value, I think things like dash and litecoin can be good for transactions, there's lots of fascinating ideas and applications in this area. I like the potential for privacy, for ease of use across borders etc. In short I am confident on the tech. But I am not at all confident that people will continue to see good returns in an investment sense, especially as the sheer number of different cryptos proliferates. If the price of something is shooting skywards, then it cannot effectively function as a currency, because people hoard rather than use for transactions.

Too many people are convinced this whole scene is a sure-fire get rich quick scheme. Something can be good technology and a bad investment at the same time. Anyway we'll see and hopefully you guys can laugh at me for being totally wrong. Will be interesting to see how it plays out. Personally I think we are heading in to a period of severe inflation, especially in food/resources/energy prices and this is the space I am investing in right now.

 

[Magpie_Magic]

I am over trading coins I am into staking now $85 US got me a $12K US return the other day but I just have to keep it in there for 7 days

Thats some serious returns. Awesome.


Im gonna research now.

Be careful.

I know the Tax man will get me i have learnt alot about crypto i have people asking me about tips and making money but to learn what i know i have lost a good 30 to 40K in bad trades not reading the white paper not knowing about market cap

It sounds like you're across what you're doing and I honestly wish you all the best man, but I think 99 times out of a 100 when people expect easy 10+ times returns on something it ends in tears.

I think crypto has a fair bit going for it (I started dabbling over 5 years ago). But the psychology of it is setting off alarm bells right now, every man and his dog thinks they're just going to whack in some money and get crazy returns.

Well, your right about alarm bells, these are a threat to every currency and eventually even the US dollar but as far as crazy returns go, I felt like you, for too long stayed invested in gold and saw people get rich with this while I thought I was following convention with my trades, this was sucking up cash from the gold and stock market (seen how little daytime volatility there is since Cryptocurrencies have been in vogue) and gold.

Still not in this game yet and I know I am late to the party but if they don't get outlawed soon they will be to big to fail regards causing serious economic damage and the real threat to this may be from the curtailment of QE or rate rises which is a while off.

So small stakes may clean up for a while in this greater fool theory trade yet. Last time I checked there was 12635 Cryptocurrencies with many trillions of tokens. One just dosent want to be the last one holding the can.

Too much money printing and many of my economic textbooks are obsolete.

Good points.

Decrease volatility is not caused by money flowing to crypto, it is due to central banks - total market cap of cryptos is approx 2 trillion, which sounds big but it is miniscule compared to the market cap of global stocks (approx 100 trillion).

Your right in that sense, I meant more that my sense is that after around 10.15am our market often has far smaller ranges than it had say 10 years ago and many stocks barely move and I believe that can be attributed to Cryptocurrency trading which has attracted the hot money. Stock markets don't have that same cutting edge feel to them they had, once upon a time they were the go to for short term speculation but less so now since Cryptocurrencies. The market cap of Cryptocurrencies is rising and unless the government's ban them or regulate them to relative obscurity they will attract further flows meaning any large devaluation of the space will ripple through to the economy good money after bad.

I'm not saying this to be anti-crypto, I have followed it for years, I think bitcoin can be a good store of value, I think things like dash and litecoin can be good for transactions, there's lots of fascinating ideas and applications in this area. I like the potential for privacy, for ease of use across borders etc. In short I am confident on the tech. But I am not at all confident that people will continue to see good returns in an investment sense, especially as the sheer number of different cryptos proliferates. If the price of something is shooting skywards, then it cannot effectively function as a currency, because people hoard rather than use for transactions.

Agree again but believe that either Cryptocurrencies are a good store of value and a good means of transaction or they are not meaning if they are superior nearly everyone will gradually migrate to the space rendering the holders of currency especially currency of developing nations and people transacting in traditional currencies as using something which the redundant technology, not a good place to be, so I think it is a little binary in that way. Why deal with a bank for instance when you can transact without fees with Cryptocurrencies, something which merchants will grasp quickly.

Too many people are convinced this whole scene is a sure-fire get rich quick scheme. Something can be good technology and a bad investment at the same time. Anyway we'll see and hopefully you guys can laugh at me for being totally wrong. Will be interesting to see how it plays out. Personally I think we are heading in to a period of severe inflation, especially in food/resources/energy prices and this is the space I am investing in right now.

Agree and would like to add I wish everyone trading the space all the best.
I also think government along with its endless currency debasement, and because it hasn't taken a clear stance on this from the very beginning is selling out on all of us. On the one hand holders of Cryptocurrencies buy in good faith and should not have to put up with restrictions in their space later, and on the other holders of traditional currencies can feel that they are being sold out as they have to comply with bank and transaction regulations and fees and and endlessly devalueating real currencies .

Re severe inflation, what numbers are you thinking? Trouble is also that central banks may tweak the way they measure inflation as happened in 1980 which gave them a greater excuse to aggressively push down interest rates and adopt "microeconomic reforms" as as a way to further foster the development of globalization and wealth transfers and asset price inflation. I'm thinking 4 to 5 percent but if central banks use their preffered measure of "core inflation " stripping out energy and food as you say it may not measure as high giving them an excuse for further debasement. I'm also invested in local coal and oil stocks and have done well from WHC lately but hoping for further gains in oil and gas in the coming months.
Gold has been a big disappointment for me and one only has to look at a 10 year chart and it is almost a total inverse in performance to BTC and it can't seem to catch a bid as all the inflation hedge seems to go to Cryptocurrencies atm. (Gold stocks had a good day today however but have been real losers lately). But central banks hold gold so there are many questions worth discussing, so yeah I'm worried because Cryptocurrencies have the potential to turn everything on its head and we will need to get this right.
Crypto could cause 2008-level meltdown, Bank of England official warns

https://www.cnbc.com/2021/10/14/crypto-could-cause-2008-level-meltdown-bank-of-england-official-warns.html?__source=androidappshare

 

[Odessa]

I am over trading coins I am into staking now $85 US got me a $12K US return the other day but I just have to keep it in there for 7 days

There is no such thing as a free lunch, if you are turning 85 bucks into 12k there is a massive catch man. So what is the catch? It sounds sus, or at the very least a massive fluke.

If you have a few spare bucks get on gamezone long term looks great

 

[TillLindemann]

I am over trading coins I am into staking now $85 US got me a $12K US return the other day but I just have to keep it in there for 7 days

There is no such thing as a free lunch, if you are turning 85 bucks into 12k there is a massive catch man. So what is the catch? It sounds sus, or at the very least a massive fluke.

If you have a few spare bucks get on gamezone long term looks great

Hope it goes well mate. Pretty much fully invested in shares at the moment so I will have to give it a miss. PS Odessa is a beautiful city.

Oh PS @Magpie_Magic I didn't reply to your comment above as I thought I was starting to derail the thread and wanted to leave it to pure crypto commentary. But yes I'm leaning towards 4 to 5% inflation at the very least, even with food and energy stripped out, if they are not then closer to 10%.

 

[Odessa]

I am over trading coins I am into staking now $85 US got me a $12K US return the other day but I just have to keep it in there for 7 days

There is no such thing as a free lunch, if you are turning 85 bucks into 12k there is a massive catch man. So what is the catch? It sounds sus, or at the very least a massive fluke.

If you have a few spare bucks get on gamezone long term looks great

Hope it goes well mate. Pretty much fully invested in shares at the moment so I will have to give it a miss. PS Odessa is a beautiful city.

Oh PS @Magpie_Magic I didn't reply to your comment above as I thought I was starting to derail the thread and wanted to leave it to pure crypto commentary. But yes I'm leaning towards 4 to 5% inflation at the very least, even with food and energy stripped out, if they are not then closer to 10%.

Brother on one I got on the other day it started at 2048 percent return APY it's down to 948 ish return now paid daily
And today made $37K and in aweek or so the monther load is coming it will run to Xmas there is alot coming out
Get a meta mask wallet set it up never give anyone your seed phrase or password to start you will need 10k to 12k
To add to the pool and you will get an allocation

Today's pre sale $1Busd got a return of 125 coins
3 hours later it hit the market at $1 AUD

$1 busd got me a return of $125

Crazy crazy crazy

 

[Odessa]

I am over trading coins I am into staking now $85 US got me a $12K US return the other day but I just have to keep it in there for 7 days

There is no such thing as a free lunch, if you are turning 85 bucks into 12k there is a massive catch man. So what is the catch? It sounds sus, or at the very least a massive fluke.

If you have a few spare bucks get on gamezone long term looks great

Hope it goes well mate. Pretty much fully invested in shares at the moment so I will have to give it a miss. PS Odessa is a beautiful city.

Oh PS @Magpie_Magic I didn't reply to your comment above as I thought I was starting to derail the thread and wanted to leave it to pure crypto commentary. But yes I'm leaning towards 4 to 5% inflation at the very least, even with food and energy stripped out, if they are not then closer to 10%.

On the 8 November get on pulse pad it will go big

 

[mike]

CBA to offer 10 crypto currencies through its banking app. Including Bitcoin, Ethereum, Bitcoin Cash and litecoin.

https://www.commbank.com.au/articles/newsroom/2021/11/CBA-to-offer-crypto-services.html

 

[avocadoontoast]

CBA to offer 10 crypto currencies through its banking app. Including Bitcoin, Ethereum, Bitcoin Cash and litecoin.

https://www.commbank.com.au/articles/newsroom/2021/11/CBA-to-offer-crypto-services.html

Crypto is just getting started. Exciting stuff

 

[JD Tiger]

Hey @Odessa, I sent you a DM.

 

[westy81]

I am over trading coins I am into staking now $85 US got me a $12K US return the other day but I just have to keep it in there for 7 days

There is no such thing as a free lunch, if you are turning 85 bucks into 12k there is a massive catch man. So what is the catch? It sounds sus, or at the very least a massive fluke.

If you have a few spare bucks get on gamezone long term looks great

Hope it goes well mate. Pretty much fully invested in shares at the moment so I will have to give it a miss. PS Odessa is a beautiful city.

Oh PS @Magpie_Magic I didn't reply to your comment above as I thought I was starting to derail the thread and wanted to leave it to pure crypto commentary. But yes I'm leaning towards 4 to 5% inflation at the very least, even with food and energy stripped out, if they are not then closer to 10%.

On the 8 November get on pulse pad it will go big

What platform do all you guys use to buy your crypto ?

 

[avocadoontoast]

I am over trading coins I am into staking now $85 US got me a $12K US return the other day but I just have to keep it in there for 7 days

There is no such thing as a free lunch, if you are turning 85 bucks into 12k there is a massive catch man. So what is the catch? It sounds sus, or at the very least a massive fluke.

If you have a few spare bucks get on gamezone long term looks great

Hope it goes well mate. Pretty much fully invested in shares at the moment so I will have to give it a miss. PS Odessa is a beautiful city.

Oh PS @Magpie_Magic I didn't reply to your comment above as I thought I was starting to derail the thread and wanted to leave it to pure crypto commentary. But yes I'm leaning towards 4 to 5% inflation at the very least, even with food and energy stripped out, if they are not then closer to 10%.

On the 8 November get on pulse pad it will go big

What platform do all you guys use to buy your crypto ?

I use Binance.

 

[momo_amp_medo]

I have been using Kraken for some time now …. No problem to report.