Is anyone else starting to become a bit excited?

As always buying the dip never fails

TheMilkyPirate wrote: »

Saying the bad crypto podcast is a bit anti establishment is like saying Hitler was a bit anti semetic. It's a good listen even though they have started to shill NFCs a lot lately. I still don't really get the whole space but do regret not trying to get the street fighter cards when they mentioned they were launching.

The street fighter cards were giving away a free NFT every day for a week or so before the sale, that's how I got involved. So my wax wallet was already set up by the time the sale came.
There will be plenty of other NFTs to get involved in, seems to be new ones mentioned every week

Let's see if this peak is higher than the previous peak, or if its a slow decline

Irish_rat wrote: »

Explain taking profits. Converting into fiat is not.

I'd imagine selling something at a higher price than you bought it would be considered taking profits

OEP wrote: »

I'd imagine selling something at a higher price than you bought it would be considered taking profits

Yes but the minute you put it into fiat you are losing money.

Irish_rat wrote: »

Yes but the minute you put it into fiat you are losing money.

So if I sell 1 bitcoin now for fiat and buy say 1.2 bitcoin in a few weeks or months time with the same amount of money, I'm losing money?

This seems a bit bullish:

NEW YORK/LONDON (Reuters) - Bitcoin rose nearly 7% on Monday as risk assets rallied after last week's bond rout cooled, with Citi saying the most popular cryptocurrency was at a "tipping point" and could become the preferred currency for international trade.

With the recent embrace of the likes of Tesla (NASDAQ:TSLA) Inc and Mastercard Inc (NYSE:MA), bitcoin could be at the start of a "massive transformation" into the mainstream, the investment bank said.

Goldman Sachs (NYSE:GS), meanwhile, has restarted its cryptocurrency trading desk and will begin dealing bitcoin futures and non-deliverable forwards for clients next week, a person familiar with the matter told Reuters.

https://www.investing.com/news/technology-news/bitcoin-is-at-a-tipping-point-citi-says-2433029


I guess someone at Citi might have just taken a large position.

Bob24 wrote: »

I don’t know if people want to call it losing money, but you will have paid 33% CGT on the gains related to your first transaction (meaning you will have to bring additional money to offset what Revenue took from you if you want to complete the second transaction).

Fair enough but unless you're going to hold your crypto forever, you'll have to pay cgt

cnocbui wrote: »

Only if you don't have a cunning plan.

Yes but the original comment was saying converting to fiat is not taking profits, seemingly regardless of avoiding tax

Thargor wrote: »

What do ye reckon lads are things consolidating at these high levels before the next leg up or are we entering a decline like the last spike? Im looking at the all time charts for ETH and BTC and I honestly cant decide.

I’d say we are about to head to the moon. (BTC will, ETH likely join it because ETH.)

Thargor wrote: »

What do ye reckon lads are things consolidating at these high levels before the next leg up or are we entering a decline like the last spike? Im looking at the all time charts for ETH and BTC and I honestly cant decide.

The bullrun hasn't even started yet.

the last week....meh, all people new to this, I've been there, imo just hold and dca, we've seen this a hundred times, 3 years ago was nuts and very disappointing obviously but with the amount of corp investment and deals with visa and MC now and every day there are more news items about acceptance, I think that this is only going one way this year, I'll set my crazy sell limits to get my initial investment out (2/5 done in the last month) and then I'll continue to DCA forever..... its been a roller coaster but quite the blast

I've made 5 x my initial investment in 3 years, beat that BOI you ****es .... I know unneeded but that annoyed me today

the only reason I put up my profit is for new people to the space that...... its volatile.... try not to panic on the dips and for the love of God only or in your spare cash, do NOT bet the house on this crazy ride....

OEP wrote: »

Fair enough but unless you're going to hold your crypto forever, you'll have to pay cgt

Agree, not selling to avoid CGT is a deferral game.

Now, some people might have a strategy to defer forever (with low interest rates, many rich people roll-over loans against their assets rather than selling to defer CGT liabilities indefinitely) or to defer until they are in a friendlier tax jurisdiction. And also even without those strategies, every time time you trigger CGT early you are killing some of you compounding power (irrelevant if you are a short term trader, but important if you are a long term holder).

Another 1 million sats stacked and thrown into cold storage for 5+ years.

What wallet do people reccomend storing your crypto? Have been looking at atomic wallet, is this safe and reliable?