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periopdoc said:
There is no wash sales rule in crypto. You can sell BTC and re-buy it immediately, and lock in the loss. I do this in my non-retirement trading account all the time. It makes the down days more palatable, and opens up opportunity for taking short term gains without getting raped.
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Nice. Actually one advantage for crypto. I don’t know what transactions costs (bid/ask and commissions) are for crypto, but if low, I would be ruthless about tax loss harvesting if I owned any.
 
Ethereum is red hot. Many traders/investors are now realizing Ethereum is the true Crypto platform with the potential to go up 10-20 X from here. Bitcoin is just a store of value with less upside (maybe 2-3 x up from here).
 
Shimmy8 said:
Why the ETH spike over last week but BTC flat?
Click to expand...

We've been saying ETH is better this whole time. It has been consolidating for weeks so it was due for a big run. More ETH is being burned each day. NFTs and defi are hot. Unlike ADA, DOT and SOL, people actually use ETH.

I'm not sure about 10-20x from here LoL, but I'll be happy if it does. Maybe in ten years IMO.
 
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Oh I've increased my ETH significantly in the last 2-3 months, but for the most part ETH and BTC have run relatively in the same direction...this week seemed to diverge so was just curious what the folks who are more knowledgeable thought.
 
Shimmy8 said:
Oh I've increased my ETH significantly in the last 2-3 months, but for the most part ETH and BTC have run relatively in the same direction...this week seemed to diverge so was just curious what the folks who are more knowledgeable thought.
Click to expand...

BTC over 50k now so the charts look now similar again.
 
The weekend pump started already. How high will SOL go?
 
So, I am interested in opening a second Crypto brokerage account to buy Ethereum, SOL and USDC. Voyager is offering 9% on my USDC if I stake it with them. Coinbase is 4%. If I want to buy Ethereum, SOL and USDC should I stick with Coinbasepro or go with Voyager?

9% on $500K is a fantastic return vs bonds or CDs. 4% is still very good and Coinbase is a know entity. Thoughts? Opinions?


www.fool.com

How Risky Is Coinbase's 4% Interest Rate On USD Coin? | The Motley Fool

This 4% APY stablecoin could serve as a nice complement to Bitcoin and Ethereum.
www.fool.com www.fool.com
 
SOLANA

Even top cryptocurrencies are prone to huge pricing swings, and it's difficult to chart future pricing action for Solana with a high level of confidence. The stellar gains for SOL could set the stage for a significant pullback, but it's also possible that it will keep gaining ground if the underlying network and currency continue to attract attention from developers and crypto enthusiasts.


Investors should move forward with the understanding that most cryptocurrencies are still high-risk, high-reward plays. Solana's focus on project building (like cryptocurrency exchanges and NFT platforms) suggests that its token might be more sound on a fundamental basis than many other tokens that only function as digital currencies and aren't tied to development and application networks. But it could still be prone to volatile swings in the near term.


www.fool.com

Here's Why Solana's Cryptocurrency Is Skyrocketing Today | The Motley Fool

The price per token for Solana's SOL is now up roughly 8,270% year to date.
www.fool.com www.fool.com
 

September rates are almost here. The Voyager Earn Program is bringing you up to 12% on your crypto. Stack top coins like ADA, DOT, VGX, and BTC to earn rewards. Get ready, full September rates will be released on 9.1.​

renderTimingPixel.png

r/Invest_Voyager - September rates are almost here. The Voyager Earn Program is bringing you up to 12% on your crypto. Stack top coins like ADA, DOT, VGX, and BTC to earn rewards. Get ready, full September rates will be released on 9.1.
 
It isn’t staking you are putting your money up for unsecured leveraged loans and the rates reflect that. I would view these as high risk investments akin to an unsecured microloan for a fundraising internet cause or some sort.
 
chessknt said:
It isn’t staking you are putting your money up for unsecured leveraged loans and the rates reflect that. I would view these as high risk investments akin to an unsecured microloan for a fundraising internet cause or some sort.
Click to expand...

I was wondering where this 9% came from.
 
BLADEMDA said:
Ethereum is red hot. Many traders/investors are now realizing Ethereum is the true Crypto platform with the potential to go up 10-20 X from here. Bitcoin is just a store of value with less upside (maybe 2-3 x up from here).
Click to expand...

What is the timeframe for this 10-20x? You're telling me my 90k worth of ETH could become 900k-1.8mil?
 
mentos said:
What is the timeframe for this 10-20x? You're telling me my 90k worth of ETH could become 900k-1.8mil?
Click to expand...

Historical Eth prices on oct 1.


2016: $11
2017: $306
2018: $197
2019: $184
2020: $386
Today $3900

Obviously I don’t have a crystal ball but I don’t think it will 10x in the near future. Still it’s a long play for me with money I am willing to lose.
 
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chessknt said:
It isn’t staking you are putting your money up for unsecured leveraged loans and the rates reflect that. I would view these as high risk investments akin to an unsecured microloan for a fundraising internet cause or some sort.
Click to expand...
Yes and no. Much of what you see is indeed what you describe. However you can stake ethereum (yourself, or with an exchange which will take a cut) currently for a 5.7% yield. This is a guaranteed 5.7% and truly is safe (barring some unknown vulnerability/error in ethereum itself), but it of course pays out in ethereum and there is a lock-up period so it’s more like a CD than a high yield account. A good option if you are ok with not being able to sell ethereum in the next year or so (during which ethereum might increase or decrease in value).

When you get 9% for “staking” USDC etc.then yes, you are taking on a risk proportional (at least) to the 9% and it certainly is not the same risk profile as a high yield savings account or CD. I do not recommend this to anyone as the risks aren’t readily apparent (though most assuredly are there) and as a result it is difficult to assess whether the reward is sufficient.

As always, be careful when mania rears its head and realize crypto has (frequently) had 80% crashes over the years. Don’t invest more than you are comfortable losing, this isn’t the stock market and there is no guarantee of things going back up in the long run. I’m still holding, just saying be careful.
 
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Can anyone explain how BTC has kept going up, despite decreasing volume since July?
 
GassYous said:
I don't know why people ascribe any value to it whatsoever
Click to expand...

Minted 28.3 Trillion in tokens, 1% of HODLers own 40% of it, no market cap, airdrops happening a lot lately, and white paper keeps getting rewritten and it's confusing. Oh and they keep minting tokens like crazy.







That is the US dollar by the way.
 
mentos said:
Minted 28.3 Trillion in tokens, 1% of HODLers own 40% of it, no market cap, airdrops happening a lot lately, and white paper keeps getting rewritten and it's confusing. Oh and they keep minting tokens like crazy.







That is the US dollar by the way.
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You forgot to mention that it has nuclear missiles and aircraft carrier groups behind it.
 
Mman said:
And the ability to force >100M taxpayers to foot the bill for it
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The loss of purchasing power (inflation) that results from deficit spending is the hidden tax that doesn't lose re-elections while still allowing redistribution. The debt will never be seriously addressed.
 
Shimmy8 said:
So is anyone actually currently staking ETH?
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Yes I have 23 staked. It's gone from +53% to -60% to +41%. Looks like it may be negative again soon.
 
gasdoc77 said:
The loss of purchasing power (inflation) that results from deficit spending is the hidden tax that doesn't lose re-elections while still allowing redistribution. The debt will never be seriously addressed.
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interestingly inflation has not really kept up for going on decades now
 
Mman said:
interestingly inflation has not really kept up for going on decades now
Click to expand...
perhaps not to the degree that one might expect (due to globalization combined with the refusal of the fed to acknowledge "volatile" assets), but the costs (valuations?) of things such as housing, healthcare, food (not fast "food"), education, stocks, vehicles, etc have certainly inflated.
 
Are physicians on J1 or H1b allowed to invest in cryptocurrency?
If yes, are they allowed to do staking or minting or even leverage loan? since this one will be categorized as ordinary income?
 
Is this the September dip? Anybody buying?
 
There may be some survivorship bias but I was looking at the 1 year and 5 year charts for some of the most popular coins, including some s*** coins like Dogecoin and shiba inu coin. 90% of them are up over the past year, many of them have 10x-100x in the past 5 years. For many millenials, crypto is one of few means of getting a leg up. I do believe it is a secular trend.
 
It sure got quiet in here. Are we still bullish? If it's supposed to go 5-20x from here then we should all be loading up right now right?
 
● It is certain.
● It is decidedly so.
● Without a doubt.
● Yes definitely.
● You may rely on it.		● As I see it, yes.
● Most likely.
● Outlook good.
● Yes.
● Signs point to yes.		● Reply hazy, try again.
● Ask again later.
● Better not tell you now.
● Cannot predict now.
● Concentrate and ask again.		● Don't count on it.
● My reply is no.
● My sources say no.
● Outlook not so good.
● Very doubtful.
 
Modifications to Wash Sale and Disguised Sales rules ($16b) Includes transactions involving cryptocurrency in these general tax rules, to treat cryptocurrency the same as other financial instruments and to prevent taxpayer abuse of the rules.


Proposal from the House Democrats
 
mentos said:
It sure got quiet in here. Are we still bullish? If it's supposed to go 5-20x from here then we should all be loading up right now right?
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You think these prices are good? They still seem way overpriced IMHO. For example, Solana:

$159.01-

I wouldn't consider buying into SOL until $130 or less. This isn't a correction typical of Crypto which is at least a 30% pullback.
 
BLADEMDA said:
You think these prices are good? They still seem way overpriced IMHO. For example, Solana:

$159.01-

I wouldn't consider buying into SOL until $130 or less. This isn't a correction typical of Crypto which is at least a 30% pullback.
Click to expand...

No, I'm not buying anymore unless we see BTC 28k ETH 1800 ADA 1.20 again.
 
I promised to come back when ETH is a good price. I'm back.

Last time I was here, I mentioned the September dip. It is here.

The low should be between today and Friday. Anything below 3k is a good price on ETH, and probably the last chance to see that for a long time, probably forever.

I'll be re-buying my positions that I closed at 50-51 on BTC and 4 on ETH. I plan to hold these until they hit long-term cap gains territory.
 
The bull trap hypothesis isn't void until we set a new ATH, but the price action is very, very bullish. Today's dip is exactly what we were looking for, exactly when we were looking for it.

Would like to see 43.5 hold, 40.7 is a must hold.
 
Loading up as much as I can.

Just made a decent chunk payment to student loans so don’t have a ton to play with, but I guess that’s a good hedge/balance ha!
 
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