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So,amateur hour....
Coinbase only has 4 options, what are you guys using to but the other currencies not on coinbase?
I use Binance.. has tons of others to choose from but you have to trade in bitcoin or eth.. so buy either with coinbase and send it to binance to do so. Do you guys normally stick with the major players on coinbase or venture to the other smaller coins? I made some $ with litecoin but now only deal with ethereum and the alt coins.

There is a lot of money to be made and many will tell you to buy and leave it be, not try to day trade.. I agree. But there are also lots of "pump and dump" things happening with the alt coins.. I had stop losses trigger yesterday and sold most of my currency before it all tanked. Got to work this morning and put a lot back in and cashed out with 1600 in profit today alone before the pumps turned to people selling everything back off. I trade back to ethereum when not chasing these sharp rises.. but you can lose your arse just as fast as you can make $. I have only ever put 500$ into crypto, and have made several thousand.. been very lucky. But I would be okay with waking up to 0$ knowing I only put in 500 vs the people mortgaging homes and taking out loans to try and make it rich.. if you will miss the money you want to put into this venture I'd think twice! I have heard horror stories! Good luck!

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Just don't forget about short term gains tax. I want to day trade but it can be a huge pain keeping up with all of it. Especially when trading Ltc or ether for other coins since every transaction is a taxable event. Hoping the IRS will consider it a like-kind trade but it's still not clear cut.
 

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Just don't forget about short term gains tax. I want to day trade but it can be a huge pain keeping up with all of it. Especially when trading Ltc or ether for other coins since every transaction is a taxable event. Hoping the IRS will consider it a like-kind trade but it's still not clear cut.
True.. uncle sam gotta break it off in your *** no matter what you do! Most of the exchanges you are able to download your trade history very easily.. I figure if I make decent returns consistently it would be worth just handing a stack of the trade history to the tax man and paying extra to get it taken care of. I try not to day trade a lot because it's so easy to lose, but some opportunities I can't help myself but take advantage of. When I do i generally only do 1-2eth worth of a coin.. just enough to make decent money but not lose too much before I can get out.

Also, for those that may want to day trade here's a tip. I am by no means a social media person, but Twitter seems to be the main source of chatter about these coins. If you search around you can find when the coins are having big press releases or partnership announcements or whatever it may be and use that to kinda guide you as to whether you may see a good spike soon, such as a coin being issued on a new exchange that has a lot of volume. Time that by which country the exchange is native to, ie Korea or China, and you will know appx what time they will start buying or selling according to their local time.

This is all a huge pain and just holding onto the coins is much easier and generally profitable, but the trading is fun and it's pretty sweet to watch your money go up by big percentages in short Time! As long as those percentages are in the + of course!

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3% Daily in Bitsequence

Here is a investment site that several of my friends and i have been playing in for the last few weeks or so and its really cool. its called bitsequence.biz and it pays 3% a day indefinitely. I started low and adding slowly but it is amazing to have daily profits that you can cash out or reinvest. If anyone is interested here is a link https://www.bitsequence.biz/?ref=Jmorgan87
I use coinbase and buy litecoin or bitcoin there and then transfer it via my wallet to bitsequence and invest. They have live support as well that makes it very easy to communicate with.
 

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Here is a investment site that several of my friends and i have been playing in for the last few weeks or so and its really cool. its called bitsequence.biz and it pays 3% a day indefinitely. I started low and adding slowly but it is amazing to have daily profits that you can cash out or reinvest. If anyone is interested here is a link http://www.bitsequence.biz/?ref=Jmorgan87
I use coinbase and buy litecoin or bitcoin there and then transfer it via my wallet to bitsequence and invest. They have live support as well that makes it very easy to communicate with.
I did a little research on this Bitsequence suggestion. This is the basis of their payback model:

  • Referral system giving you 5% of each referral's deposits + 10% of each referral's accruals for life!

Based on this and other things that I read, it appears that Bitsequence is a Pyramid scheme that uses cryptocurrency instead of US Dollars.

The entire purpose of a Pyramid scheme is to get your money and then use you to recruit others like you and get their money too. In a Pyramid scheme, existing investors are compensated by the contributions of new investors. The Bitsequence model is a mirror of a Pyramid scheme.

In the US, a Pyramid scheme is a fraud. Bernie Madoff is the current poster child for this type of fraud.

In case some are wondering, might Bitsequence be a legit Multi-Level Marketing Model?

Good try, but Bitsequence also fails the definition of a Multi-Level Marketing company (e.g. Amway) because there is no product or service being sold by Bitsequence.

I want no part of any Pyramid scheme like Bitsequence.
 

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I did a little research on this Bitsequence suggestion. This is the basis of their payback model:

  • Referral system giving you 5% of each referral's deposits + 10% of each referral's accruals for life!

Based on this and other things that I read, it appears that Bitsequence is a Pyramid scheme that uses cryptocurrency instead of US Dollars.

The entire purpose of a Pyramid scheme is to get your money and then use you to recruit others like you and get their money too. In a Pyramid scheme, existing investors are compensated by the contributions of new investors. The Bitsequence model is a mirror of a Pyramid scheme.

In the US, a Pyramid scheme is a fraud. Bernie Madoff is the current poster child for this type of fraud.

In case some are wondering, might Bitsequence be a legit Multi-Level Marketing Model?

Good try, but Bitsequence also fails the definition of a Multi-Level Marketing company (e.g. Amway) because there is no product or service being sold by Bitsequence.

I want no part of any Pyramid scheme like Bitsequence.
Actually, bitsequence works by compound interest. You lend money to investors the same as you would with a stock brokerage firm and the money they make off of you the give you 3% in return each day. The way I see it Ive thrown a little bit of money in there and get 3% a day regardless of referrals. So no referral is even needed to make money. If you do create a team you do get team bonus daily accruals. As of right now I have no one under me as all the people that I know that have invested in this have done it on their own.
Definitely do your research though, some of these websites arent what they are cracked up to be. So far I find it really cool taking my daily interest and reinvesting. There are going to be people that love it and make a lot of money and there will be people that think cryptocurrency is a fluke and will phase out and come up with excuses as to why they dont invest.
I wouldnt suggest doing as some people i have seen and mortgaging their house and using that money to buy bitcoin.
 

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some of you might want to look at Pirl Coin.

early in the game. Going to be big imo. smart contract based with master nodes and same Hashing algorithm as Ethereum
 

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We're gonna need a bigger boat!!!
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Discussion Starter · #93 ·
So I know that many are skeptical out there so just wanted to give an update. I bought $20k of BTC a couple months ago and then followed my sons advise on buying some alt coins. Cashed out 1.2 BTC when it hit $19,800 then bought a little back when it dipped to $13,600. So far, I got all of my money out and have another $30k in my Bittrex account. I'm not about to get a mortgage out on my home but I am glad I listened to him.

And following up on my son's hedge fund...he has two other partners with him and is getting close to operational. Capital Parity is what it's called for those who may be interested. Although he says it would be difficult to repeat his returns for 2017, I know his ROI was over 2000% for the year on a $13k investment.
 

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I bought ripple and stellar a little while ago and they both shot up over the last month. I would do some research on stellar "XLM". Has some decent potential. Currently have stakes in

Btc
Eth
Ltc
Xlm
Xrp
Kin

If you're interested in alt coins just watch some YouTube videos. Purchasing them isn't difficult just takes some time at first then there's nothing to it.
 

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Xrp will crash.. it is running off of hype 100% right now.. don't get me wrong I made some good returns on it but I do not believe in it and have a feeling it will get dumped leaving a lot of new investors holding the bag..

On another note, what are you guys invested in?

I'd look into REQ , VEN, and ICX.. ICX has some big announcements coming up and when it is released on Korean markets it's gonna go boom. Others I mentioned have a very good Outlook and some real world uses too. Do your own research!

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I bought ripple and stellar a little while ago and they both shot up over the last month. I would do some research on stellar "XLM". Has some decent potential. Currently have stakes in

Btc
Eth
Ltc
Xlm
Xrp
Kin

If you're interested in alt coins just watch some YouTube videos. Purchasing them isn't difficult just takes some time at first then there's nothing to it.
X2 on XLM.. if FairX exchange goes as planned we will make a killing on it.. on top of the killing we have already made on it especially in the last few days.

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Xrp will crash.. it is running off of hype 100% right now.. don't get me wrong I made some good returns on it but I do not believe in it and have a feeling it will get dumped leaving a lot of new investors holding the bag..

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Not according to BoA!! I own XRP so lets go! =]
 
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