Stock market tips and experiences

[kanovic]

.70 doge!! Sick to my stomach that I sold in feb and had 32k coins lol

[TheFanatic]

Originally Posted by kanovic

.70 doge!! Sick to my stomach that I sold in feb and had 32k coins lol

you and me both.

[Dlpfcb]

Anyone in on UMC or is that ship sailed.

[virtualbong]

Originally Posted by kanovic

.70 doge!! Sick to my stomach that I sold in feb and had 32k coins lol

Ouch, I had 5,000 when it was at $0.009 but I sold like the idiot that I am. I did buy back in at around $0.02 so there's still a 1,300% increase!

[mantis]

40% taxes for not holding, 15% tax for holding one year or more. so many selling dogecion without taking this into account.

each sales better cover taxes, and allow you to get back in for more profits.

[XKxRome0ox]

Originally Posted by mantis

40% taxes for not holding, 15% tax for holding one year or more. so many selling dogecion without taking this into account.

each sales better cover taxes, and allow you to get back in for more profits.

just lose more money before the year's end and you don't have to worry about cap gain taxes duh

[virtualbong]

Originally Posted by mantis

40% taxes for not holding, 15% tax for holding one year or more. so many selling dogecion without taking this into account.

each sales better cover taxes, and allow you to get back in for more profits.

You speak the truth

[Humdizzle]

Originally Posted by mantis

40% taxes for not holding, 15% tax for holding one year or more. so many selling dogecion without taking this into account.

each sales better cover taxes, and allow you to get back in for more profits.

i'd probably guess most the people who just jumped into crypto from the hype don't know this. or just don't care. If you make under 100-200k a year your chances of being audited are very slim.

The waters get muddied further since you can use crypto to buy things directly without needing to cash out through a bank like you would with stocks

[XKxRome0ox]

Originally Posted by Humdizzle

i'd probably guess most the people who just jumped into crypto from the hype don't know this. or just don't care. If you make under 100-200k a year your chances of being audited are very slim.

The waters get muddied further since you can use crypto to buy things directly without needing to cash out through a bank like you would with stocks

most of the people are buying through crappy brokers like Robinhood who don't actually give you the coin to place in your own wallet
you're just betting on the price of the crypto going up or down
so they're all going to get dinged with tax liability because you can only buy or sell, can't use the actual crypto as currency

[antzcrashing]

Originally Posted by XKxRome0ox

most of the people are buying through crappy brokers like Robinhood who don't actually give you the coin to place in your own wallet
you're just betting on the price of the crypto going up or down
so they're all going to get dinged with tax liability because you can only buy or sell, can't use the actual crypto as currency

True, but if RH makes good on its promise, these holdings will roll into wallets. I trust coinbase to be secure, but it doesn't support doge yet

[XKxRome0ox]

Originally Posted by antzcrashing

True, but if RH makes good on its promise, these holdings will roll into wallets. I trust coinbase to be secure, but it doesn't support doge yet

Robinhood has shown time and time again that it is not the retail investor's friend
i won't hold my breath

[kanovic]

Originally Posted by virtualbong

Ouch, I had 5,000 when it was at $0.009 but I sold like the idiot that I am. I did buy back in at around $0.02 so there's still a 1,300% increase!

Yea my average was .026. I just try not to think about it but it is what it is. I went back in at .10 and have average up to .27 have about $2500 in it and making $3600 with only 9800 coins. God I wish I never sold

[antzcrashing]

So what are your plans heading into the DOGE earnings report (Elon live on SNL with musical guest Miley Cyrus)?

[mantis]

Originally Posted by antzcrashing

So what are your plans heading into the DOGE earnings report (Elon live on SNL with musical guest Miley Cyrus)?

hodl, when dogecoin hits $150.00, im a millionaire lol

[Humdizzle]

after having been out of crypto for a couple years i jumped back in. im more patient this time around after riding the highs and lows of the stock market. i sold 1.4 eth for 1400 way back when crypto crashed in 2018 lol.

wish coinbase had doge available.. time to setup a binance acct.

[antzcrashing]

It SNLdoge day

[mantis]

Originally Posted by antzcrashing

It SNLdoge day

this will probably put Dogecoin into 3rd place forcing bianace to 4th. dogecion will make huge waves for traditional coins and markets.

$1+

[unluky]

Originally Posted by Humdizzle

after having been out of crypto for a couple years i jumped back in. im more patient this time around after riding the highs and lows of the stock market. i sold 1.4 eth for 1400 way back when crypto crashed in 2018 lol.

wish coinbase had doge available.. time to setup a binance acct.

good luck. I tried to set up and fund a Biance account this week, what a freaking nightmare.

Trying to get it canceled was even worse.

Say what you want about Robin Hood and coinbase oh, they do make it easy to get started. TD Ameritrade was pretty damn good too.

[antzcrashing]

How you guys weathering the mkt storm? I had 2 calls on vxx (fear index) which shot up today, sold one kept one. I also own a tiny SQQQ (short the nasdaq) as hedge. This prob isn't a short term thing thou

[XKxRome0ox]

Originally Posted by antzcrashing

How you guys weathering the mkt storm? I had 2 calls on vxx (fear index) which shot up today, sold one kept one. I also own a tiny SQQQ (short the nasdaq) as hedge. This prob isn't a short term thing thou

GME does not follow the market so i'm good
lol


might buy some SPY calls tomorrow

[Humdizzle]

Originally Posted by antzcrashing

How you guys weathering the mkt storm? I had 2 calls on vxx (fear index) which shot up today, sold one kept one. I also own a tiny SQQQ (short the nasdaq) as hedge. This prob isn't a short term thing thou

No choice but to hodl it out. i'll probably use the time to diversify. i'm heavy into the tech/nasdaq/S&P side of things so the last couple months have been a little rough.

i probably need to add some industrials to my portfolio mix.

[Busa Dave]

Have not seen potential evolving market conditions like this in years. I am and have been in a substantial cash position for some time. Right now is not the time to catch the falling knife.

The wash sale rule is going to get quite a few amateur momentum "traders" I am afraid before this is over. Only time will tell.