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Post by Big L on Jan 22, 2021 18:55:44 GMT -5
Coin back on the rise today boys!
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Post by Hotman on Jan 23, 2021 14:11:05 GMT -5
yes. coinbase is linked to your checking account (ideally one that you set up just for coinbase). when you buy cryptos on coinbase, they take the funds from your checking account. when you sell cryptos on coinbase, they deposit the proceeds to your checking account. Bubble.... what does that mean? |
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Post by southparkcpa on Jan 23, 2021 18:19:48 GMT -5
I believe crypto’s will fall in value .... they are backed by nothing. ITs a bubble IMO. |
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Post by shakin on Jan 23, 2021 18:30:39 GMT -5
I believe crypto’s will fall in value .... they are backed by nothing. ITs a bubble IMO. what is the dollar backed by |
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Post by southparkcpa on Jan 23, 2021 20:33:14 GMT -5
I believe crypto’s will fall in value .... they are backed by nothing. ITs a bubble IMO. what is the dollar backed by US Government ..... |
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Post by DDNYjets on Jan 23, 2021 20:44:52 GMT -5
I believe crypto’s will fall in value .... they are backed by nothing. ITs a bubble IMO. It is. But its a bubble that deflates instead of bursting which lets it fill up again. Just gotta know when to hop in. Bitcoin is like Tesla stock imo. None of it makes sense but people believe it in so much that you can ride the hype if you know how. |
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Post by shakin on Jan 23, 2021 20:46:50 GMT -5
what is the dollar backed by US Government ..... lol the one actively and intentionally destroying the value of the dollars in your pocket right now by infinity printing currency i'd rather be backed by "nothing" |
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Post by DDNYjets on Jan 23, 2021 20:48:57 GMT -5
lol the one actively and intentionally destroying the value of the dollars in your pocket right now by infinity printing currency i'd rather be backed by "nothing" The entire market cap for crypto is under $1T. The US govt could buy it all and nobody would ever know. Personally I think its the Chinese that are running most of this shit. |
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Post by shakin on Jan 23, 2021 20:53:35 GMT -5
lol the one actively and intentionally destroying the value of the dollars in your pocket right now by infinity printing currency i'd rather be backed by "nothing" The entire market cap for crypto is under $1T. The US govt could buy it all and nobody would ever know. Personally I think its the Chinese that are running most of this shit. yeah it broke a trillion right before this last correction the chinese are big in bitcoin and bitcoin mining... they're not 'running' the serious altcoins but yes you'd be hard pressed to find a leadership team for any of the that didn't include someone chinese. frankly that's where the brainpower is, we all know it |
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Post by Big L on Jan 23, 2021 21:29:46 GMT -5
Crypto replaces conventional bank ledgers. The big banks will have to accept it and buy in or die fighting.
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Post by Big L on Jan 23, 2021 21:32:45 GMT -5
Of course a few strategically placed orbital nukes will wipe it all out, and bring the world back to the Stone Age.
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Post by DDNYjets on Jan 23, 2021 21:33:42 GMT -5
Crypto replaces conventional bank ledgers. The big banks will have to accept it and buy in or die fighting. They will buy it all up before it ever becomes a threat. |
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Post by southparkcpa on Jan 24, 2021 8:15:32 GMT -5
lol the one actively and intentionally destroying the value of the dollars in your pocket right now by infinity printing currency i'd rather be backed by "nothing" The entire market cap for crypto is under $1T. The US govt could buy it all and nobody would ever know. Personally I think its the Chinese that are running most of this shit. As a CFP I would say anyone who puts more than 4 percent of their investible assets in cripto is not prudent. It is not investing it is speculating. I have clients ask me to buy it for them and I refuse. I tell them withdraw the money and open your own account. The IRS just added cripto ti it’s list of activities likely to attract an audit. |
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Post by Big L on Jan 24, 2021 16:17:18 GMT -5
The entire market cap for crypto is under $1T. The US govt could buy it all and nobody would ever know. Personally I think its the Chinese that are running most of this shit. As a CFP I would say anyone who puts more than 4 percent of their investible assets in cripto is not prudent. It is not investing it is speculating. I have clients ask me to buy it for them and I refuse. I tell them withdraw the money and open your own account. The IRS just added cripto ti it’s list of activities likely to attract an audit. I’m not suggesting nor do I condone tax fraud, but how would the IRS know you have crypto..... |
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Post by Hotman on Jan 24, 2021 16:20:52 GMT -5
As a CFP I would say anyone who puts more than 4 percent of their investible assets in cripto is not prudent. It is not investing it is speculating. I have clients ask me to buy it for them and I refuse. I tell them withdraw the money and open your own account. The IRS just added cripto ti it’s list of activities likely to attract an audit. I’m not suggesting nor do I condone tax fraud, but how would the IRS know you have crypto..... Interested in this. What does that mean |
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