NameSilo

10x Your Money In Domains Or Crypto Currency?

Labeled as discuss in General Domain Discussion started by Silentptnr, Nov 28, 2017.

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  1. xynames

    xynames XYNames.com PRO VIP

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    That’s ridiculous. I’ve been accumulating and hodling btc since 2011.

    As far as “I’ll buy at 6000” setting arbitrary buy prices far below current levels for anything - a stock a currency a commodity - is something that usually leads to inaction and not buying anything at all. Even if it does go that low the inexperienced trader will usually come up with reasons for why his buy price should now be even lower. As well even if what you’re trying to do is short term trade you want to hit it when elasticity is high and it’s liable to rebound quickly versus after it’s dropped to too far below support levels.

    So for example btc is at 11500 - it drops to 10900 for the first time for the first drop since hitting the 11500 recent high - that’s the time to hit it when it’s still in a bull mode. Instead the novice trader watches it go back up to 12000 and now thinks okay I missed that run back up I’ll get it the next time but at 10500, his arbitrary price below where it is now. It drops to 10500 but the action that took it back up so quickly is gone and this time the time of the second drop it drops below 10000 after the 10500 buy is filled. Novice trader panics sells at a loss and fills the coffers of some other trader who profits off a different short term trade.

    Just watch the action on any stock currency commodity that has hit recent highs - if it drops it is at the moment of the first sell off when elasticity is high that it’s most liable to jump back up quickly. Standing around with your hands in your pocket until all the bull buyers have left “I’ll buy at 6000” is not the wise way to trade, if trade is what you’re trying to do here and not just talk without ever doing anything.
     
    Last edited: Jul 17, 2019
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  2. LarryDomain

    LarryDomain Top Member VIP

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    Looks to be popping above 10k very very soon..Load up the tank, it's buying time!
     
  3. LarryDomain

    LarryDomain Top Member VIP

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    And just like that, we're at $10600. $11,000 is on the horizon and coming on strong...Sell a limb!! and get on the rocketship. haha
     
  4. xynames

    xynames XYNames.com PRO VIP

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    Haha yes, you've been vindicated!
     
  5. LarryDomain

    LarryDomain Top Member VIP

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    Just touched 11,000! It's going to go ballistic very very fast! Sell your future and load up!!
     
  6. MasterOfMyDomains

    MasterOfMyDomains Top Member VIP ★★★★★★★★★★

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    Whats going on larry?
    Every time i go to pull the trigger the price goes down. I’ll wait till it hits 7 again
     
  7. LarryDomain

    LarryDomain Top Member VIP

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    Looks like it's trading in a range between 9500 and 11,000... so you're going to see a lot of seesaw price action..Leave it to our prez to screw us over with his comments. And the government picking on Libra.. Besides those two temporary hiccups, the ship is still sailing in the right direction. It's loading time!
     
  8. xynames

    xynames XYNames.com PRO VIP

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    Yes but Larry...be careful with your posts you're sounding a lot like a pump and dumper.

    No one knows what is going to happen. The long term BTC is pretty certainly rosy but in the interim...trader beware!
     
    Last edited: Jul 23, 2019
  9. LarryDomain

    LarryDomain Top Member VIP

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    Very true! I did put warnings that it's for entertainment purposes in previous posts. Don't take my comments literally.
     
  10. gotasale

    gotasale Established Member ★★★★★★★★★★

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    If a country with the size of USA wants to bash bitcoin and brings it down . They certainly can do that by a lot of intelligence means.

    So I am not sure about long term investment. What is happening now is a war and you may see prices down and up . It is only a fight with big market makers. But USA trump will happen at the end for sure
     
  11. Silentptnr

    Silentptnr Top Member VIP

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  12. bmugford

    bmugford www.DataCube.com PRO ICA Member VIP ★★★★★★★★★★

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    Yes, the IRS has classified crypto as an asset, not currency. This has major negative ramifications when it comes to taxes.

    Not only are you supposed to pay taxes on realized gains, it is not just cash gains. If you for instance bought (5) bitcoins at $1,000 each then later use those (5) bitcoins to buy a $50,000 car at the time, technically the gains ($45K) should be taxable income.

    For people who think this is fully anonymous, I would think again. If they are able to connect you to a wallet, it is pretty easy for them to get to the bottom of what is going on with the blockchain.

    Brad
     
  13. Keith

    Keith Top Member VIP ★★★★★★★★★★

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    Not only that. If you sell any token and convert to another token, that’s a taxable event. Every single trade is considered taxable, even if usd aren’t involved.
     
  14. Keith

    Keith Top Member VIP ★★★★★★★★★★

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    But here’s the kicker. Unless laws have changed since last year, you can sell at a loss and immediately buy back.

    Example - you bought 1000 tokens at $1 each. You sell 1000 today at .50 and take a 50% loss. You can immediately buy your 1000 tokens back at .50 and claim the loss from the sell off.
     
  15. JayT

    JayT LIFESAVINGS.ONLINE

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    I say both, and 10x is ez. First, I think browser games, html/js/css simple will go mainstream as programming for these type things become modular (wordpress plugins). Everyone will run their own games play on other ppls too - it'll be a more distributed social network than we know now.

    The driving force between this is cryptocurrency and smart contracts, which can drive custom economies, voting aspects, etc in these games. The fortune 500 companies of tomorrow are going to be internet startups, not brick and mortar.

    Domains are probably easier to invest than to pick cryptocurrency. I know which ones I like, and no one seems to like my domains, so this is the last place I would like to talk cryptocurrency, but I will say, there are tons of ways to make money in cryptocurrency other than just buying it.
     
  16. SirDrago

    SirDrago NAME JEDI VIP ★★★★★★★★★★

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  17. ksusha64

    ksusha64 Top Member VIP

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    There are lots of people who made 10X in both and lots who went to 0 in both. Smart people do well in everything they do and vice versa.
     
  18. Silentptnr

    Silentptnr Top Member VIP

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    I havent yet been a part of a 10x investment in crypto, but I have and continue to with domain investing. :)

    I hope to with crypto too though. :)

    It's all fun.
     
  19. xynames

    xynames XYNames.com PRO VIP

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    Like I said...garbage.

    BTC has held its own, XLM is still stuck at 8 cents lately. XRP barely moving too.

    BTC is where the institutions are choosing to invest and that is a large part of the reason for its run up. Institutions not currently interested in the alternate coins.
     
    Last edited: Aug 3, 2019
  20. Levi_charlz

    Levi_charlz Top Member VIP

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    Traditional Money Could Be ‘Surpassed’ By E-Money : IMF Paper

    https://www.imf.org/en/Publications/fintech-notes/Issues/2019/07/12/The-Rise-of-Digital-Money-47097

    A new paper from the International Monetary Fund (IMF) suggests that cash and bank deposits could be left behind as digital money and fiat-pegged cryptocurrencies see greater adoption.

    The Fintech Note, titled “The Rise of Digital Money” and published Monday, looks at how tech firms are increasingly competing with major banks and credit card companies.

    The Financial Conduct Authority (FCA) a financial regulatory body in the UK issued the Final Guidance on Cryptoassets and confirmed a new category ‘E-Money Tokens’

    https://cryptonews.com/news/uk-s-crypto-industry-gets-final-guidance-on-cryptoassets-4356.htm
     

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