Bitcoin and the new financial world....or something like that

[mudski]

How do you go about cashing in your Bitcoins or whatever for real money?

Transfer from your account your trading through into your bank account. Quite simple.

[10G]

Transfer from your account your trading through into your bank account. Quite simple.

Nah, can't follow you. I'll PM you my bank details. I reckon if you transfer some to my account, that will clear it up for me. Thanks maaaaaaaate.

[MudRunnerTD]

DOGE is cooking well at the moment. Elon musk tweeted I last week ans it has been very active. Saw a 200% raise on Saturday then last half of that. Bought on Sunday and I'm up 34%

[jay see]

I'm up about 400% since early February. Don't trade as there are taxes that will need to be paid on any gains that are transferred to bank accounts, well that's my understanding will speak to the tax man went we do our tax.

For now I'm happy just to hold and add a little when there's a dip.

I did look at this a few years ago when Bitcoin was around $250, was going to put in $1000, if only....

Sent from my CPH1979 using Tapatalk

[mudski]

DOGE is cooking well at the moment. Elon musk tweeted I last week ans it has been very active. Saw a 200% raise on Saturday then last half of that. Bought on Sunday and I'm up 34%

Yeah you gotta be quick. I didn't buy in and I think if I do now the benefits won't be that great. Buy low and sell high, as you think it will go, (and not get greedy and then all of a sudden its too late, been there), so you don't lose your initial investment.

I'm currently using Coinspot and just waiting for a few of my Alts to come back up as theres been a lot of red in the charts in the last two weeks, once I've gotten some back on those I will be selling and switching to Binance i think. Other things have taken priority in life at the moment so I haven't been watching a much as I should and have missed some great opportunities to makes some good coin.
Not too fussed though, it will still be there when I get back into it.

[mudski]

I'm up about 400% since early February. Don't trade as there are taxes that will need to be paid on any gains that are transferred to bank accounts, well that's my understanding will speak to the tax man went we do our tax.

For now I'm happy just to hold and add a little when there's a dip.

I did look at this a few years ago when Bitcoin was around $250, was going to put in $1000, if only....

Sent from my CPH1979 using Tapatalk

Hindsight is a wonderful thing....

[Cuppa]

All seems like a bit like one of those pyramid schemes mixed with a lottery to me. You might get lucky, but inevitably at the expense of someone else's loss. An indictment on the modern 'I'm alright Jack' world we live in is how I see it. I guess riches are not for me.

[Touses]

You crypto guys will have to keep a close eye on world news.
Turkey has banned the use of crypto currencies and crypto assets to purchase goods and services.

Don't know if they're the first but good bet they won't be the last.

[mudski]

All seems like a bit like one of those pyramid schemes mixed with a lottery to me. You might get lucky, but inevitably at the expense of someone else's loss. A indictment on the modern 'I'm alright Jack' world we live in is how I see it. I guess riches are not for me.

Crypto trading is pretty much like share trading, but the main difference is the prices move fast, real fast. I took 400% on one coin in the matter of hours, then, that same coin dropped that and then some in the next hour. If you know your shizz, there's big money to be had. I don't, I'm still learning and don't put the time required into it to make it it, so I make a little money.

[Cuppa]

Crypto trading is pretty much like share trading, but the main difference is the prices move fast, real fast. I took 400% on one coin in the matter of hours, then, that same coin dropped that and then some in the next hour. If you know your shizz, there's big money to be had. I don't, I'm still learning and don't put the time required into it to make it it, so I make a little money.

Do you have a bookmaker too? People say you can get real rich once you work out a system.