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  #221  
Old 22.11.2018, 08:41
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Re: Get started trading crypto currencies

Quote:
Bought at 108, sold most at 17-18k. It's all good.
By value or no of coins?
It would have been very tempting to sell some at x10, x50, x100 before cashing out at 162 times profit.
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  #222  
Old 22.11.2018, 16:13
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Re: Get started trading crypto currencies

By value, I bought at 108 bucks sold most at the level stated. As for why I didn't sell... I couldn't, I would have been happy at 5x. There's a whole story behind my accidental foray into the world of crypto. Thank you Ricardo!
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  #223  
Old 22.11.2018, 16:42
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Re: Get started trading crypto currencies

Amazing how many people manage to buy low and sell high.....


It's so rare to hear about somebody who bought high and sold low though.....
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  #224  
Old 22.11.2018, 17:05
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Re: Get started trading crypto currencies

Quote:
Amazing how many people manage to buy low and sell high.....


It's so rare to hear about somebody who bought high and sold low though.....
those people no longer have access to a phone or pc, so can't reply.
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  #225  
Old 23.11.2018, 07:09
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Re: Get started trading crypto currencies

Quote:

It's so rare to hear about somebody who bought high and sold low though.....
You obviously have not visited YouTube recently.
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  #226  
Old 26.11.2018, 17:01
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Re: Get started trading crypto currencies

Down over another 1000 @$3717 since I recently bumped the thread.
I know I don't get the bigger picture hawevser the next resistance levels are around $3500 if it breaches that then expect $1700 fairly quickly.
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  #227  
Old 04.02.2019, 23:21
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Re: Get started trading crypto currencies

A scary story for crypto investors

Quote:
Crypto trader boss dies with password to clients' £110m

Gerald Cotten, 30, was the only person with passwords to access customers' money - and his wife is now receiving threats.


https://news.sky.com/story/crypto-tr...-110m-11628106
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  #228  
Old 05.07.2019, 15:09
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Re: Get started trading crypto currencies

I'm starting to dabble in some of the new cryptos (e.g. Nano Coin & IOTA) that take advantage of directed acyclic graph (DAG) data-structures. Essentially DAGs enables cryptos to ditch mining and perform secure cryptocurrency transactions that are feeless, instantaneous, and energy efficient (8 million times more efficient than BitCoin).

Who knows if they'll ever get their heyday, but it's a much better and greener technology than BitCoin. And I don't mind supporting it.

I'm also keeping a close eye on the Ethereum update "Ethereum 2.0", which promises to cut its energy use by 99% by switching to "point of stake" transaction verification.
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  #229  
Old 29.04.2020, 08:13
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Re: Get started trading crypto currencies

There were several posts in this thread looking forward to observing bitcoin (presumably price) performance in a future crisis. Well here we all are.

There were also references to it being a value store / trading medium in apocalyptic scenarios when society has broken down significantly. When I thought about this a little more it occurred to me that if society had really degraded to Mad Max levels then so too would the network infrastructure required to trade with bitcoins.

All that being said it is interesting to me for a flutter and might just dip in a toe.
What are the BTC advocates in here using to trade and store? I have some reservations on coin base and it’s wallet.

https://www.google.com/search?rlz=1C...e-gws-wiz-serp

Last edited by Horatio Gonzales; 29.04.2020 at 08:43. Reason: Typoo
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  #230  
Old 30.04.2020, 07:09
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Re: Get started trading crypto currencies

Did you dip your toe? Better be quick: BTC is up 18% in the last 24 hours; +136% since the markets crashed in March, 1.5 months ago.

Coinbase is perfectly fine if you're an occasional trader, and its wallets (touch wood) are very secure. It's not the cheapest option around, though—if you're going to make multiple transactions, the fees stack up. But for a simple buy-and-hodl strategy (don't forget to sell at some point!), Coinbase is a great option
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  #231  
Old 01.05.2020, 20:52
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Re: Get started trading crypto currencies

I since came to realise that Swissquote also trade BTC in EUR & USD.
Their fees:
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  #232  
Old 01.05.2020, 21:20
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Re: Get started trading crypto currencies

Quote:
Did you dip your toe? Better be quick: BTC is up 18% in the last 24 hours; +136% since the markets crashed in March, 1.5 months ago.

Coinbase is perfectly fine if you're an occasional trader, and its wallets (touch wood) are very secure. It's not the cheapest option around, though—if you're going to make multiple transactions, the fees stack up. But for a simple buy-and-hodl strategy (don't forget to sell at some point!), Coinbase is a great option
Not yet, lining up the ducks but as of now still going ahead.

I've decided to go with Swissquote as I'm already set up there.
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  #233  
Old 02.05.2020, 08:01
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Re: Get started trading crypto currencies

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Not yet, lining up the ducks but as of now still going ahead.

I've decided to go with Swissquote as I'm already set up there.
I guess they are offering trading in the real bitcoin and ethereum not the bitcoin futures?

Do you know which exchange they are using?

Also let us know of the fees they take for bitcoin trading.
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  #234  
Old 02.05.2020, 10:29
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Re: Get started trading crypto currencies

• Bitstamp Limited, 5 New Street Square, EC4A 3TW London, United Kingdom (for Ethereum, Litecoin, Ripple and Bitcoin Cash);

• Bitstamp Europe S.A., 10, Rue Antoine Jans, L-1820 Luxembourg, Luxembourg (for Bitcoin).

• Coinbase UK, Ltd and CB Payments. Ltd, 5 Fleet Place, EC4M 7RD London, United Kingdom (for EOS, Stellar, ChainLink, Tezos, Ethereum Classic, Augur and 0x ).

Their FAQ section in English: https://en.swissquote.com/trading/in...yptocurrencies

Transaction amount (CHF equivalent) Fees (%)
5 - 10'000 1%
10'001 - 50'000 0.75%
50'001 - 500'000 0.5%

• Applicable to all cryptocurrencies
• No custody fees
• No stamp tax
• No stock exchange tax


Cryptocurrency Symbol Deposit fees Withdrawal fees
Bitcoin XBT No fees* USD 10
Ethereum ETH No fees* USD 10
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  #235  
Old 02.07.2020, 15:06
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Re: Get started trading crypto currencies

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Not yet, lining up the ducks but as of now still going ahead.

I've decided to go with Swissquote as I'm already set up there.
I started off with Swissquote (I also have an account there) but eventually I wanted to take possession of the cryptos. On Swissquote the coins are held for you on their site and (at least at that time) could not be withdrawn onto a wallet. Have also used Coinbase but now prefer the privacy of ATMs and occasionally F2F purchases. Right now I'm experimenting with Bisq. I like the concept of Bisq that enables one to buy and sell BTC without all this American inspired crap of KYC and AML.

Last edited by spalebärg; 02.07.2020 at 15:17.
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  #236  
Old 23.10.2020, 08:52
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Re: Get started trading crypto currencies

While I had my eye off the ball on Wednesday bitcoin fired up its main rocket engines and blasted off up to a new orbital altitude.

Starting at about US$ 11900 it rose to $13200 before settling in at around $13000 right now.
If anyone has altcoins I imagine they will also be following suit and doing similar or even more impressive gains in the near future.
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  #237  
Old 23.10.2020, 11:02
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Re: Get started trading crypto currencies

Yep, I hodl several altcoins and all of them are up 13–20% this week.

One prediction just before this rally started had BTC touching its all time high around Christmas before falling back again. (Of course, there are other predictions that place the coin at $1 million in 2021...)
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  #238  
Old 24.11.2020, 17:36
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Re: Get started trading crypto currencies

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I wonder how he feels now. BTC went past $19,000 today.

$32 million...
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  #239  
Old 07.12.2020, 16:39
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Re: Get started trading crypto currencies

Does anyone knows what should I do regarding taxes?

3 years ago I bought some coins and today I sold part of them at Kraken and trasfer to my bank account as I plan to buy a new car.

It's really hard to say how much I exactly paid, as I bought during different times.

Thanks!
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  #240  
Old 07.12.2020, 16:58
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Re: Get started trading crypto currencies

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Does anyone knows what should I do regarding taxes?

3 years ago I bought some coins and today I sold part of them at Kraken and trasfer to my bank account as I plan to buy a new car.

It's really hard to say how much I exactly paid, as I bought during different times.

Thanks!
There is no capital gains tax on investments of this sort in Switzerland, so your original price paid is irrelevant. You should have been quoting the value of your coins at 31.12 (using the "closing price") in your wealth tax return every year.
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