Register a SA Forums Account here!
JOINING THE SA FORUMS WILL REMOVE THIS BIG AD, THE ANNOYING UNDERLINED ADS, AND STUPID INTERSTITIAL ADS!!!

You can: log in, read the tech support FAQ, or request your lost password. This dumb message (and those ads) will appear on every screen until you register! Get rid of this crap by registering your own SA Forums Account and joining roughly 150,000 Goons, for the one-time price of $9.95! We charge money because it costs us money per month for bills, and since we don't believe in showing ads to our users, we try to make the money back through forum registrations.
 
  • Post
  • Reply
Yossarian-22
Oct 26, 2014

don't daytrade. just buy and hold something with "safe" or "elon" or "doggydildo" and wake up wealthy in a month

Adbot
ADBOT LOVES YOU

Yossarian-22
Oct 26, 2014

i say swears online posted:

yes. when daytrading it's important to buy in when an asset hits all-time highs.

the op should have unironically bought dogecoin at its ath when this was posted and they would have profited

Yossarian-22
Oct 26, 2014

The best time to buy crypto will be after the inevitable crash when everyone declares crypto dead

Yossarian-22
Oct 26, 2014

if you want to ape into an all time high of a massive ponzi scheme that still has room to expand buy safemoon instead of doge. if i had just held my original $100 investment back in march instead of selling at $600 i would have $20,000 by now

Yossarian-22
Oct 26, 2014

i'm in on bonfire, 100x, safemoon, and so many shitcoins that have never gone anywhere that i've lost track. but i'm up $4000-$5000 or so having not invested much so i'm just ride or die atm. there is a bernie coin i bought that dipped hard and it's probably good to get in on it right now if you have any inkling that it could go anywhere

Yossarian-22
Oct 26, 2014

indigi posted:

how much of a loving headache would all this poo poo be come tax time? like if I'm not opposed to the idea of speculating on nonsense I definitely am opposed to doing more paperwork

it would be one, which is why i just keep my winnings in stablecoins and commit myself to not selling anything until/unless it's so much mega profits that i can hire a legendary tax accountant to figure all this poo poo out for me

Yossarian-22
Oct 26, 2014


even if i knew that doge would reach bitcoin price in the future this is making me not want to buy it out of spite

Yossarian-22
Oct 26, 2014

indigi posted:

looking at price history if you bought 5 years ago you’d have closer to a 10000% ROI

hoge (not doge) coin and safemoon were both instant 10000% ROIs and so was the stupid elongate shitcoin that elon's tweet helped launch, and each of those multipliers took less than a month. i'm pretty sure a few other coins with "safe" in them did the same. poo poo is incredibly stupid right now if you play your cards right and get in at ground floor. on the other hand there are honeypots that are impossible to pull your money out of and rugpulls where the shitcoin dev just takes out everything and the value collapses to essentially 0, so that's fun

if i was smart i'd probably just use my winnings to invest in ethereum but i won't so i will either make boatloads or lose it all, or enough of both that i will essentially remain where i'm at

Yossarian-22 has issued a correction as of 09:31 on Apr 29, 2021

Yossarian-22
Oct 26, 2014

Smythe posted:

doge is approaching its ath. lets see how this plays out

That stupid Elon Musk SNL sketch will push it past 50 cents over the coming week imo

Yossarian-22
Oct 26, 2014

punished milkman posted:

i suddenly have $300 in ETH on binance. should i turn it into doge? i need real investment advice ASAP. no clowns, only crypto geniuses respond please

Long term, hell no. At the rate ETH is going that poo poo could take bitcoin's place

Don't listen to me though I'm always wrong about everything. I think ETH and Doge are probably both great investments this week. ETH just pumped a ton and may pull back but there is so much hype for ETH right now that it may well go up to 4000-5000

Yossarian-22
Oct 26, 2014

I know that if I wait for the doge/eth dip they will never dip and that if I buy them now that they will dip

Yossarian-22
Oct 26, 2014

Smythe posted:

this is why hodl

I am waiting for my shitcoins to blow up again so I can afford at least 1 eth. I am committed to spending no more of my own money

Yossarian-22
Oct 26, 2014

buy more and then sell when it dips

Yossarian-22
Oct 26, 2014

The best part about this is BTC is tanking again

Yossarian-22
Oct 26, 2014

https://coinmarketcap.com/currencies/cumrocket-crypto/

Yossarian-22
Oct 26, 2014

Smythe posted:

i shoulda bought this poo poo when u 1st posted it lmfao. gently caress me!!

and you should have bought it when you posted this too

poo poo already has a 300 million marketcap which means i won't buy it and it'll probably reach safemoon levels as a result

Yossarian-22
Oct 26, 2014

cumshitter posted:

this is a good sign. you just have to sell before everyone else. and to do that you only need to be a little bit smarter. this is basically free money

jokes on you, we're all complete idiots here

Yossarian-22
Oct 26, 2014

Smythe posted:

wanted to buy some of the cum coins but it turns out their website is nws????? will have to wait till I get home for this transaction.... also not quite sure how but i will learn.....

there was a 50% dip earlier that i missed and it immediately shot back up :(

i think if you time it somewhere between .15-.20 you'll probably get free money. not financial advice

Yossarian-22
Oct 26, 2014

Smythe posted:

honestly lol oi think ima just buy a bunch of random trash / altcoins and hodl incase one of them goes kaboom. got insanely lucky with doge so im feeling good about it lol. gently caress it. no mods no masters

You'll be super early buying either of these.

https://www.hotdogetoken.com/

https://dogefather.space/

Pretty sure the latter of these is a surefire insane pump this weekend with the dumb SNL sketch, and hotdoge is one of the rare stupid shitcoin dog tokens I bought a week ago that didn't die somehow? Hoge also good longterm but it's on the ETH network so you have to pay gas fees up the rear end. It made me like $800 off a $15 dollar investment and now that doge hype is back it seems to be doing things again.

There are also popular Akita/Shib coins on ETH that are likely to pump again, and safemoon is having an extremely good day today after dumping for about a 1-2 weeks which means whales may have exited their positions, in which case every stupid coin with "safe" in it is likely to pump. My guess is we're having a week of insane euphoria after which we'll see tons of blood again, so I'm planning to sell some of my profits and then reenter when I think the bottom hits again.

The insane volatility of shitcoins has done things for my mental health so I'm really hoping to make enough that I can just buy at least 1 ETH and then just hold longterm for the sake of my blood pressure

Yossarian-22 has issued a correction as of 23:23 on May 5, 2021

Yossarian-22
Oct 26, 2014

i say swears online posted:

political betting markets seem way more fun and a better way to spend my time not looking at janky graphs tbh

wouldn't it be pretty rare to 10x your money though? you would literally have to predict an outcome with a 10% chance of happening. in crypto you get to just buy random poo poo and hodl and hope that this insanely inflated bubble doesn't burst

Yossarian-22
Oct 26, 2014

Pump of 100x seems to be happening, youtube influencer backed token https://poocoin.app/tokens/0x016c285d5b918b92aa85ef1e147498badfe30d69

Edit: dude is having a livestream and announced NFT poo poo for celebrities/athletes and already has a bunch of athlete endorsements. Looks like more is coming. Glad I got into this poo poo weeks ago

Yossarian-22 has issued a correction as of 01:09 on May 6, 2021

Yossarian-22
Oct 26, 2014

punished milkman posted:

how do i buy this dumb bullshit

edit: okay i’ll convert my doge into usdt and then move it into this random website “pancakeswap” this seems totally legit

lol the dogefather people got the wolf of wallstreet guy and they claim they have a times square ad coming up https://www.youtube.com/watch?v=BARpR2l863w

i now own 583 cummies

Yossarian-22 has issued a correction as of 04:45 on May 6, 2021

Yossarian-22
Oct 26, 2014

cumshitter posted:

its short term, high risk investing. and the casino never closes, so youre watching that graph nonstop, or watching the price flip back and forth between green and red. it sounds like it could be fun as hell or incredibly nerve wracking depending on your disposition

it's both and an insane combination of euphoria and actual like, emotional crashes when what you are holding dips a ton. it's pretty insane because you have poo poo like safemoon having dips of 66-75% before breaking all time highs and then you never know when the top is. it's like the volatility of typical crypto times a thousand

Yossarian-22
Oct 26, 2014

pretty sure safemoon is on its way to smashing its all time high and doing insane poo poo based on how crazily it's pumping right now. might never be this cheap ever again if you wanna hop in now

Yossarian-22
Oct 26, 2014

punished milkman posted:

i hopped on and i have no idea what’s going on

number go up

Yossarian-22
Oct 26, 2014

a new study bible! posted:

IDK seems hard to believe that any shitcoin will blow up if you can't just go to robinhood and buy it. Seems like this model relies on dumdums being able to easily buy them and if they can't it might just be a pipe dream.

This only SEEMS true because americans have the lovely version of binance (binance.us) whereas plenty of people in asia/europe/people with VPNs are able to use the good version and do so on the regular, and if you have binance and metamask it's easy as hell to buy shitcoins on the binance smart chain. they literally go up in value 10x or 100x on the regular, and if you follow the apebrained idiots on reddits like cryptomoonshots or satoshistreetbets and/or the trending coins on poocoin you can eventually get a feel for it. The problem is that you will probably get so much euphoria from your first 10x/100x that you will start doing stupid poo poo and lose it all, but it's easy as hell to get it back

I just bought a coin that's trending on cryptomoonshots right now called "uranus explosion" and while it could easily be a scam, it seems like a good bet for a crazy meme multiplier now that safemoon/mars/etc. is pumping. And I'm early enough in the coin (only like $200,000 market cap atm) that simply putting in a tiny portion of profits I've made from other stuff can be enough for massive profits a couple of days from now.

The question is when the gently caress the top will be and if these are all telltale signs of an imminent bubble burst or if we've only just started. @_@ Always take profits and convert to usdt when you can.

The real pipedream is poo poo like safemoon and these other shitcoins reaching a dollar. There is so much euphoria around these coins right now because they are teeny tiny fractions of a cent but safemoon would need to be thousands of times more valuable than bitcoin in total marketcap to get there.

Yossarian-22 has issued a correction as of 02:53 on May 7, 2021

Yossarian-22
Oct 26, 2014

Alobar posted:

i'm not sure if i've posted this in this thread because i feel like a broken record sometimes saying this, so maybe this is the last time i'll use this metaphor for a while

but a few years ago i felt like living in america was feeling like slowly going up the first hill of a rollercoaster and hearing the clicking get slower and slower

clickclickclickclickclickclick...clickclickclick....clickclick......click.....click...

last year was like "and we're off :yaycat:"





we're on a race against time to save the world from the most truly evil people the world has ever known, and we can't do it if we're poo poo-broke, boys, we gotta be BALLIN




and also specifically, to the people in this thread saying "but it's not on robinhood??" i think this has been said already but i want to reiterate that the idea is to buy the shitcoin before it's easily available. if safemoon gets to 1 cent, then i'll be rich, but also people will be like "oh hey, this is the new coin, huh? i should get in while the getting's good" but we got in multiple decimal points ago.


https://www.youtube.com/watch?v=yoYZf-lBF_U

"once i get it i'ma put it on my people"

you will lose so much money with this attitude if you aren't careful but i enjoy the sincereposting lol

indigi posted:

post a step by step guide on how the gently caress to buy safemoon. does coinbase do anything? they’re advertising all over Duolingo rn

Safemoon is a potentially good investment now in part because it isn't on exchanges as big as coinbase yet. By the time it gets taken that seriously, it will probably already be too late to make the biggest gains on it.

The easiest way to buy crypto by far if you haven't before, imo, is just to buy bitcoin on cashapp, transfer it to either binance/binance.us, convert to BNB (binance bucks), and then transfer over to metamask extension. Then you use pancake swap to swap your binance bucks for safemoon or whichever of the many shitcoins you desire on the binance smart chain. You do not need to verify personal info with binance UNLESS you want to buy anything with your credit card. As long as you are just exchanging one coin for another you can just provide an email address.

https://academy.binance.com/en/articles/how-to-get-started-with-binance-smart-chain-bsc

So basically worry about getting binance bucks onto your metamask account first (some people like trustwallet, idk) with either cashapp->binance (careful vpn use required)->metamask OR cashapp->binance.us->binance wallet extension->metamask and only worry about exchanging for safemoon after that. It's kind of a pain to get set up and sounds extremely complicated but once you have you're golden. Just set a spending limit for yourself and then commit to only use those funds if you wanna be financially responsible, and be conservative at first until you have a decent bag.

Make sure to follow the guide I posted because metamask defaults to the ERC-20 (ethereum) network, so it's a whole thing just transferring funds. QR codes make it a lot easier and faster thankfully

Yossarian-22 has issued a correction as of 09:53 on May 7, 2021

Yossarian-22
Oct 26, 2014

cumshitter posted:

lol do you have to do Know Your Customer stuff with any of these various places youre transferring money or is this completely fly by night poo poo?

basically KYC is only if you actually buy poo poo. if you move things through the exchange (i.e. bitcoin you have already bought from cashapp or elsewhere) just to exchange one coin for the other you literally just need an email address and you can use a phone number if you want to do 2FA. just about every "legit" crypto is on binance (most importantly binance bucks, now the third most valued crypto behind only ETH and Bitcoin), whereas you need pancake swap/metamask to acquire the real garbage.

binance is in singapore and i've seen racists whine about losing their funds to "the chinese" when they fail to transfer their coins properly in or out. i've hosed up on a few occasions too but it's usually not their fault in my experience

real crypto heads recommend buying a usb cold wallet over exchanges for security's sake since exchanges have been hacked before, which might be worth it if you make enough that you can own a whole ethereum or bitcoin. but right now i'm willing to lose everything i've put in.

Yossarian-22
Oct 26, 2014

oh yeah, the most fun part of using a vpn is that sometimes you forget to get on it beforehand, binance (not binance u.s.) recognizes you are on a u.s. ip, and then you can't use it for at least 24 hours and you need to delete cookies/cache :v:

i've developed something of a pain tolerance from doing this

Yossarian-22
Oct 26, 2014

moron/ape hype is literally the biggest fundamental. you gotta peak into telegrams of the respective coins and get a sense of how much coke the people in it are doing and make sure the admin is somewhat accountable. they usually have a video by an influencer or something that causes a huge pump and then a major dump will happen after

ufc fighters are gonna wear 100xcoin paraphernalia on saturday. dogefather token has a times square billboard now and will likely pump/dump like crazy because of snl, and stupid elon related tokens like elongate will probably pump as well

there are literally no rules to this poo poo and it's fun owning millions or trillions of coins that are worth fractions upon fractions of a cent that will either make you thousands or be completely worthless in less than a week's time

Yossarian-22
Oct 26, 2014

meanolmrcloud posted:

so sweet, I get 25 bucks into cash app, buy 20 bucks of bitcoin, which is .00003 btc and get set up to transfer it out. only, the problem is, you see, you have to transfer out .0001 at a time, roughly 57 dollars. I don’t want to spend 57 dollars on safe moon, I want to spend 20 dollars on safe moon.

i recommend spending at least $100 because there are stupid fixed conversion/transfer fees rather than percentage fees. once your stupid coins multiply you'll be happy you did, although safemoon has a decent chance of dumping a decent amount after the insane pump yesterday. i'd say odds are it will break ath today or this weekend though

again don't listen to me for financial advice though i'm a brokebrained idiot who got lucky a few times. uranus explosion was a rugpull and the dev made off with the bag :(

Yossarian-22
Oct 26, 2014

nomad2020 posted:

Without looking into it further, it looks like the individual behind Uranus ExplosionCoin is an industrious little fucker. A whole list of *Coins with 99% similarity. 96% similarity with a couple of known scams. E: or bugs, again not looking further into it.

https://tokensniffer.com/token/0x7229e84064c95951111a497f22a0c7e65283eb18

Tokensniffer is basically useless. Those aren't other coins by the same person but rather coins with similar tokenomics that have been flagged as scams. There are plenty of coins that "pass the sniff test" but which end up being rugpulls because the devs just end up copying the same formula from successful shitcoins. There are smarter people than me who know how to do real due diligence with sniffing out the scammiest of the scams but ultimately, forget it Jake, it's shitcoins

Yossarian-22
Oct 26, 2014

cool av posted:

this is the smartest way to do this (other than not touching it)

Yeah this, and also selling everything the first time you are like "no way this can't be happening" with an investment and becoming more of an irresponsible degenerate after you have enough that you can afford to be one

Yossarian-22 has issued a correction as of 23:44 on May 7, 2021

Yossarian-22
Oct 26, 2014

Placeholder post because I accidentally triple posted on the toilet

Yossarian-22
Oct 26, 2014

cumshitter posted:

thats not accurate. if youre registering an account with a service/brokerage/bank or whatever you want to call it that helps you exchange cash for stocks (which the IRS considers crypto to be, for tax purposes) then you need to have your identity verified to open it. regardless of whether you actually end up placing trades

assuming you want to be square with the IRS, if a company isnt demanding that information from you then it's on you to track it. exchanging cash to bitcoin, bitcoin to altcoin, and altcoin to altcoin are all taxable events. it is no different from exchanging cash for stock and then shares of stock for other stocks.

even if you have no plans to report it its probably a good idea to keep your own (secure, hidden) records in case of a future audit. also just so you have data on your own transactions

i'm aware that none of what i'm doing is anonymous but by no kyc i mean they literally didn't have me verify my identity in any way aside from giving my email/number. the tax issue will definitely be daunting down the line if it comes up so i'll have to plan ahead. i imagine once i check that box confirming that, yes i did buy crypto in the past year, the floodgates are basically all open yeah? i've heard that it's less of an issue if you just don't sell anything but idk if that's bullshit or not, and i definitely wouldn't want to be caught lying to the irs, so it's definitely an issue that concerns me

soon we'll have tiktok tax accountant influencers who only get paid in crypto

Yossarian-22 has issued a correction as of 10:58 on May 8, 2021

Yossarian-22
Oct 26, 2014

Alobar posted:

something called shib is poppin off right now

i don't have any money at the moment to put in on it, but if you want to "get in while the getting's good" then uhh...it's up a lot from yesterday

shib and hoge are on the eth network which has insane gas prices, but they're both doing really well atm yeah

Yossarian-22
Oct 26, 2014

cumshitter posted:

i want to circle back to this. what do you mean its not an issue if you dont sell? how do and the people youre conversing with about taxes define selling?

i ask because it sounds like youre getting advice from people in the crypto community about taxes and that is the last place i would go for tax advice.

i mean selling your holdings for actual us dollars. i imagine that selling one crypto for another or for crypto tether bucks is a transaction worth recording but that literally and truly cashing out would create a potential problem with the irs and would need to be reported

also lol that snl was a flop, but hey he said "dogefather" and my dogefather coin cratered and then rocketed right back up!

Yossarian-22
Oct 26, 2014

cumshitter posted:

it is. its beyond my understanding because i am not an accountant. but if you are exchanging things that have value with another party then you need to account for what you have gained or lost. even if it's a perfect $0.00 exchange you need to document it, because you are exchanging things the IRS considers to be securities like stocks

most of what i do is recorded as transactions on metamask and believe me, there are a lot of them. it's disgusting how many there are

my thinking is that i'll make sure i have access to them and then just hope that i'm in a don't ask, don't tell situation until i start to sell my crypto for usd in piecemeal, and by then i'd hope to have a binder or something. i'm still wondering whether i should check that box and confirm that yes, i did buy crypto in the past year though. would it be a big deal to leave it blank next year?

Yossarian-22
Oct 26, 2014

i bought "yeet" and "elonsperm" and they are both mooning. working is pointless

Adbot
ADBOT LOVES YOU

Yossarian-22
Oct 26, 2014

My shitcoin portfolio is approaching 10k

  • 1
  • 2
  • 3
  • 4
  • 5
  • Post
  • Reply