Active market traders

[NorwichGrad]

Funny, this was my intent for a long time to do exactly this, convert a big chunk to silver. I'm still kind of in this camp but feeling what I hold (mainly Eth) may still make a good run. Perhaps something will set it back for a while, but thinking I sit nicely on this one for now and when I feel it gets to certain level convert some of that as well. I havn't followed the other metals but would look into those in such a scenario as well. Saw a recent vid how Peru (biggest copper producer?) expect to get a new socialist leader announcing 70% tax on that industry (copper), and Chile steadily decreasing output 2-5% per yr. China imports 50% of the worlds output and only has 1/5 the production of Peru. Add to this that a bunch of coming green techs need it...prices may go nuts. I haven't done my own research yet, just saying there may be some great oppurtunities in other physical assets I need to dig deeper into.

You will do just fine with eth. Here’s why:
Investing is also emotional. Many new investors feel it’s too late to get into bitcoin because it’s already at 60K. So they will seek the next best thing. So many newbies have gone into eth. It will hit 10k this year. It already hit 4K. Barring any black swan / false flags, it will continue up. But consider other alt coins for when Eth run stops. And never be afraid to take profit.

Regarding copper, there are gubmint propaganda stating that copper is a better metal than silver. They’re copper has better metallic properties than silver.

This is not true. Silver has the best metallic properties. This is why it has at least 10,000 uses as an industrial, medical, technological and financial monetary metal.

You can see how the oligarchs are pushing their green agenda. Silver will be key to include cryptos that are green.

[eomrat]

Please read this for what its worth.

The infernal revenue STASI are very, very interested in Crypto's.
Please do not get fooled into believing that your platform is somehow safe from intrusion and or Requests for Financial Records.

I am not suggesting anyone would attempt to intentionally avoid paying their taxis, I am just recommending that people be aware of their liabilities. Some research into the various ways that they can reduce or avoid that liability would be beneficial.

Seems like a lot of you folks earn a great deal more money than I do and I am sure you already have tux lawyers or the like, but for those who are finding new wealth from crypto's trouble with the dicks in Treasury is sure to follow if you are not wise.

And as always, Shop Smart, Shop S-Mart

[NorwichGrad]

Please read this for what its worth.

The infernal revenue STASI are very, very interested in Crypto's.
Please do not get fooled into believing that your platform is somehow safe from intrusion and or Requests for Financial Records.

I am not suggesting anyone would attempt to intentionally avoid paying their taxis, I am just recommending that people be aware of their liabilities. Some research into the various ways that they can reduce or avoid that liability would be beneficial.

Seems like a lot of you folks earn a great deal more money than I do and I am sure you already have tax lawyers or the like, but for those who are finding new wealth from crypto's trouble with the dicks in Treasury is sure to follow if you are not wise.

And as always, Shop Smart, Shop S-Mart

Exactly!! This is why the new SEC chair is now bringing up regulations. This is why Ripple was sued (more like fake sued) by Clayton on his last day at SEC. A precedent was set. This is why doge was pumped, to justify that many cryptos are $hitcoin and thus must be regulated.

There are thousands of cryptos. Many will fall of the space. Only a few will survive. Those smart enough to identify cryptos with utilities, and those who have diamond hands, will come out winners at the end. But they will also end up paying lots of taxes.

So the Libertarian in me will always scream "Taxation is theft and gubmint is evil." Because it's the truth.

But the pragmatic father and husband in me are also smart enough to say "Imma be wealthy someday. And when I become a multimillionaire and cross that bridge, I will worry about how to circumvent taxes legally."

Until then, I will keep stacking the physical shiny, I will keep filling my bags with cryptos with both utilities and NO utilities, and I will keep prepping by becoming as self-sufficient as much as possible.

I am sure you have heard about the pipe line getting cyber attacked. You know deep down this is a false flag. You know deep down our own gubmint is behind this. You know deep down our own gubmint will cyber attack the current financial system to usher in the next reset. And deep down you know that the fiat dollar is more toxic than all cryptos combined, which is why we are always at war - to force countries to use the petrodollar.

Gubmint hates competition. Of course they will regulate and tax. And if these two fail - gubmint will kill. Just ask Saddam and Khadaffi.

[Mark1T]

Please read this for what its worth.

The infernal revenue STASI are very, very interested in Crypto's.
Please do not get fooled into believing that your platform is somehow safe from intrusion and or Requests for Financial Records.

I am not suggesting anyone would attempt to intentionally avoid paying their taxis, I am just recommending that people be aware of their liabilities. Some research into the various ways that they can reduce or avoid that liability would be beneficial.

Seems like a lot of you folks earn a great deal more money than I do and I am sure you already have tax lawyers or the like, but for those who are finding new wealth from crypto's trouble with the dicks in Treasury is sure to follow if you are not wise.

And as always, Shop Smart, Shop S-Mart

Good advice, EO. One of the major concerns about crypto is that organized crime syndicates use them to launder money. There are many layers of organized crime. It is interesting and would shock anyone who realizes just how massive it is and it is getting bigger and bigger and the current US laws are friendly to crime. One part is the border surge and as an example, very recently border agents caught 5 Chinese professionals, i.e. engineers and scientists crossing the US/Mexican border as opposed to coming to the US legitimately. They paid the Mexican Cartels $50,000 each to get them across. Why? The answer is nothing good.

Chinese crime syndicates work hand-on-hand with the drug cartels in Mexico and S. America such as China supplies ******** to the Mexican cartels and the Mexican Cartels have started to lace even weed with it to make it addictive and also lethal.

This is why, IMO, the border is more than a crisis for the US and both parties need to address this fast.

[NorwichGrad]

Good advice, EO. One of the major concerns about crypto is that organized crime syndicates use them to launder money. There are many layers of organized crime. It is interesting and would shock anyone who realizes just how massive it is and it is getting bigger and bigger and the current US laws are friendly to crime. One part is the border surge and as an example, very recently border agents caught 5 Chinese professionals, i.e. engineers and scientists crossing the US/Mexican border as opposed to coming to the US legitimately. They paid the Mexican Cartels $50,000 each to get them across. Why? The answer is nothing good.

Chinese crime syndicates work hand-on-hand with the drug cartels in Mexico and S. America such as China supplies ******** to the Mexican cartels and the Mexican Cartels have started to lace even weed with it to make it addictive and also lethal.

This is why, IMO, the border is more than a crisis for the US and both parties need to address this fast.

Money laundering, just like climate change, is just an EXCUSE.

The federal reserve is the biggest money laundering machine in the history of mankind. We have gone to many illegal wars to maintain the hegemony of the petrodollar. Bitcoin has a huge target on its back because experts say it produces lots of CO and uses lots of electricity. Our debt far exceeds are GDP thanks to the criminal fed.

If you recall, for example, obama paid cash to the iranians to the tune of 1.7 billion in fiat.

Don't fall for the money laundering narrative. Gubmint can track down crypto users with no problem. Cryptos are not as anonymous as they are claimed to be.

[induced_drag]

One of the major concerns about crypto is that organized crime syndicates use them to launder money. .

This is a totally false narrative.

Crypto is MUCH easier to track than other forms of money. This is an argument floated by people who are either anti-crypto or dont understand it.

Given network transparency and EVERY transaction ever made being on a public ledger that ANYONE can see without warrants or court orders, it is not a good medium to try to launder money.

Imagine what it would take to investigate a true money laundering syndicate. Court order bank records from several entities, transaction records from payment producers, business tax returns, and the many layers of places you can receive and process payments.

Vs any person here can investigate every transaction ever made on the block chain. No court orders required. Combine this with the govt ability to tie other transactions in...and you start getting wallet id's and it is a very easy process. It is also very easy to go back in time and do this retroactively.

[Mark1T]

Money laundering, just like climate change, is just an EXCUSE.

The federal reserve is the biggest money laundering machine in the history of mankind. We have gone to many illegal wars to maintain the hegemony of the petrodollar. Bitcoin has a huge target on its back because experts say it produces lots of CO and uses lots of electricity. Our debt far exceeds are GDP thanks to the criminal fed.

If you recall, for example, obama paid cash to the iranians to the tune of 1.7 billion in fiat.

Don't fall for the money laundering narrative. Gubmint can track down crypto users with no problem. Cryptos are not as anonymous as they are claimed to be.

Big G, not falling for a narrative. I have years under my belt working with FinCEN and OFAC. I am sticking with every word I wrote Money Laundering is not in the same category as Climate Change as it relates to reality.

[Mark1T]

This is a totally false narrative.

Crypto is MUCH easier to track than other forms of money. This is an argument floated by people who are either anti-crypto or dont understand it.

Given network transparency and EVERY transaction ever made being on a public ledger that ANYONE can see without warrants or court orders, it is not a good medium to try to launder money.

Imagine what it would take to investigate a true money laundering syndicate. Court order bank records from several entities, transaction records from payment producers, business tax returns, and the many layers of places you can receive and process payments.

Vs any person here can investigate every transaction ever made on the block chain. No court orders required. Combine this with the govt ability to tie other transactions in...and you start getting wallet id's and it is a very easy process. It is also very easy to go back in time and do this retroactively.

We can also disagree, i.e. false narrative. Even though I find cryptos fascinating and becoming a part of life and eventually i will take part with the right opportunity, I won't defend dubious activities, ever.

[steffo99]

Thanks for the tax advice. I've been careful to register each transaction since the start in an old school spread sheet and declare everything to our tax authority each year. I just did't want any future headaches and to feel at ease knowing I have some form of records if they do decide to take a closer look. Over here I think it is 5 yrs one should keep documents for.

[induced_drag]

I won't defend dubious activities, ever.

Are you saying I am 'defending' any part of laundering money?. I am saying that crypto is a TERRIBLE medium to attempt to do that.

With AML and KYC regulations that have come into place over the last several years, it will become even harder to do also.

It is not the days of the Silk Road any longer. Criminals use things they can exploit. Crime is nothing new.

All I am saying is that crypto is a terrible medium to launder money. Most intelligence agencies would prefer if all crime used crypto since it is much easier to track.

And....all it takes is one slip of a transaction for a wallet owner to be revealed and YEARS of hard evidence are all laid out.

[OldFartTom]

I disagree, Nothing is truly "new" but I think they are a useful tool (out of many different tools) for laundering. The benefit is the speed and diversity at which they can be layered (placement = getting money in, layering = moving about to obfuscate the trail, and extraction = exactly as it sounds). Yes I get that centralised/decentralised ledgers exist (for each technology not overall) which is a disadvantage compared to traditional approaches such a network of cash rich businesses or unnecessarily complex business/trading transactions, but a higher level of layering complexity and a way more arduous trail with non cooperating jurisdictions can be achieved at less cost using crypto as part of the journey. There's people who used to accept 40% losses to achieve totally "clean" money, so if you can get that % down people are interested. I do agree though it's not some magic wand technology.

[Mark1T]

Are you saying I am 'defending' any part of laundering money?. I am saying that crypto is a TERRIBLE medium to attempt to do that.

With AML and KYC regulations that have come into place over the last several years, it will become even harder to do also.

It is not the days of the Silk Road any longer. Criminals use things they can exploit. Crime is nothing new.

All I am saying is that crypto is a terrible medium to launder money. Most intelligence agencies would prefer if all crime used crypto since it is much easier to track.

And....all it takes is one slip of a transaction for a wallet owner to be revealed and YEARS of hard evidence are all laid out.

Of course I am NOT accusing you or anyone here of defending money laundering. True, crime is nothing new. My point is that crypto s being exploited by criminals (not that you don't know) as an alternative and diversification of using all cash.

[NorwichGrad]

I disagree, Nothing is truly "new" but I think they are a useful tool (out of many different tools) for laundering. The benefit is the speed and diversity at which they can be layered (placement = getting money in, layering = moving about to obfuscate the trail, and extraction = exactly as it sounds). Yes I get that centralised/decentralised ledgers exist (for each technology not overall) which is a disadvantage compared to traditional approaches such a network of cash rich businesses or unnecessarily complex business/trading transactions, but a higher level of layering complexity and a way more arduous trail with non cooperating jurisdictions can be achieved at less cost using crypto as part of the journey. There's people who used to accept 40% losses to achieve totally "clean" money, so if you can get that % down people are interested. I do agree though it's not some magic wand technology.

Of course I am NOT accusing you or anyone here of defending money laundering. True, crime is nothing new. My point is that crypto s being exploited by criminals (not that you don't know) as an alternative and diversification of using all cash.

Anything of 'value' can be used as in any money laundering and ponzi schemes. That includes gold and silver. Let's not forget that Jesus Christ was betrayed with 30 pieces of silver.

The point remains that:

a. Gubmint and central banks remain the biggest criminals of all. No matter how one slices and dices data.

b. It's okay for us taxslaves to want to make money.

Which brings us all back to the original intent of John's thread: To make money.

ID and I and Steffo can choose to use cryptos to build wealth. Nothing wrong with that.

The rest of you can use stocks and bonds to build wealth. Nothing wrong with that, either.

As long as we are all profiting, no matter how big, no matter how small, we are all fighting the same corrupt system as it continues to enslave humanity. You may or may not agree with this statement, but that's the truth. Elon, your favorite democrat, your favorite republican, jerome powell, and even the new SEC chair DO NOT care about us.

[ChazWood]

Other than goats, I also have real life Doges.

haha! Dude, that is epic. Oh how I wish the world wasn't so fuked ATM so you could pursue your natural calling.

[NorwichGrad]

haha! Dude, that is epic. Oh how I wish the world wasn't so fuked ATM so you could pursue your natural calling.

LMAO! Thanks bruh.

Because the world is so fukked up, I have actually found reason to use my weirdness to try to unfukk it. Hahaha.

[induced_drag]

GREAT buying opportunity for BTC. Get it while you can!

[NorwichGrad]

GREAT buying opportunity for BTC. Get it while you can!

There was a time when I kinda liked Elon because he appeared to be Libertarian.

His actions lately lead me to believe he is a globalist just like most well known billionaires.

He single handedly tanked bitcoin when he announced Tesla will no longer accept BTC. It’s interesting how he did it the night before the SEC hearing on XRP.

One thing we can all agree on. These globalist scumbags pulling the levers clearly do not want any of us to be wealthy.

Yes. I will be getting BTC. Always buy the dip. Always do the opposite what the crowd is doing.

Elon / Tesla is just one entity.

May Tesla stock crash as well.

[sakustoms]

There was a time when I kinda liked Elon because he appeared to be Libertarian.

His actions lately lead me to believe he is a globalist just like most well known billionaires.

He single handedly tanked bitcoin when he announced Tesla will no longer accept BTC. It’s interesting how he did it the night before the SEC hearing on XRP.

One thing we can all agree on. These globalist scumbags pulling the levers clearly do not want any of us to be wealthy.

Yes. I will be getting BTC. Always buy the dip. Always do the opposite what the crowd is doing.

Elon / Tesla is just one entity.

May Tesla stock crash as well.

I totally agree with you on the Elon front. I believe there is something wrong with him.

No one person should be able to control any market the way he has been doing with crypto. Hopefully he gets a visit from the SEC although I know there is about zero chance of this happening.

[NorwichGrad]

I totally agree with you on the Elon front. I believe there is something wrong with him.

No one person should be able to control any market the way he has been doing with crypto. Hopefully he gets a visit from the SEC although I know there is about zero chance of this happening.

The other thing to consider given how influential Elon is:

Are cryptocurrencies, bitcoin in particular, truly DECENTRALIZED? If one man can tank a digital asset with over a trillion market cap, one needs to ask this question.

Elon is smart. But his actions lately convinced me he is one of the criminal oligarchs.

Today, I actually plan to sell another ounce of gold so I can load up on XRP, physical silver, DASH, BTC, and ETH. In that order.

PS - The SEC and IRS will never visit the likes of Elon. They are all in cahoots. The SEC does not 'protect investors.' It only protects the globalist oligarchs at the expense of us little retail investors. You are a smart dood. You know their game, so keep playing it.

[xTeTe]

GREAT buying opportunity for BTC. Get it while you can!

I always miss the bottom. I'd would have loved to pick up ETH around $3500 both times it bottomed in the past week but every time I get on it's already back up to $3800+

[sakustoms]

The other thing to consider given how influential Elon is:

Are cryptocurrencies, bitcoin in particular, truly DECENTRALIZED? If one man can tank a digital asset with over a trillion market cap, one needs to ask this question.

Elon is smart. But his actions lately convinced me he is one of the criminal oligarchs.

Today, I actually plan to sell another ounce of gold so I can load up on XRP, physical silver, DASH, BTC, and ETH. In that order.

PS - The SEC and IRS will never visit the likes of Elon. They are all in cahoots. The SEC does not 'protect investors.' It only protects the globalist oligarchs at the expense of us little retail investors. You are a smart dood. You know their game, so keep playing it.

Yes my comment about the SEC was very tongue in cheek. I know they will never go after the likes of Elon. They are always going to look out for the wealthy.

I never paid much attention to Elon but the past couple months I have and now I truly see just how crazy ( or crazy smart ) he is. I've been saying that he was playing all the retail investors and pocketing anonymously on the back end.

I bought more XRP yesterday. I cashed out almost all of my DOGE last night and today. I lost a bunch of profit but still made a bunch so I am doing good still. I will convert some of that profit into more XRP and a couple others like Cardano, which is up today.

[NorwichGrad]

I always miss the bottom. I'd would have loved to pick up ETH around $3500 both times it bottomed in the past week but every time I get on it's already back up to $3800+

I read that 80% of day traders lose money over the course of a year.

Timing the bottom and timing the top are extremely difficult. This is why I consider myself an 'active trader' (mostly long position) but I cannot day trade for I don't have the stomach for it.

I dollar cost average. And I try to look for 'value' small cap cryptos when the masses are looking at doge.

I am convinced ETH will hit 10K and I am convinced BTC will also hit 100K this year. I have just a little bit of these because I would rather take my limited funding and look for unwanted assets that will not only double and triple, but quadruple or more.

[xTeTe]

I read that 80% of day traders lose money over the course of a year.

Timing the bottom and timing the top are extremely difficult. This is why I consider myself an 'active trader' (mostly long position) but I cannot day trade for I don't have the stomach for it.

I dollar cost average. And I try to look for 'value' small cap cryptos when the masses are looking at doge.

I am convinced ETH will hit 10K and I am convinced BTC will also hit 100K this year. I have just a little bit of these because I would rather take my limited funding and look for unwanted assets that will not only double and triple, but quadruple or more.

I don't day trade at all, I'm long term holding all of my ETH.. but I'll never turn down the opportunity to add to my stack at a discounted rate.

[NorwichGrad]

I don't day trade at all, I'm long term holding all of my ETH.. but I'll never turn down the opportunity to add to my stack at a discounted rate.

Same here. I am long term holder.

But don't forget to have an exit plan either. It's never wrong to take some profit based on that exit plan.

[xTeTe]

Same here. I am long term holder.


But don't forget to have an exit plan either. It's never wrong to take some profit based on that exit plan.

I plan on having my entire buy in, in a stable coin by the time it hits 10k. House money from there on out.

[NorwichGrad]

I plan on having my entire buy in, in a stable coin by the time it hits 10k. House money from there on out.

Perfect! That's a great exit plan for sure.

Mine is to take profit when the time comes, but just enough profit to cover my initial investment and use the profit to get more silver.

[Mark1T]

Bought some Amazon on the dip.

[sakustoms]

Perfect! That's a great exit plan for sure.

Mine is to take profit when the time comes, but just enough profit to cover my initial investment and use the profit to get more silver.

I've been thinking about buying more silver lately. I basically want to have silver in my safe for my kids to sell off when I die to cover any needed expenses or debt.

[NorwichGrad]

I've been thinking about buying more silver lately. I basically want to have silver in my safe for my kids to sell off when I die to cover any needed expenses or debt.

You can never go wrong with silver. It is gold on steroids. There is reason why it is heavily suppressed. If you look around, gas, food, lumber, consumables, everything is inflating due to fed QE to infinity.

Then you ask: Why does silver NOT budge?

It is the Achilles heels of the central banks. When the current system implodes, the true marker value of silver will be shown to the world. It is money. But it’s also the second most important commodity next to oil.

Speaking of gold and banks, I sold an ounce of gold. I believe that assets should be moved around and reallocated to get the most return.

So I got the following in this order

Physical silver
XRP
Dash
Bitcoin

Why silver? It remains the most undervalued asset in mankind. It is gold on steroids.


So why XRP? Because it’s bridge currency of the criminal banks. I hate banks and gubmints. But I know the value of XRP.

So why Dash? It’s bitcoin junior.

So why bitcoin? Cuz it’s digital gold. Although being a purist Austrian economist I cringe calling it digital gold. Lol.

Here is the bottom line: silver is silver silver does not need anything else. But stocks, bonds, derivatives, fiat and even cryptos ALL NEED SILVER.

get some silver friend.

[steffo99]

Not sure if they changed it here since last I looked, but think they still have a special/extra sales tax on physical silver here (but not on gold) so that kind of restricts future options to fake paper silver (or "cryptosilver"). I hate governments getting into free trade and restricting things like this for no appearant benefit to anyone. Over here I think ppl can't imagine how much they have their fingers into every detail of everything, not even most ppl living here. Property rights have changed a lot as well in the last 40 yrs (not for the better). It is what it is I suppose, just wanted a few of those shiny coins as well. My precious!