collapse

* Recent Posts

45 minutes ago at the Dallas Westin by MuggsyB
[Today at 12:19:24 AM]


2024 Coaching Carousel by Plaque Lives Matter!
[Today at 12:10:57 AM]


2024 Transfer Portal by CountryRoads
[Today at 12:05:42 AM]


Are we still recruiting anyone for the 24-25 season. by Don_Kojis
[Today at 12:04:21 AM]


2024 NCAA Tournament Thread by MuggsyB
[Today at 12:01:08 AM]


Where is Marquette? by marqfan22
[March 28, 2024, 09:29:52 PM]


Chicago bars for Fri game by Daniel
[March 28, 2024, 08:47:22 PM]

Please Register - It's FREE!

The absolute only thing required for this FREE registration is a valid e-mail address.  We keep all your information confidential and will NEVER give or sell it to anyone else.
Login to get rid of this box (and ads) , or register NOW!


Author Topic: Pass Me The Ripple  (Read 14645 times)

WarriorDad

  • All American
  • *****
  • Posts: 1352
Re: Pass Me The Ripple
« Reply #50 on: January 12, 2018, 07:25:59 PM »
I transfer Ether between coinbase (Gdax) and Binance.  No fee involved in the transfer.  The average time is about 20 minutes.  A fee to trade, about the same as Gax (which is much lower than coinbase).

Did two this week, including one yesterday.

My question is when a fee is taken out, is that considered a sale?  My asset was reduced to pay for the trade.
“No one is more hated than he who speaks the truth.”
— Plato

Tugg Speedman

  • All American
  • *****
  • Posts: 8836
Re: Pass Me The Ripple
« Reply #51 on: January 12, 2018, 08:16:13 PM »
My question is when a fee is taken out, is that considered a sale?  My asset was reduced to pay for the trade.

As I understand it, no fee when it is the same Crypto because it is in the same blockchain.  So sending ether from one ether address to another ether address (ie., send ether from your account on one exchange to another exchange) ... no fee.

Trade from one crypto to another, fee. So trade from ether to bitcoin then a fee is charged as the exchange has to juggle the transaction between two blockchains (the ether blockchain and the bitcoin blockchain).

Others please correct or revise accordingly

Jay Bee

  • All American
  • *****
  • Posts: 9022
Re: Pass Me The Ripple
« Reply #52 on: January 12, 2018, 11:27:35 PM »
My question is when a fee is taken out, is that considered a sale?  My asset was reduced to pay for the trade.

Wouldn?t see it as a sale, as you simply transferred an asset. Question is whether you can reduce basis, which would seem to be a no.

(All CPAs aren?t dorky tax geeks, so won?t share my background)
Thanks for ruining summer, Canada.

Hards Alumni

  • All American
  • *****
  • Posts: 6583
Re: Pass Me The Ripple
« Reply #53 on: January 30, 2018, 01:14:39 PM »
Hopefully, no one bought any Raiblocks on Bitgrail...

Tugg Speedman

  • All American
  • *****
  • Posts: 8836
Re: Pass Me The Ripple
« Reply #54 on: January 30, 2018, 09:38:11 PM »
Hopefully, no one bought any Raiblocks on Bitgrail...

Between this and the Bitfinex/Tether news

https://www.bloomberg.com/news/articles/2018-01-30/crypto-exchange-bitfinex-tether-said-to-get-subpoenaed-by-cftc

the bad news is coming in waves and waves.

All part of the process and getting close to a major buying opportunity.  Not yet but getting close.

Benny B

  • All American
  • *****
  • Posts: 5969
Re: Pass Me The Ripple
« Reply #55 on: January 31, 2018, 11:16:58 AM »
https://thenevadaindependent.com/article/blockchain-company-buys-67000-acres-at-northern-nevada-industrial-park

http://www.rgj.com/story/money/business/2018/01/23/industrial-park-houses-tesla-gigafactory-nearly-sold-out-after-blockchains-deal/1059002001/


Some real mysterious stuff going on out in Reno right now.  "Blockchains LLC," which is basically a front being run by a CA law firm, is under contract to purchase >64,000 acres of land in the Tahoe Reno Industrial Complex (TRIC).

Tesla owns 2,800 acres for its gigafactory in TRIC.
Google owns 1,200 acres in TRIC.
Switch has their campus on 2,000 acres.
TRIC is only 107,000 acres total.

So a mysterious blockchain company is proposing to purchase nearly 2/3rds of TRIC at a cost (estimated) in excess of $1B, and all they've said is that they intend to use 150 acres for a company HQ/campus... a company which, by the way, only appears to have a handful of employees?!?!?

I'm struggling to put the pieces together, but this is clearly not going to be a mining and/or solar operation (there is cheaper land/infrastructure available elsewhere in NV).  The only thing that makes sense is that someone is cashing out of crypto(s) and putting it into a much safer store of value, in which case, a billion dollar crypto-selloff may already be underway.
Wow, I'm very concerned for Benny.  Being able to mimic Myron Medcalf's writing so closely implies an oncoming case of dementia.

Benny B

  • All American
  • *****
  • Posts: 5969
Re: Pass Me The Ripple
« Reply #56 on: January 31, 2018, 11:28:33 AM »
Wow.... plot thickens.  Land purchaser also owns a quasi-media org covering blockchain/crypto space.

https://www.ethnews.com/blockchains-llc-acquiring-over-60000-acres-in-nevada-to-showcase-blockchain-applications-yes-ethereum-no-mining

Curious that the author is "estimating" purchase at $175M ($2,800/acre)... which would be nearly a 90% discount compared to what Google paid for their site last year.  If they did get it for $2,800/acre, that's got to be the real estate buy of the decade.
« Last Edit: January 31, 2018, 11:35:21 AM by Benny B »
Wow, I'm very concerned for Benny.  Being able to mimic Myron Medcalf's writing so closely implies an oncoming case of dementia.

forgetful

  • All American
  • *****
  • Posts: 4728
Re: Pass Me The Ripple
« Reply #57 on: January 31, 2018, 05:30:04 PM »
Wow.... plot thickens.  Land purchaser also owns a quasi-media org covering blockchain/crypto space.

https://www.ethnews.com/blockchains-llc-acquiring-over-60000-acres-in-nevada-to-showcase-blockchain-applications-yes-ethereum-no-mining

Curious that the author is "estimating" purchase at $175M ($2,800/acre)... which would be nearly a 90% discount compared to what Google paid for their site last year.  If they did get it for $2,800/acre, that's got to be the real estate buy of the decade.

And if it was discounted 90%, there is a lot more weird and shady dealings going on here.  Very odd set of developments. 

I fully expect this to end in raids and arrests.

Tugg Speedman

  • All American
  • *****
  • Posts: 8836
Re: Pass Me The Ripple
« Reply #58 on: January 31, 2018, 09:34:38 PM »
Tracy Alloway @tracyalloway 14h

Bad things that happened to crypto in past 24 hours:

-Facebook bans ICO, cryptocurrency ads
-CFTC subpoenaing Bitfinex & Tether
-SEC/CFTC both seem to be signalling crackdowns
-South Korea says it found $600m in crypto-related crime
-SEC halts AriseBank's ICO

Anything else?

reinko

  • All American
  • *****
  • Posts: 2696
Re: Pass Me The Ripple
« Reply #59 on: February 05, 2018, 12:29:58 PM »
How y'all doing?  (not trying to be sarcastic, just hoping nobody is taking a complete bath with the downwards turn as of late...)

g0lden3agle

  • All American
  • *****
  • Posts: 1046
Re: Pass Me The Ripple
« Reply #60 on: February 05, 2018, 12:37:04 PM »
How y'all doing?  (not trying to be sarcastic, just hoping nobody is taking a complete bath with the downwards turn as of late...)

I'm hodl'ing!!!!!  Down like 60%+ on my XRP investment.

reinko

  • All American
  • *****
  • Posts: 2696
Re: Pass Me The Ripple
« Reply #61 on: February 05, 2018, 02:12:02 PM »
DJI currently down 1,475  :o
« Last Edit: February 05, 2018, 02:13:37 PM by reinko »

MU82

  • All American
  • *****
  • Posts: 22730
Re: Pass Me The Ripple
« Reply #62 on: February 05, 2018, 06:50:40 PM »
I'm a long-term investing kind of guy. I don't trade in and out. Heck, I held every share of everything I owned through the recession.

I respect folks who can trade in and out like that. I don't have the stomach for it.
“It’s not how white men fight.” - Tucker Carlson

Tugg Speedman

  • All American
  • *****
  • Posts: 8836
Re: Pass Me The Ripple
« Reply #63 on: February 05, 2018, 10:43:51 PM »
DJIA futures down ANOTHER 850 points as I write (10:45PM CT Monday night)

forgetful

  • All American
  • *****
  • Posts: 4728
Re: Pass Me The Ripple
« Reply #64 on: February 06, 2018, 12:14:34 AM »
DJIA futures down ANOTHER 850 points as I write (10:45PM CT Monday night)

The question was never if there would be a major correction, it was when.  The market is still over-valued. 

muwarrior69

  • Registered User
  • All American
  • *****
  • Posts: 5128
Re: Pass Me The Ripple
« Reply #65 on: February 06, 2018, 05:27:56 AM »
DJIA futures down ANOTHER 850 points as I write (10:45PM CT Monday night)

When everyone is selling, I usually buy and frankly whoever is President does not really much matter. If it goes down further today I will probably buy some more.

Benny B

  • All American
  • *****
  • Posts: 5969
Re: Pass Me The Ripple
« Reply #66 on: February 06, 2018, 08:55:37 AM »
DJIA futures down ANOTHER 850 points as I write (10:45PM CT Monday night)

Three letters: XIV
Wow, I'm very concerned for Benny.  Being able to mimic Myron Medcalf's writing so closely implies an oncoming case of dementia.

Hards Alumni

  • All American
  • *****
  • Posts: 6583
Re: Pass Me The Ripple
« Reply #67 on: February 06, 2018, 09:38:48 AM »
How y'all doing?  (not trying to be sarcastic, just hoping nobody is taking a complete bath with the downwards turn as of late...)

Not awesome, but the rule is to not invest anything you can't afford to lose all of.

Hards Alumni

  • All American
  • *****
  • Posts: 6583
Re: Pass Me The Ripple
« Reply #68 on: February 07, 2018, 08:01:19 AM »
Good news brings back bull market

Goose

  • All American
  • *****
  • Posts: 10445
Re: Pass Me The Ripple
« Reply #69 on: February 08, 2018, 12:18:35 PM »
Reinko

I am still up roughly $0.30/coin at this point. Far cry from the $3.00+ profit a little over a month ago. I vowed to keep it for a year and then make decision. Bought roughly 12/1, so ten months to go. Good news, I have stopped watching it non stop.

Hards Alumni

  • All American
  • *****
  • Posts: 6583
Re: Pass Me The Ripple
« Reply #70 on: February 09, 2018, 10:15:25 PM »
Hopeful no one had XRB on bitgrail.  As I've said, take your crypto off exchanges.  Only use reputable exchanges.

Bon chance!

MU82

  • All American
  • *****
  • Posts: 22730
Re: Pass Me The Ripple
« Reply #71 on: February 10, 2018, 05:11:05 PM »
Reinko

I am still up roughly $0.30/coin at this point. Far cry from the $3.00+ profit a little over a month ago. I vowed to keep it for a year and then make decision. Bought roughly 12/1, so ten months to go. Good news, I have stopped watching it non stop.

5 years to judge.

Oh wait ... that's something else.

Never mind.
“It’s not how white men fight.” - Tucker Carlson

Tugg Speedman

  • All American
  • *****
  • Posts: 8836
Re: Pass Me The Ripple
« Reply #72 on: February 14, 2018, 09:37:41 PM »
Good article about how the banking system is feeling the pressure of cryptos and trying to innovate.  They are still away and they are leaving the door to cryptos taking their business away.

https://www.sovereignman.com/trends/terrified-of-bitcoin-banks-forced-to-innovate-for-the-first-time-in-40-years-22944/


MU82

  • All American
  • *****
  • Posts: 22730
Re: Pass Me The Ripple
« Reply #73 on: February 14, 2018, 09:44:30 PM »
Thoughts and prayers to the banking system.
“It’s not how white men fight.” - Tucker Carlson

Tugg Speedman

  • All American
  • *****
  • Posts: 8836
Re: Pass Me The Ripple
« Reply #74 on: February 15, 2018, 11:40:33 AM »
Thoughts and prayers to the banking system.

Now that's funny!