@Jack_Raines 9) This offset rule specifically applies to “earned” income though right? Casual traders who claim a salary separately could offset an unlimited amount of capital gains/losses against each other if all realized?
@Social_Crypto@Jack_Raines@BarrySilbert Unless your country specifically does not tax crypto->crypto trades, then converting to stables is a taxable event and no different to converting to fiat
@wclemente@ZeroHedge_@willywoo These discussions are akin to any institutional weekly/quarterly internals.
Great job Will on encouraging productive discourse.
@ZeroHedge_ Noticed that if trading the trend bars (color flips) esp on Daily, SLs can be placed at the low of the bar prior. Even on lower liquidity coins
@CRoulettista@SBF_FTX This. Burnout + lack family/personal time (esp on Holidays) can make this a huge double edged sword that goes under the radar until it’s too late
@cryptomarr @CryptoSavy1 The volume has shifted into derivative exchanges such as Bitfinex/FTX over long time frames as the futures markets have matured. Additionally volume has gone into etfs and trusts
@RonnayoPA @ThinkingBitmex Same man, we start stalling out under 70k or putting up inside bars on this daily I’m going to be sidelining myself big time
@RonnayoPA @ThinkingBitmex Felt like max pain was BTC ripping up during this consolidation because so many were bidding low 50’s..
But a head fake here would be brutal
@CryptoCX1@nebraskangooner BTC showed relative strength against equities during October, albeit not in Sep.
Risking being sidelined here if you’re part of the “ill buy at 53k” crowd surely
@GladiatorNick@CryptoKaleo True, but until funding is positive, going to be hard to markdown
This move is getting faded and that could generate another big upthrust
@DiedaExploring@InspoCrypto@notAgres I don’t think even 90% of us traders are prepared for a winter where our short stops get wicked out by low vol, praying this doesn’t happen ha