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ElKulako

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cryptobert-posttrain

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the btc is already off venue.

that is mr. binance us shill to you. 😂

congratulations and fuck you lol, that is amazing

can,someone smarter than me explain how btc can do a wild swing like this or are we looking at a glitch on an exchange? if its a glitch my faith isnt very good moving forward

op please explain how the fuck you rode your portfolio down from . leveraged futures i’m assuming??

congrats and go fuck yourself

how did you go from ? i am more interested in that lesson. did you hold some alt coins during the bull market and refused to sell thinking they will be worth more?

michael, what have i told you about saying yuppers?

not as bad as my story turning down 5 btc for

don't worry man, someday i'll get back the hundreds of bitcoins i gambled away from the time it was .

thanks. this is key. binanceus is indeed different.

smart person, i was going to suggest that but you are two step ahead of me

nice work man :0

the stop limit order would not expire or both ?

so a trading pair is not a different asset? its just a chart with bitcoin and usd price on it?

take 11k of profits and do the same thing. hodl the rest lol

if you're confused by language used online, try using urban dictionary.

but hes still down like 560k lol

some idiot bitcoin millionaire probably decided to ”sell market” thousands of bitcoins, in which case the exchange tries to fill that order from the available buy orders, no matter the price. since binanceus btc(someone can probably check how much, and probably dig out the actual sell order) this resulted in flash crash. anyone can place a buy order for bitcoin like 1 btc for 1$, but event like this is extremely rare and would never happen in a high volume trading pair.

this is a statement made by kraken after investigating the flash crash somewhere on 22 february: 'it seemed that price feeds were broken, but what was actually happening was that a complete decimation of order book depth made the process of price thiscovery near impossible. when there is no market depth remaining on an order book, there is nothing stopping large market orders from whipsawing the price of bitcoin or eth'... 'medalie added that what occurred on kraken earlier today was indeed a flash crash, describing a - complete decimation of market depth, as market makers quickly pulled orders from the book. this temporarily caused prices to plummet, only to rebound once market makers adjusted their positions.

possibly someone fucked up on their limit sell price. or a market sell was entered at the exact moment there was no higher buy limits and this order was chosen to fill. op's lucky as hell

meet kevin has a youtube video explaining how this possibly happened.

here is picture of the trading pair chart

binance explained it was an error in their clients trading software that caused a glitch... they said it’s been fixed

hodling mostly, with some over diversifying during alt season 2018 (bought some tops and held things that went to ). then my life imploded and i lost my business. had to cash out under . rebuilt, sold alts i bagged into strength earlier this year and used that cash to place this yolo limit buy a couple months ago. my luck. either all good or mostly bad.

i think many people don’t know how crazy a blow off the top can be. you hold thinking it will keep mooning, laugh at what you think is a bear trap and then your face is melted and slurped up with a straw.

yes for the most part. i got in to this following literally a schizophrenic guy (didn’t know that at the time) who said things like veritisium would be life changing (it was 30% of my holdings at one point). he also pushed ltc as silver to btc gold but that has done little to nothing. add some bad life luck where i needed the cash and a little bit of panic selling. live by the alts die by the alts. i also lost (and ). lost what would . i am just as stupid as i am lucky it seems.

to be fair, it probably had close to zero value at the time ;) it’s always easy to say your dumb in hindsight.

learnin’ can be expensive and is worth it i guess!

was offered to buy bitcoin back in 2012 and i laughed at the thought of crypto… i’m there with you.

one just like it called bitpetite, was in it for less than a week before the rug pull. my buddy gave them 260 eth and 5 btc.

started in dec 2016 following that fucking shitwizard clif high. whose predictions were pretty good until he said we were going from “(2018)” so i hodl’d more and by july we were at (unrelated). if i were smarter i would be a millionaire right now but that’s life!

trading pair is two different assets traded against each other for example btc and usd (btc) or btc and usdt (tether, btc). dollar doesn’t need to be involved, there is also e.g. btc.

good bot? and can you pick from the very long list i found when looking there as to what this person meant. the problem with slang is no one can say exactly how another person meant it. that is why i asked i guess.

give it a year, he will be up 560 million... zimbabwean dollars.

the other thing here is the recent fudsters who predicted btc would crash back to 10k are now off the hook, think about that for a sec

i’ve learned so much from bitcoin, it’s that teacher that keeps you engaged every time class is in session.

it was apparently some institution's trading bot.

nah that wasn’t it... that wouldn’t be enough to cause anywhere near this dump. it was a glitch

"idiot bitcoin mellonhead" i doubt they are morons, they know exactly what they are doing. thats why they are btcs mellonairs

that’s basically them admitting that their exchange had very low liquidity (at the time)

seller unlucky as hell lmao

only idiots do market orders. limit that shit.

interesting thx. congrats to op

so this can happen whether the volume is high or low , right?. u just need a stupid person who has put a low buy price.

all the while exchanges are congested and grinding to a halt or down, while fees are through the roof. come prepared or leave empty handed.

yea but still, . still haunts me

i figure one of these days i'll end up making a pile i just do not know on what yet

260 eth?? that is about ,090,0000 right now... wow.

well, i think you are a rockstar! sorry to hear about the implosion, i know life can get very rocky real quick but hopefully you have recovered from it. keep doing what you are doing and i bet you still make it to the promise land. hopefully, i will be there with ya! cheers 🍻

well it didn’t crash really, not in any other market or trading pair, just this one and for a second or so

from what i gather, yes. i would guess it is more likely with low volume, though. op probably is not feeling very stupid right now lol

if a stupid person made ~, i want to be the dumbest sumbitch this side the mississippi

i got like 5 or so btc and a few thousand doge in some wallet i opened up many, many years ago as a joke in my 20’s and that i will never ever be able to access. so yeah… :/

yup. he doesn’t speak of it.

**user report** :--:--:--:-- **total submissions**1**first seen in wsbc**just now **total comments**0**previous dd** **account age**10 months[^scan ^comment ]( ^submission ](

seriously though, i would need an accountant to spend days figuring out the mess of coins i swapped back and forth.

thankfully there is no wash sale rule.

the way i trade, i'll never have crypto capital gains. suck it irs.

fuck taxes. just yolo and hope for the best. worst case scenario, you go to jail and hodl a bit more. more likely, you get hit with a fee and a slap on the wrist.

do you have to do each trade or just sum it all up at the end to -???

vamos ya la ayuso, meme en wallstreetbets, qué tía, qué culo camilla

this will forever be the way🤣 try debank for portfolio tracking‼️

does that apply with a net 10k loss?

they cannot tax you for hodling.

we're not going to white-collar resort prison. no, no, no. we're going to federal pound me in the ass prison

irs: "you need to compile all your activities for the year, determine what you owe on your own and then pay us" also irs: "we already knew what you owed before you filed and your payment is off by a few bucks. enjoy buttfuck prison!"

lmao this actually made my laugh. like they cannot possibly bother with all that shit so why not just save them the time and do not report anything. lol

lmao irs is crazy

how the fuck does your government even tax crypto? wasn't the whole point of it all to be anonymous?

use [bitcoin.tax]( or similar and get that shit into a good state. you still have time to mitigate tax liability through trading. please be smart about this, you do not have to outsmart the government, you just have to pay what you calculate you owe so they spend their energy going after someone else.

i use koinly, free versions works well, auto syncs wallets and everything

this is exactly why i only use 1 robinhood account…... because i’m scared of tax laws 😨

just sell for cash man

for now. ☹️ when they apply to crypto, it’s going to be a nightmare with how often coins are flipped.

she do be thick tho damn

hahah isabel díaz ayuso a retarded psycopath president of madrid

never forget. al capone was done for tax, not the other shit.

this is terrible advice. you will not evade the government and it is foolish to try, especially if you make large amounts. they are not to be trifled with. it sucks, i agree. [bitcoin.tax]( is how i track things but there are other choices. edit: you will owe what \*they\* calculate plus penalties and interest, payable upon release from jail if there is intentional tax evasion.

bruh just move to malta you'll be like "what capital gains?"

best way to ensure you hodl is when you are in the big house

normally, a legit us kyc exchange will send you a 1099 profit. but the us has not enacted such a law yet for crypto exchanges so you'll need to do your own profit.

sum. there are programs online that do it for a fee. kinda confusing though.

biden proposed taxing billionaires on unrealized gains. if that ends up getting passed, who knows, maybe it’ll start a domino effect of taxing less wealthy people as well

irs catches you not thisclosing a .49 gain, the next thing you know, you're on all fours begging for mommy at rikers.

at it is core, a blockchain is a permanent immutable record of transactions. it is a shitty place to try for anonymity because your identity only needs to be decoded once. private chain analysis software even watches and ties account activity to ip address.

1. the gov needs to get its grubby hands into our pockets for any possible reason. 2. the banks “donating” to legislators want to kill crypto. result: categorize it as a taxible asset, subject to capital gains, just like stocks and real estate. i’m not advocating tax evasion, but maybe if you just buy monero and use p2p exchanges to swap for what you actually want to buy, it could be harder to enforce tax laws. but take that with a grain of salt seeing as idk for certain. and once again i’m not saying that to promote tax evasion or explain how to do it.

also, cause you do not like making money.

i did not realize people here were as notoriously wanted as al capone. yes guys, if you are one of the most famous gangsters in the country, then be sure to file your taxes right. if you're an joe schmo who made 400 bucks making a thousand trades, then just try your best cuz nobody gives a fuck about you

nice try, irs. come and take my xmr.

what if im staking?

jail is the best hodl strategy

for comparison, what are some other legit apps for helping with taxes? i’m new to crypto this year and don’t want to screw myself come tax time. thanks

as far as i’m aware, kraken doesn’t do that (yet)

doubtful, because the unrealized gains are a problem since rich people just take out neverending loans on that value. joe retail worker would not be taking out loans on his 2,000 dollars in gme unless he is just putting up collateral, which is not nearly the same thing. two different ballparks.

that is how it happens one min your driving your lambo...you stop at a red light and a blacked out van pulls up rips you out. they take you to gitmo and interrogate you over your 😆 🤣 😂

it's called kpis and you're low hanging fruit, my friend. who's gonna roll over with a threat more easily? you or a hnwi with a tax lawyer on speed dial...

man i got wrecked by taxes in 2018 and i got liquidated. i'm just trying to save you a similar fate. privacy is not a way to dodge civil duties nor would i advocate for such a thing.

staking counts as income based on the market price at the time of the stake. besides making the rich richer at the expense of the userbase, staking benefits the government in an incredibly lopsided way. staking is not the way.

so now it’s not al capones they’re after it’s low hanging fruit. that flip dipped fast