My friend made a swing trading crypto bot and I threw 10k at it and let it rip with him in Beta. Cut it off after about 2 months and 4k in losses. 123k transactions happened in that period on Binance.

I'm also an idiot who didn't know I had to report every transaction. Everything I try to use is just breaking. I ponied up $1500 to Cointracker.io for their premium version that covers 100k+ transactions, but can't get anything out of that system either. When I try to connect Cointracker via Turbotax, it errors out everytime.

HR Block suggested using cointracker also, but then it doesn't appear there is anywhere to actually import anything, so I don't know why they suggest using it.

Anyone report on huge number of crypto transactions have some advice?

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Edit: United states.

Everyone wants crypto to take over. Well I hope you are using crypto or asking if people accept crypto. It doesn't need to be big sums. Keep hodling, but set aside a bit to use. Ask a service if they accept crypto. Pay some subscription you want to try out in crypto. Donate to charity using crypto. The guy that payed 10k BTC for a pizza, was not dumb. He understood that the only way BTC is going to be worth something, is if it got used.

If Im paying someone online for a service, I always ask if they accept crypto. If that is for getting coached in guitar playing, getting a subscription, buying some second hand stuff or some other stuff. If they say no, no worries. I'm still putting into people minds that this is something people want to pay with.

We don't have to wait for our country to make it into a legal tender. Start using it now!

TL;DR: what's the best way to DCA from FIAT(500$/month)?

I want to seriously get into into DCAing. I want to invest about 500$ each month, mainly BTC, ETH and some others (70%, 20% and 10% respectively). I want to hodl for at least 2 years if not longer. I get paid in FIAT, so I will need to buy through an exchange and then withdraw it to my hard wallet (I don't have one yet and having a paper wallet has also crossed my mind). What's the best hard wallet? What's the best CEX for doing this, where I'd pay the least fees? The last time I withdrew from Binance I had to pay 50$... Also, is there any good way to automate these buys? Ideally I would like to spread out the buys throughout the month so I flatten the curve even more. I'd love to hear suggestions about how to do this the best way. Thanks!

A lot of posts here say the only right strategy is hodling and staking your coins to earn more coins.

You might ask how long would it take to double the amount of your coins since that's something we all want, am I right?

Let me introduce the Rule of 72 to you then. According to that rule, to get an approximate time it'll take to double your investment is to divide 72 by the annual interest rate.

Now some examples to see it more clearly:

If your interest rate is 5 percents, it will take 15 years to double your coins.

With 8 percents, it would take app. 9 years.

Do you want to be faster and double your coins in 5 years? The rate should be then 14.4 percents.

Should you use compound interest on your coins? Definitely! Should you expect to double your $100, $1000 or $10000 in few months just from compound? Definitely not.

Its been more than 3 days since I hit withdraw for my Harmony(ONE). The Account started maintenance after an hour from my withdrawal request and now my crypto is stuck. For the past three days, the Harmony Wallet is going under maintenance and whenever I write to their customer support, they provide me with an estimated time of service continuation which keeps on extending. I've written them countless times regarding the matter and all they say is that they can't provide me with any information but the service will start soon. Is there any way or anything that can be done from my side. Could someone please help me regarding this?

Note: Scammers, Don't DM me, I'm fed up with your cheap tricks

Trying to wrap my head around if there is any point in not taking out a loan on Celsius if I am already providing BTC and ETH there to collect rewards. As it currently stands I can take out a loan in USDC for 1% APR and then stake it somewhere for a greater return, Celsius themselves offer 7% on it. I would be using the BTC and ETH I’m providing there already as collateral. The only risks I can see with doing this would USDC going under (in which case the market would be in big trouble anyways). Am I missing something?

TL:DR

If you have MetaMask on an iPhone or Mac, then you're likely also using iCloud backup. MetaMask backup your Valut containing your seed by default, so turn that off from Settings\Profile\iCloud\Manage Storage!

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Summary

I have been following this developing story on Twitter about a user that lost $650K yesterday due to the following phishing method with others coming forward claiming that the same has also happened to them.

Background

When you create a wallet using MetaMask on an iPhone, the app will create a JSON containing your wallet, this is stored on your device. Most users use iCloud to automatically backup their phone and app data, but unbeknown to many users, MetaMask include this file as part of the backup. From a google search, this isn't new, it was discovered in 2019, but MetaMask have today acknowledged (addressed) it HERE after a number of users were targeted resulting in lost funds.

​

MetaMask iCloud Backup

Phishing Method

For the user that lost $650K, it appears to be a very sophisticated attack. They fell victim as follows...

The malicious attacker requested several password resets against their AppleID/iCloud generating several emails to their account. From there, they using a spoofed caller id to call the victim and claimed that they were from Apple and calling about suspicious activity on their account. They asked them to generate their MFA one time pass to confirm that they were the account owner. The hacker used this to reset the password and take control of the Apple account. From there, they were able to restore from a backup and drain the wallet of all funds.

More reading / source

HERE

I've never taken out profits and instead DCA'd across many months. My dad has a similar amount invested as me but into different coins. For me it's more serious but for him it's just mostly for a laugh, or if he loses it all it's not going to impact him as bad as it would me. He has taken profits from one or two of his coins several times to a point where it's a nice chunk of change. I never really did because I thought selling now is silly if the market will (over many years) trend up, so the more I hold onto now the better in the long run.

Should I have taken minor profits here and there, or just stick to my plan and hold through everything, accumulating through it all? My goal is to make major money (in relation to what I invest), not just enough for a fun weekend and certainly not retire in 10 years. I'm not in desperate need of the money. I think the main reason I avoid taking money out is because the tax headache.

Hi,

I am VERY new to cryptocurrency so apologies if this is a very simple question.

I bought TerraUSD (UST) from ZenGo. I now want to sell it or swap it to LTC, however ZenGo do not support this. I was going to send it to Coinbase however ZenGo said:

"Coinbase does not support Terra native tokens and coins but only ERC20 variations".

So I am wondering where can I send to sell back to FIAT? I have a Luno account which I've sent LTC to and send back to my bank.

I am UK based if that changes anything.

Thanks!

2022-04-17 12_16_49-Crypto Exchange _ Bitcoin Exchange _ Bitcoin Trading _ KuCoin.png

Can you please help me to understand why i didn't receive all of the BCHA from KuCoin? I had heard back then that if i would deposit my BSV on KuCoin they would honor the BCHA fork since they used to support the coin. However, they only deposited into my account a portion of it, 17.5 BCHA. A few weeks later BCHA was automatically rebranded into eCash, which i still hold on Kucoin. However, the total amount of BSV that i deposited on Kucoin (about 50) i have already sold as well as the BCH (though i still have in my possession the private keys of the BCH back when BCH was forked from BTC. Can you please help to retrieve the rest BCHA?

I tried asking a form of this question earlier but I don't think I was direct enough. I got people trying to say which form the federal income should be reported on and that's not really what I'm having trouble with.

In short, I am claiming my crypto staking rewards as taxable income on my federal tax return. But TurboTax does not automatically import it to my state return because it gives me a message saying it "cannot determine if this item is taxable by your state. If it is, you must manually add it."

So basically, I need to know whether crypto staking rewards are ALSO supposed to be added to state tax returns, or ONLY the federal returns.

If anyone has insight i would SOOOO greatly appreciate it because this is the last step of my tax return and I'm ready to pull my hair out, lol. I've been trying to wrap it up for weeks and it's just always one thing after the next.

Hey there,

I hope it’s okay to ask this here, I never thought I’d need to ask something like this but here goes.

I had two NFT stamps that were originally minted on xDai, I just tried to bridge them to my Eth wallet, but ran out of gas fees and had to get some more Eth.

As I came back to complete the transactions, the screen refreshed and I can no longer find them.

These two Txs are the last two made in relation to them.

1. 0x98186de5dd1645989360f7f425fd63afa9351c15abf26d2ad1c24549e6e43b01
2. 0xcadf906ca93904fe172315e06879e068b1344897e8c22b911740a126fc8e7c02

So my wallet has definitely interacted with their smart contract, but I don’t know how to complete the Tx, or even if I can??

Any help given on figuring this out would be greatly appreciated!

Cheers.

I’m somewhere between a newbie and somewhat experienced cryptoinvestor. I started on Coinbase, and are considering moving to Kraken to Stake my coins. But I stumbled on a few posts stating that using CEXes defeats the purpose of playing around with Crypto (Not owning your crypto and all that)

I have a good deal of my Crypto in Trust Wallet which I bought via Uniswap. But Im rather fed up with the gas fees, yet I feel the need to use DEX to support the core idea of Crypto.

So my question is, I guess, if I buy my crypto directly via Trust Wallet using the buy button - is, then, still DEX? Or do I have to buy Ethereum first, and then use Uniswap for it to be decentralised?

In the end, I just want to stake a decent amount of tokens and go about my life without thinking about the risks of losing my Crypto or have some Agency to stick their noses in my portofolio.

Best!

Hello, sorry if this is not allowed here.

I recently moved back to South Africa after many years overseas. I need some help on getting a card that I can use here. Binance doesn't supply their card here, neither does crypto. com. Many that I've heard of don't deliver their card here, or have stupid high fees.

I could use the normal banks in South Africa, but they have super high fees on every little thing you do. I do not want to resort to using them.

I did hear of one service called CryptoPay. It looks decent, but I don't know. I want a service that isn't gonna charge me high fees or membership this and that. Just want a good card that I can use with whatever store I want, and online as well.

Thank you for your time, and sorry if I'm not the smartest person ever when it comes to crypto. I still have much to learn.

Need some help please!

My Coinbase pro app has logged me out several times, does anyone know why it does this randomly?

Usually, I can just log back in. But for some reason it wouldn’t let me log back in with my saved password. So I reset it using the link provided, which sends to the Coinbase website and u authenticate etc. Then the Coinbase pro app wouldn’t let me in with the new password. I’ve reset it multiple times and still it doesn’t let me log back in and just says password incorrect etc

Does anyone know why this is happening? I started to look around on the Coinbase website for help but I found it a bit tedious to find exactly my situation.

I’m still don’t understand why it would just log me out at random points, then not accept my saved password and now won’t accept any passwords I’ve reset it to

There’s no indication of weird login attempts from other devices or anything, so I’m assuming it’s not a hack attempt but now I can’t log in and I’m not sure what to do

Any advice welcomed, thank you

A general lack of consumer education around crypto is partially to blame, with people new to the space especially vulnerable to misinformation, and prone to falling for sketchy investment practices in the hopes of striking digital gold.Social media is awash with so-called “success stories” of people that have made a fortune investing in cryptocurrency.

Many people now view crypto as a get-rich-quick scheme, which makes them susceptible to falling for scams.Cryptocurrency has surged in popularity in recent years – particularly among younger generations – meaning there are a lot of people for criminals to target

Hi everyone,

I’d like to buy crypto without having every transaction I made being monitored or traced. I own a cold wallet. Right now every deposit I make on my trading platform is linked to my personal bank account.

Is there some sort of gift card that I can buy that allows to buy crypto? There is a bitcoin ATM machine in my city where we can buy BTC but the fees are tremendous (15%). Is there a better way to get crypto for cash or via another way than my personal bank account or credit card? I like the privacy of crypto and I don’t like having the bank, the government and other entities know everything about my activities, I feel like it defeats the purpose.

I live in Canada.

Thank you for your tips

Which do you think is a better idea for the long term? For a while I thought that BTC was all I really needed. But then ETH started to seem like it was definitely also a crucial coin to hold. So just the two seemed like enough. But now I am thinking it might be better to have a 10-coin portfolio that is still heavy on BTC and ETH but also casts a wider more diverse net by including 8 more well known coins. But then I wonder if I would just be watering down my BTC/ETH investment with coins that are way less likely to succeed. It seems some people go with one style or the other and I am not sure which is the best way to go.

Also, depending on which you pick, what do you think of my selections?

TWO COIN:

1. 70% BTC
2. 30% ETH

TEN COIN:

1. 36% BTC
2. 16% ETH
3. 6% MATIC
4. 6% SOL
5. 6% DOT
6. 6% AVAX
7. 6% LRC
8. 6% LINK
9. 6% ADA
10. 6% ALGO

View Poll

I started in crypto in June of 2021, and I’ve learned a lot in my short journey. I thought I’d make this post to help newcomers.

1. Don’t chase prices when they are sky rocketing and are near all time highs.
2. It’s better to buy when crypto is going down and dipping. Look at how far it is from the all time high.
3. If the crypto has a high market cap and has good real world utility, there’s a good chance it will do well in a bull run.
4. Don’t listen to price predictions of ANY influencers.
5. Take 15 minutes to learn how to stake your crypto, trust me it’s worth it.
6. Learn how to do your own research (I have a post on my profile about that)
7. Be very weary of influencer promoted projects. They’re not all bad, but be careful.
8. Don’t panic sell during crashes.
9. Bear markets are your friend for accumulation periods.
10. Have an accumulation plan and an exit strategy.
11. Trust no one.

Did I miss something? What else have you guys learned that could help newcomers?

My biggest mistake was panic selling during a flash crash. Never again.

The price of bitcoin is highly correlated to the stock market right now, it’s sad but it’s true. The 90-day correlation between BTC and the S&P 500 rose to 0.49 recently; the highest since October 2020. Even Bloomberg said “Most Americans Today Believe the Stock Market Is Rigged, and They’re Right”

‘Whales’ don’t manipulate the price, at least now what/who we think these ‘people’ are. It’s most likely not people but well capitalized and sophisticated algorithmic trading firms like Alameda Research, DRW Cumberland, or Jump Crypto. They’ve done this before; In 2018 a federal judge in Manhattan has dismissed a U.S. regulator’s lawsuit seeking to hold Donald Wilson and his firm DRW Investments LLC liable for market manipulation. while Alameda is well known among cryptocurrency traders for being principal manipulators of bitcoin spot and bitcoin derivative markets

Also general media manipulation; after the Febuary 2021 liquidation event the media manipulators kept news of it going for a week+ after the liquidation spike. This FUD is fueled by billionaires who own these companies that have already made their money and possibly considered cryptocurrency a threat. All mainstream media publications have their own slant and will push through articles, be it FUD or FOMO, that will benefit them more then their readers.

On April 15th Ledger Live acknowledged an issue with Cosmos accounts. Users are unable to sync or add accounts. I ran into this first hand and hope this post saves someone else the heart attack I received after setting up my Ledger cosmos account and transferring my bag to it. The assets never showed up but i was able to find them on the block explorer & confirm the address was correct. I have not seen an ETA as to when this will be fixed but I trust ledger to solve the problem in a reasonable amount of time.

Read the full article

Has anyone heard of the twcoin exchange before? My Uncle started getting involved in a scammy looking whatsapp trading group and he's now transferred a decent chunk of change into an exchange called "twcoin.xyz" (I know it's sketchy to post this I'll remove the link extension if I need to) I'm worried he's getting scammed and I can't find any information about this exchange online. Does anyone know if this is legit? I recommended he try to withdraw his funds off the platform immediately. I feel like he's been duped.

It is no secret that most of us here invest in crypto with dreams of gettin rich. We often see discussion on how to invest in crypto, but I rarely see something said about 'getting out' of crypto.

I have personally noticed that taking profits was a lot harder than I thought. 'Why?', well because I was being a greedy d*ck. Told myself I would take profit when a certain crypto would reach a certain amount. When it reached that amount, I thought ''why sell now when the price will likely get higher?''.

As soon as prices starting dropping again, they were still higher than the initial price I wanted to sell at, but now I thought 'the price was once higher, so I will sell when it`s back at that hight.'. Well you can already guess that did not happen (yet)!

Do not make the same greedy mistake that I made.

What I have seen from people is that a lot have a X amount of money in mind what they would like to reach.

Let me snort some hopium for this scenario. All crypto start shooting towards ATH` s. Let me ask you all 2 questions.

1. Do you take profits a long the way or do you wait till that X amount of money number is reached?
2. Do you also struggle with taking profits?

I just felt like making a post regarding the cash back cards available now. I was highly skeptical of these cards at first but now that my first rewards have hit (AMP) I'm 100% on board. I use Coinbase, which is probably admittedly the most shady of the major exchanges, I think I would feel a bit more safer with crypto.com card.

I will say that I don't trust these exchanges to the extent of leaving thousands of dollars in there hands, and you shouldn't either, but I will keep reloading it with $200-300 for every day small purchases.

If you are highly skeptical I'd recommend loading it with $50 and giving it a try, I think once your 4% rewards hits you'll change your tune. It's free to apply for a card and if you use Coinbase or crypto.com they probably already have your banking info, so your really not taking too much further risk than you already are.

Also another aspect is your 4% reward today could be 8%+ tomorrow as you are rewarded with a token and as we all know everything is down from the previous bull run.

I'm receiving AMP right now which is about .02 a token, and if you weren't paying attention to it, most of the AMP Community was joking that it's a stable coin pegged to .05 cents, so even returning to that is doubling your rewards not even breaking out above it's usual price.

I will leave you with one more bit of advice regarding these cards, you should be aware regular credit cards exist that offer about 4% cash back as well, not all but some of these credit cards will let you pay off your statement with a debit card...so even more actual cash left on the table.

It doesn't seem that significant but I see these cards adding up in a significant way especially if you choose to use them 100% for your everyday spending, it's a powerful tool available that I think alot in the crypto community is completely disregarding right now.

Give it a try with a few bucks, research it yourself, I think if you don't use this today you'll be looking back with regret in a few short years. Thanks for taking the time to read this for the ones that made it this far.