The Litepresence Report on Cryptocurrency

[PaulConventionWV]

What does this chart mean? Are we still going down again or is this the big one? Is this still the double/triple top you were talking about or is this a new paradigm?

 

[presence]

Just bought back in @ 805.

That's straight up BOSS.

Low 804!

-----------------------------------

eta...


well we're back down here "retesting"


I try not to freak out in situations like this... Is what it is... I "already beat the curve" so I hold... don't get me wrong... if I get sense of another parabolic down... I might play it stressed trigger finger short... But I like longs because they're more predictable; 48 hours or more in advance.

So in my case I dumped 29.05 last night to buy 26 today.

Tha'ts win... more crypto than I had yesterday.




23.3/ltc last alerts me, but doesn't scare me.

 

[btcltc]

Any idea when prices bounce back up again?

 

[brooks009]

By the way, just FYI: Trying to deliberately avoid depositing over $10k in order to avoid IRS notification is also a tax crime for which you can be put in jail, and it's called "structuring." That said, the way in which this is applied is very arbitrary, but it usually requires a pretty long period of this type of behavior. The goal is to catch ritch people trying to fly under the radar who simply can't help dealing in large quantities of cash at one time. It's a problem you think you'd like to have, but at least you know you're at less of a risk of being caught for doing it if you're not rich.

Thanks for the info. Sounds like you know more about this than I do. Its weird worrying about rich people stuff.

 

[PaulConventionWV]

Thanks for the info. Sounds like you know more about this than I do. Its weird worrying about rich people stuff.

I know, right?

 

[PaulConventionWV]

Just got back in at about the same price I sold at. So far, it looks like I predicted the bottom pretty good.

In @ $797

 

[nayjevin]

I'm actually really concerned about this. Does anyone have any advice for making transactions over $10,000? I figure the IRS will know about it one way or another, but I'm trying to figure out how to deal with that. Anyone who is savvy on tax law, what are your plans for dealing with Coinbase in large amounts? When/how does the IRS go after you, and how much will they ask for? Also, do they check out your whole history while they're at it?

Just pay your damn taxes. What does it matter, if you actually end up profiting for the calendar year, you'll be a pig in shit anyway.

 

[nayjevin]

That's straight up BOSS.

Low 804!

-----------------------------------

eta...


well we're back down here "retesting"


I try not to freak out in situations like this... Is what it is... I "already beat the curve" so I hold... don't get me wrong... if I get sense of another parabolic down... I might play it stressed trigger finger short... But I like longs because they're more predictable; 48 hours or more in advance.

So in my case I dumped 29.05 last night to buy 26 today.

Tha'ts win... more crypto than I had yesterday.




23.3/ltc last alerts me, but doesn't scare me.

I like that, when I saw it toward 820 I would a said 840'all be fine, some gains within a week. Super conservative

 

[Dianne]

Just pay your damn taxes. What does it matter, if you actually end up profiting for the calendar year, you'll be a pig in shit anyway.

Can't you withdraw smaller amounts for deposition to your bank account; i.e., cash out on 0.10 btc at a time? I think 5k and above is the limit in which the bank must inform the feds; although they probably inform the feds of everything if you're in one of the bankster banks; i.e., jp morgan, bank of america, etc.

 

[PaulConventionWV]

Just pay your damn taxes. What does it matter, if you actually end up profiting for the calendar year, you'll be a pig in shit anyway.

Wow, what crawled up your ass?

 

[PaulConventionWV]

Can't you withdraw smaller amounts for deposition to your bank account; i.e., cash out on 0.10 btc at a time? I think 5k and above is the limit in which the bank must inform the feds; although they probably inform the feds of everything if you're in one of the bankster banks; i.e., jp morgan, bank of america, etc.

No, I'm pretty sure it's $10k. If not, then I've already been reported. By the way, what you just suggested doing is called structuring, and it's illegal.

 

[nayjevin]

Wow, what crawled up your ass?

Haha, sorry. I just hate seeing people stress about taxes. It's really stress free to just accept.

 

[Dianne]

The trollbox is going wild, lol.. We're at 786. and trollbox says GOX is down.

 

[Dianne]

No, I'm pretty sure it's $10k. If not, then I've already been reported. By the way, what you just suggested doing is called structuring, and it's illegal.

I just looked it up, it is 10,000.... was 5k in the olden days )

 

[nayjevin]

TRIPLE YOUR LITECOIN IN 60 DAYS


with love,

litepresence


[S

 

[PaulConventionWV]

Haha, sorry. I just hate seeing people stress about taxes. It's really stress free to just accept.

Indeed it is. It would be really stress free if we just didn't worry about liberty at all, I suppose. Just accept the TSA, taxes, Obamacare, the fed, getting thrown in jail and fined, etc.

 

[nayjevin]

Indeed it is. It would be really stress free if we just didn't worry about liberty at all, I suppose. Just accept the TSA, taxes, Obamacare, the fed, getting thrown in jail and fined, etc.

Let it not be said that his kids brought him no trading peanuts in tax prison on visiting day.

 

[presence]

 

[Dianne]

Can someone explain what this random chart means?

 

[nayjevin]

Can someone explain what this random chart means?

Up to the dot in the center of the cone has actually occurred. The dot is now. After the dot is theory of what might happen if it behaves similarly to the past on a larger scale.

Edit... that's not right. Fluorescent is future... hmmm... I dunno.

My guess is this says if your srategy is maximize profits (highest risk) and you believe historical data projection theories the next ltc move is sell as close to 25 as you can and buy as close to 21 as you can.