Wait what’s supposed to happen on 4/20?
a lot of people will overpay for dogecoin
ngl missing out on doge and gamestop makes me want to pay more attention to meme/trendy stocks goin up cuz theres still money to be made even tho idl the stocks
a lot of people will overpay for dogecoin
Are they tryin to GME that s*** and drive the price way up?
I only put $50 when it was worth a nickel smh mad at myself for not throwing at least a grand at it. Tf is 50 gonna do
Are they tryin to GME that s*** and drive the price way up?
yea, robinhood will probably halt trading
how do taxes work with stuff like that fr ?
not very educated on it
it just counts as income. Say you're making 60k at work this year, your tax bracket is at 22%. You made 10k buying and selling crypto/stock, you'll end up paying 22%, or 2200, for it during tax time.
If you hold for over a year though, you get the capital gains tax rate at 10%.
ngl missing out on doge and gamestop makes me want to pay more attention to meme/trendy stocks goin up cuz theres still money to be made even tho idl the stocks
just pay attention to real stocks and crypto and make real money
tbh OP is doing great, if he fails he has to hodl until it goes back up.
risky but if 5k is spare money for you that’s on you lmfao
I ain’t even risking 100 right now.
It’s actually risky to hold and wait for it to rise back up again. There’s always the possibility of the asset taking a complete s*** on itself and you losing a lot of money.
In the long run it’s better to have a risk management strategy where if the price of your asset falls below a certain threshold it automatically sells. Hardcore investors install software to do this, or you if you have time, stay glued to your phone and watch the prices like a hawk.
And then you try again tomorrow and see if you can make a profit.
“Riding” out an extremely volatile asset is a quick way to go broke.
It’s actually risky to hold and wait for it to rise back up again. There’s always the possibility of the asset taking a complete s*** on itself and you losing a lot of money.
In the long run it’s better to have a risk management strategy where if the price of your asset falls below a certain threshold it automatically sells. Hardcore investors install software to do this, or you if you have time, stay glued to your phone and watch the prices like a hawk.
And then you try again tomorrow and see if you can make a profit.
“Riding” out an extremely volatile asset is a quick way to go broke.
most of the people is believing on 4/20 catapulting Doge to 1 dollar. I doubt it. Binance even set up a scheduled maintenance for the exact time most people will be trading in mass
either way I just want to recoup my investment and watch for the dips if it happens.