Well, there's the small but non-zero chance of losing all your money if it collapses. That's a pretty big catch if you ask me. Is the reward worth that risk? Only you can make that call. But for me, the answer is no. As someone who got (mildly) burned by the Celsius fiasco, I've learned the lesson well - not your keys, not your coins.
@sharkman4698 i think it's ok to play with a very small amount like modernmining is doing, as long as you only gamble with what you can afford to lose, it's OK.
Dude why ? Keeping that all on track for tax purposes will be a nightmare. Not really something for the typical Joe miner. But still a 👍if you are willing to take on the xtra burden.
Luckily they have a great export function to import all the trades into koinly etc. i was worried about the total amount of transactions but koinly is $100 per 10k transactions and like 150 trades would cover that $100 price tag. Good things to point out though and thanks for stopping by!
I am fully into ETFs (5 Different ones) with the Local Bank It goes from 5% to even 16% Profit but you sign a Paper and get your money in like 5-6 Days It is no Crypto but fully yours after 26% (ITALY) Taxes.. I would not go any other way Just for maby Double that each Year but you are Stuck in Crypto.. Still Maby as A try I will Consider the 15$ Fee to Pull out and the other small Fees.
I’m guessing you did like an eth/btc bot. If you do anything with usdt the only way you lose is if the coin goes above your upper limit you lose some gains potential
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Is this a kyc exchange?
Happy new year 🎆🍾
But is there a catch?
Only catch is if the coins 10x you lost out on the upside cause you sell at your upper limit. Doesn’t apply to the usdc/usdt ones though
The catch is to not screw up your settings.
Well, there's the small but non-zero chance of losing all your money if it collapses. That's a pretty big catch if you ask me. Is the reward worth that risk? Only you can make that call. But for me, the answer is no. As someone who got (mildly) burned by the Celsius fiasco, I've learned the lesson well - not your keys, not your coins.
@sharkman4698 i think it's ok to play with a very small amount like modernmining is doing, as long as you only gamble with what you can afford to lose, it's OK.
@andrewjones198 hey Andrew, you seem very actief in the community, are you a gpu miner? If so, how many gpu's and what's your electricity rate?
Soo. Any trading bots that can achieve the same with much larger amounts ?
The btc/usdt or eth/usdt bots get around 10% in my experience.
Can you do another video discussing what grids are and how taxes will work?
Dude why ? Keeping that all on track for tax purposes will be a nightmare. Not really something for the typical Joe miner. But still a 👍if you are willing to take on the xtra burden.
Luckily they have a great export function to import all the trades into koinly etc. i was worried about the total amount of transactions but koinly is $100 per 10k transactions and like 150 trades would cover that $100 price tag. Good things to point out though and thanks for stopping by!
Taxation IS THEFT.
Id like to try one of these soon.
Problem is they can just go up and close. I tried doing this with Voyager and other exchanges and they closed and I lost my money. Good video though.
True inflation went up ~%20
I am fully into ETFs (5 Different ones) with the Local Bank It goes from 5% to even 16% Profit but you sign a Paper and get your money in like 5-6 Days It is no Crypto but fully yours after 26% (ITALY) Taxes..
I would not go any other way Just for maby Double that each Year but you are Stuck in Crypto..
Still Maby as A try I will Consider the 15$ Fee to Pull out and the other small Fees.
i wish i could use pionex in ny. even if you use a vpn you still need to verify your address
Even after being US exchange i'll suggest don't put that much money.
Just got into bots !!!! Kind of a late bloomer……😢I’m still trying to get it running…..
when i first tried it , i made my own bot and lost -15%
and when i used the AI Strategy they made got with the same duration got 4% profit 😂
I’m guessing you did like an eth/btc bot. If you do anything with usdt the only way you lose is if the coin goes above your upper limit you lose some gains potential