Posted by: Fast-Orange
Anyone else riding this ethereum wave?
Late to the party but I bought two coins a couple weeks ago when they were around 2k$.
With that and the other alt coins I jumped into I've made twice in the last two weeks what I made at work. Almost 100% return on my total investment in 2 weeks!
There is of course the fear that at any moment this can all go poof and vanish but I'm trying to silence that voice and keep hodling. I haven't dumped life savings into it. Just enough to be life changing if the crypto fanboy predictors are right in their 10 year predictions.
Plan is to drop 100-200 bucks off every paycheque from now on into my crypto wallet.
One question I have which may have been addressed earlier in the thread are the tax implications. Is trading one coin for another in my wallet considered a capital gain or does that only happen when I cash evetything in back to fiat?
where do you buy your ETH? I use a Zengo wallet and buy through coin mama, which is great for BTC - but when I bought ETH I lost a bunch in the buy, like 30% , so now that it's up, most the gain is just getting me back to what I paid. not sure WTF happened