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04-20-2021, 07:25 PM
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AO Sponsor
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Join Date: Jun 2013
Location: Airdrie, AB and Part Time BC
Posts: 3,005
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Quote:
Originally Posted by fishtank
How do one go about selling and cash out ?
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My very basic understanding is it is like PayPal or something where the his bank account is hooked to his broker and the broker exchanges for money deposited to his account.
He just told me he converted 70K to cash and is paying off his vehicle and remaining debt and is letting the rest ride some more. Good for him!
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Urban Expressions Wheel & Tire Inc
Bay #6, 1303 44th ave NE
Calgary AB, T2E6L5
403.769.1771
bobbybirds@icloud.com
www.urbanexp.ca
Leviticus 23: 4-18: "he that scopeth a lever, or thou allow a scope to lie with a lever as it would lie with a bolt action, shall have created an abomination and shall perish in the fires of Hell forever and ever.....plus GST" - huntinstuff April 07/23
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04-21-2021, 12:41 AM
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Join Date: Feb 2009
Posts: 5,121
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Quote:
Originally Posted by tirebob
A good buddy of mine dropped $3500 into a crypto currency called SAFEMOON on his birthday not long ago on a whim. Just logged into his wallet this morning and gave himself an aneurysm... He sent me a screen shot... Over $232K in Canadian dollar value!! Dang!!
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Thats awesome!! Mine was up there too. I was thinking of converting to bitcoin, then buying a tesla roadster as tesla takes bitcoin. then sell the roadster, maybe avoid some taxes, cuz you know they are coming. lol
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04-22-2021, 07:19 AM
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Join Date: Jul 2009
Location: North Sask.
Posts: 358
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04-22-2021, 09:56 AM
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Join Date: Jan 2009
Posts: 1,016
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Quote:
Originally Posted by tirebob
My very basic understanding is it is like PayPal or something where the his bank account is hooked to his broker and the broker exchanges for money deposited to his account.
He just told me he converted 70K to cash and is paying off his vehicle and remaining debt and is letting the rest ride some more. Good for him!
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Good job on him taking profit out, it shat the bed hard last couple days. These meme coins can pump really hard but they usually crash just as fast.
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04-22-2021, 11:40 AM
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Join Date: Jul 2020
Location: Calgary
Posts: 26
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y
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04-29-2021, 03:24 PM
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Join Date: Mar 2021
Location: edmonton
Posts: 31
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to the moon?
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04-29-2021, 06:03 PM
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Join Date: Jun 2011
Posts: 3,713
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There are some who can live without wild things, and some who cannot. Aldo Leopold
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04-29-2021, 06:49 PM
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Join Date: May 2010
Location: edmonton
Posts: 3,850
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Quote:
Originally Posted by bdub
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Tesla sold some as well ..
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05-05-2021, 08:00 PM
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Join Date: Jun 2011
Posts: 3,713
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Governments are continuing to crackdown on cryptos. IRS wants to know who uses it.
https://www.reuters.com/world/us/us-...cy-2021-05-05/
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There are some who can live without wild things, and some who cannot. Aldo Leopold
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05-06-2021, 10:27 AM
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Join Date: Jul 2011
Posts: 2,050
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yes the great equalizer to the highs felt by gains is the tax liability. You have to ask where you want your money to go, 50% of it going to Ottawa or 15% to an offshore casino for fees
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05-06-2021, 10:45 AM
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Join Date: Jul 2011
Posts: 2,050
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Quote:
Originally Posted by fishtank
How do one go about selling and cash out ?
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I hear this question often, typically with no understanding that you can pull the cash easily, if I can't get my cash there is no value.
I use NDAX.IO for my trading.
I make my sell, the money is then in my digital wallet in CDN, and then there are a few options:
I can then use the cash to buy more cryptos IE bitcoin. Then I can use the bitcoin to buy amazon giftcards, which can then be used to make all your daily purchases.
I can take the CDN cash and EMT to my RBC account, RBC reports these deposits.
I can take the CDN cash and buy chips at an offshore casino, leave the cash there for a few weeks then withdraw, paying the chip fees.
there are other options to pull your cash if you look into it, clearly the two options I listed could have an aura illegality and that is why I only deposit directly in to my RBC account.
Cryptos are rife with tax avoidance and evasion practices and I think the leaders will scrutinize these transactions as the popularity increases.
I have successfully sent money from my RBC account to NDAX.IO made my crypto trades, cashed out and re-submitted to my RBC account without issue
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05-06-2021, 03:11 PM
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Join Date: Sep 2011
Location: Edmonton
Posts: 314
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Don't have to worry if you never sell for cash.
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05-06-2021, 05:15 PM
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Join Date: Jan 2014
Location: Edmonton
Posts: 5,627
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Signed up for Coinsquare. Etransfered the 1K just for poops and giggles. Got one K worth of dogcoin. Was up 14% in the first 24 hours, woohoo!
To me it’s like a roulette…
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05-08-2021, 10:06 PM
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Join Date: Feb 2009
Posts: 5,121
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Crazy day in crypto. Some huge increases!! Ol Ellon will be on Saturday night live, that alone will likely push things. Crazy money to be made. Got some friends that literally woke up millionaires today. FEG, MUNCH, to name a few coins worth buying.
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05-09-2021, 01:01 PM
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Join Date: Jan 2014
Location: Edmonton
Posts: 5,627
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Musk did nothing but crashed the dogecoin.. his mom said that she hopes for non dogecoin Mother’s Day present. Coin tanked during the show but rebound slightly after… still down today compared to that before the show…. Now I hope that he will tweet something silly again and that will propel the dogecoin again…
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05-09-2021, 01:27 PM
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Join Date: Feb 2012
Location: Blackfalds
Posts: 6,948
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Quote:
Originally Posted by KGB
Musk did nothing but crashed the dogecoin.. his mom said that she hopes for non dogecoin Mother’s Day present. Coin tanked during the show but rebound slightly after… still down today compared to that before the show…. Now I hope that he will tweet something silly again and that will propel the dogecoin again…
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How long did it take to get funds in your Coinsquare account?
I followed the instructions and sent an e-transfer of $500 to test the waters and it’s been 3 days now and still no funds in my account.
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Trudeau and Biden sit to pee
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05-09-2021, 04:07 PM
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Join Date: Jul 2011
Posts: 2,050
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Quote:
Originally Posted by DiabeticKripple
How long did it take to get funds in your Coinsquare account?
I followed the instructions and sent an e-transfer of $500 to test the waters and it’s been 3 days now and still no funds in my account.
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That's too long, fund emts shouldn't take more than 30 minutes
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05-09-2021, 07:29 PM
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Join Date: Sep 2012
Location: Grande Prairie
Posts: 326
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Quote:
Originally Posted by KGB
Signed up for Coinsquare. Etransfered the 1K just for poops and giggles. Got one K worth of dogcoin. Was up 14% in the first 24 hours, woohoo!
To me it’s like a roulette…
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What did you use for the referral code? It won't let me sign up.
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05-09-2021, 07:55 PM
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Join Date: Feb 2009
Posts: 5,121
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Quote:
Originally Posted by KGB
Musk did nothing but crashed the dogecoin.. his mom said that she hopes for non dogecoin Mother’s Day present. Coin tanked during the show but rebound slightly after… still down today compared to that before the show…. Now I hope that he will tweet something silly again and that will propel the dogecoin again…
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Dogecoin maybe, but feg and munch..... up huge!!
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05-09-2021, 09:13 PM
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Join Date: Jan 2014
Location: Edmonton
Posts: 5,627
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Quote:
Originally Posted by DiabeticKripple
How long did it take to get funds in your Coinsquare account?
I followed the instructions and sent an e-transfer of $500 to test the waters and it’s been 3 days now and still no funds in my account.
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Funny you asked! It took me merely 30 minutes to get everything done including the e transfer. My buddy couldn’t get in either, after 3 days he cancelled the e transfer. He was emailing them and trying to get a hold of anybody but totally unsuccessfully. Not sure what was going wrong there, he decided to open an account with NDAX instead. I did too, since they have Cardano listed. I was told this is the next best thing… 
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05-09-2021, 09:17 PM
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Join Date: Jan 2014
Location: Edmonton
Posts: 5,627
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Quote:
Originally Posted by mooseknuckle
Dogecoin maybe, but feg and munch..... up huge!!
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What a hell is FEG and munch? Lol, I have no clue what I am doing Gonna throw $1K into Cardano, was reading it should be good!
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05-09-2021, 09:20 PM
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Join Date: Jan 2014
Location: Edmonton
Posts: 5,627
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Quote:
Originally Posted by mooseknuckle
Dogecoin maybe, but feg and munch..... up huge!!
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Dogecoin went down during the show but recovered later. Not even 24 hours and it is still hovering around $0.65-0.70
No idea what to expect but I will play for a while.
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05-09-2021, 09:24 PM
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Join Date: Jan 2014
Location: Edmonton
Posts: 5,627
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Here is an article from February about all these coins- shmoins, lol!
https://medium.com/wealthlovers/5-al...1-e78496747ced
Kinda gives you some prospectives, especially when you consider that it was written in February….
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05-09-2021, 09:50 PM
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Join Date: Aug 2013
Location: The Bush
Posts: 2,797
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Quote:
Originally Posted by Jayhad
That's too long, fund emts shouldn't take more than 30 minutes
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false, with coinsquare it can take a few days depending on how busy they are. I have used coinsquare for years. Sometimes they accept the emt that day, sometimes if they are busy it takes a few days. Says right in the options that EMT's can take 2-3 days
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05-10-2021, 11:37 AM
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Join Date: Feb 2009
Posts: 5,121
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Quote:
Originally Posted by KGB
What a hell is FEG and munch? Lol, I have no clue what I am doing Gonna throw $1K into Cardano, was reading it should be good! |
Lol, I asked the same thing. You can buy these coins through uniswap. You'll need a coinbase wallet and shake pay. It gets complicated. But Holy cow...... this munch is going insane.....get some if you can. Alot of millionaires this morning!!
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05-10-2021, 11:43 AM
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Join Date: May 2010
Location: edmonton
Posts: 3,850
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Quote:
Originally Posted by mooseknuckle
Lol, I asked the same thing. You can buy these coins through uniswap. You'll need a coinbase wallet and shake pay. It gets complicated. But Holy cow...... this munch is going insane.....get some if you can. Alot of millionaires this morning!!
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another doge imitation coin shiba inu , this is like playing crypto roulette .. 
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05-10-2021, 11:55 AM
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Join Date: Feb 2012
Location: Blackfalds
Posts: 6,948
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My transfer went through today. Must’ve been a backlog in their system. I got some Etherium since it seems to be doing really well.
I’m more of a long haul guy, but if it starts to get wild I won’t hesitate to jump out lol
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Trudeau and Biden sit to pee
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05-10-2021, 11:59 AM
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Join Date: Jun 2010
Location: Calgary, Alberta
Posts: 3,886
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Moose. How are you buying munch? I've got coinbase and binance and don't see it on there
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05-10-2021, 01:53 PM
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Join Date: Feb 2009
Posts: 5,121
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Quote:
Originally Posted by JB_AOL
Moose. How are you buying munch? I've got coinbase and binance and don't see it on there
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Ahhh man my phone won't quit. Got a line up of folks needing assistance, really tough to explain. You will need shake pay, go to uniswap connect to your wallet, you trade etherium for munch. You will have to type in much and import it. There are several YouTube videos that are quick and walk you through the steps.
Get in it if you can..... this thing is really moving. Wish I dropped 10k in it 6 weeks ago like my dad, he just hit 7 figures. Go figure, story of my life a day late and a buck short. Lol
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05-10-2021, 02:17 PM
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Join Date: Jun 2011
Posts: 3,713
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Never hurts to take profit. Pigs get slaughtered they say.
__________________
There are some who can live without wild things, and some who cannot. Aldo Leopold
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