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Top is here: Wife bought Dogecoin Saturday.
godawgst
Member, Swaye's Wigwam Posts: 2,409
$500 thru Robinhood.
Let's just say her stock experience is limited (as in essentially none), but saw it on a facebook link and had a friend buy in.
So with that, what can people tell me about it? Top 5 crypto, top 10, etc. Saw it was .007 back in January and high as .45 last month or so.
Also see it trades 24/7.
I can see why people can trade and make good money on it. As the old saying goes you don't have to outrun the bear, just be able to outrun one person also being chased by the bear. I understand versus the pros I am the mark, but time/experience would allow me to be profitable playing those penny/2 changes through out the day.
For those who have bought/sell it, do you get a statement at the end of the month/year showing you the profit/losses on your buys and sells, and is that also reported to the IRS?
Let's just say her stock experience is limited (as in essentially none), but saw it on a facebook link and had a friend buy in.
So with that, what can people tell me about it? Top 5 crypto, top 10, etc. Saw it was .007 back in January and high as .45 last month or so.
Also see it trades 24/7.
I can see why people can trade and make good money on it. As the old saying goes you don't have to outrun the bear, just be able to outrun one person also being chased by the bear. I understand versus the pros I am the mark, but time/experience would allow me to be profitable playing those penny/2 changes through out the day.
For those who have bought/sell it, do you get a statement at the end of the month/year showing you the profit/losses on your buys and sells, and is that also reported to the IRS?
Comments
When you click on the specific stock or crypto scroll towards the bottom and you’ll see your equity, growth $’s, and growth %.
Here, yea, I’m pour.
My question was if you sell it at a gain or loss at the end of year is it treated like a stock where the irs gets a copy and you are to report them just like you do traditional securities?
Will hit $19,682 by labor day.
I like to say "whatnot"; IWILTD.
Lolz.
1 hr chart looks pretty bullish. For those technical folks out there, good volume levels and C&H pattern for a push up