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If you're on Polygon already, I think I'm going to make an interesting gamble that's virtually never talked about. This is available on QuickSwap. This seems to be very under the radar, I've seen it mentioned a handful of times at best in the course of reading crypto related social media...

Technically not. It's supposed to be treated the same way as moving into cash (I asked this question myself a while back.)

I went all USDC on Friday night. I don’t even think I’m going to rebuy at these prices at the moment until things stabilize.

https://matic.supply/ This will fix your problem.

Haven’t looked at charts in hours as I’ve been busy. Oh lawd! I missed the sale. Shits back where it was this morning.

Nothing wrong with selling at your buy in point. Now that the market has re-dumped a bit I’m not convinced it’s gonna go a lot lower though. Holding for me. Would have liked to have caught that $1.42 but...

MATIC: Hold my beer, I can go even lower.

Holding is still, generally, the right choice. I could have just as easily woke up this morning and MATIC was $2.25 again. I just saw a lot of negativity and stagnation and made a bet on it.

YES. I chose wisely for a change. Went back into all stablecoin last night before bed. Rebought MATIC at $1.60ish. Now I have an entire 14,500 more coins than I did when I started in it two weeks ago. I want to see the market rise and rise but this volatility can really be your friend if you...

Short term is holding under a year. So if you buy X stock for $5000 today, sell it for $10000 tomorrow, then it goes down to $5000 in two months and sell you again, no taxes, they wash out. Long term capital gains only wash out against long term losses. Therein where you can fuck yourself if...

It ain't that bad really. Short term capital losses offset short term capital gains. If you know exactly what you start with, and don't actually take much money out during the year, or you keep track of it very well, you can easily know what your taxes are.

I have a base salary of $140k a year, I live in California, AND I day trade shit relentlessly, so taxes aren't anything new to me unfortunately.

I use QuickSwap for everything on Polygon too. I guess there's 1inch now also, but I don't think it offers too much different.

I have a Pi set up with RetroPi and I just played this two weeks ago for the first time in a while. Showed the girl I'm dating, she thought it was hilarious. I could only get a brief second of coitus in before the arrows killed me (am I talking about real life, or the game?)

Looks like Asia is waking up and smashing the buy button. I was working on some stuff and watching my laptop, and I saw it shoot from 39800ish to 41300 in a flash.

Eh. I guess at the end of the day, who the hell knows. I reckon you can try to read palms and sticks and shapes of clouds all day on this stuff and still be 50 percent correct. I want to see what Asia does this evening.

MATIC is an interesting proposition right now. It's simply not exploding like it was. It's hard to say what it's going to do. I'm hearing lots of chatter on social media (which is usually over bullish)...even from usually positive (overly positive, overly bullish) youtubers that signs are...

That's right. Just moved a casual 809m around.

The unfortunate thing is a lot of people are gambling with money they can't lose, which forces them to panic...there are people betting their rent money on this stuff. So dumb. No different than them taking it to a casino, at any rate.

It dipped for all of about 20 minutes as soon as that news came out. BTC went from 40k down to 38 and change, Eth went down to low 2600s and maybe high 2500s. Then immediately back to where it is now.

I don't like this BTC wavering at 40k and ETH at 2800. IT'S FREAKING ME OUT, MAN (not really.) Is it gonna bust higher or lower.

Oh I gotcha now. Yes, I used QuickSwap into USDC. Doesn't really matter I guess. Tether, DAI, USDC. They all cost about the same fees to use.

Coinbase Pro is cheaper than regular CB, so at least it’s better in that way. Personally I’m happy to be off the exchanges. They’re a good on-ramp to get your money in.

No time soon. Going to wait until it gets higher. Whenever the market settles I expect it to rebound past ATH. ETH gas fees are crazy as are swaps.

Hoofshotz? I never once used it

Ah right, forgot that.

I was on Noowz and I remember James from the early days of whatever the forum was after that. I don’t even remember what name I used back then. What was even the name of the forum right after noowz? Fohguild.org, then something after that?

Just made 5000 MATIC from selling at $2.15 and rebuying at whatever low I got in at. Might even go lower but I’m happy with the +coins for the moment.

Biden confirmed crypto manipulator.

MATIC, my man. I bought in 35k at 70 cents. I just sold it at $2.15 earlier. There was various trades inbetween but that’s where my massive profits came from. That 70 cent buy in was about 2 weeks ago if memory serves. I’m going to buy back into it soon.

It’s flagging a bit...right now I could +2000 matic from earlier but I’m going to wait. I feel like we frequently get dip situations around 9:30 PST (famous last words.) profit is profit this week!

My thought process is, even if I lose a little bit by buying back in at a higher cost than what I exited, I’ll take the peace of mind at the moment. I’m already up huge over the past two weeks.

I’m currently sitting on $105,000 in USDC. I feel like the market is gonna go down a bit again before going back up. And this time, I’m ready for you, you son of a bitch. And if it doesn’t go down, I don’t give a shit at this point. Feels good to be sitting on some cash that isn’t going anywhere.

Kinda curious how it works too, when they give you loans.

What about non-custodial DeFi like AAVE?

It's currently 0.09341

Ha, even Newsweek running an article on this. https://www.newsweek.com/polygon-crypto-matic-price-skyrockets-market-suffers-1592763

Still got all mine. I'll say it's tempting to trade it for ETH as I could get almost 40 of them right now, but MATIC a week from now could very well be $3. Who knows what this rebound is going to look like.

MATIC just touched $2.30 and bounced off, and is now the #13 coin by market cap. That’s wild.