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Showing posts with the label Crypto Trading

Crypto Market Soared Overnight from US$1.865T to US$1.973T

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That's like 108 billion US dollars entering the market overnight, wow. Hedge funds buying in?

Crypto Market Down 06 Apr 2022

https://marrythaigirlsingapore.blogspot.com/2022/03/btc-and-eth-all-in.html Haha, alamak, the biggest threat to me is actually me, aiyah, should not let emotion take charge. I think maybe following article will give an idea on what caused the dip: https://www.cnbc.com/2022/04/05/-key-people-from-the-fed-just-spooked-the-markets-heres-what-they-said.html Anyway from all in until now, lucky I did some swing trades with $ETH, made some profit, also broke up my $ETH into 4 parts, so didn't get stuck too badly, phew. Trading 101, be patient, need to train my patience more. I also managed to clear off my myriad of coins and keep only $BTC, $ETH and $CRO, these 3 are my personal favourites so I'm happy with this, no more buying other coins lol, so difficult to manage, 3 is so much easier to focus.

BTC and ETH All In

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Just made a crazy move and went all in after I realised this huge bullish signal from Terra, didn't catch my attention earlier but today it slowly sit in and I decided to make this move. The chart also doesn't seem to have any resistance all the way to $65,505, seems kind of crazy, hope I didn't read it incorrectly... Anyway there are many confirmations that Terra is indeed accumulating lots of BTC, daily from 22 Mar until 28 Mar except 27 Mar which is a Sunday, guess they taking a break from all that buying. It will take another few weeks for them to hit $3B, so I think it will push the market up and kill all the shorts. Wish me luck haha. My wife say this year I will be lucky, hope this is it, just have this voice that keeps telling me to do it... The BTC wallet: https://bitinfocharts.com/bitcoin/address/bc1q9d4ywgfnd8h43da5tpcxcn6ajv590cg6d3tg6axemvljvt2k76zs50tv4q https://blockchair.com/bitcoin/address/bc1q9d4ywgfnd8h43da5tpcxcn6ajv590cg6d3tg6axemvljvt2k76zs50tv4q The t

India: 30% Capital Gains Tax and 1% TDS for Crypto

https://www.coindesk.com/policy/2022/03/25/indias-stiff-crypto-tax-legislation-becomes-law "Indians will begin paying a capital gains tax of 30% on crypto transactions in just one week after Parliament passed a controversial tax proposal on Friday, sparking uproar and disappointment among those in the country's crypto industry. In addition to the capital gains tax, Indians buying or selling crypto will have to pay a 1% tax deducted at source (TDS) , as well as taxes on crypto gifts , with no ability to take deductions for losses. The crypto taxes will come into effect on April 1 , while the TDS will start on July 1 ." Wow, that's some huge taxes, let's run some numbers. Assuming I'm buying 1 BTC on Crypto.com Exchange. Buy Buy 1 BTC at $44,500 Trading fee is 0.4% of the BTC = 0.004 BTC, so I receive 0.996 BTC My average price is $44,678.71 Sell So when BTC goes up to $50,000 and I sell $50,000 * 0.996 = $49,800 Trading fee is 0.4% of the dollar value = $199

Crypto Profit or Loss?

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I started "investing" in crypto last year, bought my first 50 units of $CRO coin on 23 Dec 2021, so from then until now is 86 days. The following is my realised profit, I never sell at loss so whenever price drop I just keep buying, only sell at gain, so below is all profit. Now that I think of it I think I bought too many types of coins, over diversified. So if $2902.826926 USDC convert to Singapore dollars is S$3,936.81, that's like S$45.77 per day. By the way there is a $25 USDC charge if I transfer back to my Singapore bank account. 1 USDC = 1 USD. I think if put the money in bank will never earn this kind of interest. Also learned a lot from all these crazy buying and selling, I am clearing as much coins as possible, then I will focus on just a few solid "blue chips", but actually many good crypto projects out there, cannot possibly buy into everything, too many coins too difficult to track and take action, it's like all buildings on fire don't know

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