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    Home Unlabelled Litecoin If you got the chips, buy the dip.

    Litecoin If you got the chips, buy the dip.

    February 01, 2018

    Litecoin If you got the chips, buy the dip.

    If you got the chips, buy the dip.

    Posted: 01 Feb 2018 02:01 AM PST

    We're back to 150, where we were at the first week of December. Remember, it only took a day to double up to 300 from that point. Call me bullish but, It happened once, it can happen again. Where my bulls at?! We need some more optimism, faith, adaptation, and positivity.

    submitted by /u/jazzrootsherbs
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    Alerts have you like ....

    Posted: 01 Feb 2018 05:35 AM PST

    "This is a great article that captures really well the history of Litecoin and my vision for it."

    Posted: 01 Feb 2018 06:02 AM PST

    Should I outline this in white? (Also if you have any interests PM me)

    Posted: 01 Feb 2018 11:12 AM PST

    41% of all Bitcoin ATMs Now Support Litecoin

    Posted: 31 Jan 2018 02:03 PM PST

    US: SEC, CFTC To Focus 100% On Crypto In Dedicated Hearing Next Week

    Posted: 01 Feb 2018 07:52 AM PST

    First airline accepts cryptocurrency including btc and ltc

    Posted: 01 Feb 2018 03:29 AM PST

    I finally figured out how to file my taxes with crypto gains. Using multiple exchanges, Cointracking.info, and Turbotax.

    Posted: 01 Feb 2018 09:49 AM PST

    I spent a lot of time gaining information on Reddit so I figured I'd give back by summarizing how I filed my (U.S.) taxes in what I believe was the correct manner. Real quick, I used Cointracking.info (can also use Bitcoin.tax) to calculate my gains/losses using FIFO and generate my tax reports. I filed using the Deluxe desktop version of Turbotax so I can upload my reports. NO I DID NOT HAVE TO MANUALLY ENTER EACH TRANSACTION! But you have to get the CD/Downloaded version of Turbotax. There is no web version that allows you to upload your reports...and don't worry, after calling to confirm this with Turbotax I let them have it. Also, I am not being paid or providing referrals to any of these sites/programs....they worked for me so I figured I'd share for free.

    I am not a tax or accountant professional so take the following with a grain of salt....

    First things first, you have to figure out your "realized" crypto gains. I'm not going to go into detail here as many will ignore the truth that converting from one crypto to another is considered a taxable event. You're an adult, you make your own decisions but honestly I was surprised at how little of my crypto was considered realized once I ran all my numbers.

    Since I've started crypto, I've used a couple different exchanges and Shapeshift (will never use again after this whole ordeal). Cointracking.info gives instructions on how to import your trades from all the major exchanges. (WARNING: pay attention to the timezones; Coinbase for example shows you the time of transaction in your timezone when you're viewing the site but once you download the data it will switch to Pacific Time, Binance will be in UTC time...etc.) If you don't have the time correct then your FIFO calculations and Short/Long term gains can be off. Shapeshift or any other non-exchange activity can be uploaded using excel or you can manually add individual transactions. Don't forget to review the transactions once you think you have every thing into your coin tracking site as the super nerds who created the algorithms aren't always correct. Ask your self questions like "did I really make a trade at 3:00 am on a work-night" or "does my final balance match what I actually have in my wallets".

    Once you have all your transactions completed you can download the Form 8949, (keep this for your records in case you're ever audited or more information is requested) and a Turbotax specific file called Capital Gains Report. File your taxes on the DESKTOP version of Turbotax as you normally would. When it asks about income there is a place you can go to upload documents. Upload the Capital Gains Report provided. Turbotax is smart enough to recognize and auto populate all ~75 trades that I had onto a 1099-B. Again, NOT A PROFESSIONAL, I heard something about mailing in your Schedule D/8949 but everything seems to be reported correctly on the 1099-B so this does not appear to be necessary. And that was it! I live in North Carolina and I did not see anywhere where I needed to report any of this information for the state form.

    If you don't want to believe a stranger on Reddit then you can get the desktop version of the Premier Turbotax which comes with the ability to get free CPA help over the phone. Or you go to your tax professional and have him/her do your taxes but they'll need the Form 8949 provided to you by your coin tracking site.

    Feel free to let me know if I'm an idiot in the comments as again, I am not a tax professional nor an accountant, just a guy who likes to DIY and learn how/why taxes work to save some money.

    submitted by /u/Lusitanius
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    Just paid for kratom with LTC.

    Posted: 01 Feb 2018 07:23 AM PST

    Not sure how many kratom users are out there. I take it for a couple reasons, mostly pain management for my back. Just noticed today that canopy botanicals offered various crypto payments and chose to use some litecoin. The transaction went smooth and I sent them a note thanking them for accepting crypto. It was actually less of a pain in the ass then getting out my wallet and entering in all my card info. I hope the rest of you folks are spending it when you can too.

    submitted by /u/VoodooLabs
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    Australian exchange CoinJar now supporting Litecoin (LTC)

    Posted: 01 Feb 2018 02:18 AM PST

    Spend some ltc today folks, it's the 1st of the month ! :)

    Posted: 01 Feb 2018 10:42 AM PST

    Remember to get some nocoiners in they'll be super happy AND they'd probably see their ltc rise in usd terms in a few weeks

    submitted by /u/capkirk88
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    My plan to start accepting Litecoin at my restaurant.

    Posted: 31 Jan 2018 08:46 PM PST

    I plan on having a few weekly crypto parties at my restaurant where I give away 1 litecoin to 5-10 people every week for 3-4 weeks. After that generates some buzz, I'm going to start accepting litecoin as payment. I've seen a few options for accepting payments, but I think I'll just post a new public address every day for receiving. Then to verify txs, I'll just have a block explorer open and ready on an iPad, hit refresh and make sure I have the confirmations I need.

    What do you guys think? Any advice or suggestions?

    submitted by /u/flippinlikebirds
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    The founder of litecoin: Charlie Lee

    Posted: 01 Feb 2018 03:04 AM PST

    Logistic Giant FedEx Makes a Move to Adopt Blockchain

    Posted: 01 Feb 2018 02:38 AM PST

    @LTCFoundation: If you our shiny gold wallet is not what you want, you may like our coming light titanium wallet.

    Posted: 01 Feb 2018 03:07 AM PST

    Whats the story of chikun ?

    Posted: 01 Feb 2018 08:18 AM PST

    Anybody can explain me all the joke/meme around chicken and litecoin please ?

    submitted by /u/Taranis70
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    The Future of litecoin is bright with Monero.. Atomic swap!

    Posted: 31 Jan 2018 05:07 PM PST

    The next big move is an atomic swap LTC vs XMR thats what Charlie was talking about.

    submitted by /u/-Homeless-Trader
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    For the Spanish Community (Spain): I've made a lot of stickers with the classic "accepted here" line but in Spanish. If you want some for free for your business let me know and I will send you via postal service! The best way to see crypto growing is by using it!

    Posted: 31 Jan 2018 03:07 PM PST

    I this community since June 2017..and I can't understand some people??

    Posted: 01 Feb 2018 10:15 AM PST

    Always, but always at ATH people complain that they lost the "train","moon trip"..and now, when they have the opportunity to buy LTC at almost a 1/4 of ATH they complain that is going to crash and they afraid of losing money.

    submitted by /u/al2code
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    With tactics like these, how can crypto beat big banks?

    Posted: 01 Feb 2018 11:13 AM PST

    Saw this on Facebook from some USI-Tech poster and I just know they have no idea what they’re talking about

    Posted: 01 Feb 2018 07:11 AM PST

    Recent Charges From Using Coinbase And Credit Card (Important)

    Posted: 01 Feb 2018 07:43 AM PST

    Hello Friends, Some of you may or may not know that COINBASE transactions have currently changed in regards to fee for many credit card transactions. It may be showing up as a "cash advance" on your statement for those who have their credit card linked to the account. There was a change in the MCC code fore digital purchases, and the fees can be quite high. I contacted my credit card and the interest on such 'loans' are 26+ percent, and also 10%$ or 5% fees on each transaction. Be aware of this, because it surprised me when I inquired about such fees. Here is the conversation I had with a credit card rep.

    Hello, good morning. I have a few questions in regards to COINBASE transactions, in regards to fees incurred on my account. It shows that these transactions are showing up as 'cash advances', what kind of fee will be attached to such transactions? Also, I do not see any additional fees logged or shown near these transactions, are they already applied? Thank you.

    Credit Card Company Rep Kourtney at 8:29, Feb 1: To clarify, the way a Coinbase transaction is put through is based on them, the merchant, directly, although, if it is submitted as a cash advance, there will be a fee of 5% or $10, whichever is greater, and a variable interest rate of 26.49% accruing daily.

    Kourtney at 8:30, Feb 1: It does show though, that the Coinbase charges on your account are indeed, cash advances.

    You at 8:31, Feb 1: COINBASE CHEAPSIDE GB Collapse Details Additional Details Transaction Type: Cash Advances Posted Date: Jan. 29, 2018

    Kourtney at 8:31, Feb 1: Yes, correct.

    Kourtney at 8:31, Feb 1: It's a cash advance.

    You at 8:31, Feb 1: So it shows this on my side, dose that mean i am getting a cash advance charge?

    Kourtney at 8:31, Feb 1: Yes.

    You at 8:33, Feb 1: And how will that work? 10$ on each transaction, a one time fee? or a reoccurring 26.49% charge. im a bit confused

    You at 8:33, Feb 1: It shows no charge under or on the transaction

    Kourtney at 8:34, Feb 1: Your current Cash Advance Annual Percentage Rate (APR) is 26.49%. This APR is a variable rate based off your Prime Rate of 4.5% plus 21.99%. Interest will accrue daily on cash advances until the date the cash advance is paid in full. The fee is 5% of each individual advance total or $10 minimum per advance.

    You at 8:37, Feb 1: I just am a bit confused at the fact that it is showing up in such a way. And that I would be penalized for taking a 'cash advance' out from a third party. Although it is not actually a cash advance, but rather a purchase in a stock like commodity.

    Kourtney at 8:39, Feb 1: To clarify, you are not being penalized, though, cash advances do have fees and interest.

    Kourtney at 8:40, Feb 1: Also, based on the type of transaction it is, the merchant, Coinbase, submits them as cash advances, as you are essentially purchasing digital currency.

    You at 8:42, Feb 1: So cash advances not taken out directly from the credit card are also considered cash advances?

    You at 8:43, Feb 1: I do not see the fees listed anywhere near the transaction, so its hard to follow/ track.

    Kourtney at 8:43, Feb 1: Correct. A cash advance is when this card is used to withdraw money, purchase currency, etc.

    You at 8:45, Feb 1: So if I pay it off instantly on credit cards end, will the 26% interest not apply?

    You at 8:45, Feb 1: Just recurring debt correct?

    Kourtney at 8:46, Feb 1: Interest begins accruing the day the advance is processed, until the day it's paid in full. If paid the same day, there will be 1 day of interest.

    You at 8:46, Feb 1: Ok, got it. Thank you for your time

    I hear there are more changes on the way, Stay informed friends.

    submitted by /u/Jwoody106
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    Report the scams! We need people to trust in crypto and not have a horrid experience when starting out- Especially on Twitter.

    Posted: 31 Jan 2018 03:21 PM PST

    Need help with binance google auth, so I accidentally deleted the app on my phone and binance is requiring me to type in my google auth code b4 I log in but how can I get the key for the app if binance won’t let me sign In and access it , any quick fix ?

    Posted: 01 Feb 2018 11:31 AM PST

    How Financial Instruments Help to Avoid Big Crypto Tax Bills?: Expert Take

    Posted: 01 Feb 2018 07:41 AM PST
    Read more
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