1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:
- Thread starter JordanWearinThe45
- Start date
I've got a solution 
I'ma hodl til the next president
I'ma hodl til the next president
Been a boring past couple of days. Hopefully the beginning of next week provides a boost.
Freedman
Choppers For Karate Nggas
Ok guys quick question... I have my meta mask wallet setup I can buy small altcoins and store them on my metamask wallet correct and then sell them at other sites at a later date yes???I mean when you sell a coin to a different site they can convert the coin into straight BTC or ETH and then you can cash out with that yes? I don't nessarily stay on these smaller sites in the
Ideally yes this is how its supposed to work. Buy on the exchanges and transfer to your wallet if it accepts the token/coin. And when you decide to sell bring it back to an exchange and sell it for ETH/BTC. I personally cashed out last month and exchanged to ETH, transfered back to Coinbase (Gdax) and then sold there for USD and got my money in 2 days . You also suppose to plan for/pay taxes or something if you into that sort of thing
Funny how the conservative Trump supporters scream "free market, free trade, deregulation, take the banks out of it, take the government out of it, get wall street out of the politicians pockets, less taxes more money for citizens!"
Then we make a decentralized market ourselves, with no government regulations, banks not sucking the money from us, no brokers, it's literally a free market where we get to be partial owners of companies, contribute to the future, and make money. This scares the establishment because joe schmoes are getting rich.
So what does Trump do in his tax plan? FOR WALLSTREET basically they adjust the tax code to force us to pay tax on every single transaction sent in crypto. up to 39% on EVERY SINGLE transaction. Sent billy money taxed, made a trade, taxed, made money FROM that trade taxed, sent it back to your wallet, taxed, sent it to your bank account taxed. A clear attempt to make crypto traders seem criminal, and clearly pushed and influenced by wall street. But even more it's the exact opposite of all of their ideals.
The actual degree of trades, transactions, deposits, and it's relation to the USDT amount at the time of transaction would be near impossible to keep an accurate record of and audit.
What are they going to subpoena chinese companies for ip's and transaction lists? The sheer leg work would be insane.
Capital gains is easy enough. Money made versus investment can be figured out. The rest is crazy and I doubt 5% of the crypto trading base can accurately do their taxes from a whole year of crypto movement. shyt got me tight, fukk them
So how would they know etc...
Would be very hard for them to know unless you got randomly audited and they actually put the leg work in.
"Show us how you got this 13k deposit from coinbase" type of shyt.
They can't. It's smoke and mirrors plus what it is, is they hold you for reporting your own taxes. so if they ever find out you was dodging they could book you.
Funny how the conservative Trump supporters scream "free market, free trade, deregulation, take the banks out of it, take the government out of it, get wall street out of the politicians pockets, less taxes more money for citizens!"
Then we make a decentralized market ourselves, with no government regulations, banks not sucking the money from us, no brokers, it's literally a free market where we get to be partial owners of companies, contribute to the future, and make money. This scares the establishment because joe schmoes are getting rich.
So what does Trump do in his tax plan? FOR WALLSTREET basically they adjust the tax code to force us to pay tax on every single transaction sent in crypto. up to 39% on EVERY SINGLE transaction. Sent billy money taxed, made a trade, taxed, made money FROM that trade taxed, sent it back to your wallet, taxed, sent it to your bank account taxed. A clear attempt to make crypto traders seem criminal, and clearly pushed and influenced by wall street. But even more it's the exact opposite of all of their ideals.
The actual degree of trades, transactions, deposits, and it's relation to the USDT amount at the time of transaction would be near impossible to keep an accurate record of and audit.
What are they going to subpoena chinese companies for ip's and transaction lists? The sheer leg work would be insane.
Capital gains is easy enough. Money made versus investment can be figured out. The rest is crazy and I doubt 5% of the crypto trading base can accurately do their taxes from a whole year of crypto movement. shyt got me tight, fukk them
Bitcoin Private
Bitcoin Private
Lord_nikon
Veteran
It's all expected. People at the top starting to feel threatened by the redistribution of wealth this could possibly bring. This is only the start btw, more legislation is on the way and they will try to price everyone out of crypto entirely, or ban the practice. This is the honeymoon period. The dark period hasn't even started yet.