Bitcoin is a Ponzi

[ORDER_66]

My issue is how do I explain that I only moved coins from the exchange to a wallet. I didn't sell for a gain or loss. It's not a taxable event to move coins. How do you communicate that?

That should be fine, the taxable event comes when you sell I believe but that might change down the line when crypto starts getting taxed who knows how washington gonna be. the crypto tax forms is detailed so it should have that information off the exchange whether you sell or not

 

[lib123]

nikkas who had vision and conviction held. They're the whales of today.

Same type who envisioned Amazon becoming more than just a bookstore

nikkas like you lack vision which is why you still don't get it while shyt is becoming adopted all over the world

Lol you know nothing about me or my vision. Vast majority of people who invested in Bitcoin 10+ years ago didn't envision it becoming what it is today. Hence why most either cashed out years ago or forgot where they stored their digital keys. Many of the biggest whales are the later, who have no access to their dormant wallets anymore. And no, literally none of the people who invested in companies like Amazon early invested or believed in crypto. And crypto isn't becoming adopted in real life daily transactions commensurate with its value appreciation. Hence why it's a bubble. It would be no where near what it is today if the Fed didn't inject trillions into the economy in response to Covid.

 

[Exlurkernegro]

The exchange keeps track usually of what you sell and give you tax forms at the Eoy come tax time, coinbase gave me tax forms this year cause i had to declare what i had

So did you have to pay a lot in taxes this year off of your crypto gains?

 

[Cory MBA]

I will look again but it seemed like any movement off the exchange platform resembled a sale for them. Would the transaction emails also have all of the relevant details? I bought off bitmart, coinbase, crypto.com....moved a lot to my coinbase wallet. Have to also figure out all my swaps.

 

[ORDER_66]

So did you have to pay a lot in taxes this year off of your crypto gains?

No, cause I never cashed out I just had to declare it

 

[dєvilsblυєs]

Lol you know nothing about me or my vision. Vast majority of people who invested in Bitcoin 10+ years ago didn't envision it becoming what it is today. Hence why most either cashed out years ago or forgot where they stored their digital keys. Many of the biggest whales are the later, who have no access to their dormant wallets anymore. And no, literally none of the people who invested in companies like Amazon early invested or believed in crypto. And crypto isn't becoming adopted in real life daily transactions commensurate with its value appreciation. Hence why it's a bubble. It would be no where near what it is today if the Fed didn't inject trillions into the economy in response to Covid.

Does anyone actually read the easily debunkable shyt he posts?
"no where close" brehs

it already had an all time high of 20k before Covid

With a trend of increasing after every halving

 

[lib123]

Does anyone actually read the easily debunkable shyt he posts?
"no where close" brehs

it already had an all time high of 20k before Covid

With a trend of increasing after every halving

It reached $20K in December 2017 then languished below 50-80% below its peak until Covid. Record numbers of new investors used their stimulus checks on crypto. It’s undeniable that Covid stimulus efforts propelled crypto to its current heights. That’s why it’s a bubble.

 

[cheek100]

“They pray and pray for my downfall”

 

[old pig]

Does anyone actually read the easily debunkable shyt he posts?
"no where close" brehs

it already had an all time high of 20k before Covid

With a trend of increasing after every halving

dude has been wrong for so long and in the meantime has missed out on some much related opportunity to the point that he’s more invested in trying to appear “right”…I was looking at the 2013 thread I posted in here and you still have some of the very same dudes parroting the same shyt 9 fukking years later

 

[///Vega+++]

What happened to that coli coin ?

 

[dєvilsblυєs]

It reached $20K in December 2017 then languished below 50-80% below its peak until Covid. Record numbers of new investors used their stimulus checks on crypto. It’s undeniable that Covid stimulus efforts propelled crypto to its current heights. That’s why it’s a bubble.

It's not undeniable since that was always the trend it followed.
"New heights" were already propelled when it hit 20k. But we'll have to wait until 2024 to be sure

 

[lib123]

It's not undeniable since that was always the trend it followed.
"New heights" were already propelled when it hit 20k. But we'll have to wait until 2024 to be sure

It's undeniable that Bitcoin wouldn't be at current heights without the massive Covid stimulus. Most of these new investors who sparked the upswing wouldn't have gotten involved without that stimulus money. This is common sense.

 

[dєvilsblυєs]

It's undeniable that Bitcoin wouldn't be at current heights without the massive Covid stimulus. Most of these new investors who sparked the upswing wouldn't have gotten involved without that stimulus money. This is common sense.

Well you'd think it would've already tanked by now rather than dipping a bit then reaching yet another all time high after the stimulus payments.

Your argument is already wrong. We don't need to wait till 2024 to see that.

 

[old pig]

bushes.

 

[DapMeUp!]