/biz/ - Business & Finance

What are you doing for taxes Canadabros?

>Every transaction is taxable
>https://www.canada.ca/en/revenue-agency/news/newsroom/fact-sheets/fact-sheets-2015/what-you-should-know-about-digital-currency.html

>>5873876
like i give a fuck

>cashed out ATH
I'm just here for the pink wojacks
who else /comfy/ here

>>3848176
I am literally about to lose all the coins I made trading over the past 9 months.
Strong chance of being liquidated on Polo for the ETH/BTC ratio.
I've always traded so conservative, I just didn't count on EVERY alt coin to be moving in lock step with Bitcoin since July. I longed ETH with just enough that my liquidation point was still 0. My XMR, XRP, and ETH in my principal was more than 120% of my position.

At least I'll just be back to where I was if I was just a buy and holder. I'm taking some solstice in that, but damn, this money earned was going to be to pay for my own business. It would have jump started me and done alot of good for friends need of jobs, etc.

It just hurts to know if I simply shorted, not done it at all, or got out earlier, I would have been laughing right now.

>all this FUD and BTC is still over $4k

/biz/tards,

Going to try and post this out. You've given me a sense of community when I am doing this dumb crypto shit, so here it be.

Bitcoin is going to crash after August 1st regardless of what happens.

Right now, everybody is buying up BTC in order to get BTCC. This is why Bitcoin keeps going up, but the alts are tanking. It started as a trickle, but now people are panic selling.

The alts are where all the smart money is going right now as people are unloading it super cheap in order to get BTCC.

If you are thinking of doing the same, don't.
>inb4 free money
Bitcoin price is skyhigh. Sell now. The strategy I am doing is getting everything out of bitcoin and into alts. Right now, THIS IS THE FREE MONEY.

I'm not trying to predict BTCC as a failure, but you are in a way better position if you sell now, wait for BTC & BTCC to crash, then buy back in. USDT is okay, Fiat is safer, the major alt coins are best.

I hope this helps ya'll navigate this shitstorm. I'm about 95% confident this is what will happen.

>>2879316
Same. Canada has pretttyyyy strong consumer protection laws. I realize if you calling a plumber you ain't the sharpest tool in the igloo, but they may have a relative who is a bit sharper. Switching companies still requires your name, not like that's gonna help.

i have to say i miss the old /biz/ but this new /biz/ is just as good in an entirely different way

in a way that we're all making a shit ton of cash and miming excessively about it

im drunk

dubs checkm

>FastForward 3 years


>You're hanging out with your friends
>Hey faggot, remember when you thought "mining" coins with your Gpus was going to make you rich?
>Fake currency that you can hold with your hands
>BitCoinRetard.jpg
>Remember thinking you'd get rich by leaving your computer mining make belief currency while I was busy working hard as a contractor making 6 figureds.
>You had a good 6 months in 2017 before it all crashed and you lost your make believe interweb monies.
>KysMeterAt99Percent.bmp
How are you going to feel when you're a NEET neckbeard for life because you chose to believe in a currency some asian man made up in his basement to fool you all?

TopKek2020Loading

how fucked are you*
ftfy