/biz/ - Business & Finance

>>29559860
>still down like 20% from last week's high

SHUT THE FUCK UP
EVERY COIN I HOLD IS LIKE THIS
ALL THESE FAGGOTS AND THEIR HOPIUM WHILE EVERY FUCKING PUMP GETS WIPED OUT BY BOTS PEGGED TO BTC AND THEN THE MCAP DOESN'T GO BACK UP UNTIL BTC DOES

THIS IS LITERALLY KILLING ME

REDDITORS SAID LIBERALS WERE PRO-CRYPTO

NOW THEY'RE TRYING TO BAN CRYPTO

GAS THE REDDITORS

WHERE CAN I FUCKING BUY!?

I HAD $1,000 READY TO GO AND WILLING TO LOSE
but now I can't buy on robinhood
I even opened a Fidelity account but it's asking me to literally go snail mail linking my bank account
how long does it take to send money there???

>>13209890
>>13209914
REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
Knock it off you two!!

I feel like there isn't enough red here on this board for what's happening right now.

Reeeeeeeeeeeeeeeeeee

It's like the only time the government can do anything right or set reasonable policy in a given field is when they are wholly unaware of the field to begin with.
Remember when you just had to pay taxes when you cashed out of crypto?
>inb4 you can't cash out

Now starting Jan. 1st, you will have to keep track of not only EVERY trade you make between different cryptocurrencies, but also their dollar worth at the time of transaction EVEN if you are merely transferring coins between exchanges.
So even if you send value to an exchange with a coin other than the one you are holding, like litecoin, you would need to now pay taxes on:
>the trade to litecoin from btc
>the mere transfer of the litecoin from your one exchange wallet to the other
>and the trade from litecoin back into btc

So if at any time down the line one of those coins gains in worth, you'll have to pay taxes on it. Not even to mention if you set some order on an exchange that only partially goes through, or if you have a spread of buys that went through automatically at a few different prices.

How will we deal with this?

AAAAAAAAAAAAAAAGGH