/biz/ - Business & Finance

>>19625985

>>19279204

>>13550514
n-no I'm not

>>13222222
checked, witnessed, bought 100k

Now that btc is crashing back to normal levels (3-4k)

What will be more profitable on the way down?
1. Short bitcoin on bitmex
2. Tether up and buy btc later
3. Buy DGD

2,50 EO February

Alright /biz/ this is the biggest test yet.
If Tai made his own "crypto ICO" (topkek) would you buy into it?

Pros
>has a huge normie base who will buy it instantly
Cons
>he is a scam

Sup faggots

Met with an expensive accountant yesterday to discuss my sick gains.

1) There is no 1031 bullshit, don't even try. If you're even a somewhat active trader your tax return would be like 4000 pages, and the IRS would just deny it.

2) Every trade is a taxable event, which means you owe tax on the difference between what you paid for the coin, and what you're selling it at. If you buy bitcoin at $10, then it goes to $100, then you sell it all for Ethereum, you owe tax on that $90 gain. If your Ethereum crashes to $10 you can write off that loss compared to your gains and owe nothing...

3) UNLESS the year ends. So if you made the bitcoin to ETH trade in 2017, then ETH crashes in 2018, you owe tax on that bitcoin profit and cannot write off your 2018 ETH loss towards that gain. Essentially, if your portfolio is worth 1MM on Dec 31st 2017 at midnight, then January 1st 2018 it crashes to 200k, you OWE TAX on 1 million dollars, and cannot write off the 800k loss, except for 2018. Basically you'll owe the IRS 500k, but only have 200k if you sell everything, and will be fucked. There used to be a law where you could write off losses two years previous, but it was dismantled in december last year.

So, all you fucking faggots panicking about the december crash.... you should be THANKFUL it happened then and not in January.