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18311943 No.18311943 [Reply] [Original]

Guys should I tether up my crypto or not? I really don't want to pay taxes but I don't want a -60 percent drop either

>> No.18311953

>>18311943
>doesn't specify where the fuck he's living, burger confirmed
I don't know your regulations, but what if you actually convert them into a stablecoin and not dollah, do you have to pay taxes on this?

>> No.18311959

who is that black beauty

>> No.18311974

>>18311953
Yes I'm a burger and yes u would still pay taxes on a crypto to crypto trade

>> No.18311977

>>18311943

Just use illegal swap sites where you never put your coins in an exchange account

>> No.18311993

>>18311974
so you're fuck'd, sorry

>> No.18311999

>>18311974
so this is the power of the land of the free

>> No.18312007

>>18311974
can't you just put them in paypal and launder them that way?

>> No.18312013

>>18311977
?? For example...
>>18311999
Il take the u.s over any country any day
>>18312007
??

>> No.18312040

This is completely retarded, if big players like bank have to pay taxes for every transaction they simply fail.
In crypto they should tax actual gains, not every single transaction, that can be a loss too.
How much is that taxation, btw?

>> No.18312047
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18312047

>>18311974

>> No.18312060

>>18312040
Preach. I don't think the tax laws are concrete because of how new and misunderstood crypto is by the govt. My guess is they change it later but definitely not this year. I believe short term capital gain tax is 30 percent but it might be higher

>> No.18312088

>>18312060
It's called "capital gain" for a reason, you're taxed only on gains, if you had 1000 and now you have 1100 you pay taxes on 100.

>> No.18312108

>>18312088
Yea well the 50k is pure profit. I never bought 50k worth of crypto it's all left over from 2017

>> No.18312350

>>18312108
Move them to a more shady exchange and change them into bucks there.

>> No.18312397

>>18311943
>Guys should I tether up my crypto or not? I really don't want to pay taxes but I don't want a -60 percent drop either

Atomic wallet. You can exchange between a lot of different cryptos and tether without kyc. It's done through Atomic swaps in decentralized exchanges. The entire process will take anywhere from a few minutes to a couple hours.

After you do that, just store it in a ledger nano. When prices go back down, repeat the same process.

>> No.18312434

>>18311943
personally, i dont think we have been fucked hard enough yet.... there is so many people hanging on to hope that its gonna take a nuke to blow thefuck out of everybody. Volume analysis says it would be very easy to drop this entire shit back into the abyss still, but at the same time that hopium is powerful shit. There are fundamental reasons to be extremely long on crypto, the real question is where is the pain point and where is real demand. From my perspective it is unknown, but im willing to gamble on seeing this shit blown the fuck out properly before any reality materialises. I wanna hear some proper squealing. watch ur stacks my niggas.

>> No.18312445

>>18312397
which is the most reputable atomic wallet?