/biz/ - Business & Finance

>>23868211
We knew this years ago, even burgers had shift and bitpay newfag!

or put ur stablecoin into a pool and collect 15-25% a year on it

Cash app is nice any other suggestions boys

>>23868262
newfag here, in EU
when I want to cash out and use the resources, what exactly should I do and at what price is too low to bother?

>>23868262
I see so many bizlets talking about how they are gonna cash out. I don't see the logic in that.

My plan is to get a crypto debit card and spend from there, but no one is actually talking about it, so I'm wondering if there's an obstacle down the road with this method?

I didn't know you could do that. :( are these credit cards accepted everywhere? can anyone make a credit card if they're accepted by VISA and Mastercard?

>>23868368
why don't you do research? crypto . com has a crypto visa card.

>>23868350
I'm curious about this too. As in how do american tax laws apply to this? Definitely don't want to get nailed for tax evasion.

so many newfags flooding this board what the fuck

how the fuck do you pay mortgage or buy a house with a crypto debit card?

>>23868350
Those cards require KYC which means you need to pay taxes each time you buy something (because that is considered selling your crypto).

>>23868419
I have 2 bitcoins from 2011, but I never traded and never cashed

Fake eye lashes but I'd still poke the back of her throat with my deck.

>>23868404
>"I'm curious about this too. As in how do american tax laws apply to this? Definitely don't want to get nailed for tax evasion."
>good, now these goys will continue to pay for the niggers we are importing.

>>23868438
The same way you do it with a normal credit card

>>23868441
Crypto.com lets you convert to USD all at once afaik, so you only pay taxes once.
You still need to KYC if you plan on transferring to you bank account, so there's no difference here

>>23868533
checked. gingers are the best

>>23868441
>Those cards require KYC which means you need to pay taxes each time you buy something (because that is considered selling your crypto).

NEVER PAYING ANY TAXES YOU FILTHY KIKES.
COME AT ME COWARD LYING SCHEMING RAT FACED KIKES

>>23868404
every transaction that you make with crypto is a taxable event, swapping tokens, sending somebody some crypto, literally any of that. it's bullshit so simply just do not tell the IRS that you have any crypto and don't make large purchases that don't make sense for people in your income bracket

>>23868277
What pools would you recommend?

>>23868552
>>23868579
You can buy gift cards with crypto for example at Bitrefill and also use local bitcoins/crypto. This seems like it would work as long as you're fine with cashing out slowly over time. If you want to cash out a a million at once then it's not really gonna work.

>>23868211
DON'T POST 10/10 REDHEADS YOU FUCKING FAGGOT I'LL NEVER GET A VIRGIN 18 YEAR OLD WIFE WHO LOOKS LIKE HER DON'T MAKE ME DEPRESSED

>>23868211
Stablecoins can be outlawed and go to zero overnight, though. It's about spreading risk.

>>23868444
if you got them in 2011 how could you only afford two?

>>23868719
I didnt believe in crypto at all, I just bought 2 and forgot about it, last year I thought to cash out but I missed the spike, now I want to be prepared to either cash out or trade for profit

>>23868583
Yes, but you only get taxed on capital gains. Which is pennies when going from USDT to USD. Once you trade your alt for USDT the majority of the taxes will be calculated and paid off the following year.

After that, you only need to report that you bought shit with USDT and the tax for doing that should be tiny as long as it stays correlated with the dollar.

>>23868912
so wtf, I buy coffee everyday for a year.... next year 365 taxable transactions. to report, even though tax may be zero.

>>23868211

>>23869024
Yeah it's crap, but at least your money is your own and no one will be able to seize them.

Besides, it takes you 10 mins to run all the transactions through a tax calculator at the end of the year. It's not that complicated

>>23868211
>imagine paying tax on your crypto

>>23869187
>Imagine not looking over your shoulder for IRS the rest of your life, after you make it.

>>23868912
But you need to pay taxes when you convert to USDT. Are you saying you skip paying taxes when you convert to USDT and just pay when you convert from USDT to USD? You don't think they'll wonder where you got that USDT from?

>>23869235
>imagine thinking the IRS will exist in another 20 years.

>>23869264
No you pay when you convert from your alt to USDT and then each time you swipe the card from USDT to USD.

I'm not trying to evade taxes. Only keep third parties away from my gains

>>23868368
Get on swipe my man

>>23868211