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/biz/ - Business & Finance

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7040936 No.7040936 [Reply] [Original]

Alright boys. I need some guidance in the privacy coin sector. I am an Ameriburger and I do not want to be taxed on every trade, so I have been thinking about ways to help negate this because I like to day trade. I want to buy a certain coin on a certain exchange. Currently I am holding XLM on Binance and it seems to run out of gas for the time being. I want to sell this for XMR on binance and send XMR to exchange. Since XMR is a privacy coin then it shouldn't be tracked where it goes, correct? So I have a burner account on said exchange and I want to day trade here to make money and ultimately send it back as more XMR. Any tips or thoughts or experience with privacy coins?

inb4 Move to 3rd world shithole

tldr; I want to day trade and not get taxed in the US. How do?

>> No.7041027
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7041027

>>7040936
XMR will eventually be tracked by AI algorithm. Maybe in a few years, but eventually.
Use Zcoin for 100% coin wash.

>> No.7041127

>>7041027
So if I do it today with XMR it may be dug up in the future or would it only matter if I use XMR in the future? I need something that is available on this exchange, so it would have to be XMR or XVG

>> No.7041287

Bumping for an answer

>> No.7041648

I would send the XMR to you wallet first then send from wallet to exchange. Then I would only keep an amount on the exchange that you could afford to lose in case of exit scam or if the exchange suddenly decides to lo lock your funds until you need to verify your account with ID. Then I would move profits from exchange to XMR wallet every week or biweekly.

>> No.7041990

>>7041648
Thank you. You guys are alright.