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/biz/ - Business & Finance

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23536078 No.23536078 [Reply] [Original]

>mfw i made 2k by just getting a bitcoin in 17 of october and selling it the 23 of october

>> No.23536138

Show us your face when it goes over 14k in 2 weeks

>> No.23536149

>>23536078
You bought 1 BTC?

>> No.23536180

>>23536149
well actually 0.953 but its almost one

>> No.23536189

>>23536078
>$2,000
We're just getting started

>> No.23536192

>>23536078
Don't forget to pay your short term capital gains tax

>> No.23536200

>>23536138
gonna be real with you chief, bitcoin isnt going to reach it unless something big happens about it

>> No.23536218

>>23536189
i rather have small and multiple earnings than one big lost

>> No.23536233

>>23536192
>>23536078
>tfw you made 1k from the bitcoin you bought and sold
Pay up goy

>> No.23536243

>>23536192
if im not mistaken it only applies when more than 40k right?

>> No.23536259

>>23536200
>bitcoin isnt going to
with these words you seal your fate

>> No.23536265

>>23536243
nvm is 10%, hey 200 bucks aint that bad

>> No.23536282

>>23536243
I think the government would want to know all sources of income that got you over $1,000

>> No.23536285

>>23536200
PayPal could wrap up a buy out of an exchange in just a few weeks. Regardless, my friends and I are noticing normies asking how to buy crypto. It won't be a tsunami like 2017 but it's steady on boarding.

>> No.23536317

>>23536285
yeah thats why im always ready to buy, and if something big is close i check it first thing in the morning

>> No.23536741

>>23536189
damn
lucky HODLers

>> No.23536757

>>23536265
what if you send it to someone and they send you cash
would that be considered tax evasion?
sorry am from a country with zero regulations and taxes lol

>> No.23536770

>>23536757
>>exhibit A
"Because Capital Control Law was not passed, one lone person transferred $270 million last December. That’s equivalent to tuition for 27,000 students in the new Student Dollar Circular. Every person who blocked this law was on the wrong side of history & criminally negligent."

>> No.23536786

if you didn't sell you didn't make shit OP

>> No.23536803

>>23536786
doesn't he own the bitcoin value still?
how hard and taxable is selling in the US?
here we only sell peer to peer for cash U

>> No.23537199

>>23536218
shit bait

>> No.23537217

>>23536078
lol you idiot, risking that much money for a measly 2k at the start of the golden bull run. At least you'll be able to afford some rope I guess.

>> No.23537222

>>23537217
still better than putting savings in banks and getting cucked

>> No.23537239

>>23536803
no idea as I'm not from the US but if tomorrow bitcoin crashes back to 11k he'll have made fucking nothing kek

>> No.23537530

>>23537239
neither am I am from Lebanon lol

>> No.23537564

>>23536078
lmao based retard

>> No.23537582

>>23536078
No balls.

>> No.23537598

Lol what are short term capital gains taxes? Reported to the IRS

>> No.23537616
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23537616

>>23536138
>14k in 2 weeks
LOL

>> No.23537651

>>23537616
it should be a couple of days at max

>> No.23538345
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23538345

>>23537651

>> No.23538505

>>23536192
total income determines tax rate. The buys and sells determine cost basis and thus the taxable gain, if any.

>> No.23539063

>>23536078
I lost 2k by making 2k and then not selling until the gains totally evaporated.

>> No.23539133

>>23538345
$14k in 36 hours

>> No.23539222

>>23536078
lol we make that everyday in defi

>> No.23539480

ok i came from work im op, basically i already sold it so my bank account has 2k more, idk if i should give 200 or i should paymore tax, i dont want to risk it by waiting, i have made a few hundred bucks by buying low and selling hi, but this time when i saw the paypal i knew it was going to sky rocket, so yeah a gamble that worked for me :D