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26108716 No.26108716 [Reply] [Original]

>Started 10 months ago with 1.2k
>Now I have 7k
Maybe I'm playing it too safe

>> No.26108729

>>26108716
I wanna swing trade too but I'm worried about taxes.

>> No.26108752

Difference is you will have 10 million in 10 years while these retards will have 0

It’s called the long game

>> No.26108766

>>26108716
Im also in the same boat I enjoy the steady increase but im honestly bored of it and want put some into risker options

>> No.26108788
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26108788

I shit you not
I started with $200 in 2019

>> No.26108832

>>26108788
with shitcoins or just those two?

>> No.26108887

>>26108729
>be me
>noob
>swing like mad my first month in crypto
>make decent gains
>learn about "taxable events"
fml no more of that nonsense
can't wait to see what tax season has in store for me this year . . .

>> No.26108960

>>26108788

Assuming you were trading a lot, how the fuck did you deal with the capital gains tax?

>> No.26108967

>>26108887
I wanna swing so bad but I’m sceerrrd of taxes. In the beginning I had no idea converting coins was taxable. Fuck man..I just want my money

>> No.26109064

>>26108967
same
I was stoked about flipping and converting coins to make gains at first, but not after learning about that
do they tax you for the conversions even if you don't cash out?
I admit, I'm a bit nervous

>> No.26109100

>>26108716
>DCA $8,500 into a couple of top ten coins for 8 months
>now have $26,000 with no taxable events.

>> No.26109199

>>26109100
Mind sharing your tokens? I'm gonna start doing Alt coins DCA but idk if any major alt seasons are happening any time in the future.

>> No.26109206
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26109206

>>26109064
same here
dont care
fuck the IRS
my networth is 100% in crypto and im homeless so they can suck my COCK

>> No.26109291

Still better than stocks

>> No.26109350

>>26109206
I'm just imagining the tax accountant looking through page upon page of hundreds of minor transactions, some gains and some losses
do they really mean to tax every single fucking transaction? I haven't even cashed out to my bank
fuck that

>> No.26109376

>>26108967
Ignore them

>> No.26109491

>>26108960
Maybe he hasn't cashed out yet, I believe capital gains only applies once you cash out, although I've not yet paid any taxes so I don't know much about it. I think he'll lose like 30% of that when he does though.

>> No.26109554

>>26109491
Lol

>> No.26110478

>>26109199
pfft,

it's not really about the coins, but I've been puting 15% into each btc, eth, xrp, ltc, then the rest into link and I started adding a small position of like 5% xtz.

i'm just pointing out that once you get some experience you figure out what investing strategy works for your life. btc was under 4k less than a year ago so DCA made the most sense. there was fear and depression that it would keep crashing but also insane potential upside, so putting in a spare couple hundred per week made sense.
risk is higher now that we are back in a hype cycle but the whole strategy of dca is you continuously buy and use your long time frame to your advantage. if you are in for the long haul, then you just follow the average market price.