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/biz/ - Business & Finance

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6927714 No.6927714 [Reply] [Original]

Do you make money faster by day trading cryptos or is it just a meme?

I haven't made any money yet because I fell for the HODL meme.

>> No.6927789

I would bang the shit out of her, got moar op? and dont daytrade if ur not a expert, u will get burned.

>> No.6927864

Officially, it depends on the tax situation in your country. It's very possible to get fucked if you lose your gains in a bad trade but still have to pay taxes on previous gains. DYOR about your tax code.

A lot of people here scoff at paying taxes, but in my experience the government always gets the last laugh.

>> No.6927938

>>6927714
REEEEEEEEEEEEEE I'M TRYING NOT TO WATCH PORN ANYMORE YOU FUCK STOP POASTING MILFIES

>> No.6928011

>>6927864
Why would tax kill me over day trading? Do I have to register every single trade or only play tax on my fiats income?

Otherwise taxes would get me even for my holding operations.

>> No.6928073

>>6927864
>It's very possible to get fucked if you lose your gains in a bad trade but still have to pay taxes on previous gains

The losses would cancel out your gains and you wouldn't have to pay taxes.

>> No.6928149

>>6927938
do or do not, there is no try faggot

>> No.6928171

>>6927789
Brandi Love

>> No.6928223

>>6928011
you have to pay taxes on every single trade. i know it doesnt make sense but its the law...

>> No.6928237

>>6927714
If you know what you're doing you can make more consistent returns trading.

The moon-kids rely on a bull market to make money but traders make money whatever the market does.

>> No.6928291

>>6927714
Also I imagine 95% of altcoins are going to be worth next to nothing one day.

A diversified holder would lose money from them if they held long enough, whereas a trader can use the shitcoins to gain more Bitcoin or fiat.

>> No.6928308

>>6928073
Unless you fuck up around the turn of the year

>> No.6928430

>>6927789
its brandi love