22 y.o Bank balance: $1.27 Crypto worth: $2,554,860

[Anonymous No.8150957]

Is anybody else here unironically as autistic as me? I'm living in poverty paycheck to paycheck yet have all this imaginary wealth that I'm too stubborn to ever spend. I'm not complaining as I will be staking this for residual income when ETH PoS comes out, but still, what are the types of sacrifices you guys have been making, if any? And to what extent?

[Anonymous No.8151048]

>>8150957
Maybe you should invest in longevity so you have a longer lifespan to question your existence.

[Anonymous No.8151058]

>>8150957
Felix Watkins we know it's you. Stop attempting to get validation from the internet all the time. SAD!

[Anonymous No.8151095]

Larp b o y s

[Anonymous No.8151108]

>>8150957
I'll be on your level in a year OP, without any tism' sprinkled on. Watch out

[Anonymous No.8151112]

larp

[Anonymous No.8151127]

Felix fucking Watkins back at it again

[Anonymous No.8151130]

>>8151108

wut r u holding

[Anonymous No.8151150]

>>8151130
big bag of telcoin

[Anonymous No.8151199]

>>8151150

unironically yikes

[Anonymous No.8151246]

>>8151199
You will fucking see

[Anonymous No.8151263]

>he thinks ETH POS is still happening

Got some bad news for you kiddo

[Anonymous No.8151334]

>>8151263
This guy has a history of loving ETH a bit too much

https://www.reddit.com/r/ethtrader/comments/7uwim1/i_predict_well_see_35000_eth_by_the_end_of_2018/

[Anonymous No.8151631]

>have 700k in coin
>haven't told parents about it
>they think I'm some deadbeat who never moves out because I have no job or money

One day I'll show them. But not this day.

[Anonymous No.8151654]

>>8150957
On the off chance you’re not larping, if you were truly autistic you’d have balanced your risk to four decimal places rather than to 100%

[Anonymous No.8151692]

>>8150957
$1 mil is not a lot of money to live off of when you're 22. Re-invest that and then it into $7 million then you can retire

[Anonymous No.8151716]

>>8150957
i know that feelio
i made almost $1m profit last year and now my government is asking for about $300k taxes on my capital gains
problem is, my fiat worth is literally below $1k
how is that even legal, im literally going to prison next year unless i can pay off either $300k this year or $700k + this years capital gains by thr next
needless to say im exit scamming come summer

[Anonymous No.8151915]

>>8151716
You don't pay taxes for held stocks that increase in value. Capital gains tax applies only to stocks you sell in the current fiscal year. If you sold some coins to make said profit, then you will have the money to pay the taxes.

[Anonymous No.8151942]

>>8151915
crypto->crypto trades are also liable for taxation in my quasi-communist country

[Anonymous No.8152008]

>>8151915
>Capital gains tax applies only to stocks you sell in the current fiscal year.
Wrong. You pay a different rate for investments held longer than a year, so if you make capital gains in 2018, but withdraw in 2019, it's at a lower rate. You will never withdraw gains tax free.
This is why you keep detailed records, so you get the lower rate, if you hodl.

[Anonymous No.8152103]

>>8152008
That's what I said. You only pay tax on what you sell in the current year.

[Anonymous No.8152184]

>>8152103
selling one crypto for another crypto is taxable by 30% on your profits in fiat since buying the sold one
look at the sw*dish tax laws regarding virtual currencies if you dont believe me

[Anonymous No.8152302]

>>8152184
How are crypto exchanges being monitored? You should be safe if you aren't telling the government explicitly. The point of crypto is that governments can't stop it.

[Anonymous No.8152333]

>>8152008

Is this true for all countries? Does Canada do this?

[Anonymous No.8152422]

>>8152333
Of course it's true. It's meant to discourage shorting and increase market stability.

[Anonymous No.8152560]

>>8150957
>mfw OP will hodl until Crypto is made illegal and then he'd lose everything

You made money off a Ponzi scheme OP. Contain your autism and drop your nuts and cash out ASAP. probably its better to go to your local bank first to advice them beforehand

[Anonymous No.8152581]

>>8152302
i assume they looked up my tranny history from the wallets i used when i bought in and ended up storing most of my cryptos on
instead of like 2btc that i bought initiallty i now have over 100
bt.cx reports buys and sells and wallet addresses to our government
its my own fault for not using a different wallet or moneroing, but since they already know i cant just monero and say i lost it all because they would likely want me to tax the shit anyway

[Anonymous No.8152662]

>>8152581
Sounds like a great way for governments to hamper crypto. No bans, just straight up choke it with regulations, like they did to tobacco and guns.

[Anonymous No.8153277]

>>8152302
You must have missed the recent news of Coinbase handing over 14k worth of records to the IRS.

And they won't be the last.

[Anonymous No.8153549]

>>8150957
why don't you
>Cash out 1 000 000
>put in index funds and live off dividends
>Leave the rest in crypto

[Anonymous No.8153591]

>>8150957

You're probably larping but I also unironically do this. I'm fucking stupid though, since I'm now down about 40% from my portfolio's ATH and I could have sold 2 months ago and be up massively.

[Anonymous No.8153610]

>>8150957

2,5mil bankroll

"sacrifice"

lol

[Anonymous No.8153612]

>>8150957
>0 bank balance
>23K crypto

I'm like a rubbisher version of you OP

[Anonymous No.8153642]

>>8151692
2% is $20k a year, so yes not quite enough for safe passive income but its a comfy cusion

[Anonymous No.8153658]

>>8150957
>what is risk management?

enjoy poverty

[Anonymous No.8153726]

>>8153549
Because the stock market is clearly about to crash u dingus

Here’s a photo of my estimate for federal interest rates

Don’t invest in stocks or real estate until the coming crash

[Anonymous No.8153756]

Cash out you dipshit. Pay your taxes buy a multifamily house and live off the interest.