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8349409 No.8349409 [Reply] [Original]

Hello, you know who I am. This is a warning.

Don't sell.

People are panic selling because this is the first year people will have to pay serious taxes on bitcoin.

The IRS will be examining coinbase, but they do not have the resources to go through the millions of trades made on all the different exchanges and process that information. My accountant, who charges $350 an hour, explained that Trump's tax reforms this year are causing major headaches for the IRS and they have much bigger problems to spend their resources on. Remember that the IRS is a business- they have limited resources and want to maximize profit. They will definitely look at crypto, but not nearly as throughly as some anxious people may think.

Whales are waiting right now for the price to hit bottom. They know people are scared, especially since the IRS waited until the very last moment to release the information on whether or not trades would be considered taxable events. People will sell at lows out of despair, and buyers will scoop up crypto at incredibly low prices, and you will see the prices surge.

Yes, you SHOULD pay taxes, BUT, don't let yourself get squeezed out at the very bottom. Hold, and if you're in the US go on a tax payment plan so you can sell at an ATH. Crypto is only beginning, and you will see bitcoin break 30k within a couple of months (but after taxes are due). Extend your filing date, for sure.

Crypto is the greatest threat to the banksters that the world has ever known. Make no mistake, YOU, and collectively WE are under attack.

I hope you read this amidst all this rampant fud and shit posting.

>> No.8349544

>>8349409
Nice to read something long-term bullish, even if I don't believe you OP

>> No.8349589

>>8349409
How low do you think we will go before the reversal?

>> No.8349598

aight shit like this and link threads and bear flags

>> No.8349629

>>8349589
The market requires a retest of the bottom before it can start a bull run. Just that simple.

>> No.8349655

Capitulation is not possible for true crypto believers because they know the true value of crypto is zero. They are prepared to lose it all.

>> No.8349666

if it falls back down it'll get right back up again!

>> No.8349701
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8349701

Well said OP. It's about time there was a halfway decent post on this board. I appreciate the time and effort you put into your post. I am also glad you didnt use the term nigger, jews, or cucks. You shed a little bit of light on my day. Thank you very much.

>> No.8349731

>>8349409
OP - thanks for being a real person and not a) paid operative b) autistic shrieking low life who only can feel anything when he sees others suffer c) trap poster

>> No.8349733

>>8349666
No, it's not about magical rebounding, which you might think is the case based on previous patterns.

There are forces at work, some known and some unknown to us.

>> No.8349755

>>8349733
>There are forces at work, some known and some unknown to us.
Can you be less cryptic?

>> No.8349881

>>8349655
Oh fuck off you’re basing this in DOLLARS whose real value is LITERALLY NEGATIVE....go lick shit

>> No.8349927

>>8349701
>niggers Jews or cucks
I see people bitching about cucks and Jews but niggers??? You must be a literal nigger

>> No.8349954

Welcome back to old biz. Thanks for the heads up and I hope you are still right about DBC.

>> No.8349991

>>8349655
More like they know the value is potentially limitless in terms of fiat and know that it will come back at some point even stronger than this last time. The only question is when.

>> No.8350003

Hodling is what people on reddit do (absolute cucks). Who in their right mind would hodl in a bear market?
Sell all your coins, buy back when it goes lower. It's simple. You might get 5% more BTC this way, 10%.. If you did it from the top you'd have 300% more BTC holdings right now

>> No.8350008

>>8349409
>Hello, you know who I am.
who are you?

>> No.8350009

>10000 people buy bitcoin at $100
>10 people drive price up to $20000
>Everyone trades to ethereum and back
>Only $1.2m in market but 10000 * 19900 * 22% tax rate = $44m in taxes owed

Trades counting as taxable events literally doesn't fucking make sense.

>> No.8350264

>>8349954
I am, don't worry.

>>8350003
Holding is the only way to make serious, life changing money in the millions, or hundreds of thousands if you only invested very little.

>>8350009
The laws make sense with stocks and were enacted to protect companies, who can be severely hurt by manipulation. But I agree, they make no sense when applied to crypto. Welcome to ineffective and unfair government bureaucracy