[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 22 KB, 550x543, 1519319694968.png [View same] [iqdb] [saucenao] [google]
8359564 No.8359564 [Reply] [Original]

WHEN YOU TETHER YOU CAN'T POSSIBLE LOSE MONEY, IT CAN'T GO DOWN

WHAT THE FUCK I COULD'VE JUST TETHERED BEFORE THE DUMPS, EVEN IF IT GOES UP I STILL DON'T TECHNICALLY LOSE ANYTHING

FUCK YOU FAGGOTS

>> No.8359592

Yes Anon. You learned how to sell high.

>> No.8359606

Yes. Congratulations on figuring out the reason Tether exists.

>> No.8359660

The crippling anxiety of FOMO is stronger than that though.

>> No.8359688

>>8359564
>put tether on a ledger nano
>you now have safe crypto in your posession forever
fuck bitcoin

>> No.8359707

>>8359592
>>8359606
>>8359660

holy fuck I just made $50 from swing trading instantly

wtf why wasn't I doing this before

I just sell when its kind of high and buy when the number I see is lower than where I bought, this is really magic

>> No.8359712

>>8359564
No one can't time tether
The second you tethermup it skyrockets, the second you tether down, it dumps
Go try it

>> No.8359727
File: 387 KB, 382x379, 1511156373920.gif [View same] [iqdb] [saucenao] [google]
8359727

Yes Goyim, just tether up
Each USDT is backed by one shekel ;)

>> No.8359738

>>8359707
woah dude, then it pumps because some bot/whale decides to buy and you're down!

>> No.8359743

>but m muh fiat is useless!

>> No.8359749

>>8359564
And then you learn that it isn't backed up by fiat and it crashes to 0

>> No.8359803
File: 139 KB, 1050x1050, a2373417446_10.jpg [View same] [iqdb] [saucenao] [google]
8359803

>>8359688
>tether
>forever

>> No.8359809

>>8359707
Hey man you should check out bitnex you can do this with leverage up to 100x on there. You could have made 5k on that trade if you did.

>> No.8359815

>>8359738
so? its not like a bullrun is starting anytime soon lol
>>8359749
lol who tf cares im just gambling at this point anyway

>> No.8359847

>>8359815
I don't know I have mental health problems and I'm probably going to the psych ward soon.

>> No.8359868

>>8359847
thats ok anon we're all gonna make it

>> No.8359994

>He tethered
>Push it sideways
>He's doing research
>Print 100 million tether when he goes to sleep then pump it

>> No.8360075

>>8359564
>>8359707
hope you're not a burger or have fun being taxed on your swing trading

>> No.8360116

>>8360075
kek you don't get taxed for intra-exchange trades dumbo, only when you cash out

>> No.8360180

>>8359564
You can lose out on profit, if you tether

>> No.8360202

>>8360116
americans do get taxed for every single trade they make

>> No.8360232

>>8359564
lmao about time

>> No.8360238

>>8360202
nice meme

>> No.8360309

>>8360238
Trading cryptocurrency to a fiat currency like the dollar is a taxable event.

Trading cryptocurrency to cryptocurrency is a taxable event (you have to calculate the fair market value in USD at the time of the trade).

Using cryptocurrency for goods and services is a taxable event, i.e., spending cryptocurrency is a “realization event.” You have to calculate the fair market value in USD at the time of the trade; you may also end up owing sales tax.

>> No.8360339

>>8360202

No... only gains are taxed. And if you lose money on a trade it cancels out some of the gains you owe on other trades.

>> No.8360412

>>8359564
it took me 3 months to figure out usdt. and i felt like a faggot for taking so long. and i should

>> No.8361201

>>8360412
Should what?

>> No.8361220

>>8360309
crypto to crypto is not a taxable event

even if it was it would be completely unenforceable

>> No.8361248

>>8360309

Good luck enforcing that kikefaggot.

>> No.8361299
File: 16 KB, 406x290, 1387405857.jpg.CROP.promo-medium.jpg [View same] [iqdb] [saucenao] [google]
8361299

>>8360309
>Trading cryptocurrency to cryptocurrency

Lol, This sounds impossible to keep track of......

>> No.8361315

>>8359707
HOLY FUCK $50. I swing $50 every nanosecond that passes you absolute retard.

>> No.8361358

Can someone explain to me what is the problem with tether if it follows usd ( so far)
>Buy tether
>Price drops
>Exchange for more eth than you initially had

>Price goes up
>Exchange for eth
>Exchange for more fiat than you initially had

>> No.8361371

>>8361299
>make a transaction
>record said transaction
>difficult
Are white people really this stupid?

>> No.8361426
File: 22 KB, 375x286, six1-375x286.jpg [View same] [iqdb] [saucenao] [google]
8361426

>>8361371
>Are white people really this stupid?

You do understand that the exchange has to have your SSI to inform the IRS. Right? What exchange do you use that has your SSI?

>> No.8361448

>>8361201
Should

>> No.8361462

Good luck cashing out anon ;)

>> No.8361469

>>8361426
>have to provide driver's license to register
>driver's license easily linked to SSI if the IRS desires it
So the answer to my question is yes?

>> No.8361508

>>8361220
>he doesn't know

>> No.8361511
File: 22 KB, 400x400, R9WHaXap_400x400.jpg [View same] [iqdb] [saucenao] [google]
8361511

>>8361469
Right, because it is impossible to exchange crypto with out providing your identity..........

>> No.8361571

>>8361358
EXBLAIN!!!1!!1

>> No.8361631

>>8359994
>Put vitalik on the line

>> No.8361680

why teter when you can just SHORT btc...