Cryptocurrency

[Guile]

Who's got some skin the game? I'm riding the wave with ETH BTC and DOGE, what are you handling, Crash Override?

[Guap Chachi]

Da fuq TJ? This topic would've ignited a fervent debate by the likes of Axion, VAC, Oldtyme, Mojo, etc etc.

SMH.......

[bace]

Pretty sure all those people have lives and families now.

I don’t, that’s why I’m here.

[Guap Chachi]

Ehhh Elon Musk has more than a handful of kids (not including Grimes) and he finds time to troll the internet

[Talk Sick]

Pretty sure all those people have lives and families now.

I don’t, that’s why I’m here.

same.

[Go.]

I’m in if papa Musk is in

[Guile]

Well this looks like the end of the line. Tether and other stable coins have completely borked the market because a bunch of thieving tax evaders are using it to launder money. All I've seen in the last week is "bear market, bear market" and other doom and gloom. Me personally, I didn't fight in 2 oil wars for nothing, I'm pulling everything and buying silver, gold, and lead.

[oldtyme]

honestly keep forgetting this place re-launched lol. Anything as speculative as crypto seems to be (from my point of view anyways) isn't something i want to build an investment strategy around. While i'd argue any investment is essentially gambling, some allow you to handicap better than others , some games are riskier than others, this is the bottle toss of investment games. You might win the biggest prize at the fair, but it isn't likely.

serious question because I haven't looked into it, how are gains made from crypto taxed? are you expected to be honest about capital gains?

[Guile]

You claim gains as capital gains. Most crypto platforms are KYC and report your books to revenue Canada, and you do not get a copy, so you have to keep your own books. Staying off the books is easy to do, but cashing out gains anonymously is not. Bitcoin ATMs fees are too high to be worthwhile. It's not a big deal, capital gains tax is not as heavy as I thought.

[oldtyme]

it's 25% of your profit margin on avg.
that all makes sense, was just something i've always wondered about and whether a bunch of people were sitting ducks for a CRA audit after killing it with these products the last few years.

[sp-]

Well this looks like the end of the line. Tether and other stable coins have completely borked the market because a bunch of thieving tax evaders are using it to launder money. All I've seen in the last week is "bear market, bear market" and other doom and gloom. Me personally, I didn't fight in 2 oil wars for nothing, I'm pulling everything and buying silver, gold, and lead.

it's not over yet. just one more thing the government can make revenue on. if anything they'll ban defi first.

[Talk Sick]

I got BTC NKN ETH and know nothing about it

[redox]

[deleted].

[redox]

I got BTC NKN ETH and know nothing about it

lol same! I bought a few different ones and hardly ever check how they're doing either. Just let them sit there, buy bit by bit and hopefully one day be a millionaire.

...that's how it works, right?

[Guile]

If you don't know anything about it, why did you buy it?

[Talk Sick]

If you don't know anything about it, why did you buy it?

for the luls

also grabbed a bunch of DOGE just in case.