Cryptocurrency

[Talk Sick]

Im ready and willing, please advise next steps.

[oldtyme]

would purchase "sayittomyface" nft

[mojo]

literal jungle monies

[Liquid Plumber]

Web3 stable coins

[mojo]

toxic should convert classic threads into nfts and sell them on the block chain

liquid plumber can be the CTO of all of this

[Zebb]

All the people smelting old gold in any form are laughing this. Physical money is real. Bitcoin, one day you have it, next day you're robbed blind crying like a pussy.

[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.

[Guile]

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

[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?

[redox]

[deleted].

[Talk Sick]

I got BTC NKN ETH and know nothing about it

[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.

[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.

[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]

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?