Reddit Posts
Exploring City Tele Coin - Would You Invest?
A New 1000x GEM | Call To Combot | Join Family |
McCaleb changes his mind about his XRP. Woof!
Creditcoin is hitting its stride and is definitely worth a look.
Watch Gluwa's 3D Times Square ad while earning the chance to win $CTC
Mentions
Agree, long term gains(LTG) and short term gains (STG) are taxes differently but STG and STL (short term losses) are use to offset each other. Similarly, LTG are used to offset LTL (long term losses). While there are several crypto tax calculators out there, Crypto Tax Calculator had been my go-to for its user interface and ease of use. (Not investment advice and don’t get paid for shilling CTC btw).
Depending on how many txs you have and the complexity, I'd suggest either calculating things manually in a spreadsheet (time consuming but at least you are relying on yourself for the data input) or using an alternative tax software that you can rely on. I use CTC (crypto tax calculator) which handles my complex txs well You might also choose to work with a crypto CPA if you don't have time to do anything yourself (but can sometimes be a little pricey $$$). GL with filing ur taxes this season ser
The truth is a lot of tax software only works well with CEX transactions because the data from CEXs tends to be relatively clean and easy to process. Once you do things on-chain (i.e., liquidity pools, staking, bridging, NFT mints, etc...), then things start to get messy. If you've just done simple transactions, use the cheapest software or do it yourself manually in a spreadsheet. If you've done complex on-chain stuff, you're going to want to use Crypto Tax Calculator. No tax software is perfect but CTC is best in class when it comes to handle on-chain activity imo.
I started using CryptoTaxCalculator last year and it's not bad once you get accustomed to it. Most of my crypto is either earnings from doing dev work or some trading stuff. Been working well for me. The other I was using, yeah, total garbage and dropped them like a bad after they said a coin that I made and know the trade value of was worth like billions. The one they confused it with is on a totally different chain for god sake. lol Dear crypto tax software people... don't use ticker symbols... ever. But CTC has been a blessing compared to that bullcrap.
I believe ETFs open a channel for the Early Majority, Late Majority and Laggards and the means to 'cross the chasm'. A credible analysis of BTC from a 'crossing the chasm' perspective hasn't been made public as far as I am aware. Two items are essential; a USP that's a better solution to an existing problem, a defined and identifiable major market segment that is the target for adoption. This where a CTC analysis is unclear because this type of analysis is based on utility not on investment. The dominant USP(utility) is the preservation of value over the long term and this suggests depositor entities are the target segments. An arbitrage opportunity also exists (investment) as BTC finds its value position against other stores of value. Eventually the arbitrage opportunity will disappear along with those who were only interested in investment. For me ETFs are a channel for depositors and investors who do not want/are prevented from direct market access to BTC. This will make it difficult to identify the different segments but both are significantly larger than the segments in BTC today, by a few orders of magnitude.
Cryptotaxcalculator.io is a really good and flexible tax software based out of Australia. ​ Pointing this out due to the Aussie website and relevance to the ATO. ​ As an American I also use CTC and can say that they have some of the best customer service reps out there. Like all software, if you're a degenerate defi trader you'll need to do the work to get the software lined up properly, but once you figure out the learning curve, CTC is just ahead of the curve in terms of new trends & flexability to make the software do what you need it to.
I help folks sort out their crypto taxes all the time. I've found cryptotaxcalculator to be the best software out there in terms of compatibility with new projects, sidechains, and trends. I hear Koinly is good too, but back when I was testing them out, CTC was just better for the types of complicated trading that my clients were doing.
CTC shot themselves in the foot when they reduced rewards on their credit card. Much less incentives to hold their shitcoin.
I just saw your edit. The last nice thing about bitcoin.tax is that they make it very easy to generate an opening report in CTC so flowing your old data into the new software can be done with relative ease. If you ever want to toss in the towel, feel free to DM me.
I can't really give a sales pitch on the differences since there's just so many nice features that bitcoin.tax didn't have before I left them. CTC just allows you to make bulk edits easier, access on-chain info easier, and generally is faster to market with new sidechains and contract types. The last I checked, it wasn't yet compatible with Uniswap V3 natively, but if I to put my money on any of ths top software to be the 1st to offer it, it is CTC. As an example: CTC had full compatability with NFT data like 6 months or a year before Koinly did. Bitcoin.tax is nice and reliable if you personally are aggregating all the data yourself into their manual upload format, which if you already mastered the learning curve isn't a big deal to do, but CTC's automatic API compatability with certain defi data just does a lot more legwork outright, so you can focus more on the complicated transactions.
Unless bitcoin.tax had a massive overhaul in the past year, it is like using a standard calculator to calculate your crypto taxes compared to some of the other options out there. I find that cryptotaxcalculator has been *very good* about staying ahead of the curve in terms of new trends/compatibility with new sidechains compared to other software. Of course no software is perfect, so there's a learning curve to understand how to make edits efficiently, but as someone who made the leap from using bitcoin.tax to CTC when helping to reconcile my clients' taxes, I can't say I miss bitcoin.tax.
An advertisement for a crypto tax software, disguised as an article on tax loss harvesting on decrypt. Starting to stink like an out of touch TT advertisement in here. Wonder if TT and CTC have the same marketing department?
“How to use CTC”: 1. Get arrested 2. Hope to get condemned 3. Get imprisoned in a crypto-friendly prison facility accepting City Tele Coin Great incentive, lets hope the prison guards will provide enough liquidity
You have to have a valid "CTC" account with the correctional facility. Honestly, this sounds centralized crypto for prisons. I'm not from the US, so private prisons are a bit weird to me anyway.
>To purchase CTC, inmates need to have a valid account within the correctional facility. Centralized crypto for prisoners? Is that how anyone else reads this?
My recommendation would be to check out cryptotaxcalculator.io before you go the route of shelling out thousands of dollars for a tax professional to reconcile your transactions. CTC tends to be a much more flexible software than Koinly in terms of compatibility with wonky transactions and sidechains. Additionally, CTC has a pretty responsive customer service team to help answer UI questions/issues. Otherwise, I assist people in your situation all the time. My typical clients are usually degens, project leads, or otherwise sophisticated investors who need help getting their crypto taxes done properly. If you're at the point where you're sure you want backup, I'd be happy to assist you. Otherwise, another option might be to schedule a consultation to discuss any questions you might have while you try to do the legwork on your own. Feel free to DM me if you'd like to discuss further. Otherwise, I did a few AMA's a while back that might be able to answer some of your questions if you want to check those out.
Don’t forget he tried the same shit with CTC and failed.
Doesn’t every self respecting Canadian have CTC money in their junk drawer??
I have a stack of CTC money in one of my drawers somewhere.
CZ : I have some FTT, is that ok? CTC : I have some Shib as well.
CTC is already 1 better than BTC, so STC must be 17 better.
Thanks for the reply, does CTC import data from other exchanges and wallets satisfactorily?
If you want your CPA To trust the software and the correctness. All the legit ones seem to be using [CTC](https://cryptotaxcalculator.io) these days. So strongly advise it too.
Even better you could have kept the BTC and bought cheap speed when CTC was 60000
>Recently leaked beach photos show that in addition to failed Project Terra (LUNA), Galaxy Digital CEO Mike Novogratz has at least a dozen other failed cryptocurrency tattoos all over his body. CTC reports that Bitconnect, the embattled Celsius Network, and lesser-known tokens such as BabyDogeDiamond and BologneseToken were among his recently found tattoos. That's some dedication
“Transparency is a key part of the investing formula” LMAO that was genuinely hilarious considering how every single element of our stock markets is shrouded in secrecy and loopholes, the CTC literally enacted a rule that eliminates any reporting on swaps until 2023. Gary is a fuckin comedian
Ron Paul thinks inflation is solely a monetary phenomenon and it simply isn't. It's so frustrating to see people claim that the inflation we're seeing today is purely a matter of demand rising above supply when it's actually supply falling below demand. If you don't understand the difference between those two, you're going to prescribe lower demand instead of higher supply, and you're going to avoid shielding the lower and middle class from higher prices out of fear any spending will further drive inflation. As one example, the monthly child tax credit was not driving inflation but was shielding families from the impact. Letting it expire just doubled the damage of inflation instead of nullifying it. Restoring the monthly CTC would really help families without increasing inflation, especially if it was paired with windfall profit taxes on price gouging. We are where we are mainly because of a pandemic and its impacts on the global supply chain. China keeps locking down and each time they do that, it hurts supply. Workers missing work due to illness is way elevated above pre-pandemic levels. That hurts supply too. Supply chains were all fucked up from just on time manufacturing practices. Then Putin comes along and fucks up things even worse by invading Ukraine, which significantly reduced global oil supplies which were already lower because of the pandemic, and also hurt the global supply of wheat because of how much Ukraine exports. There's so much going on all over the world, with inflation all over the world because of a pandemic that isn't over yet, and a war that isn't over yet, and does Ron Paul understand any of that? No. To Ron, it's all about money, and it just isn't.
No, total CTC includes Base salary and bonus.
r/cryptotax prob a better spot. In your fact pattern, there is no way you have a loss. The software is wrong. I’d use a different one like CTC or Koinly. You should have really high long term gains.
More reasons to get me some more $CTC.
Yeah, although I already had been making gains and got some $CTC.
If all you have is CB and CB Pro, use cryptotaxcalculator.io. Coinbase as a company is slight aids reporting wise. The tax reports don’t always pull in the withdrawals from CB to CB Pro or vice versa so in the software just change those to send/receive. CTC has a TT export as well. Haven’t used that myself but I bet it works fine. Either way CTC can generate the form 8949 and/or schedule 1 you need.
If all of your data is just Coinbase, sign up for cryptotaxcalculator.io. You connect via api and they will give you your numbers. Might have to fix a few things but the software will tell you in review transactions. CTC also generates the 8949 which is nice af.
I haven't had any issues with my coinbase txs and CTC - but if you're having troubles, 100% recommend reaching out to their support team. They've helped me out so much before!
Jobs: President Biden’s first year was the greatest year of job creation in American history, with more than 6 million jobs created. Unemployment Rate: The unemployment rate dropped from 6.2% when Biden took office to 3.9%, the biggest single year drop in American history. Unemployment Claims: The average number of Americans filing for unemployment has been near its lowest level since 1969. When the President took office, over 18 million were receiving unemployment benefits, today only 2 million are—also the biggest single year drop in history. Economic Legislation Passed: Most significant by economic impact of any first-year president. Child Poverty: Experts estimate the lowest child poverty rate ever in 2021. Expanded CTC cut child poverty by 40%. Expanded Access to Health Care: Nearly 5 million Americans have newly gained health insurance coverage. Reduced Hunger: The number of households reporting that they sometimes or often did not have enough food to eat dropped by 32%. Judges Confirmed: More judges confirmed to lower federal courts than any president since President Kennedy. Climate Investments: Largest investments ever in the power grid, electric vehicle chargers, and climate resilience. Clean Water: Largest investment and national, bipartisan plan to get safe and clean drinking water to all Americans. Cleaner Cars: Strongest vehicle emissions standards ever to save drivers money at the pump and reduce pollution. Wind: First-ever approvals of large-scale offshore wind projects.
Polygon just hired a junior from my college. A significant portion of his CTC involve getting Matic coins.
Polygon just hired a junior from my college. A significant portion of his CTC involve getting Matic coins.
I have CTC so would probably be able to apply, no idea about the forensic side of things though. I'd happily explain how people lose money however....
Doing the same thing all that stimulus and CTC money, plus a biweekly paycheck amount, 75% DCA bitcoin 25% roth
I was one of the lucky guys who participated in the airdrop, the kickcstarter on MEXC, got some free CTC ;)
I was one of the lucky guys who participated in the airdrop, the kickcstarter on MEXC, got some free CTC ;)
Just checked it, CTC already has some solid listings.
You're lucky, I heard a bit "late" about CTC and I got some before on Bittrex.
Very happy to see this, I started trading CTC long ago, got in maybe at around 70c, sold at $8, now I'm still accumulating at $2.
It's one pair I think, CTC/USDT
Pshhh. Coulda had captain crunch, golden grahams, CTC, fruit loops… Man…. I’m hungry now
No idea, VVS is more of a long-term play because the old CTC CTO runs it but these DEXs always start with ridiculous APRs so I might play it for a few days. :)
I changed to CTC almost immediately from Koinly once I found out about it. It is leagues better.
Do crips say CTC and Citcoin? Then I’d only assume the bloods will say Bardano, Bosmos and Bhainlink :’)
14 days for CTC from underwriting here. We got our CTC on the last day possible before we would have had to restart the entire process. This is consistent with the last three homes we bought. 1-day would be amazing, id buy them pizza. Thats what people do to show you they appreciate you right? Pizza party.
I use crypto tax calculator because it has better integration with the chains/wallets I use than koinly. It was a godsend, but still an absolute pain in the arse to correct all the mistakes (not really CTC’s fault though for the most part, more all the obscure defi shit I’ve been doing and Australia’s shitty crypto tax laws). It took me a week of working all day every day on correcting thousands of transactions. It was the least fun I’ve ever had.
Stimmy checks have dried up, so you're not going to see the markets become bloated again like they did in the first half of this year. Actually, you may see them deflate when people that received the child tax credits this year realize that money wasn't free, but an advance on money that would have got back this coming tax season. Many may draw down their investment accounts to pay for overpayments of CTC's because they didn't know shit about fuck.
There is a coin here in Korea called 'CreditCoin' (CTC). It's some sort of lending platform I guess. It has roughly 150Xed since it launched. Seems pretty localised to Korea, but I couldn't tell you anything at all beyond that.
Check this out. It's easy to make a coin! Ctc is my answer! [CTC](https://youtu.be/6nemtLk4N2c)
In case homie happens to be a sharing individual 3KmVBKKqbXxmmKpR3d7ZooNQh5CTC1iUVw
Best in Top 100 24h QNT 42.6% $348.4418 | 0.00673059 Ƀ FIL 25.7% $116.3926 | 0.00224827 Ƀ FTM 24.5% $1.2855 | 0.00002483 Ƀ THR 24.2% $21,016.8784 | 0.40596709 Ƀ OMG 19.9% $8.6816 | 0.00016770 Ƀ ┻━┻ ┻━┻ ┻━┻ ┻━┻ ┻━┻ ┻━┻ ┻━┻ ┻━┻ Worst in Top 100 24h KICK -13.9% $0.0110 | 0.00000021 Ƀ MATIC -2.9% $1.7006 | 0.00003285 Ƀ AXS -1.8% $82.5438 | 0.00159444 Ƀ MIOTA -1.5% $1.7646 | 0.00003408 Ƀ CTC -0.8% $4.1579 | 0.00008032 Ƀ
In real life - Chasing CTC numbers. In virtual life - Chasing moon numbers.
In real life we chase happiness In professional life we chase CTC In reddit we chase Moons. It will be never enough. The case goes on forever.
Canadian Tire should jump on board. Convert that old dusty Canadian tire money into a crypto. Call it $CTC “Canadian Tire Coin”
I think Canadian Tire should jump on board.. they could convert their “Canadian Tire Money” into a crypto.. Call it CTC “Canadian Tire Coin”
CTC Cartercoin is up 9926% today - so would probably go for this one
I'm the one who warns people about visiting non legitimate websites from email, and I too got scammed for a huge amount, which is proportional to my CTC..
Tesla literally just announced they are accepting CTC again though
CTC Child tax credit or Crypto tax credit
I just received the letter from the IRS. It’s part of the Child Tax Credit (CTC) from the “American Rescue Plan, signed into law in March” It urges me to go to www.irs.gov/childtaxcredit2021 for additional information about the advance CTC payments.
>Those people will get up to $3,000 per child, or $3,600 for each child under the age of 6, in 2021, subject to income restrictions. The benefit will reach 39 million households, many automatically and by direct deposit every month, starting on July 15. And from [this article](https://www.nj.com/coronavirus/2021/05/stimulus-check-update-child-tax-credit-up-to-300-a-month-coming-in-july-irs-announces.html): >The funds, which are part of the American Rescue Plan, will give up to $300 per month for each child under age 6 and up to $250 per month for each child age 6 to 17. The maximum Child Tax Credit (CTC) is up to $3,600 for children under the age of 6 and up to to $3,000 per child for children between ages 6 and 17 for those who are eligible. When the monthly payments end, the rest of the credit can be claimed on your 2021 tax return. Idk why the average is 1.93 kids for 2019 but taking that metric with the 39 Million estimate, would be $18.817 Billion - $270.972 Billion a month, extended for the end of 2021, so 6 months would be around $112.905 Billion - $1.625 Trillion total for 2021. If extended to 2025 (4.5 years total, or 54 payments) like proposed would be $1.016 Trillion - $14.632 Trillion. I'm guessing it will settle at the mid to lower end of that range, but who knows. The dollar is bleeding
Have a kid by July and get the CTC. Clock's ticking.
The CMC limbo. A term made up by yours truly. Some time ago I noticed a weirdness with CMC's ranking. Mainly in the 201+ range. I don't know why this is the case. No idea if it's a bug or whether it's intended. But, that range holds high(ish) market cap coins that should be listed higher. At current stage, it holds 18 coins higher in market cap thank rank 100 (of which 14 above 1 billion market cap). And an additional 41 coins that rank higher than rank 200. The highest MC coin listed are wrapped BNB and CTC both at about 33b. They'd be listed at rank 42 and 44 if listed correctly. Seriously been unable to find an explanation for them getting stuck in this limbo. But it's really odd!
Just looked it up: CTC. That's either Creditcoin or Cinnamon Toast Crunch
I won my breakfast cereal raffle I held in my kitchen this morning... Btw, I’m willing to shill for CTC (cinnamon toast crunch)