GAINS

OffThread

Really? TAX FREE GAINS ROTH IT, NO TAXES PAID. Duh.

MysteryLiezer

Bitcoin doesn’t “just work” when compared to fiat, though; There is no fiat exchange, there are no extra steps necessary towards spending it (in most cases); I literally get paid automatically, and sometimes, my money is even SPENT automatically (through recurring payments); the same way you don’t get paid to custom-roll Gentoo boxes, is the same way I don’t get paid to have to figure out how to pay each separate bill with bitcoin, especially when I already had to exchange my easy-to-use-for-this-use-case fiat for bitcoin that I rarely use (except as a store of value until it’s enough for me to, once again, exchange for fiat). In life, there will always be trade offs; us in Bitcoin trade inoperability for deflation; with Linux, I personally trade user experience for privacy/transparency/freedom, overall. I couldn’t help but wonder why the Linux trade offs aren’t deemed to be worth even a simple VM install, to a bunch of people who claim to be sooooo passionate about freedom (when what they’re really passionate about, are GAINS). You’re familiar with Linux, and these “vents” have less to do with you, personally, so I appreciate you for allowing me the room to express myself.

MakeItMine2024

Typical action before a halving.. could be a little frustrating for the next 3-4 months but if you want to know what to expect pull up the historical BTC price per day or week as we are in the equivalent on April 23rd 2020. The global amount of BTC mined per day is about 930 and that will drop the 465.. ETFS are purchasing exponentially more. I would take the opportunity to load up as SANTA IS COMING TO TOWN with BIG GAINS this CHRISTMAS

BiffTannen1855

Again this is absolutely incorrect. Line 21 of Schedule D (form 1040) which is the CAPITAL GAINS AND LOSSES form says "If line 16 is a loss, enter here and on Form 1040, 1040-SR, or 1040-NR, line 7, the smaller of: • The loss on line 16; or • ($3,000), or if married filing separately, ($1,500)" Meaning you can ONLY use $3k of carryover losses to offset EITHER ordinary income OR capital gains. Also I'm a CPA.

BiffTannen1855

Again this is absolutely incorrect. Line 21 of Schedule D (form 1040) which is the CAPITAL GAINS AND LOSSES form says "If line 16 is a loss, enter here and on Form 1040, 1040-SR, or 1040-NR, line 7, the smaller of: • The loss on line 16; or • ($3,000), or if married filing separately, ($1,500)" Meaning you can ONLY use $3k of carryover losses to offset EITHER ordinary income OR capital gains. Also I'm a CPA.

sheff404

JUST STARTED CRYPTO for reasl. I HAD 14.56% gains this week. MY GAINS THIS WEEK ( SHIBA INU & BCH ONLY what does everyone reccommened as i continue trading and holding? (FYI i use coin base too- and if anyone recommends meme coins DM me.) For those that dont understand crypto, the way i see crypto, the only way for it to gain value is for you to hodl it, and as others buy in, it goes top in value, with the point being that you'll only withdraw when you need to spend it it and it is a savings account of some form. When big sell-offs happen the price decreases, but if everyone holds and more buy, the price goes up as the currency becomes more scarce. whats cooler with shiba is that we control the burn rate. however, people try to trade on the ups and downs too much and instead of a consistent uptrend, it sometimes downtrends. I suggest everyone Holds. this gain is unprecedented and I was never into crypto before this week,. I finally get it. for anyone who trades stocks and doesn't understand crypto trust me, buy shiba., it will double when bitcoin halves. CRYPTO HEADS- can you confirm my hypothesis?

Screwstonplaya713

Lmaooo realistically, you need a whole bitcoin and not just a percentage to see ANY MAJOR GAINS! And everybody knows trust Wikipedia before you trust Google! 🤣😂🤣😂

I_HATE_GOLD_

https://preview.redd.it/bwdawzic7tmc1.jpeg?width=3464&format=pjpg&auto=webp&s=6316d9eb52e2c119e12e774ed72509f6b88b1105 GET THEM GAINS!!!

hotredrabbit

1. NEVER NEVER NEVER SPEAK PUBLICLY ABOUT YOUR GAINS AND LOSSES WITH CRYPTOS 2. Learn to read the graphics and identify patterns so you can get an idea of trend inversions.

brianobush

> They already take 35% of my paycheck smh. Feels like just twisting the knife to tax it again. You don't pay taxes on that portion, you pay taxes on the gains. That is why it is called capital GAINS tax.

Grouchy-Ad981

So not true imo. The biggest GAINS in the shortest amount of time are made of yolos, but so are losses. If you dont know what you are doing, have a solid plan in place, DCA id say has to win here. ESP when your talking about any stock / asset / whatever thats close to new highs. Least there is a pretty good chance this guy could still cash out in the black if he pays attention, Im hoping for a low of 100k this cycle, but your also talking like a 2T market cap

GonePhishn401

Dude..you’re literally describing REALIZING YOUR GAINS. Holy shit..I just can’t. This must be a troll. I’m all done here.

Barabbas-

You're taxed on 20% of your profit, not the value of your investment itself. Hence the term: Capital GAINS. If you're making $1mm selling Bitcoin after deducting the cost(s) of your principal investment, then you're rich as fuck and you're exactly the type of person who SHOULD be paying taxes.

ArnzenArms

The argument that you need inflation to drive purchasing and the economy is a foundational Keynsian lie and easily debunked. Why does anyone buy an iPhone? Or any cell phone? They get better and cheaper in performance / dollar terms every year! Why would anyone buy any computer products at all? You should read Jeff Booth's "The Price of Tomorrow." All human advancement results in increased productivity which is deflationary. We are all miscalibrated in thinking we're only losing the 2-3% purchasing power with inflation. We are losing that PLUS ALL THE PRODUCTIVITY GAINS. It is all being stolen by people who aren't even elected. The elected folks just tax us to take a little more and fool us into thinking we have some agency and can affect things with our votes.

Metz83

You almost certainly input something wrong, or there was something else you put in later that is responsible. Short term capital gains tax is a tax on GAINS (i.e., profit). Since you had none, there shouldn’t be any tax resulting from that. I traded some shitcoins for Bitcoin which is a taxable event, but all of them were at losses. I had no gains on any of them, and my refund was not changed at all after inputting them.

ptrnyc

Yeah it’s insane. Imagine, if you cash in some investments that made 7% (and thus lost money), you still have to pay freaking capital GAINS on these 7%. Insanity.

UpsetPush

Rite for certain and HELLO CRAZY 😝 GAINS BUT GREAT PROJECTS

ROBINHOODEATADIK2

That sounds like a good plan …. Unless they end up doing like the cognitively challenged moron in the White House has suggested and start taxing UNREALIZED GAINS !!!

fairysquirt

... it's just called accounting a CAPITAL GAINS TAX EVENT, does not mean you're taxed on every trade, it means you need to keep a record of every trade because CGT is triggered at point of disposal. you could figure out CGT by your first and last trade and the value change is clearly gain in your capitals value. the thing is we don't do one tidy first and last trade we split it off, some things we hold something we day trade. so they are just saying you need to do CGT properly like LIFO or FIFO or what ever. yes every trade is a taxable EVENT, but it doesn't mean you're taxed on every trade like some sales tax bs... lets say you do a trade and your capital value has increased 200 usd, like you bought 2000 usd of bitcoin and then next time there's an event you are buying 2200 usd of eth with it? where did the 200 come from? it's a capital gain right? and you're saying you pay tax on that trade? right? WRONG. why? well because your NEXT trade after that a month later you are selling your 2200 usd eth for 2000 usd sol, where'd the 200 usd go? well if you can only buy 2000 usd of sol now its because your eth is worth 2000 usd at the time right. well whats +200 -200? it's 0, so you aren't fuking paying capital gain on either trade they cancel out and you have NO CAPITAL GAIN, all you HAVE is two records ie cgt EVENTS showing that. so stop dramatizing basic accounting, you NEED every trade record, deposit and withdrawal to ACCOUNT for, why your capital total value at start of financial year was 100 USD and EOFY is 20000 USD, you're being being taxed on the capital GAIN in the END, not the middle, you just need to account for your business dealings. minus expenses/costs. the thing is, if you want to buy and hold crypto, CGT 'end result' is only determined at point of disposal, and if you hold for one year TAX on capital gain is halved in many countries. you could buy bitcoin and eofy it has gone up 19000 usd, and you never pay tax on it until you dispose of it, triggering a CGT event. but not every trade is taxed, it is just an EVENT the last disposal event determines the most recent point of reference for its value where tax is concerned, like... you may have done your last trade in august, and now its worth 10x more in december, but you aren't paying 10x more capital gains tax, because the value is determined by the latest disposal. they aren't taxing your every profitable trade, it's just basic accounting of a capital gain. initial value determined by expense/buy in and sum total value of every asset you hold, with a value determined by the last event as that is the running total value. maybe all your asset were worth 20x more in the middle, why would you be taxed on that total value, when before eofy you're back down??? clearly capital loss cancels capital gain.

FFMooch

AH, YES! I mean, if youre here, youre not even thinking of #3. #2 is awful. I have had TWO boating accidents in recent years. Rough times. And finally, anyone else notice on Twitter how all the so called experts are BACK! Geniuses, just aching to share their knowledge. NOWHERE to be found when BTC was 16k, but here they are. Back and with larger fake followings than before. Let us not forget, no one knows anything, you're not as smart as you think, you can not use leverage and MAKE EVEN MORE GAINS. Just stack and hodl. it IS that simple.

libretumente

You said fiat GAINS. I'm talking about real world utility being the reason some people buy and use crypto, not solely for speculative 'fiat gains'

SmooveMari

Happy new years everyone in this space! WE ARE STILL EARLY in this journey! CHEERS TO MANY GAINS THIS NEW YEAR📈🚀

Substantial-Rub1736

Yes - YOUR ARE TAXED ON THE GAINS OR LOSSES. In other words, if the crypto hasn’t moved significantly it’s a complete non issue. The taxable event is on gains/losses that are realized it’s not a fee to the government for exchanging from one currency to another.

NeminemLaedit

Nope i) The tax-free threshold is £6k, falling to £3k in April '24. ii) You pay tax on the GAINS, not the gross withdrawals,and you must calculate your gains and enter them in the SA boxes.(Use Koinly) iii) The basic CGT rate is 10%, the higher rate 20%. You must ADD your gains to your other income, salary, interest, rents, etc. The portion of Capital Gains that fall under £50, 270 (all income) will be taxed @ 10%. The portion above will be taxed @ 20%.

Ok-Ant-2143

Haha...I figured this out when btc Was $16k...sold and took the smaller hit on taxes, bought into BTCC.B immediately. (Lost a small amount due to fee's and slippage but who cares.) It was like a lightbulb going on in my head...TAX FREE CAPITAL GAINS. I know this sub will shit on it...but the lure of tax free is too good to ignore. (Sorry American's...you have to wait for you ETF's before you can do the same.)

LargeSnorlax

[When you see people posting about a coin in the daily and go to check](https://i.imgur.com/7XwRdia.png) Expectation: *"HOLY SHIT THIS IS GOING TO THE MOON, 5X GAINS"* Reality: My stocks went up more.

doubleknocktwice

Try to create a legit pumping coin. Say you create a leverage trading platform and offer high leverage. Create an ETH vault. People can trade in ETH and bet on coin prices going up or down. How to protect the ETH vault if more people win than lose? Create a coin that gets part of the trading fees. So you hold 10,000 GAINS. You get part of the trading fees. ETH vault gets drained due to good traders. So GAINS are minted and sold for ETH. Enough GAINS are bought and between traders losing and GAINS being sold, the ETH vault is well funded again. Assume more traders lose than win. The extra money can go to buying GAINS and burning it. So not only do you get ETH from trading fees for holding GAINS, there are GAINS being bought and burned by trader loses. And with your ETH rewards, you can buy more GAINS and get more ETH in rewards from your larger stack. And you can build upon that.

BigGaynk

that's what he is saying, but what he i implying is BUY NOW GET IT NOW BEFORE IT MOONS BUY BITCOIN BUY BUY BEFORE THE RICH WHALES SLURP UP THE GAINS

doodaddy64

> Accounts covered by the court order were determined by the sum of deposits, withdrawals, and trades conducted by the account. If I have it correctly, normal tax law is that ALL your GAINS are reported on a 1099. So for instance, the price of a stock minus the price at which you bought it is sent to the IRS. It sounds like here if you just bought crypto, you are already reported. The IRS doesn't need that info, but they get it. And what "court in California" is this? And why do they decide? > What information is being shared? > Transaction history for 2016 to 2020 OK. So transaction history going back years is ALSO well above normal IRS procedures. They don't get the "transaction history" and they don't go back years until they have a subpoena for some reason. And on it goes. The US is the fascist state that it mocked every other small country for.

TripTryad

This is a lesson nearly every old school crypto investor has learned if it makes you feel any better. Youll likely be back, but youll only bother with alts during the bull run when they are going crazy, and youll avoid them and go BTC during bear markets at best..... because thats just how it works. Everyone that's new avoids the big market cap king during their first bear market, because they want those "HUGE GAINS, not some measily 2x". But once you realize that its just going to burn you 99% of the time, you move differently in that next cycle.

analogOnly

There is no income tax on selling bitcoin you've bought, period. Exception - You mine bitcoin, it is a source of income, you pay income tax on it Exception - You are paid wage directly from your employer in bitcoin, you pay income tax on it. ALL OTHER FORMS OF SELLING BITCOIN ARE NOT INCOME, and you pay CAPITAL GAINS TAX. That is it.

pandaslovetigers

I don't understand. Capital loss implies that you SOLD (at a loss), and that's only to be deducted from capital GAINS tax overall. The government won't send you money because you got hacked or had your jewels or Bitcoin or car stolen... Care to explain in more detail what you mean?

ra246

Viewer making $GAINS

Dr_Will_Kirby

Sooooo i have been in this CLOWNY ass space for almost 3 years now.. STILL NOT A SINGLE FUCKING CENT OF GAINS Crypto is one of the biggest scams of our time… change my mind

Dr_Will_Kirby

Ive been in this shit for 3 years man… NOT ONE SINGLE CENT OF GAINS… I just don’t know anymore

Qptimised

The guy has $1.5million in something called GAINS (GNS).

SetoXlll

I'm in it for the tech but if I'm green, ima sell for GAINS all day everyday playa!

BarryTheBaptistAU

What a lot of folks forget about is the taxes and clips exchanges, and the tax departments clip. Sure, it depends what country you live in and the tax regime there, but if 100K turns into 1M, you have technically made a capital gains tax (CGT) of 900K. That is after you take out exchange transfer fees. In my country, that would equate to roughly 40% of 900K, or 360K in CGT leaving you with just 540K net profit or 5.4x. Hardly life changing money in most 1st world countries. Even if you add back you initial 100K, 640K won't even buy you a 2-BR apartment in many countries. The situation and world view is really skewed in developing and 3rd world nations. There is no way in Hell you are going to have 100K lying around to invest in crypto for starters. Secondly, even if you were gifted 100K USD in your local currency, you'd have to ask yourself, "*Would I be more likely buy a house outright, plus a new car outright, plus some of life's little luxuries, OR invest it in highly speculative and risky investment like crypto that is going to be taxed and clipped at every point along the way?"* STOP LOOKING AT GAINS AS PURE PROFIT!!!!!!!!!!!!!!! It's not that simple.

ChrisDlegend

When people tell you there are massive gains in project x... THERE ARE NO MORE GAINS IN PROJECT X.

Traveler-0854

I would assume most people here don't sell when up and then buy back when it dips. They're too focused on BIG GAINS instead of steady profits.

crust-xyz

"GAINS"

BlubberWall

Adding this to my RothIRA the second I can TAX. FREE. BTC. GAINS. IRS can suck it

supersmoked420

LOL! BIG GAINS TODAY!! Fingers crossed

SpaceFaceMistake

Most owners are in a gain. What’s your math on that. Way more people in gaining or have gained and sold out from a 1-10yr hold then maybe they are in NOW a NEGATIVE position maybe re brought at $40k but they turned (example) $1000 $BTC in 2014 for $320 in December and cashed out at $60k+ which is a 200x on their investment. Now they sold and re brought at $40k eg and now it’s $30k on the up. So while down 25% or 0.25x on their buy in of 40k~ price With $186k~ worth that was made from the initial $1000 invested for $320 per BTC in 2014 cashed in 2021. Maybe this makes for a case that Maltese sense for your statement but I believe it’s an overall GAINS and losses The market is UP how many thousand % still ? Yes it’s peaked but it’s not over by any means and only more people will adopt and more will be happy that blockchain is secure and REAL $BTC which is different than Bitcoin but it’s more or else the same. One is a market ticker and the other is the white paper.. that’s what people mean. So Bitcoin and $BTC are the same asset. But $WBTC IS NOT $BTC wrapped in something it’s not PURE BTC. But it’s useful for wrapped needs but imo BTC don’t need it things like $BAN BANANO wrapped is GREAT AS you can then swap to any other coin on exchange where Banano Cant be directly swapped on many or any exchanges.

guru_uru

dude i studied chemistry i did enough calculations lel. your math is soooo shet lel. OP saying if btc goes to 31k that the portofolio increases from 23% to 26%. OP isnt saying GAINS but PORTO. If 3% is equal to 1k, devide 1k with 3, multiply by 100.

Whitechoclate21

Stacking GAINS!

MrHeavenTrampler

Damn! I started investing in LTC in Winter 2020-Winter 2021 and MADE MASSIVE GAINS IN MATIC! I didn't cash out tho!

SickRanchez_cybin710

I don't see it mentioned alot, but it pays me 6c daily just for owning it, so far I've made like $10 which is HUGE GAINS MATE! So keen to buy some oil for my lambo with it /s I've only got a few hundred atm, will be buying more as time goes on, got 1.3 eth, going to start stacking btc as well, and then when I've got a good amount, the tezos will come in next. God I hope it pumps hard

t9b

You are not investing in crypto, you are exiting the current financial system to a safe haven. The problem for the SEC is not the losses, but the GAINS

Nifty_5050

>So you're making 800k in GAINS a year and this is going to impact you? 90% of the population only even has around 1.2m in assets(not gains) total. Not per year...just total. The second it starts impacting anyone in the 90% tile people from all sides will freak the fuck out. We went from top end 2% federal income tax to 37% on the top end. It's not a matter of if dude. Rich will adjust and the government will reach deeper. History has proven me right. >Why wouldn't the next step to be to tax loans taken against assets over a certain $ amount? Because taking loans is not earned income...

Delphizer

So you're making 800k in GAINS a year and this is going to impact you? 90% of the population only even has around 1.2m in assets(not gains) total. Not per year...just total. The second it starts impacting anyone in the 90% tile people from all sides will freak the fuck out. Why wouldn't the next step to be to tax loans taken against assets over a certain $ amount?

ACShreds

>High taxes have a direct effect on spending and borrowing behaviors of individuals as well as BUSINESSES. Did you even read the article?? This is about CAPITAL GAINS TAX. Not income tax or tax on businesses. It will affect super rich individuals when they sell their assets, sure. Now explain how that will "make us stay poor, sponsored by Biden 🤡" I'll wait. The post is indirectly related to crypto at best, which is probably why it was removed. How can anyone with a rational mind actually believe this garbage? That's what I can't understand. It's willful ignorance and you need to be better.

7inky

LP is like a see saw that tries to balance itself. When one side gets heavier or lighter, the other side gets converted to the other to balance out. Total doesn't change if the other half is a stable coin. IL is the GAINS you missed out by not keeping the ETH as ETH. When in LP it gets converted to LP tokens.

Rotchknow

Good Day Everyone! 5 am here in Iceland. Hoping you guys a Sunday full of GAINS! Manifesting Moons @ $10 each.

jthizz77

BULL RUN BACK ON !!! BIG GAINS INCOMING good job bros

gerassmeg

here in Greece crypto is taxed like normal investments still, so you declare starting amount of money invested, amount of money withdrawn if so and then pay 15% on the GAINS ...not low but not crazy high / complicated

ysus76

I'm pondering it. I'm not in the green per se, but I could consolidate my wallet now that I know which coins I want to stick on. Easier said than done of course: the dream of at least recouping all my losses is stronger than ever, and sometimes I even let myself wander into the sordid wet dream of... GAINS! It's a hard life.

urug99

Right, legal tender is different than a business/vendor agreeing to take USD. Very different indeed lol. I can't speak as to whether or not people in India will accept USD even if it's not legal tender, but again even if 100% of businesses in India do, that doesn't mean shit for the other countries. Fact is, you might be able to get by in some countries with USD, others you will need to convert it (which is usually pretty easy but point stands). I don't get why gains tax eludes you. IF YOU GET PAID BY AN EMPLOYER IN BITCOIN, YOU DON'T PAY GAINS TAXES (unless there are gains! duh lol). So you are right you don't pay gains tax when you get paid in USD, because there are no gains lol. No gains = no gains tax If I gave you $100 as payment, you have to pay taxes on $100. If I gave you $100 worth of bitcoin, you also pay taxes on $100. If you're bitcoin stays at or below the value it was when I payed you, you don't pay gains taxes (cuz it lost value). BUT if your $100 of bitcoins turns into $1,000,000, then you got to pay taxes on that cuz you gained money. Gains taxes is paid on GAINS. This is very simple.

eucalyptushoney007

Legal tender vs a business/vendor agreeing to take your cold hard usd cash is very different. I don’t know many countries that turn down usd legal tender or not. Yeah you should convert to local currency but your life will not be harder walking around India with usd.. Over 60% of businesses in India invoice in USD. THERE IS NO CAPITAL GAINS TAX WHEN YOU GET PAID BY AN EMPLOYER WITH LOCAL CURRENCY. IF YOU GET PAID BY EMPLOYER IN BITCOIN THERES CAPITAL GAINS. PERIOD.

Incredibly_Based

GAINS my friend, we only care about GAINS here in CC

SpaceFaceMistake

I believe it was destroyed when $doge hit its ATL or that area and then $shib followed but people believe still that they will Boom. And THEY HAVE MERIT if they BURN ENOUGH then it is possible but they need to burn A TOKENS. SO THE DEVS WONT BURN THEM ALL. Not at the current PRICE. They are a MEME COINS WORTHLESS ONLY TO THE OWNER AND THE POPULS THAT USE THEM OR ACCEPT AS PAYMENT ETC WHATS THEIR POINT OTHER THAN THE LUVKY FACT THEY MADE THE MOST GAINS ON THE MARKET EVER TO HAVE BEEN KNOWN. Seriously what’s their point?

SpaceFaceMistake

They will keep going fine if only they didn’t remove bitcoin.. it will hit $100k and they will be the FIRST COUNTRY TO MISS READ THE MAREKT WHILE OTHER COUNTRIES MAKE MUCH GAINS AND $BTC GETS MUCH FAME!

JERMYNC

Yes Please. No more pain, just GAINS!

Gen_X15

Fuck yeah got my 100m Bonks 😎 it’s early alt season baby. Got some sol bags as well. Fuck the fud. GAINS!

bookworm010101

You cherry picked all tech flip to energy, oil, and infrastructer 10-150% GAINS

RandallBoggs_12

Well yeah, they said they are taxing GAINS which means they expect people to profit off of crypto. Doesn't 100% mean crypto will go up, but it does mean that Italy is expecting it to at least not become irrelevant, otherwise they wouldn't bother with this tax And yeah tax does suck but crypto is not too different from trading stocks so it is fair in that sense.

Jumpman707

That means no taxes for me. Not Italian and NO GAINS.

Kappatalizable

I would definitely be happy ***IF I MADE ANY GAINS***

randomFrenchDeadbeat

Dude ... unrealised GAINS. As in **gains.** You dont get taxed when you dont have gains, wether realised or not.

liquidswords3

Correct. So sick of these children saying this proves we need regulation. YOU acquired decentralized (hopefully) assets and YOU decided to throw those benefits out the window and keep them on a centralized exchange run by the same type of people who were responsible for 2008. Should we compare the 2008 public losses to these? If crypto needs regulation because of this, then Goldman Sachs should be bankrupted & liquidated yesterday. Tell the truth: you don’t care about crypto or cypherpunk principles. You don’t care about monetary principles. You just want your GAINS. Well, you just gained a lesson. Do yourself a favor and learn from it.

WheresTheButterAt

Tricked myself like that recently, was like "WOOOAH THE GAINS!" but CDC includes your fiat wallet in the daily gains and loses screen 😅

Gen_Pain

Oh, you think the bear market is your ally. But you merely adopted the red dildo; I was born in it, moulded by it. I didn't see a green candle until I was already a man, by then it was nothing to me but face melting GAINS.

MrBluoe

let us assume that your friend did not do any shady business like stealing, hacking or other illegal stuff. in that case, the only reason I can think of for him to ask this of you is that he does not want to declare those funds and pay taxes on them. so that decision will depend on you: 1. where do you live, and how much taxes would you pay to do this for him? depending on your answer, you will know if it is worth it or not. usually, people pay taxes on GAINS. so if you invest 4.000 and later withdraw 10.000, your GAINS would only be 6.000, so you would only pay taxes on 6.000. if you withdraw 10.000 without a receipt of purchase, you will pay taxes on the full 10.000. 2. even if it is worth it, in most cases this would mean money laundering, which means you would be involved in a crime. I am not here to tell you how to live your life, so whatever you decide: just be sure you understand the laws of your country and their consequences. 3. and last but not least, there is still the option for him to have gotten those funds from weird places. But you can verify that. Ask to see his wallet, wallet history etc. If he is your friend he will be able to give you the details and explain what is going on and why he needs that. But like most people here are commenting: 9 out of 10 times this is a bad idea.

SpamsNiceThings

Friendly reminder for those seeing their avatars go up in price. PLEASE REALIZE THE GAINS

Paskee

Users: IMAGINE THE GAINS IF ( when ) HE IS FOUND INNOCENT !!!!111 Buy

ThatInternetGuy

Crypto people should be cautious when using a term like "deflationary" which doesn't really mean what they think it means. Deflation means the currency **GAINS VALUE** when benchmarked against a basket of products**.** It doesn't refer the decrease of the currency supply. It's two totally different things. Just because a currency has less supply doesn't mean it's deflatory. In fact, DEFLATION is a scary situation that no one wants to happen to their currency. It can cause an economic recession.

unlmtdLoL

Gains lad! GAINS!

Ok-Celebration-1010

More opportunity for GAINS ! have to always stay positive whilst crying inside

EvilBeanz59

And here people are saying YES...THE FED!! YES....BANKS!.... It will lead to "MASS ADOPTION" ...please all these people want is MASS GAINS to dump on people for FIAT CURRENCY!! Give me a break....mass adoption will come one way or another.... You dont need major centralized entities for "MaSs AdOpTIon" This is the bullshit that things like Bitcoin and others were directly invented/thought of in the first place... And all some of you can think about is "MaSS AdOpTIOn" which in reality means "I want people to buy up so I can dump my bags/be exit liquidity for FIAT!" Thanks for coming to my TED TALK....

SpaceFaceMistake

Good point it happens more often since personal investors and traders loose 75~ % of the time. (This isn’t Financial Advice I don’t work in finance I only learn for my personal finance) Sure if 75% were losses of cutting losses at $1 per $100 per trade but the 25% wins were $1 for every $1 meaning the 75% losses are way less than the gains total from the 25% wins. However this isn’t likely.. Most cases one wins on a small long before they keep longing the market (instead of selling it) and then end up in the red after a high of in the green. Learn to MINIMISE LOSSES THAN MAXIMISE GAINS. This way you save money and make money naturally focus on gains when they are in front of you. Not when you are envisioning the change in market or going of tech analysis or sentiment whatever. Only act on the current market stats. Unless you’ve been in this for years with a company trading and Investing crypto or shares or forex or bonds or security’s etc etc and use pro programs be bots to trade signals that tell you when to trade or invest or close out. There are so many programs use the main brands or whatever you find legitimate with country of origin certified to be an exchange or merchant or an investment agent as the offering here and type of offerings are huge. So say you want to start trading or investing. The current issue is low income can’t get in. Really as you need $500 on one company on the share market plus a consult fee so maybe $600 or you start first purchase then you can top up with less like $10 amounts etc but that’s only one company you can buy or sell shares but it’s not going to be many shares unless they are $1 or less (penny stocks) so you get 500 shares or full stocks (shares and stocks aren’t the same a share makes up part of a a single 1x stock of the company shares are to make stocks smaller much like Satoshi’s are for Bitcoin). Then you could use crypto and invest NOTHING just collect a few $ like ok CoinBase Learn Earn like me I made over $18 in last 6 months and in 18 months total about $50 USD in learn lessons. They do vanish when they are completed by the value the project gives CoinBase to market = how many people get it. Most times it’s like Hundred thousands of people will get $3 of the coin. Hold or sell it. Or can use bank and get $1 BTC or $10 BTC or any crypto OTC depends on min price for exchange. Start with $10 as example. That $10 over 2 years goes up and down. From $10 into $15 then into $25 then back to $15 then up to $30 then down to $20 then up to $40 then down to $25 then up to $69 then down to $17 and up to $28 and down to $21. If you HELD that pos over that entire 3 years price you would have made not much profit as it’s gone up and down. Your Up double your money. Which IS OK! BUT WHAT IF YOU SOLD AND LONGED EACH SEGMENT OF THE MARKET OVER THESE DROPS AND PEAKS? You may have turned that $10 to $15 then $25 then short to $15 and have $40 long $40 to $80 then short $80 to $35 make whatever now have $115 long that to $69k BTC from $35k so end up with $200~ then short market from $69 to $17k that $200 is now total profit of $590 on $10 over 2-3 years. Also potentially way more with 2-5x leverage or a margin in place to turn the small amount of $10 into $50 position for a 5x.. but anyway if you were that other HODLer you’d have made $10 from $10 over the same time 2-3 years. You could have sold at $69 but didn’t. The only issue here or difference is a risk profile. If you can manage that risk property and this is all an example this isn’t how I would trade… I trade in much smaller time frame snippets so that then much less can go wrong if it goes the opposite way into red toward stop loss i will let it stop the loss asap along as the trend isn’t having a small adjustment. There are many strats to trading btc and other crypto but bitcoin is traded specifically with specific crypto trading methods as it’s the longest standing and to date always is the lowest market% loser when market falls and when it gains it isn’t the largest % gainer but it’s always up or down. The volatility isn’t as bad in bitcoin as it is in almost every Altcoins coin bar stable coins. Anyway focus on MINIMISING LOSSES AND HOW WHEN YOU LOOSE IF YOU HAVE AND HOW YOU COULD DO IT BETTER. USE A PAPER TRADER AND SET UP FAILNG POSITIONS TO LESRN HOW TO GET OUT OF IT WITH A PROFIT..!! Paper trading is super smart if you haven’t traded and want it practise how to use the charts and tech analysis and use market sentiment to analyse the market data in front of you/real time.

SpaceFaceMistake

Good point it happens more often since personal investors and traders loose 75~ % of the time. Sure if 75% were losses of cutting losses at $1 per $100 per trade but the 25% wins were $1 for every $1 meaning the 75% losses are way less than the gains total from the 25% wins. However this isn’t likely.. Most cases one wins on a small long before they keep longing the market (instead of selling it) and then end up in the red after a high of in the green. Learn to MINIMISE LOSSES THAN MAXIMISE GAINS. This way you save money and make money naturally focus on gains when they are in front of you. Not when you are envisioning the change in market or going of tech analysis or sentiment whatever. Only act on the current market stats. Unless you’ve been in this or trading and Investing crypto or shares or forex and use pro programs be bots to trade or to tell you when to trade the offering is huge. So anyone can start with $500 on share market maybe $600 incl fees or you start with $0.0000001 on crypto..? Or $1 even or $10 into $15 then into $25 then back to $15 then up to $30 then down to $20 then up to $35 then down to $15 then up to $69 then down to $17. If you HELD that pos over that entire 3 years price is in mimic of BTC above but pretend $10 invested when it was $10,000 and ups down to $69k then down to recent $17k. IF YOU SOLD AND LONGED EACH SEGMENT OF THE MARKET OVER THE 1D charts or weekly monthly trades in and out or long and short. Instead of hodling Long.. or on a buy. Cash out at peaks for UsDc or whatever you prefer OR you change your positions from long close the long in profit then start a short and wait for the change in pattern or follow it and be patient. There are many strats to trading btc and other crypto but bitcoin is traded specifically with specific crypto trading methods as it’s the longest standing and to date always is the lowest market% loser when market falls and when it gains it isn’t the largest % gainer but it’s always up or down. The volatility isn’t as bad in bitcoin as it is in almost every Altcoins coin bar stable coins. Anyway focus on MINIMISING LOSSES AND HOW WHEN YOU LOOSE IF YOU HAVE AND HOW YOU COULD DO IT BETTER. USE A PAPER TRADER AND SET UP FAILNG POSITIONS TO LESRN HOW TO GET OUT OF IT WITH A PROFIT..!! Paper trading is super smart if you haven’t traded and want it practise how to use the charts and tech analysis and use market sentiment to analyse the market data in front of you/real time.

Wondernautilus

"This man needs 50mg GAINS stat!"

KingKDDavid

I wish everyone MASSIVE GAINS

Master_Of_Logics

If something GAINS value, then it is STORING value TOO. It is not storing value onlywhen it LOOSE value. If you talk about HODL, bitcoin has this function, cause 1 BTC is ALWAYS = 1 BTC. The same in 10 years. If you talk about 1 BTC needs always being the same price in dollar, then it is impossible. And the reason is not in bitcoin. The reason is in dollar. Cause dollar always changes its value. Its possible only if bitcoin will fall the same as the dollar. It is impossible, cause dollar has infinite supply but bitcoin has not... Imagine: you STAY on stairs (Bitcoin HODL), somebody is going down on stairs (Dollar gyperinflation). The distance between you and him will increase most time, even if he will go back two stairs up sometimes, and then going down again... One way to store the distance between you and him - going down too.. Bitcoin was created not for falling. You think you talk about bitcoin, but in fact you are talking about dollar. Interesting illusion.

VictoryDangerous

I'm not saying it shouldn't be a store of value. Money SHOULD HOLD ITS VALUE. Absolutely. Buying a hot dog today should cost the same in 10 years. HOLD its value. Bitcoin doesn't HOLD its value, it GAINS value. I believe it will always gain value over the long term. This leads to hodling bitcoin. You need velocity of money in an economy to thrive. HODLing removes it from circulation causing more price volatility.

Intelligent_Page2732

And for the real newcomers: FOMO: *Fear of missing out* FUD: *Fear, uncertainty and doubt* HODL: *Hold on for dear life* GAINS: *is when somebody gains alot of weight and need to lose it* POS: *Proof of Stake* POW: *Proof of Work* Welcome newcomers.

Solid-Suggestion-653

Is he even human?! I mean look at that shit eating grin that screams, “IM TAKING ALL YOUR GAINS!!! Muahhahaha!” Although none of us truly have any gains with this here bear market.

fuckinBogged

Unless you’re offsetting capital GAINS you aren’t tax loss harvesting you’re just losing tons of money. That article is a joke and so are you 😂

ShanktarDonetsk

My crypto holding increased from 0.5$ to 200, what a huge percentage increase. I used to have 1 member and now I have 50. MASSIVE GAINS. If it was that successful you wouldn't need the constant shilling posts here my man. Good luck with it all though!

newreddituser666

Not everyone cares about decentralization, we’re here for GAINS.

paladin68

That's not the was unrealized gains or losses are calculated. It's a missed opportunity for you but you are still at a 15-16k per coin of unrealized GAINS.

Re_LE_Vant_UN

ETH isn't a true alt, it's a blue-chip that both drops more percentage than BTC in a bear market and GAINS more in a bull market. Take that as you will.

Much-Weekend-8882

Buttcoiners are pretty much like Daniel Day Lewis in the end of There Will Be Blood telling bitcoin cultists there are NO MORE GAINS lol 😆 brutal scene ngl in film and here now

NegativeKarmaProfile

This is just a short term blip What about then man who had houses in 2008? They HELD and now they have GAINS No reason to sell. Buy MORE. Future global currency, so obviously requires a high value - matter of TIME

NegativeKarmaProfile

I’m fucking loving this Just put another £8k in This bottom is just beautiful and gets lower every day. Every day = lower bottom = bigger dip = buy more see u suckers at 70k with my GAINS

mikelegnd

Yeah, look at the chart. Large crashes ALWAYS followed by MASSIVE GAINS.

keto_brain

This GENERATION it gained 15,019.01%. How many times do you want me to post this? If I was up 60,000% and now I'm only up 15,000% I lost nothing certainly not a GENERATION worth of GAINS. Technically Netflix has lost 5 years worth of GAINS, but AGAIN is till up 15,019.01% for this GENERATION.

Cleafonreddit

Indeed! and thats good because some time ago most people didnt watch anything related to crypto and some may not even know about BTC. Now is pretty normal to ATLEAST know what Bitcoin is, thats the point, people is starting to "look" at crypto. This dosnt mean HUGE GAINS, its not about it, its about people starting to notice crypto.

thunderousbloodyfart

Nah not even close. NO CAPITAL GAINS TAX on Bitcoin. Period. That is where we need to be to adopt as a currency. $200 is a joke and I will still never spend my Bitcoin when I could just save it and spend fiat. Once we get rid of cap gains, I would spend my BTC on everything.

mxpauwer

Half of the reasons for me investing in crypto and not stocks was that after one year of hodling I don't have to pay taxes on my gains. And now I am like: 'WHAT GAINS?'