Retards are selling theirs alts to buy bitcoin right now.
Retards are selling theirs alts to buy bitcoin right now
Jaxson Parker
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Noah Brooks
>Link is guaranteed 20x in next year or two, could possibly start the run up at any time
>people risk missing out on this to get 30% gains in btc
David Richardson
crypto rookie mistake.
Adam Carter
eventually xrp and/or other industrial-grade cryptos will attract some investors who can write big checks and aren't lunatics or manipulators. bitcoin could very well lose its status as #1 marketcap, and when this happen it will drop. at that point btc may be cheaper than it is now and it could be a good time to buy a bit.
Hunter Russell
the flare snapshot could precipitate this, so it might happen as early as december
Matthew Bailey
Yeah if youre in the US it's a low iq move.
>create taxable event selling your already 20x up alt to ride a pump.
>owe at least 20% in taxes on your gains but this is of course ignored.
>sell back to alt at the end of the pump for alt season. Again creating taxable event.
>price inevitably corrects and you don't time your exit before the bull run ends.
>2021 starts
>cuckbase and others report your gains to the irs.
Now you owe more in taxes than you have because in 2020 you are hugely profitable on paper and owe tax
Too bad you are now broke in 2021 due to bad trading decisions. If you want in just buy btc with new money from your income. Don't swap needlessly if you are in a shitty tax country like the US.
Gabriel White
what if you don't sell but "convert" to different coin, does cuckbase snitch? i thought you only had to pay taxes if you withdraw fiat to a bank
Lincoln Miller
>buy bitcoin right now.
If you newfags have any brains, you'll do this (or buy when BTC reaches $30,000)
Carter Powell
>Like 20x
Can a linkmarine explain the tism behind such claims? Or is this post just actual shit?
David Murphy
If you're using a dex coinbase probably doesn't know, but they would know what address you withdrew funds to and the IRS could easily audit the chain to see where the funds went from there.
It seems like the IRS is stepping up their game this year with forensics tools so it's best to be prepared that they may know unless you are really careful about your privacy.