Capital gains dude... you get taxed less in crypto than honest jobs.
I paid almost nothing my 2nd year trading crypto because I believe it's 37,500 in the 2nd year, for 0%, first year it's like, 10% which is still less than honest jobs where you actually build something.
My big problem, is i want to buy anonymously, and i have no idea where one goes to do this. It seems everyone has a pozzed exchange which is annoying
Everything got kiked around the end of 2018, as far as exchanges go.
If you want to buy anonymously you'd have to buy directly from someone, if you bought with cash and the seller didn't know your identity all the blockchain would show was that someone sent money to some address. Without any tie from you to that address you could effectively stay anonymous, but it's a real pain and has some decent trust considerations.
In the old days when miners could still do it from home based rigs you could find people to buy direct from. A little harder now. I don't know for sure but maybe try buying alt coins and then exchange them somewhere for bitcoin. I think there are anonymous exchanges that do that. But you really got to trust it.
Damn, ok i did not know this. I would assume they would use capital gains + inflation, and use some obscure taxation mechanism. Allthough i guess this assumes you even declare said bitcoin, which is unlikely
I traded alt currencies. All the banks ever saw was that I sent money to coinbase, sent that BTC off to cryptoland, and got more BTC back, worth more, sold back through coinbase.
It's like trading assets, there weren't any rules really for crypto at the time. I'm not sure now.
yeah that doesnt work anymore, i used coinbase and they send your shit to the IRS now, so you may be dumping out of the exchange, but there's still a record you owned said crypto coins.
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