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Investing types & Crypto Discussion $$$
Metario:
--- Quote from: Clear Glass on December 11, 2017, 06:46:56 PM ---Don't worry, still kicking myself. Bought 40 ETH at $10 and sold when it was at $15.50. Thought I made a nice little profit at the time..oh if only I was a patient man.
--- End quote ---
Yeaaaah I sold at 500$ and now it’s climbing to 530+$
;-;
Oh well
Aide33:
--- Quote from: KickFlow on December 11, 2017, 09:45:43 PM ---
Never forget.
--- End quote ---
>judging the value of an asset by its price growth over a week
>not seeing that ethereum has a lot more to offer in terms of technology
Aide33:
also to everyone investing in this thread
REMEMBER TO PAY YOUR TAXES, so many people get stuff on by the IRS because they don't realize is is taxable as capital gains.
if you don't want to go to jail for tax fraud, you need to pay tax every time you trade from fiat->crypto, so record those transactions.
if you think you can get away with it, good luck, because all the exchanges have to give customer info by law to the govt
Clear Glass:
--- Quote from: Aide33 on December 11, 2017, 10:18:04 PM ---also to everyone investing in this thread
REMEMBER TO PAY YOUR TAXES, so many people get stuff on by the IRS because they don't realize is is taxable as capital gains.
if you don't want to go to jail for tax fraud, you need to pay tax every time you trade from fiat->crypto, so record those transactions.
if you think you can get away with it, good luck, because all the exchanges have to give customer info by law to the govt
--- End quote ---
I’ve been day trading on Robinhood, what exactly do I have to do so I don’t get beat by the IRS.
Edit: just realized google still exists. Still any advice is welcome
Kearn:
i have no income and have made less than 4 digits, taxes are irrelevant