DeLaHonta said:

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UncleNateFitch said:

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Look, the stock market is fully regulated, everybody gets their tax forms, everybody reports. That's not how crypto has ever been, but it's moving in that direction. Logically that's going to have periodic effects in the short term. Couple that with rate hikes and no more long tax rates, it's chilling the market.

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You do know that the crypto exchanges issue 1099s that are also reported directly to the IRS, right?

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Only over 20k in proceed or 200 transactions per annum. So again, not for the vast majority.

And option trading for crypto isn't even available to US citizens.

Are the guys using VPNs to log into foreign option platforms paying out in crypto reporting those? No.

Btfd

That' may be true for many but it's not accurate as a blanket statement. All of my trading activity is done while on a foreign IP and I report that activity. Tax evasion isn't worth my spouses CPA license.

My tune might change if I was talking about millions and it was my primary source of income but I'd like to think not.

Your spouse should know exactly the best way to hide it tho

Jk jk

"I don't do tax"

Overnight billionaire

His honesty is refreshing and adds validity to his semi-satirical plan therefore his coin has real value? Until anyone holding it tries to get out. And then it will implode.

bmks270 said:

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Overnight billionaire

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That's wild. It is crazy that there is nothing backing crypto, except someone else buying it. That does make it feel like a house of cards at times, but there are uses/technology behind some of the coins. I'm still investing though.

To buy Cardono, should I use Kraken or Binance?

I used kraken before it was on Coinbase.

Outdoorag011 said:

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To buy Cordano, should I use Kraken or Binance?

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I'm assuming you mean Cardano, and you can use pretty much any exchange you want. It's on Coinbase as well

Does anyone use this, or something like this, and had similarly positive returns?
https://www.fool.com/order/fe_offers/wf/41ba1514-1bd1-4ade-aa31-a02bd9d03f96?c=sa-inv-btr&source=isaso2eml0005188&u=2057468044&utm_source=bt&utm_medium=email&utm_campaign=bitcoin-boom&testId=op-sa-btc-boom&cellId=0&campaign=sa-bitcoin-boom

Wow I feel like an idiot. Didn't even think to look on Coinbase. Thanks for the help

The 80% tax on crypto is rumor for now. However, it wouldn't surprise me if there is a higher tax on it than other assets so that the US can favor their own digital currency.

YouBet said:

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The 80% tax on crypto is rumor for now. However, it wouldn't surprise me if there is a higher tax on it than other assets so that the US can favor their own digital currency.

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I don't get how that doesn't entrench the people that are bought in on it though. And they will just find more ways to pay people in crypto.

Champ Bailey said:

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YouBet said:

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The 80% tax on crypto is rumor for now. However, it wouldn't surprise me if there is a higher tax on it than other assets so that the US can favor their own digital currency.

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I don't get how that doesn't entrench the people that are bought in on it though. And they will just find more ways to pay people in crypto.

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I don't know that it wouldn't; I'm just saying that it won't surprise me if the government tries to skew the market to favor itself. Governments hate competitors and ours is rapidly moving into a new era of centralization.

Woooooo SOL!

Champ Bailey said:

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YouBet said:

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The 80% tax on crypto is rumor for now. However, it wouldn't surprise me if there is a higher tax on it than other assets so that the US can favor their own digital currency.

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I don't get how that doesn't entrench the people that are bought in on it though. And they will just find more ways to pay people in crypto.

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Because the govt already taxes you when you make purchases with bitcoin. You owe whichever tax rate is applicable (short term or long term investing) when you buy something with bitcoin, if I'm understanding the tax code correctly.

I hate to say I told you sol on SOL

FTT next

Where can you buy SOL and FTT? Not in Coinbase pro or kraken.

I hear people talking a lot about Binance. What's the difference between binance and Binance.us?

Binance.com is for overseas. Binance.US is for US customers.
Binance.US only supports like 30 something states. Texas is NOT one of them yet,
If you live in Texas you can't use Binance.US until all the Texas regulatory crap gets sorted out. They are thinking by this Fall Texas that will happen

AgPrognosticator said:

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Where can you buy SOL and FTT? Not in Coinbase pro or kraken.

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VPN and binance. Dont limit yourself to these **** tier coins based on USA government regulations.

So do you just register wherever your Vpn says where you are "at"? I don't understand how you'd get around all the verification stuff with just having a VPN

There is no verification stuff. You just register and email and password and youre in. Like signing up for a gmail account.

AgPrognosticator said:

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Where can you buy SOL and FTT? Not in Coinbase pro or kraken.

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SOL is available on Uphold. The pain with Uphold is that if you deposit funds through a bank account, you have to wait 65 days before you can transfer off of Uphold. So, you'll likely want to transfer coin in, trade to SOL, and transfer off. This is how they get away with no fees, your money stays there for two months.

Is there a TexAgs consensus on which platform to use to buy and sell? I've seen Binance, Kraken, Coinbase all tossed around. I'm trying out Coinbase, but the fees seem a little high for a small fish like me. Kraken is giving me literal hell just trying to figure out how to deposit money. Haven't tried Binance yet.

Should I just stay put on Coinbase?

Plenty of us sit on the Coinbase, Kraken, Uphold etc. But the availability is limited. So we pick and choose.

The real answer is to use one of the big exchanges to put money into crypto... any exchange, any crypto. Also buy and xfer ETH. Then transfer that crypto into a personal wallet like Trust Wallet or Metamask. Then trade using Uniswap or Sushi.

Or, do it through a Binance-centric thing and swap on PancakeSwap.

That's where you can swap all of the coins, on decentralized exchanges (DEX). It's more expensive and costs ETH or other depending on what chain you're on.

Also if you want slightly better fees, use Coinbase Pro. But it's more complex.

CAKE up to nearly $35 after it was first mentioned here around $5 maybe two months ago. Jeeezzz

TxAG#2011 said:

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CAKE up to nearly $35 after it was first mentioned here around $5 maybe two months ago. Jeeezzz

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This is nice for perspective. Two months is a looong time in crypto world!

Decay said:

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TxAG#2011 said:

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CAKE up to nearly $35 after it was first mentioned here around $5 maybe two months ago. Jeeezzz

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This is nice for perspective. Two months is a looong time in crypto world!

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Starting to get into Serum SRM. It's the DEX that runs on the SOL blockchain. Only 500 million MC right now. It's no Cake but may be able to get up there eventually