Trading between cryptocurrency and taxes reddit


trading between cryptocurrency and taxes reddit

etc. Update : The IRS has clarified that a crypto to crypto exchange is not a like-kind exchange. This shows you my original amount: This shows you my original amount: This shows about 130,000 USD that I sent to this exchange from a ere are some other amounts in there, but these are amounts given to me by family members to buy them. I feel that Bitcoin may indeed hit 10,000, 20,000, 30,000 and more over the next few years. So in total, my investment was about 185,000. While its risky to show you guys this stuff, I wanted to be sure you see this is real and not a bunch of fake bullshit the values and earnings are what you see! Its an economic system that supersedes government control. What I was able to do is USE my significant online revenue stream to invest in crypto currency and make even more money than I would have just saved that money.

Sell crypto for fiat - pay ordinary income tax. Once you sell your Bitcoin or Altcoin for USD, youll be taxed at a rate. Its available for anyone to see on the Ethereum blockchain.

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As one of the more popular automated bitcoin traders in the space, Gunbot is used by thousands of people every day. Now, my portfolio is small still and I only touched 1 million USD dollars in crypto wealth (there are some people with vast sums but Im on the first step to a greater journey. You should never ever invest more than you can afford to lose. Users can access backtesting, cryptosight, TradingView, and more. So Im officially a millionaire right now at least a paper one. Had you put 1000 dollars into NEO just 4 months ago (when it was about.20cents a coin that 1000 dollars would be worth over 200,000 USD right now with the current price of 40 per coin. I have patterns and indicators that I look for on those charts so I can quickly flip through them. As fast as the FinTech and virtual currency worlds are growing, a lot can change in a short amount of time. Do the wild swings make day trading harder? The fact that Autonio is decentralized is important: just like the cryptocurrencies it trades, Autonio is built on decentralized infrastructure. I feel Bitcoin will be going much much higher over time even much more than the they are valued at the time of this post writing.

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