>mfw buying at $294 and selling at $300 repeatedly has made me over 45% in the past 2 months.
>it was that simple all along
I held when it went down to $220 and didn't buy when it went up to $350 either. It's still working. And I say that as someone who bought ETH under $20 originally, held when it went to $420, held when it went back down to $130, and still hold. But swing-trading $294 to $300 is just too easy.
wait bro, are you telling us you trade from 294 to 300? this is like $3 profit after fees. nice larp tho, made me respond atleast.
I hate this girl and I'm gonna her and fags who post her pics.
You're taxed on every trade lol
The real tip would be telling me who this girl is
It's 2%. Specifically 294 to 299.88.
I have been trading for 2%, back and forth at the exact same prices, $294 to $299.88 on Gdax, which has 0% fees.
But I've managed to make the same trade 21 times now and it compounds every single time. I'm not LARPing at all, that's literally my only strategy. Just repeated multiple times on Gdax over and over again. My limit orders are ready right now to buy in again at $294 and will be set to sell again at $300. It just works.
Pls no bully
Taxes don't work like that faggot. And the IRS boogeyman doesn't scare me anyway because the worst they can do is lay on an extra fine on your profit.
cryptos went 10x in value in august. and you only gained 45%?
OOF HOW DOES THAT FEEL OP
See I bought ETH at $20.
I'm referring to the past 2 months only, and only a small section of my portfolio. I was HERE for the 10x of Feb to June and did pretty well. Took a beating in July but yeah.
He censored his bully so it's okay.
oh sorry, didn't know you trade at GDAX. yeah i mean if this works for you, do it over and over again. every profit is better then no profit, kek. you do better then 95% of biz!
pip the friendly alien
I mean I'm holding too, and trading other coins and doing ok, of course, but I just think it's funny that my "experiment" someone here previously suggested on Veeky Forums to just pick a psychological trading point ($300) and trade the same trade on it over and over again worked out so well.
Every time I think it's not going back to $300 it does. 21 times now. It's weird how well this experiment, which I delegated to a very small part of my portfolio, happened to work out.
Taxes do work like that though? Wtf are you talking about
You're not taxed on every trade. That's a misconception.
Also capital gain taxes are non-existent when your income is small enough.
But BESIDES all that it's extremely easy to avoid your taxes with crypto so don't get into the
>lel enjoy getting raped by the IRS meme
Anyone who's not a fucking idiot isn't paying their taxes in crypto and the people who are will remain butthurt that not everybody is getting jewed as hard as them.
wrong. why would you be taxed on unrealized gains? They cant tax your crypto, only when it goes to fiat
Also: neets need not worry. They dont care unless you are making over 20k a year
Good on ya man. I've been trying similar things with BTC recently. It's surprising how much you can make long-term. Short term it seems like a complete waste of time, but stick it out and damn...
Oh you were serious. Thanks man
I'm married so my tax brackets are even nicer.
But I am referring to trading in fiat, not BTC anyway. But regardless I have my own ways of avoiding taxes and am not worried so it's not an issue yet.
Yes, every crypto including btc went up 1000% in one month.
How do you avoid them?
I started crypto tuesday. I actually haven't paid taxes ever in my life yet coz I only began working a few months ago to set aside money for school.
Crypto to crypto trades are a taxable event, period
Cool. You're still missing the point that I have my own ways of avoiding taxes so it's not an issue for me.
>lol let me guess your method is X. Yeah that doesn't work faggot.
And then I rebutal with
>No it's not X
And you say
>It's Y then. You're going to get raped by the IRS
And I go
>Nope not that either
And you say
>Nice LARP then.
And I respond
>Believe what you want. What I'm doing works
And then the thread dies.
Do you really want to go through this whole song and dance with me? Really faggot?
Have fun feeling bullet proof until you inevitably get audited retard
like kind is the theory until the IRS goes to court over it
besides, no way to audit some of the exchanges out there
>I have my own ways of avoiding taxes
Right. What are they?
And how would any tax agency audit crypto trades?
wtf is the problem with this place and pics of little girls
>How do you avoid them?
capital gains are paid when cashing back into USD
short term is higher (under a year)
twice as high
Only like 15 percent of people are doing their crypto taxes the right way. The IRS knows this too.
We are all good for now
It involves a money management business I run and some connections I have overseas since my wife is a foreigner and has access to her family bank accounts overseas. It works, I'm just not explaining it in detail here.
Everything I'm doing is legal. I just don't pay any taxes.
It has to do with There's a whole procedure I go through but it works.