I JUST HEAD A REALIZATION

WHEN YOU TETHER YOU CAN'T POSSIBLE LOSE MONEY, IT CAN'T GO DOWN

WHAT THE FUCK I COULD'VE JUST TETHERED BEFORE THE DUMPS, EVEN IF IT GOES UP I STILL DON'T TECHNICALLY LOSE ANYTHING

FUCK YOU FAGGOTS

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Yes user. You learned how to sell high.

Yes. Congratulations on figuring out the reason Tether exists.

The crippling anxiety of FOMO is stronger than that though.

>put tether on a ledger nano
>you now have safe crypto in your posession forever
fuck bitcoin

holy fuck I just made $50 from swing trading instantly

wtf why wasn't I doing this before

I just sell when its kind of high and buy when the number I see is lower than where I bought, this is really magic

No one can't time tether
The second you tethermup it skyrockets, the second you tether down, it dumps
Go try it

Yes Goyim, just tether up
Each USDT is backed by one shekel ;)

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woah dude, then it pumps because some bot/whale decides to buy and you're down!

>but m muh fiat is useless!

And then you learn that it isn't backed up by fiat and it crashes to 0

>tether
>forever

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Hey man you should check out bitnex you can do this with leverage up to 100x on there. You could have made 5k on that trade if you did.

so? its not like a bullrun is starting anytime soon lol
lol who tf cares im just gambling at this point anyway

I don't know I have mental health problems and I'm probably going to the psych ward soon.

thats ok user we're all gonna make it

>He tethered
>Push it sideways
>He's doing research
>Print 100 million tether when he goes to sleep then pump it

hope you're not a burger or have fun being taxed on your swing trading

kek you don't get taxed for intra-exchange trades dumbo, only when you cash out

You can lose out on profit, if you tether

americans do get taxed for every single trade they make

lmao about time

nice meme

Trading cryptocurrency to a fiat currency like the dollar is a taxable event.

Trading cryptocurrency to cryptocurrency is a taxable event (you have to calculate the fair market value in USD at the time of the trade).

Using cryptocurrency for goods and services is a taxable event, i.e., spending cryptocurrency is a “realization event.” You have to calculate the fair market value in USD at the time of the trade; you may also end up owing sales tax.

No... only gains are taxed. And if you lose money on a trade it cancels out some of the gains you owe on other trades.

it took me 3 months to figure out usdt. and i felt like a faggot for taking so long. and i should

Should what?

crypto to crypto is not a taxable event

even if it was it would be completely unenforceable

Good luck enforcing that kikefaggot.

>Trading cryptocurrency to cryptocurrency

Lol, This sounds impossible to keep track of......

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HOLY FUCK $50. I swing $50 every nanosecond that passes you absolute retard.

Can someone explain to me what is the problem with tether if it follows usd ( so far)
>Buy tether
>Price drops
>Exchange for more eth than you initially had

>Price goes up
>Exchange for eth
>Exchange for more fiat than you initially had

>make a transaction
>record said transaction
>difficult
Are white people really this stupid?

>Are white people really this stupid?

You do understand that the exchange has to have your SSI to inform the IRS. Right? What exchange do you use that has your SSI?

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Should

Good luck cashing out user ;)

>have to provide driver's license to register
>driver's license easily linked to SSI if the IRS desires it
So the answer to my question is yes?

>he doesn't know

Right, because it is impossible to exchange crypto with out providing your identity..........

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EXBLAIN!!!1!!1

>Put vitalik on the line

why teter when you can just SHORT btc...