Bitcoin + IRS, SEC Bitcoin ETF, Binance In China, Ethereum Use Case & Bitcoin Price Rise

46 Comments

1. what was meant when you said about china, " even if there is a 4 point air drop"?

2. Better vote for Andrew Yang…all I'm saying..

3. IRS wants to stick their hands into as many pockets possible

4. I like the idea of moving to another country to rid all the nonsense tax. What countries besides Portugal is crypto tax free?

5. Attention! In 31 December the cripto paradise in Portugal May change, because European Union laws. Let’s see how it goes.

6. The IRS is a joke lol.

7. About to get a second job so I can keep stacking up crypto. Want to work 50-60 hours a week for the next year or two so I don't have to ever again.

8. Buy HODL Buy HODL buy HODL wait 5 years and find a country that appreciates crypto and blockchain.

9. Captain Planet!

10. China also has Bitmain.

11. QE6 it is inflation. Just takes time to trickle down. The velocity of money has ground to a stop.

12. So, the SEC knows crypto is manipulated because they're the ones manipulating it? XD

13. I will use a median on my taxes. Add them all up and divide how many transaction. This is Complicated as hell

14. EMA Line has crossed on the 1DAY time frame, WoW, we will see ; )

15. Remember when XRP flipped Ethereum? That was a good week

16. Advice to Americans. Don't declare anything, sell your property and leave the country.

17. I live in the UK got residency in Portugal this year because of Brexit tax free Crypto is an added bonus..

18. That’s funny as I listen to this. I’m reading Ali Pay & Wechat said no bueno lol. Things change at the speed of light in this space. That’s why the rules from the IRS are so stupid & funny

19. Portugal here I come… woohoohooo

20. it kills interest on crypto banking start ups.

21. They have Etfs in Switzerland… USA are just busy printing $100billion per day! They raised it from 70b.. #DYOR #bitcoin 21m SOV??

22. Salute Bradda

23. If you get an airdrop that you didn’t know about or want… how can that be taxed if someone didn’t want/participate for the airdrop???

    It’s crazy still…

    More clarity and fair treatment needs to still be done here for the taxation.

24. I am having difficulty finding an accountant that knows how to do anything claiming crypto for tax filings in my area… lol

25. I have spent the last 4 months working on a complete transaction record from when I started buying in May of 2017, including every buy, trade, sell, spend, send, air drop, transfer, mining income, dividend income, deposit, etc. For BTC, I have it 99% accurate out to 8 decimals. For ETH, I have it 90% accurate out to 18 decimals. I'm working with my tax adviser to revise my taxes for 2017 and 2018 to show this accuracy to the IRS. If they want MORE information than that, they can dig into the blockchain directly.

    Welcome to America, where you have to do math!!!

26. Hahahaha. When did you get funny. Captain Planet….print money keep doing that. These two sarcastic jokes had me cracking up

27. Tax departments all over the world are filled with greedy paranoid small minded uni grads.

28. Fuck the IRS. They’re mafia racketeering thieves that extort everyone they come in contact with. May they all suffer brutal heart attacks for their transgressions against humanity.

29. Gotta love the brain dead IRS

30. News update. SEC rejects fresh air. Suggests everyone breaths water.

31. News update. SEC rejects fresh air. Suggests everyone breaths water.

32. IRS, what a nightmare. With my DCA it will take 20-30 taxable events to get 1BTC.
    I hear you, wait, move to Portugal. ?

33. How would the irs regulation affect the supposed XRP loans that are supposed to be non taxible? If they're non taxable, then I would never have to cash out my XRP

34. Why not retire on a live aboard sail boat bought with crypto flagged out of Portugal???

35. FUCK THE IRS! They not taking none of my bitcoin or alts gains. TELL EM TO SUCK A DICK! FUCK THE IRS.

36. As long as Ripple keeps selling XRP the price will forever stay low. Debating whether or not I should trade xrp for other alts but I just love what Ripple has going! But damn stop selling so many fucking coins!

37. I really don't know why any crypto company want to doing bussiness in US.

38. its funny how us policy comes like a boomerang back and hits us from behind. Supported mujahedin and formed we know what happend after that, meddled around ukraine (and thats only a few examples out of pile of crap), now pushing against btc… well hope the normal us ppl get out of there before is too late.

39. IRS will take my house if i dont give them half my minecraft diamonds.

40. It’s very very simple when it come to taxes and crypto. If you’re invested in a coin that happens to 100x in price and you make in excess of 100 mil dollars…. sell……withdraw as much as you can if not all of it…..quickly move to a country with no extradition….spend wisely….

    There’s many flaws in this strategy…..this is not financial advice nor am I a financial advisor. But because of the way the Us government treat the money that WE make, it results in us making crazy and irrational decisions to protect our earnings. STUPID GOVERNMENT THIEVES ???

41. Look into Matic Network, that will be the solution for ETH to scale.

42. So if you report losses on your crypto,will the IRS give you money back?..hell no…ill be moving for sure…by sail boat….catch me if you can….LOL LOL.what a joke they are

43. What was that word again? Extortion?

44. USA citizens still have to pay taxes no matter where you go, if you purchased the asset in the USA.

45. Etherium summary…ITS GOING NOWHERE…its platform will always be used and I am sure that these update delays have a reason its happening. Its a Defi platform and many defi products will be built on it as a layer. Buy it now..

46. Ty for the perfect example of how stupid it is to try to pay taxes on btc

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