/biz/ - Business & Finance

>>12989054
>Forbes wants morons to buy LTC and sell XRP.

>>12950093
I think I know what you mean.

Ripple's products that don't "require" the use of XRP (xCurrent) still allow you to use XRP if you want. Companies will gradually start using XRP more often as they get comfortable with the technology.

I really don't understand how trading shitcoin for shitcoin is a taxable event. If 1 shitcoin X is worth 1 shitcoin Y, and they are exchanged this way, where does the USD figure come from? I use coinbase to change USD to ETH, so I can understand the cost of ETH in USD being used as my starting point, but say I make 9,001 trades between alts after that initial ETH to alt, and only going alt to alt, shouldn't I only be taxed when going back to USD?

As things stand it's all too confusing. It's easier to just let it sit and forget about it instead of risking jail time or owing gorillions in money I don't and never had. If a mooning happens what's to stop someone from just going to a country with no income tax for the required period of time and cashing out, saying they made the money in another country so it's not counted as income for the country they live in? I have a high risk tolerance but not when it comes to legal matters. It's almost like this is stacked in such a way to kill crypto

>>8678172
Best coin.

All-in.

>>8556901
This one.

There is still time to taste success, anon.

Install Linux on an old laptop. Only use that laptop for crypto. Power off the laptop when not using.