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/biz/ - Business & Finance


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13216512 No.13216512 [Reply] [Original]

>tfw tethered at 5.3k

damn it feels good to be a GANGSTER

>> No.13216529

>>13216512
You should get ready to buy back in the next 6 minutes

>> No.13216531
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13216531

>>13216512
Sold 25% at 5100 and put the rest on stop loss at 5000 while I shit posted on biz, not as good as you but feels good nonetheless

>> No.13216548

>retards btfo themselves with capital gains taxes

Lmfao

>> No.13216569

>>13216548
how does this work

>> No.13216637

>>13216569
Crypto to crypto purchases are taxable. if OP is American, he will owe about 40% of the gains he just made off of selling his Bitcoin to the IRS in fiat come next tax season. If he doesn't report it and later tries to get away with cashing out in a different year, the IRS will sodomize him.

In addition, holding an investment for over a year reduces the tax rate considerably. Tethering resets that. I hope the swing trade chump change was worth it.

>> No.13216647

Me too fren
feelsgood.exe

>> No.13216685

>>13216637
fuck me, yanks get cucked so hard

>> No.13216698

>>13216637
>paying taxes

Lol ok

>> No.13216711

>tfw tethered at 5150
right when it started to dump. a close one

>> No.13216721

>>13216698
pay your taxes or youll regret it, the IRS will deep dick you, like a big black man would

>> No.13216729

setting up the shorters again lololol

>> No.13216770
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13216770

>>13216548
>lose money
>don't pay capital gains
solid plan

>> No.13216815

>>13216548
>he lives in a kosher folk controlled 3rd world shithole where capital gains tax even exists

>> No.13216820

>>13216685
It fucking sucks

>>13216698
For your sake I hope you can dodge audits when you do cash out. Else you're fucked. The king will get his tribute