Reply
  • Mar 12, 2024
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    1 reply
    ragedsycokiller

    Any way to reduce capital taxes or just bite that bullet?

    I'll be in JP in a about a week

  • Mar 12, 2024
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    1 reply
    NowhereMan

    Set up an account on MEXC

    non americans get the fun exchanges

  • Mar 12, 2024
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    1 reply
    Mr Papi Nigga Dave

    non americans get the fun exchanges

    vpn

  • Mar 12, 2024
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    1 reply
    lnstinct

    vpn

    never really thought bout that. how safe would it be tho. don't want to have my s*** locked up somewhere. how would taxes work

  • Mastiff

    I'll be in JP in a about a week

    yuuuuh

  • JayS 🦄
    Mar 12, 2024
    ·
    1 reply
    ragedsycokiller

    Any way to reduce capital taxes or just bite that bullet?

    No

  • Mar 12, 2024
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    1 reply
    JayS

    No

    Just researched, and anyone who held for more than a year is most likely only subjected to 10% tax rate depending on income bracket.

  • JayS 🦄
    Mar 12, 2024
    ragedsycokiller

    Just researched, and anyone who held for more than a year is most likely only subjected to 10% tax rate depending on income bracket.

    Maybe idk

    I only have capital losses

  • Mar 12, 2024
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    1 reply
    ragedsycokiller

    Any way to reduce capital taxes or just bite that bullet?

    Take out a loan instead

  • Mar 12, 2024
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    1 reply
    Space Elevator

    Take out a loan instead

    I saw that method briefly. Do you have an article or link that could explain that more?

  • Mar 12, 2024

    ait are alts bout to fly

  • Mar 12, 2024
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    1 reply
    ragedsycokiller

    I saw that method briefly. Do you have an article or link that could explain that more?

    Borrowing against your crypto generally isn’t considered a taxable event, unlike selling your assets, which could trigger capital gains tax. This means you can access cash without directly affecting your tax liability.

    For example on a defi platform like Aave, when you take out a loan, you must deposit cryptocurrency as collateral. The Loan-to-Value (LTV) ratio is the amount you can borrow against this collateral. For example, if the LTV is 75%, you can borrow up to $75 for every $100 worth of crypto you deposit. If the value of your collateral decreases to where it approaches this ratio, you'll need to add more collateral or repay part of the loan to avoid liquidation.

    So you need to be careful and fully understand what you're doing but can be useful if you only need a little bit of liquid capital and know you can pay it back at all times

  • JayS 🦄
    Mar 12, 2024
    Space Elevator

    Borrowing against your crypto generally isn’t considered a taxable event, unlike selling your assets, which could trigger capital gains tax. This means you can access cash without directly affecting your tax liability.

    For example on a defi platform like Aave, when you take out a loan, you must deposit cryptocurrency as collateral. The Loan-to-Value (LTV) ratio is the amount you can borrow against this collateral. For example, if the LTV is 75%, you can borrow up to $75 for every $100 worth of crypto you deposit. If the value of your collateral decreases to where it approaches this ratio, you'll need to add more collateral or repay part of the loan to avoid liquidation.

    So you need to be careful and fully understand what you're doing but can be useful if you only need a little bit of liquid capital and know you can pay it back at all times

    So what your saying I can use my crypto as collateral to buy more crypto

  • Mar 12, 2024
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    1 reply
  • Mar 13, 2024
    Null
    https://twitter.com/zackvoell/status/1767531636617322831

    💯 facts

  • Mar 13, 2024
    Mr Papi Nigga Dave

    never really thought bout that. how safe would it be tho. don't want to have my s*** locked up somewhere. how would taxes work

    Just use a VPN you’ll be good

    Use NORD VPN

  • Mar 13, 2024
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    1 reply

    POOR

  • Mar 13, 2024
    ragedsycokiller

    Honestly been wanting to go to Japan for a while, and I think this is a good time for me to pull and fund that s***. I'm young and I can make more money with crypto

    feel you yeah been thinking about going to chile for a few months with some of my gains

    also wanna see japan tho

  • Mar 13, 2024
    ragedsycokiller

    Honestly been wanting to go to Japan for a while, and I think this is a good time for me to pull and fund that s***. I'm young and I can make more money with crypto

    ive been living back in the homeland for like 8 months cruising off crypto going to japan next month and korea for Milady rave

  • Mar 13, 2024

    investment thread japan meetup wen

  • Mar 13, 2024
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    1 reply

    TOP ALTS FOR THIS CYCLE!!!

    ETH
    LINK
    ATOM
    UNI
    JOE
    ADA
    CRV
    AXS

  • Mar 13, 2024

    shoutout 0 and 2020 cycle fam

  • Mar 13, 2024
    ragedsycokiller

    Honestly been wanting to go to Japan for a while, and I think this is a good time for me to pull and fund that s***. I'm young and I can make more money with crypto

    ngl I had the same thought in bed last night. Selling and going to Japan

    But I'm gonna ride the bull in full and wait

  • Mar 13, 2024
    lil neon
    https://twitter.com/icebergy_/status/1767676965681496230

    POOR

  • Mar 13, 2024
    ·
    6 replies

    Still not taking profits, even after most s***coins up 300%+..Crypto bros never learn. The next cycle of bagholders has been created