If I keep day trading $100k and I make a $1000 a day off of it.1- Do I pay taxes on the $100k? or just the $1000 a day I make? 2- Will I pay income taxes on it or capital gains taxes? 3- Would I pay less taxes if I become a company? compared to be an individual? 4- What type of company I should become? I`d greatly appreciated it if someone can give me some detailed information about this. Also let`s not forget to attached the IRS form https://www.irs.gov/pub/irs-drop/n-14-21.pdf .... I think... capital gains tax would not apply, unless you exchange crypto for fiat. The way capital gains taxes work with stocks is, the tax is only paid when the stock is sold and exchanged for fiat currency. Capital gains may be designed to promote long term HODL, rather than short term speculative day trading. Over the long term, this promotes greater market stability, which is an interesting view when applied to crypto's current markets which have become increasingly volatile with the introduction of crypto futures. The income tax would apply to gross income(without including appreciation of assets which do not fall under capital gains & similar taxes). Your $1,000 per day would fall under the income tax column. |
|
|
|
Here is a link Tax Bills Doom Tax code: 1031 Exchanges Of Crypto-currency https://www.forbes.com/sites/robertwood/2017/11/27/tax-bills-doom-tax-free-1031-exchanges-of-cryptocurrency/Also Several Listed countries have decided to DUMP THE DOLLAR FOR CRYPTO-CURRENCIES STARTING 2018 They have signed a multi-lateral agreement and among the list of DOLLAR DUMPERS are Brazil, Iran, Venezuela, Nicaragua, Costa Rica, Taiwan, Dominican Republic &
Haiti,France, Estonia, and more are signing up.The treaty was Drawn Up in secrecy and funneled through its citizens to avoid detection from certain monopolize states "Such as US and China" Pm me for the articular on the treaty SO YOU CAN SEE WHERE 2018 is going.... Nice news, OP! It may be misleading to say "Brazil, Iran, Venezuela, Nicaragua, Costa Rica, Taiwin" and the rest are adopting crypto currencies, though. In truth, they're not adopting anything other than blockchain. Their versions of crypto are identical to centralized state issued, fiat, currency which can be printed out of thin air. This unlimited printing may contribute towards irresponsible and wasteful spending on the part of states and governments. Design concepts such as decentralization, limited supply, algorithmic limiting, all of which are defining and potentially best traits of bitcoin. None of these will ever to be included in any state issued "crypto currency". |
|
|
|
Do you think that bitcoin will continue to lose its market dominance to altcoins in 2018? ... I think the answer will depend upon how saturated major altcoin markets become. The relatively low volume of altcoins is what makes them easier to pump and dump. This quality and the increasingly speculative nature of crypto markets are prime reasons behind investors pulling capital out of bitcoin and selecting a path of least resistance, as they choose easier to manipulate/control, altcoin markets, instead. Introduction of crypto futures and coinbase bitcoin cash support have also contributed towards crypto markets becoming increasingly altcoin centric. There remains a question of whether trading volume of alts will reach a point where they're no longer cost effective to trade over the short term. And also a question of whether markets will stabilize, dumping volatility points, at some point as the smart money wins out against the less experienced money invested in markets. |
|
|
|
|
Hopefully, we'll see china, australia, japan and other nations fund state sponsored bitcoin mining ventures to increase decentralization of crypto and create a precedent whereby crypto is not being condemned by every nation on earth to present the media with something resembling a "unified front" against bitcoin/crypto.
We'll definitely see laws introduced to implement taxation or further regulation. Bitcoin and crypto bans are also the most prominent strategy utilized for central banks to be competitive with bitcoin. Suffice it to say, in many impoverished and developing nations, electronic banking systems are extremely exploitive and the only way they can compete with bitcoin is to ban it.
Whether bitcoin rises in 2018 or not depends on whether it recovers its role as a store of long term value. Transaction fees and network traffic are also concerns. There's no doubt of bitcoin's userbase growing at a magnificent pace. Its other issues which come into question.
|
|
|
|
|
Over the long term, there should be winners and losers in the crypto speculation game. As statistics mount and the divide separating success and failure in trading equalize, we might see decreased price volatility.
If trading volume in altcoins rises, they'll be less prone to pump and dump cycles as well, which should contribute towards a more stable crypto market.
I think the crazy volatility we're seeing is devaluing bitcoin and crypto, together. It took years for bitcoin to build a sterling reputation as a reliable store of long term value.
Traders and the finance sectors tendency to focus on short term gains, rather than long term value is diminishing the long term HODL bitcoin has been legendary for.
|
|
|
|
|
If I remember right, top shareholders of many defense corporations like lockheed martin are composed primarily of wall street and financial groups. They design and build vastly inferior products which are selected by the armed forces for mass production due to lobbying of political figures rather than reliable, competent or proven defense concepts.
The reason its tough to get into the defense industry is, military contracts are handed out to those who funnel the most money into congress and the senate rather than who produces the best design or technology.
|
|
|
|
|
Under a losing streak, its often a good practice to stop and take time off. The temptation to chase bad plays in order to make up losses has a tendency to put people deeper into the hole they've dug. Sports gambling has its own boom and bust cycles. Winning streaks, followed by losing streaks. Statistically, most might expect wins versus losses to average out to a 50/50 split. After losing 4 in a row, that must mean they'll win 4 in a row? Sports gambling boom & bust cycles can last longer than 4 games or 4 sporting events, which can make playing percentages difficult.
Some might view gambling outcomes as being determined by intelligence. Mental discipline, sticking to a game plan, not becoming emotional or greedy could be as important as intelligence over the long term in determining success vs failure.
|
|
|
|
Wage growth is higher than inflation currently. If that's one of your determinants for an impending recession, the conclusion doesn't follow because the premise is false. The scenario isn't as great as it could be if places like the US weren't revamping their tax codes to allow the ultra wealthy to pay less taxes through pass through entities, but it's certainly not the impending disaster you make it out to be based on one of the limited data points you're using to support the conclusion. .... I would be interested to know what you believe are current "wage growth" and "inflation" statistics. Post your numbers. One thing you have to understand about inflation is they changed the equation utilized to calculate it. Real inflation is nearer to 10% than it is 3%. In some areas like food items we can see higher than 10% price inflation. I don't want to seem negative but I get the impression all of the viewpoints you're learning in school are easy to disprove propaganda/lies. That would represent standard curriculum in this day and age. The idea that tax reform allows the wealthy to pay less taxes is a spin on cutting the corporate tax, if I remember right. The idea behind cutting the corporate tax is to make the united states more competitive on a global scale. The USA having the highest corporate tax rate makes it the least attractive option to investors, lowering the tax could create jobs, a stronger economy and many other benefits. edit: The graphic you posted didn't load when I viewed your post the 1st time. That only shows wage growth. The key chart is wage distribution. Almost all of wage growth goes to the upper 1%, which means its debatable whether that represents "true wage growth". Some stats:  Oakland rents shouldn't be construed to be more than a local issue because the factors affecting the housing and rental prices there (Silicon Valley driving the prices) do not exist on a large scale elsewhere.
......... Every average rent chart I've ever seen shows rent prices increasing at a dramatic margin. |
|
|
|
|
The increased nature of speculation in crypto markets appear to contribute towards volatility. This added speculation contrasts with bitcoin traditionally being viewed as a store of long term value.
Wild price fluctuations aren't evidence of bitcoin being a bubble. It has more to do with traders wildly pumping and dumping to earn their profits.
Bitcoin's price decline isn't evidence of a bubble popping. It moreso means traders view bitcoin's all time high as a "ceiling" that is difficult to overcome. And so they withdraw their funds from bitcoin & find other things to buy instead. Also when bitcoin is viewed as being "undervalued" its heavily bought causing the price to shoot back up, again.
|
|
|
|
Consulting heavyweight Deloitte claims that over 26,000 new blockchain-based projects were launched on GitHub in 2016. GitHub is a development platform that houses codes for more than 86,000 blockchain programs, including large projects such as Bitcoin. In its report, titled Evolution of Blockchain Technology: Insights from the GitHub Platform, Deloitte claimed that the number of blockchain projects by both organizations and individual users at the development platform in 2016 is the biggest so far. By comparison, there are less than 15,000 initiatives that were launched in 2015. Meanwhile, in the first half of 2017, there were almost 25,000 projects that were logged on the platform. According to Deloitte, the majority of the projects, however, have become inactive in the long run and only eight percent are active so far. The stark reality of open-source projects is that most are abandoned or do not achieve meaningful scale. Unfortunately, blockchain is not immune to this reality. Our analysis found that only eight percent of projects are active, which we define as being updated at least once in the last six months. Based on the said report, the leading cryptocurrency Bitcoin has unsurprisingly posted the most number of activities, with 627 total contributors and almost 12,000 followers. Go Ethereum (Geth), meanwhile, has attracted 149 contributors, as well as 5,603 followers so far. Geth is a software client that is maintained by the nonprofit group Ethereum Foundation. The report further claimed that organizations specializing in blockchain are “a positive differentiator” as 15 percent of the projects developed by them remain active. Meanwhile, only seven percent of the initiatives launched by users are active. The report also showed that San Francisco has the most number of GitHub repository owners, followed by London and New York. .... It appears blockchain projects have an extremely high failure rate. Here's a dotcom bust comparison the critics needed but didn't deserve! Of course, the high failure rate doesn't have to imply blockchain is overrated or has few legitimate roles in software. It could simply imply that the number of open source developers and small start up launches greatly exceed demand for the technology, creating a high number of spinoffs which are structured around short term gain and exploiting brand name recognition of bitcoin, rather than creating long term value. |
|
|
|
|
OP's content reminds me of Elon Musk's proposal for humanity being a multi planetary species(diversification strategy) to prevent species extinction in the case of an apocalyptic event.
In the Rothchild's case, their policy may have been moreso an expansionist form of manifest destiny than diversification. They sought to create an empire spanning the entire globe, sending key family members to key geographic areas to accomplish this. It may be more fair to compare the Rothschilds to an economic and financial form of Napoleon or another who sought to conquer the entire world.
|
|
|
|
Hi I want to create marketing plan but I don't have information about marketing & marketing plan.what should i do in first step ?
... I think with essentially any form of marketing, the end goal is to achieve viral success with millions or billions of views. To achieve viral marketing success, usually depends on content moreso than how its marketed or branded. Gimmicks also aren't that great. It might be said that viral marketing campaigns strike a chord, hit a nerve, they relate to people in a way which makes them instant hits and they gain publicity exponentially like a spreading plague. I would guess the first step is to assess positive points and develop more than one strategy to promote and market the brand. Marketing may be more like art than statistics. Clever and quirky ads which capture the imagination or hearts of people can be more important than demographic data. |
|
|
|
$20 is useless though playing the market with at least $2k does the trick quite well unless BTC decides on having a bull run all of a sudden in the midst of investment.  ... There's a method behind trialing small sums to test potential profit.  With trading, two of the main concerns are percentage difference, and consistency. Using smaller sums, like say $20, allows a person to do real world tests on percentage gain/loss and consistency, without the high degree of risk present in using larger sums like $2k. Whether a person is trading $20 or $2k the percentage gain or loss will remain the same. It may be the percentages that matter. Trading small sums can also be good to gain experience and test different trading strategies. Sometimes I test different sports betting strategies with small sums. I'll start with $20 with the goal to turn that $20 into $200 for a 10x gain. I've succeeded a few times and failed far more times than I've succeeded. The failures can be valuable learning experiences. |
|
|
|
OP's article. As you probably noticed, the increasing and unstoppable globalization affects global politics, global culture, and of course, global economy. We no longer live in isolation, as something happening in one region is closely linked to consequences all over the World. In 2016, for example, the US presidential election and Brexit caused upheaval in global financial markets. Problem: Global economy, local currencies As you drink your morning coffee, observe it for a moment and think about this: Many national economic systems and currencies have participated in the process of bringing that coffee to your table. The value of that cup of coffee is sensitive to currency fluctuations all over the globe… just as your wealth. Even though we live in a global world, the system still works in terms of local currencies. We live global but we save local, a paradox that has been well studied by GLOBCOIN experts. The truth is, a solution to the global currency paradox hadn’t been made available to the community before. Solution: A currency that actually reflects the World Economy Some people think (Maybe most people) they have no currency risk if they stay within the borders of their home country. This is not true anymore. The economy is so globalized today that if your currency weakens for any reason, your purchasing power will be reduced accordingly. You can ask the Venezuelans in Venezuela, as they feel the consequences of this everyday. We want to create a real global currency for the global village we all live in. GLOBCOIN is a digital coin that intents to reflect the world economy by combining the best aspects of cryptocurrencies and the best aspects of fiat (or traditional) currencies. The plan is to link this digital coin to a basket of currencies from the 15 largest world economies and 5 % Gold. A global or world currency is actually a well-known concept in International Finance and Foreign Exchange Markets. Just imagine a currency that can be used for transactions across the globe without borders, and investments could then be “currency neutral”, truly global, without any currency bias. https://medium.com/@globcoin_io/about-that-coffee-youre-having-and-economic-globalization-41879677fde5... Globcoin appears to be a one world government, one world currency, venture. Typically those endeavors come via way of central bankers who are the largest supporter of ONG's and OWC's in the world. One world governments and one world currencies are very centralized paradigms. Its normal for a decentralization versus centralization debate/discussion would crop up, whenever something like this is posted. I think most of us are aware by now of the typical arguments but if anyone wants to rehash things, by all means. |
|
|
|
They say its good to "buy the rumor and sell the news". It implies something like, good traders will buy in before something is in the news for being a great investment. And also when the news is reporting an investment hit record numbers that's often too late to buy in, potential profits are gone by that point. Usually when something like bitcoin has hit "multiple times its initial value" that's a little too late to be making "bold" predictions. Also I would guess Scott Rosenberg bought bitcoin and is merely using whatever platform he has hoping to convince others to buy in, so he can make his profits. |
|
|
|
Will I be able to cash out and at the very least support my livelihood if I pursue Master's degree in countries like USA, Germany or Australia? I dont want to do odd jobs, only dedicate my time to studies and maybe trade a little when I need to make cash.
How much savings do you reckon is needed to survive for the 2 year course as a student? Will cashing out and such be problems being a foreigner?
The most affordable option for higher education aka college/university degrees I know of are a new thing called micro degrees offered on sites like these: https://www.coursera.orghttps://www.udacity.comMicro degrees used to cost around $50 for the certificate. I can't comment on how useful the degrees are in finding a job, I've never undergone the process. I've done some of the free courses for fun and they seem like they're good. To support yourself trading crypto, you would need to trade in massive sums. And you would need to be perfect. From a statistical perspective, its impossible, here's why. Let's say the average price movement of bitcoin is around 8.6% per day moving from 13000 to 15000 or the opposite. That gives you a maximum potential profit of 8.6% per day without factoring in losses and mistakes which cause you to profit only a fraction of total price movements. When you do the math and break down the problem, it becomes more difficult. Especially over the long term where consistency is key. Suffice it to say you would probably need $10,000 minimum to trade. Then you would need to profit enough of a percent on that $10k to pay your bills. Of course, there would be some days where you lost money instead of making money. If you want to get an idea of how much you can make trading, take a small sum like say $20 and see what percentage of that you can profit over a week/month. That will give you an idea of whether its feasible without having to make any long term commitments or risk more than you can afford to lose. |
|
|
|
|
I think there are two main opposing forces, here.
#1 Bankers, credit card companies, paypal and similar entities who want bitcoin regulated or banned to reduce competition in the banking and electronic transaction industry. These demographics lobby politicians to legislate anti-bitcoin laws.
#2 Wealthy investors, speculators and businessmen who do not want bitcoin regulated. I would guess the Winklevoss Twins and other wealthy demographics who wield political influence oppose bitcoin legislation.
Of course, there could also be a 3rd demographic consisting of activists, bitcoin supporters, economists and others concerned with deficit and debt in our world, who do not want bitcoin regulated. They know a regulated bitcoin could possibly carry restrictions which would prevent it from being an effective store of value in the event of default and hyperinflation.
Its interesting to note how bankers and investors could be split on this issue. Their goal has historically been to show a united front to the world. If they begin to oppose each other on issues and engage in conflict, things could get interesting(and messy).
|
|
|
|
|
Good question. If anyone researches this, also try to find out how much it costs to design and build a ASIC/GPU line of silicon, proportional to the price of how much ASICs and GPUs are sold for.
Going by memory, I think the past average to break even was around 6 months, without factoring in electricity costs.
|
|
|
|
|
Accumulators for UFC 219 Cyborg vs Holm
Accumulator #1
-Cynthia Calvillo
-Khabib Nurmagomedov
Accumulator #2
-Cynthia Calvillo
-New England Patriots(NFL)
Guys, I haven't been paying any attention to NFL or MMA over the past few weeks and so tread lightly with these plays.
|
|
|
|
So began a process of growth needs the infusion of more money.... They're gone.
I think the joy of endless growth to an end this weekend.
Nothing in this world is eternal and permanent.....
And rising prices of bitcoin are not eternal.... all ends already.....
... Good call on the latest BTC price decline. Would you say price fluctuations are a result of lack of infusion of capital? I remember reading awhile back where coinbase claimed around 100,000 new sign ups per day. Clueless on average deposit amount for that 100k. Another statistic commonly cited is the concept that bitcoin (or was it crypto?) doubles its userbase every 12 months or so. These stats taken together could imply there's a decent infusion of cash into crypto. My question here is, whether traders are pulling funds out of bitcoin to invest in alts or forks. Historically alts, forks and bitccoin have a strong tendency to move in the same direction. Recently, there's a new trend where bitcoin, alts and forks are often moving in opposite directions. It seems that the shifting of trading volume from one coin to another is increasingly significant these days. |
|
|
|
|
Show Posts
