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Paying taxes on your cryptocurrency trades you made throughout the year can be simple, yet be completely complicated and quite the daunting task.
I day trade, and only on one exchange Kraken (U.S based exchange) , so I simple export my daily trade history into an excel sheet format, and voila, I can import it on Bitcoin.tax , one of the numerous platforms that help people get their crypto based taxes filed correctly.
It really depends on where one lives, the tax laws could be extremely laxed, or stringent. In the U.S, All uncle Sam asks is to report your income and "pay Caesar what belongs to Caesar", then your free to go on your merry way!
Just realized this thread was old, and managed to get bumped to the top, still, I hold the same opinion on the matter for any one who has just joined the thread like me, back then there weren't too many platforms, now there a dozen. Here are a few, Bitcoin.tax, Koinly, Cryptotrader, and Accointing. You should be able to export directly to Turbotax or Tax-Act immediately. Remember to practice your due diligence and be sure to keep detail ledgers of your trade and purchase history!
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Bitcointalk Username: chaoscoinz
Current post count:1076
Merit earned in last 120 days: 0
ETH wallet [Address Must be from MetaMask wallet]: 0xc7c78356398c4d808Ea38DFD64E0eF330b425922
Thank you for the opportunity, I hope I'm selected!
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In 10 years, knowledge about Bitcoin will be mainstream.
But will enough people have adapted to this mainstream by then?
Once it has become mainstream, a group of countries - or even the IMF itself - could regulate all access to Bitcoin. Tracking coins and banning the sale of coins for fiat by exchanges if they come from certain regions ( exchanges, wallet suppliers). Illegalization of the exchange of Fiat for Bitcoin, with the regulation again targeting exchanges as entry points.
This regulates Bitcoin itself.
Is this possible?
How can we defend Bitcoin against it?
Regulation is inevitable , without it the institutional investors will leave, the banks will move against it, and the price will fall significantly as people are unable to cash out all at once. I believe that the more regulation that we have, the higher the price will continue to steadily move. The all time high of $20,000 a Bitcoin was super inflated, and unrealistic and was bound to deflate eventually. The goal is to possible meet the governing bodies that regulate cryptocurrency somewhere within the middle,so that too much regulation doesn't stifle the growth of creativity and freedom within the sector. Decentralization must be balanced with centralization, or one will certainly negatively effect the other. It's like the yin and yang of tao, one always effects the other, not equal by themselves but they complement each others imperfections when they team up. Freedom without order is anarchy, as is order without freedom is tyranny, when the two become one, this is the way. . .  " To infinity and beyond" quote by:buzz lightyear |
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This project seems really extensive and innovative, by chance would there possibly be a bounty campaign available for this project, and if so, will it offer the native "Reap" Coin as an incentive?
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Is there going to be a bounty campaign for this project, it looks pretty interesting?  |
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I'm reapplying will immediately change signature and avatar if accepted |
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Hello Guys,
We all know ICO is totally dead, so, there will be no successful ICO bounties! STO bounties are more than shit, doing STO bounty just waste of time, trust me! And then come to IEO! IEO hype is gone, it passing a very tough time nowadays! All the shit exchange's bounty is also shit. Just count how many shit exchange's bounties you did and how much you earned! Good exchange's IEO doesn't have bounties most of the time. So, there left post ICO/IEO or self-funded project's bounties! Those are very few and their budget looks penny! Right now many bounties are running but according to my research, I could not pick 3 good bounties!
So, what do you think about the future of bounty? It looks uncertain to me!
I think bounties are still profitable, but are much harder to find. The best bounties are most likely those that are awarded to the highest ranks among the forum. The only way to profit is to put in the hard work endlessly searching for bounties all the time, or go the straight and narrow path and try to increase through the ranks here within the forum. I've been here since 2014, and I'm only a senior, member, knowing that I should have been prestige'd a long time ago, but should have, would have, could have, that's all past tense now. It seem impossible to rank up, but it's not, just long. I have about 250 more merits to go before I rank up,, that could take years  , so I'm going to start improving my post quality and start putting in the due diligence more |
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My hope for cryptocurrency is that it takes away the state's power to print money and fund warfare.
This is the only thing that matters in the crypto space: Can we reduce the size and scope of the state's influence in the lives of everyday people?
If we can do that, we've won. If we can't do that, then cryptocurrency probably doesn't matter. Is this too strong of a point of view?
I'm not really sure If Bitcoin or cryptocurrency for that matter is capable of taking away any power, from any state, to print money, fund warefare, etc. I do think that cryptocurrency is a huge disruption that instead of causing a shift of power, (*be it financial, political, etc) creates an alternative route, or option instead. Looking at cryptocurrency today, it seem to better compliment the modern financial systems already in place, not displace it as many had hoped. Bitcoin has caused a shift in awareness, it has us looking at the way we actual perceive money, like how can a digital currency actually have value? |
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January 2019 we have more bounties at that time but this year January seem to be different, very few bounty projects shows up, I'm not saying scam projects aren't around but this forum seem relieved from many junky projects like that of 2019, maybe scammers are tired of not getting answers in return? Maybe people are now smarter and scammers are starving? I so wish so 🙏 lol what about you?
It's not just you, there are most likely less projects on the horizon due to the regulation that is clamping down on the market because of all of the potential securities violations there might be. In 2017 there were many more bounty campaigns than there were probably ever before, most likely due to their being little to no regulation or guidance at the time, plus the rising price of Bitcoin inspired a lot of projects to drop that year. |
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I believe that their may be already coins in existence that could surpass Bitcoin but unfortunately I think that their life expectancy roughly depends on the success of Bitcoin's success in order to eventually be able to thrive on it's own without worrying how Bitcoin is doing in the market first. As of right now there isn't any altcoin that can hold it's own within the market independent of Bitcoins volatility besides stable-coins (which of course work differently).
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I tend to be really picky and choosy when it come to who I follow on Youtube due to a lot of the antics these influencers are known to pull just for a view. There's probably two channels that I follow. One is a channel called " BitBoy Crypto" https://www.youtube.com/channel/UCjemQfjaXAzA-95RKoy9n_g. Bitboy kind of reminds me of Mark Dice because he goes up and down the street asking people questions about Bitcoin and cryptocurrencies, and does giveaways and quizzes, the guy seems somewhat honest and genuine. The other channel that I watch is " Moonin Papa", his videos are all educational advice and tutorials for day trading, no goofy fillers, just good old fashioned learning. Moonin Papa is also an official ambassador for 3commas automated Trading platform. https://www.youtube.com/channel/UC1BCNwXAHuCWKzRlwv72DHQ |
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Without air and water life no worka. P2P commerce is also essential. Past human history is checkered with currency manipulation and conflict.. Enter a new element for humanity; trustless p2p currency, globally decentralized... Something humanity has been craving since the dawn of human history.  I think the problem has and always will be automation. The smarter that we become as a species, the more advanced and sophisticated our tools start to become. This trust-less Eco system is handled partly by automated processes. We've come to rely on computers and internet connectivity in order to pull it off. I don't think Bitcoin was really possible before their were computers. It was only a matter of time before some kind of automated platform and system emerged that would make transactions faster and digital. |
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I think if you aren't already born into a fortunate condition/situation then being rich all comes form a mindset. I think you have to be rich within your mind before you can ever strive to be rich in actual life. Also the word rich is quite subjective. Rich could be a secure financial condition that allows you to have your cake and eat it to in a sense. Then theirs enough money to buy a small island or country, rich. I believe that "rich" may be in the eye of the beholder. Who know the, i'm not rich, but that's how i'd imagine it.  |
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