Do you know how reading works? He said at the time of the pizza purchase they were almost worthless, not a quarter million.

Seriously, WTF is wrong with you?

Man, you just keep lowering and lowering that bar. Normally I would refuse to think its possible to be this dense, but you never cease to amaze.

Gold's value is a social construction just like bitcoin. Maybe we could go back to the barter system - would lower the tax bill too although technically you must claim that too. Or salt.

Even the IRS wants to know about this:

https://www.upi.com/Top_News/US/2021/05/05/cour-authorizes-Internal-Revenue-Service-to-issue-John-Doe-Summons-on-Kraken-cryptocurrency-exchange/4011620265947/

:D

Guys, _PLEASE_ !
 

Let's remember I began this thread for a reason not to give you endless things to bicker about .

Are you new here? We can bicker about boiling water.:D

Yes but hijacking my thread isn't nice, there's another forum for that express purpose .

A closed mind gathers nothing useful .

One lil mention of the IRS and the guy gets all antsy :D

Speaking of the IRS, if you do decide to i buy crypto, there is an app/site called "cointracker" that helps you determine your tax liability. It will track your purchases/sales by First in first out (FIFO) for the IRS. Makes the math very easy.

For some strange and unknowable reason that doesn't work with my gold coins :D

The IRS & Paranoia
 

You're looking at the wrong person ."One lil mention of the IRS and the guy gets all antsy:D"

I have zero love for the IRS but I'm not stupid having lived in 3rd world places that didn't have taxes .

Taxes are the price you pay to live in civilization .

I pay my taxes unlike the 1%'ers who rarely pay even 1/2 of what the rest of us do .

I don't get any $ back so those who are getting SSI, unemployment and so on, you're most welcome ~ I'm glad you're not out in the street .

This thread has nothing to do with taxes if SWMBO goes forward with this and makes $ and has to pay income tax, she'll pay it without complaint .

Same as any true American citizen .

It is worth the mention though, if you are just doing a single trade in and out, easy. If you are taking money in and out USD regularly, it gets heavy (not complicated though) really quick with a bunch of forms. I get your aim with the thread, but it is not necessarily a simple subject. Liken it to traditional investments -- "my SO wants to get into stocks" would be somewhat analogous. Banter aside, I think there are some very good points made in here:

- the market is volatile. You can get big profits or get big zeros.
- you DO need to declare the income if you want to stay on the right side of the law, cap gains. Assuming you sell back into USD. You want to track that.
- The days of DOGE being 1/1000th of a penny are over. You can still make money, but you wont be thousands times over on the main coins, generally speaking
- Everyone is trying to make a buck, all over the world. Do not believe everything (anything?) you read before research. Do not buy into hype.
- blockchain, NFT, and crypto ARE here and will continue in the future. How that manifests...??????? no idea.

All honest advice Nate, it is exciting to watch and be a part of such a big shift.

Got a link that shows when bitcoin was worth 0.0025/ea genius?

https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp

https://cdn.someecards.com/someecard...oubt-ea454.png

Just an idea, before you make a fool of yourself, perhaps try to look stuff up. This is not rocket science and for someone like yourself, who is so good with numbers, this should not be so hard to figure out .... genius.

Looking stuff up takes seconds. Who has time for that?