@@FullValueDan This video has some of the most poorly researched half-baked nonsense on RUclips. Let's review... 1) Send crypto from CoinBase (which has your identity linked to your wallet addresses) to a non-KYC exchange 2) Trade (i.e. SELL your crypto from a legal tax perspective) and fatten your bags (i.e. make CAPITAL GAINS from a legal tax perspective) 3) Send your gains (CAPITAL GAINS) to your fiat off-ramp (which is, no doubt, another exchange which has your identity) to convert them to US dollar (i.e. SELL them) 4) Pray that nobody at the IRS bothers to even remotely look into this activity because if they do there's a strong audit trail leading right to your balls which they can lock up for a lifetime or two.
I dont even mind the taxes, but flagging crypto to crypto exchanging as short-term capital is ridiculous. I think they are trying to kill crypto by over taxation.
The governments are like emotional children right now. They have no idea how to find out anything much and prove anything, so they will just make the laws so vague like 'Have you bought crypto or received crypto'. Yes I have. I sold it all, made a loss - who knows what ledger I sent it to and who owns that ledger? They can't tax that other person - it's the end of the road in claiming tax for them...
Its called taxation without representation on top of this the governemnt has no business what you do or how you spend/send your money. Usa is becoming a communist country. @@itzzjh__
That’s why you need a professional broker that we make trade and much profit for you, I recommend Olivia she has been trading for me for some years now and I’m very much comfortable with her.
Finally legit video with helpful information regarding taxes, not like any other video that repeats itself with "duh convert bitcoin in IRA tax free account" etc etc. Thank you! subscribed.
Do you know i invested with Donemark too,He charges 20% commission on profit made after every trading session and thats fair compared to the effect he put in making huge profit.
If you are a US resident, there are many new rules on crypto tax reporting in 2021. For example if you are buying stuff with crypto from a store, it could be reportable. Even mining is sometimes a taxable event.
"You might as well pay taxes at that point" LMAO . You are hilarious! Also, I LOVE the crazy idea of having my own bitcoin ATM at my home ;) Awesome video!
Although, when you pay taxes - you're supporting the government, if you pay high fees - you're supporting exchanges and other crypto businesses. The question is, which ones you prefer supporting.
I'm really intrigued with this idea. How does the cash get into the atm though? I guess the company you bought it from stocks it with cash and you pay a fee for that?
@@Tennouseijin don't those businesses also track your cash being taken out and report that to the govt? If so, don't you technically have to claim that cash to the govt since it's US mint?
Been amazing trading with pro trader Mr Corey for months now, he is the best and I must recommend him because he has helped me earn lots of profits trading bitcoins
He literally encourages people to do their stuff they dont want to report for taxes on a non kyc exchange but then cash out using a kyc exchange. Thing is: The moment you link your identity in any way you are fuckd as soon as governments figure out to analyze on- chain data automatically. They do this already on small scale. I will report this video for encouraging criminality. Not blaming the guy but this is dangerous.
Taxes don’t do anything you first listed. It’s flat out extortion. Let’s not keeping lying to ourselves. I’m taking your tip offs not to withdrawal too quickly. Helpful, thank you.
Lmao, “Buy bitcoin atm machine.” “My girlfriend is Taiwanese and send it to her.”Oh man, I knew an Asian guy with glasses could come up with something I haven’t heard before. 😂 I would give you a 1000 thumbs up if I could. 👍👍👍👍👍
@@SamDustin0077 this is my question. I would assume whoever you bougth the machine from would fill it and you would pay a "refill fee" maybe? idk. It's all so intriguing! Maybe Dan knows lol.
Just btw, roads are paid with Gas Tax. Schools are paid with Property Tax. Federal Income Tax pays for one thing: the debt owed to the Federal Reserve, to service the loans used to pay for the US Military and Empire expansion.
How? For eg. some countries don’t recognize crypto does it mean routing the gains into those countries would help to not pay taxes to Uncle Sam? Will the transfer be easier?
I have made the switch to the metaverse. I only keep about 200$ of my check in usd for food and gas. The rest is 100% in crypto. This is my long term retirement plan.
This is agent Spike from the IRS we will be contacting you shortly. Please have your finatual papers in order for the Audit you will be receiving with out lube
Hi Agent Spike. Here are my papers. I'm totally innocent. I've led a clean life despite the fact no one likes me. Maybe that's because I'm a Goodie-two-shoes.
Well I will also say this here... Talking from my own experience as a cryptocurrency trader mostly BITCOIN TRADING as the leading asset, so far I have come to realize that the crypto market is of two sides. As some people will hold and wait for bitcoin to skyrocket so they can sell-off, while others will wait for bitcoin to fall so they can buy at a cheaper rate. However, I see all this worries baseless if they can't yield good profits, my advice still stands on involving in day trading by finding an accurate strategy/daily signals in other to accumulate and grow a very strong portfolio. For me, it's been so successful for over 7 months because I was smart enough to find working daily signals which are being provided by a pro trader known as Mr. Jason Brown during the first 2 weeks I accumulated and grew my portfolio from 2btc to a total of 8.4btc which you will agree is a very good profit, Jason can be reach on Telegram (@ Jasonbrown1 ) and whatsapp +447537126930 for more profitable system.
The world is changing! I'm glad to be part of that. The crypto had made so many millionaires already. It is the evolution of money, Thanks for making this very informative video I just subbed 👍
@@reeceudochukwu3350 First I thought of moving out of the US that can't be feasible atm but I've made my gains with the help of a financial consultant and its been easy peasy making money on investment. I've built a good retirement portfolio and passive income
I bought a bticoin atm when you published this video since 6 month it solved all my problems. I have it in my bedroom and whenever I need money I just withdraw with no commission.
I'd like to know why the IRS should be entitled to anything we pay for with the money we receive after paying our taxes. That is double taxation. IRS shouldn't get a damn thing.
ive been saying this for years now. people like you and me need to be more vocal about this nonsense. we need to speak up and let other like minded people hear our voices. apart we are nothing. together we are everything.
I use NEXO, with an account there your can take a loan against your crypto as collateral. Loans are a non taxable event. It does require KYC, but it's a great alternative to avoid taxes while keeping it legal.
Love the video. Subscribed! 7:28 , that was the most strained, attempt at a PSA I have ever seen in my life, even the camera laughed and went out of focus. Hilarious Bro.
I've lost nearly 4000 in my demo account, used allot of strategy I saw on youtube and read online, what advice do you have for me, which strategy should I focus on?
These comments gave me hope, I'm glad people realize that income tax is bullshit, there's enough taxes already and we are not getting what is promised, rather our taxes fund corporations and wars.
Thanks for this vid. I'm holding my crypto in a decentralized wallet ( Atomic Wallet ) then planning to move it back to coinbase to transfer to USD when I need to. I don't know how they could possibly know how much I gained or what... of course, like you said, if 10k comes into the account, Coinbase will be like wtf is this So I would think 9 grand or less would be fine?
Success is dependent on the action or steps you take to achieve it. Show me a man that doesn't have an investment and I will tell you how soon he'll go broke. Investment is building a safe haven for the future: with the right choice of investment that has at least 1% minimum risk and with an Expert guidance, profit and interest should be 💯guaranteed...
As soon as you convert your crytpo to fiat there is risk you will get audited or investigated. We can only really try to defer the tax or mitigate it via certain channels or family members. Try to lower the tax hit as much as possible
It really is a pointless effort in trying to convert to fiat without paying taxes. You can do all that dancing but if you think you're depositing a mysterious 10K+ into your bank account without questions being asked, you got another thing coming.
ITS STRANGE HOW PEOPLE TALK ABOUT THE PROFITS THEYVE BEEN MAKING THROUGH TRADING OF CRYPTO WHILE I M HERE NOT MAKING ANY PROFIT AT ALL PLEASE CAN SOMEONE PUT ME THROUGH ON THE RIGHT PATH
@@SaveThouandsOnWater Fake news. Making a loan payment with crypto is a taxable event according to the IRS. Also, long term capital gains rates can be 0% if your household income is low enough. So paying 15% APR would be an idiotic move.
You could simply trade one crypto for another when one of your cryptos is at a new all time high or has made you significant gains . Find a crypto that is down or find one with a low volatility rate to exchange with. If you can be patient ,you could most likely buy back in at a lower price . Ending up with more crypto each time buying back in.
I’m so sorry for the high tax in many countries. In Hungary we have to pay only 15%. I’m eager to pay because I can sleep well in this way. I hope you can find legit solution to optimize the tax. You should find a tax advisor to do it well.
This was quite interesting to watch! given ETH's high gas fees and the oncoming release of Cardano (erc20 converter) and also the recent run-up with Binance Chain, I foresee an exodus for ethereum and would take profits and swap ETH to ADA and BNB to hedge against ETH not being able to fully deliver scalability until 2022?. Thoughts?
@@janicebath4502 That's true! I'll have to confess, If it hadn’t been with the help of my broker Mrs. Elizabeth Rossiello whom I can’t thank enough, I had already given up on the crypto market after losing so much money. She helps handle my day trading and I am pretty impressed by her strategies
@@christopheredward5188 Wow, now I'm intrigued because I've heard so much about her and her reputation, she's one of the founders of bitpesa and AZA Finance. please how can I get in touch with her?
I'm new to forex trade and I have making huge losses but recently I see a lot of people earning from it. can someone please tell me what I'm doing wrong
Isn't this video missing the fact that most crypto can be traced regardless of where you put it. The government can easily put you in the position of proving you did or did not have it and if you can't hit you with taxes.
@@4DTravelr Uniswap is a decentralized exchange meaning none of your transactions are recorded to your ID. Metamask is a anonymous wallet therefor not associated with your name. Anonymous 100%
Ive always wondered if I had to pay taxes if I used Crypto to pay for something. There doesn't seem to be a clear answer anywhere though. Imagine if that was true though, that reason alone could convert millions of people to adopt Crypto for daily use
Ive always wondered if I had to pay taxes if I used Crypto to pay for something. Yes. Every purchase is a "coin to USD" transaction. Each transaction is a potential gain or loss. You have an accounting nightmare.
Bitcoin and cryptocurrency have been making millionaires,although people are still having losses due to lack of experience,that is why it is advisable to allow a professional handle your trade,I recommend Vanessa platform she’s trustworthy.
I believe it is worth mentioning... unless you are transferring crypto from one exchange to another, the US IRS expects you to report it. These transactions includes exchanging one coin to another, exchanging coin to USD, gifting coins, selling coins, buying items with coins... and so on. Now one thing that is a benefit... HODL... Yes, if you hold a coin for more than a year, the taxes on that is cheaper thanks to the Long-Term Capital Gains Tax and can be 0% if you are within a certain bracket.
Actually taxes do not go to fund the government Teddy Roosevelt said that in a famous speech as well as Nixon after him taxes do not go to fund the government
No they don't you should know your history before Ivan hopefully find a link to the video where his speeches that he says taxes does not go to pay the economy it goes to finance Wars and everything else it does not in any way shape or form go to help the schools or anything else in this country
@@ChrisGilliamOffGrid yeah you're very wrong. Every government service has a defined tax collection method. Income tax, capital gains tax, and other nebulous taxes go straight toward paying off bad government investments and funding Petro dollar machine which includes wars and hostile occupations. The us constitution explicitly prohibits taxing income or wealth. These taxes are abhorrent and immoral. I think you may be the one listening to idiots on the internet
Make a gain with a crypto and pay someone in crypto, to buy a car for instance, or a guitar, or renting a cabin for vacation week, and you don't pay taxes? 4:10. I don't think you're right about that.
maybe use a ledger wallet, as long as you minimize kyc purchases (cars), you can claim that you lost your ledger pass phases, and your crypto went missing.
I don't mind paying some taxes (within reason), I do however have a real problem with capital gains tax as this is nothing but a double-dipping tax. However, while taxes suck, you really don't want the IRS coming after you. People seem to forget that, bar privacy coins, everything is trackable on the blockchain. Not paying taxes is a sure fire way to get rekt just as fast as the market plunging. Importantly, the market can only take what is in your account however the IRS will come after everything to get 'their' money from you. Better to look at legal ways to reduce your gains by claiming losses, fees etc.
![Twenty One Pilots - “The Line” (from Arcane Season 2) [Official Music Video]](http://i.ytimg.com/vi/E2Rj2gQAyPA/mqdefault.jpg)
Dude you always have great advice and tips. keep it up.
Want to get better at doing crypto research? join.fullvalue.club/waitlist
@@FullValueDan This video has some of the most poorly researched half-baked nonsense on RUclips. Let's review...
1) Send crypto from CoinBase (which has your identity linked to your wallet addresses) to a non-KYC exchange
2) Trade (i.e. SELL your crypto from a legal tax perspective) and fatten your bags (i.e. make CAPITAL GAINS from a legal tax perspective)
3) Send your gains (CAPITAL GAINS) to your fiat off-ramp (which is, no doubt, another exchange which has your identity) to convert them to US dollar (i.e. SELL them)
4) Pray that nobody at the IRS bothers to even remotely look into this activity because if they do there's a strong audit trail leading right to your balls which they can lock up for a lifetime or two.
Why pay taxes when central banks are just printing money
Woke
delay the inevitable for a minute
money is a illusion and taxes are for slaves
Literally
Because they have balls of steel, and we don’t.
Over-paying taxes doesn't make you a "good person." It makes you stupid. It makes us all stupid for allowing/voting the government to screw us.
screwed for thousands of years
Watch the video im alowed to rob you by larken rose
@@alukea123 thanks for the suggestion
government do shit with taxes, at least on my country you see the place is crumbling down. I pay 2000 in taxes every year for nothing
The Cabal, same people that are depopulating the planet as we speak is who you pay taxes to which is why they are trillionaires!
I was audited by the IRS just for watching this video.
Lmao, just blame the algorithm. 😂
The algorithm is Uncle Sams cousin
they took all my lambos
Imagine the guy who posted it
Haha how the hell would u know it was from watching this video
I dont even mind the taxes, but flagging crypto to crypto exchanging as short-term capital is ridiculous. I think they are trying to kill crypto by over taxation.
The governments are like emotional children right now. They have no idea how to find out anything much and prove anything, so they will just make the laws so vague like 'Have you bought crypto or received crypto'. Yes I have. I sold it all, made a loss - who knows what ledger I sent it to and who owns that ledger? They can't tax that other person - it's the end of the road in claiming tax for them...
@@dYanamatic explain this?
Its called taxation without representation on top of this the governemnt has no business what you do or how you spend/send your money. Usa is becoming a communist country. @@itzzjh__
I think you don't understand how capital gains work
What is the best strategy to enter crypto trading now for someone with more or less than $8000
You need a pro or very goodTrader. Someone like Jared Brian Watkins
Jared excels at capitalizing on economic shifts and I have confidence in his trades
Almost gave up trading due to constant losses, but Jared turned my luck around
Now they yield about $13000 monthly
How can I consult him
Definitely my financial advisor
Bitcoin is the beginning of something great a currency without a government.
That’s why you need a professional broker that we make trade and much profit for you, I recommend Olivia she has been trading for me for some years now and I’m very much comfortable with her.
Is this serious because I have been having loss in all my trades.
The profits in Olivia”s investment plan shows how selfless she is, and her expertise are wow.
Wow! I'm so surprised to see someone here who knows Olivia Investment my life changed for better through her platform
I don't know so much about Investments how do i get in touch with Olivia Greg?
Also, if you trade on a regular basis, it's much more convenient (and cheaper) to swap to stablecoins (usdt, DAI etc.) instead of cashing out
That is taxable
“Funds roads, police...” lol if only you knew how little percent of your tax dollars actually go to those things.
It's been like that for decades and you're only now realizing this lol
90% goes into the Govt Pension Funds.
Most of it is going to woke bullshit
If you think the amount of funding to roads and schools is bad, just wait until you find out how much we spend on endless foreign wars...
@@totalrobot shut up
Finally legit video with helpful information regarding taxes, not like any other video that repeats itself with "duh convert bitcoin in IRA tax free account" etc etc. Thank you! subscribed.
Appreciate your comment W~>H~>A~>T~>S~>A~>P~>P.
+.1.~(310)5134841
I~>N~>V~>E~>S~>T I~>N C~>R~>Y~>P~>T~>O..
298 IRS agents disliked this video so far ....
But they loved all the money laundering leads they found in the comments, lol!
if you are wise , seize this opportunity and contact Mr Donemark today, stop looking around
and use the best trading system
i feel like some people look for rich quick scheme and loss alot
@@KIALOVE218 yeah
met expert mr donemark, last 2 years at a conference in uk,i invested $5,000 and traded in one month and make close to $30,000
i also introduced my neighbour to this easy system and she is so grateful after she started receiving her profits on a weekly basis%%
Do you know i invested with Donemark too,He charges 20% commission on profit made after every trading session and thats fair compared to the effect he put in making huge profit.
I live in Portugal; the portuguese gouvernment doesn't tax crypto-gains! *****
Gonna move there then irs what’s all my money
US taxes everything its complete bullshit smh
@@mlee9049 No, I'm dutch, living in Portugal
Yet...
Do you know if Spain does ?
"you should pay your taxes"
You lost me there
lol
Thats was more a disclaimer than a suggestion , so you don't sue him
If you are a US resident, there are many new rules on crypto tax reporting in 2021. For example if you are buying stuff with crypto from a store, it could be reportable. Even mining is sometimes a taxable event.
Yeah. Let's pay taxes to the government so they can use them and go on vacation like usual. Nahh
@@redsplayhouse2105 Or allow my sister-in-law to make babies, and stay on welfare and enjoy the good life.
Btc atm...it’s better to ask for forgiveness than permission. It just might be crazy enough to work!
Care for bitcoin investment tips for good returns?
yea but their fees are enormous
@@Chris-qr8ng
mssg on watsap
@@Chris-qr8ng
1 7 7 5 3 1 6 - 8 1 7 4
@@Chris-qr8ng not really I’m paying 7% I’ll pay 7% and not pay taxes 🤣🤣
"My wife is Taiwanese and I can use her passport-" (knock, knock knock) Dude you're a crackup.
Legend! "Set up your own BTC ATM at home and cash out!"
Appreciate your comment W~>H~>A~>T~>S~>A~>P~>P.
+.1.~(310)5134841
I~>N~>V~>E~>S~>T I~>N C~>R~>Y~>P~>T~>O.
"You might as well pay taxes at that point" LMAO . You are hilarious! Also, I LOVE the crazy idea of having my own bitcoin ATM at my home ;) Awesome video!
Although, when you pay taxes - you're supporting the government, if you pay high fees - you're supporting exchanges and other crypto businesses. The question is, which ones you prefer supporting.
I'm really intrigued with this idea. How does the cash get into the atm though? I guess the company you bought it from stocks it with cash and you pay a fee for that?
@@Tennouseijin don't those businesses also track your cash being taken out and report that to the govt? If so, don't you technically have to claim that cash to the govt since it's US mint?
@@wadevid Sorry, I tried answering but youtube censorbots keep deleting my answers.
Success is about focusing Your energy on what creates results and using what you already know
I like your mindset and mentality, you’re also really funny man good work
7:46 this guys face when he said "it's not illegal" just made me smile
DO WELL TO REACH OUT TO MY ADMIN. FOR MORE GAININGS IN CRYPTO/BITCOIN.
WHATS-app
+ ....1....7 ....7 ....0 ....2 ....6 ....8 ....3 ....0 ....5 ....3..
@@cryptokanoon7426 can I give you all my money
Not until the IRS show up and nails you for all that money.
@@crand20033 paying taxes is still illegal
You deserve an award for this video. Amazing.
Been amazing trading with pro trader Mr Corey for months now, he is the best and I must recommend him because he has helped me earn lots of profits trading bitcoins
@Coreytradings
Ah, so young! Avoiding taxes: perfectly legal. Evading taxes: not so much.
He literally encourages people to do their stuff they dont want to report for taxes on a non kyc exchange but then cash out using a kyc exchange.
Thing is: The moment you link your identity in any way you are fuckd as soon as governments figure out to analyze on- chain data automatically. They do this already on small scale.
I will report this video for encouraging criminality. Not blaming the guy but this is dangerous.
@@heyhelmar Helmar da hater WTF bro! I’m not sure what the answer is but “reporting it” and being a Nark aint it!!
@@heyhelmar fuck the government, they didnt invent crypto why the fuck they think they have the right to take a portion of your crypto.
@@heyhelmar fucking karen
@@zectrixtv fucking Karen, my thoughts exactly
Taxes don’t do anything you first listed. It’s flat out extortion. Let’s not keeping lying to ourselves.
I’m taking your tip offs not to withdrawal too quickly. Helpful, thank you.
Care for bitcoin investment tips for good returns?
This is without a doubt the best video on the internet 😂
Lmao, “Buy bitcoin atm machine.”
“My girlfriend is Taiwanese and send it to her.”Oh man, I knew an Asian guy with glasses could come up with something I haven’t heard before. 😂 I would give you a 1000 thumbs up if I could. 👍👍👍👍👍
but how do you withdraw in usa without paying tax?
@@InnocentDude1 that’s why you use bitcoin atm which is untraceable for withdraw. Or like he said, just buy the machine, lol.
@@714boba2003 but how does the atm get refilled with money if it's in your home?
@@SamDustin0077 i was wondering same
@@SamDustin0077 this is my question. I would assume whoever you bougth the machine from would fill it and you would pay a "refill fee" maybe? idk. It's all so intriguing! Maybe Dan knows lol.
Just btw, roads are paid with Gas Tax. Schools are paid with Property Tax. Federal Income Tax pays for one thing: the debt owed to the Federal Reserve, to service the loans used to pay for the US Military and Empire expansion.
"get some international friends"
Best workaround ever
How? For eg. some countries don’t recognize crypto does it mean routing the gains into those countries would help to not pay taxes to Uncle Sam? Will the transfer be easier?
What if your international friend runs off with your money ?
@@george25199 Marry your international friend intentionally ^^
@@Raterex That could make it worse lol
@@george25199 get a hitman
I like the way you think homie, subbed.
Why do you have a bitcoin ATM in your bedroom? Mind your own business.
Love the video 😁😂🤩
Appreciate the time you took to create this. I’ve been following your advice and sharing my journey on my channel too.
We take the risk, they take the money
Exactly, daytime robbery
Yeah that’s fucken bull shit
Thanks for ur valuable shady financial advice
I have made the switch to the metaverse. I only keep about 200$ of my check in usd for food and gas. The rest is 100% in crypto. This is my long term retirement plan.
This is agent Spike from the IRS we will be contacting you shortly. Please have your finatual papers in order for the Audit you will be receiving with out lube
Hi Agent Spike. Here are my papers. I'm totally innocent. I've led a clean life despite the fact no one likes me. Maybe that's because I'm a Goodie-two-shoes.
@@Jaden48108 Lol
Well I will also say this here... Talking from my own experience as a cryptocurrency trader mostly BITCOIN TRADING as the leading asset, so far I have come to realize that the crypto market is of two sides. As some people will hold and wait for bitcoin to skyrocket so they can sell-off, while others will wait for bitcoin to fall so they can buy at a cheaper rate. However, I see all this worries baseless if they can't yield good profits, my advice still stands on involving in day trading by finding an accurate strategy/daily signals in other to accumulate and grow a very strong portfolio. For me, it's been so successful for over 7 months because I was smart enough to find working daily signals which are being provided by a pro trader known as Mr. Jason Brown during the first 2 weeks I accumulated and grew my portfolio from 2btc to a total of 8.4btc which you will agree is a very good profit, Jason can be reach on Telegram (@ Jasonbrown1 ) and whatsapp +447537126930 for more profitable system.
@@brodiemeyer6571 Worst advice I've ever heard.
@@brodiemeyer6571 yeah bruh. Trash!
The world is changing! I'm glad to be part of that. The crypto had made so many millionaires already. It is the evolution of money, Thanks for making this very informative video I just subbed 👍
Cool. Sounds like you've got so much money from crypto, I'm new around here
@@reeceudochukwu3350 Yeah. I've made a lot! Investing, holding and trading crypto has been my decision ever
Crypto is the way to go 🎯🚀
@@riccardogiuseppe6635 that really sounds good, how do you go about taxes?
@@reeceudochukwu3350 First I thought of moving out of the US that can't be feasible atm but I've made my gains with the help of a financial consultant and its been easy peasy making money on investment.
I've built a good retirement portfolio and passive income
I can’t get enough of your content, it’s always so practical and helpful. Just started creating videos in this niche as well.
You come through with the sketchiest shit I love it.
Dan in 2022: So I got audited by the IRS. I started a gofundme to help me with the “process”.
😁
Maybe he is not in the USA
I bought a bticoin atm when you published this video since 6 month it solved all my problems. I have it in my bedroom and whenever I need money I just withdraw with no commission.
Join here Hdiscord.gg/SRjqWCJu6t
I'd like to know why the IRS should be entitled to anything we pay for with the money we receive after paying our taxes.
That is double taxation. IRS shouldn't get a damn thing.
BUT... we are THEIR slaves. And slaves work for their master.
ive been saying this for years now. people like you and me need to be more vocal about this nonsense. we need to speak up and let other like minded people hear our voices. apart we are nothing. together we are everything.
I did a kucoin account 2 days ago and did asked for id, proof of address etc, just as an update
They may ask, but it's not required. You can withdraw up to 2 BTC without KYC.
I use NEXO, with an account there your can take a loan against your crypto as collateral. Loans are a non taxable event. It does require KYC, but it's a great alternative to avoid taxes while keeping it legal.
@@fullvaluedan8297 Guide yourself to success then, don't depend on others. Give your WhatsApp to your grandma.
Dan, you're hilarious man! Thank you for all that you do, Keep up the great work!
Thanks for your feedback. ___For more guidance
W....h....a...t... S...a...p...p
+ 1 • 8 • 5 • 7 • 2 • 4 • 0 • 9 • 3 • 3 • 9
@@fullvaluesdan6462 76545tfhczf
Who Dosent like this guy. How can anyone dislike him. So funny and knowledgeable
This video is hilarious and dope!! Thank you💪🏽😂💯
Watching him attempt to explain and backpedal is cracking me tf up 😂😂😂😂
Literally!!!
Viewing your attempt ‘Miss Queenie’ to having an interesting and informative U Tube channel is cracking me up!😤😤
This guys great. love his Im saying something without saying something approach 😉😉😉😉😉
I'm new to Bitcoin and would like to invest but I've got no idea on how to make good profit. Pls what's the best approach you'd recommend?
With the right approach, it works
I have been Investing and trading and still yet to earn my first profit. what strategy did you use pls
@@salemahmed2006 Actually, an expert handles my bitcoin investment while I use my profit to grow my business
@@janewilliam7222 How good is your expert trader, I'd like to invest too
@@marshallwalters2100 Investing with her was easy and straight forward. Just withdrew my profit last week and the trade is still in progress.
Decentralize every service of government and abolish politicians
Care for bitcoin investment tips for good returns?
That’s silly because that would mean anarchy.
@@ghosttankcommander5397 and?
Love the video. Subscribed! 7:28 , that was the most strained, attempt at a PSA I have ever seen in my life, even the camera laughed and went out of focus. Hilarious Bro.
haha! I love your "potential ideas" and buying my own BTC ATM?? Oh my gosh I have to subscribe! :)
How would you get cash to load the atm though haha
I signed up for KU coin and did the KYC they failed me and said they don’t service my location meaning USA WTF?
Oh hey happy to see you like Nano!
Taxes go to make payments on debts loaned from central banks. That's how the deficit grew.
You're funny and so smart. I love this video. Think you!! xoxo💋
You're funny! LOL 🙃 and Entertaining to watch and I got something! Lol 😂 full value! 😅
Great video. Your definitely red flagged now. You'll get those crypto tax papers on the next tax cycle. Lol
Yeah the government will get theirs one way or another
Hello what's the best way to get started with trade cos I've been making my personal research for a while now
I've lost nearly 4000 in my demo account, used allot of strategy I saw on youtube and read online, what advice do you have for me, which strategy should I focus on?
I still earn around $1500 every week with my $500 deposited with Keily trading strategy
you've just started your trade journey bro! that's just one of the obstacles
+
1
haha the level of your sarcasm is awesome :D
Great personality! Thanks for sharing!
Appreciate your comment W~>H~>A~>T~>S~>A~>P~>P.
+.1.~(310)5134841
I~>N~>V~>E~>S~>T I~>N C~>R~>Y~>P~>T~>O...
So get a foreign National as wife and leave them liable.... you might be on to something 🤔
Lol
Then they find away to deport you even if you're a U.S Citizen.
These comments gave me hope, I'm glad people realize that income tax is bullshit, there's enough taxes already and we are not getting what is promised, rather our taxes fund corporations and wars.
Thanks for this vid.
I'm holding my crypto in a decentralized wallet ( Atomic Wallet ) then planning to move it back to coinbase to transfer to USD when I need to.
I don't know how they could possibly know how much I gained or what... of course, like you said, if 10k comes into the account, Coinbase will be like wtf is this
So I would think 9 grand or less would be fine?
Yes. But this can always change. Just keep an eye on the guidelines
It's pertinent to know that investment is essential to make more money. Right guys???
WHAT'SAPP✛𝟏𝟑𝟓𝟐𝟔𝟑𝟓𝟕𝟖𝟎𝟓
@@stellaadams6620 hello,, is this Ms Galia contact?
@@pierogallo132 yes
@Clara Gregory Please can she provide help to a person from foreign country? Because I'm not an American.
Success is dependent on the action or steps you take to achieve it. Show me a man that doesn't have an investment and I will tell you how soon he'll go broke. Investment is building a safe haven for the future: with the right choice of investment that has at least 1% minimum risk and with an Expert guidance, profit and interest should be 💯guaranteed...
As soon as you convert your crytpo to fiat there is risk you will get audited or investigated. We can only really try to defer the tax or mitigate it via certain channels or family members. Try to lower the tax hit as much as possible
Thanks Dan! I’ve been waiting for this vid ever since you mentioned it in your past video.
It really is a pointless effort in trying to convert to fiat without paying taxes. You can do all that dancing but if you think you're depositing a mysterious 10K+ into your bank account without questions being asked, you got another thing coming.
Great point lol
Dont deposit it on your bankaccount.
Sell it for cash money.
Hi Dan. This video is hilarious, love it. The part were I put a Bitcoin ATM in my house cracked me up.
SOMETIMES ADVERSITY IS WHAT YOU NEED TO FACE IN ORDER TO BECOME SUCCESSFUL.
YOU DON'T MAKE MONEY ON FOREX OR CRYPTO BY HOLDING YOUR COINS RATHER YOU TRADE TO MAKE GAIN
MOST PEOPLE VENTURE INTO CRYPTO TO BE A MILLIONAIRE. MEANWHILE I JUST WANT TO BE DEBT FREE
JUST DO THE RIGHT THING BY TRADING WITH AN EXPERT
STOCK IS GOOD BUT CRYPTO IS BETTER
ITS STRANGE HOW PEOPLE TALK ABOUT THE PROFITS THEYVE BEEN MAKING THROUGH TRADING OF CRYPTO WHILE I M HERE NOT MAKING ANY PROFIT AT ALL PLEASE CAN SOMEONE PUT ME THROUGH ON THE RIGHT PATH
U cracks me up, keep up the good stuff bro... I know Asians don't like to pay taxes... LoL (I'm Asian myself) ;)
Im definitely gonna put my crypto that i want to cash out into stable coins and then withdraw it in smaller amounts when i wanna buy something
The frequent suggestion is : Take a crypto loan @ 15% APY and cash out. Then use your crypto to pay off the loan.
Are loans not taxed?
Loans are NOT considered Income so it is NOT Taxed
Wouldn’t that start a taxable event by realizing your crypto
@@07874axel Yeah exactly, that doesn't make sense. If you get a loan without paying fiat, then they are going to look for how you paid it off.
Loans are not tax, this is the best loophole. This is how all the billionaires live off their stock options without paying taxes
@@SaveThouandsOnWater Fake news. Making a loan payment with crypto is a taxable event according to the IRS. Also, long term capital gains rates can be 0% if your household income is low enough. So paying 15% APR would be an idiotic move.
You had a subscriber when you said “you can have an atm machine in your home”.
yeah, i loved that bit
You could simply trade one crypto for another when one of your cryptos is at a new all time high or has made you significant gains . Find a crypto that is down or find one with a low volatility rate to exchange with. If you can be patient ,you could most likely buy back in at a lower price . Ending up with more crypto each time buying back in.
DO WELL TO REACH OUT TO MY ADMIN. FOR MORE GAININGS IN CRYPTO/BITCOIN.
WHATS-app
+ ....1....7 ....7 ....0 ....2 ....6 ....8 ....3 ....0 ....5 ....3..
hahahaaaa your a legend brother !! learnt so much from your other videos
I’m so sorry for the high tax in many countries. In Hungary we have to pay only 15%. I’m eager to pay because I can sleep well in this way. I hope you can find legit solution to optimize the tax. You should find a tax advisor to do it well.
Man.. I love your videos 👌🏼
This was quite interesting to watch! given ETH's high gas fees and the oncoming release of Cardano (erc20 converter) and also the recent run-up with Binance Chain, I foresee an exodus for ethereum and would take profits and swap ETH to ADA and BNB to hedge against ETH not being able to fully deliver scalability until 2022?. Thoughts?
I want to remain positive, right now there seems to be a lot of competition in the smart contract space soon. And the crypto market moves up fast.
I'll have to agree with you but considering the current situation with the cryptocurrency market, a lot of investors are scared to lose money
One thing for a fact is at this point currently day traders and exchanges would be making a hell of a profit!
@@janicebath4502 That's true! I'll have to confess, If it hadn’t been with the help of my broker Mrs. Elizabeth Rossiello whom I can’t thank enough, I had already given up on the crypto market after losing so much money. She helps handle my day trading and I am pretty impressed by her strategies
@@christopheredward5188 Wow, now I'm intrigued because I've heard so much about her and her reputation, she's one of the founders of bitpesa and AZA Finance. please how can I get in touch with her?
I'm actually tired of working about stocks...it's driving me nuts these days, I think crypto investment is far better than stock..
Trading crypto has been a lucrative way of making money
Stocks are good but crypto is more profitable
I'm new to forex trade and I have making huge losses but recently I see a lot of people earning from it. can someone please tell me what I'm doing wrong
all you need is a professional trader else you will continue making losses
How can someone know a professional account manager that is trustworthy when legit once are hard to find this days
Ton of information in concentrated form! Many thanks!!!
You got me with Uncle Sam dabbing 😂😂
He cappin ?
Isn't this video missing the fact that most crypto can be traced regardless of where you put it. The government can easily put you in the position of proving you did or did not have it and if you can't hit you with taxes.
Not with metamask and Uniswap
@@MarcRebilletClips Can you elaborate?
@@4DTravelr Uniswap is a decentralized exchange meaning none of your transactions are recorded to your ID. Metamask is a anonymous wallet therefor not associated with your name. Anonymous 100%
@@MarcRebilletClips Very interesting, thanks. So you don't need VPN and/or Tor with those, good to go as-is?
@@4DTravelr Nah not needed
I love you Dan. You are an asset to all!
Ive always wondered if I had to pay taxes if I used Crypto to pay for something. There doesn't seem to be a clear answer anywhere though. Imagine if that was true though, that reason alone could convert millions of people to adopt Crypto for daily use
Ive always wondered if I had to pay taxes if I used Crypto to pay for something.
Yes. Every purchase is a "coin to USD" transaction. Each transaction is a potential gain or loss. You have an accounting nightmare.
I highly recommend the RUclips channel No Duty To Submit. Especially the Paying Taxes On Virtual Currencies video.
Bitcoin and cryptocurrency have been making millionaires,although people are still having losses due to lack of experience,that is why it is advisable to allow a professional handle your trade,I recommend Vanessa platform she’s trustworthy.
Since I started trading I keep loosing I almost decided never to trade anymore what should I do now?
The profits in Vanessa platform plan shows how selfless she is, and her expertise are wow.
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade.
Is this serious because I have been having loss in all my investments please what should I do?
I will advice you should stop trading on your own if you keep loosing and start trading with Vanessa platform
Wow you're a legend and funny asf subbed
Funniest and one of the most informative videos I have watched on crypto. Definitely subscribing!:D
Bro, just the video I've been looking for! How to do legal but shady shit! You're getting my sub! LOL!
I believe it is worth mentioning... unless you are transferring crypto from one exchange to another, the US IRS expects you to report it. These transactions includes exchanging one coin to another, exchanging coin to USD, gifting coins, selling coins, buying items with coins... and so on.
Now one thing that is a benefit... HODL... Yes, if you hold a coin for more than a year, the taxes on that is cheaper thanks to the Long-Term Capital Gains Tax and can be 0% if you are within a certain bracket.
Wish I could like this video 100 times! Excellent job.
You are funny! I like your perspectives on things. Thank for sharing ideas 🤣🤑😉
xD I love your videos.
Great wisdom shared. Thank you.
Actually taxes do not go to fund the government Teddy Roosevelt said that in a famous speech as well as Nixon after him taxes do not go to fund the government
But they do.
No they don't you should know your history before Ivan hopefully find a link to the video where his speeches that he says taxes does not go to pay the economy it goes to finance Wars and everything else it does not in any way shape or form go to help the schools or anything else in this country
@@OuttacontrolMinistry You can actually just look at government finances. Try that instead of listening to random idiots on the internet.
@@ChrisGilliamOffGrid yeah you're very wrong. Every government service has a defined tax collection method. Income tax, capital gains tax, and other nebulous taxes go straight toward paying off bad government investments and funding Petro dollar machine which includes wars and hostile occupations. The us constitution explicitly prohibits taxing income or wealth. These taxes are abhorrent and immoral. I think you may be the one listening to idiots on the internet
@@chuggns I think you need to actually research some subjects in depth before you open your mouth on them you sound stupid.
Excellent comedy! And we know the IRS will not monitor you because they are not vindictive and love a good comedy routine ... good luck!!
Hello?
+1=2=0=1=6=3=2=1=4=1=9
W=h=a=t=s=A=p=p=m=
..
You just gained a like in subscription from this video alone
Make a gain with a crypto and pay someone in crypto, to buy a car for instance, or a guitar, or renting a cabin for vacation week, and you don't pay taxes? 4:10. I don't think you're right about that.
Yeah, spending cryptocurrency is a taxable event.
maybe use a ledger wallet, as long as you minimize kyc purchases (cars), you can claim that you lost your ledger pass phases, and your crypto went missing.
You're not spending it, you're giving it to someone and that someone just so happened to leave his guitar so you kept it
@Alex Johnson wait really?
Had no idea lol
I don't mind paying some taxes (within reason), I do however have a real problem with capital gains tax as this is nothing but a double-dipping tax. However, while taxes suck, you really don't want the IRS coming after you. People seem to forget that, bar privacy coins, everything is trackable on the blockchain. Not paying taxes is a sure fire way to get rekt just as fast as the market plunging. Importantly, the market can only take what is in your account however the IRS will come after everything to get 'their' money from you. Better to look at legal ways to reduce your gains by claiming losses, fees etc.
Me to the IRS: Dan told me not to pay taxes.