Yeah he is right, its difficult to explain your finances when you have like 20 wallets and some wallets are like 10,000+ transactions with 300+ protocols each.
This topic is one where people do not even have the balls to talk about it, credit to this man for his courage. The tax man is the real enemy of crypto, not the SEC. Average people like him are getting absolutely hammered while traders inside Centralized entities can grift crypto for all its worth without a single concern because they do not manage their own wallets. That is the biggest fact in crypto, grifters make all the money without touching blockchain while adopters who are the root of the value are being thrown in jail like animals.
I've been in crypto since 2017 and not off ramped a single penny, I've lost in the early days and I'm determined to make it this bull run, but this has always scared me about paying taxes, there's no chance i can track everything I've bought and sold. I'm hoping i can just pay the capital gains on whatever profit i take into fiat and that will be ok even though i know it's not ok.
I'm the same buddy. It would make much more sense to pay capital gains on any profit you make once transferring back to your native currency. In my case GBP.
@@HandsomeFinance I really respect you for calling him out with your "did you pay for college" line. So many other interviewers would only ask easy questions, but you challenged the guy on his BS. Kudos.
Hey man i really think this channel is underated like seriously. .I really do think you are the best interviewer on the YT platform, Ive subbed! PS Im a trader been trading 14 years. Futures crypto forex etc, I hope to one day be on this channel when i win big, thank you for the video.
I'm not a trader but I left my BTC on Gemini and the bookkeeping said at the end of the year I made 63 trades in 60 seconds. It wasn't me I swear. There were many others like this, but again it wasn't me. I talked to different parts of the US government, and they told me that Gemini insiders are trading my account. I ask them but how? It is not humanly possible to make 63 trades in 60 seconds. So basically it is their AI using peoples cryptos making them money using our cryptos while we sleep. I'm an elder old women. What I wouldn't do to be young again with the technology younger people know today. I didn't have children, so I don't have any young person around me to help me understand any of this, but it is fascinating.
If you can become financially free you have choice and option and are no longer a slave to the system that is exactly why they make it really difficult for anyone to escape, they want you to be dependent on the system be a consumer and use FIAT which is just paper
What was the main reason for jail ? Tax evasion or something else ? If it is for tax evasion than, couldn't he avoid prison by paying taxes plus some tax evasion fine ? -Or was there something about the way he made money in Meme coins (multiple wallets)/pump dump etc that was illegal as per authorities?
What about so many politicians profiting millions from very obvious insider trading, shorting or longing with leverage just before a policy is public, etc.
The guy sounds like he's from Germany. So am I and neither was my account ever frozen nor did I have issues with taxes. This "the tax laws weren't clear" is bs. Spot crypto has been treated like objects and futures is treated like trading stocks or forex. He just tried to evade laws.
His problem wasnt taxes , his problem was that he made money came from illegal activities like doing Rug-Pulls and scamming people and police likely noticed it when he tried to cash out He got of very lightly , if he had done same things in the stock he market he would got lifetime prison sentence
It's always interesting to watch) And here's a question, how to correctly transfer USDT using this seed phrase from OKX to binance? head isolate sound end kit industry choice festival limit stable dolphin derive
Wait what, I thought I could just hold absolutely any coin, move away and make it liquid where there is no taxation. They can't just force you to drop all your assets. And iam quite firm in that belief, that can not be true. Writing from Germany , where they are pretty miniscule with it.
You can but you have to declare youve left the country etc And cant have put it into USDC etc as that will have crystilised the gain so you could have a 1 mill portfolio but the time youve got out there and sorted everything it could be down 50%. You know cryto.
No, you definitely can't go to another country as a German citizen cash out. I've already done that and I'm from Germany. In Germany, taxes on crypto are regulated in a very mean way. When I cash out, the tax year in which I bought and sold them counts. So if you emigrate from Germany to a other Country to cash out, the tax office can accuse you of having done it to avoid taxes for up to 5 years. After 5 years without living in Germany you are free. Just read the laws. You can also forget about setting up a company in a tax free Country if you live in Germany. You will then be accused of having deliberately set up the company to avoid taxes in Germany.
Alot of you should be thankful for this guy talking about his situation. Use it as an eye opener. Dont be greedy..You make some, you pay some. I pray for some leniency for you. Hope you come to an agreement, and dont have to do no time in confinement. Learn and move forward, youre still young and have time to grow.
Well said, All these little virgins laughing at him when hes got more balls than any of them and trying to stand up for the right thing. Fking internet man I swear.
This guy was obviously deeeeeeeep into crypto if he was doing 10 different defi protocols in 2017. Word to the somewhat normie crypto investor trader in the US. Track all of your trades with coinledger or something similar as you trade. That way you have a clear roadmap where you are. And Obviously, pay your taxes any time you've incurred a taxable event. Also, don't forget, if you made over a certain amount in gains, you have to pay the government on a quarterly basis, not annual. Basically, don't mess around with the IRS
Only person who should ever get in trouble in crypto is the developer if its some scam coin. But if you’re an investor it shouldn’t be your fault you’re technically a customer if you think about it.
this guy is really bad at telling his story...this is the most terrible explanation of what happened ....he took an hour to tell a story that could have been told in less than 3 minutes he is a waffler. and truly annoying he made money in crypto and drew half a mill out...and put it in his bank account...and they froze it ...and took him to court for non payment of taxes. thats it.
I agree with this guy. We take huge risks and the government wants to take part of it? Thanks basicly so unfair, I will become fully descentralized once I can
I had 12,000 Luna that I paid $0.60 per Luna. Was worth $1.25m at ath. Had it staked, was locked for 14 or 21 Days if I remember. Anyway, after the bull run I left the market with $13,000😢
Always work within the law. If the law is unfair, plan and aim to legally exit and bring our capital out of your country and continue building your success elsewhere.
In my view, it seems unwise to earn a substantial amount of money and then avoid paying taxes. Achieving significant financial success and nearing financial freedom, only to risk imprisonment over unpaid taxes, is a baffling choice. This is especially true if the only charge is tax evasion. Very greedy! Even if you have a million transactions, it is your responsibility to maintain accurate records of them. Modern software makes this task quite simple.
Bro thinks his words are so powerful that the irs will bow down in front of him and declare all of his income tax free.. avg crypto bro basement dweller that has no clue how finance works, made some quick bucks and got fucked over by the taxes since he probably thought they will no check anything.. after that he blames all the whales in the business that have experienced accountants etc. that know how to deal with taxes and get the most out of your money.. this guy is the pure example of living at home with his parents and being an uneducated fuck lmao
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
I will have to pay 50% on my gains on meme coins in Germany. They do not treat it as income on capital gains but as private sales transactions to which the income tax rate applies.
His problem wasnt taxes , his problem was that he made money from illegal activities like doing Rug-Pulls and scamming people and police likely noticed it when he tried to cash out. Withdrawing crypto profits made legaly is not an issue TBF sentence that he got is light , if he had done same things in the stock he market he would likely get lifetime sentence
@@CryptoLTP5 If you made money trading just sent them your wallets and hire professional to prove it by calculating all your returns and trades Issue here is likely that he was involved in creating Rug Pulls and insider trading
i'd rather waste time paying the tax and avoid years in prison. when i stay at a club i pay an entrance fee...if you want to stay in a country pay for the entrance
Thats exactly what i was thinking. Before even PRESSING THAT WITHDRAW button.. Id be rethinking my entire life from that moment forward haha As CJ says " Ahh shit here we go again " hahaha
Just pay the tax first, and then move out to a more crypto friendly country and bring your capital out, to avoid legal trouble. You can then then in crypto in peace.
Yeah he is right, its difficult to explain your finances when you have like 20 wallets and some wallets are like 10,000+ transactions with 300+ protocols each.
Just say I am a retardio
@@HandsomeFinance Yeah I am Degen Maximus Retardio 😂😂😭
Can you please tell me where you got the frog profile picture from? I love it
@@HandsomeFinance lol might not work so well.
Bitcoin is the answer…
man i cant wait to make enough to go to jail
This topic is one where people do not even have the balls to talk about it, credit to this man for his courage. The tax man is the real enemy of crypto, not the SEC. Average people like him are getting absolutely hammered while traders inside Centralized entities can grift crypto for all its worth without a single concern because they do not manage their own wallets. That is the biggest fact in crypto, grifters make all the money without touching blockchain while adopters who are the root of the value are being thrown in jail like animals.
Well said.
depends we're you live and how you use the funds. there are actually a ton of ways to avoid taxes everywere.
@@Shopz_Serviceswhat are some can you tell , i need it .
What’s a grifter?
Those Interviews are 🔥!!! Keep Them coming Antoine!
the worst thing is that if you get hacked or something like that... it just passes like nothing happened :/
@@OnchainBureau yea sounds good looking forward to seeing that on your channel :)
I've been in crypto since 2017 and not off ramped a single penny, I've lost in the early days and I'm determined to make it this bull run, but this has always scared me about paying taxes, there's no chance i can track everything I've bought and sold. I'm hoping i can just pay the capital gains on whatever profit i take into fiat and that will be ok even though i know it's not ok.
What country?
@@aguilaleon100 uk
I'm the same buddy. It would make much more sense to pay capital gains on any profit you make once transferring back to your native currency. In my case GBP.
maybe keep in stablecoin and bite off chunks?
@@joewalker8098 they do it to prevent people from making more. They hate it when the masses escape wage slaving
Morale of the story: pay your tax, if you are in a tax country. If you reside in a tax-free country, don't pay tax.
lol yes
Thanks you save my time
Moral of the story: use Monero and offramp only what you need immediately and can't pay directly in crypto.
no, moral of the story is the government is a pos
@@HandsomeFinance I really respect you for calling him out with your "did you pay for college" line. So many other interviewers would only ask easy questions, but you challenged the guy on his BS. Kudos.
Such an amazing interview, I saw it on X earlier today. It's also super scary at the same time.
Who is the guy btw? Would be nice to follow how it unfolds
For sure. Just respect the law tbh
Bruh share the X link where you saw the thread
Hey man i really think this channel is underated like seriously. .I really do think you are the best interviewer on the YT platform, Ive subbed! PS Im a trader been trading 14 years. Futures crypto forex etc, I hope to one day be on this channel when i win big, thank you for the video.
why withdraw all crypto to fiat, why not just keep all crypto in hardware wallet, withdraw what you need,and pay tax on only what you convert to fiat?
In Romania it's pretty chill with crypto memes. Just pay 10% of your winnings and ur fine
Yeah very chill.
I hope I will not need to pay on my losses 😂
pana esti la bt si iti inchid baietii toate conturile
@@HandsomeFinance They should pay us if we lose. Its only fair that way.
I'm not a trader but I left my BTC on Gemini and the bookkeeping said at the end of the year I made 63 trades in 60 seconds. It wasn't me I swear. There were many others like this, but again it wasn't me. I talked to different parts of the US government, and they told me that Gemini insiders are trading my account. I ask them but how? It is not humanly possible to make 63 trades in 60 seconds. So basically it is their AI using peoples cryptos making them money using our cryptos while we sleep. I'm an elder old women. What I wouldn't do to be young again with the technology younger people know today. I didn't have children, so I don't have any young person around me to help me understand any of this, but it is fascinating.
which countries does he live or travel between?
If you can become financially free you have choice and option and are no longer a slave to the system that is exactly why they make it really difficult for anyone to escape, they want you to be dependent on the system be a consumer and use FIAT which is just paper
It sucks
What was the Meme coin called in the end?
Poop inu, brah.
What is TM’s X account and TG ?
Same bruh no one dropped it
Fire content🔥🔥🔥🔥🔥keep it coming and thanks!🚀
Antoine did TM say Red Bros at the end? I can’t find any meme coins with that name 😁
Yeah me too did you find it
they are nfts
rad bro webring on eth check the chain
Excellent video bro!
off ramp/cash out in less than $10k chunks
Can that work ?
What about the annual Taxes ?
What was the main reason for jail ? Tax evasion or something else ? If it is for tax evasion than, couldn't he avoid prison by paying taxes plus some tax evasion fine ?
-Or was there something about the way he made money in Meme coins (multiple wallets)/pump dump etc that was illegal as per authorities?
Need more interviews like this. Insightful
What about so many politicians profiting millions from very obvious insider trading, shorting or longing with leverage just before a policy is public, etc.
They r not put liable n if did they r given a slap on the cheek
Can we have telegram group link?😄
The guy sounds like he's from Germany. So am I and neither was my account ever frozen nor did I have issues with taxes. This "the tax laws weren't clear" is bs. Spot crypto has been treated like objects and futures is treated like trading stocks or forex. He just tried to evade laws.
His problem wasnt taxes , his problem was that he made money came from illegal activities like doing Rug-Pulls and scamming people and police likely noticed it when he tried to cash out
He got of very lightly , if he had done same things in the stock he market he would got lifetime prison sentence
Do you use a tracking software for taxes or how to you keep track of all the trades?
@@urosuros2072 uh everyone does that in the stock market nothing happens. that's what the stock mkt is built on
he mentioend the IRS being after him, that means he's a US citizen
He might have said irs as a shorthand for tax department, even if he’s in Germany
In America you can add your crypto losses to taxes. And the capital gain tax is max 20% (just like stocks) if you hold it more than one year.
Impressed by his courage
Great content as usual, Antoine.
It poses crucial questions about freedom, decentralization, etc.
It's always interesting to watch) And here's a question, how to correctly transfer USDT using this seed phrase from OKX to binance? head isolate sound end kit industry choice festival limit stable dolphin derive
I’ve seen these comments everywhere. What’s the purpose, is it a joke? If it’s a scam I don’t understand how it works!
Wait what, I thought I could just hold absolutely any coin, move away and make it liquid where there is no taxation. They can't just force you to drop all your assets. And iam quite firm in that belief, that can not be true. Writing from Germany , where they are pretty miniscule with it.
exactly. cash out enough to move
Ia sked why he didn't move somewhere else after getting the first slap
You can but you have to declare youve left the country etc And cant have put it into USDC etc as that will have crystilised the gain so you could have a 1 mill portfolio but the time youve got out there and sorted everything it could be down 50%. You know cryto.
No, you definitely can't go to another country as a German citizen cash out. I've already done that and I'm from Germany. In Germany, taxes on crypto are regulated in a very mean way. When I cash out, the tax year in which I bought and sold them counts. So if you emigrate from Germany to a other Country to cash out, the tax office can accuse you of having done it to avoid taxes for up to 5 years. After 5 years without living in Germany you are free. Just read the laws. You can also forget about setting up a company in a tax free Country if you live in Germany. You will then be accused of having deliberately set up the company to avoid taxes in Germany.
@@malagaverschtehsch1981so how do you manoeuvre?
Antoine, will base recover? miggles nuked the entire sentiment
How so?
@@MrNH718 There are rumors among base community that miggles is insider job. Coinbase denies it. A lot of Base meme communities feel backstabbed.
Bruh the fuck are you talking about. You are searching the wrong miggles. The original miggles launched is at 90m$ mc right now
@@stephengeorge1540thats exsctly what he meant retrd, he is saying that the huge inflow is pulling away liquidity from other coins
They did stupid stuff and do not talk to the peoples in the trenches…
Alot of you should be thankful for this guy talking about his situation. Use it as an eye opener. Dont be greedy..You make some, you pay some. I pray for some leniency for you. Hope you come to an agreement, and dont have to do no time in confinement. Learn and move forward, youre still young and have time to grow.
don't be greedy with your own $$$ ? lol it's never greedy when ppl wanna take it apparently
Well said, All these little virgins laughing at him when hes got more balls than any of them and trying to stand up for the right thing. Fking internet man I swear.
This guy was obviously deeeeeeeep into crypto if he was doing 10 different defi protocols in 2017. Word to the somewhat normie crypto investor trader in the US. Track all of your trades with coinledger or something similar as you trade. That way you have a clear roadmap where you are. And Obviously, pay your taxes any time you've incurred a taxable event. Also, don't forget, if you made over a certain amount in gains, you have to pay the government on a quarterly basis, not annual. Basically, don't mess around with the IRS
Great interview. Thank you for sharing this young mans story.
Only person who should ever get in trouble in crypto is the developer if its some scam coin. But if you’re an investor it shouldn’t be your fault you’re technically a customer if you think about it.
Just bought VRS tokens. This project is going to be huge!
this guy is really bad at telling his story...this is the most terrible explanation of what happened ....he took an hour to tell a story that could have been told in less than 3 minutes
he is a waffler. and truly annoying
he made money in crypto and drew half a mill out...and put it in his bank account...and they froze it ...and took him to court for non payment of taxes.
thats it.
Maybe it's not all true.
I can't know...
I’m assuming English isn’t his first language but chill damn
i agree, i was like 5 minutes in and couldn't tell why he was in trouble all just to find out it was because of tax evasion😑
Super interesting interview
I agree with this guy.
We take huge risks and the government wants to take part of it? Thanks basicly so unfair, I will become fully descentralized once I can
He could have just bought real estate in Dubai with crypto and washed his money that way. Dude got greedy by cashing out such a huge amount.
I had 12,000 Luna that I paid $0.60 per Luna. Was worth $1.25m at ath. Had it staked, was locked for 14 or 21
Days if I remember. Anyway, after the bull run I left the market with $13,000😢
At least u only lost unrealised profit. Many people lost millions of their life savings because of it!
Good advice, dont trade time on crypto for ur life meanwhile me listening to this at 12h shift
I feel that the US gov will eventually crack down on meme coins. only the federal reserve can print money lol
they are the criminals, not us
most of meme coins are made for fast scam, only btc, etherium are real. If I was the govt, I'd stomp and delete all trash meme coins.
where can we find him to support him?
He was probably lying during the interview
@@HandsomeFinancehow so? How did you find out
How is bro casual 💀💀 Really dope tho, amazing channel and amazing guest!
So this guy don't want to pay tax and there for they took him to court wow that's shocking 😂
I was surprised as well lol
What is TMs Telegramm?
its ofcourse some private group bro
great interviews man, congrats.
Always work within the law. If the law is unfair, plan and aim to legally exit and bring our capital out of your country and continue building your success elsewhere.
tnx 4 the interviews!
Hi, can you make a tutorial on gmgn? And the Chart of it looks different, it is breaking at many points
How can I find this guys telegram?
Very interesting interview. Can you share his Telegram group please?
In my view, it seems unwise to earn a substantial amount of money and then avoid paying taxes. Achieving significant financial success and nearing financial freedom, only to risk imprisonment over unpaid taxes, is a baffling choice. This is especially true if the only charge is tax evasion. Very greedy! Even if you have a million transactions, it is your responsibility to maintain accurate records of them. Modern software makes this task quite simple.
The title shouldn't be going to jail because of meme coins but because of not paying taxes...
bro just didn't want to pay his taxes. whining about how taxes for crypto are unfair doesn't help you at all
Bro thinks his words are so powerful that the irs will bow down in front of him and declare all of his income tax free.. avg crypto bro basement dweller that has no clue how finance works, made some quick bucks and got fucked over by the taxes since he probably thought they will no check anything.. after that he blames all the whales in the business that have experienced accountants etc. that know how to deal with taxes and get the most out of your money.. this guy is the pure example of living at home with his parents and being an uneducated fuck lmao
Great interview
Could You create a video How can we off ramp Or cash out money when we make profit via Crypto Memecoins ?
TM is based af
yes right you are young thats why they did that they can do it to someone already knows how it works and already rich
What's this guy's name ??
The one you're interviewing
Der Bruder hats geschafft, deshalb macht Vaterstaat Auge...
Who is this guy?
sum German
@@dadulli lmfao
@@dadulli He also drives a "German Whip"
@@dadulli And lives in a "German House."
Interviewee is trying to make it sound like they’re going to come after you for winning, when in reality is you just need to follow the laws…
Now that Bitcoin etf is approved,
What is the best strategy to enter crypto trading for someone with more or less than $5,000 to invest?
As a beginner, it's essential for you to have a mentor to keep you accountable. I'm guided
by a widely known crypto
consultant
Stephanie Aaron Trentham
This is correct, Stephanie strategy has normalized winning trades for me also, and it's a huge milestone for me looking back to how it all started..
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
Yes, I agree with you. Her platform is wonderful, and her strategies are exceptional
this is fuckin sad. Like can man make money. Unfair.
This guy is a known grifter, he was never going to jail. Just engagement farming
I saw that. The day before he went to jail he made a goodbye post but literally the next day he pretended that he fled to Dubai.
And they say why people don't pay taxes
I will have to pay 50% on my gains on meme coins in Germany. They do not treat it as income on capital gains but as private sales transactions to which the income tax rate applies.
Who declares his meme coins to the government lol
Lost 75k in Luna 😂
So did he pay his taxes? Or is the reason he got "nabbed" is because he didn't pay them?
Lol if he going to jail for not paying taxes cmon. Just pay your taxes.
Wait.. you can go to jail for trading crypto?? Like if I only have one wallet and not multiple I could still go to jail?
No. Just pay your taxes
Just don’t trade memecoins only invest
3-5 millions is no longer f#ck you money. You need much more nowadays
4 million into the s&p is 280.000 a year on average lmao. you re delusional
@@frido_lino treating s&p like guaranteed gains is tarded as hell
Morale of story. Avoid shitcoinery. Buy Bitcoin and live in a Bitcoin friendly country. Simple.
Kiss me Antoine
LMAO
Next guest lol
Makes you wonder what they might find when investigating hes wallets 🤔
Dude should have moved out and get a new tax residency. If he is a US citizen he’s fked. Needs to get a new citizenship and revoke US passport
10 hours per day in train?
He could’ve easily afforded a lawyer and accountant lol
stop staring at me PLS
Just swap everything to monero and run, fuck the government
His problem wasnt taxes , his problem was that he made money from illegal activities like doing Rug-Pulls and scamming people and police likely noticed it when he tried to cash out. Withdrawing crypto profits made legaly is not an issue
TBF sentence that he got is light , if he had done same things in the stock he market he would likely get lifetime sentence
That’s just false. He bought meme coins - they are no different to coins with utility lawfully.
Is that true? How do you know?
@@CryptoLTP5 If you made money trading just sent them your wallets and hire professional to prove it by calculating all your returns and trades
Issue here is likely that he was involved in creating Rug Pulls and insider trading
How do u kno
@@patrickvaughan432 he doesn't know what he's talking about
lol I can see the moments you lose brain cells doing this interview and having to listen to the answers! 😂
Somehow, Retardio comes to mind.. 🧐
2 words “Get out”
damn - don't drop the soap
how not to interview sone one.Jeez man.Let the man talk and stop interupting.
Sorry about that.
Some other people seems to like it
Just said the same, keeps interupting with shit jokes and derailing it.
i'd rather waste time paying the tax and avoid years in prison. when i stay at a club i pay an entrance fee...if you want to stay in a country pay for the entrance
Why didn't this guy gather information beforhnad cashing out???? SMH he could try to launder money in online crypto casino or something
Thats exactly what i was thinking. Before even PRESSING THAT WITHDRAW button.. Id be rethinking my entire life from that moment forward haha As CJ says " Ahh shit here we go again " hahaha
if its all on an exchange on a ledger can u just give them your api? this is my first real bulll
Dude I’m sorry, just pay the tax like the rest of us. If you make 600k pay your tax. If you evade it you will get caught!
Simple as that.
@@heyjude2109 Haha, I was worried for a sec that you could get in trouble for simply trading coins.
Just pay the tax first, and then move out to a more crypto friendly country and bring your capital out, to avoid legal trouble. You can then then in crypto in peace.