So lets say it’s EOY and LINK is $1,000 or whatever the price you plan to sell your coins at ... what then?
LINK to BTC to Coinbase ?
LINK to XRP to one of 22 fiats?
LINK to upcoming trading pairs?
LINK to ...?
Since you can’t buy a Lambo or pay a bill at the restaurant just yet ... what’s the plan?
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Stake it and wait for $10k
Lol no fucking thanks. You realize were on the cusp of the biggest financial disaster in human history?
If link hits 1k it's all going into silver for me. If.
At $1k move my stack into XMR
This!
How many have you got brother?
>You realize were on the cusp of the biggest financial disaster in human history?
Yeah for ZOG fiat funbucks. Crypto is literally the best alternative once hyperinflation takes off.
>b-but without ZOGbucks civilization will collapse
Well then your silver will be useless for the next 100 years and you should be buying guns and food and seeds instead.
55k
Link to BTC to Bitmex to bank account, btc to apmex to gold, localbitcoins, coinbase, payfare ect.
Hedge bro. It isn't an either or situation.
22k here hoping to get to 50k
Ehat was your buy in price?
STAKE IT TIL YOU BREAK IT
Btc, coinbase, vouchers
No taxes for me
Vouchers?
You must be a poor fag because I wouldn't want 100k in vouchers
That's just bourgeois materialistic bullshit though. What about groceries and mortgage payments? Taxes are incurred on every trade anyways, including from Link to BTC.
By the time LINK sees wide adoption and hits high enough for me to sell it will be on Coinbase
I'm not really serious, I didn't even look at that page until I posted it, just had an email about it the other day. also
>Taxes are incurred on every trade anyways, including from Link to BTC.
lol
Ammo and water. Need to stockpile both.
Keep in BTC, Tether or equivalent, or gold/silver.
Or do you mean how to cash out? Because you literally can't cash out any meaningful amount of money without the IRS/HMRC/equivalent breaking down your door and assraping you until you give them 60%.
Why not? The IRS isn't omnicient, if you do it right they prob won't catch on
Doing it right involves moving small amounts of money lots of times to many different accounts. You'll never get enough to buy say a house.
With bank reporting, the IRS is pretty omniscient. Best bet is a foreign bank account.
Capital gains is very far from 60%, even a short term hold.
I think CB will have it on their exchange probably EOY. They’d be foolish not to after everything that is supposed to occur Sep/Oct.
Bittrex is adding it as well I believe.
I wonder how soon we will be able to just go pay for gas with crypto or pay off our mortgage .... don’t think it’s that far off... maybe 2 years?
Thanks for all the great info.
true but this hasnt happened yet. irs is years behind. they just hope people play by the rules.
Yes. They are behind. However, I’m not interested in renting a house. I want to upgrade from mine at some point and even the IRS can figure that one out. Or if you want the nice car that you need to register plates on.
I’m sure everything will present itself in its right time and the more info the better, so able to make the best decision.
>selling Link
>chasing fiat
Are you insane? Mortgage companies accepting cryptocurrency within 2 years? EOY is in 4 months, coinbase isn't adding Chainlink in that span. Good luck to them adding anything in that span.
maybe if one crypto rose to rule them all, but that hasn't happened yet. All crypto has ever really managed to be is a secure digital placeholder for USD.
Where are you getting 60% from? You hold for a year and you are set at like 15% or so.
How can you be so smart and also so stupid?
Just withdraw 5k per month to four different banks. You can easily live off of 20k per month.
this is wonderful
That's money laundering and tax evasion desu
>convert link to eth/btc
>long term capital gains on trade, 15%
>convert that eth/btc to fiat
>short term capital gains on trade, 40%
Congrats on losing half of your money because you wanted to use shitcoins
lmfao this isn't how it works.
Every currency trade is a taxable event.
I’m thinking the same although we’re probably wrong
huurrrr what are the caps gains on holding ETH for 5 minutes while you transfer it? How the fuck is the IRS gonna find out?
If you’re cashing out large amounts, they will be checking. You’re naive. We should all pray for a Link->USD option to exist soon.
>user suddenly has over a million dollars withdrawn to his bank
>giant automatic red flag goes off to IRS, they're not just gonna trust your shady self reporting on how you got that money
>they check how much you put in crypto from your bank records, then compare to how much you pulled out
They'll know you're lying if you just say 'lol I invested in ETH, how will they know???'. By the time LINK is mainstream enough to be successful, crypto will be mainstream enough that the IRS will see straight through any Jow Forumstards feeble excuses.
PAY YOUR 50% CITIZEN
You god damn bonobos its 15% on longterm capital GAINS. So if I used shitcoin ti transfer out and in the 5 minutes before it turns to fiat btc goes up then I have to pay 40% on whatever the GAIN was on BTC going up.