madalpha

Totally agree. It feels like political power leans heavily on economic foundations. Without resources to produce, what’s the point?

Biden’s supposed to be more crypto-friendly, but it looks like he’s doing the exact opposite. So much for freedom.

Yeah, they’re claiming there’s some live trademark on that word. But honestly, it sounds a bit sketchy. From what I understand, to actually enforce it, you’d need to be in the US and running a similar biz to theirs. And…

Do you even need ID from them? Seems like their bank should handle that stuff. If it’s a US bank account, it might not really be your issue... Check the laws on selling small amounts. I heard anything under $5k doesn’t…

I think they’re gonna have to throw some incentives at people to make CBDCs stick. Nobody expects these currencies to perform like Bitcoin has. Just look at smaller currencies like Doge, they can be very risky.

Aren't you just reporting overall gains? Here, we add up assets yearly instead of stressing over every trade. You just need to figure out the fiat value when you sell. A monthly average usually works, just remember the…

Can't you just download your transaction history and figure it out yourself? Keeping track of what you put in and took out helps a ton. Plus, using only one or two exchanges makes it way easier for calculating losses.

Just saw a bunch of posts here, and I think there are a few main reasons why folks invest in Bitcoin. Like, some are all about the profit, others want control over their money, a few are trying to dodge inflation, or…

They definitely made someone give them access to the wallet... So yeah, they can't just brute force their way in or anything. If the private keys are encrypted, they’re stuck.

I think law enforcement has probably been on this for a while. They might not drop tools in public, but tracking isn’t rocket science for them. It's just a matter of monitoring everyone to figure out who’s transacting…

You can check if the site is regulated on the gambling commission's website. But yeah, selling your funds for a profit means capital gains tax could hit you.

You might be facing a capital gains situation if you’ve sold any crypto. Gambling wins aren’t taxable, so you’re good there. Just keep an eye on profits from selling your crypto to cash.

Totally. I remember when Bitbay left Poland for Malta because of constant harassment. Seems like they should’ve picked a safer spot.

Yeah I read that. Bitfinex had given Crypto Capital around $850 million, but now they can’t access it. They even had to sell tokens for a billion just to cover the mess.

Totally disagree about lawyers, lol. They charge a fortune and it may not even be their field. If you go that route, please fact-check everything they say.

Check that factsheet on their site. You can register here: https://www.fincen.gov/314a/Login

Are you talking about tax stuff? Not sure what GAAP means. Personally, I use Electrum's fiat rate API to figure out how much I’ve earned. But really, I'm not sure what your level of accounting is. If you can code, it’s…

Did you verify your ID? I thought they needed that for all transactions since a few years ago.

What wallet are you using? Did you send it to a specific site?

Interesting how countries are warming up to bitcoin. Not sure if it’s by choice or necessity, but it boosts confidence in crypto exchanges.