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494
• (edited ) (+8/-0)
Taxes.

Sad to say but it needs to be mentioned. I'm not much for stocks but I have handled some crypto and like it more or less. Thing is Crypto trading is pretty much dead with the 'crypto is property' rule.

The only silver lining I see is the lack of a 'wash sale rule' which is actually cool. If you have crypto that is down you sell it then immediately rebuy itand can book the losses. Even if they are only losses for a moment. Sucha dangerous game though, I just choose the abject poverty method of tax avoidance Instead.

Ofcourse there are privacy coins and such but that is a dangerous game. Fatca stops the foreign transaction stuff by just doing it overseas. Idk. I just won't give away half my crypto bag to my slavers and torturers. I would rather never even touch it.

Sad to say but it needs to be mentioned. I'm not much for stocks but I have handled some crypto and like it more or less. Thing is Crypto trading is pretty much dead with the 'crypto is property' rule. The only silver lining I see is the lack of a 'wash sale rule' which is actually cool. If you have crypto that is down you sell it then immediately rebuy itand can book the losses. Even if they are only losses for a moment. Sucha dangerous game though, I just choose the abject poverty method of tax avoidance Instead. Ofcourse there are privacy coins and such but that is a dangerous game. Fatca stops the foreign transaction stuff by just doing it overseas. Idk. I just won't give away half my crypto bag to my slavers and torturers. I would rather never even touch it.

(post is archived)

[–] • 2 pts

paying taxes is for morons, put your savings in physical gold and bitcoin held on a private wallet, and you will look poor to the douche rs.

[–] • 1 pt

Pretty much is what I do. So my crypto goes up a million% and I'm Tired of holding that stopsign on the road crew in the winter... (what millionaire would do that shit!?) but if I sell it I lose half. The only way out is to give up my US citizenship and go hide amongst the niggers. Literally no other way without massive tax crime risk.

[–] • 0 pt

nah, move to puerto rico and rent or buy, then you can cash out with zero income tax without giving up your citizenship.

[–] • 0 pt (edited )

Tell me moar. Do I have to physically remain there? What if I sit in the bay on a boat? Just rent a boat slip with an address then rent it out 90% of the year?

https://globalexpatadvisors.com/puerto-rico-taxes-how-to-benefit/ reading this now.

This means that moving to Puerto Rico will not shield you from paying taxes on capital gains or passive income earned before becoming a resident. No matter if you want to exit your company with a big distribution or have amassed huge capital gains, a one-year residency in Puerto Rico will not make any difference in your US tax burden.

Naw bro. It doesn't appear to work that way.

[–] • 0 pt

I do own physical gold and silver. However that is a dead asset. It doesn't pay dividends or interest. It can be a great hedge against inflation, but even that isn't as meaningful as it used to be since people are using bitcoin to hedge.

PMs should be part of your savings/investment strategy, but they shouldn't BE your strategy.

[–] • 0 pt

Agreed, Gold needs to be put to work. I would reccomend Agriculture and/or Energy.

[–] • 1 pt

Do what the Mormons and Jews do. Start a religion and put it all in the church's assets. Other non-profits work, as well. Save the Dogs. Save the Trees. Whatever.