Texas man indicted for failure to report crypto gains

Discussion in 'Crypto Assets' started by BMK, Mar 5, 2024.

  1. No. Sort of like now. Mostly "hopers". :) Couldn't be "rich" traders... some of the Bid/Ask prices had zero contracts listed.
     
    #21     Mar 5, 2024
    SimpleMeLike likes this.
  2. Really?

    From you experiences and opinion, why do you think right now there are no rich ES retail traders? Many struggle and have some frustration.
     
    #22     Mar 5, 2024
  3. Just like always. A low percentage "get it" and prosper. The rest are trying their best to figure it out.
     
    Last edited: Mar 5, 2024
    #23     Mar 5, 2024
    SimpleMeLike likes this.
  4. I perfectly understand. I understand.
     
    #24     Mar 5, 2024
  5. The basic concepts of "Price TA" are as they have always been...

    "Buy Support
    Sell Resistance
    Chase Breakouts... both directions
    Trade with stops"

    But there are other challenges... mostly the ones between a trader's ears.

    "Get 'em mostly right"... and it's like finding money in the street. Screw something(s) up and it's a struggle. Never going to be any different.
     
    Last edited: Mar 5, 2024
    #25     Mar 5, 2024
    Lou Friedman and SimpleMeLike like this.
  6. BAT31

    BAT31

    Absolutely. For that (a couple thousand). The IRS would just adjust the taxes owed and send a bill with interest. I plead the fifth.

    One more thing. If people don't want to pay taxes on their gains, then they should consider moving to a country that doesn't tax capital gains, or at the very least ones who charge a low flat rate.
     
    Last edited: Mar 5, 2024
    #26     Mar 5, 2024
  7. Hello Scataphagos,

    Everything you said is correct. I agree with you fully.

    I mean, there is no option.
     
    Last edited: Mar 5, 2024
    #27     Mar 5, 2024
  8. d08

    d08

    Should have just opened a storage box in a bank and stored the cash.
     
    #28     Mar 5, 2024
  9. There is nothing wrong with putting young hard working people in prison. Prison is the american way. Hard Times is REAL. Soon, the black vans (electric vans like Amazon prime) will be loading crypto traders and taking them directly to federal prison.

    Crypto Courts is now REAL. Crypto Lawyers, Crypto Judges, Crypto Bail...

    CellBlock Coin... CellBlock.X --- yes..you can pay bail with CellBlock Coin
     
    #29     Mar 5, 2024
  10. BAT31

    BAT31

    I had go back and read the article instead of scanning it, because I thought he sold it on the exchange. But no, he sold it to an individual. So, yes, he should have stored his money in storage box.
     
    #30     Mar 5, 2024