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0 sats \ 10 replies \ @klk OP 11 Apr \ parent \ on: How do you prevent a taxable event by moving Bitcoin? bitcoin
You are totally right. But hear my case. What if you were doing arbitrage between CEX and P2P DEX (paid in fiat). Of course coninjoining in between and separately from your stack. The profit margins are just too high and after all someone needs to add liquidity to those kind of DEXs.
Because of the fiat payments, there's a high chance the bank snitches on you and someone comes asking questions. How do you justify those? And of course there's the trace of buys in the CEX anyway. So I would like to find the cleanest way of doing this and don't particularly care about paying taxes for those gains (because the risk of not doing so is not worth it).
If it was only buying Bitcoin on P2P DEX it would be stupid to declare anything of course. But this case is different. Or am I missing something?
doing arbitrage between CEX and P2P DEX (paid in fiat)
TOTAL BULLSHIT FIAT MAXIMALISM !
FUCK THAT SHIT !
That's not a case, is total idiocy. GTFO.
I hope that you get taxed so hard that you will have to sell your pants for that shit.
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I don't see it that way tbh
BECAUSE YOU ARE A RETARD
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How did you get your coins then? Look, you are being super dumb but I know that you aren't. You've created a lot of helpful content and I'm sure you could educate me and other users if your replies had more depth than “you are a retard”. I got the point, now please explain why.
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I EARN them.
Demand to be paid in BTC, not fiat.
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Please @DarthCoin what other earning methods do you use for accumulating your btcs aside write2earn?