How To Put Bitcoin & Other Cryptocurrencies Into An IRA
![](https://steemitimages.com/640x0/https://dollarvigilante.com/wp-content/uploads/2017/12/cryptoIRA_done.jpg)
When it comes to government, The Dollar Vigilante has been quite clear that our view is that government is an illegitimate and unnecessary evil.
And, we’ve been even more clear on our view of extortion or as the illegitimate government calls it, “taxation”, with our article, “A Letter To The IRS: Go Fuck Yourselves You Bunch Of Criminals.”
However, we are aware that the great majority of people today find themselves being enslaved and extorted and try to find as many ways around it as possible. And, we applaud any attempt to avoid being extorted in whatever way you deem necessary.
One way to at least defer this theft is via an Individual Retirement Account (IRA).
In this interview I spoke with Gus Demos of Perpetual Assets where we discussed how you can put cryptocurrencies into your IRA and why it is an excellent way to protect your retirement funds from hyperinflation and collapse.
We talked a lot about how important it is to your future to move funds from a standard IRA to a self-directed IRA and how you can hold many assets in the self-directed IRA including gold, silver, real estate and cryptocurrencies.
Gus Demos will be presenting at the upcoming TDV Internationalization & Investment Summit on February 19th in Acapulco, Mexico. And, he’ll be there for the entire week at Anarchapulco so you could even find time to sit down with him and plan out your financial future.
With so many of our subscribers having massive gains this year in cryptocurrencies we will also have two other speakers at the TDV Summit focused on helping them to avoid extortion as much as possible.
One of the speakers will talk about putting cryptocurrencies into a trust and the other will talk about how Americans can move their residency to Puerto Rico to avoid extortion.
The Summit is filling up fast so if you’d like to attend make sure to register soon HERE.
And, if you haven’t participated yet in the cryptocurrency boom, make sure to subscribe to the TDV Premium newsletter HERE before 12pm Eastern on December 24th when I’ll be recommending my next cryptocurrency pick.
![](https://steemitimages.com/640x0/https://www.dollarvigilante.com/wp-content/uploads/2016/08/Jeff-Berwick-The-Dollar-Vigilante-Steemit-Bio-1024x221.jpg)
OT: would like your oppinion on this argument:
https://steemit.com/nap/@lasseehlers/philosophy-is-dating-or-marrying-a-single-mother-violating-the-non-aggression-principal-nap-here-is-my-argument-for-a-yes-to
These type of actions are smart and will honestly increase bitcoins price as less and less are traded and more are stored. Store of value what BTC wanted all this time
An IRA seems like the most logical response possible to money. It is rational and unwise to just let them remain as bitcoin. No?
Hmm sounds interesting, IRS might be a very wise decision. I'm going to have to look in to that.
Hi! Merry Christmas to you. I'm pretty new here on steemit and I did this special articles for you kindly Check out and upvote please. I will also be glad to see your response. Thanks a million!
https://steemit.com/christmas/@basonrich/reach-out-now-now-is-the-time-20171224t223616623z
And
https://steemit.com/minnowsupport/@basonrich/seven-keys-to-having-a-magical-christmas-ever-20171225t43634139z
I'm not entirely sure I like you advertising yourself here. I see this same post here down below. you may actually risk lowering your reputation if you keep this up. Not trying to put you down, but I came on to Steemit to try to move away from this kind of behavior.
I might be of the subject. I think some might have to know this before the end of the year. Please help to spread awareness. Starting 2018 all crypto transactions are taxable events
![tax crypto.png](https://steemitimages.com/640x0/https://res.cloudinary.com/hpiynhbhq/image/upload/v1514078347/xkium08crnbmpmbeylqx.png)
Source
I've been reading up on declaration of steemit earnings and gains from crypto trading as taxable income / transactions a lot today and I've read many state the opinion that even for tax year 2017 coin for coin transactions are taxable events, because you're settling a position in the currency you're trading for another coin and the government wants its cut of that. However, they haven't made clear law yet but could retroactively enact this rule. I think the govt would go after the new millionaires first but it does make me nervous because I've made over 100 trades this year. What a headache if I have to file that sh**
But does anyone else know you made those trades? This could get ridiculous for day traders, or stop swing trading at all... Decentralized exchanges better get their shit together, openLedger.io is the one I have been trying...
One day they will force us to pay taxes on our taxes...
https://steemit.com/life/@ragetester/you-know-the-system-is-broken-when-you-are-taxed-2x-from-your-pension
Exactly. I have written about this extensively, The IRS/courts didn't consider gold and silver to be like kind property and also doesn't even consider certain types of gold to be like kind in certain situations; therefore long before the tax reform change to limit the scope of what can be "like kind," most crypto trades were probably not like kind. This is not personal tax advice of course!
does that mean that excludes 2017 for everything?
I am worried about quantum computers breaking the encryption that blockchains have.
if you're worried about quantum computers, blockchains being hacked should be the least of your worries.
haha, you are right:)
good post safety is very important
BTC ia a store of value already,, and with lots of people holding BTC and newbies joining the truck, there will be only few BTC to trade so the price will go more than anyone expected just like what happened in this Cold December
Hi! Merry Christmas to you. I'm pretty new here on steemit and I did this special articles for you kindly Check out and upvote please. I will also be glad to see your response. Thanks a million!
https://steemit.com/christmas/@basonrich/reach-out-now-now-is-the-time-20171224t223616623z
And
https://steemit.com/minnowsupport/@basonrich/seven-keys-to-having-a-magical-christmas-ever-20171225t43634139z
@dollarvigilante Thank you so much man! I do agree! The government is the only legal gang in society. Lol. My income is already taxed so I don't get why I have to pay taxes on anything else. They're taxing my already taxed money lol. I'm literally borrowing my own money. Like atm fees make me buy my own money. Hilarious.
Thank you once again for this information, truly helpful and essential in order to avoid theft they call taxation.
Needless to say I resteemed this so I can watch it again and again in the future.
Highest Regards
@lordneroo
Wellcome to Steem account @nyeinchan.Your upvote.
Please help me.
My live in Myanmar.
?
What people really need to know about cryptocurrency investing is it’s not just high risk in terms of volatility It’s high risk in the sense you’re dealing with a bunch of really weird nerds