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RE: Crypto Trading Vs. Investing: Key Distinctions (And Tax Implications) To Strategically Decreasing Stress And Increasing Profits... [Part TWO]
This is a big problem with taxation..."pay double to support the government's wars, corporate subsidies, and other inefficient programs that probably don't align with your moral values." This is why I got into cryptos. Take the power away from the centralized, oligarchs and give it back to the people. Hopefully soon I won't have to cash out into fiat and I can avoid double taxation. I pay plenty of taxes from my salary, sales tax, etc. As of trading...they say 90 percent of people lose money day trading. I prefer mid term to long term holding, but sometimes if things line up properly, I will go for the short term day trade. Nice share
It's mad, I didn't see things like this. I'm a Business student in a United Kingdom University, making music and kind of trading/HODLing, and I don't pay taxes (yet) so I didn't even ask myself the question about this. I just pay all those fees from buying from X market or exchanging on Y exchange platform.. Buying BTC with fiat is such a pain.
Great value comment though!