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Doge Coin CREATOR says he's NEVER EVER coming back to Crypto 🐶 🐶🚀🚀🌚🌚



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 10 months ago '05        #201
Y.G. 
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Not surprised to see Bitter Broke Bilal747 still in here wrong as usual. Now his new thing is to talk about potential taxes on earnings. Dummy even thinks you pay taxes on losses.

Dude is little more than aging attention wh*re. If you take any of his financial advice, you deserve to be as poor as he is.
+4   

 10 months ago '17        #202
justin747  topics gone triple plat - Number 1 spot x5 OP
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 Y.G. said
Not surprised to see Bitter Broke Bilal747 still in here wrong as usual. Now his new thing is to talk about potential taxes on earnings. Dummy even thinks you pay taxes on losses.

Dude is little more than aging attention wh*re. If you take any of his financial advice, you deserve to be as poor as he is.
Tag me or quote me next time so I know to reply instead of side texting like a bi*ch








The crypto market is down 46% from its all-time high in May, but shrewd investors are celebrating the dip in prices.

Because the IRS classifies digital currencies like bitcoin as property, losses on crypto holdings are treated much differently than losses on stocks and mutual funds, according to Onramp Invest CEO Tyrone Ross.

With crypto tokens, wash sale rules don’t apply, meaning that you can sell your bitcoin and buy it right back, whereas with a stock, you would have to wait 30 days to buy it back.

This nuance in the tax code is absolutely huge for crypto holders in the U.S.

For one, it paves the way for tax-loss harvesting.


“One thing savvy investors do is sell at a loss and buy back bitcoin at a lower price,” explained Shehan Chandrasekera, a CPA and head of tax strategy at crypto tax software company CoinTracker.io. “You want to look as poor as possible.”









Can You Write Off Crypto Losses On Taxes?


Yes. Cryptocurrencies such as bitcoin are treated as property by the IRS, and they are subject to capital gains and losses rules.

This means that when you realize losses after trading, selling, or otherwise disposing of your crypto, your losses get deducted from other capital gains as well as ordinary income (up to $3,000).









Bitcoin taxes can be a bummer, but at least you can deduct capital losses on bitcoin, just as you would for losses on stocks or bonds. These losses can offset other capital gains on sales. When you’re done tallying your winners and losers, you can’t write off a loss of more than $3,000.

With drastic fluctuations in bitcoin’s price happening all the time, many bitcoin speculators will have losses. If you have losses on bitcoin or any other cryptocurrency, make sure you declare them on your tax return and see if you can reduce your tax liability.

Bitcoin taxes just for using bitcoin? It’s one more reason to be very careful with the cryptocurrency.





Here is my data. If I'm wrong IYO, post your data and lets discuss.



Last edited by justin747; 08-12-2021 at 08:43 AM..
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 10 months ago '05        #203
Y.G. 
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^ This is idiot just proved my point. Bitter Broke Bilal747 clearly doesn't know anything about tax-loss harvesting, even after copy and pasting examples.

Losses on crypto can be wonderful for your tax bill if you have profited during the year. But of course BItter Broke Bilal747 wouldn't know anything capital gains.
+3   

 10 months ago '17        #204
justin747  topics gone triple plat - Number 1 spot x5 OP
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 Y.G. said
^ This is idiot just proved my point. Bitter Broke Bilal747 clearly doesn't know anything about tax-loss harvesting, even after copy and pasting examples.




Look at those goal posts moving again. First you say you can't write off Crypto Losses, now you're saying I don't understand tax harvesting.

You're just gonna ignore being wrong a comment ago.





Here's my explanation in my words with no copy/paste. If I'm wrong, post data. Or would you rather troll?


Tax Loss harvesting AFAIK is selling at a loss, then immediately buying back "the dip". You still can claim the "losses"

You sell when you're down, then just buy it right back and HODL. When you sell, you lock in the loss amount, then you can buy it right back and still claim the losses on your taxes to offset any potential future profits.

I ALWAYS say I could be wrong. Post your data and let's see if I am wrong.



Losses on crypto can be wonderful for your tax bill if you have profited during the year. But of course BItter Broke Bilal747 wouldn't know anything capital gains.
Still side texting like a bi*ch. More opinions, no data.



You gonna post some code samples today or nah? Maybe you will post your Github for once?

Or would you rather just keep arguing and side texting like a bi*ch?






Last edited by justin747; 08-12-2021 at 09:41 AM..
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 10 months ago '17        #205
justin747  topics gone triple plat - Number 1 spot x5 OP
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 Y.G. said
^ This is idiot just proved my point. Bitter Broke Bilal747 clearly doesn't know anything about tax-loss harvesting, even after copy and pasting examples.

Losses on crypto can be wonderful for your tax bill if you have profited during the year. But of course BItter Broke Bilal747 wouldn't know anything capital gains.





-2   

 10 months ago '05        #206
Y.G. 
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 BitterBrokeBilal747 said
First you say you can't write off Crypto Losses
Where did I say this? Fockin moron.

 10 months ago '05        #207
Y.G. 
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 Bitter Broke Bilal747 said





Meanwhile, Bitter Broke Bilal's job doesn't even give him a single monitor. And he has to use his personal laptop for work use. The struggle. THE STRUGGLE!

 10 months ago '17        #208
justin747  topics gone triple plat - Number 1 spot x5 OP
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 Y.G. said
Where did I say this? Fockin moron.



















Feel like posting some of your "code" today

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 10 months ago '05        #209
Y.G. 
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He's having a meltdown ya'll.
+1   

 10 months ago '17        #210
justin747  topics gone triple plat - Number 1 spot x5 OP
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 Y.G. said
He's having a meltdown ya'll.
No code. No Git as usual







-2   

 10 months ago '05        #211
Y.G. 
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 BitterBrokeBilal747 said
No code. No Git as usual







Classic deflection from Bitter Broke Bilal. Bumbling idiot starts ranting about code when he gets called out for this

 BitterBrokeBilal747 said
First you say you can't write off Crypto Losses
Still waiting for you to quote the post where I said this. Fockin moron.

 10 months ago '05        #212
Y.G. 
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Can someone please a*sist Bitter Broke Bilal in finding the alleged post that states crypto losses can't be written off? His senility is whoopin his a*s today.
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 10 months ago '10        #213
kingjab7542 
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 Y.G. said
Classic deflection from Bitter Broke Bilal. Bumbling idiot starts ranting about code when he gets called out for this



Still waiting for you to quote the post where I said this. Fockin moron.
The name change
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 10 months ago '18        #214
Bleequez5900 
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 justin747 said



















The actual Doge Coin creator says Crypto is all bullsh*t, but yall get mad when I say the exact same thing.







The Crypto Cult is gonna be slap everything I post and talk personal sh*t about me for posting this, but some of y'all are gonna wish you listened when this sh*t all falls.





I'm not hating on any Crypto winners or losers. I'm just saying at this point right now on July 15, 2021, start your exit strategy.

Take your money and get off the casino SOON. Maybe I'm wrong tho.

He prolly got a bah from the govt oreere somebody got dirt on him. Plus either way he already made his bread from it so what do he care

 10 months ago '21        #215
nocomment  topics gone triple plat - Number 1 spot x8
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 Y.G. said
He's having a meltdown ya'll.
And doge is up, it hit 50Ę he gon commit that
+2   

 10 months ago '04        #216
Sumreyez  topics gone triple plat - Number 1 spot x13
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This aged well

+3   

 10 months ago '04        #217
killadre  topics gone triple plat - Number 1 spot x2
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 Sumreyez said
This aged well

+2   

 1 month ago '17        #218
justin747  topics gone triple plat - Number 1 spot x5 OP
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 Sumreyez said
This aged well

 killadre said
It really did, didn't it.




 1 month ago '04        #219
killadre  topics gone triple plat - Number 1 spot x2
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 justin747 said
It really did, didn't it.




You must have missed me cashing out months ago for profits that paid for a bathroom remodel which put thousands of equity in to my house and paid off a car.

Things go up things go down. I won
+2   

 1 month ago '17        #220
justin747  topics gone triple plat - Number 1 spot x5 OP
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 killadre said
You must have missed me cashing out months ago for profits that paid for a bathroom remodel which put thousands of equity in to my house and paid off a car.

Things go up things go down. I won
I don't care about none of that sh*t.



Yall told me I was wrong, but yall all ended up being wrong. Own it.

 1 month ago '04        #221
killadre  topics gone triple plat - Number 1 spot x2
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 justin747 said
I don't care about none of that sh*t.



Yall told me I was wrong, but yall all ended up being wrong. Own it.
We donít care about that, we arenít emotionally attached to it, we here to catch the wave, who cares after that

This equivalent to you saying vhs will never sell itís a stupid idea when it first came out. Itís blows up, people make they bread then on to DVDs then you come say ďsee I was right vhs was worthlessĒ

Think you missed the point we believe the creator was salty it blew up and he missed out on billions. His moral compass isnít that straight, he was clearly bitter.
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 1 month ago '17        #222
justin747  topics gone triple plat - Number 1 spot x5 OP
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 killadre said
We donít care about that, we arenít emotionally attached to it, we here to catch the wave, who cares after that

This equivalent to you saying vhs will never sell itís a stupid idea when it first came out. Itís blows up, people make they bread then on to DVDs then you come say ďsee I was right vhs was worthlessĒ

Think you missed the point we believe the creator was salty it blew up and he missed out on billions. His moral compass isnít that straight, he was clearly bitter.
That was one of the worst analogies you could have come up with



VHS even at it's worst had uses like watching and recording video. VHS still has value now. All you can do with Crypto is sell it to another sucker.

13 years in an yall still can't even agree on a use-case. Sometimes it's a currency, sometimes it's an investment, sometimes it's a "store of value"

 1 month ago '04        #223
killadre  topics gone triple plat - Number 1 spot x2
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 justin747 said
That was one of the worst analogies you could have come up with



VHS even at it's worst had uses like watching and recording video. VHS still has value now. All you can do with Crypto is sell it to another sucker.

13 years in an yall still can't even agree on a use-case. Sometimes it's a currency, sometimes it's an investment, sometimes it's a "store of value"
The analogy stands and it right on cue with you and people like you.

People buy things with a dollar everyday
People invest in the dollar everyday
The dollar is sometimes “store of value”

Sounds familiar?

Fact is we won the championship while you set in the stands cheering against us

No need to reply cuz I’m done

+1   

 1 month ago '04        #224
Sumreyez  topics gone triple plat - Number 1 spot x13
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 justin747 said
It really did, didn't it.




I'm still holding
Still got money, no stress here

 1 month ago '13        #225
King2aGod 
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 killadre said
You must have missed me cashing out months ago for profits that paid for a bathroom remodel which put thousands of equity in to my house and paid off a car.

Things go up things go down. I won
That's how you're supposed to do it. Only people that win in crypto are the "paper hands". It's the idiots that "hodl" no matter what that end up getting fu*ked out of their money.
-1   



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