Replying to Avatar Capybara

Many ways to do it. One way would be buy bitcoin, wait for it to go up against the dollar, sell that bitcoin. You could do the same with euro, British pound, Swiss franc...

Just know that depending on where you are, you may have to pay taxes on the profit you make. Say you spent 100 dollars to buy Swiss franc, then sold it for 150 dollars, you'll have to pay taxes on your 50 dollars profit.

Also remember to never bet against the US in the long term. If you're very skilled you can make some money betting against any currency, but most people just lose money.
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Kayne 5mo ago

That's interesting, I already do this but with usdt tether instead of USD.

No taxes, I'm not selling it I'm just swapping it between other crypto currencies on an exchange and withdrawing the sats to spend as money/save rather than selling it for currency.

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Capybara 5mo ago

Yeah, basically everybody that buys bitcoin is shorting their currency.

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MoMeezy ϟ 𓅦 ₿ 5mo ago

be careful. swapping between cryptos is taxable. you are mistaken that it isnt.

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Kayne 5mo ago

I should double check just to be sure, but it's only taxable here if I sell it.

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Kayne 5mo ago

Well fuck me.

They changed it this year.

You're right, it's taxable now, even if I don't withdraw money or spend the crypto.

Actually says that I must keep a detailed record of every swap for every "crypto asset"

This is new.

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MoMeezy ϟ 𓅦 ₿ 5mo ago

in what country?

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Kayne 5mo ago

Wow.

So if I sell, spend, gift, trade swap or convert to a different currency it's taxable.

Lol fuck them.

I guess I just won't be doing it anymore.

Zionist scum doing everything they can to bleed us here.

https://cdn.nostrcheck.me/2cf4388457da8b0ac08868bdbf68f1c95db0a04a8636aed2b53925f50cab856a.webp

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MoMeezy ϟ 𓅦 ₿ 5mo ago

ya they are scammers