Sold car, laptops, phones and took 10,000 credit. All in Shiba.

Stitches and Burns

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With the amount of money he put in, it's hard to hodl. So I only invest what I can afford to lose and hodl for as long as it takes.

I now have 5 million shib and hoping it hits 1 cent lol... a man can dream.
 

Gogame1

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Even through he sold Shiba he invested in one another token and made high profit.
 

TheVigilante

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Do I have to pay for the whole amount or just profit? Accountant can help in reducing the tax?
Depends on the amount I will get back to you with the details just remind me if I forget
 

Razentyler

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What kind of stupid tax regime is that? In all countries I know you pay taxes on profit.
Might be yeah,Wasn't aware that it works with crypto too!
 

Songhort

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Might be yeah,Wasn't aware that it works with crypto too!

It usually does. Otherwise, the taxes you have to pay would regularly be higher than the profit you made. There are a few countries where you can't fully deduct expenses for certain financial instruments like CFDs, but fortunately that's rare, and if you trade spot crypto instead of futures etc., I don't know any case (doesn't mean it doesn't exist).
 

PPC_ORBIT

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Fingers-crossed..!!
 

Nocan

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The thing is our IDs are linked with these platforms so indirectly they know better pay tax and stay relaxed
Localbitcoins accounts go for $50 on Russian forums
Sold over $20k worth of crypto for cash without a problem
 
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