auf der Rechten. Tät als wie ein Löwe fechten.
Joined November 2021
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When the ETFs begin trading...
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Update on spot bitcoin ETFs…
“Sources close to the proceedings say the SEC could begin notifying issuers of approval on Friday with trading beginning as early as next week.”
via @EleanorTerrett
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Prinz Eugen, der edle Ritter 📚 retweeted
The obligation applies to *individuals* if they receive $10k+ in the course of their trade or business, not just "businesses." So, if I'm a miner (even as an individual) I'm covered. Also, if I'm a day trader (even as an individual) I'm covered. If I'm an NFT artist it would also cover me even if I don't have an incorporated business, etc. Again, it is not just "businesses" that must comply but individuals too if they receive the funds in the course of their trade or business.
That all said, what constitutes "trade or business"? Well, it's not exactly clear from Treasury guidance to date. No clear bright line rule that I can find. We point this out in our lawsuit:
And also in the report we published a while back:
Imagine holding a Bitcoin ETF in an IRA.
No capital gains tax.
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i dont even understand why yall are trying to psyop yourselves into thinking the etf shit is bearish, bro the largest asset manager in the world is backing a spot bitcoin etf and shilling it on national tv to everyone with a fidelity account
what the fuck more do you want?
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Would be a regulatory headache, but interesting to see if it could be implemented.
No one is paying $50 transaction fees to trade stocks on $ETH. Why would I, when I can trade from my brokerage account with fees of $0? But on $SOL, transaction fees ARE essentially $0.
🚨BREAKING BIG : @JupiterExchange Co-founder just hinted that soon you will be able to trade stocks, forex, and commodities all in one place on Jupiter Exchange
Know which assets you are TRADING.
Know in which assets you are INVESTING.
$JUP is for investing, degens. Its price may fluctuate (up or down) in the short-term. Do not let this distract you. Be patient. HODL.
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Prinz Eugen, der edle Ritter 📚 retweeted
I can't wait until AI can do my crypto tax returns.
in the next couple of years, someone will release a free AI capable of doing 95% of all US tax returns
it will decimate the tax prep industry, and then the gov will finally simplify the tax code (which has only been kept onerously complex because of tax industry lobbying)
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The below remains my view regardless of whether @solana spot price today is $70, $90, $100 or $140
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Banana Miner is good for one thing only. Take a look at the accounts shilling it. Never trust them again.
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