/biz/ - Business & Finance

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>>10266321
obviously tezos is better tech and its only in beta.
but they say their code was pretty much ready during ico. so they had a headstart. ada just popped outta nowhere imo

>>10252416
This anon is right. Trading crypto to crypto is a taxable event.

Example:
Buy 1 btc for $2000
Price shoots up to $20 000
Trade the bitcoin (now worth 20k) to link

You have now just realized $18 000 gains and have to pay tax on those 18k.

All your gains and losses are added by the end of the year and taxes calculated. The calculated tax is LOCKED and have to be payed no matter what happens to the price of your crypto-holdings next year.

This is how it is in the US, and Norway wich I'm from.

I could trade my coins now to realize the loss, then I will get a tax deduction next year. But that doesn't help me now. Hopefully I'll be able to loan the money from my parents

>>9648996
pls gib, I don't understand this stuff