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<blockquote data-quote="wjschmaltz" data-source="post: 161393" data-attributes="member: 6150">I've been in crypto for several years and never had a taxable event.&nbsp; Get it onto decentralized exchanges.&nbsp; That's the whole point.&nbsp; When BTC tops out, I simply convert it into a stable coin such as USD coin or Tether and it puts it into a fixed value matched to the USD.&nbsp; So as other crypto is crashing, my money is locked in at a fixed value and it's still in crypto so I'm not taxed for &quot;selling&quot;.&nbsp; That's why you need to own your keys and don't buy on places like Robinhood.&nbsp; Robinhood doesn't own crypto so you can't send it to another wallet and you can't convert it.&nbsp; Your only option is to hold it until you sell; which in turn creates a taxable event.&nbsp; People just don't understand this stuff and refuse to learn.&nbsp; It all makes sense when you put in the research and understand it.&nbsp; After a decade of people trying to poke holes into this technology, there is a reason crypto is still growing exponentially.&nbsp; It's a brilliant system.&nbsp; Take the red pill.&nbsp; Financial institutions don't understand it yet, but they are coming fast.&nbsp; I promise you.&nbsp; I can stake my stable coins and lock them in at 8-10% APY.&nbsp; Some are more and as those emerge and become better tested, staking % across the board will keep increasing.&nbsp; Financial advisors have no option but to get on board or they won't exist in a decade.&nbsp; The whole point of being involved now is beating all that big money into the space!&nbsp; ETH and BTC are pumping and it's still the beginning of the week when it typically likes to pull back.&nbsp; I personally think this is front running some sort of major news coming and big money with inside knowledge is locking in.&nbsp; I'm guessing the Grayscale ETF is coming very soon and word is out.&nbsp; I personally think the next couple of months are about to be absolutely wild.</blockquote>

[QUOTE="wjschmaltz, post: 161393, member: 6150"] I've been in crypto for several years and never had a taxable event. Get it onto decentralized exchanges. That's the whole point. When BTC tops out, I simply convert it into a stable coin such as USD coin or Tether and it puts it into a fixed value matched to the USD. So as other crypto is crashing, my money is locked in at a fixed value and it's still in crypto so I'm not taxed for "selling". That's why you need to own your keys and don't buy on places like Robinhood. Robinhood doesn't own crypto so you can't send it to another wallet and you can't convert it. Your only option is to hold it until you sell; which in turn creates a taxable event. People just don't understand this stuff and refuse to learn. It all makes sense when you put in the research and understand it. After a decade of people trying to poke holes into this technology, there is a reason crypto is still growing exponentially. It's a brilliant system. Take the red pill. Financial institutions don't understand it yet, but they are coming fast. I promise you. I can stake my stable coins and lock them in at 8-10% APY. Some are more and as those emerge and become better tested, staking % across the board will keep increasing. Financial advisors have no option but to get on board or they won't exist in a decade. The whole point of being involved now is beating all that big money into the space! ETH and BTC are pumping and it's still the beginning of the week when it typically likes to pull back. I personally think this is front running some sort of major news coming and big money with inside knowledge is locking in. I'm guessing the Grayscale ETF is coming very soon and word is out. I personally think the next couple of months are about to be absolutely wild. [/QUOTE]

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