The problem with Coinbase and GDAX is that you can only trade a handful of coins so you end up using another exchange to convert your alts before sending them over. Would be great to have a reliable exchange that allowed shitcoin trading for fiat directly.
The only sensible tax solution would be that you pay the difference between your initial fiat investment and the amount you exchange back into the currency of your permanent residence. Making crypto to crypto trades a taxable transaction is utterly utterly ridiculous and unworkable. The other scenario that makes it bullshit would be if you bought 1 shitcoin at $1 and then another 1 of the same shitcoin at $10 after its mooned. When you come to sell part of your 2 shitcoins... what value is placed on that chunk for tax purposes? We all want to play ball here Mr Tax Man, but it will only work if you apply some common sense to the situation.
The only way this would work is to totally restrict where crypto is exchanged, which means no retail usage, no localbitcoins and no private trading. Otherwise the holder could just continue to claim he's hodling.
Crypto is far more than an asset, far more than an investment. The government thinking is brainlessly narrow on this.
Another way would be to regulate exchanges so that by law they have to automatically create a tax document linked to a users account activity. Relying on users to manually track their trades (even if their intentions are good) is extremely unrealistic.
The backup key (or manual key) is only shown ONCE whrn you enable the 2fa. Now, you have to FIRST disable the 2fa on the exchange (be careful, 24h withdrawal suspension on binance when disabling). Then delete the 2fa in GA app. Re-enable, keeping an eye out for any code that appears on the page where you scan the barcode. Take that code and put it on a piece of paper. Store that piece of paper in a safe location.
Great post. I already made a deal with myself when I got serious about crypto that if my stacks turn into a life changing amount of money where I don't need any (or little) income any more, i'm giving up work and will dedicate my life to charity and helping people through voluntary work.
The price is dropping however on thin volumes, scroll out and you can still see the large sell wall. I made a post on this earlier although deleted it after I saw the sell walls still established. Seems like some manipulation of price going on or a huge sell down.
Yeah, im glad the price is being suppressed at the moment. Steady growth is whats needed.
Im having problems with raiwallet today as well. Sent 1xrb over from BG earlier as a test and it completed but it will randomly appear and then disappear when i sign into the wallet. Also having strange issues with getting a 'Not signed in' error when i try to change any settings
Yes, and more. My funds appeared and disappeared today. It shows up under my account name in raiblocks.net but not raiwallet.com
Yeah, this. My xrb will randomly appear and then disappear when i next sign in. Some weird stuff going down on raiwallet rn. Still shows on the blockchain though when you search your wallet address, so i assume its a wallet issue