How To Avoid Crypto Taxes: Cashing out

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  • Опубліковано 6 січ 2025

КОМЕНТАРІ • 3,2 тис.

  • @jescowhite3708
    @jescowhite3708 3 роки тому +23

    Dude you always have great advice and tips. keep it up.

    • @FullValueDan
      @FullValueDan  2 роки тому +1

      Want to get better at doing crypto research? join.fullvalue.club/waitlist

    • @JPs-q1o
      @JPs-q1o 11 місяців тому +1

      ​@@FullValueDan This video has some of the most poorly researched half-baked nonsense on UA-cam. Let's review...
      1) Send crypto from CoinBase (which has your identity linked to your wallet addresses) to a non-KYC exchange
      2) Trade (i.e. SELL your crypto from a legal tax perspective) and fatten your bags (i.e. make CAPITAL GAINS from a legal tax perspective)
      3) Send your gains (CAPITAL GAINS) to your fiat off-ramp (which is, no doubt, another exchange which has your identity) to convert them to US dollar (i.e. SELL them)
      4) Pray that nobody at the IRS bothers to even remotely look into this activity because if they do there's a strong audit trail leading right to your balls which they can lock up for a lifetime or two.

  • @jonnyboy950
    @jonnyboy950 3 роки тому +1587

    Why pay taxes when central banks are just printing money

    • @susguy5
      @susguy5 3 роки тому +96

      Woke

    • @cynthiaaiken2424
      @cynthiaaiken2424 3 роки тому +15

      delay the inevitable for a minute

    • @alukea123
      @alukea123 3 роки тому +165

      money is a illusion and taxes are for slaves

    • @j.d.c.777
      @j.d.c.777 3 роки тому +9

      Literally

    • @sharlawya6868
      @sharlawya6868 3 роки тому +14

      Because they have balls of steel, and we don’t.

  • @JacobFrey
    @JacobFrey 3 роки тому +1207

    I was audited by the IRS just for watching this video.

    • @Andru.
      @Andru. 3 роки тому +34

      Lmao, just blame the algorithm. 😂

    • @cryptomike4758
      @cryptomike4758 3 роки тому +34

      The algorithm is Uncle Sams cousin

    • @graysonwood8816
      @graysonwood8816 3 роки тому +31

      they took all my lambos

    • @MarcRebilletClips
      @MarcRebilletClips 3 роки тому +7

      Imagine the guy who posted it

    • @jaysnodgrass7486
      @jaysnodgrass7486 3 роки тому +8

      Haha how the hell would u know it was from watching this video

  • @zefievideo
    @zefievideo 3 роки тому +136

    I dont even mind the taxes, but flagging crypto to crypto exchanging as short-term capital is ridiculous. I think they are trying to kill crypto by over taxation.

    • @dYanamatic
      @dYanamatic 3 роки тому +4

      The governments are like emotional children right now. They have no idea how to find out anything much and prove anything, so they will just make the laws so vague like 'Have you bought crypto or received crypto'. Yes I have. I sold it all, made a loss - who knows what ledger I sent it to and who owns that ledger? They can't tax that other person - it's the end of the road in claiming tax for them...

    • @itzzjh__
      @itzzjh__ 3 роки тому

      @@dYanamatic explain this?

    • @TheRealKingSolomon
      @TheRealKingSolomon 10 місяців тому

      Its called taxation without representation on top of this the governemnt has no business what you do or how you spend/send your money. Usa is becoming a communist country. ​@@itzzjh__

    • @steveb7600
      @steveb7600 9 місяців тому

      I think you don't understand how capital gains work

  • @BlowitAllUp
    @BlowitAllUp 3 роки тому +194

    Over-paying taxes doesn't make you a "good person." It makes you stupid. It makes us all stupid for allowing/voting the government to screw us.

    • @alukea123
      @alukea123 3 роки тому +8

      screwed for thousands of years

    • @alukea123
      @alukea123 3 роки тому +6

      Watch the video im alowed to rob you by larken rose

    • @chilldudie242
      @chilldudie242 3 роки тому +3

      @@alukea123 thanks for the suggestion

    • @franz3810
      @franz3810 3 роки тому +6

      government do shit with taxes, at least on my country you see the place is crumbling down. I pay 2000 in taxes every year for nothing

    • @Natural-Health.
      @Natural-Health. 3 роки тому +2

      The Cabal, same people that are depopulating the planet as we speak is who you pay taxes to which is why they are trillionaires!

  • @carmendior9457
    @carmendior9457 10 місяців тому +464

    What is the best strategy to enter crypto trading now for someone with more or less than $8000

    • @MichelleLangley-wb7vx
      @MichelleLangley-wb7vx 10 місяців тому

      You need a pro or very goodTrader. Someone like Jared Brian Watkins

    • @theresahopkins860
      @theresahopkins860 10 місяців тому

      Jared excels at capitalizing on economic shifts and I have confidence in his trades

    • @maracouture7975
      @maracouture7975 10 місяців тому

      Almost gave up trading due to constant losses, but Jared turned my luck around

    • @maracouture7975
      @maracouture7975 10 місяців тому

      Now they yield about $13000 monthly

    • @carmendior9457
      @carmendior9457 10 місяців тому

      How can I consult him

  • @luckieoleary6459
    @luckieoleary6459 3 роки тому +122

    Definitely my financial advisor

  • @cryptosig283
    @cryptosig283 3 роки тому +323

    “Funds roads, police...” lol if only you knew how little percent of your tax dollars actually go to those things.

    • @starsick7
      @starsick7 3 роки тому +5

      It's been like that for decades and you're only now realizing this lol

    • @M3LTUP
      @M3LTUP 3 роки тому +29

      90% goes into the Govt Pension Funds.

    • @totalrobot
      @totalrobot 3 роки тому +49

      Most of it is going to woke bullshit

    • @KevinCisney
      @KevinCisney 3 роки тому +31

      If you think the amount of funding to roads and schools is bad, just wait until you find out how much we spend on endless foreign wars...

    • @starsick7
      @starsick7 3 роки тому +7

      @@totalrobot shut up

  • @vernellron7300
    @vernellron7300 3 роки тому +121

    Bitcoin is the beginning of something great a currency without a government.

    • @nanaferguson1351
      @nanaferguson1351 3 роки тому

      That’s why you need a professional broker that we make trade and much profit for you, I recommend Olivia she has been trading for me for some years now and I’m very much comfortable with her.

    • @rosekanyatta522
      @rosekanyatta522 3 роки тому

      Is this serious because I have been having loss in all my trades.

    • @rosiepatrick2775
      @rosiepatrick2775 3 роки тому

      The profits in Olivia”s investment plan shows how selfless she is, and her expertise are wow.

    • @deniswilliams8993
      @deniswilliams8993 3 роки тому

      Wow! I'm so surprised to see someone here who knows Olivia Investment my life changed for better through her platform

    • @sariaadem842
      @sariaadem842 3 роки тому

      I don't know so much about Investments how do i get in touch with Olivia Greg?

  • @ElmwoodParkHulk
    @ElmwoodParkHulk 3 роки тому +64

    298 IRS agents disliked this video so far ....

    • @waynegnarlie1
      @waynegnarlie1 3 роки тому +5

      But they loved all the money laundering leads they found in the comments, lol!

  • @m9cZOR
    @m9cZOR 3 роки тому +15

    Finally legit video with helpful information regarding taxes, not like any other video that repeats itself with "duh convert bitcoin in IRA tax free account" etc etc. Thank you! subscribed.

    • @fullvaluedan7932
      @fullvaluedan7932 3 роки тому

      Appreciate your comment W~>H~>A~>T~>S~>A~>P~>P.
      +.1.~(310)5134841
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  • @0pmbabi
    @0pmbabi 3 роки тому +46

    I like your mindset and mentality, you’re also really funny man good work

  • @vivaestates
    @vivaestates Місяць тому

    I can’t get enough of your content, it’s always so practical and helpful. Just started creating videos in this niche as well.

  • @thebeeskneestreasures3596
    @thebeeskneestreasures3596 3 роки тому +20

    "You might as well pay taxes at that point" LMAO . You are hilarious! Also, I LOVE the crazy idea of having my own bitcoin ATM at my home ;) Awesome video!

    • @Tennouseijin
      @Tennouseijin 3 роки тому +2

      Although, when you pay taxes - you're supporting the government, if you pay high fees - you're supporting exchanges and other crypto businesses. The question is, which ones you prefer supporting.

    • @wadevid
      @wadevid 3 роки тому

      I'm really intrigued with this idea. How does the cash get into the atm though? I guess the company you bought it from stocks it with cash and you pay a fee for that?

    • @wadevid
      @wadevid 3 роки тому +1

      @@Tennouseijin don't those businesses also track your cash being taken out and report that to the govt? If so, don't you technically have to claim that cash to the govt since it's US mint?

    • @Tennouseijin
      @Tennouseijin 3 роки тому

      @@wadevid Sorry, I tried answering but youtube censorbots keep deleting my answers.

  • @D9everything
    @D9everything 3 роки тому +52

    "My wife is Taiwanese and I can use her passport-" (knock, knock knock) Dude you're a crackup.

  • @jmsparks333
    @jmsparks333 3 роки тому +56

    You deserve an award for this video. Amazing.

    • @victoriarobson5024
      @victoriarobson5024 3 роки тому +1

      Been amazing trading with pro trader Mr Corey for months now, he is the best and I must recommend him because he has helped me earn lots of profits trading bitcoins

    • @victoriarobson5024
      @victoriarobson5024 3 роки тому +2

      @Coreytradings

  • @psylocibeboobensis5978
    @psylocibeboobensis5978 2 роки тому +18

    Also, if you trade on a regular basis, it's much more convenient (and cheaper) to swap to stablecoins (usdt, DAI etc.) instead of cashing out

  • @samuelbarrett1082
    @samuelbarrett1082 3 роки тому +243

    "you should pay your taxes"
    You lost me there

    • @David-R.
      @David-R. 3 роки тому +1

      lol

    • @corners3755
      @corners3755 3 роки тому +4

      Thats was more a disclaimer than a suggestion , so you don't sue him

    • @kene866
      @kene866 3 роки тому +3

      If you are a US resident, there are many new rules on crypto tax reporting in 2021. For example if you are buying stuff with crypto from a store, it could be reportable. Even mining is sometimes a taxable event.

    • @redsplayhouse2105
      @redsplayhouse2105 3 роки тому +2

      Yeah. Let's pay taxes to the government so they can use them and go on vacation like usual. Nahh

    • @ratedmark4704
      @ratedmark4704 3 роки тому +2

      @@redsplayhouse2105 Or allow my sister-in-law to make babies, and stay on welfare and enjoy the good life.

  • @Hqwef
    @Hqwef 9 місяців тому +1

    This guys great. love his Im saying something without saying something approach 😉😉😉😉😉

  • @jordansernik
    @jordansernik 3 роки тому +3

    Just btw, roads are paid with Gas Tax. Schools are paid with Property Tax. Federal Income Tax pays for one thing: the debt owed to the Federal Reserve, to service the loans used to pay for the US Military and Empire expansion.

  • @helenalanser6463
    @helenalanser6463 3 роки тому +257

    I live in Portugal; the portuguese gouvernment doesn't tax crypto-gains! *****

    • @Crypto907
      @Crypto907 3 роки тому +17

      Gonna move there then irs what’s all my money

    • @nullx6777
      @nullx6777 3 роки тому +53

      US taxes everything its complete bullshit smh

    • @helenalanser6463
      @helenalanser6463 3 роки тому +5

      @@mlee9049 No, I'm dutch, living in Portugal

    • @maurice2014
      @maurice2014 3 роки тому +2

      Yet...

    • @SakkeGB
      @SakkeGB 3 роки тому

      Do you know if Spain does ?

  • @gianniv.santisi9983
    @gianniv.santisi9983 3 роки тому +2

    Love the video. Subscribed! 7:28 , that was the most strained, attempt at a PSA I have ever seen in my life, even the camera laughed and went out of focus. Hilarious Bro.

  • @artbyact
    @artbyact 3 роки тому +49

    I like the way you think homie, subbed.

    • @jlhumor1565
      @jlhumor1565 3 роки тому

      Why do you have a bitcoin ATM in your bedroom? Mind your own business.

    • @markreyes5190
      @markreyes5190 3 роки тому

      Love the video 😁😂🤩

  • @juswiffin8380
    @juswiffin8380 3 роки тому +14

    This is without a doubt the best video on the internet 😂

  • @teguhlestari5820
    @teguhlestari5820 3 роки тому +5

    Success is about focusing Your energy on what creates results and using what you already know

  • @jdedad
    @jdedad 3 роки тому +7

    I signed up for KU coin and did the KYC they failed me and said they don’t service my location meaning USA WTF?

  • @dalva72
    @dalva72 3 роки тому +12

    Legend! "Set up your own BTC ATM at home and cash out!"

    • @fullvaluedan7932
      @fullvaluedan7932 3 роки тому

      Appreciate your comment W~>H~>A~>T~>S~>A~>P~>P.
      +.1.~(310)5134841
      I~>N~>V~>E~>S~>T I~>N C~>R~>Y~>P~>T~>O.

  • @tiffanyl3157
    @tiffanyl3157 2 роки тому

    You're funny! LOL 🙃 and Entertaining to watch and I got something! Lol 😂 full value! 😅

  • @jaimegranero9027
    @jaimegranero9027 3 роки тому +19

    I did a kucoin account 2 days ago and did asked for id, proof of address etc, just as an update

    • @Harbinger-X
      @Harbinger-X 3 роки тому +1

      They may ask, but it's not required. You can withdraw up to 2 BTC without KYC.

  • @Jack-xx3qg
    @Jack-xx3qg 3 роки тому +12

    Thanks for ur valuable shady financial advice

  • @christophereastwood9165
    @christophereastwood9165 3 роки тому

    Who Dosent like this guy. How can anyone dislike him. So funny and knowledgeable

  • @katherts
    @katherts 3 роки тому +26

    Ah, so young! Avoiding taxes: perfectly legal. Evading taxes: not so much.

    • @heyhelmar
      @heyhelmar 3 роки тому

      He literally encourages people to do their stuff they dont want to report for taxes on a non kyc exchange but then cash out using a kyc exchange.
      Thing is: The moment you link your identity in any way you are fuckd as soon as governments figure out to analyze on- chain data automatically. They do this already on small scale.
      I will report this video for encouraging criminality. Not blaming the guy but this is dangerous.

    • @LordLotman
      @LordLotman 3 роки тому +17

      @@heyhelmar Helmar da hater WTF bro! I’m not sure what the answer is but “reporting it” and being a Nark aint it!!

    • @computerlearingchannel4257
      @computerlearingchannel4257 3 роки тому +29

      @@heyhelmar fuck the government, they didnt invent crypto why the fuck they think they have the right to take a portion of your crypto.

    • @zectrixtv
      @zectrixtv 3 роки тому +15

      @@heyhelmar fucking karen

    • @Dankschon
      @Dankschon 3 роки тому +6

      @@zectrixtv fucking Karen, my thoughts exactly

  • @mossfree
    @mossfree 3 роки тому +52

    "get some international friends"
    Best workaround ever

    • @mytravls
      @mytravls 3 роки тому

      How? For eg. some countries don’t recognize crypto does it mean routing the gains into those countries would help to not pay taxes to Uncle Sam? Will the transfer be easier?

    • @george25199
      @george25199 3 роки тому +6

      What if your international friend runs off with your money ?

    • @Raterex
      @Raterex 3 роки тому +4

      @@george25199 Marry your international friend intentionally ^^

    • @george25199
      @george25199 3 роки тому +2

      @@Raterex That could make it worse lol

    • @futbolita89742
      @futbolita89742 3 роки тому +1

      @@george25199 get a hitman

  • @asknwclips7672
    @asknwclips7672 10 місяців тому

    Thanks!

  • @EshhhaBenjamite
    @EshhhaBenjamite 3 роки тому +5

    This video is hilarious and dope!! Thank you💪🏽😂💯

  • @brooksbutler5581
    @brooksbutler5581 3 роки тому +1

    Oh hey happy to see you like Nano!

  • @Thailander555
    @Thailander555 3 роки тому +12

    Dan, you're hilarious man! Thank you for all that you do, Keep up the great work!

    • @fullvaluesdan6462
      @fullvaluesdan6462 3 роки тому

      Thanks for your feedback. ___For more guidance
      W....h....a...t... S...a...p...p
      + 1 • 8 • 5 • 7 • 2 • 4 • 0 • 9 • 3 • 3 • 9

    • @alphacentauri1757
      @alphacentauri1757 3 роки тому

      @@fullvaluesdan6462 76545tfhczf

  • @chrisdher65
    @chrisdher65 3 роки тому +33

    Btc atm...it’s better to ask for forgiveness than permission. It just might be crazy enough to work!

    • @Pìnnedby-l5c
      @Pìnnedby-l5c 3 роки тому

      Care for bitcoin investment tips for good returns?

    • @Chris-qr8ng
      @Chris-qr8ng 3 роки тому +1

      yea but their fees are enormous

    • @Pìnnedby-l5c
      @Pìnnedby-l5c 3 роки тому

      @@Chris-qr8ng
      mssg on watsap

    • @Pìnnedby-l5c
      @Pìnnedby-l5c 3 роки тому

      @@Chris-qr8ng
      1 7 7 5 3 1 6 - 8 1 7 4

    • @drewdh2kg
      @drewdh2kg 3 роки тому

      @@Chris-qr8ng not really I’m paying 7% I’ll pay 7% and not pay taxes 🤣🤣

  • @2DVDs
    @2DVDs 10 місяців тому

    Ton of information in concentrated form! Many thanks!!!

  • @agvision09
    @agvision09 3 роки тому +3

    haha! I love your "potential ideas" and buying my own BTC ATM?? Oh my gosh I have to subscribe! :)

    • @neoplasma1
      @neoplasma1 3 роки тому

      How would you get cash to load the atm though haha

  • @714boba2003
    @714boba2003 3 роки тому +61

    Lmao, “Buy bitcoin atm machine.”
    “My girlfriend is Taiwanese and send it to her.”Oh man, I knew an Asian guy with glasses could come up with something I haven’t heard before. 😂 I would give you a 1000 thumbs up if I could. 👍👍👍👍👍

    • @InnocentDude1
      @InnocentDude1 3 роки тому

      but how do you withdraw in usa without paying tax?

    • @714boba2003
      @714boba2003 3 роки тому +3

      @@InnocentDude1 that’s why you use bitcoin atm which is untraceable for withdraw. Or like he said, just buy the machine, lol.

    • @SamDustin0077
      @SamDustin0077 3 роки тому +8

      @@714boba2003 but how does the atm get refilled with money if it's in your home?

    • @michaelpapazis
      @michaelpapazis 3 роки тому

      @@SamDustin0077 i was wondering same

    • @wadevid
      @wadevid 3 роки тому

      @@SamDustin0077 this is my question. I would assume whoever you bougth the machine from would fill it and you would pay a "refill fee" maybe? idk. It's all so intriguing! Maybe Dan knows lol.

  • @asdawece
    @asdawece 3 роки тому

    I bought a bticoin atm when you published this video since 6 month it solved all my problems. I have it in my bedroom and whenever I need money I just withdraw with no commission.

  • @Come8In8Peace
    @Come8In8Peace 3 роки тому +27

    We take the risk, they take the money

    • @irson8981
      @irson8981 3 роки тому +6

      Exactly, daytime robbery

    • @Cognitoman
      @Cognitoman 2 роки тому

      Yeah that’s fucken bull shit

  • @riccardogiuseppe6635
    @riccardogiuseppe6635 3 роки тому +81

    The world is changing! I'm glad to be part of that. The crypto had made so many millionaires already. It is the evolution of money, Thanks for making this very informative video I just subbed 👍

    • @reeceudochukwu3350
      @reeceudochukwu3350 3 роки тому +1

      Cool. Sounds like you've got so much money from crypto, I'm new around here

    • @riccardogiuseppe6635
      @riccardogiuseppe6635 3 роки тому

      @@reeceudochukwu3350 Yeah. I've made a lot! Investing, holding and trading crypto has been my decision ever

    • @jakobmeyer191
      @jakobmeyer191 3 роки тому

      Crypto is the way to go 🎯🚀

    • @reeceudochukwu3350
      @reeceudochukwu3350 3 роки тому

      @@riccardogiuseppe6635 that really sounds good, how do you go about taxes?

    • @riccardogiuseppe6635
      @riccardogiuseppe6635 3 роки тому +1

      @@reeceudochukwu3350 First I thought of moving out of the US that can't be feasible atm but I've made my gains with the help of a financial consultant and its been easy peasy making money on investment.
      I've built a good retirement portfolio and passive income

  • @georges9509
    @georges9509 3 роки тому +1

    Man.. I love your videos 👌🏼

  • @blue_anemone
    @blue_anemone 3 роки тому +8

    You come through with the sketchiest shit I love it.

  • @julieth3699
    @julieth3699 3 роки тому +11

    Great personality! Thanks for sharing!

    • @fullvaluedan7932
      @fullvaluedan7932 3 роки тому

      Appreciate your comment W~>H~>A~>T~>S~>A~>P~>P.
      +.1.~(310)5134841
      I~>N~>V~>E~>S~>T I~>N C~>R~>Y~>P~>T~>O...

  • @dennisrodriguez3689
    @dennisrodriguez3689 2 роки тому +1

    1:00 can someone explain this part, because i was bypassing my coin base with my decentralized account on bybit with an online wallet on Exodus but i got tired of paying extra fees and now i do it without bypassing it. Should I stop doing that?

  • @kaceye4565
    @kaceye4565 3 роки тому +3

    You're funny and so smart. I love this video. Think you!! xoxo💋

  • @DainichiKichi
    @DainichiKichi 3 роки тому +10

    Thanks Dan! I’ve been waiting for this vid ever since you mentioned it in your past video.

  • @reylove33
    @reylove33 3 роки тому +2

    Taxes don’t do anything you first listed. It’s flat out extortion. Let’s not keeping lying to ourselves.
    I’m taking your tip offs not to withdrawal too quickly. Helpful, thank you.

    • @Pìnnedby-l5c
      @Pìnnedby-l5c 3 роки тому

      Care for bitcoin investment tips for good returns?

  • @yesindeed3751
    @yesindeed3751 3 роки тому +16

    Great video. Your definitely red flagged now. You'll get those crypto tax papers on the next tax cycle. Lol

    • @romeoh4859
      @romeoh4859 3 роки тому

      Yeah the government will get theirs one way or another

  • @OuttacontrolMinistry
    @OuttacontrolMinistry 3 роки тому +11

    Actually taxes do not go to fund the government Teddy Roosevelt said that in a famous speech as well as Nixon after him taxes do not go to fund the government

    • @CGoffgrid
      @CGoffgrid 3 роки тому

      But they do.

    • @OuttacontrolMinistry
      @OuttacontrolMinistry 3 роки тому +3

      No they don't you should know your history before Ivan hopefully find a link to the video where his speeches that he says taxes does not go to pay the economy it goes to finance Wars and everything else it does not in any way shape or form go to help the schools or anything else in this country

    • @CGoffgrid
      @CGoffgrid 3 роки тому

      @@OuttacontrolMinistry You can actually just look at government finances. Try that instead of listening to random idiots on the internet.

    • @chuggns
      @chuggns 3 роки тому +3

      @@CGoffgrid yeah you're very wrong. Every government service has a defined tax collection method. Income tax, capital gains tax, and other nebulous taxes go straight toward paying off bad government investments and funding Petro dollar machine which includes wars and hostile occupations. The us constitution explicitly prohibits taxing income or wealth. These taxes are abhorrent and immoral. I think you may be the one listening to idiots on the internet

    • @CGoffgrid
      @CGoffgrid 3 роки тому

      @@chuggns I think you need to actually research some subjects in depth before you open your mouth on them you sound stupid.

  • @gloofisearch
    @gloofisearch 3 роки тому +1

    Hi Dan. This video is hilarious, love it. The part were I put a Bitcoin ATM in my house cracked me up.

  • @jackroark6928
    @jackroark6928 3 роки тому +4

    Dan, at 2:30 you say: "...then cash out...through fiat on-ramp...like coinbase..." How?..by converting back to stablecoin after trading at say, kucoin, and then transferring back to a wallet, then back to coinbase?

    • @rvggedroses
      @rvggedroses 3 роки тому +2

      Good question. I would like to know that answer also

    • @uglyboi2017
      @uglyboi2017 3 роки тому

      pretty obviously yes

  • @starkfuture1057
    @starkfuture1057 3 роки тому +6

    The frequent suggestion is : Take a crypto loan @ 15% APY and cash out. Then use your crypto to pay off the loan.
    Are loans not taxed?

    • @edtamsing
      @edtamsing 3 роки тому +2

      Loans are NOT considered Income so it is NOT Taxed

    • @07874axel
      @07874axel 3 роки тому +1

      Wouldn’t that start a taxable event by realizing your crypto

    • @DaveSmith-cp5kj
      @DaveSmith-cp5kj 3 роки тому +3

      @@07874axel Yeah exactly, that doesn't make sense. If you get a loan without paying fiat, then they are going to look for how you paid it off.

    • @SaveThouandsOnWater
      @SaveThouandsOnWater 2 роки тому

      Loans are not tax, this is the best loophole. This is how all the billionaires live off their stock options without paying taxes

    • @mattpatterson9496
      @mattpatterson9496 2 роки тому

      @@SaveThouandsOnWater Fake news. Making a loan payment with crypto is a taxable event according to the IRS. Also, long term capital gains rates can be 0% if your household income is low enough. So paying 15% APR would be an idiotic move.

  • @cheery-hex
    @cheery-hex 3 роки тому

    haha the level of your sarcasm is awesome :D

  • @tonyiyke4672
    @tonyiyke4672 3 роки тому +48

    Hello what's the best way to get started with trade cos I've been making my personal research for a while now

    • @mavelyoung5423
      @mavelyoung5423 3 роки тому

      I've lost nearly 4000 in my demo account, used allot of strategy I saw on youtube and read online, what advice do you have for me, which strategy should I focus on?

    • @marcosluck4152
      @marcosluck4152 3 роки тому

      I still earn around $1500 every week with my $500 deposited with Keily trading strategy

    • @anthonywong5669
      @anthonywong5669 3 роки тому

      you've just started your trade journey bro! that's just one of the obstacles

    • @mrmavin900
      @mrmavin900 3 роки тому

      +

    • @mrmavin900
      @mrmavin900 3 роки тому

      1

  • @PowderHouse1
    @PowderHouse1 3 роки тому +5

    hahahaaaa your a legend brother !! learnt so much from your other videos

  • @rohandookiesingh6407
    @rohandookiesingh6407 2 роки тому +1

    In France crypto to crypto is a non taxable event.Only when you exchange for Fiat does this become a taxable event. So is it possible to just hop onto Clecius or Nexo, and take fiat loans against my crypto holdings? This way I'd never have to pay tax as I am not actually converting any gains into Fiat?

  • @fatimamelodyahmed9663
    @fatimamelodyahmed9663 3 роки тому +25

    if you are wise , seize this opportunity and contact Mr Donemark today, stop looking around
    and use the best trading system

    • @KIALOVE218
      @KIALOVE218 3 роки тому

      i feel like some people look for rich quick scheme and loss alot

    • @fatimamelodyahmed9663
      @fatimamelodyahmed9663 3 роки тому

      @@KIALOVE218 yeah

    • @sophiaobrien6582
      @sophiaobrien6582 3 роки тому

      met expert mr donemark, last 2 years at a conference in uk,i invested $5,000 and traded in one month and make close to $30,000

    • @judestones3881
      @judestones3881 3 роки тому

      Do you know i invested with Donemark too,He charges 20% commission on profit made after every trading session and thats fair compared to the effect he put in making huge profit.

    • @fatimamelodyahmed9663
      @fatimamelodyahmed9663 3 роки тому

      @@judestones3881 he has been the one trading for me ,and he has a good trading strategy
      $$$$

  • @viviansmallwood3078
    @viviansmallwood3078 3 роки тому +3

    Great wisdom shared. Thank you.

  • @nutrl6955
    @nutrl6955 3 роки тому

    Wow you're a legend and funny asf subbed

  • @deel9677
    @deel9677 3 роки тому +7

    I'd like to know why the IRS should be entitled to anything we pay for with the money we receive after paying our taxes.
    That is double taxation. IRS shouldn't get a damn thing.

    • @2pi628
      @2pi628 3 роки тому +1

      BUT... we are THEIR slaves. And slaves work for their master.

    • @evanwesley387
      @evanwesley387 2 роки тому

      ive been saying this for years now. people like you and me need to be more vocal about this nonsense. we need to speak up and let other like minded people hear our voices. apart we are nothing. together we are everything.

  • @jentlejoe
    @jentlejoe 3 роки тому +3

    Wish I could like this video 100 times! Excellent job.

  • @GAMEBANGINGMEDIA
    @GAMEBANGINGMEDIA 3 роки тому

    He funny asl 🤣 great video bro.

  • @calvinnguyen2422
    @calvinnguyen2422 3 роки тому +7

    U cracks me up, keep up the good stuff bro... I know Asians don't like to pay taxes... LoL (I'm Asian myself) ;)

  • @TheGreatfuls
    @TheGreatfuls 3 роки тому +22

    You got me with Uncle Sam dabbing 😂😂

  • @DefiTechfit
    @DefiTechfit 2 роки тому +1

    I love you Dan. You are an asset to all!

  • @crazyirish__2171
    @crazyirish__2171 3 роки тому +19

    You had a subscriber when you said “you can have an atm machine in your home”.

  • @thacrypt223
    @thacrypt223 3 роки тому +3

    Funniest and one of the most informative videos I have watched on crypto. Definitely subscribing!:D

  • @davy1458
    @davy1458 3 роки тому +1

    I like Dan the random internet guy....nice and informative dude!!

  • @Jessrobbie
    @Jessrobbie 3 роки тому +10

    It's pertinent to know that investment is essential to make more money. Right guys???

    • @stellaadams6620
      @stellaadams6620 3 роки тому +3

      WHAT'SAPP✛𝟏𝟑𝟓𝟐𝟔𝟑𝟓𝟕𝟖𝟎𝟓

    • @pierogallo132
      @pierogallo132 3 роки тому

      @@stellaadams6620 hello,, is this Ms Galia contact?

    • @stellaadams6620
      @stellaadams6620 3 роки тому

      @@pierogallo132 yes

    • @nevamorrismorris2640
      @nevamorrismorris2640 3 роки тому +1

      @Clara Gregory Please can she provide help to a person from foreign country? Because I'm not an American.

    • @sofiafischer0
      @sofiafischer0 3 роки тому

      Success is dependent on the action or steps you take to achieve it. Show me a man that doesn't have an investment and I will tell you how soon he'll go broke. Investment is building a safe haven for the future: with the right choice of investment that has at least 1% minimum risk and with an Expert guidance, profit and interest should be 💯guaranteed...

  • @atmosrepair
    @atmosrepair 3 роки тому +5

    Taxes go to make payments on debts loaned from central banks. That's how the deficit grew.

  • @_RobertOnline_
    @_RobertOnline_ 3 роки тому +2

    I use NEXO, with an account there your can take a loan against your crypto as collateral. Loans are a non taxable event. It does require KYC, but it's a great alternative to avoid taxes while keeping it legal.

    • @_RobertOnline_
      @_RobertOnline_ 3 роки тому +3

      @@fullvaluedan8297 Guide yourself to success then, don't depend on others. Give your WhatsApp to your grandma.

  • @bcas357
    @bcas357 3 роки тому +6

    You just gained a like in subscription from this video alone

  • @mihaelacarmen3482
    @mihaelacarmen3482 3 роки тому +4

    You are funny! I like your perspectives on things. Thank for sharing ideas 🤣🤑😉

  • @TheKornfeldFamily
    @TheKornfeldFamily 3 роки тому +2

    Can you just buy gold ? Bullion sites take BTC now ... then sell the gold privately?

  • @MatthewGJones
    @MatthewGJones 3 роки тому +46

    I'm new to Bitcoin and would like to invest but I've got no idea on how to make good profit. Pls what's the best approach you'd recommend?

    • @kellygiggs7298
      @kellygiggs7298 3 роки тому

      With the right approach, it works

    • @salemahmed2006
      @salemahmed2006 3 роки тому

      I have been Investing and trading and still yet to earn my first profit. what strategy did you use pls

    • @janewilliam7222
      @janewilliam7222 3 роки тому

      @@salemahmed2006 Actually, an expert handles my bitcoin investment while I use my profit to grow my business

    • @marshallwalters2100
      @marshallwalters2100 3 роки тому

      @@janewilliam7222 How good is your expert trader, I'd like to invest too

    • @janewilliam7222
      @janewilliam7222 3 роки тому

      @@marshallwalters2100 Investing with her was easy and straight forward. Just withdrew my profit last week and the trade is still in progress.

  • @htam95
    @htam95 3 роки тому +8

    Bro, just the video I've been looking for! How to do legal but shady shit! You're getting my sub! LOL!

  • @savagedpepe
    @savagedpepe 2 місяці тому +2

    Im definitely gonna put my crypto that i want to cash out into stable coins and then withdraw it in smaller amounts when i wanna buy something

  • @Omikoshi78
    @Omikoshi78 3 роки тому +11

    Dan in 2022: So I got audited by the IRS. I started a gofundme to help me with the “process”.

  • @spikelove9533
    @spikelove9533 3 роки тому +39

    This is agent Spike from the IRS we will be contacting you shortly. Please have your finatual papers in order for the Audit you will be receiving with out lube

    • @Jaden48108
      @Jaden48108 3 роки тому

      Hi Agent Spike. Here are my papers. I'm totally innocent. I've led a clean life despite the fact no one likes me. Maybe that's because I'm a Goodie-two-shoes.

    • @spikelove9533
      @spikelove9533 3 роки тому +2

      @@Jaden48108 Lol

    • @brodiemeyer6571
      @brodiemeyer6571 3 роки тому

      Well I will also say this here... Talking from my own experience as a cryptocurrency trader mostly BITCOIN TRADING as the leading asset, so far I have come to realize that the crypto market is of two sides. As some people will hold and wait for bitcoin to skyrocket so they can sell-off, while others will wait for bitcoin to fall so they can buy at a cheaper rate. However, I see all this worries baseless if they can't yield good profits, my advice still stands on involving in day trading by finding an accurate strategy/daily signals in other to accumulate and grow a very strong portfolio. For me, it's been so successful for over 7 months because I was smart enough to find working daily signals which are being provided by a pro trader known as Mr. Jason Brown during the first 2 weeks I accumulated and grew my portfolio from 2btc to a total of 8.4btc which you will agree is a very good profit, Jason can be reach on Telegram (@ Jasonbrown1 ) and whatsapp +447537126930 for more profitable system.

    • @Jaden48108
      @Jaden48108 3 роки тому +6

      @@brodiemeyer6571 Worst advice I've ever heard.

    • @ksandbergen
      @ksandbergen 3 роки тому +1

      @@brodiemeyer6571 yeah bruh. Trash!

  • @ramonlarson6806
    @ramonlarson6806 3 роки тому

    Props for knowing about Nano

  • @onesavedvoice
    @onesavedvoice 3 роки тому +5

    Make a gain with a crypto and pay someone in crypto, to buy a car for instance, or a guitar, or renting a cabin for vacation week, and you don't pay taxes? 4:10. I don't think you're right about that.

    • @arnold-moger
      @arnold-moger 3 роки тому +7

      Yeah, spending cryptocurrency is a taxable event.

    • @renegademind1833
      @renegademind1833 3 роки тому +2

      maybe use a ledger wallet, as long as you minimize kyc purchases (cars), you can claim that you lost your ledger pass phases, and your crypto went missing.

    • @MFDan69
      @MFDan69 3 роки тому +3

      You're not spending it, you're giving it to someone and that someone just so happened to leave his guitar so you kept it

    • @MFDan69
      @MFDan69 3 роки тому

      @Alex Johnson wait really?

    • @MFDan69
      @MFDan69 3 роки тому

      Had no idea lol

  • @labarannuhu6345
    @labarannuhu6345 3 роки тому +12

    SOMETIMES ADVERSITY IS WHAT YOU NEED TO FACE IN ORDER TO BECOME SUCCESSFUL.

    • @labarannuhu6345
      @labarannuhu6345 3 роки тому

      YOU DON'T MAKE MONEY ON FOREX OR CRYPTO BY HOLDING YOUR COINS RATHER YOU TRADE TO MAKE GAIN

    • @labarannuhu6345
      @labarannuhu6345 3 роки тому

      MOST PEOPLE VENTURE INTO CRYPTO TO BE A MILLIONAIRE. MEANWHILE I JUST WANT TO BE DEBT FREE

    • @harunaabdullahi7446
      @harunaabdullahi7446 3 роки тому

      JUST DO THE RIGHT THING BY TRADING WITH AN EXPERT

    • @harunaabdullahi7446
      @harunaabdullahi7446 3 роки тому

      STOCK IS GOOD BUT CRYPTO IS BETTER

    • @feliciabutler901
      @feliciabutler901 3 роки тому

      ITS STRANGE HOW PEOPLE TALK ABOUT THE PROFITS THEYVE BEEN MAKING THROUGH TRADING OF CRYPTO WHILE I M HERE NOT MAKING ANY PROFIT AT ALL PLEASE CAN SOMEONE PUT ME THROUGH ON THE RIGHT PATH

  • @anandronny
    @anandronny 3 роки тому

    Love you man.. You helped silently.. I wish there was something decentralized like similar to youtube.

  • @mickeyfacee
    @mickeyfacee 3 роки тому +118

    Watching him attempt to explain and backpedal is cracking me tf up 😂😂😂😂

    • @dangtran6325
      @dangtran6325 3 роки тому +2

      Literally!!!

    • @rmk7120
      @rmk7120 3 роки тому +2

      Viewing your attempt ‘Miss Queenie’ to having an interesting and informative U Tube channel is cracking me up!😤😤

  • @FidelHimself
    @FidelHimself 3 роки тому +14

    Decentralize every service of government and abolish politicians

    • @Pìnnedby-l5c
      @Pìnnedby-l5c 3 роки тому

      Care for bitcoin investment tips for good returns?

    • @ghosttankcommander5397
      @ghosttankcommander5397 5 місяців тому

      That’s silly because that would mean anarchy.

    • @FidelHimself
      @FidelHimself 5 місяців тому

      @@ghosttankcommander5397 and?

  • @me200442
    @me200442 3 роки тому +1

    I think you're awesome! Love your videos!

  • @janicebath4502
    @janicebath4502 3 роки тому +28

    This was quite interesting to watch! given ETH's high gas fees and the oncoming release of Cardano (erc20 converter) and also the recent run-up with Binance Chain, I foresee an exodus for ethereum and would take profits and swap ETH to ADA and BNB to hedge against ETH not being able to fully deliver scalability until 2022?. Thoughts?

    • @michaelhager2002
      @michaelhager2002 3 роки тому

      I want to remain positive, right now there seems to be a lot of competition in the smart contract space soon. And the crypto market moves up fast.

    • @christopheredward5188
      @christopheredward5188 3 роки тому

      I'll have to agree with you but considering the current situation with the cryptocurrency market, a lot of investors are scared to lose money

    • @janicebath4502
      @janicebath4502 3 роки тому

      One thing for a fact is at this point currently day traders and exchanges would be making a hell of a profit!

    • @christopheredward5188
      @christopheredward5188 3 роки тому

      @@janicebath4502 That's true! I'll have to confess, If it hadn’t been with the help of my broker Mrs. Elizabeth Rossiello whom I can’t thank enough, I had already given up on the crypto market after losing so much money. She helps handle my day trading and I am pretty impressed by her strategies

    • @janicebath4502
      @janicebath4502 3 роки тому

      @@christopheredward5188 Wow, now I'm intrigued because I've heard so much about her and her reputation, she's one of the founders of bitpesa and AZA Finance. please how can I get in touch with her?

  • @maddenfan6683
    @maddenfan6683 3 роки тому +6

    Thank you bro

    • @fullvaluesdan6462
      @fullvaluesdan6462 3 роки тому

      Thanks for your feedback. ___For more guidance
      W....h....a...t... S...a...p...p
      + 1 • 8 • 5 • 7 • 2 • 4 • 0 • 9 • 3 • 3 • 9.

  • @brookfrabrook1165
    @brookfrabrook1165 3 роки тому

    The Taxes man is a pain. Thanks for the video.

  • @gyulakovesdan
    @gyulakovesdan 3 роки тому +4

    I’m so sorry for the high tax in many countries. In Hungary we have to pay only 15%. I’m eager to pay because I can sleep well in this way. I hope you can find legit solution to optimize the tax. You should find a tax advisor to do it well.

  • @GeneticDust
    @GeneticDust 3 роки тому +4

    Me to the IRS: Dan told me not to pay taxes.

  • @bjweener
    @bjweener 3 роки тому

    No joke, I drew the dabbing uncle Sam you used in your thumbnail. I did it for a tshirt on Amazon like 5 years ago that became a bestseller and got copied and ripped off and used on hundreds of other things, which caused my revenue from it to basically go to zero. Now it's basically just out there on the internet for anyone to use. Bummed it worked out that way but kinda cool too... and fun to see it used here!

  • @801christopher
    @801christopher 3 роки тому +8

    Isn't this video missing the fact that most crypto can be traced regardless of where you put it. The government can easily put you in the position of proving you did or did not have it and if you can't hit you with taxes.

    • @MarcRebilletClips
      @MarcRebilletClips 3 роки тому +1

      Not with metamask and Uniswap

    • @4DTravelr
      @4DTravelr 3 роки тому +1

      @@MarcRebilletClips Can you elaborate?

    • @MarcRebilletClips
      @MarcRebilletClips 3 роки тому +3

      @@4DTravelr Uniswap is a decentralized exchange meaning none of your transactions are recorded to your ID. Metamask is a anonymous wallet therefor not associated with your name. Anonymous 100%

    • @4DTravelr
      @4DTravelr 3 роки тому

      @@MarcRebilletClips Very interesting, thanks. So you don't need VPN and/or Tor with those, good to go as-is?

    • @MarcRebilletClips
      @MarcRebilletClips 3 роки тому +1

      @@4DTravelr Nah not needed

  • @deuce22ish
    @deuce22ish 3 роки тому +29

    So get a foreign National as wife and leave them liable.... you might be on to something 🤔

  • @proudlynomadic
    @proudlynomadic 3 роки тому

    Silly question...say I have coinbase and I make a gain in say Bitcoin and want to cash it out. Should I convert that to USD in CB and then withdraw back to my bank account?

    • @FullValueDan
      @FullValueDan  3 роки тому

      Hi. This is Team Dan! He can discuss more on this in our discord group. Join here
      discord.gg/SRjqWCJu6t

  • @PromotingTheBeat
    @PromotingTheBeat 3 роки тому +5

    Thanks for this vid.
    I'm holding my crypto in a decentralized wallet ( Atomic Wallet ) then planning to move it back to coinbase to transfer to USD when I need to.
    I don't know how they could possibly know how much I gained or what... of course, like you said, if 10k comes into the account, Coinbase will be like wtf is this
    So I would think 9 grand or less would be fine?

    • @kamabrapa88
      @kamabrapa88 3 роки тому

      Yes. But this can always change. Just keep an eye on the guidelines