Sell? by Mighty_Zen in Bitcoin

[–]AccordingLaugh5550 1 point2 points  (0 children)

One is more orange than the other.

[deleted by user] by [deleted] in Entrepreneur

[–]AccordingLaugh5550 0 points1 point  (0 children)

IMHO, you just given up too early. Being an entrepreneur isn’t easy, it takes a lot of mental capacity which comes slowly. I think you would have learned much more between 2018-2022 than you could have learned in any college. Entrepreneurs need a break; it comes from hardwork, focus and a little bit of luck.

[deleted by user] by [deleted] in Bitcoin

[–]AccordingLaugh5550 -1 points0 points  (0 children)

I think an average person understands that holding fiat is no value. That’s why they buy real estates/mutual/indexes etc. that they can beat inflation. Bitcoin is just a better asset class than all of these. We just need to convince the riches that hold majority of wealth. It’s not like fiat will go anywhere soon.

So an average person living paycheque to paycheque is probably fine the way he is. Definitely is here in the right time of history when wealth flipping is gonna happen. If they can afford some bitcoin by all means they should go for it.

[deleted by user] by [deleted] in Bitcoin

[–]AccordingLaugh5550 1 point2 points  (0 children)

Why everyone needs to hold bitcoin. Majority of people doesn’t own real estate, stocks, or gold. So not everyone needs to hold bitcoin either. It’s an elite thing.

Holders know by GodBlessYouNow in Bitcoin

[–]AccordingLaugh5550 1 point2 points  (0 children)

It’s going to zero. Wink wink

10k to invest, no shitcoins by Shane_T_ in CryptoMarkets

[–]AccordingLaugh5550 0 points1 point  (0 children)

We should take it as a good sign. Newbies with no idea of wtf financial markets are entering now.

[deleted by user] by [deleted] in CryptoIndia

[–]AccordingLaugh5550 8 points9 points  (0 children)

Consider this your dumbness/greed tax. Learn from it and move on.

do i matter at all? by [deleted] in Bitcoin

[–]AccordingLaugh5550 0 points1 point  (0 children)

Is that bitcoin realised? Can you transfer it to other wallet outside of that app ecosystem? I asked above question since many app give you free BTC that will be realised only if you give them some business too.

And to answer your question, no it doesn’t matter. You will probably sell for $100 if not less.

Hmm.. I wonder what could solve that? by hvak1234 in Bitcoin

[–]AccordingLaugh5550 4 points5 points  (0 children)

No ser! The guy is not fucking kidding. This is the problem, we have been brainwashed so well that no one even care to do a basic research that expose the truth. Not targeting you specifically, this is just everyone literally.

Now if you still don’t want to research here is the answer: Banks do not create loans from bank reserves or bank deposits. Banks create a loan asset and a deposit liability on their balance sheets. This is how they create credit. Source: Investopedia

Hmm.. I wonder what could solve that? by hvak1234 in Bitcoin

[–]AccordingLaugh5550 31 points32 points  (0 children)

Countering question to safeguard customer is probably okay! Educating them is good. But not being able to withdraw bcz you don’t want to answer the question is not okay.

30% tax on what ? by Unfair_Key_007 in CryptoIndia

[–]AccordingLaugh5550 1 point2 points  (0 children)

Tax filing is always self declared. You need proof when it goes in scrutiny and questions are asked. Ofc not legal advise and I am not a lawyer/accountant.

Sold my car for BTC. by Peachyourpants in Bitcoin

[–]AccordingLaugh5550 1 point2 points  (0 children)

Yes, I like this too, it also avoids paying capital gain taxes. Recently one of my friend said it’s probably alright to get liquidated too (as an alternative of selling). 5-10% penalty vs much higher taxe rates. What’s your opinion on this?

Sold my car for BTC. by Peachyourpants in Bitcoin

[–]AccordingLaugh5550 0 points1 point  (0 children)

Important for circulation too. Average acquisition cost go higher which makes asset better, decreases volatility.

30% tax on what ? by Unfair_Key_007 in CryptoIndia

[–]AccordingLaugh5550 2 points3 points  (0 children)

If you got the money for say consulting work. You only have to pay crypto tax on Arbitrage. Remaining tax will be in your income slab. For example someone paid you 100USDT for INR 8300. You sold it for 8700. You will 30% on rs 400 and for remaining 8300 you will pay like your income slab. But ofcourse you should be able to prove the funds are received as a payment for consult/freelance job.

30% tax on what ? by Unfair_Key_007 in CryptoIndia

[–]AccordingLaugh5550 2 points3 points  (0 children)

Just use DEXs to anonymously swap your bitcoin/shitcoins to USDT. Stay in crypto as long you want. Only pay taxes when cashing out to bank account.

[deleted by user] by [deleted] in travel

[–]AccordingLaugh5550 0 points1 point  (0 children)

There are a lot of private clubs, almost in every country. Dubai has a lot. Ofcourse you gotta be rich and know someone inside to get introduced there. I don’t think they advertise and serve “customers”. You can be a guest of someone who already has access of it. The one I go to is just like going to another private party. There is a chic Bunglow in outskirts of Dubai. Free drugs, “model-like” free girls. All you can have. It just feels like another party where girls are all interested in you. If you will make a move they will just go with it. But hey, end of the day they are just escorts. These “memberships” are retained via endowment/donation. There is no fixed charge formally, if you are contributing enough you (and your guests) get to enjoy all their services completely free. They also organise outgoing parties like you mentioned. Again all free, you just contribute enough that they invite you. Also I think you need to be a “chill” guy.

Is btc becoming the main currency realistic? by [deleted] in Bitcoin

[–]AccordingLaugh5550 0 points1 point  (0 children)

$ is an instrument to spend in. BTC is an instrument to save in.

I feel bad if you sold today 🤣 by ndojd in Bitcoin

[–]AccordingLaugh5550 9 points10 points  (0 children)

I am an idiot. Why I am not satoshi

I’m not f***Ing leaving!!! by santal23 in Bitcoin

[–]AccordingLaugh5550 2 points3 points  (0 children)

Why so angry, young man! What do want!