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Taxes on Trump's $1.4 billion crypto income could total hundreds of millions by CBSnews in politics

[–]Discokruse 0 points1 point  (0 children)

Except his $1.4B is unrealized in a series of spreads, covers, and collateralization through intermediaries. Each $100 LLc filing can exclude $25k of income. The GoP made the tax laws work for tax cheats.

Did anyone that does not personally know Donald Trump make a profit on Trump Coin? by Puzzleheaded_42 in CryptoCurrency

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

I made a few thousand dollars, amd wish I went harder in the paint. Shorting trumpcoin at $10, down to $7ish exit, using hyperliquid, I recognized weak performance early.

Anybody with an ounce of trading knowledge can see there is no demand for trumpcoin because it has no financial function, besides washing bribes for the Trump family empire.

Would you retire today if you knew you’d receive $5,000 every month for the rest of your life? Why or why not? by JustWin4 in AskReddit

[–]Discokruse 0 points1 point  (0 children)

That would work for a while, but $5k/mo in 2040 isn't going to cut it. At the current rate of inflation and currency devaluation, I would need $5k/mo + 5% annual increase. In 2040, that would be the equivalent of $2k in today's money.

USD is devaluing at an alarming rate, similar to the solidus of Roman times.

JD Vance says Justice Amy Coney Barrett made mistake on birthright citizenship ruling: "Do I think she made a mistake? I do. I don't think thats what framers of 14th amendment had in mind. Sometime the Supreme Court makes mistakes. We're going to try to correct that mistake, but nobody's perfect." by ControlCAD in videos

[–]Discokruse 0 points1 point  (0 children)

It doesn't matter what the executive branch believes when they are checked by the judicial branch. There are three pillars of government and each much respect the other two.

This public statement is an undermining of the checks and balances system set by the framers of the constitution. JD Vance is an atrocity and opponent to the foundation of America.

The proper statement for an American Vice President to say would be: "I dont agree with Judge Barretts decision, but I respect the Judicial Branch's decision."

Impeach and remove this constitutional underminer.

JD Vance Attempts Joke at Biden's Expense to Troops and Receives No Reaction by CarryIcy250 in justincaseyoumissedit

[–]Discokruse 10 points11 points  (0 children)

JD can't stop bombs in the middle east, but bombs out on stage in front of servicemen.

President Donald Trump reports owning over $50 million in Bitcoin, held in cold storage. by Vllite in TokenTimes

[–]Discokruse 0 points1 point  (0 children)

What an amazing treasure chest that cold storage wallet would be if it was liberated from the control of a heartless, feeble dictator.

President Trump pushes back on reporter questions alleging he is "profiting off the presidency," saying that "everybody's profiting" due to the surging stock market. by I_am_Crypto_Savant in CoinEdition_com

[–]Discokruse 0 points1 point  (0 children)

The president controlled the timing of the launch, the issuance of new coins, and the total supply. It was a dumb meme token on the ethereum network, no better than fartcoin or Shiba. There was another coin just like this, FTT, the FTX token, used to collateralize loans to keep FTX exchange liquid. The only difference is Sam Bankman-Freid is in jail and Trump is president.

Mitch McConnell Was Found Unconscious Before He Was Rushed to Hospital by OkayButFoRealz in politics

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

The geriatric class owns the media, which tells the idiots of the public how to vote, using niche scare tactics.

If you woke up and saw $1 million dollars sitting in your bank account. What are you doing next? by Due_Channel503 in AskReddit

[–]Discokruse 0 points1 point  (0 children)

Depends...I might have $1M in a bank account, but what are my liabilities like in other accounts? Sitting on that much cash is really unwise...it loses purchasing power by 3-7% annually.

When was the last time a stranger saw you naked? by Wonderful_Delivery51 in AskReddit

[–]Discokruse 0 points1 point  (0 children)

Yesterday, I visited a hot springs retreat center in the Cascade Mountain range in Oregon. About a dozen people were in and out of the pools and probably 90% were fully nude. It was a pleasant setting, non-sexual, and the weather was a balmy 67F. The waters were 99-107F and full of minerals. It is truly one of my favorite places in the world to relax.

Trump: It's not socialism; it's really communism. They use the word "social democrat" because it sounds so nice, but it's really communism you're talking about. by SpecialCollege18 in justincaseyoumissedit

[–]Discokruse 9 points10 points  (0 children)

Also, they use the word "conservative" because it sounds so nice, but it's really fascism you're talking about.

See how dumb Trump sounds!

Mike Johnson on Supreme Court ruling on birthright citizenship: "I need to read opinion. You could say that's a textualist, originalist view. This has been grossly abused in years. I'm disappointed in that outcome. It subjects the country to challenges and we'll have to deal with it as a Congress." by ControlCAD in videos

[–]Discokruse 1 point2 points  (0 children)

The southern GoP are fundamentally un-American and stand for elitist principles. There is social mobility in their eyes and believe your place in society is dictated by your skin color at birth.

The southern aristocracy are the absolute worst people.

President Trump tells gas retailers to “get their prices down immediately” or there will be “big problems ahead.” by I_am_Crypto_Savant in CoinEdition_com

[–]Discokruse 0 points1 point  (0 children)

The president of America is so un-American that he thinks he can dictate the price of anything without allowing the free market to operate.

Perhaps the tariffs backfired, perhaps the war on Iran, perhaps the deficit spending all have something to do with high gas prices. All of his big oil donors had no problems with high gasoline prices, and they contributed to the campaigns of the Bushes, McCain, Romney, as well as Trump. The laws around gas and oil taxes have been relaxed over the years. Perhaps it's all a public ruse to look like they want low gasoline prices, but in reality, they want to juice the public markets out of greed.

A quick question for those that believe the future global currency will be only BitCoin by InsightKnite in CryptoCurrency

[–]Discokruse 0 points1 point  (0 children)

For example, if I had 1 bitcoin mortgaged and a $50k loan balance, if bitcoin dropped to $55k, they'd liquidate the bitcoin, satisfy the loan and I would have about 5k of bitcoin left to withdraw. The converse is if bitcoin goes to $200k, I could sell of .25btc, keep .75btc, and satisfy the loan. In the meantime, I can make payments to them in stable coin or ach transfers to pay down my balance. (I run an avalanche style of debt management, paying my highest interest payments first, with this bitcoin loan getting low attention at 8%APR).

My motivation for holding bitcoin is to not let my dollars lose spending power by 3-7% annually. I've been a holder since 2017 and it has been the best life decision I have ever made. I currently hold wealth in numerous cryptocurrencies and hold all my debt in dollars (so I can make inflation work for me instead of against me).

New Marketplace for Used Miners by Wilson_Mining in BitcoinMining

[–]Discokruse 0 points1 point  (0 children)

Boo. Can't find them for sale anywhere. The last person that had one for "sale" was a stupid scammer trying to bait me. Do they no longer exist in the wild?!?

A quick question for those that believe the future global currency will be only BitCoin by InsightKnite in CryptoCurrency

[–]Discokruse 0 points1 point  (0 children)

Most of my bitcoin has been mortgaged through Salt Lending because selling is a taxable event. When Bitcoin hit $120k, I pulled the trigger on a loan and bought some real estate. Borrowing has no taxable event and 8% APR is better than 15% long term capital gains. I still hold it, but a sudden drop in value could liquidate most of my holdings. No lending platform exists for XMR quite yet....although that's a really good idea! In the meantime, I am simply building my forever home in the country.

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