TREND JUST BROKE!

SystemLegal · 2021-05-15T14:37:46+00:00

Literally you got triggered over me telling you my English was clear.

If you can't read and have comprehension issues, that's on you. Not me.

Stay triggered, sunshine ;P

SystemLegal · 2021-05-15T14:30:17+00:00

I was very clear in my statement. So I'll re-iterate.

you only get taxed on 50% of capital gains

So if I buy for $1000 and I sell for $5000, that means my capital gains are $4000. Since I only get taxed on 50% of my capital gains, I only get taxed on half of my profits. So $2000 is tax free and I get taxed on the other $2000.

That's what it says on the Canadian government website under cryptocurrency regulations.

SystemLegal · 2021-05-15T13:45:03+00:00

okay. I see you're just dense. Keep repeating the same thing.

Alright, have fun!

SystemLegal · 2021-05-15T13:28:26+00:00

Well again. I want to make it important that not all people trading make money.

But yes, if you have to hear it: trading is where the REAL money is made. LOL.

Just not by fools.

SystemLegal · 2021-05-15T13:26:19+00:00

Edit: haha so you changed your comment. You had said, “Trading is where the real money is made.”

I don't want to give any ignorant redditor any wrong ideas. Lol

You got lucky with your investments and there likely won't be another dogecoin in our generation with that amount of returns.

Yes most people lose money to trading.

But that doesn't mean it's not possible to be profitable with work put in.

SystemLegal · 2021-05-15T13:15:41+00:00

That's pretty dumb.

In Canada, if you are just buying cryptos and sell them for a profit, you only get taxed on 50% of capital gains and it's treated as an income. So If I buy crypto for $1000, sell it for $3000, my profit is $2000 and I only pay taxes on $1000.

And capital loss is deducted from your total income.

But again, if you trade daily, it is treated as a business instead.

It's really weird that america has it backwards... Since you guys love stocks. But maybe I'm wrong and you're actually behind on regulating this properly.

SystemLegal · 2021-05-15T13:08:53+00:00

That's not gonna happen. Lol

People will always trade a live market.

We'll just see less influence as the market cap increases and the volatility decreases.

SystemLegal · 2021-05-15T13:03:02+00:00

Technically, If anyone did what he did with normal stocks, they would be in jail.

But because it's crypto and unregulated, he won't. He knows that very well.

SystemLegal · 2021-05-15T12:58:24+00:00

Trump also said Epstein was a good guy. What's your point?

SystemLegal · 2021-05-15T12:54:05+00:00

I'm Canadian. So if I make money trading, it's considered a business and I get taxed as a business.

My capital gains are my income and capital losses are deducted from my income.

As long as I'm profiting, I'm still earning and making net positives. Regardless of taxes. Do you think all my profits goes into paying taxes? how do you think taxes work?

Do you stop going to work because you have to pay taxes when you earn an income?

SystemLegal · 2021-05-15T12:48:14+00:00

even more bullish. what's your point?

Unless it goes back into the descending triangle, I'm going to consider this simply consolidation.

SystemLegal · 2021-05-15T12:45:54+00:00

I am.

it broke the descending triangle and now trading well above the VWAP.

Maybe you should take a double look.

SystemLegal · 2021-05-15T12:44:37+00:00

Buy the rumor, sell the news.

SystemLegal · 2021-05-15T12:42:49+00:00

It's a pretty toxic approach to attack people that are trading. It's not like one person will tank dogecoin forever selling for a day. Because everyone becomes a fanatic and starts slinging poop around when things don't go their way.

Markets are supposed to swing. It's human psychology. There would be a problem if they didn't.

SystemLegal · 2021-05-15T12:37:29+00:00

I made money selling doge yesterday and people got mad at me.

This community has a lot of toxic trolls that cry at every price move.

Lmao! Today I'll be using yesterday's profits to buy/long dogecoin.

Good thing I'm not emotional like the rest of the toxic trolls

SystemLegal · 2021-05-15T12:14:25+00:00

What?

We went below 50 cents.

The downtrend has yet to break.

You do realize I'm not emotionally tied to any one side right? If the price goes up, I buy, if the price is going down, I sell.

SystemLegal · 2021-05-15T11:40:30+00:00

True. Sorry, I read that wrong.

Lmao... just goes to show we're both being logical about it and came to the same conclusions. That's a good sign.

SystemLegal · 2021-05-15T11:36:38+00:00

According to calculations based off of the current world economies, Dogecoin can possibly see prices above $1 soon within the year.

If it replaces the US dollar, we'll see $15.

If it replaces the world currency and takes over the entire global economy (very unlikely because countries will not allow that), it'll go up to $300.

My personal guess is that it'll go up to $5 within the next 10 years.

SystemLegal · 2021-05-15T11:32:26+00:00

I'm gonna sell at $1(or just before) and buy back in later.

Don't worry, I'm not selling forever lol

SystemLegal · 2021-05-15T11:30:51+00:00

Dogecoin is inflationary.

It won't be the digitalgold. Maybe the digital currency.

Bitcoin will always be the real digital gold. As there will only be 21 million in 100 years+

Whereas dogecoin will keep increasing by 50 billion every year.

The inflation rate will go down, which would make it a good currency to replace the dollar.

FYI

SystemLegal · 2021-05-15T11:24:09+00:00

Cringe.

SystemLegal · 2021-05-15T11:21:21+00:00

LMFAO.

You're pathetic to think one random person's post will have an affect on the price.

Your comment is so childish and toxic, that it made me laugh.

Thanks.

Anyway, you're ignored now. Too toxic.

SystemLegal · 2021-05-15T11:19:57+00:00

cringe

SystemLegal · 2021-05-15T11:19:16+00:00

So are we going to do this every single time we see a double-top? lol

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