Lol this sky is falling thread aged wonderfully. Why is jbyrd hoping for this to fail?

Why should crypto investing be tax-exempt? If you and I have to pay taxes on our earnings, why shouldn't everyone.

It already falls under capital gains. What this bill as far as I understand it does is impose additional reporting requirements.

Just for fun, last week of crypto price charts....

I have no interest in owning crypto but understand fully why the swamp is after it. When a credit card is used it runs through up to 8 hands all filling their pockets. In turn those pockets fill the pockets of the politicians in the swamp. Crypto undercuts all those hands so it must go.

Not according to the all knowing ones

Not hoping ! No dog in this fight. BUT in order for the world to go back to some what normal , all this MAKE BELIVE money needs to correct itself. Until the market and interest rates are where they "should be based on the rate of inflation. Higher prices for EVERYTHING will continue. I'm waiting on the real estate to crash and burn then I'll jump in for some bargains. IT WILL HAPPEN as soon as the feds quite throwing money left and right into the economy. I waited too long not getting into the market so that ship has sailed. Not getting in while record highs happen.

Please explain the eight hands evolved in a credit card transaction. Inquiring minds want to know how it feeds politicians, etc.

A credit company just offered me $15,000, interest free. I pay nothing for their money assuming i repay on schedule, which I would. I don't send mine to politicians.
When I buy something with a credit card, I pay on time. No interest. The retailer takes a small hit for the convenience of selling to me.
They make their money from undisciplined spenders.

No Capital Gains tax, if you move to Porto Rico

No federal income tax either.

This thread is really aging well.......

WOW 50,000 yep sell sell BEFORE the feds start taxing it LOL !!!!

What do you think the Taliban is going to use for Currency? They will be the needed excuse to regulate Crypto imo. I'll keep playing the downside of Crypto not the up.

BINGO WE HAVE A WINNER !!!!!!!!!!!!!
Once the feds investigate this type of make believe money someone is going to be crying.

How many times must it be explained that crypto currencies are not untraceable. There are ways to launder it or transfer it physical wallets which are all highly suspect to frauds as they typically involve criminals...

You ever "seen" a bit coin? I ain't seen unicorns or sasquatch , My parents said things you can't see touch or feel were make believe..... But world is full of koolaid salesmen

You are an amazing individual. It's about 4pm in Kentucky. I'm gonna hang it out there and say you prolly aren't at work.

Any trade on any market is a risk. Some more so then others. That is the nature of it. Fortunes have been made and loss. All in the same day. It is up to an individual what they are comfortable trading and investing in. Crypto is just another form of currency. I personally don’t invest in it. Because I don’t understand the concept. But many do. So have at it. Make a fortune. Stock market for long term is by far better then anything else at this time.

Not terribly different than our current fiat currency other than who sets the value....private individuals or governments.

That kool-aid sure has made a lot of people rich. Unfortunately like you I don't understand it or how it gets value so never bought in when I could have afford it. I wish I did now though. I would be retired.

I don't pretend to understand crypto but I do know a young man a few towns over who is into it and he just bought a new truck had work done on his house and paid it off with profits from his investment so I think it is a little more than make believe. Oh yes he still has a large sum invested.