Texas man indicted for failure to report crypto gains

Scataphagos said:
No. Sort of like now. Mostly "hopers". Couldn't be "rich" traders... some of the Bid/Ask prices had zero contracts listed.
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Really?

From you experiences and opinion, why do you think right now there are no rich ES retail traders? Many struggle and have some frustration.
 
SimpleMeLike said:
Really?

From you experiences and opinion, why do you think right now there are no rich ES retail traders? Many struggle and have some frustration.
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Just like always. A low percentage "get it" and prosper. The rest are trying their best to figure it out.
 
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Scataphagos said:
Just like always. A low percentage "figure it out" and prosper. The rest are trying their best to "get it".
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The basic concepts of "Price TA" are as they have always been...

"Buy Support
Sell Resistance
Chase Breakouts... both directions
Trade with stops"

But there are other challenges... mostly the ones between a trader's ears.

"Get 'em mostly right"... and it's like finding money in the street. Screw something(s) up and it's a struggle. Never going to be any different.
 
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BMK said:
Feb. 7 press release from the US Department of Justice:

https://www.justice.gov/opa/pr/texa...rns-falsely-reported-his-cryptocurrency-gains

This is not a simple IRS audit of some guy who made $15K trading crypto and thought the IRS would not notice because there was no tax reporting.

This is a major criminal case that is meant to send a message.

Dude's gonna do time.
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Absolutely. For that (a couple thousand). The IRS would just adjust the taxes owed and send a bill with interest. I plead the fifth.

One more thing. If people don't want to pay taxes on their gains, then they should consider moving to a country that doesn't tax capital gains, or at the very least ones who charge a low flat rate.
 
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Scataphagos said:
The basic concepts of "Price TA" are as they have always been...

"Buy Support
Sell Resistance
Chase Breakouts... both directions
Trade with stops"

But there are other challenges... mostly the ones between a trader's ears.

"Get 'em mostly right"... and it's like finding money in the street. Screw something(s) up and it's a struggle. Never going to be any different.
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Hello Scataphagos,

Everything you said is correct. I agree with you fully.

I mean, there is no option.
 
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There is nothing wrong with putting young hard working people in prison. Prison is the american way. Hard Times is REAL. Soon, the black vans (electric vans like Amazon prime) will be loading crypto traders and taking them directly to federal prison.

Crypto Courts is now REAL. Crypto Lawyers, Crypto Judges, Crypto Bail...

CellBlock Coin... CellBlock.X --- yes..you can pay bail with CellBlock Coin
 
d08 said:
Should have just opened a storage box in a bank and stored the cash.
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I had go back and read the article instead of scanning it, because I thought he sold it on the exchange. But no, he sold it to an individual. So, yes, he should have stored his money in storage box.
 
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