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You are totally right. But hear my case. What if you were doing arbitrage between CEX and P2P DEX (paid in fiat). Of course coninjoining in between and separately from your stack. The profit margins are just too high and after all someone needs to add liquidity to those kind of DEXs.
Because of the fiat payments, there's a high chance the bank snitches on you and someone comes asking questions. How do you justify those? And of course there's the trace of buys in the CEX anyway. So I would like to find the cleanest way of doing this and don't particularly care about paying taxes for those gains (because the risk of not doing so is not worth it).
If it was only buying Bitcoin on P2P DEX it would be stupid to declare anything of course. But this case is different. Or am I missing something?
doing arbitrage between CEX and P2P DEX (paid in fiat)
TOTAL BULLSHIT FIAT MAXIMALISM !
FUCK THAT SHIT !
That's not a case, is total idiocy. GTFO.
I hope that you get taxed so hard that you will have to sell your pants for that shit.
I don't see it that way tbh. Most people get paid in fiat. Selling BTC to them and giving the fiat to the CEX is not even close to fiat maximalism. If anything, it's Bitcoin maximalism.
So, what's the cleanest way of doing so?
I don't see it that way tbh
BECAUSE YOU ARE A RETARD
How did you get your coins then? Look, you are being super dumb but I know that you aren't. You've created a lot of helpful content and I'm sure you could educate me and other users if your replies had more depth than “you are a retard”. I got the point, now please explain why.
I EARN them.
Demand to be paid in BTC, not fiat.
how? and how do you prevent your payer from reporting it to a tax agency.
read my guides
Please @DarthCoin what other earning methods do you use for accumulating your btcs aside write2earn?
Bur after a second thought, if bitcoiners don't pay taxes, what's up with the US tax laws on whales like bitlabs? The taxes mustn't be onchain, and even onchain there are fees which could be considered tax 😉
LOL another retard. Go away.
I'm surprised by the lack of humbleness tbh. We all have to learn. And we do this thanks to others that teach us through mentoring, books, ... When you had doubts and curiosity during your learning path were you treated this way?
Better learn the hard way, when somebody is slapping you in the face and telling you the truth. Only that way you can wake up and go back to read what you missed.
If you are a snowflake whining, you will never learn anything in your miserable life.
Take it easy on @kik, not everyone has the guts to learn the gard way. Not everyone has the guts to question the already laid patterns of life even when it's uncomfortable for them. 70% of humans prefer sticking to status-quo instead of questioning what is and what's supposed to be.
What exactly do you think I'm doing? this is literally questioning what it is and what's supposed to be.
He was calling YOU a retard this time, so maybe now you see my point about the lack of humbleness.
You honestly made me think and realize some stuff. I've re-read some of your guides and found answers that I hadn't care for before. But I still have a lot of open questions.
I was beginning to wonder... you've got a big mouth though @DarthCoin
LOL are you a retarded slave? Only fiat slaves pay taxes. Not bitcoiners.