I hope we see a recession or depression within the United States economy to send more money into cryptocurrency. Cryptocurrency marketcap would skyrocket. Btw it is easier to hide your cryptocurrency profits from the irs as long as you keep what you don't want to pay taxes on away from banks, coinbase, circle, PayPal, etc. Localbitcoins for cash is your friend. Just don't sell more than $10,000 worth of btc for cash per transaction. More than $10,000 in cash must be reported to the irs if it occurs within the United States. Either way as the cryptocurrency world grows the irs won't be able to keep up. Cryptocurrency is very complicated to track especially if you keep fiat out of the banks or services tied to your legal name. Lisk will be a clean start since we will be issued LISK for participating in an ico "donation". Newly created form of value. It is ghost money until you send it to a service or bank tied to your legal name. Prepare for the new millionaires of cryptocurrency the Lisk community and it's early adopters!
What an incredibly selfish thing to say - hoping for a recession or depression to benefit from financially while the many suffer. And do you know if it happens soon, Crypto won't be ready and your plan can backfire?
Also bad IRS advice. After the patriot act, they lowered the amount WAY down, think to $3,000.
Its about sharing, not profiting while economies crash. That makes you just like the banksters.
$3,000 US is if you deposit into a bank account which is automatically report by the bank or a money service that operates in the United States. $10,000 or more for any transaction of cash must be reported by you. How would they know you won $14,000 in a private poker game unless you tell the irs. Guess what most ppl won't report it! Only ppl who play by your rules will. It isn't about being selfish. It is coming either way. Don't waste a crisis because there is always opportunity to make money. Many businesses , millionaires , and billionaires were created in the last depression in the United States. You may share all of your profits and I will do as I please with mine. Yes ppl will suffer but if you warn them today that a recession or depression is coming soon and they should invest in cryptocurrency they will laugh or ignore you. Only the few listen. So the few that will listen will be rich. I am not causing the recession or depression so I'm not like the bankster. I'm a capitalist and a survivor!
