Topic: Number 9! Ninth altcoin thread. Back to the moon Baby! - page 144. (Read 66416 times)

I'm happy I'm not a US citizen/resident. We live in a world where the honest man is usually the one getting it up the poophole, while the rich and powerful have schemes upon schemes to hide money away and not pay taxes. There's a scandal coming up about every three months, everyone's shocked, yet nothing ever changes. The rich get richer.

I'm really looking forward to crypto taking over fiat money. It won't happen tomorrow, but it will, someday. Just like the internet has fundamentaly changed the way we interact with each other. Why do you think they pressure all the big centralized exchanges to force KYC on everyone and ban anonymity/privacy coins? Because they are scared to lose control over their own citizens. Fiat money, your bank account, your credit card, are all ties to centralized systems. Have you tried to live without a bank account? Pretty much impossible...I know in France for example, you can't withdraw more than 1500€ without having to justify why. It's your own money, but you can't do what you want with it. If you're getting a deposit of more than 1500€, the bank will call you because they blocked the deposit, requesting you justify where the funds come from. wtf seriously.

Oh well, I guess I'm becoming a paranoid hippie while I'm getting older :-p

snip


This way I get a decent UI yet pay the api trading fees.

How hard is it to use their API to do this?

Because I can't even switch from the simple interface to the ActiveTrader interface. Its a big hassle and you need to email them and wait to be approved first.

A few weeks back when ETHBTC was low, I wanted to buy some ETH with my BTC which was sitting there doing nothing and turns out you can't even do that.

You can only Buy or Sell the Fiat based cryptos like BTCUSD, ETHUSD, LTCUSD,BCHUSD, and you can't do ETHBTC or BTCLTC, etc. You could do this a year back or so but with this simple interface you don't even have that option.

So to get the API trading going, do I need to be aproved first or can anyone do this?

  If I was a sneaky prick  I would not have been picked up.
I am picked up because I efforted to be a compliant taxpayer.


  I have a degree in accounting  which really annoys me  as a lot of the rulings make no sense on an accounting level.
I a going to drive to the beach and have some fund walking the boardwalk with my wife when I come back I will do some more research on how to correctly comply.

Part of what is wrong  is simple transfers of coin out of coinbase.

Coinbase does not know where the coin goes so they  show it as a cap gain or cap loss.

*snip*

I still think that it is coinbase fault as transfer out should not be a liquidation by default.
If I send btc to coinbase, do they consider it a BUY?
If yes, then it is ridiculous and a REALLY bad accounting standard.

Example: Say, I send 1 btc to coinbase when the price is 15K. Now I am withdrawing the same 1btc at 9K.
Do they think that it is a $6K loss? If they do, then they are negligent/in error.

Part of what is wrong  is simple transfers of coin out of coinbase.

Coinbase does not know where the coin goes so they  show it as a cap gain or cap loss.

but if you moved it to your core wallet it is nothing a wash and coinbase reported the transfer as a liquidation thus causing a cap gain or loss.

Trade using their API. Costs 0.1% if maker trade, or 0.35% for taker.

are you going to shutdown your solar mining farm?

Yes I did that in the past, had to open up a US bank account and set it up with Gemini. It was a pain in the ass however because due to their strict KYC, you have to send them a wire first and then they send you wires out.

The issue was that my bank didn't know how to send the wire correctly, finally they decided to call the receiving bank and got the proper instructions and it went through. Almost gave up... so you might have better luck then me. If you get some lazy teller then most likely they won't send it properly.

And yes the fees are very high. Gemini upped its fee again to like 1.5% from I think 0.5% when I joined and you also get charged a 2.5% fee when you convert into CAD funds.

 Not legal I don't want to run under the radar. Simply not my style.

I will knock out the paper work and shut the business down this year.

Only way to go.

I will knock out the paper work and shut the business down this year.

Only way to go.

this might work  



Bob can also withdraw to any of his 2nd or 3rd bank account and deposit over the counter to his ATM account that Adam has to use in the USA

Bob can also request to increase withdrawal limit to his ATM so the 'abroad withdrawal fee' for Adam (Bob's ATM card) can be minimized over all.

some banks charge higher withdrawal fee abroad, choosing the right bank to withdraw is a must.

  If I was a sneaky prick  I would not have been picked up.
I am picked up because I efforted to be a complainant taxpayer.
I have a degree in accounting  which really annoys me  as a lot of the rulings make no sense on an accounting level.
I a going to drive to the beach and have some fund walking the boardwalk with my wife when I come back I will do some more research on how to correctly comply.

This is why I rail against the government getting involved in things. They ruin everything.

It is pretty sad and somewhat depressing.

This makes me very happy that I am in the sub-10K mark and did not receive any notice of any kind;  from coinbase or the IRS....

On top of which;  My actual income last year was pretty pathetic...  near zero as I was only well enough to resume my work as a surveyor for around 2.5-3 months and got a 100% refund.

This year;  I have only made one GDAX sale of BTC, and that was right near 10K, I think I sold .005.... and put that directly into a buy order at around the 6K mark for the chance a flash-crash happens.

I have however transferred around or exactly .05 multiple times back and forth to GDAX and back to my coinbase wallet because of the market movements, sitting ready to hit the button if the market did what I thought might happen (but didn't).  I only keep at-most .5-.10 in coinbase;  even they can go insolvent and I am highly weary of that to this day.

I wonder what the difference between the records of pro and GDAX are/were;  I haven't looked into the details that separate them, but it irks me knowing I sold at most $300USD to cover rent twice;  but the reports of my wallet/total amount I had in that time was in the magnitude of multiple thousand... which just doesn't add up in my eyes (it was pro back then), and those sells/micro buys were for literal gains of maybe 10K satoshi each, or just for a selloff to be able to pay rent.... yet coinbase said I had multiple thousands in value when I personally know I had .5 in my offline personal wallet not associated with them.  I can see the old PRO buys/sells in my GDAX history as well (from pre-2017).

I was very uneasy about any exchange back then (still weary because of the MountCocks fiasco), and only sent to coinbase when I wanted to spend it; and the Tx fees were very small (very pre-2017).

So overall, this is why I am lucky I am 100% under the radar, and a lot of it was traded F2F for other assets back then so I could flip those assets and equalize my rent concerns....   Being out of work;  I had to make ends meet somehow, and with the most amount of profit on my end.

Yes I did that in the past, had to open up a US bank account and set it up with Gemini. It was a pain in the ass however because due to their strict KYC, you have to send them a wire first and then they send you wires out.

The issue was that my bank didn't know how to send the wire correctly, finally they decided to call the receiving bank and got the proper instructions and it went through. Almost gave up... so you might have better luck then me. If you get some lazy teller then most likely they won't send it properly.

And yes the fees are very high. Gemini upped its fee again to like 1.5% from I think 0.5% when I joined and you also get charged a 2.5% fee when you convert into CAD funds.

Yes- I quit using them when it took more than two weeks to get out $$ in January 2018. A friend had even bigger amounts that took him 6 weeks to get out ...just before Quadriga went extinct 11 months later.

I haven't cashed out into CAD $ since Jan 2018. I've been holding some of my crypto in TUSD and USDC instead. Once I find a safe Cdn Exchange, then I'll cash out some.

Currently, I'm exploring:

A. Coinsquare and Coinberry. Not sure i like their fees.
or
B. I might set up a USD bank Account thru TD or RBC... and cash out in USD through Bittrex or Gemini. But that will mean other bank fees when I convert it to CAD $.

How are other Canadians on this thread doing this?