Quote from: Shamie1002 on March 04, 2018, 11:55:17 PM

Quote from: stompix on January 25, 2018, 03:49:46 PM

Quote from: Franke666 on January 25, 2018, 03:03:48 PM

If I make money on crypto currencies. How do I avoid as much tax as possible?

Simple
1. Move to a country that has 0 taxes or lower taxes on gains made from crypto trading.
2. Sell your coins for cash directly in person, then stash the bills under the mattress.
3. Hire a pretty good lawyer specialized in this....

Depending on which country you live in you might get away with the second option...or end up in jail.

It would also be nice if you would tell us where you're from...
Since it's one thing if you live in the US or Moldova.

I would have given you merit if I have some left.

The idea is very much precise.

I do agree that is will be depending on the country you are staying and if it will be upholding the taxes for bitcoins. Government will find ways to deduct fees and taxes through technology too. Like for an instance, here in our country, wallets are deducting fees in transacting through remittances.

Upfront transactions, or user to user is quite helpful too.
No fees and you can sell them freely.

You are right if you do not want to pay the tax fee you can ask for your acquaintance that close to you to buy or to exchange your bitcoin into cash freely. You can't avoid paying taxes especially when you cash out you bitcoin into cash you must have to pay in remittance that where you get your money. Nobody exempted when it comes paying taxes because when getting money you need to pay for them.