Quote from: exchange.blue on January 25, 2018, 04:13:20 PM

Quote from: DoctorMoney on January 25, 2018, 08:42:23 AM

Quote from: hoangtujuda on January 24, 2018, 06:52:46 PM

Hello my friends, I am a newcomer to the Trade and I have been Holding the potential coin. I realized one thing I could increase the amount of coin hold by trading them, for example I hold 100ADA then I sell for 0.6$ buy back at 0.56$. I have increased the number of coin. Be sure to buy the right one if you do not reach the target, and the last target is the one you want to target. That's the experience I've been drawn to, how do you feel? Can you trade more effectively?
P.s: I have a post for some of my new friends to refer to: https://bitcointalk.org/index.php?topic=2777983.0 , you have some advice for them, let me know by commenting on that, and this post is about the best way to trade.

You should understand by doing this, you're provoking a trading fees.

what does that mean? It means if you bought a coin held it for a while then sold higher, then rebought earlier means you're doing another deal in terms of taxes you will be paying twice not once.

means you will pay taxes for your trade on the first one , and trade on the second time you're buying thus this does not count as HODL (which means you buy the coin and hold it for a long period of time, this counts as normal trading .. as if this method good or not, it's basically replacing the base from dollars to that particular coin).

Who pays taxes on crypto profits lol ?

Actually, there is although is not named as Taxes rather Trading fees. The exchange gets a cut to every transaction done.

HorribleGuy01

Posts

Merits