How do I calculate my taxes?
If you've bought crypto, HODLed, and sold it later, your tax liability should be fairly easy to calculate. Let's look at a simplified, US-based example. First of all, we need to figure out our capital gains or losses in US dollars. Here's the formula: Fair market value - Cost basis = Capital gain / Loss The fair market value is the current spot price you'd find on an exchange like Binance. Cost basis is the original price you paid for the asset plus any fees. Imagine you b...
How do I calculate my taxes?
If you've bought crypto, HODLed, and sold it later, your tax liability should be fairly easy to calculate. Let's look at a simplified, US-based example. First of all, we need to figure out our capital gains or losses in US dollars. Here's the formula: Fair market value - Cost basis = Capital gain / Loss The fair market value is the current spot price you'd find on an exchange like Binance. Cost basis is the original price you paid for the asset plus any fees. Imagine you b...
A letter to Xiaobai in the currency circle 3/3
Although the cryptocurrency market is very risky and there are many uncertainties, it does not mean that we should not touch it. If you are sure about the future of the cryptocurrency market and you think this is the future trend, then you should devote yourself to the cryptocurrency market and get rich by investing in cryptocurrencies. After thinking about it clearly, then you must start to learn this knowledge, you can't just look at the trend, it is meaningless. You need to take the t...
A letter to Xiaobai in the currency circle 3/3
Although the cryptocurrency market is very risky and there are many uncertainties, it does not mean that we should not touch it. If you are sure about the future of the cryptocurrency market and you think this is the future trend, then you should devote yourself to the cryptocurrency market and get rich by investing in cryptocurrencies. After thinking about it clearly, then you must start to learn this knowledge, you can't just look at the trend, it is meaningless. You need to take the t...
A letter to Xiaobai in the currency circle 2/3
Even if we have, we can't be proud, and we must always maintain an open-minded attitude towards learning. You always have to believe that getting rich won't happen to you, and you can't let yourself encounter it. Because only in this way, you can maintain a normal mentality to invest, instead of rushing for success and delusional wealth. The mentality of getting rich overnight is very gambling, which is not conducive to investment. If you think of investing as a gamble, then yo...
A letter to Xiaobai in the currency circle 2/3
Even if we have, we can't be proud, and we must always maintain an open-minded attitude towards learning. You always have to believe that getting rich won't happen to you, and you can't let yourself encounter it. Because only in this way, you can maintain a normal mentality to invest, instead of rushing for success and delusional wealth. The mentality of getting rich overnight is very gambling, which is not conducive to investment. If you think of investing as a gamble, then yo...
A letter to Xiaobai in the currency circle 1/3
Many people may not know much about what is blockchain and what is cryptocurrency. I guess that you may have entered the currency circle under the influence of various legends of getting rich, and the purpose of coming here may also be with the idea of getting rich. If you really think so, then you need to wake up and I'm going to throw some cold water on you to calm you down. The saga of instant riches won't happen to you, you won't have such a chance, sounds very disappoint...
A letter to Xiaobai in the currency circle 1/3
Many people may not know much about what is blockchain and what is cryptocurrency. I guess that you may have entered the currency circle under the influence of various legends of getting rich, and the purpose of coming here may also be with the idea of getting rich. If you really think so, then you need to wake up and I'm going to throw some cold water on you to calm you down. The saga of instant riches won't happen to you, you won't have such a chance, sounds very disappoint...
