If you have been following this blog for a while now, you will know I lost some money using some non mainstream cryptocurrency exchanges where I was trying to find a platform which wasn’t going to charge me such extortionate fees for swapping my coins.
I sold all my crypto last year as I was incredibly discouraged at the bad name or image it has. And with plans about being taken seriously, the mention of Bitcoin seemed to be doing more harm than good, virtually everywhere I went.
I’m pretty good at logging in and rescuing a bitcoin account on major trading exchanges. And if you register for big names like Blockchain.com they occasionally give you free money in the form of AirDrops.
This took my interest when I saw today a video conference on how to present cryptocurrency earnings for tax purposes.
After all, in 2019 my main concern was… not being able to present Cryptocurrency assets well in a professional audience. Plus my family really don’t like things that can be misunderstood for tax evasion. And even not understanding tax evasion, isn’t necessarily a way out of a tax investigation from HRMC.
And I suppose I can quietly dedicate this post to ‘Anthony’ who stole some money from me on his ‘Cryptofxspace’ but had a wonderful motto that Knowledge is power for any trader and you have be wiling to lose something, but let’s not make ourselves in the position where our losses affect our families.