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gravitas

░▒▓█ 𝕘Ｒαᐯ𝕀т𝐀ѕ █▓▒░

Another cool trick you can do, you may have heard the term “wash trading”, and how its technically not allowed and you’ll get in big trouble if you do it. Basically its when you purposely sell at a loss so that you can write it off on your taxes, but then you buy back about the same amount within a short period and keep holding it.

But this practice is totally legally if you do it with cryptocurrency, the rule literally DOES NOT APPLY. Now I want to be clear, cryptocurrency is not something you should consider an “investment”, but the one thing crypto is great for is money laundering, and boy howdy can you do a lot of it without actually breaking any laws just by leveraging that exception to the wash trading rule with crypto.

Follow me for more #InvestmentAdvice Tips and Tricks on how you too can use the legal loopholes formerly limited to the rich and well connected.

Maybe if enough of us start doing this stuff they’ll actually figure out how to make billionaires pay their damn taxes.

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