Buying $5,500 of BTC would cost $101.23 SPREAD FEE. So then you’d only actually get 5,398.77 worth of BTC.
THEN whenever you sell it, probably cost even more “spread”, THEN you have to pay CAPITAL GAINS TAX (10-37% according to Google, I thought it was a flat 36%, I guess not) which might get raised EVEN MORE after this year……
How is anyone actually making any type of decent income from this?
I guess the 29.99 for CoinBase One would be worth it if actually consistently making profits? I can’t imagine there’s anyway to avoid “spread” or “gas” fees completely?
Should I sign up for CoinBase One if I seriously want to try and trade? HODL’ng isn’t worth my time or money at this point.
It’s either this or affiliate marketing, but I don’t have much hope for that, I don’t have years to wait or build up sales/income, I need to grow my income much sooner than later.
submitted by /u/AImoneyhowto
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