No Americans Allowed - Thanks USA Taxes

You know, it is sad when other countries businesses block or ban another country due to the new tax laws released January 2018. When you take a step back to really see who this new tax law impacts? Everyone, not just USA but also the website or coin investment opportunities.

Not just crypto investors but also the things they shop for, the money is going to other countries and not coming into USA. People will find a way if they want it bad enough will find way to purchase crypto but caution in the wind.. those who invest, use or accept crypto are and have been judged to be supporting crime. Ahh.. what does not support crime? Myself, no I have no interest to support or be part of anything related. Simply testing the crypto world that is still new to many including myself.

Talking about crypto and how the world is changing.

For example

United Kingdom website.
https://indacoin.com

This website promotes easy to purchase Bitcoin with major credit cards but not accept any USA address or billing information as in banned to purchase BTC. They are accepting credit card payments from VISA / MC etc.. are those not USA companies?

Mastercard International Incorporated
Purchase, NY 10577 USA

Of course Visa/MC partner with banks worldwide but still the card and payment system is controlled by the card supplier (based in USA) for all the globe. So, if countries and other businesses are banning USA from using their websites. Then the credit card companies should not be allowed to do business with them. How is a one way street correct?

Right?

What can we do about it
Myself, I burned all my credit cards years ago and 100% debit free. I decided to do without things and go for the simple life without added stress and crazy high interest rates and all those fees! Crypto does away with all that. Either you have the money or you do not.

There are many ways to get crypto and each day it's becoming easier as new websites that offer IO's mostly already in business accepting Paypal, cc and even wire transfer without blocking usa. For example: ezbuycoin look it up, very basic website but I've tested it and got my coins. By the way, I did that using only faucet funds.

One very popular way is to simply mine for the coins they want. Might take a while but you do not have to get the whole coin one can mine for percentages. Some still do not fully understand this but I've got 100's of coins for $0.00 investment, no cc and no wire transfers simply using two laptops and a couple of android phones. So, it can be done.

Thank you USA Taxes for opening the door for other countries to take the lead. And to those banks in USA that are closing peoples accounts because they are buying coins. I bet a few of those banks if not most invest heavy on Bitcoin and cashed out just at the right moment when it was sky high in December 15, 2018.

What are your thoughts

One Other Thing
The USA Taxes on crypto is all about each transfer or transaction.. let's see now. The Stock Market in NY for example. They trade and keep it in the exchange and do not pay taxes until withdrawn correct? If so, then should each of those trades that take place all day long be taxed too or are they already? Asking cause really I do not know since I've never traded in the stock market. Anyone?

Scott "Snerdey" Lawrence
Webmaster / Investor / Crypo is a FUN Hobby :)
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Disclaimer: Visa and Mastercard are registered trademarks and not affiliated to me whatsoever. I write my personal views and opinions regarding the global changes and how laws are creating more dividing lines. This is not financial advise do your own research and find your own conclusions. Seek advice from professional services before investing.

One more thing..

Happy Valentines Day!