How to Use Your Bitcoin as Collateral to Make Thousands Tax Free!
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@MeqwMage 3 жыл бұрын
I really appreciate you/your team linking me to this video. I am totally hooked on your presentation style and content of the videos and planning to binge watch but, as a newer subscriber, this link really helped jump me to what I wanted.
@jessjannicia2930 3 жыл бұрын
*Investing make up the top notch hemisphere of wealth.That's the more reason one should save and invest to secure more profit and ensure success.*
@David-nw9qy 3 жыл бұрын
For me investment like stock and forex has become very profitable and good option to securing a better financial life, that's where I belong and survive from.
@maryjohnson1568 3 жыл бұрын
Exactly many top dogs out there do it, I mean that's why they are at the "TOP, I really think everyone looking to get some financial security should make forex and bitcoin investment.
@georgesmith9461 3 жыл бұрын
Although I don't manage or make my investment myself Lol, I let an expert do all the analysis and calculation.
@mackrobert4118 3 жыл бұрын
You don't need someone to tell you how to invest your coins, you can also make researches and try doing it yourself.
@claryzac1213 3 жыл бұрын
I thought of Investing in forex last two years but I was discouraged by my friends, is it wise investing in it now?
@gabrielgoldwoulfe2277 2 жыл бұрын
Sure you are absolutely correct that is exactly what I was looking for and exactly I think the case most people should learn how to do!! Absolutely perfect!
@mastermined7443 3 жыл бұрын
I love these short clips from the longer live-streams, great work guys 👍
@livetraders6645 3 жыл бұрын
I have discovered a much more profitable way for helping beginners and Crypto students in growing their knowledge concerning the markets by helping out with their trades while they watch and learn at their first stage , and at the same time build their own portfolio, Frank has introduced me to a best strategy for making good profits, his Email
@livetraders6645 3 жыл бұрын
1frankwilliam9 @Gmail com
@cadifjared3020 3 жыл бұрын
The market is a mess and out to get me. I watch a downtrend for hours and the second I sell it bounces. As soon as I buy it starts dumping again, kinda getting suck of it tbh
@elizabethbake3951 3 жыл бұрын
You have paper hand😔
@donnadesiletsmenzies3047 3 жыл бұрын
95% of trader lose learn to hold. No one goes from broke to rich without market pain. Stop selling and buying on emotion. Buy. Hold. Get through the pain. In 10years you"ll do great. Don't buy meme coins
@FelipeSouza-hg2hn 3 жыл бұрын
Don't sell instead buy
@maryannalspaugh4725 3 жыл бұрын
Wise wordsYou are right sir, thanks for introducing me to Robert Farrington , we get to see people poor due to ignorance.
@bobbijohahn1374 3 жыл бұрын
Not due to ignorance, it's just because of the high rate of unprofessional brokers in the business
@ericmeyer9815 3 жыл бұрын
Mark you rock! You are a "giver". I have an appt with one of you associates on the 17th and it can't come soon enough. I need a mentor! I appreciate the knowledge you GIVE in a word that is full of " the takers ". Best, EZ Meyer Contractor
@bradynields9783 3 жыл бұрын
I like this, you're definitely onto something! I was planning on using the borrowed cash to purchase more BTC to collect more like kind interest. Now you've given me more ideas. Much appreciated!!
@livetraders6645 3 жыл бұрын
I have discovered a much more profitable way for helping beginners and Crypto students in growing their knowledge concerning the markets by helping out with their trades while they watch and learn at their first stage , and at the same time build their own portfolio, Frank has introduced me to a best strategy for making good profits, his Email
@livetraders6645 3 жыл бұрын
1frankwilliam9 @Gmail com
@jimward2588 3 жыл бұрын
I Love your station. Thank you. I’ll be calling you
@livetraders6645 3 жыл бұрын
I have discovered a much more profitable way for helping beginners and Crypto students in growing their knowledge concerning the markets by helping out with their trades while they watch and learn at their first stage , and at the same time build their own portfolio, Frank has introduced me to a best strategy for making good profits, his Email
@livetraders6645 3 жыл бұрын
1frankwilliam9 @Gmail com
@Primal_Primat3 2 жыл бұрын
I subbed just becasue of the way you said "doge" XD Great stuff.
@3pdad 4 ай бұрын
Can you borrow from Bitcoin to purchase more Bitcoin?
@sstefaniak1103 3 жыл бұрын
I'm interested
@BrokeTheSeal 2 жыл бұрын
I’m debating borrowing against my BTC on Coinbase to use that buy more crypto's. It's 8% APR and I believe I'll have no issue paying it back but if the price of BTC drop significantly, your collateral isn't as much value anymore and you need to add more collateral... so the volatility scares me cause when BTC drops so does all the other alts...
@seaside6447 3 жыл бұрын
Is paying back a crypto loan with crypto a taxable event? For instance , I take out some USDA to buy something or pay a bill, would I have to report that and/or the repayment? Anyone know? Thanks!
@88rollins 2 жыл бұрын
I thought splitting an atom was complicated...until I watched this video.
@aquilhall262 2 жыл бұрын
I like that shirt! Where did you get it?!
@ijhamel 3 жыл бұрын
Once you borrow against your BTC you no longer collect interest on that BTC. It becomes collateral for the loan. Can’t have your cake and eat it too.
@countryraisins9158 Жыл бұрын
I think they mean the value of the bitcoin increases, not really interest
@skyebynes612 2 жыл бұрын
Genius!
@chriswalter92 8 ай бұрын
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly..
@SimpleIdeaz 2 жыл бұрын
Would you suggest borrowing against your bitcoin for a down payment on a house?
@JerryVHall 3 жыл бұрын
Mark, Brady is a friend of mine and the producer of my KZfaq Live Stream show - I would like to use this video as part of my show - May I have your permission to do so??
@gabrielgoldwoulfe2277 2 жыл бұрын
This is the most valuable lesson a person can learn today.
@aolegario1 3 жыл бұрын
If he borrows against his bitcoin he doesn’t pay cap gains tax regardless. Debt is not taxed
@misterray8600 2 жыл бұрын
Thanks!!!
@melissadavis3814 3 жыл бұрын
Wow - love this! Are you taking new clients? My husband and I are looking for a new CPA to help us maximize our 4 LLC, farm, business and side gig.
@MarkJKohler 3 жыл бұрын
Reach out to maxwell@ke-cpas.com and he can get you more information!
@taaronjones 3 жыл бұрын
both is what i'm doing, feels right. if in 35+yrs, the medium of exchange is btc, then great. thanks for the tip on borrowing against your BTC to fund BTC Roth IRA/LLC!
@livetraders6645 3 жыл бұрын
I have discovered a much more profitable way for helping beginners and Crypto students in growing their knowledge concerning the markets by helping out with their trades while they watch and learn at their first stage , and at the same time build their own portfolio, Frank has introduced me to a best strategy for making good profits, his Email
@livetraders6645 3 жыл бұрын
1frankwilliam9 @Gmail com
@anhrestuarant 3 жыл бұрын
Sincerely speaking investments are also better in crypto and forex trading, the trading is said to be easier and assured for making profits when you have the strategies and knowledge, I will advise you to place your trade with an expert who knows how to trade.
@roseanni 3 жыл бұрын
Honestly, investing with an experienced expert is the best way to get started in the trade market, am making huge profit on my investment since i started trading with Mrs Katherine Anderson her trading strategies are top notch.
@anhrestuarant 3 жыл бұрын
@@roseanni Katherine Anderson is a well known bitcoin and forex broker, She taught me the ethics of trading I know today.
@roseanni 3 жыл бұрын
It’s really amazing how accurate her market analysis are, and how good and patient she is with beginners and newbies.
@bestintesla_ny 3 жыл бұрын
I will love to get in touch with this expert, how do I go about that?
@roseanni 3 жыл бұрын
@@bestintesla_ny you can make all your inquiry to her inbox on telegram, her user handle is @katherineofficialtrades
@kcstorytime4898 3 жыл бұрын
I think I love you now. Lol, all jokes aside, I would love to be mentored by you. You are AMAZING at financial structuring. What does your team charge to help structure someones finances who is just beginning in their own business to bring in funds?
@MarkJKohler 3 жыл бұрын
Hahah thank you for your kind words! I would recommend calling my firm and speaking with a new client rep, they can get you a better idea of what you have going on and give you our prices. Here is the number: 888-801-0010
@AmericanConstellation 3 жыл бұрын
This is great...but what if you have Bitcoin and are 64 years old? Also, why would you take your Bitcoin and put it into a 401K that's about to take a dump?
@jessiefayne4083 3 жыл бұрын
Don't contact people on WhatsApp they are scammers all of them
@howardbonds5106 4 ай бұрын
Mark, Can you maybe answer a question thats on a lot of peoples minds I think? How can we manage the crypto taxes to pay off school loans? like if your bitcoin is worth 20k and you owe 15k in school loans how do you manage that without incuring a tax burden? How can we make a tax free (or reduced) plan to get the school loans paid off?
@ariana5819 3 жыл бұрын
You can borrow up to 50% of the value of your btc with high rate 8% . And you are risking to lose your btc. So you save a little tax to lose the whole thing. The only sane strategy is hold your bitcoin
@livetraders6645 3 жыл бұрын
I have discovered a much more profitable way for helping beginners and Crypto students in growing their knowledge concerning the markets by helping out with their trades while they watch and learn at their first stage , and at the same time build their own portfolio, Frank has introduced me to a best strategy for making good profits, his Email
@livetraders6645 3 жыл бұрын
1frankwilliam9 @Gmail com
@pkkim9384 4 ай бұрын
It’s not little tax but rather 25% - 8%. You are essentially saving 17% tax saving per year, which is amazing especially if the Bitcoin continues to go up. Your appreciated value itself would be sufficient to pay off the borrowed amount.
@chi-townk7397 3 жыл бұрын
Mark, sounds like it’d be mistake to sell crypto for usd that’s then used as down payment on personal RE property?
@livetraders6645 3 жыл бұрын
I have discovered a much more profitable way for helping beginners and Crypto students in growing their knowledge concerning the markets by helping out with their trades while they watch and learn at their first stage , and at the same time build their own portfolio, Frank has introduced me to a best strategy for making good profits, his Email
@livetraders6645 3 жыл бұрын
1frankwilliam9 @Gmail com
@christopherleone2944 3 жыл бұрын
Mark, I am 69 years old and have a very small w2. I have 1 bitcoin in my name, Can I , at my age , open a Roth IRA and fund it or is there an age limit?
@buscandocryptodinero2860 3 жыл бұрын
Gracias por sus comentarios, esfuércese por escribir lo antes posible para obtener más información sobre criptografía o consejos 🅦🅗🅐🅣🅢🅐🅟🅟 + ❶❺❺❶❸❽❽❼❼❺❾
@josueb3844 2 жыл бұрын
CAN SOMEONE PLEASE EXPLAIN how to borrow against your crypto. I spent so much time and still don’t understand. So I own bitcoin and take a loan out say from block fI for 10,000 in bitcoin then with that loan money I then what? I don’t understand the term borrowing against your crypto like what is “against”
@dmlfnshad8508 2 жыл бұрын
it literally means you borrow bitcoin. let's say i borrow 3 bitcoin = about 100 k dollars. now i do have to pay interest of 5% on it but lets say bitcoin goes up 10% every year. then i make 5% = 5000 dollars and use that money to fund my life. eventually when i want to pay back, i pay back the 3 bitcoin. so basically take a long position. i would not advise it. and this clown boomer thinks the interest rate on his funds will exceed the interest rate on borrowed bitcoin. don't listen to him. take out a mortgage if you like leverage
@chadlington1 Жыл бұрын
Against means if you can't pay off your loan you forfeit your crypto. It's you against the banks.
@rlg222 2 жыл бұрын
Dude! I need your services!
@clararose2405 2 жыл бұрын
All thanks to luckhack11 on iG they double my btc I never regret of dealing with them I’m forever grateful 🙏🙏🙏🙏
@RandyGreene-um5hv 6 ай бұрын
I'm boring agent it to take it and invest some walth
@johnhoward2337 3 жыл бұрын
Lost me on something. Funding a Ross incurs pretax charge. You did not mean fund a Traditional IRA ?
@A7XtdwpOMaMfan 2 жыл бұрын
Funding a roth does not result in tax, it just doesn't result in a deduction like funding a traditional IRA would. Therefor if you fund a Roth with loan money, your income/tax does not increase. If you sold crypto and funded a roth, you would pay the capital gains tax the year you sold it.
@tokenizegames 3 жыл бұрын
I have a question, i am in the UK. I have an account with lets say 1 BTC plus other crypto assets. I borrow against only my 1BTC at 25% basically locking up 4 times the amount i borrow. the loan has zero interest for 3 years ( nice one i know) . I have although other crypto assets in my account that produce an X amount of income in the year 20/21 and my total income from interests is lets say 2K. total i borrowed from my 1 BTC is lets say 4K so locking up 12K as collateral. with the amount i borrowed i bought more BTC. do i pay taxes on the income received in 20/21 tax year? some says NO because the amount of the loan ( expense ) offset the income i received. Some say YES because the only expense from a loan is the interests on that loan. in this case i have been offered a zero interest loan. I AM CONFUSED!!!! can your wisdom help???????
@misterray8600 2 жыл бұрын
Wut where is 0% interest
@gavingunhold2596 3 жыл бұрын
What could blow this up is if BTC suddenly falls and the exchange, broker...etc margin calls him. He better have the money for the margin call or they will liquidate him. Adios BTC!
@josephcelestine1945 3 жыл бұрын
Right! Like the IRS will ever allow this. This will eventually land you in prison and hefty fines.
@Ddkrew1 3 жыл бұрын
❤❤❤❤❤
@jjbailey01 3 жыл бұрын
I'd rather take that loan against my crypto and buy cash flow real estate.
@nicksmith8321 2 жыл бұрын
Nice personality you can come to my cookout anytime
@Azazel226 3 жыл бұрын
The moment you fall in love with your Financial Advisor: 3:04
@nervecrush 2 жыл бұрын
Borrowing against BTC is risky. If you get a margin call you can’t cover, you are toast
@Jay-zb6kb 2 жыл бұрын
instructions unclear, currently serving prison
@tetextmrhor7465 3 жыл бұрын
If the world has people like Hackbykoston IG then it will definitely be a better place thank you so much sir surely make a difference
@LukeTeel 2 жыл бұрын
You're way over complicating things with some hypothetical instead of just answering the question.
@bitcoinsarah6651 3 жыл бұрын
I stinking 💘 you 🤣 BUCKET 🪣 💥 Boom
@mgu1N1n1 3 жыл бұрын
Not your keys - Not your coins
@piotrmarianna 3 жыл бұрын
He cannot make "Roth" via Solo 401(k) as you described. He can contribute up to about $6k/yr toward Roth and not $14.5k (depending on his income level). You don't explain the limitations of funding Roth IRA. From there one loses the interest in following the "logic" b/c the facts do not confirm your "logic". Sorry to say, but this is BS.
@melissadavis3814 3 жыл бұрын
With all due respect, He’s not talking to average W2 workers. He speaking to (IMO) people that have built larger wealth and looking for ways to maximize and decrease taxes (that the current president/party is trying to take more of) maybe watch his current video from today to enlighten
@imofocco 2 ай бұрын
This is like Chinese language for an European… :/
@amooij 3 ай бұрын
It’s pronounced douche-coin.
@NikLyons Жыл бұрын
They get rich while we stay Poe
@chriswalter92 8 ай бұрын
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly..
Mark J Kohler
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