38 yrs old, I am about to let go of the egg by investing my crypto-savings into producing a High-Voltage Field Extraction power supply and refinement electrodes. I have one go to land on my feet, I think the technology and myself will be fine. 3D printed plastics along with a simple power-supply circuit design will allow me to produce the first units myself. Production will be limited till plastics can be modeled and molded by more dedicated manufacturing methods used for scaling to demand.
Have $3500 left, filing my taxes will be good. I managed eight figures of buying and selling cryptocurrency, trading is a no change event where taxes are concerned, the five figures of trading fees paid do however count. I only paid myself four figures to live on so I should be ahead where taxes are concerned having paid out more than I sold for CAD.
Every last dollar for science, fun and to keep causing apoptosis (cell death) of cancer cells BEFORE diagnosis.
I am not entirely sad to be near square one again, at least I can tell the cryptocurrency part of the story. Working with my hands will be nice after two years of research and composition. My tools, all covered with dust till now.
I cannot complain with the results, three patents, several technologies and many confirmed physical properties leading to the composition of logic for cell type specific treaments.
Spent four years in court while my father passed away of cancer. Eating a flower can scare an individual more than radio and chemotherapies.
My father lived just long enough to see me grow taller at 35, from 5'2" to 5 and a half. My whole life changed in four years of being a test subject and developer.
Having sought scientific confirmations I was able to find that endogenous cannabinoid 2-AG is a biosynthesized compound necessary for osteogenesis. The non-psychopharmacologically active oxidized hydrophilic phyto-cannabinoids that I happened to be refining from leftover cannabis and hashish projects, these share many of the same pharmacological properties with endogenously produced 2-AG at cannabinoid type two receptors expressed by majority at the membranes of cells found in bone marrow.
It is easier to file one's taxes when they transact in cryptocurrency. The problem begins where a $100,000 buy or sell order can take from 1 to 1000 or more transactions to be filled. So each time the guy sipping his coffee executes a buy or sell order ..one thousand transactions may be recorded. The lot must be calculated by new companies which possess software capable of the inhuman calculations that I once spent an entire day working at ..two weeks calculated using spreadsheets, that left only fifty to calculate. At this point I have some interesting numbers to claim, mostly from $33 I provided to help start a project during summer 2014. The young man of twenty or so (Vitalik Buterin) had expressed a responsible yet evolutionary approach to the development of new financial tools and opportunities through the application of ethics, cryptography and programming. The project was coined ETHEREUM.
I waited four years till January 2018 when the coins had increased in value from the 33 cents I paid to $1000 per ETH. From there I experimented and documented my experiences with cryptocurrency and these latest financial tools. Systems which have since been included to the list of assets traded by traditional markets. I am glad that I began by trading rather than spending as I was able to make those trading fee expenses which today offset the small salaries I paid myself. I learned firsthand about so many new financial tools, of course I lost sums and paid fees while the market even tanked over 90% at one point. Looking back, I had fun. The only complaint I might have was being alone with this knowledge. Honestly more people should have access to some of the tools which are not financial traps. Knowing which are beneficial tools and which have greedy developers costs observation and money.
The first 10K from investing in these high-risk ventures (December 2014) lasted one whole day before the market decided it was worth less than one dollar. The first 100K came in January 2018, it lasted about a year before the declining market and use/expenses swallowed it up.
I was able to experience what might have been the greatest trading markets in history. January and February 2018 cryptocurrency markets have not happened before nor since. An order at 2% difference would immediately be vacuumed up by the markets. Ten orders in a day was $1,000,000 of buying and selling, $1000 of trading fee expenses to declare. When I calculated the first two weeks of trading the sum was over $5,000,000. The official tally of trading for that year will be supplied by specialized software interpreting the spreadsheet data provided by the exchange which handled the transactions.
Some of the lost/missed value is stored in trading fee tax deductions now that the market price of the cryptocurrency is much less.
In two years I paid myself an income less than $9999 yet I have at least 20K of trading fees/costs to declare. Remember that there was no certainty that cryptocurrency was going to be regulated and legal as it fortunately is today. Now the once crypto hobbyists can file their legitimate claims. I suppose I could have spent more but I would be in debt over taxes today. We were not sure the technology would be mainstream and legal either. As with my cannabis related projects, cryptocurrency was an investment in technology I understand and appreciate.
Best single investment, ETHEREUM for 3030X return on investment (ROI) over four years. 3030 times the initial amount. From $33 to 100K, choose, buy and forget about for four years. I did not neglect the project and it's many milestones, I chose to forget the coins while working on other projects. When I looked up from four years of work, the dough in the oven was ready.
No stressful trading was the most profitable approach, it really is about letting the money do it's work storing assets of increasing value which can often be sold at a much later date for significantly more.