Bitcoin and taxes

[Honkey_Kong]

With the coming hyper inflation and economic collapse some forms of crypto is good to have. As well as gold and silver.

Anyone that keeps large amounts of fiat currency in their bank account is a fool. By doing so you are losing purchasing power everyday due to inflation and when the hyperinflation kicks in you will lose it all very quickly.

Crypto is another form of fiat. Hell, gold only really has monetary value due to proclamation (I get there are jewelry uses and electronic uses for it). If we didn't agree that gold represented "wealth," it'd be essentially worthless. In a economic collapse, that proclamation won't matter much and gold will just be a useless object. The thing to invest in is yourself. Even after economic collapse, people are going to need tools repaired/made. People are going to need food and alcohol and other things. If you can provide those things with your labor then you have something of value to trade in a collapse.

[< <Samson> >]

Even after economic collapse, people are going to need tools repaired/made. People are going to need food and alcohol and other things. If you can provide those things with your labor then you have something of value to trade in a collapse.

Kinda how I got through the last “recession”

Lost my easy $ ass job - threw all my tools in the back of my camaro & hit the streets turning wrenches out the back of my car

Then I realized how nice it really was not working for anyone else

[yeahbuddy289]

Kinda how I got through the last “recession”

Lost my easy $ ass job - threw all my tools in the back of my camaro & hit the streets turning wrenches out the back of my car

Then I realized how nice it really was not working for anyone else

Would love to open my own shop someday. I don’t have the balls to do it though lol

[< <Samson> >]

Would love to open my own shop someday. I don’t have the balls to do it though lol

The shop is taking a beating

We can’t keep up with the new shit & new cars are being pushed down people’s throat that include 5-10 year warranties

We can’t really work on anything newer than 17-18. . . Dealers & large scale shops took over. I don’t know how much longer the shop will be profitable at all.

Kinda y I am diversifying as much as possible, between towing, scraping & still working on some cars - waiting for this darn economy to collapse to just start repping cars.

Or - I’m just gonna finish school & go back to work < but, after being your own boss, taking anyone’s shit all day long just doesn’t sound exciting