I Used a Crypto Trading Bot 24/7 for a Year, How Much Did I Earn?

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I Used a Crypto Trading Bot 24/7 for a Year, How Much Did I Earn? I set up an Ethereum trading bot, Bitcoin trading bot, USDT trading bot, and set out to earn passive income with what I hoped was the best cryptocurrency trading bot. There are a lot of crypto trading bots, some are free trading bots, some are subscription trading bots, and some are paid trading bots but my favorite part about the Pionex trading bots that encouraged me to try them is the simple fact they are free with a small fee on your earnings. Basically these crypto trading bots only makes money if they are profitable trading bots!

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:alarm_clock: Timestamps :alarm_clock:
00:00 Achieving financial freedom by making your coins work for you
01:12 How to make passive income?
01:56 Auto trade cryptocurrency with trading bots on Pionex
03:23 How to trade crypto with bots?
04:50 How to create a cryptocurrency trading bot
05:44 Pionex is also a crypto trading exchange
07:19 How much money did my crypto trading bot make?
08:13 What is the performance when the market is down?
10:15 Looking at our earlier bots
11:28 Mobile platforms and KYC
12:46 Making money with cryptocurrency trading bots

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I Used a Crypto Trading Bot 24/7 for a Year, How Much Did I Earn?

So, how are taxes handled? Lots of transactions / taxable events, as you mentioned.

That is the question that is holding me back from trying this.

I think what people may be doing is treating it like an investment, but that’s wrong and illegal just showing basis as what goes in and gain/loss when they take it all out.

But it’s property. But not like a house, where value might change daily.

Bots are creating buy/sell taxable events as the buy requires an asset and the sell creates an asset. All taxable events.

But you know this already.

Did some research and the only thing I could find was crypto tax software that can report from specific bot platforms.

But it’s got to be generating a bunch of 8949 taxable event forms to feed into a schedule D.

But, if using regular tax preparation software, how do you get the forms in for e-file? Or do you have to print and mail a binder to the IRS? With some summary that can go into schedule D?

Just loved the tax mention in the video without further explanation.