Uploaded August 2023 | Updated September 2026, 39 minutes ago
Our friend, Chris, recently lost some bitcoin because they used a non-random seed (accidentally). Watch this video to understand what happened and avoid losing your bitcoin in the same way. FYI - Chris did give us permission to discuss this on the Q&A session and also to share it with the YouTube audience. He is hoping that you won't make the same mistake he did.
COMMENT below and let us know what you think of the video. Post your follow-up questions there too!
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LEARN from Andreas in one of his popular Workshops which will teach you practical crypto skills. There’s even a FREE Intro to Bitcoin & Open Blockchains to get you started. aantonop.io/takeaworkshop
You can also learn from one of aantonop's many books. Andreas has written three technical books for developers about blockchain technology, Mastering Bitcoin, Mastering Ethereum, and Mastering the Lightning Network published by O’Reilly Media. He’s also written The Internet of Money Series books, which explain why bitcoin, ethereum, and open blockchains matter.
About aantonop: Andreas isn't promoting a company or an organization; he's paid by the community (people who support this work on Patreon and YouTube) and provides an unbiased look at open blockchain technologies, what they can do for our societies, and how to get involved. Learn more at aantonop.com
From Andreas: You may already know that my mission is to educate as many people as possible about #Bitcoin and open blockchain technologies. Watching these videos and sharing them with others is a big part of that. Thank you for being part of this mission.
***Learn More From Andreas’ Workshops, Books & Events**
Amazon & Kindle: amazon.com/-/e/B00MVAG8Z8
Audible: audible.com/author/Andreas-M-Antonopoulos/B00MVAG8Z8
E-books & Merch: aantonop.io/shop
Patreon: patreon.com/aantonop
Website: aantonop.com
Workshops: aantonop.com/workshops
Thanks for watching, sharing, and subscribing!
Our friend, Chris, recently lost some bitcoin because they used a non-random seed (accidentally). Watch this video to understand what happened and avoid losing your bitcoin in the same way. FYI - Chris did give us permission to discuss this on the Q&A session and also to share it with the YouTube audience. He is hoping that you won't make the same mistake he did.
COMMENT below and let us know what you think of the video. Post your follow-up questions there too!
SUBSCRIBE to this YouTube channel and select the bell 🔔 for notifications: youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ?sub_confirmation=1
JOIN this YouTube channel to become a YouTube Community Member and access custom emoji and other perks: youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ/join
BECOME a Community Builder: patreon.com/aantonop
LEARN from Andreas in one of his popular Workshops which will teach you practical crypto skills. There’s even a FREE Intro to Bitcoin & Open Blockchains to get you started. aantonop.io/takeaworkshop
You can also learn from one of aantonop's many books. Andreas has written three technical books for developers about blockchain technology, Mastering Bitcoin, Mastering Ethereum, and Mastering the Lightning Network published by O’Reilly Media. He’s also written The Internet of Money Series books, which explain why bitcoin, ethereum, and open blockchains matter.
About aantonop: Andreas isn't promoting a company or an organization; he's paid by the community (people who support this work on Patreon and YouTube) and provides an unbiased look at open blockchain technologies, what they can do for our societies, and how to get involved. Learn more at aantonop.com
From Andreas: You may already know that my mission is to educate as many people as possible about #Bitcoin and open blockchain technologies. Watching these videos and sharing them with others is a big part of that. Thank you for being part of this mission.
***Learn More From Andreas’ Workshops, Books & Events**
Amazon & Kindle: amazon.com/-/e/B00MVAG8Z8
Audible: audible.com/author/Andreas-M-Antonopoulos/B00MVAG8Z8
E-books & Merch: aantonop.io/shop
Patreon: patreon.com/aantonop
Website: aantonop.com
Workshops: aantonop.com/workshops
Thanks for watching, sharing, and subscribing!
![Cryptocurrency Explained: Avoid GIANT Unexpected Tax Bills on Cryptocurrency Trades [2021]](https://i.ytimg.com/vi/P9vEZwT8T0o/mqdefault.jpg "Cryptocurrency Explained: Avoid GIANT Unexpected Tax Bills on Cryptocurrency Trades [2021]
Wait, I have to pay taxes on crypto-to-crypto trades AND selling bitcoin, ethereum tokens, or other cryptoassets for fiat?!? Maybe. In many places, you owe taxes on the money you make from investments - yes, taxes on crypto investments. In the last bull market, lots of people got rekt because they didn’t know the basics about taxes and crypto investments. But you can learn from their mistakes! While Andreas isnt a tax professional, in this video he explains some of the ways people have gotten hurt in the past and how you can avoid those pitfalls. Watch this if youre planning to sell or trade bitcoin, ether, or any other crypto investment.
This isnt tax advice, Andreas is not a tax professional. If youre concerned about these issues (and you probably should be) then find an attorney or accounting professional in your area who can teach you about local laws that apply to you and your specific trading activities.
Chapters
0:00 Down The Rabbit Hole: Capital gains taxes
1:52 39.6% marginal tax for long term capital gains for people making more than a million dollars a year
3:12 How capital gains taxes work in the US
5:40 How marginal rates work
9:37 There is danger from getting a whole bunch of taxable events from trading
12:10 Knowledge is power
This video is an excerpt from the April 2021 Bitcoin and Open Blockchain Livestream Session. Watch the entire session here: https://youtu.be/vGuCz56ihb4
Look at the chapters to skip to the question and answer YOU want to see most.
COMMENT below and let us know what you think of the video. Post your follow-up questions there too!
SUBSCRIBE to this YouTube channel and select the bell 🔔 for notifications: https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ?sub_confirmation=1
JOIN this YouTube channel to become a YouTube Community Member and access custom emoji and other perks: https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ/join
BECOME a Community Builder: https://patreon.com/aantonop
LEARN from Andreas in one of his popular Workshops which will teach you practical crypto skills. There’s even a FREE Intro to Bitcoin & Open Blockchains to get you started. https://aantonop.io/takeaworkshop
Taxes. Since cryptocurrency is global and borderless, it touches every tax system in the world. Many people who are just getting into trading dont understand taxes or the implications of how they might owe a lot of money. During 2017 and 2018, many people faced huge unexpected tax bills, the money they thought they made, they didnt really have. Watch this video to learn more about marginal tax rates, capital gains, and losses, and much more.
You can also learn from one of aantonops many books. Andreas has written three technical books for developers about blockchain technology, Mastering Bitcoin, Mastering Ethereum, and Mastering the Lightning Network (2021) published by O’Reilly Media. He’s also written The Internet of Money Series books, which explain why bitcoin, ethereum, and open blockchains matter.
About aantonop: Andreas isnt promoting a company or an organization; hes paid by the community (people who support this work on Patreon and YouTube) and provides an unbiased look at open blockchain technologies, what they can do for our societies, and how to get involved (if you decide you want to). Learn more at https://aantonop.com
From Andreas: You may already know that my mission is to educate as many people as possible about #Bitcoin and open blockchain technologies. Watching these videos and sharing them with others is a big part of that. Thank you for being part of this mission.
***Learn More From Andreas’ Workshops, Books & Events**
Amazon & Kindle: http://www.amazon.com/-/e/B00MVAG8Z8
Audible: https://www.audible.com/author/Andreas-M-Antonopoulos/B00MVAG8Z8
E-books & Merch: https://aantonop.io/shop
Patreon: https://patreon.com/aantonop
Website: https://aantonop.com
Workshops: https://aantonop.com/workshops
***Connect with Andreas on Socials***
Facebook: https://www.facebook.com/AndreasMAntonopoulos
Instagram: https://www.instagram.com/amantonop/
LinkedIn: https://www.linkedin.com/company/aantonop/
Twitter: https://twitter.com/aantonop
Thanks for watching, sharing, and subscribing!")
