(Dec 2, 2015 06:59 AM)Inveno Wrote:  Don't think about investing, think about building. With $5, an investment would be almost impossible to ever be worth it, however, let's go back to the start and think how you can build your first $500... So reply to this message with your skill set and I'll see what I can do.

(Dec 2, 2015 07:24 AM)Fistsworn Wrote:  My skills aren't very requested, I can translate Italian-Romanian-English.
I could write, but manny requested articles are not on things I'm knowledgeable with.
I started the service you see in my signature here and provide reviews for almost any site.
I thought of reselling, but wouldn't know how to get a good source of possible buyers.
I can do almost any Labour reguarding electric/idraulics.
-But that would be a job, don't get me wrong I would love to work for a company, but Italy's disoccupied rate for the youth is aroun 40%....sadly almost impossible to find a job.
The things above are things I'm doing for money, but aren't very profitable.

Things I'm doing for passion, but hope to make profit in the future are:
-Writting a Fantasy Book.
-Have YT chnnel paranormal/creepy Niche.

(Dec 2, 2015 07:30 AM)Inveno Wrote:  Open up a local virus removal business. I assume you know how to easily remove viruses, if not, check out some tutorials on the forums, I'm sure there's still some around.

(Dec 1, 2015 06:30 PM)Inveno Wrote:  Don't carve my words on stone as I could be wrong but here's my two pence...

Depends what country you're in. However, in most countries, by getting money in PayPal and then spending it on Bitcoin, that is tax evasion as you bought something with earned money before taxes. Whatever you make in PayPal is supposed to be taxed.

It is also money laundering, hence the 2.5k limit on PayPal.

(Dec 2, 2015 10:16 AM)ihopeshe18 Wrote:  This is wrong. The IRS first of all is making you pay taxes on bitcoins as it is considered a currency https://www.irs.gov/uac/Newsroom/IRS-Virtual-Currency-Guidance
Secondly, money laundering is "the concealment of the origins of illegally obtained money, typically by means of transfers involving foreign banks or legitimate businesses." And in buying bitcoins with paypal you are not illegally obtaining money and it wouldnt be considered tax evasion unless you dont pay the taxes at the end of the year, you can 100% spend all earned money before taxes as long as you end up claiming everything and paying it at the end of the year when your taxes are due

(Dec 2, 2015 10:16 AM)ihopeshe18 Wrote:  This is wrong. The IRS first of all is making you pay taxes on bitcoins as it is considered a currency https://www.irs.gov/uac/Newsroom/IRS-Virtual-Currency-Guidance
Secondly, money laundering is "the concealment of the origins of illegally obtained money, typically by means of transfers involving foreign banks or legitimate businesses." And in buying bitcoins with paypal you are not illegally obtaining money and it wouldnt be considered tax evasion unless you dont pay the taxes at the end of the year, you can 100% spend all earned money before taxes as long as you end up claiming everything and paying it at the end of the year when your taxes are due

(Dec 2, 2015 10:41 AM)Fistsworn Wrote:  Also there's minimum of ammount that can and can't be taxed I'll speak for Italy since I'm familiar with, but everyone should do research on this for the state/country he lives in.
In Italy ammount made by freelancing under 50 per day and 500 per month can't be taxed.
Also if you go higher than 5000 per month you must open a TAV number, by law sure, but italso benefits you since you'll basically pay taxes in "bulk" actually saving money than payn' taxes separetely.