Corporation: "We made $4B but spent $3.9B so we only owe taxes on $100M."
Government: "Totally reasonable."
You: "I made $60K but spent $58K on survival."
Government: "You owe taxes on $60K."
You: "That's not—"
Government: "File by May 15."
There are so many young, unqualified people in the crypto industry giving financial advice. They think they are smart just because they bought into Bitcoin early and made some money. But they are also too young to know the old saying, "don't confuse brains with a bull market."