Bitcoin Storm – Do I have to pay taxes?

Bitcoin Storm is, as the name suggests, a program that aims to bring “stormy” and fast profits to Bitcoin. It is an automated trading software that aims to make it easier for investors to trade bitcoin and other cryptocurrencies.

It promises up to 90 per cent returns, which can be achieved by using an automated bot and broker as a platform and financial service provider. Some become millionaires as a result. But the risk of loss is equally high.

This is also always pointed out on the main page and the sub-pages that one uses the programme and the app on one’s own initiative and responsibility and that a sudden as well as a large loss or profit can be possible due to sudden price fluctuations.

How can one profit from Bitcoin Storm?

Step 1: Click on the link to go to the official website of Bitcoin Storm.
Step 2: Fill out the form to get a FREE licence to trade.
Step 3: Follow the instructions on the platform to profit from bitcoin fast!

While you can reset the bots, with your own parameters that affect the brokers and trading, there is always a residual risk of loss.

Not all platforms are legal and reputable, but there is always a grey area that you have to fathom for yourself, whether you trust the system or not, and whether it works as a result or not. One can always dare to try, because the money invested on the broker platform can be withdrawn again.


Bitcoin Storm - Do I have to pay taxes?

When you register, you have to enter your name, email address and phone numbers and you will receive an intro call with the first necessary information on how to use the broker.

You are not free to choose your broker, but you are assigned to him. He transmits the data from the bots, which collects the latest data on the overall economic situation and price development, and then identifies them as authentic and legitimate.

This would also be a reason for the seriousness of the programme. Nevertheless, due to the sudden fluctuations, there is no reliance on automated trading alone, but one should still be able to intervene manually, for example to change the parameters and get an idea of the price development oneself before losing too much or one’s entire capital.

On a demo account, you can practice with virtual money and get to know how the bots and brokers work. This is especially helpful for beginners in the field of cryptocurrencies and trading.

If you want to start right away, you have to deposit 250 dollars in order for the automated system to start working. Generally, it is recommended not to invest so much or more than these 250 dollars, so that there are no big losses.

A customer service supports a user in several languages. At the same time, it is recommended to pay out the winnings constantly before losses occur. On the main page, you can read testimonials from other users, which can be a helpful start.

Some have become very rich from bitcoin trading, the automatic one, but you should always keep in mind the risk that something can go wrong (literally in terms of sudden price fluctuations).

As far as further fees or losses are concerned, it has to be said that one also has to pay taxes on the profits.

  • Luke Handt

    Luke Handt is a seasoned cryptocurrency investor and advisor with over 7 years of experience in the blockchain and digital asset space. His passion for crypto began while studying computer science and economics at Stanford University in the early 2010s.

    Since 2016, Luke has been an active cryptocurrency trader, strategically investing in major coins as well as up-and-coming altcoins. He is knowledgeable about advanced crypto trading strategies, market analysis, and the nuances of blockchain protocols.

    In addition to managing his own crypto portfolio, Luke shares his expertise with others as a crypto writer and analyst for leading finance publications. He enjoys educating retail traders about digital assets and is a sought-after voice at fintech conferences worldwide.

    When he's not glued to price charts or researching promising new projects, Luke enjoys surfing, travel, and fine wine. He currently resides in Newport Beach, California where he continues to follow crypto markets closely and connect with other industry leaders.