Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 15245. (Read 26715496 times)

in the case nobody said it yet

ripples over 2$ - i really want to die now


googling where the next bridge is.

Now we know what your malfunction is.  The UK was one of the first nations to be targeted for white genocide by jews with massive 3rd world immigration.  All inhabitants quickly either converted to hard right nazis or doubled down on cuckoldism to worship your conquerors.  It's clear which path you took.

Speaking of tax, my fellow Canadians may benefit from this:

http://www.taxtips.ca/taxrates/bc.htm

What a stupid bureaucratic mess of a breakdown.  Anyway, for smaller amounts, Capital Gains isn't as horrendous as I thought.

The scoop is I pay( net of graduated levels) 10% on 40k, ~ 12% on 100k,  ~15% on 150k,  ~19% on 250k.  Max rate is 24.9% over 205k.  So as long as I don't want to take any capital out, it is reasonable (I was under the impression that it was a flat 25% give or take) for living expense amounts, up to a decent level by my standards.  Might even stay in Canada for a while longer.

We had to wait until after New Years day before bitcoin started pumping last year. The Chinese probably had to get over their hangovers before they felt like starting trading again.

trying hard to break down

Thank you for the advice, I'll do a bit more research.

bitcoin will make a move up or down soon it seems, triangle is ending

Whoever you went to see, I've never, ever heard any 'advice' along those lines. Sounds like total bilge to me. The problem with the UK is that the HMRC have basically published a few paragraphs a few years ago and now leave it to everyone else to interpret them.

This geezer - https://www.reddit.com/user/krissaroth  I think is an accountant and has written quite a bit in r/bitcoinuk. Maybe it's worth PMing him. If he himself doesn't do crypto he might know someone who does.

Lots of other threads about it in there too.

I'm not a Cliff High fan, but kind of interesting in March 2017 his web bot crap called for $13-14k bitcoin and $4800 gold (with silver having much larger gains) by March 2018:

http://cointelegraph.com/news/bitcoin-price-will-triple-gold-in-2018-silver-achieves-parity-with-gold-clif-high

Bitcoin already made it's move, here comes silver and gold starting to ramp up now.

I tend to agree with you.

Having paid for this advice I am reluctant to pay again unless it was for someone or a firm specialising in crypto.
Anyone know of such a person / firm.

It seems that HMRC can treat crypto just like any other currency. Any sales transaction is treated as a taxable event, whether you transfer your fiat to your bank account or just leave it on the exchange.

Fortunately last year I was under the limit and so it does not have to be declared on return.
A nightmare avoided as I have no chance of submitting all the transactions made as my Armory wallet was lost when hard drive failed. Although coins are recovered the transactions, purchases goods etc were not. Just as well!

This tax year I will be hit with CGT however I have mostly hodled during this bull run so few transactions and fairly straight.

I just posted this as many small timers will be finding themselves in this position for the first time and should give it some thought in the coming months.

I think Jimbo Toronto has the right idea by buying at ATM even if paying % over odds. And keeping dealings private.

I think ripple is proof that none of this is based on adoption.

Below $10k is o.k. too... It just seems that it is going to be quite difficult to get there.

$11,060 would be a double bottom, and there had already been an attempt to go below $12k several days ago... So currently, seems that there is decent support for anything above $10k, $11k and even $12k... What we gonna do?  Pray for more down, or just accept that there continues to be decent upwards and buy pressures, even at these GREAT bargain prices.   

Nice, so plopping all the dates into Excel and converting/calculating gives:

4/3/18      Average
2/19/18      Median

I dont care waiting for bitcoin to go down anymore. Theres enough other things going up.

There is absolutely zero retail demand for many of the thousands of penny stocks out there, but many of them get pumped to the moon too.

So? How is Ripple (or any other shitcoin or ICO token) any different?

A: It isn't.

Breaking 24777$ prediction game      FINAL LIST       

27/12/2017 bikerleszno
29/12/2018 cAPSLOCK
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31/12/2017 Raja_MBZ
01/01/2018 elg
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03/01/2018 JimboToronto
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05/01/2018 BTCMILLIONAIRE
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14/01/2018 northypole
15/01/2018 ivomm
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17/01/2018 bitcoinvest
18/01/2018 last of the v8s
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20/01/2018 1982dre
21/01/2018 flamast2
22/01/2018 RealMachasm
23/01/2018 willope
24/01/2018 kartala
25/01/2018 orpington
26/01/2018 rolling
27/01/2018 LFC_bitcoin
28/01/2018 jojo69
29/01/2018 CristiTCM
30/01/2018 rayX12
31/01/2018 realsteelboy
01/02/2018 twocorn
02/02/2018 mancroofer
03/02/2018 True Myth
04/02/2018 poolminor
05/02/2018 itod
06/02/2018 scheptan
07/02/2018 vapourminer
08/02/2018 alexeft
09/02/2018 siert
10/02/2018 AlcoHoDL
11/02/2018 Dunkelheit667
12/02/2018 yonton
13/02/2018 Wekkel
14/02/2018 Thekool1s
15/02/2018 starmman
16/02/2018 Globb0
17/02/2018 leveldkrypto
18/02/2018 olesh
19/02/2018 BitCoinBurger
20/02/2018 Paashaas
21/02/2018 flynn
22/02/2018 icygreen
23/02/2018 erisdiscordia
24/02/2018 phil_s
25/02/2018 sirazimuth
26/02/2018 Arriemoller
27/02/2018 yonton
28/02/2018 Muttley
01/03/2018 bones261
02/03/2018 heater
03/03/2018 soullyG
04/03/2018 InvoKing
05/03/2018 Notme
06/03/2018 sa_94
07/03/2018 NUFCrichard
08/03/2018 Imbatman
09/03/2018 Roombot
10/03/2018 STT
11/03/2018 badream
13/03/2018 erre
14/03/2018 julian071
15/03/2018 podyx
17/03/2018 fragout
18/03/2018 fabiorem
21/03/2018 dakustaking76
23/03/2018 nikauforest
31/03/2018 vroom
01/04/2018 somac.
02/04/2018 kurious
04/04/2018 fluidjax
05/04/2018 bitcoinbunny
08/04/2018 tyler1890
10/04/2018 ludwigvon
11/04/2018 hairymaclairy
16/04/2018 practicaldreamer
18/04/2018 free-bit.co.in
27/04/2018 drbrockoin
01/05/2018 sprinkles
02/06/2018 oblox
07/07/2018 IntroVert
03/08/2018 toxic2040
28/08/2018 bitserve
15/10/2018 Yefi
05/11/2018 mikenz
31/12/2018 melman2002
01/01/2019 Spaceman_Spiff_Original
12/02/2019 FractalUniverse
21/04/2019 gentlemand
20/02/2020 romneymoney
18/12/2021 luckygenough56

MERRY XMAS TO Y'ALL     AND GOOD LUCK

I intend to only submit transactions to and from Fiat currency.

And this '4x allowance' thing?  Not in any tax rule I have seen.

Get a second opinion, there is no real guidance yet that is this specific on crypto from HMRC.

Accountants are assuming things, but they MAY not be right.

Get yours to show you HMRC guidance specifying what you say above.  A capital gain under the limit is not reportable AFAIAC and if it is over it, it is still simply a capital gain and chargeable at 20%.

You invested X, you sold Y - you pay the difference, I reckon.  And capital gains are only taxable when cashed in IMHO. 

I am not an accountant - but I asked three, and they all gave varying advice, except that they all said you need to say what you orginally paid for the BTC you are now selling.  I realise that ain't easy - but it is possible to do most if you have exchange history.  For Gox, you cannot - but neither can they prove what you spent unless your bank statements show it.

A sideways rocket is the best I can do.