Bitcoin

Money, investing, mutuals etc
Luke_PieStalker
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Re: Bitcoin

Post by Luke_PieStalker » Fri Dec 31 2021 8:04pm

Out of interest, what sign up incentives are being offered?

planteria
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Re: Bitcoin

Post by planteria » Sun Jan 02 2022 11:38am

there's all sorts out there LPS, but $50 of BTC for transferring in, say, $400-worth, is the kind of referral incentives i've sorted for a couple of people. i've spread holdings around to get good rates but also to spread risk.

my broader point in resurrecting the thread is that i's a shame, imo, that folks here aren't into bitcoin, or other crypto, and digging up opportunities. or, frankly, something else to get into. the next gambling site land grab with incentives, anyone?

but re Bitcoin, if anyone here wants to get involved i'd be happy to help, and if there are referral bonuses to be had i'm all for that too :mrgreen:

fwiw i have some other crypto but Bitcoin is my largest crypto holding by a long way.

gle1975
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Re: Bitcoin

Post by gle1975 » Sun Jan 02 2022 1:20pm

I'm interested in it but find it very confusing. I always have a look at the Blackhatworld forum crypto section. Also don't you have to declare tax on every action?

planteria
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Re: Bitcoin

Post by planteria » Mon Jan 03 2022 10:28am

never heard of that forum gle1975, but good question re tax. what is/isn't a taxable event is the key, i suppose, and what thresholds an individual has reached in any given tax year.
if someone were to buy £1000-worth of Bitcoin, for example, and just hold it then there would be no tax to pay. if it goes up and that person were to sell it, then there may be tax due, but it would be covered by the gain, of course.
[tax matters.. professional advice recommended, usual disclaimers :idea:]
Thanked by: gle1975

Sarah
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Re: Bitcoin

Post by Sarah » Sat Jan 08 2022 6:51pm

Do you have a bitcoin shirt and 319 ETH to spare? :crazy:

If so, this might be of interest:
Cryptoland Presentation

pabenny
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Re: Bitcoin

Post by pabenny » Tue Jan 11 2022 5:25pm

gle1975 wrote:
Sun Jan 02 2022 1:20pm
... don't you have to declare tax on every action?
There is no special requirement in the UK to report your crypto transactions. You only have to report when you realise a profit, and you would normally do that as part of your tax return.

As with most other financial assets, if you sell crypto, any net gain is taxable as a capital gain. The first crypto purchased is considered to be the first sold (eg if you buy 10btc today and 10btc next month and then sell 6,those 6 are considered to be from those bought today)

For most people, there is a tax-free amount for capital gains of £12,300.

All of that is a simplification. but you should get the picture.

Sarah
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Re: Bitcoin

Post by Sarah » Fri Jan 21 2022 7:58pm

Bitcoin crashes 10% to a six-month low below $38,000
https://markets.businessinsider.com/new ... ash-2022-1
#cryptocrash

planteria
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Re: Bitcoin

Post by planteria » Sun Jan 23 2022 10:12am

yep, i've bought a bit more below £30k.

Sarah
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Re: Bitcoin

Post by Sarah » Sun Feb 20 2022 10:55am

TitanReach video game binned after developer allegedly gambles $150K from angel investor on crypto currency and loses the lot...
https://www.youtube.com/watch?v=q6TkrmRxbho

That's a crazy story, yet relatively small beans compared to the many multi-million $ rug pulls and other scams that plague the crypto and NFT space.

blythburgh
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Re: Bitcoin

Post by blythburgh » Mon Feb 21 2022 8:42am

Just imagine if there was no crypto how much electricity could be saved around the world and how much hardware would not be dead after a year or two due to the "miners"
Keep smiling because the light at the end of someone's tunnel may be you, Ron Cheneler

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