Originally posted by VirtualMonkey
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Cryptocurrency
Collapse
X
Collapse
-
"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain -
Originally posted by scooterscot View PostHe who seems to know everything, PBC of course. Did I not share that report?Your friendly neighbourhood VirtualMonkey - Not giving financial advice since...well...ever.Comment
-
Originally posted by VirtualMonkey View PostI don't recall seeing it if you did
This is so cool - want to get the 200k package... perhaps we should run a syndicate?
Cindicator Packages
Cindicator offers several trading packages. The more tokens you use per package, the more services you receive. If you want to know how Cindicator will make money, then you need to understand what each package entails.
Beginner Package: 5,000 tokens will cost you around $350 at current prices. That will get you access to the Beginner Package. This package gives you:
Community choice indicator: One crypto pick per week
Market events probability indicators: A weekly prediction that can cover traditional markets, politics, or cryptos
As an example, the Cindicator Bot sent an alert to Beginner traders on December 20, 2017 to buy Ripple (XRP) at 70 cents. It rallied to over $3.
Trader Package: 200,000 tokens will cost you around $15,000 at current prices. That will get you access to the Trader Package. The Trader Package includes everything from the Beginner Package plus the following:
Weekly support and resistance levels: Projected highs and lows of a selection of cryptos and traditional financial assets
ICO ranking: A ranking of upcoming ICOs from best to worst
Price level indicators: Predictions on whether a crypto will reach a certain dollar value by a specific date
As an example, the Cindicator Bot sent an alert to traders on December 11, 2017 on Valeant Pharmaceuticals (VRX) before the market opened. VRX made 8.5% in just a few days.
Expert Package: 700,000 tokens will cost you around $52,500 at current prices. That will get you access to the Expert Package. The Expert Package includes everything from the Beginner and Trader Packages plus the following:
Price level indicators: Tracks a basket of the most popular stocks and indexes and predicts they will reach a certain dollar value by a specific date
On December 14, 2017, the Cindicator Bot indicated Verify (CRED) as the highest-growth ICO on its list. Those who acted on the alert when it was sent made 20 times their money priced in U.S. dollars."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
-
Originally posted by scooterscot View PostI've no issue paying tax. Already have paid a chunk this year. But I'll no pay a penny more if the law does not require me to. Game on!Comment
-
Originally posted by AtW View PostYou claimed in this thread that in Germany your gains are non-taxable, have you changed your mind then?
Germany Won't Tax You for Buying Coffee With Bitcoin
German Ministry Of Finance Provides Guidance On Bitcoin Taxation
On February 27, 2018, the German Federal Ministry of Finance, Bundesministerium der Finanzen, released a message to the public clarifying that it would not tax cryptocurrencies such as bitcoin when they are used in payments.
So I'll buy the Lambo with BTC?"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
-
Originally posted by scooterscot View PostComment
-
Originally posted by AtW View PostYou claimed in this thread that in Germany your gains are non-taxable, have you changed your mind then?
Future scooter is gonna hate past scooter for the 40%+ tax bill.Comment
-
His claim now is that it's legal tender so no tax involved in buying stuff (did he buy anything, other than "fiat")?
Surely USD will be as good as EUR there, and if it appreciates and you pay with it then it will be CGT, just like in this country or any other country with half competent tax office.
Plus, as you say, he clearly was a day trader speculating on multiple tulipcoins, document here, so that looks like deliberate tax evasion to me.Comment
-
Originally posted by AtW View PostHis claim now is that it's legal tender so no tax involved in buying stuff (did he buy anything, other than "fiat")?
Surely USD will be as good as EUR there, and if it appreciates and you pay with it then it will be CGT, just like in this country or any other country with half competent tax office.
Plus, as you say, he clearly was a day trader speculating on multiple tulipcoins, document here, so that looks like deliberate tax evasion to me.
Same rule on taxable event applies in the UK except we're always taxed on the event (holding for 1+ year doesn't matter, like any other asset).
Sadly for crypto moguls this gets pretty painful if you have this tax owed and you're still left holding the bag, like now with 100%+ reductions in fiat value from all time highs.Comment
-
Originally posted by TheGreenBastard View PostIt is true cryptocurrencies are free from tax in Germany if dormant from purchase to sale for a full year - any event, crypto to fiat or crypto to crypto is a taxable (40%) however.
The state has confirmed many times, traded crypto is only taxable until it is returned to currency. *Currency* being a key word here.
I've created my own blockchain with this thread - cool.Last edited by scooterscot; 18 March 2018, 19:18."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
Partners
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment