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Cryptocurrency

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    Two more sites for peopel interested in buying:

    https://gemini.com/

    https://localbitcoins.com/


    Scoot can provide feedback on these two

    Comment


      Originally posted by AtW View Post
      Yes, because BoE can print money in one nano-second, but buyers of "crypto" can't - "mining" isn't quick and getting exponentially harder.
      Artificially they can:

      Trading simulation

      In order for a cryptocurrency to grow, it needs sufficient liquidity. If there is not enough organic activity on the markets, it can be created artificially by employing trading bots.

      By constantly moving the coins around, these artificial bulls and bears increase liquidity, which in turn allows the capitalization to grow, little by little.

      Obviously, this is an artificial measure which can’t, on its own, create real demand for the currency. However, in some cases, bots can be a useful tool for a growing cryptocurrency, just to give it an extra boost of liquidity.

      Comment


        Originally posted by Drei View Post
        99% of people dealing in crypto don't declare their profits since the government doesn't quite have the means to check it yet. How about crypto then, call that criminal tax dodging and illegal trading?
        How do you declare profits in something that's not recognised by the state?
        "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

        Comment


          Originally posted by scooterscot View Post
          How do you declare profits in something that's not recognised by the state?
          Capital Gains (Tax).

          Comment


            Originally posted by Drei View Post

            https://localbitcoins.com/


            Scoot can provide feedback on these two
            I've seen this before but never used. As long as the fees are not extreme then why not? Would not move big money through them mind you.
            "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

            Comment


              Originally posted by AtW View Post
              Capital Gains (Tax).
              Not required on the channel islands. Just saying like...
              "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

              Comment


                Originally posted by scooterscot View Post
                Not required on the channel islands. Just saying like...
                Are you tax resident on the Channel Islands?

                Comment


                  I know someone who is.
                  "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

                  Comment


                    Originally posted by scooterscot View Post
                    I know someone who is.
                    But not you?

                    Comment


                      Why is that important?

                      Remember crypto 'addresses' are just that, addresses with no name or physical ID attached. Anyone in possession of the address can withdraw the assets.
                      "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

                      Comment

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