Originally posted by TheGreenBastard
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Cryptocurrency
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'CUK forum personality of 2011 - Winner - Yes really!!!! -
Originally posted by northernladuk View Post
"depending on the facts, a transaction may be so highly speculative that it is not taxable or any losses relievable."
So a case-by-case examination they say, but if you're regularly trading on alt-markets I would imagine HMRC will be after a cut, and quite a big one considering.Comment
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Originally posted by scooterscot View PostEducation:
Now look at BTC prices instead of USD and you can see where the money is going. Always follow the bitcoin price.
https://coinmarketcap.com/all/views/all/#BTC
Elementrem 1611%
FedoraCoin 701%
This time next week Rodney I'll be a millionaireComment
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Originally posted by SunnyInHades View PostSome of the 7 day altcoin gains shown on that page are staggering. Top 2 with decent circulating supply are:
Elementrem 1611%
FedoraCoin 701%
This time next week Rodney I'll be a millionaireComment
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Originally posted by DimPrawn View PostProblem is there are so many altcoins, which ones are going up 1000% and which are going to zero?Comment
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Originally posted by glebe digital View Post@scooterscot
What's the position on tax?
Are profits classed as income (and taxable) or do they come under HMRC's gambling umbrella, and tax free?
Rather an important issue for you, I imagine?"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by DimPrawn View PostProblem is there are so many altcoins, which ones are going up 1000% and which are going to zero?"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by northernladuk View PostYou not been following his posts? He doesn't have a clue. He's only doing what he is told to do on here.Comment
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Originally posted by scooterscot View PostI'm not resident in the UK, so it's win.
Bitcoin tax heaven in Germany?
https://bitcointalk.org/index.php?topic=1098242.0
Good luck!Comment
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Bitcoin Is a Bad Way to Do Something Necessary | Ian Welsh
Bitcoin was also a libertarian project. Libertarians hate inflationary money, so Bitcoin was made deliberately deflationary. There are a limited amount of bitcoins which can be created. There is a strong first mover advantage even without the fact that bitcoin is acting more like stock in a company than money.
Deflationary money is reactionary. It rewards people for being first, not for being productive. It encourages people not to spend and not to invest in something other than money, which is bad for economies.See You Next TuesdayComment
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