I’ll ignore the childish jibe.
Why don’t you simply cash out your BTC (including your million$ capital gain) for fiat?
IT BEGINS !!
- Thread starter SilverSale
- Start date
I’ll ignore the childish jibe.
Why don’t you simply cash out your BTC (including your million$ capital gain) for fiat?
Funny thing happened the other day.
I logged on to myGov, went to the ATO to see if I could lodge my tax without having to wait for my wife to get her arse into gear (I couldn’t) and lo and behold!!! they told me I may have to declare any capital gains from any crypto I may have bought and sold, likewise my shares.
Now I didn’t tell them that I’d bought crypto or shares. Must be the “KFC” I’d eaten at some point.
I logged on to myGov, went to the ATO to see if I could lodge my tax without having to wait for my wife to get her arse into gear (I couldn’t) and lo and behold!!! they told me I may have to declare any capital gains from any crypto I may have bought and sold, likewise my shares.
Now I didn’t tell them that I’d bought crypto or shares. Must be the “KFC” I’d eaten at some point.
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Funny thing happened the other day.
I logged on to myGov, went to the ATO to see if I could lodge my tax without having to wait for my wife to get her arse into gear (I couldn’t) and lo and behold!!! they told me I may have to declare any capital gains from any crypto I may have bought and sold, likewise my shares.
Now I didn’t tell them that I’d bought crypto or shares. Must be the “KFC” I’d eaten at some point.
This is why i never ID registered on any exchange. I'm OTG in the crypto world.
Aww the good old days of exchanges like btc-e. No registration required and the thrill of knowing if you left anything on the exchange overnight it might not be there in the morning.
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Oh man I'd love some KFC right now!
Mmm mmm!
I dont want to drive the 4 hr round trip to get it tho. Wonder if they deliver.
Mmm mmm!
I dont want to drive the 4 hr round trip to get it tho. Wonder if they deliver.
BTC USD$30k for NY? Currently $29.2k
Chugga chugga chugga choochoooo!
I would prefer a period of consolidation
Not my plan at all.
nicotineandcaffeine
Active Member
Kinda feels like long weekend manipulation now. Too much activity on one exchange. What happens when futures and premarket open tomorrow?
I've been buying Bitcoin fairly regularly for the past 3-4 years now, but I was way too conservative when buying early-mid 2020. I should have just gone all-in, but it's hard when there's been a huge price fall and you aren't paying much attention to the sector. Oh well, I have a decent position now, but honestly, I could have been aiming for early retirement.
What's your exit strategy?
nicotineandcaffeine
Active Member
Just remember to take profit. Social media is all lit up now to 2017 levels. Very same crypto twits who got rekt in 2017 are at maximum noise how they were right all along.
I saw no reason to sell any BTC until to today. I probably will tonight.
On a side note ETH/BTC looks truly horrible and in serious trouble.
The mania hasn't reached 2017 levels. Haven't heard anyone wanting to sell their grandmas yet.
It’s vastly different to 2017.
Or it’s just BS, governments don’t need to HODL BTC any more than they need to hold gold or fiat.
Fund managers need to buy BTC.