That's a fair point. Possibly has much the same purpose as sub-zero interest rates, i.e. discourage holding unproductive wealth.

That's a weird system. Kind of like inflation or a negative interest rate on all of your net worth.

Nope, cap gains is 20% in UK. If you earned large amounts then you'll be in the 45% bracket but if you're cashing out some long-term holdings then it's CGT not income tax.
Remember too that you have a £11,500 CGT allowance (might be a little more this tax year) and that if you have a spouse you can also use their unused CGT allowance.
I just filed and paid my tax return, having taken significant pains to account for everything. I'm still living in fear of an audit because there's no way HMRC understand this stuff and a bunch of exchanges from 2014-15 are defunct, so proving I've acted honestly would be well-nigh impossible.
Posts like yours encourage me, because I know HMRC has limited resources. So it's a bit like the old joke:
Two guys are in the jungle when they see a lion running towards them. Frantically, one of the men starts putting on his running shoes.
Surprised, the other man says " What are you thinking, you can't outrun a lion!!!"
" I don't have to outrun the lion," said the man, " I just have to outrun you."

Aussie tech start-up Incent teams with Gfinity Esports Australia to bring blockchain to video gaming

SYDNEY, Australia: October 30, 2018 - Australian tech start-up Incent has partnered with league leader Gfinity Esports Australia to build the world’s first live broadcasting rewards platform powered by cryptocurrency and blockchain technology, now poised to disrupt the world of online gaming.

Esports is a fast-growing, global phenomenon which can see live crowds in the tens of thousands, and millions more tuning in online to watch the world’s best video gamers battle it out for prestige, professional prize money and even national pride.

New and existing Australian fans watching the Gfinity Elite Series presented by Alienware will now have their time and levels of engagement rewarded with an innovative new, tradeable cryptocurrency (INCNT).

Incent co-founder and CEO, Rob Wilson, said the deal is the culmination of two years’ hard work developing a truly scalable, world-class digital currency platform that is simple, flexible and secure to use.

“This is a massive opportunity for Incent to plug in to one of the world’s fastest-growing communities and introduce it to a completely unique, simple and frictionless means of acquiring a tradable digital currency that is theirs to keep, and does not expire. This is the first ever mass-market application for crypto in Australia – if not the world – and we’ll be putting crypto into the hands of tens of thousands of new users as a result of this one partnership alone.”

Incent runs on the Waves blockchain, which has been lauded for being able to handle vastly larger transaction volumes than the Bitcoin or Ethereum blockchains, for dramatically less cost, while also boasting best-practice security capabilities.

According to Dominic Remond, CEO Gfinity Esports Australia, Incent is the ideal platform to help it drive deeper engagement with its already tech-savvy audiences, while yielding valuable data and insights to inform marketing and broadcast programming.

“Esports and blockchain are a natural fit and we look forward to working with Incent at the vanguard of this exciting new trend in entertainment and sport, where fans and players will be able to interact and share value in an entirely new way,” Remond added.

Founded in Sydney late 2016, Incent built the world’s first crypto-based engagement and rewards platform and Australia’s first cryptocurrency: INCNT.

There are currently over 5,000 individual members signed up to the platform to earn INCNT from close to 400 merchants. Incent expects this number will grow on the back of the deal announced today.

Gfinity Esports Australia was established by HT&E Events and Gfinity Plc, in August 2017, to launch Australia’s first city-based franchise league, the Elite Series presented by Alienware.

According to the Interactive Games and Entertainment Association’s (IGEA) Digital Australia 2018 Report 67% of Australians play video games, and almost half (47%) are women. And while video games were once considered just for kids, the average age of an Australian gamer today is 34. A third of Australian gamers report they have watched esports, of which 10% watch to follow an esports team, with 52% tuning in to watch the best in action and learn tips to improve their own gaming skills.

About Incent
Incent is a rewards platform hosted on the Waves blockchain network. The initiative was launched in 2016 and the Incent token (Symbol: INCNT), Australia’s first cryptocurrency was created shortly afterwards. In January 2018, Incent launched its toolbar, a Chrome extension that rewarded users for browsing the web. In May Incent launched its online Marketplace, enabling customers to earn INCNT as they shop online with hundreds of affiliated merchants. Most recently Incent unveiled technology
that makes it possible for users to be rewarded seamlessly by shopping directly at partner merchants, online or in-store.

For more information about Incent visit: https://www.incentloyalty.com/

For more information about Gfinity Esports Australia visit: www.gfinityesports.com.au

Some very big news for Incent just out:

https://twitter.com/IncentLoyalty/status/1056997268136648705

https://www.itwire.com/home-it/85094-aussie-cryptocurrency-incent-and-esports-company-gfinity-bring-blockchain-to-gaming.html

It should be on our website or at the beginning of this thread. See you there!

Exactly. We have (fortunately) moved away from bct so if you have questions, ask on Slack. It may take a while longer for posts here to be answered.

Good to see some developments and a project ready to go to market.

Especially a thinly-traded one. Finex's 24h volume is 73k BTC. Weekly vol 572k BTC. Dump a few k into that in the space of minutes, which is what happened earlier this week, and I think you'll see the influence it has.

That massive stash of Silk Road-linked coins moving to Finex/Binance might have had something to do with it.

Shorts are at a year-high, and shorts:longs is also almost at a high.
I.e. the market as a whole is betting heavily that BTC will fall.
However the 'wisdom of crowds' tends towards somewhat stupid, and 'the market exists to make fools of as many people as possible' (can't find a source for that quote but it's logically correct). When everyone thinks it's going down, the sellers have already made their moves and have run out of firepower.
So a short squeeze is not off the cards. However, as Max implies, if longs were at an all-time high the bulls would take that as bullish too.

Edit: found it. Bernard Baruch. "The main purpose of the stock market is to make fools of as many men as possible."

I also read that article first thing and had a slightly more charitable assessment. If you squint a little and it's before your morning coffee, it's possible to believe for several seconds that the writer did more than 5 minutes research. The quality of crypto journalism feels like it's 2014 all over again.
Off to buy some Paycoin from Cryptsy, back in 2018.

Wouldn't want to call BTC short term. But I am leveraged long on popcorn for the Bitmain IPO.

Yep, stay tuned for an announcement on the future of the toolbar in due course - some changes are afoot.

Join Slack for faster support.

"Also we’ve gotten a lot of people getting Error 400 when doing the mobile phone verification. This is caused because the user is entering either:
1. A number that is NOT a mobile
2. Adding incorrect characters (eg letter or special character)
We are currently working to develop a better error message"

Hey, you're actually pretty good!

There's a choreography to these things. It's potentially completing a nice bullish inverse h&s and set for reversal. Or it's heading for the abyss.
The fun bit is you don't know until it's too late.

To me it looked like that curve was flattening to an extent that it would never hit the top data points again.
Edit: not talking about bubbles/anomalies here. Tracking that curve suggests that stable $20k+ prices will not occur.

Help me out here, I've missed something.
If that curve is maintained and roughly predicts future price, BTC is never hitting $20k again.
If not, it's inaccurate right now and so no good at predicting future price anyway.

Got to say that was a good one. Wait for MA cross. Wait for inverse H&S to near completion. Wait for sentiment across TA commentators to pick up.
Then dump.