When this triangle ends... Up or down?  |
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snip
Buying and selling dash is not a taxable event for you? How is that? Well I understood you pay captial gains when there is a fiat gain in value at the time when you dispose it, ie sell it for fiat. I'm in the UK. I hope I got that right. If I have to proof every single trade between Dash and Bitcoin or whatever other crypto I don't know how on earth I could even start to do that  Some exchanges I have used no longer even exist. I sympathise, in UK too. Since HMRC advice is so sketchy (it goes back to a vague 2014 reference effectively saying 'we will treat it all on a case-by-case basis') we are in the dark. I only cash out in BTC and only (originally) went in via BTC so, I am asking my accountant to simply list all fiat 'in' events and fiat 'out' events and hoping it will be just CGT. But be aware they can see it as 'badge of trade' and charge as though it was income if they think you're a trader. I am hoping if I cough up CGT and list only Bitcoin bought and sold and just pay up, they will accept it. If not, I will find others here in the same position and suggest we club together to get a QC to fight HMRC - as paying 45% income tax will be too much to let pass. I know you and I have different 'cryptos of choice' but we may end up in the same expensive boat, under the same threat of a massive tax bill. Odds on they will just take the CGT, but if not... Let's consider a fight - I think we can probably both afford to chip in for a legal case with others, which they won't have the staff or competence to want to bother with. Sometimes Dashheads and Moneroans can perhaps find common cause ;-) I was reading about an ultrapreneur tax that is flat 10%, you may need to pass a few ticks and go through some hoops in the year before to meet the conditions. That, I think - is if you sell your business off completely, that is to protect people retiring who have one business and want to cash out (after paying tax on the profits along the way). If you trade cypto 'as a business' you will pay tax up to 45% on profits made. Then you 'could' sell the business and get 'entrepeneur's relief' So unless you have found a way my accountant and I have not - I don't think it's possible. I wish! |
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I will pay 20% CGT - but a penny more and they will find out just what a determined bastard I can be.
I seriously doubt they'll bother asking for anything else. For them to want more you'd have to voluntarily hand over hundreds of pages nominating hundreds of trades per day. I'm sure they'll be dead pleased with the CGT windfall and leave it there. I agree. Thankfully, HMRC isn't like the US IRS - I know them, I used to live in NYC and the IRS can get nasty. It's likely they will accept CGT, IMO, yep. I truthfully don't know all of my trades in any case - what with Gox, Cryptsy and originally buying BTC via OK Pay to Japan etc... I just didn't have (and cannot now get) records of all purchases and certainly cannot work out all crypto trading stuff for the past five years. But BTC bought is possible to (mostly) prove and BTC sold, I am not hiding. It's: 'I put this in, and I have taken this out - here are my bank records'. I didn't take a penny out until this tax year anyway. 20% is not so bad, I can live with that (and it's totally honest - I have no need to hide stuff). My accountant says they can go for 'you're a trader' but I think they won't - I didn't live off it, until recently I couldn't have. If they get shitty, I can afford a very good team of lawyers, I will be a serious pain in their rear end. I am volunteering payment, why would they bother? |
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Funny how a few months ago when Monero got added to Bithumb the price nearly tripled whereas getting added to OKEx has done little for the price. How quickly things change in the crypto world. Well, nearly everywhere lists Monero now... They have to  |
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P.S. Any Monero meetups in my area? Currently in Singapore or Thailand. I know there must be some people who value anonymity and privacy.
Are Monero meetups actually a thing? I can imagine that it would be hard to get a decent sized group of XMR users from any local place that isn't a major city. There is lots of metups. It is hard to make them in every village so I guess many need to travel a bit to addend them. On reddit is at least one a week posted, but maybe was such time of a year. Just google a bit and you will find some close to you. Latest is I guess in Chicago: https://www.meetup.com/Chicago-Monero-Meetup/events/246104735/Monero London https://www.meetup.com/Monero-London/None planned - but I would like to go to one... Will subscribe to group - thanks! |
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snip
Buying and selling dash is not a taxable event for you? How is that? Well I understood you pay captial gains when there is a fiat gain in value at the time when you dispose it, ie sell it for fiat. I'm in the UK. I hope I got that right. If I have to proof every single trade between Dash and Bitcoin or whatever other crypto I don't know how on earth I could even start to do that Some exchanges I have used no longer even exist. I sympathise, in UK too. Since HMRC advice is so sketchy (it goes back to a vague 2014 reference effectively saying 'we will treat it all on a case-by-case basis') we are in the dark. I only cash out in BTC and only (originally) went in via BTC so, I am asking my accountant to simply list all fiat 'in' events and fiat 'out' events and hoping it will be just CGT. But be aware they can see it as 'badge of trade' and charge as though it was income if they think you're a trader. I am hoping if I cough up CGT and list only Bitcoin bought and sold and just pay up, they will accept it. If not, I will find others here in the same position and suggest we club together to get a QC to fight HMRC - as paying 45% income tax will be too much to let pass. I know you and I have different 'cryptos of choice' but we may end up in the same expensive boat, under the same threat of a massive tax bill. Odds on they will just take the CGT, but if not... Let's consider a fight - I think we can probably both afford to chip in for a legal case with others, which they won't have the staff or competence to want to bother with. Sometimes Dashheads and Moneroans can perhaps find common cause ;-) beware the deception by gov and tax office 1) get you to admit it is an income 2) get you to admit what you use it for e.g. investment 3) then if you do not admit to any of that, they will make a determination and take your money bitcoin is not their currency and it is ridiculous to call it income or investment it is just your money nothing else, not your fault you have to exchange your btc into fiat to utilize services, they should learn to accept your money Don't worry, I didn't go through: All the shit, the Goxing, the seeing it slump to $152 when my average buy was four times that (and deciding to just bought MORE to average down), plus years of watching this thread every day, checking the price first thing in the morning and last thing at night, while holding a full time job down.... All that to give up on my gains that took a shit load of stress and a very thick skin just to HODL onto..? To have someone tell me I have to pay nearly half of it over - without a serious fight? No. No. No. I will pay 20% CGT - but a penny more and they will find out just what a determined bastard I can be. |
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 Sorry, your TXID doesn't exist when I use accelerator. You have to hit that accelerator right on the hour as only 100 tx are allowed per hour. Also it is very busy most of the time. You might have more luck getting the tx accelerated if you have more than one person attempting to get it through. You have one minute! He got a confirm. 45k lost.  Damn - poor sod. There but for the grace of god.... |
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snip
Buying and selling dash is not a taxable event for you? How is that? Well I understood you pay captial gains when there is a fiat gain in value at the time when you dispose it, ie sell it for fiat. I'm in the UK. I hope I got that right. If I have to proof every single trade between Dash and Bitcoin or whatever other crypto I don't know how on earth I could even start to do that Some exchanges I have used no longer even exist. I sympathise, in UK too. Since HMRC advice is so sketchy (it goes back to a vague 2014 reference effectively saying 'we will treat it all on a case-by-case basis') we are in the dark. I only cash out in BTC and only (originally) went in via BTC so, I am asking my accountant to simply list all fiat 'in' events and fiat 'out' events and hoping it will be just CGT. But be aware they can see it as 'badge of trade' and charge as though it was income if they think you're a trader. I am hoping if I cough up CGT and list only Bitcoin bought and sold and just pay up, they will accept it. If not, I will find others here in the same position and suggest we club together to get a QC to fight HMRC - as paying 45% income tax will be too much to let pass. I know you and I have different 'cryptos of choice' but we may end up in the same expensive boat, under the same threat of a massive tax bill. Odds on they will just take the CGT, but if not... Let's consider a fight - I think we can probably both afford to chip in for a legal case with others, which they won't have the staff or competence to want to bother with. Sometimes Dashheads and Moneroans can perhaps find common cause ;-) |
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I will give out a total of 10 XMR to the person(s) that have correct or closest guess when Monero hits 777 USD
I went for April 1st 2018. I was deleted too, but maybe mods thought a comp like this was not a good idea. It worked in the WO thread - so why not here? I would rather see an absolute for how the $777 is calculated (given on Polo the only USD price is based upon Tether (Yuck!). I think Explorer was similarly concerned. But maybe it's all moot, given all posts including the original defining post were deleted? |
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Just wanted to pop in here and say MERRY CHRISTMAS, HAPPY HOLIDAYS, HAPPY NEW YEAR, etc etc to all you fine gentlemen of the Monero Spec Forum.
.....
Hey, good to see you here, KeyJockey and I second the Chrstmas greeting to the ladies and gentlemen here. Merry Christmas and wishing everyone a great 2018. |
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Do u think xmr reaching 1000 usd is possible in 2018?
Try not to think in terms of USD but rather in BTC. If the cryptospace is a rollercoaster then all that matters is how close we're sitting to the front, irrespective of the nature of the track and its various loops. Merry Christmas, Rangedriver! Sure we trade against BTC, but how can one not keep an eye on $ value, since that is what we all will have to cash out into, ultimately. Lambos aren't priced in BTC |
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Breaking 24777$ prediction game
27/12/2017 bikerleszno
07/01/2018 ghandi
08/01/2018 savetherainforrest
09/01/2018 explorer
10/01/2018 bicoinpsycho
12/01/2018 speedwheel
13/01/2018 undeadbitcoiner
14/01/2018 northypole
15/01/2018 ivomm
16/01/2018 maca068
17/01/2018 bitcoinvest
18/01/2018 last of the v8s
21/01/2018 flamast2
24/01/2018 kartala
25/01/2018 orpington
26/01/2018 rolling
27/01/2018 LFC_bitcoin
28/01/2018 jojo69
31/01/2018 realsteelboy
12/02/2018 yonton
13/02/2018 Wekkel
15/02/2018 starmman
17/02/2018 leveldkrypto
18/02/2018 olesh
19/02/2018 BitCoinBurger
22/02/2018 icygreen
23/02/2018 erisdiscordia
24/02/2018 phil_s
06/03/2018 sa_94
07/03/2018 NUFCrichard
13/03/2018 erre
18/03/2018 fabiorem
21/03/2018 dakustaking76
05/04/2018 bitcoinbunny
11/04/2018 hairymaclairy
02/06/2018 oblox
05/11/2018 mikenz
31/12/2018 melman2002
Maybe because its This time of the year we make a small game Just to call 24777$ (CET) the one with the day of breaking This price wins .25 BTC
The list Will be Made after This post So When a date is taking iT cannot been taken again
When the winning date is exactly in the middle of 2 each Will get .25
Oterwhise closest to the winning date wins
LIST MAKING ENDS 25-12-2012 @ 22.00 cet
AFTER THIS POST NO MORE NEWBIES MINIMUM 50 Posts
02-04-2018 please! |
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As long as it holds at $425 on Christmas, the Prediction Masters here are still on point.
Who said anything about Christmas? Hey you nailed it, respect. No one should argue you weren't dead right. |
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This is something that bears watching, IMO:
http ://redditmetrics.com/r/Monero
Out of 1.2 million /r/, Monero is:
No. 104 Fastest growing yesterday
No. 117 Fastest growing last 7 days
No. 201 Fastest growing last 30 days
No. 427 Fastest growing last 90 days
Over 1000 new subscribers per day, and accelerating. Sure, all of crypto is expanding, but to me this indicates that Monero is receiving its share of attention, and more. Ranked near top 0.1% (for # subscribers on that site) and exploding upward. This is visibility, adoption, exposure, whatever you want to call it. Here it comes.
Cool stats, they match my sense of what is happening. I see a dip against BTC and then (unlike in the past) there are immediately bargain hunters, hoovering up any signs of cheap Monero. You have to realise you just can't buy cheap Monero any more, unless you're very quick off the mark. I am having to adjust my trading stance accordingly... EDIT: BTW, Explorer - I guess you have also spotted how the odd mention of Monero in the WO thread is allowed to pass through the velvet rope. Far more of the smarter people are keeping Monero quietly in their portfolio, it seems It doesn't hurt that the WO moderator moonlights here.  Not at all and he is most welcome! I trust you're well... I just popped in as we popped over the 350 bucks mark. It's always a pleasure to see new milestones passed and catch up on what's next here. I reckon you're doing OK over at the you-know-what, I hope you don't regret taking it on. Respect is due to ya for it in my book - don't be a stranger and do feel free to pop in here? |
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The Moon. It is black and orange Ha! Well spotted. I can see it peeping through the curtains. Nite all, am in european timezone... /crypto day |
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The moon is getting smaller.
Maybe that is because we're already past it. Things can look further away in the rear view mirror? EDIT: High on Hopium. |
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I will now shut up for the night. A wonderful Malbec is my poor excuse for being more than usually effusive on my best ever investment.
Be careful out there - and sleep soundly with your Monero.
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This is something that bears watching, IMO:
http ://redditmetrics.com/r/Monero
Out of 1.2 million /r/, Monero is:
No. 104 Fastest growing yesterday
No. 117 Fastest growing last 7 days
No. 201 Fastest growing last 30 days
No. 427 Fastest growing last 90 days
Over 1000 new subscribers per day, and accelerating. Sure, all of crypto is expanding, but to me this indicates that Monero is receiving its share of attention, and more. Ranked near top 0.1% (for # subscribers on that site) and exploding upward. This is visibility, adoption, exposure, whatever you want to call it. Here it comes.
Cool stats, they match my sense of what is happening. I see a dip against BTC and then (unlike in the past) there are immediately bargain hunters, hoovering up any signs of cheap Monero. You have to realise you just can't buy cheap Monero any more, unless you're very quick off the mark. I am having to adjust my trading stance accordingly... EDIT: BTW, Explorer - I guess you have also spotted how the odd mention of Monero in the WO thread is allowed to pass through the velvet rope. Far more of the smarter people are keeping Monero quietly in their portfolio, it seems |
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Likely because we still have no widely known mobile wallet ( monerujo could need some marketing ), no HW and people likely just hold their Moneroj on exchanges The GUI is pretty functional, I don't think serious holders (hodlers?) are all on exchange at all. An HW will come - it's a matter of time only, it's simply that Monero is more sophisticated than other Bitcoin 'clones' and therefore not as simple to copy/paste code into a standard HW. Monero is superior tech, they need to catch up, not us. Txs difference could also be about pool-payouts... afaik monero crams together as many as it can and so you got 1tx in the explorer to "x" miners .... no clue how thats done in BCH but id guess a tx each ? Good point, it isn't because of retail use (although Bitpay is a coup for them that may change that). Mining payouts due to ROI (price / difficulty) manipulation is likely a factor in tx numbers. They waste enough money on spamming BTC, why not boost txs via mining payments to make that 8-lane highway look busier? Ver might be an utter prick (and a liability) for BCH, but Wu is NOT stupid. He knows how to play a decent strategic game and by being centralised, he can pivot his ecosystem in a flash in a way that Core cannot. |
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