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I will never pay any tax on my BTC profits. But then, I don't pay income tax either...
You just need to be organized.
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Have you ever met Chinese, Indian, German (I can go on) migrants while travelling? Certainly you have. I also travel a lot, and met Russian migrants in different countries from US to Japan, and some of them did say unpleasant things about Russia indeed. But the majority of them were proud that they are Russians, while we were talking I thought that it was me who left Russia, since they were aware of all current Russian news some of which I even didn't know about. And there are different reasons why people move to another country. But the way a person talks about his homeland can say a lot about himself.
It depends on where they are. I'm in Latvia right now, and here, Russians remain Russians, but when I was in Germany or Spain, I've met Russians who weren't much Russian any more. They just integrated well to their new country, and they don't speak about Russia any longer. Just like they've forgotten their school years. I remember advising one Russian lady not to keep on reading Russian websites, because you shall not live in the past, nor being too attached to one single country. The world is a large place and life goes on... |
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Really? Russians women I know are happy to be in the EU because clothes are more beautiful and much cheaper than in Russia. That' the problem: all Russian products are of terrible quality, and awful design, so you have to buy imported and they cost more in Russia than in the EU. I had a Russian girlfriend, and the first time I took her to Primark (famous affordable clothes retailer), she couldn't believe the prices!
That's only normal, actually. More competition and more experienced consumers force lower prices...
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Everything depends on where you live... If you don't pay tax like me, you have nothing to fear from KYC regulations.
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You will make an even bigger sacrifice by staying in your native country. If I had stayed there, I estimate that my income would be reduced by about 60%. So I'm going out much more, I drive a nicer car, and I have a more interesting lifestyle because I regularly meet new people. The real pain nowadays, is to stay more than a month in the same country... There are so many things to do, so many places to visit... I'll keep on traveling forever!
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And most of them are fleeing from the authorities for issues ranging from crimes, frauds to political disagreement.
And you never know when they'll be targeted with a never known poison or disease.
Far from it, they're young adults, all less than 30, bright and smart who emigrated after finishing their studies. I know one Russian woman working in advertising agency in Frankfurt, one woman working in PR in Barcelona, one Russian guy who is a mechanic near Cologne. They will have a better and happier life in the European Union, so much that they will assuredly live longer than if they had stayed in Russia... I am sure that it does not matter in what country you live if you earn well, but the motherland is worth more than any money  Motherland is worthless and useless. Leaving it was the best decision I've ever made. Better than when I first decided to buy BTC. |
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Taxation is not a theft, people in the society are the beneficiaries of tax especially our children's studying in public schools, free tuition in colleges etc.
Public schools turn children into government's loving sheep. They are the best tool a dictator has at his disposal to turn people into slavery. |
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I had long thought Russians were sheep, and I have pity on them, but finally there's hope. In Barcelona (Spain), in Koln (Germany), in Genoa (Italy), I've seen Russians who left Russia for good and who have started a new and brighter life. They don't want to go back to their native country, because they've realized that living in Russia is miserable. No one I've talked to seemed to have any hope that things could get better in Russia (that country is doomed), so they just left, and I congratuled them for that.
There's a message here. If you live in a shitty country, don't wait for things to get better. Just leave and enjoy a better life now.
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The good side of the news is that, at least, we know who is behind Poloniex. The bad is that I don't like these new owners. Obviously, they aren't anarchists who want to destroy the banking system... It could be good for BTC, though... Let's wait and see.
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Where did you head?
Unfortunately most of them are islands. I like hanging out in Monaco too but that's even more repulsive than the island ones I've been to. Most of them seem to consist of resentful locals and entitled tax dodgers which doesn't make for a harmonious society.
There's no single easy answer. You must not think about moving, you shall think about spreading. There's one country which gives me a passport. There's one country where I've registered one business. There's one country where I own a house. There's one country where my car is registered... |
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I did it years ago. Before BTC, so that I haven't paid any income tax for years. It's a smart move but you shall avoid small islands. There are many other options, but choosing the best one is difficult. It depends on your business, and what matters to you.
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The video and what I've read asks many questions and gives few answers.
What's the weight of a transaction?
How does the transaction spreads across the world (the network)?
Then, the BIG question: BTC is successful because miners are making money. How do you earn anything with that hashgraph thing?
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Wonderful, Bitcoin is now as fast as LTC Litecoin. Say goodbye to BitcoinCash small blocksize drama. All we need is a Segwit.
BitcoinCash was created just to accomodate a few bitcoin holders to make quick cash they see the problem with congested network and use the opportunity to blow it up big have you wondered why there are drasticaly less spam transactions filling the mempool now?  and strangely while btc.com recommends 5 Satoshis/vbyte | 0.00001 BTC/KvBas I'm writing, bitcoinfees.earn.com still showing 110 satoshis/byte  as recommended fee I have yet to understand why some people use a website to see how much the transaction fee should be. Your wallet will recommend you an amount, and you can manually adjust it, so there's just no need for an external source of info. Or you may check mempool size, eventually. |
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Transactions are down a bit, but there were over 200K daily on the day I made mine, so it wasn't a slow day. I agree that could have played a role, though, just as like my SegWit-enabled wallet.
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This low transaction fee is only applicable to transaction in blockchain.info. Transaction fee in most of the exchangers is extremely high especially when bitcoin is involve. The exchangers should also work on their transaction fee.
What are you talking about? I haven't used blockchain.info nor any exchange. |
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FYI there's no point in blacking out the transaction hash because you showed the inputs and outputs (along with fee, size and locktime when the transaction was created). i'd remove the screenshot if i were you, but to each his own. Yes, I thought of that, but I wanted to show that was real, so I had to show something. And people must imagine an old user like me has several wallets... So let's only talk about the good news. I remember I made a transaction not long ago with a $20 fee (I had to do it), so this is first page news that they're cheap again. |
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Just tell yourself that if you can't stop, that's 'cos you've got no balls. That worked for me. And I lived 2 weeks with cigarettes and lighter in the pocket without touching them.
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Bitstamp and Kraken accept banks deposits and withdrawals. Not in all countries, though.
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