Hello everyone. I'm not an expert at all but did purchase about 0.7 BTC worth of ORDI earlier this week, so am very interested in this discussion.

My initial reasoning for purchasing the coin on the ordinals website was that, finally, bitcoin was [now] going to throw off its shackles and [eventually] give many more people many more reasons to buy it; which would also mean that [eventually] there'd be many more people not buying ethereum.

There is a clear and present danger that ethereum will usurp bitcoin as the number 1 coin, in terms of market cap. I am of the opinion that if this happens, bitcoin will slowly fade away into insignificance. I hope that I'm wrong about that, but my concerns about it meant that I was initially delighted to hear about brc-20/ordinals.

I don't know if or how it can happen, but my opinion right now is that bitcoin developers must find ways to deflate the erc-20 bubble, or bitcoin will lose prominence at a rapid rate of knots.

I don't believe that the original whitepaper for BTC should be left unchallenged and unchanged forever in the future, any more than the US constitution should be left unchallenged and unchanged forever [since the 1780s]. Not unless someone here believes that Jesus wrote that white paper. 

I'm open to being ridiculed. I just want to learn and protect my investments. Thanks for reading.

Thanks for your response.
The dates I'm interested in are the tax year 21/22 which happen to start/end in April where I am (not sure if this is universal).

1) I had zero BNB at the start of that tax year (April 2021)
2) At the end of that tax year (April 22) my transaction history (only seven transactions directly involving BNB [excluding BNB fees]), read that I should have about 3.5 BNB left (less if you consider the BNB fees).
3) In May 2022 I then sell about 4.5 BNB (and that's my only direct transaction using BNB of the 2022/23 tax year so far).
4) Presently, according to Binance, I still have about 1 BNB in my account.

So, in 21/22 I have 3.5 BNB left by April 2022 (minus BNB fees, which are close to 1 BNB), leaving about 2.5 BNB. Yet a month later I sold 4.5 BNB and still have about 1 BNB left.

The bottom-line is that there's about 3 or 4 more BNB in my Binance account than there should be and I cannot think of a reason why this should be the case unless my transaction/convert history requests are incorrect.

I don't know what to do about it. All I know is that it's going to look dodgy if the tax man ever knocks on my door and asks for a cup of tea, so to speak. Not that they'll lock me up over a handful of BNB, but to be honest I've acquired substantial gains in crypto since early 2019 and I don't want 'prime tax evasion suspect' stamped upon his report.

Hello. I'm trying to prepare my crypto statement for tax purposes and it looks okay except for BNB (Binance coin). I've looked at my transaction history and I appear to have more BNB on Binance than I should do compared to the statements I've downloaded. Not many, just a handful of BNB (I think I should have about 4 BNB left but Binance says that I have about 9). Is there a possible explanation for this other than me being a muppet?
Thanks in advance for any advice/suggestions.

Thanks for the response. Yes, I heard that rumour about CGT in the UK.

What I really want to know I suppose is IF a seller in the UK was willing to accept bitcoin/crypto as a currency for their property, would the UK government allow it and [then] how would the tax journey pan-out in comparison to the £? I mean, if somebody in the UK (or anywhere, I guess) accepts X amount of bitcoin for their property, does it save me any money in the long-run by paying for it with bitcoin when the tax man is George Orwell's nightmare vision for the 1980's?

The bottom-line, I suppose, is am I able to purchase property with cryptocurrency and how much money if any can I save by doing so?

I've just joined the forum earlier tonight (UK), so hello to everyone.

I'm not rich but have sufficient bitcoin/crypto to be wondering about the possibility of buying a modest house/property/land if crypto continues to rise next year and property prices collapse significantly. So I was wondering about the potential to buy property with crypto, not just here in the UK (preferably), but globally?

Property prices are currently high and (crazily) going higher (here), but if the anticipated collapse happens next year I want to know my options, especially if crypto goes to new ATH during that period, as I hope/anticipate. Can you buy a house with crypto, or do I need to convert to fiat (£ etc.) before I do so? What are the tax repercussions, even if I can? Etc..

Any advice/thoughts welcomed, lest I skewer myself next year. Enjoy your weekend.

As much as I love and have invested into the concept of bitcoin/crypto, please pay no attention to this survey.

I mean, have you ever been approached by someone who wants to take a survey? How often are you likely to entertain them unless you have a strong positive or negative opinion about what they want to talk about? I mean, if a couple of mormons approach me asking to do a survey it's a case of "Sorry bro, I'm about to miss my bus". So yeah, the data doesn't include the masses who - unfortuantely to this date - don't give a shite about crypto. And if whoever took this survey are saying they are including all disinterested people within their survey, then they're definitely telling porkies.

Surely, the ultimate point of investing in bitcoin/crypto is, for most, the gains that you can make in your overall wealth in the medium-to-long term? I mean, ultimately, hodlers want to generate more wealth and traders want to generate more crypto (wealth), but both have their eye on keeping crypto (even as a stablecoin). Nobody 'sells' their crypto unless they're a newbie or have no medium-term confidence in it. As it's 2021 next year, the end of the 4-year cycle where everyone is anticipating the bull market to really kick-in, selling now seems like an act of financial suicide to me (at least).

For newbies who are just coming in for a bit of a gamble, hoping to double their wealth overnight in order to buy [say] their kids a decent birthday/Xmas present, I'd say that you might as well go to your local casino and put what you have on red or black at the roulette table.

I'm new to the forum, so hello to everyone.

I came into a little bit of money in 2018 and wasn't sure where to invest it. After a fair bit of research I decided in early 2019 to invest about two-thirds of it into crypto (mainly bitcoin) and the rest in gold/silver. Though gold/silver has increased in value by about 50ish% since then, I now regret not investing it all in crypto. I mean, I was first in at bitcoin for 3.6K US dollars, so maybe you'll understand my opinion given that it's now currently above 18.5K (a 500% profit).

I do still think that the precious metals are destined to be valued much higher than they are now, but not until AFTER the stock market collapses for the 2nd time (since March of this year) with interest rates staying close to zero or becoming negative, alongside continued QE. However, knowing what I know now, I would invest ALL money in crypto until towards the end of 2021 - unless the aforementioned happens. Indeed, I'm always contemplating whether to keep my gold/silver investments as a hedge against crypto disaster or sell and make more money with crypto.

As the football pundits on Match of the Day (England) say, these are nice problems for 'a manager' to have.