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This Question is for all members who understand Crypto-currency Tax in the United Kingdom:
What TAX do you pay when you withdraw your crypto-currency earnings in Pound Sterling (£), using your UK bank account?
- Is is Capital Gains Tax OR Income tax?
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Hi everybody, I have a serious question to address:
How will you tell (or reveal) to your Bank that the huge daily (or weekly) deposits into your Bank Account are from crypto-currency profits?
- Would you go to your local Bank Branch and tell them ahead of time, that you are a crypto-currency investor BEFORE you make huge deposits?
- Would you go to your local Bank Branch and tell them that you are a crypto-currency investor AFTER you make huge deposits?
This question is important, especially for people of modest income that SUDDENLY start to make huge profits from crypto-currency.
EDIT: I would love to pop into my Local Bank branch (in the United Kingdom) to tell them that I am into crypto, but I am a local person in the area - I do not want to attract attention to myself (or to attract potential thieves), because we do not really know who these Bank staff really are, or if they have connections to the criminal underworld.
I do not want to turn myself into a local target.
EDIT 2: The reason why I was suggesting contacting the bank first, before making serious deposits (single large deposits or frequent small deposits), is because some banks just call the police (without contacting you first), when they notice strange transactions in your account.
When a bank calls the police on their customers, this automatically gives the police the permission to issue a "search warrant" on your living premises.
This means unwanted visits from the police, who have authority to scuffle through your possessions and seize all of your electronic communication equipment.
While doing this, they now have the opportunity to search your home for anything else that they think is wrong, or to issue trumped up charges against their victims.
The real reason why I want to contact my bank before I make any serious deposits from crypto profits, is to avoid the possibility of unwanted police visits or investigations. Police love to confiscate electronics (computers phones), which could prevent you from accessing any market while the electronics are in police custody.
EDIT 3: I am not scared of paying high taxes. I just want to cash out honestly, without being worried of the unpredictable and punitive behavior of the Authorities, who always criticize or attempt to make accusations "on suspicion" of wrongdoing.
I want to pay the correct tax, and get over and done with this issue. I do not want the Authorities chasing me around for unpaid taxes later in life.
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Hi all.
What can we do to prevent being tracked by Bitcoin dust or Altcoin dust?
Is it possible to configure our clients so that they do not receive these tiny transactions?
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In my Bitcoin Core Qt-client v0.14.2 , I get the following WARNING MESSAGE:
Warning: Unknown block versions being mined! It's possible unknown rules are in effect
When I open my debug window console, I get the following WARNING MESSAGE:
WARNING: Scammers have been active, telling users to type commands here, stealing their wallet contents. Do not use this console without fully understanding the ramification of a command.
Does anybody know what is happening?
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Has anybody sold BTC for CASH in the United Kingdom?
- How do you pay/calculate your tax?
- How does your Bank react?
- Do you need a solicitor?
- Have you ever had any trouble with Law enforcement, because of Bitcoin trades?
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I need help to set up a mining pool for PX: https://bitcointalk.org/index.php?topic=1571151.0PX is a Hybrid POW/POS. However, the blocks are flying faster than usual, so this coin will end up being more profitable for POW miners, than for POS miners I have been unable to get a suitable mining pool. The reasons are explained in the comments below: PRIVATE MESSAGES FROM iGOTSPOTS Because pool ops aren't using MPOS properly. Every single one of my coins can be pool mined
I told you it would be fast until difficulty adjusted
There are also PPC patches for NOMP
If pool ops don't want to use it, that's not my problem
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I need help to find a dedicated member/Developer that makes LINUX, MAC and OSX wallets
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Does anybody know about SECURE staking web wallets?
Do you know a DEV that makes them?
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HOW "UPGRADEABLE" ARE MASTERNODE COINS?
I have some important questions regarding Masternodes:
- Are masternode coins easily upgraded?
- What obstacles do you encounter as a Developer, when trying to add features to a Masternode coin?
- How do you disable and re-enable a Masternode?
Please post replies below. Your ideas are important.
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I am looking for Technical development
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Hi everybody,
We are looking for a CORE Developer to help us manage and improve our coin.
Please send me a PM for more details.
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Hi all,
Would any of you consider using a paintball marker for home defence, in a riot situation to ward off violent people from approaching your home?
NB: Paintball marker shooting within the legal power limits of state.
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