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I am no financial advisor but however I believe this answer will age well. A few of them who look at this and actually put a few dollars o these projects may become millionaires.
Please do your own research before investing and none of what I say is financial advice.
Here we go,
Some of the projects that I believe will be top projects in 2021 are :
1. BTC : King needs no introduction, digital gold 2.0.
2. Ethereum : Finally Eth 2.0 will be here, we are already seeing the DeFi craze sweep the planet. Vitalik save our gas fees.
3. Polkadot : Polkadot Ecosystem will be the next big runner , potentially causing the next bull run.
4. The Graph : Indexing protocol, most of the popular projects use this. Mark my words, this will be a top 20 project.
5. Concordium : Dark horse of Crypto regulation and a hedge against regulation. Concordium is a blockchain having Identity verification and Regulatory framework by design. With 2020 being the year travel rule gets implemented. This one will be huge, bringing enterprises and banks into crypto through a public blockchain.
6. Tezos : We all know how this gonna run.
7. Near : Near Protocol has been having lots of developments and this one will bring value to the table.
8. Skale : Scaling Ethereum, enough said.
9. Ripple : Ripple will keep having those scam pumps, XRP army will shill again.
10. Chainlink : We all know this Kek coin with mad fundamentals with perpetual pumpamentals.
11. SpaceChain : This one has huge partnerships, European Space Agency, NASA , and has already put satellites in space. Tim Draper low key shills this shit.
What are your picks? Which is the dark horse in your bags?
1) $BTC 2) $ETH 3) $DOT Dark horse $UNI Agree with you that $LTC will be out of the top 10. Zero added value. Disagree with you on $XRP in the top 10. After the SEC thing I think it will be hard for them to recover, but they will remain in the top 30. |
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for this point I have experienced it as a bitcoin user from 2015, and 2017 the balance in my account is quite surprising for bank workers because of its very suspicious value. at the same time the account was locked for several days to explain where I got the money.
was just the bank or they involved the tax office? |
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What country are you in?
I am in the EU |
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From which amount did your bank retained your money and asked you to supply additional documents etc? 10K+? 100K+? they never retained your amount? Planning to book partial profits and want to know others experience.
Please mention the country you reside if possible (if not, at least the continent). Thanks!
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Thank you for your reply.
My girlfriend does not have a Belgian bank account yet, so I suppose that no amount would be suspicious in the beginning.
Even when she already has some money on it, it could well be that she had way more on her Serbian account.
We are talking about 5 digits, what concerns me is that my girlfriend could be in trouble because the amount on her Serbian bank account would increase a lot out of nowhere.
Is that something I should worry about?
you need to know the law in Serbia. Let's say you have 10 BTC and you want to send them there for someone to cash without paxing taxes. Are those 10 BTC considered as 'gift' taxable or not in Serbia? Then you want to send this money back to Belgium to HER bank account. Why? You would put her at risk because if one day the tax office decides to look into her account, she would need to justify where the money came from. As someone else said, your best chances are to cash the money through local bitcoins, buy in online stores without KYC rules etc. I don't know if someone in this forum has an off shore account in Switzerland, but that should also be something to check. |
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Hi Everyone, I recently collected some crypto profits and would like to transfer them to my Belgian bank account (I am also Belgian).
But that means that I have to hand over 33% to the tax authorities.
My girlfriend is Serbian and has a Serbian bank account.
After some research, I discovered that crypto profits in Serbia are not taxed at all.
Is it legal to send my crypto to my girlfriend's wallet, she transfers the amount to her Serbian account and then to her Belgian account?
It seems like a waterproof system, but I am really not entirely sure.
Thanks for helping me with this.
This won't end well. You don't say what you mean by "some crypto profits". If you mean 500 EUR, I don't think no-one will care. But if we are in the 5 or 6 digits figure, and supposing your girlfriend's Belgian bank account does not receive monthly more than 4 digits figure, then that will raise a question for the tax office. They will wonder why your girlfriend's account has suddenly an increase of X amount and she will be in trouble. The only way I see here is for you to transfer the money (as a "gift") to someone you trust in Serbia and who lives in Serbia. Then you need to see if this transfer ("gift") is tax exempt in Serbia for the receiver (gifts are taxable in many countries). Then the receiver can cash out, and then you can get the cash by going there in person. The other option could be opening an off-share bank account e.g. in Switzerland, but I don't have a clue how that works. |
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Slovakia must be one of the countries with the highest taxes in the world for crypto. It works like this: - If your yearly income is up to EUR 36,000 then you pay 19% on your crypto profits - If your yearly income is greater than the above, you pay 25% on your crypto profits. ON TOP OF THE ABOVE, you pay 14% from the remaining money on health insurance (don't ask my why). Example: you bought 10 BTC for 1,000 EUR each and you sell all of them for 25,000 EUR - therefore you have a profit of 240,000 EUR. This means you will pay: 25% of 240,000 = 60,000 EUR (tax) 14% of 180,000 = 25,200 EUR (health insurance) Total paid in 'health insurance' and taxes: 85,200 EUR Final profit: 154,800 EUR Is there any worst country than Slovakia when it comes to crypto taxation?  https://translate.google.com/translate?sl=sk&tl=en&u=https://www.mojedane.sk/kryptomeny_danove_priznanie/ |
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I think if the bullish market will happen, the price of litecoin will reach $1000 for sure
For sure? if it was so easy everyone would be rich. I don't really see Litecoin any better than Bitcoin (the king), Ether (Dapps, Defi, etc), Link (Chainlink) or even Stellar (for payments). Litecoin is pure speculation in this moment. Why someone would use Litecoin for payments when there are better alternatives, and why it would be used as store of value when there's Bitcoin? The reason Litecoin hit ATH in 2017 is because all coins hit ATH back then. But times changed and I have seen very little progress with this coin. (I own Litecoin btw, but I don't plan to buy more) |
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Dear xxxxxxx, We regret to inform you that it has been decided to terminate our cooperation. Kindly note that in accordance with our Terms & Conditions ( https://wirexapp.com/terms-and-conditions) we reserve the right not to provide the details of the account closure reason. We appreciate your understanding and cooperation on this matter. Well, this speaks really very very bad of them. Long life crypto and the fact you're REALLY the owner of your funds. I was about to order a card today but this message and the fact that they want me to take a pic of my ID with my phone and sending it (I ALWAYS add a watermark in my ID with the words 'for use of XYZ only' to prevent identity theft) have made me reconsider my decision. |
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i have got around $1500 to invest in coins which coins do you guys suggest to invest in for quick money ? a year ago I have invested in STRAT and Sia and I lost big amounts and regret investing in those coins.
I'm thinking of investing $1k into BTC as its low risk but I would like to risk the the other $500 with a coin that I can make quick money with it
first of all read this topic, it provides a good strategy to accumulate bitcoin considering the volatility of this market. the idea is not to hold forever, but to sell a fraction of your holdings every time the value of the coin doubles e.g. if you have 1 BTC and the value goes from 7K (the price you initially bought) to 14K then you will sell 0.10 BTC. When the value goes to 21K then you will sell 10% of 0.90 BTC and so on: https://bitcointalk.org/index.php?topic=345065.0 |
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I did three trades for the following amount of coins:
Two weeks ago:
200 coins
400 coins
Today
300 coins
This totals 900 coins, but strangely, Binance shows my balance is 890 coins (!)
Did anyone had the same problem? What the hell is this?
P.S. coin amount is for reference only
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Hi, I am so far satisfied with BitPanda but I'd like to clarify something: is the fiat currency (i.e. the EURO stored in our Euro Wallet) insured? In Coinbase they have this disclaimer: Fiat Currency
Coinbase stores all customer fiat currency (government-issued currency) in segregated, custodial bank accounts. The funds held in those accounts belong to Coinbase’s customers - not to Coinbase.
If you are a United States resident, your Coinbase USD Wallet is covered by FDIC insurance, up to a maximum of $250,000.
Even if Coinbase were to become insolvent, the funds held in the custodial bank accounts could not be claimed by Coinbase or its creditors. The funds held in those accounts would be returnable to Coinbase’s customers.
Do we have the same protection for our money in the Euro wallet? Hi BitPanda, still waiting for a confirmation on this. Thank you. |
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What is the best way to store this currency on a desktop computer?
Have the same question, didn't find anything convincing so far. Anyone? |
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I'm wondering how it works if you got huge profits from crypto, like 1mln USD. Can you still pay the tax and be clear?
of course, as long as you show that the Bitcoins you are exchanging for fiat were acquired in a licit way. |
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My question is related only to the profit you can make from converting Bitcoin to Euro, after you bought it for a cheaper price. Easy example: you buy 1 BTC for 1K EUR, you sell it six months later for 10K EUR. You made a profit of 9K EUR. I suppose you need to pay a tax for that 9K EUR profit. No, I don't  It would help for your question if you say which country you live in. Slovakia. |
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Found this: http://www.thisismoney.co.uk/money/experts/article-5019947/Do-pay-tax-sell-bitcoin-big-profit.htmlIf the bitcoins have been purchased HMRC will regard any increase in value as being liable to capital gains tax. Tax will only crystallise when the bitcoins are converted into another currency, be it sterling or dollars or even another cryptocurrency. Capital gains tax is currently charges at ten per cent or 20 per cent (or a mixture ) depending on the level of the taxpayer’s other income.
Therefore in the situation above, the bitcoin seller is liable to capital gains tax on the gain arising. As the current price of a bitcoin is approximately £4,500 that would lead to a capital gain of £4,495,000 (£4,500,000 less £5,000) which after a capital gains tax exemption of £11,300 leaves a tax liability for a higher or additional rate taxpayer of £896,740. |
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In EU, the relating tax treatment of bitcoin for tax purposes differ depend on each EU country. However, purchasing and selling bitcoin does not incur VAT but bitcoin transactions may be subject to other taxes, such as income tax.
In no moment my question was about VAT. My question is related only to the profit you can make from converting Bitcoin to Euro, after you bought it for a cheaper price. Easy example: you buy 1 BTC for 1K EUR, you sell it six months later for 10K EUR. You made a profit of 9K EUR. I suppose you need to pay a tax for that 9K EUR profit. |
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You are supposed to do it when your profit exceeds the non-taxable minimum, also called personal allowance. I'm talking here about countries where it's taxable, because in some countries like Germany and recently Belarus you don't have to pay anything.
You do it once a year and usually the transfer from an exchange to your bank account is the only proof that you'll need (in case they ask) you don't have to attach it to your annual report. You also can keep emails from the exchange with dates that show when you've deposited and withdrew your money. Thank you! I think in Germany is taxable if you convert to fiat BEFORE one year. After one year is not taxable. Where I live apparently I don't need to declare anything if profits are not greater than 500 EUR. Any other profit needs to be declared. So OK, is just tax declaration and they take my word for it, and if they want to digg more they will contact me etc. Got it. Thanks! |
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It is funny to see this. We must understand what the taxes for using BTC is?
There are always taxes if you have a profit, no matter if the profit comes from a an exchange of Bitcoin to Euro, gold, a tomato or a bet in Bwin. So that's the reason of my question. If you're a EU citizen or resident and have done this, it would be helpful to share your experience. Thanks! |
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