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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26390585 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
xhomerx10
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November 02, 2018, 01:48:58 PM

Ok guys... time to continue the game  Roll Eyes
Where was this photo taken?




trying BUT chinese-japanese or whatever is not my language  Undecided

 It's Korean I believe
El duderino_
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November 02, 2018, 01:50:35 PM

^
than probably SOUTH Grin
seoul
gangnam-gu.... or something

BUT WHERE IS SOMETHING BTC RELATED ON THE PIC
THAT WAS THE NEW STANDARD Grin
Elwar
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November 02, 2018, 01:54:18 PM

My first guess is Seoul...Gangnam...looks familiar.
kirreev070
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November 02, 2018, 01:57:33 PM

Ok guys... time to continue the game  Roll Eyes
Where was this photo taken?




It’s Seoul.
Check the license plate at Aston Martin and it this photo

It’s in Korea

gentlemand
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November 02, 2018, 02:12:03 PM
Merited by BobLawblaw (1)

Interesting, I think when I finally start cashing large portions of my HODLING’s I’m going to have to try & emigrate. I am not willing to pay 45% tax on what I sell.

Good job you only have to pay 20% then. You're welcome to pay the extra 25% voluntarily. That'll fund another council bum wiper for me.
Torque
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November 02, 2018, 02:12:53 PM

OT: Sounds like Apple is going to stop reporting actual quarterly unit sales numbers for it's iPhones, iPads, and laptops.

https://www.cnbc.com/2018/11/02/apple-stock-lower-after-major-shake-up-of-quarterly-reports.html

WTAF?? I guess transparent sales and revenue numbers just don't fkn matter for these tech companies anymore. Stock price will keep pumping while sales go down. Insane the world we live in now.
bitcoinPsycho
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November 02, 2018, 02:47:02 PM

crypmike
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November 02, 2018, 02:56:24 PM

Ok guys... time to continue the game  Roll Eyes
Where was this photo taken?




So quickly )

Yep, Seoul.

What place?
Small hint on the next photo. Not Gundam




BUT WHERE IS SOMETHING BTC RELATED ON THE PIC
THAT WAS THE NEW STANDARD Grin

Oh.. really? I missed something  Grin The whole country is BTC related! But haven't seen here crypto-related advertisement of smth like this  Huh
LFC_Bitcoin
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November 02, 2018, 03:01:48 PM

Interesting, I think when I finally start cashing large portions of my HODLING’s I’m going to have to try & emigrate. I am not willing to pay 45% tax on what I sell.

Good job you only have to pay 20% then. You're welcome to pay the extra 25% voluntarily. That'll fund another council bum wiper for me.

So you’re right - https://www.google.co.uk/amp/s/www.dailymail.co.uk/money/experts/article-5019947/amp/Do-pay-tax-sell-bitcoin-big-profit.html

I have to admit I’ve never declared anything I’ve sold, (please don’t track me down HMRC - good luck on that though Wink) I assumed it was 45% tax here as it’d be a lot to sell GBP wise.
This makes me very happy, thanks.

goldkingcoiner
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November 02, 2018, 03:02:39 PM

Is there really a country in this world where you can just cash out and nobody will even think of telling you to pay tax on your newfound wealth?
Globb0
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November 02, 2018, 03:06:45 PM

hmm locating......


bitserve
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November 02, 2018, 03:11:11 PM
Merited by jbreher (1)

^
than probably SOUTH Grin
seoul
gangnam-gu.... or something

BUT WHERE IS SOMETHING BTC RELATED ON THE PIC
THAT WAS THE NEW STANDARD Grin

I see a "WALL OBSERVER" sign in the middle of the picture, it can't be any more BTC related than that Wink
bitserve
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November 02, 2018, 03:14:03 PM

Is there really a country in this world where you can just cash out and nobody will even think of telling you to pay tax on your newfound wealth?


Probably none where I would also be willing to live and spend my newfound wealth.
jonoiv
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November 02, 2018, 03:21:28 PM

Is there really a country in this world where you can just cash out and nobody will even think of telling you to pay tax on your newfound wealth?

Anywhere in the EU, they probably won't do shit unless it's over 100k per year. But don't hold me to that.  

If (as far as i know) you want to do it by the book as i do to avoid problems in the future:

For people with small profits like me, just register a UK company as a sole trader, that gives you the first 12,500 GBP (about $15k ) tax free, you will need to register and get an NI number and only need to pay NI contributions of about 240 GBP a year.  Then there are pleanty of other contries in the EU that you don't need to reside in to register as being able to trade some with tax free allowances for first few thousdand.  If you have the time and put in the effort and research you can get a massive chunk out tax free and legally and at the very worst it's a grey area.

Look into Malta and Andorra if you have a decent amount and want to keep all the tax affairs in one place and If you are talking about millions then pay someone in the cayman islands or set up your own 3 way company like all the massive companys like google do.

I have only took out a few thousand since 2012, but it's all been legal as far I have have looked into.  If anyone knows differnt i would like to hear from them as i don't want a knock on the door in 20 years saying i owe money to someone somewhere.
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November 02, 2018, 03:22:19 PM
Last edit: November 02, 2018, 03:35:01 PM by Elwar
Merited by crypmike (5), xhomerx10 (1)

Ok guys... time to continue the game  Roll Eyes
Where was this photo taken?




Myeong Dong

https://goo.gl/9FQyQn


Knew it looked familiar. Been there.

Last of the V8s
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November 02, 2018, 03:42:08 PM

Someone please break it to me gently where is the Aston? Can normally spot these a mile off...
Yaplatu
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November 02, 2018, 03:47:10 PM

Got to " Full Global Money ", just HOLD Cool

Cassius
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November 02, 2018, 04:03:03 PM

Interesting, I think when I finally start cashing large portions of my HODLING’s I’m going to have to try & emigrate. I am not willing to pay 45% tax on what I sell.

Good job you only have to pay 20% then. You're welcome to pay the extra 25% voluntarily. That'll fund another council bum wiper for me.

So you’re right - https://www.google.co.uk/amp/s/www.dailymail.co.uk/money/experts/article-5019947/amp/Do-pay-tax-sell-bitcoin-big-profit.html

I have to admit I’ve never declared anything I’ve sold, (please don’t track me down HMRC - good luck on that though Wink) I assumed it was 45% tax here as it’d be a lot to sell GBP wise.
This makes me very happy, thanks.



Nope, cap gains is 20% in UK. If you earned large amounts then you'll be in the 45% bracket but if you're cashing out some long-term holdings then it's CGT not income tax.
Remember too that you have a £11,500 CGT allowance (might be a little more this tax year) and that if you have a spouse you can also use their unused CGT allowance.
I just filed and paid my tax return, having taken significant pains to account for everything. I'm still living in fear of an audit because there's no way HMRC understand this stuff and a bunch of exchanges from 2014-15 are defunct, so proving I've acted honestly would be well-nigh impossible.
Posts like yours encourage me, because I know HMRC has limited resources. So it's a bit like the old joke:
Two guys are in the jungle when they see a lion running towards them. Frantically, one of the men starts putting on his running shoes.
Surprised, the other man says " What are you thinking, you can't outrun a lion!!!"
" I don't have to outrun the lion," said the man, " I just have to outrun you."
julian071
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November 02, 2018, 04:14:11 PM

Is there really a country in this world where you can just cash out and nobody will even think of telling you to pay tax on your newfound wealth?

Here in NL you only pay tax on the amount you own, irrespective if it's in BTC or cash. You get taxed 1.2% over the value of all your belongings on the first of january of that year, so that's everything in cash, crypto, bank accounts minus all your debt* and minus 25k euro untaxed amount. Cashing out and trading are not taxable events.

So this year I will have to pay taxes on what my stash was worth the first of january =(. Luckily the percentage is very low.

*excluding mortgage
Cassius
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November 02, 2018, 04:15:55 PM

Is there really a country in this world where you can just cash out and nobody will even think of telling you to pay tax on your newfound wealth?

Here in NL you only pay tax on the amount you own, irrespective if it's in BTC or cash. You get taxed 1.2% over the value of all your belongings on the first of january of that year, so that's everything in cash, crypto, bank accounts minus all your debt and minus 25k euro untaxed amount. Cashing out and trading are not taxable events.

So this year I will have to pay taxes on what my stash was worth the first of january =(. Luckily the percentage is very low.

That's a weird system. Kind of like inflation or a negative interest rate on all of your net worth.
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