Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Torque]

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.

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[kingcolex]

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

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

It’s in Korea

Definitely was going to guess Seoul, ya beat me to it.

[bitcoinPsycho]

[crypmike]

Ok guys... time to continue the game  
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

Oh.. really? I missed something  The whole country is BTC related! But haven't seen here crypto-related advertisement of smth like this 

[LFC_Bitcoin]

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 ) I assumed it was 45% tax here as it’d be a lot to sell GBP wise.
This makes me very happy, thanks.

[goldkingcoiner]

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]

hmm locating......

[bitserve]

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

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

I see a "WALL OBSERVER" sign in the middle of the picture, it can't be any more BTC related than that

[bitserve]

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.

[kingcolex]

Ok guys... time to continue the game  
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

Oh.. really? I missed something  The whole country is BTC related! But haven't seen here crypto-related advertisement of smth like this 

Is that right most flag a company logo of an exchange?

[jonoiv]

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.

[Elwar]

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

Myeong Dong

https://goo.gl/9FQyQn


Knew it looked familiar. Been there.

[Last of the V8s]

Someone please break it to me gently where is the Aston? Can normally spot these a mile off...

[Yaplatu]

Got to " Full Global Money ", just HOLD

[Cassius]

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 ) 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]

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]

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.

[julian071]

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.

It does work like that, but it's not unreasonable imho to tax accumulated riches.

But if you look at it differently, you get a 1.2% discount if you buy a Ducati from your stash.

[Cassius]

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.

It does work like that, but it's not unreasonable imho to tax accumulated riches.

But if you look at it differently, you get a 1.2% discount if you buy a Ducati from your stash.

That's a fair point. Possibly has much the same purpose as sub-zero interest rates, i.e. discourage holding unproductive wealth.

[crypmike]

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

Myeong Dong

https://goo.gl/9FQyQn


Knew it looked familiar. Been there.

Right)