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

[Gachapin]

https://cointelegraph.com/news/slovakian-parliament-approvs-lower-crypto-taxes


"The taxes will be lowered to 7%, which is a significant decrease from the current taxation sliding scale of either 19% or 25%. Payments received in cryptocurrencies up to 2400 euros - roughly, $2,622.20 - will not be taxed"

After 1 year holding.

Currently it's still Portugal the best option in EU regarding crypto taxation.

so no holding period required in Portugal?  (Germany 0% tax, but verifiable holding required)

[1714502049]

1714502049

[1714502049]

1714502049

[1714502049]

1714502049

[gallianooo]

Yes since 2023, it's now taxed in Portugal if you hold for less than 1 year (until 2022 was tax free, even less than 1 year).

Exactly, it's similar as Germany. However Portugal has one more huge advantage : NHR (non habitual resident) tax-scheme.  You get this statut for 10years you are tax free on your foreign income (dividends, interests, royalties). Kind of temporary "territorial tax scheme".

Until 2022 private foreign pensions (for retired people) was tax free too under this scheme. Now it's taxed 10% due to other EU countries pressure (for the new applicants).

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[FinePoine0]

Yes since 2023, it's now taxed in Portugal if you hold for less than 1 year (until 2022 was tax free, even less than 1 year).

Exactly, it's similar as Germany. However Portugal has one more huge advantage : NHR (non habitual resident) tax-scheme.  You get this statut for 10years you are tax free on your foreign income (dividends, interests, royalties). Kind of temporary "territorial tax scheme".

Until 2022 private foreign pensions (for retired people) was tax free too under this scheme. Now it's taxed 10% due to other EU countries pressure (for the new applicants).

NHR-Portugal has provided extensive benefits to residents.  As of 2009, the "habitual residency" of Portugal residents is a administrative and financial system designed to attract foreigners.  Tax efficient pension income for 10 consecutive years benefiting new hopefuls in Portugal.

Two categories can benefit from the NHR-regime:

# Retirees who receive pension from abroad.

# Individuals and investor who can Structure Their affiair to Sync with the Regime..

Details: https://www.libertyrealestate.pt/detail/nhrnonhabitualresidenceresidenceinportugalresidencyinportugal/12264?gclid=Cj0KCQjw1_SkBhDwARIsANbGpFvZr0Q2bAALvlG2wgb6ja8mcNdZDQgp9ozQlfuf7-UHBH3n03gmL7gaAvOnEALw_wcB

Mainly depending on these two categories (NHR) the organization works and it can work with great benefits and tax free.

[Biodom]

Yes since 2023, it's now taxed in Portugal if you hold for less than 1 year (until 2022 was tax free, even less than 1 year).

Exactly, it's similar as Germany. However Portugal has one more huge advantage : NHR (non habitual resident) tax-scheme.  You get this statut for 10years you are tax free on your foreign income (dividends, interests, royalties). Kind of temporary "territorial tax scheme".

Until 2022 private foreign pensions (for retired people) was tax free too under this scheme. Now it's taxed 10% due to other EU countries pressure (for the new applicants).

NHR-Portugal has provided extensive benefits to residents.  As of 2009, the "habitual residency" of Portugal residents is a administrative and financial system designed to attract foreigners.  Tax efficient pension income for 10 consecutive years benefiting new hopefuls in Portugal.

Two categories can benefit from the NHR-regime:

# Retirees who receive pension from abroad.

# Individuals and investor who can Structure Their affiair to Sync with the Regime..

Details: https://www.libertyrealestate.pt/detail/nhrnonhabitualresidenceresidenceinportugalresidencyinportugal/12264?gclid=Cj0KCQjw1_SkBhDwARIsANbGpFvZr0Q2bAALvlG2wgb6ja8mcNdZDQgp9ozQlfuf7-UHBH3n03gmL7gaAvOnEALw_wcB

Mainly depending on these two categories (NHR) the organization works and it can work with great benefits and tax free.

Portugal is interesting, apart from that 10% tax for pensions (and I assume, social security payments for US citizens).
Not too hot of a situation, considering that i would still have to pay 12-whatever % to Uncle Sam.
Basically, a double taxation, unless i fundamentally misunderstood the conditions.

The only advantage i can see is no tax on crypto locally if held more than a year, albeit US tax would still apply.
The only benefit is easy travel within Europe as everything is closer, in comparison with transatlantic flights.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Learn Bitcoin]

A lot of you guyz on this WO were saying we'd be at $50k or even $100k by now. So much so, you were nearly peeing yur lil' selfies.

So. Deal. With. It. 

I thought you were proudhon 

[gallianooo]

Yes since 2023, it's now taxed in Portugal if you hold for less than 1 year (until 2022 was tax free, even less than 1 year).

Exactly, it's similar as Germany. However Portugal has one more huge advantage : NHR (non habitual resident) tax-scheme.  You get this statut for 10years you are tax free on your foreign income (dividends, interests, royalties). Kind of temporary "territorial tax scheme".

Until 2022 private foreign pensions (for retired people) was tax free too under this scheme. Now it's taxed 10% due to other EU countries pressure (for the new applicants).

NHR-Portugal has provided extensive benefits to residents.  As of 2009, the "habitual residency" of Portugal residents is a administrative and financial system designed to attract foreigners.  Tax efficient pension income for 10 consecutive years benefiting new hopefuls in Portugal.

Two categories can benefit from the NHR-regime:

# Retirees who receive pension from abroad.

# Individuals and investor who can Structure Their affiair to Sync with the Regime..

Details: https://www.libertyrealestate.pt/detail/nhrnonhabitualresidenceresidenceinportugalresidencyinportugal/12264?gclid=Cj0KCQjw1_SkBhDwARIsANbGpFvZr0Q2bAALvlG2wgb6ja8mcNdZDQgp9ozQlfuf7-UHBH3n03gmL7gaAvOnEALw_wcB

Mainly depending on these two categories (NHR) the organization works and it can work with great benefits and tax free.

Portugal is interesting, apart from that 10% tax for pensions (and I assume, social security payments for US citizens).
Not too hot of a situation, considering that i would still have to pay 12-whatever % to Uncle Sam.
Basically, a double taxation, unless i fundamentally misunderstood the conditions.

The only advantage i can see is no tax on crypto locally if held more than a year, albeit US tax would still apply.
The only benefit is easy travel within Europe as everything is closer, in comparison with transatlantic flights.

Yes i don't know all the specificities as US citizen (as in US you are even taxed based on your citizenship), so maybe not advantageous as for EU citizen or some other countries.

I am personally under this tax scheme. Just a quick story. I met a US guy in Lisbon month ago (from SF). He is based now in Portugal trough investment (golden visa = 500K minimum to invest in real estate), and you can get the Portuguese passport in 5 years after your investment. Now it's not possible anymore to invest in Lisbon for the golden visa, you have to choose another place/city in Portugal to apply. Can be interesting as a global citizen strategy with 2/3 passports and the possibility (at a certain point / depend the own situation) to cancel the US citizenship.



(my 2cts, for this topic).

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

Yes since 2023, it's now taxed in Portugal if you hold for less than 1 year (until 2022 was tax free, even less than 1 year).

Exactly, it's similar as Germany. However Portugal has one more huge advantage : NHR (non habitual resident) tax-scheme.  You get this statut for 10years you are tax free on your foreign income (dividends, interests, royalties). Kind of temporary "territorial tax scheme".

Until 2022 private foreign pensions (for retired people) was tax free too under this scheme. Now it's taxed 10% due to other EU countries pressure (for the new applicants).

NHR-Portugal has provided extensive benefits to residents.  As of 2009, the "habitual residency" of Portugal residents is a administrative and financial system designed to attract foreigners.  Tax efficient pension income for 10 consecutive years benefiting new hopefuls in Portugal.

Two categories can benefit from the NHR-regime:

# Retirees who receive pension from abroad.

# Individuals and investor who can Structure Their affiair to Sync with the Regime..

Details: https://www.libertyrealestate.pt/detail/nhrnonhabitualresidenceresidenceinportugalresidencyinportugal/12264?gclid=Cj0KCQjw1_SkBhDwARIsANbGpFvZr0Q2bAALvlG2wgb6ja8mcNdZDQgp9ozQlfuf7-UHBH3n03gmL7gaAvOnEALw_wcB

Mainly depending on these two categories (NHR) the organization works and it can work with great benefits and tax free.

Portugal is interesting, apart from that 10% tax for pensions (and I assume, social security payments for US citizens).
Not too hot of a situation, considering that i would still have to pay 12-whatever % to Uncle Sam.
Basically, a double taxation, unless i fundamentally misunderstood the conditions.

The only advantage i can see is no tax on crypto locally if held more than a year, albeit US tax would still apply.
The only benefit is easy travel within Europe as everything is closer, in comparison with transatlantic flights.

Yes i don't know all the specificities as US citizen (as in US you are even taxed based on your citizenship), so maybe not advantageous as for EU citizen or some other countries.

I am personally under this tax scheme. Just a quick story. I met a US guy in Lisbon month ago (from SF). He is based now in Portugal trough investment (golden visa = 500K minimum to invest in real estate), and you can get the Portuguese passport in 5 years after your investment. Now it's not possible anymore to invest in Lisbon for the golden visa, you have to choose another place/city in Portugal to apply. Can be interesting as a global citizen strategy with 2/3 passports and the possibility (at a certain point / depend the own situation) to cancel the US citizenship.



(my 2cts, for this topic).

Thanks. I might like to have some other friendly countries passports, but don't want to pay for them, lol.

I looked into Portugal situation (as well as Puerto Rico close to US) and could not figure out what is the real advantage there, apart from, in Portugal case, getting a EU citizenship in 5 years, if someone needs it. US being a country that taxes citizens worldwide does not help as far as collecting other countries passports and also considering that the current cap gains regime is not that bad.

I think that if the world would be in a deep recession, many countries might restart these programs, though.
I might want a residence somewhere more cold than here (Texas), at least for about half of the year (during summer, which is May-October here if you consider temperatures only).
Canada is very attractive in this regard and you can stay up to 180 days on a visitors visa, apparently.

[projectdevelopment]

Hello everyone,, Btc next movement 35k$. The current price of Bitcoin is 31k$ plus. That means the market is fairly normal now. 🔥🔥🚀

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Bitcoin_people]

I’m not sure many understand
+
BlackRock
Fidelity
Ark
Invesco
Etc. All have to buy physical bitcoinBTC to back up their ETF.
This will need to be done soon to have their fund qualify
Can you all not see the urgency or am I completely demented… WHERE IS THE URGENCY???

https://twitter.com/DWOLFBTC/status/1674255252449812480?t=hol80RbqVU-f3cmufsXakg&s=19

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[xhomerx10]

31k and all is well!

 ...and in other news



 Okay, I need to go to bed.  Take it away ChartBuddy!

[Biodom]

I’m not sure many understand
+
BlackRock
Fidelity
Ark
Invesco
Etc. All have to buy physical bitcoinBTC to back up their ETF.
This will need to be done soon to have their fund qualify
Can you all not see the urgency or am I completely demented… WHERE IS THE URGENCY???

https://twitter.com/DWOLFBTC/status/1674255252449812480?t=hol80RbqVU-f3cmufsXakg&s=19

There is no urgency on their behalf as they will buy bitcoin as investors would buy shares in ETF.
Of course, they probably need to buy relatively small initial position to kick-start the fund.
Analogy with GLD (gold ETF): the price of gold slowly rose from $250 (from the lows in 2000) to $400 by 2004.
GLD started in around mid November 2004 and then was more or less flat until late Aug 2005 (about 9-9.5 mo) and then went essentially in exponential fashion (with correction in 2008) until Aug 2011 (4X appreciation or 22% per year average for 7 years). Bitcoin's bull numbers are typically much higher, but last shorter time period, but i would not be surprised by a 5-10X rise just on ETF alone (maybe taking half of the time or about 3-4 years). After that, similarly to GLD, an equally long consolidation process (3-4 years), maybe down to 100-150K. Somewhere during those 3-4 years of bull following with 3-4 years of 'secular" bear, halvings would start to have less effect

TL;DR next long term peak is maybe in 3-4 years at $150-300K value from ETF alone plus 140-180K value from the halving "squezze"=290-450K in what could be probably called a "supercycle", then a long term bear down to 100-150K, then a reversal to ATH in some time (could be 6 years from the prior ATH at ~300-500K).

[AlcoHoDL]

Wow, what a GREEN candle, the size of which almost matches Bob's instrument of pleasure (or pain...)

What's the occasion? Did someone die?

[BobLawblaw]

[Biodom]

Wow, what a GREEN candle, the size of which almost matches Bob's instrument of pleasure (or pain...)

What's the occasion? Did someone die?

au contraire, something 'dead' apparently came to life.
..."stupid" financiers throwing "good money" at something-something that is 3X in 8-9 days....ridiculous, but irrelevant. This one will pass.
Bitcoin had to follow with a "green dildo" of it's own or risk diverting trader's attention.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com