Arriemoller
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Cлaвa Укpaїнi!
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February 13, 2021, 07:24:45 PM |
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Really? didn't we discuss a Swedish ETF here several years ago? Or am I misremembering. You are quite correct (there is bitcoin tracker one XBT provider, trading in SEK) but I think that there is a fine line between ETN (such as XBT provider) and ETP/ETF. Correct me if I am wrong, but i remember someone saying that Sweden has incredibly low capital gains tax rate in some special investment accounts (like low single digits) and that was the whole idea behind this type of funds (such as XBT provider, because you can keep those in the 'special' accounts). Right? I am not sure how, and don't want to spend too much time investigating. XBT provider is referred to as a "uncollaterized debt instrument". I managed to buy CXBTF in Fidelity, but some days there is no US market for it due to SEC complains about it. I guess, i would have to use foreign exchange desk and pay $50 fee when i would like to sell it. I bought it when btc was 4K or so, so that little tracker had done quite well in Roth, lol. Ah, yes, that must be the "investeringssparkonto", meaning "investment savings account" Yes the tax is really low, but it is a tax you always pay, even when your assets go down. Here's an example from the tax authority, i highlighted the important parts. Example Peter opens an investment savings account during the first quarter of 2020. He pays in SEK 40,000 during the first quarter and then an additional SEK 20,000 during the third quarter. During the year, the value of Peter's assets in the investment savings account increases (in addition to deposits made). Calculation of capital base for investment savings account Value and deposits Amount Value at the beginning of the first quarter (January 1) 0 kronor Value at the beginning of the second quarter (April 1) + SEK 41,000 Value at the beginning of the third quarter (July 1) + SEK 43,000 Value at the beginning of the fourth quarter (October 1) + SEK 65,000 Deposits during the year + SEK 60,000 Sum of value and deposits = SEK 209,000 To obtain the capital base, the sum of value and deposits must be divided by four: SEK 209,000 ÷ 4 = SEK 52,250. The standard income that is pre-filled in Peter's declaration The standard income is calculated by multiplying the capital base by 1.25 percent. The standard income that will be pre-filled in Peter's tax return in 2021 will be SEK 653 (SEK 52,250 x 1.25 percent). The standard income is taxed at 30 percent Since the standard income is taxed at 30 percent in the income category capital, Peter will have to pay SEK 195 in tax on his investment savings account (30 percent of SEK 653). This is 0.375 percent of the capital base (0.375 percent of SEK 52,250).
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BobLawblaw
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Activity: 1862
Merit: 5677
Neighborhood Shenanigans Dispenser
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February 13, 2021, 07:26:05 PM |
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SO FUCKING BORED. Can we please hit $50k already? I don't feel I'm asking for very much.
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JayJuanGee
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Activity: 3864
Merit: 10940
Self-Custody is a right. Say no to"Non-custodial"
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February 13, 2021, 07:30:48 PM |
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Nice car: Appropriate car to show up at a 100k party. If guys were talking about black and pink helicopters for the $100k party, then surely they should be able to currently afford, with ease, the black and pink audi with BTC prices around $47k .... no? SO FUCKING BORED. Can we please hit $50k already? I don't feel I'm asking for very much. Get a grip... Blllllaaaaaawwwwwwbbbbbb.. There is hardly no difference between $47k and $50k, except as I already posted, I am suspecting that BTC prices might end up shooting into the $58k to $62.5k price arena, once we break above $50k... just a random, tentative feeling.
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Richy_T
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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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February 13, 2021, 07:32:01 PM |
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i will never get it why people would invest in shitcoins.
Rubes, predators and rubes who think they're predators. I sold some Bitcoin to a friend a while back. I've explained to him many times why Bitcoin is such a good purchase. He immediately exchanged it for Neos on the basis of another friend who "made a bunch" trading alts. Didn't take him long to regret that one. He now holds some Bitcoin again. Not sure how long he'll be able to keep himself from doing something with it.
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Hueristic
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Doomed to see the future and unable to prevent it
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February 13, 2021, 07:42:52 PM |
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Actually he used the Moniker "Altoid" I believe.
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savetherainforest
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February 13, 2021, 07:43:57 PM |
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Any conspiracy theorists here?
Why would both India (expected) and Nigeria (unexpected) suddenly lurched toward banning or limiting all cryptocurrencies? These two countries have quite a few people, lol.
My conspiratorial explanation is that as WS is getting into bitcoin, it does not want competition for the precious corn. Nigerians were quite into bitcoin, I hear.
Say, a few massive wealth managers quietly talk to IMF or whatever other Central central bank there is, the IMF 'people' whisper something into India and Nigeria regulator's ears and voila-new policies are being enacted and competition to buy corn is lessened. US based hedgies/wealthies probably figured... less for them, more for us.
This all is just a product of my wild imagination, of course.
NO! Its actually for publicity. When you forbid something, everyone will rise an eyebrow and actually question decisions and news media will start debating and all the sudden you get a big fuss about "what a terrible and bad decision the government made!". And then maybe there will be protests or people trying to get it "illegally" or they will get a slap on the wrist if they get caught.(worse case to confiscate their "stuff"), [...] anyway but long story short, all the sudden after 2-3 months of media outrage of a few politicians fighting all day on tv about if they should legalize "electronic corn weed" or not will have enough traction for all the sudden in 2-3 months they just get a law in their parliament, and then you see ATM's and government coin issued crypto that is approved and pegged to the "Big Corn" BTCiTcoin that everyone will blindly rush into. Or some nonsense like that, is mostly for wide spread adoption and making people talk and approve of the newly "forbidden" fruit, that way they will eat it all up as a great advertised thing after months and months of outlawing and opposition.
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Richy_T
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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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February 13, 2021, 07:51:58 PM |
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It's not about Bitcoin. It's all about "blockchain technology" and "crypto".
Got a problem? Flip a coin. Heads the solution is marijuana, tails the solution is blockchain.
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El duderino_
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BTC + Crossfit, living life.
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February 13, 2021, 07:52:30 PM |
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Paashaas
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In Barron's newspaper.
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Richy_T
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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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February 13, 2021, 07:59:09 PM |
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These gaming studios are bringing Bitcoin payouts to everyday Esport gamers.Instead of having to go to a professional esports tournament, you can play online to earn money. That’s the whole point of it. This isn’t my phrase, but it’s the ‘democratization of monetization.’ Once money is software, any stakeholder in the gaming industry can create mini-businesses in the game It’s too early to say bitcoin has changed the gaming industry. But Dickerson said the real transformation comes when bitcoin sees further adoption into mainstream titles like CS:GO. There are millions of esports players waiting to onboard onto bitcoin, and gaming is the way to get them a seat on the ride, Dickerson said. Are they even considering the know-your-customer bullshit? Or perhaps they see that as a bonus. "Sorry, we really don't want to but please enter all your private data into this form and upload three forms of ID and a high resolution colon scan".
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Torque
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February 13, 2021, 08:02:39 PM |
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Any conspiracy theorists here?
Why would both India (expected) and Nigeria (unexpected) suddenly lurched toward banning or limiting all cryptocurrencies? These two countries have quite a few people, lol.
My conspiratorial explanation is that as WS is getting into bitcoin, it does not want competition for the precious corn. Nigerians were quite into bitcoin, I hear.
Say, a few massive wealth managers quietly talk to IMF or whatever other Central central bank there is, the IMF 'people' whisper something into India and Nigeria regulator's ears and voila-new policies are being enacted and competition to buy corn is lessened. US based hedgies/wealthies probably figured... less for them, more for us.
This all is just a product of my wild imagination, of course.
The only thing I can think of, is that the Govt/CB of those respective countries know that their people can go crazy viral with financial PnDs, especially with such corruption amongst their wealthy elite that may want to FOMO drive such frenzies. So this may be an effort to curb that public enthusiasm for a while. (And allow the wealthy elite there time to take up Bitcoin positions, of course). I doubt it would last though. It's not unlike what the Chinese govt/ PBC did to curb/nerf public enthusiasm for Bitcoin back in the 2013-2015 time frame (aka "China bans Bitcoin!").
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Biodom
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February 13, 2021, 08:11:56 PM |
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Really? didn't we discuss a Swedish ETF here several years ago? Or am I misremembering. You are quite correct (there is bitcoin tracker one XBT provider, trading in SEK) but I think that there is a fine line between ETN (such as XBT provider) and ETP/ETF. Correct me if I am wrong, but i remember someone saying that Sweden has incredibly low capital gains tax rate in some special investment accounts (like low single digits) and that was the whole idea behind this type of funds (such as XBT provider, because you can keep those in the 'special' accounts). Right? I am not sure how, and don't want to spend too much time investigating. XBT provider is referred to as a "uncollaterized debt instrument". I managed to buy CXBTF in Fidelity, but some days there is no US market for it due to SEC complains about it. I guess, i would have to use foreign exchange desk and pay $50 fee when i would like to sell it. I bought it when btc was 4K or so, so that little tracker had done quite well in Roth, lol. Ah, yes, that must be the "investeringssparkonto", meaning "investment savings account" Yes the tax is really low, but it is a tax you always pay, even when your assets go down. Here's an example from the tax authority, i highlighted the important parts. Example Peter opens an investment savings account during the first quarter of 2020. He pays in SEK 40,000 during the first quarter and then an additional SEK 20,000 during the third quarter. During the year, the value of Peter's assets in the investment savings account increases (in addition to deposits made). Calculation of capital base for investment savings account Value and deposits Amount Value at the beginning of the first quarter (January 1) 0 kronor Value at the beginning of the second quarter (April 1) + SEK 41,000 Value at the beginning of the third quarter (July 1) + SEK 43,000 Value at the beginning of the fourth quarter (October 1) + SEK 65,000 Deposits during the year + SEK 60,000 Sum of value and deposits = SEK 209,000 To obtain the capital base, the sum of value and deposits must be divided by four: SEK 209,000 ÷ 4 = SEK 52,250. The standard income that is pre-filled in Peter's declaration The standard income is calculated by multiplying the capital base by 1.25 percent. The standard income that will be pre-filled in Peter's tax return in 2021 will be SEK 653 (SEK 52,250 x 1.25 percent). The standard income is taxed at 30 percent Since the standard income is taxed at 30 percent in the income category capital, Peter will have to pay SEK 195 in tax on his investment savings account (30 percent of SEK 653). This is 0.375 percent of the capital base (0.375 percent of SEK 52,250). Very informative, thanks, albeit a complicated formula. I wish we had that...pay 0.375% yearly instead of 23.8% on long term cap gains and up to 35% on short term. It looks like in Sweden they tax regular income much more than cap gains.
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virasog
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Leading Crypto Sports Betting & Casino Platform
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February 13, 2021, 08:53:57 PM |
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-altcoin trash-
-more altcoin trash-
Everyone knows that most altcoins are trash but they are a way to accumulate more bitcoins. You can increase your bitcoins to x times by sensibly trading with the alts. 2017-18: blockchain not Bitcoin 2020-21: crypto not Bitcoin 2023-24: digital currency not Bitcoin
Without bitcoin there is no crypto, no digital currency and no use case of blockchain technology.
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El duderino_
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BTC + Crossfit, living life.
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February 13, 2021, 09:28:12 PM Merited by fillippone (2) |
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JayJuanGee
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Online
Activity: 3864
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Self-Custody is a right. Say no to"Non-custodial"
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February 13, 2021, 09:31:34 PM |
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-altcoin trash-
-more altcoin trash-
Everyone knows that most altcoins are trash but they are a way to accumulate more bitcoins. You can increase your bitcoins to x times by sensibly trading with the alts. So fucking what? We have already learned in this thread that giving any kind of inch to saying something somewhat nice about any shitcoin devolves into nonsense shitcoin pumpening - which needs to go to some other thread. We have enough to talk about here in regards to the various ways of the world, what kind of lambo (or tesla) to buy, world politics, who had the slowest modem, and other dumbshit like that besides talking about king daddy. 2017-18: blockchain not Bitcoin 2020-21: crypto not Bitcoin 2023-24: digital currency not Bitcoin
Without bitcoin there is no crypto, no digital currency and no use case of blockchain technology. At least you recognize that point. You are not a totally lost cause. Great. We (of course the Royal we) have something to work with.
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macson
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Catalog Websites
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February 13, 2021, 09:31:49 PM |
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In Barron's newspaper. I like the rocket image, remembering the picture I made when I was 9 years old....sad at that time I didn't know Bitcoin 🔥🚀 Everyone knows that most altcoins are trash but they are a way to accumulate more bitcoins. You can increase your bitcoins to x times by sensibly trading with the alts. use shitcoins to get more Bitcoin!!! hmmmm, I wish you luck.
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El duderino_
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BTC + Crossfit, living life.
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February 13, 2021, 09:32:45 PM |
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d_eddie
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February 13, 2021, 09:33:25 PM |
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Without bitcoin there is no crypto, no digital currency and no use case of blockchain technology.
To be fair, I think a few use cases for blockchain technology exist - like cryptographically reliable timestamping of certain transactions. The shipment industry could be an example, or the stock market and the clearinghouses behind the curtains, where strict timing and prioritization of trades could be made transparent. The only important property is that you can't touch a past block without invalidating later ones. However, such an unwieldy, inefficient, slow thing as a non-permissioned, fully distributed blockchain, with PoW, ...well, then of course there would be no need. Except for bitcoin
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El duderino_
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Activity: 2660
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BTC + Crossfit, living life.
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February 13, 2021, 09:39:33 PM |
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-altcoin trash-
-more altcoin trash-
Everyone knows that most altcoins are trash but they are a way to accumulate more bitcoins. You can increase your bitcoins to x times by sensibly trading with the alts. 2017-18: blockchain not Bitcoin 2020-21: crypto not Bitcoin 2023-24: digital currency not Bitcoin
Without bitcoin there is no crypto, no digital currency and no use case of blockchain technology. Alt coins are mainly here to take away your bitcoins be smart....
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cAPSLOCK
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Maybe the Mars is the future!
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February 13, 2021, 09:43:36 PM |
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Without bitcoin there is no crypto, no digital currency and no use case of blockchain technology.
To be fair, I think a few use cases for blockchain technology exist - like cryptographically reliable timestamping of certain transactions. The shipment industry could be an example, or the stock market and the clearinghouses behind the curtains, where strict timing and prioritization of trades could be made transparent. The only important property is that you can't touch a past block without invalidating later ones. However, such an unwieldy, inefficient, slow thing as a non-permissioned, fully distributed blockchain, with PoW, ...well, then of course there would be no need. Except for bitcoin These use cases would also usually be acceptably served by a semi-trusted or federated model. Another one is healthcare data. All of major hospital systems, and possibly EMR makers like Epic could run nodes and keep a copy of the distributed database. There are not many use cases for a minimized trust distributed data model outside of the one...
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