NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs

[visaco]

SORRY ...DASH MONERO YOUR TIME IS OVER  
Only XEM Rocks



https://www.theregister.co.uk/2016/02/03/ec_virtual_currency_regulation_suggestion/
http://www.newsbtc.com/2016/10/28/italian-mps-aim-ban-zcash-anonymous-cryptocurrencies/
https://bravenewcoin.com/news/eu-parliament-states-virtual-currencies-cannot-be-anonymous/

ofcourse this wont kill dash/monero/zcash completely but will send them straight to the  dark underground
bad investment if you want to make a profit
i have zero position on so called "privacy coin"  too much Risky

[SweetHodler]

Lets go NEM! Surpassed ETC and XMR by marketcap  next stop, top 5.

[bamboylee]

looking now inside polo it seems that NEM is really going up and doesn't wants to be interrupted, maybe a good day still for those who
is late comer, there's still a big chance to earn and gain a good profits better to buy more and hold for a while.

It is not too late, it has only just began. At today's price, it is still great opportunity to buy xem and hold them. With xem, do not settle with small profits. Think big because NEM have big plans.

[vinci]

been watching XEM and its steady rise but right now it looks like its a pump. be alert for a big dump soon

[suky321]

been watching XEM and its steady rise but right now it looks like its a pump. be alert for a big dump soon

That's part and parcel of currencies.  Peaks and troughs.  Looking at the long term picture however, the outlook is positive and the growth is organic.

[NorrisK]

...
Would you really mind paying 10k USD if you made a million profit? I know I wouldn't if it means I made a million in profit.

lol @ 10k...
if you made a million profit in short term it means 25% tax. I guess you would mind that ;-)

Depends on the country and the tax regulations there.

If you are not an extremely active trader (read: it is actually your job), you are only subject to capital gains tax in The Netherlands, which is between 0,8 and 1,8% next year.

[gentlemand]

Depends on the country and the tax regulations there.

If you are not an extremely active trader (read: it is actually your job), you are only subject to capital gains tax in The Netherlands, which is between 0,8 and 1,8% next year.

You lucky personage. It's 18-28% in the UK and probably going higher. I will soon be imprisoned here as well so won't be able to spend that tax avoiding year making Lederhosen in Bavaria that I was planning on.

[NorrisK]

Depends on the country and the tax regulations there.

If you are not an extremely active trader (read: it is actually your job), you are only subject to capital gains tax in The Netherlands, which is between 0,8 and 1,8% next year.

You lucky personage. It's 18-28% in the UK and probably going higher. I will soon be imprisoned here as well so won't be able to spend that tax avoiding year making Lederhosen in Bavaria that I was planning on.

Ouch...

The Dutch tax office uses an "expected return" on your investments. This expected return is now 4% annually (Will change slightly in the future to a sliding scale depending on how much you have). This 4%, which they say is the profit you made over your investments, is then taxed for 30%.

The only thing that matters is the value on January 1, it doesn't matter how much it was worth on December 31 of that year, they assume you made 4%. It doesn't matter if you gained or lost money, it simply is 4%.

[sammart57]

been watching XEM and its steady rise but right now it looks like its a pump. be alert for a big dump soon

it's already happening, hit 408 million market cap there for a bit, now back down under etc. Volume almost doubled when the price started dropping.

[gentlemand]

Ouch...

The Dutch tax office uses an "expected return" on your investments. This expected return is now 4% annually (Will change slightly in the future to a sliding scale depending on how much you have). This 4%, which they say is the profit you made over your investments, is then taxed for 30%.

The only thing that matters is the value on January 1, it doesn't matter how much it was worth on December 31 of that year, they assume you made 4%. It doesn't matter if you gained or lost money, it simply is 4%.

So what happens if your return is far over the 4% mark? Do you have to declare all of your holdings beforehand and you're taxed on them even if you don't cash them out?

Personally I'm fine with capital gains. It's far better to tax idle profit than everyone's day to day necessities.

[gaazje]

Ouch...

The Dutch tax office uses an "expected return" on your investments. This expected return is now 4% annually (Will change slightly in the future to a sliding scale depending on how much you have). This 4%, which they say is the profit you made over your investments, is then taxed for 30%.

The only thing that matters is the value on January 1, it doesn't matter how much it was worth on December 31 of that year, they assume you made 4%. It doesn't matter if you gained or lost money, it simply is 4%.

So what happens if your return is far over the 4% mark? Do you have to declare all of your holdings beforehand and you're taxed on them even if you don't cash them out?

Personally I'm fine with capital gains. It's far better to tax idle profit than everyone's day to day necessities.

It really means you pay 30% over the 4% gains, effectifly 1.2% over your capital. ie €1200 for €100K total capital per year.

[gentlemand]

It really means you pay 30% over the 4% gains, effectifly 1.2% over your capital. ie €1200 for €100K total capital per year.

Hmm. Well if there are any Dutch people here interested in a gay marriage of convenience hit me up. I'll split the tax savings.

[The Crypto Baron]

It really means you pay 30% over the 4% gains, effectifly 1.2% over your capital. ie €1200 for €100K total capital per year.

Hmm. Well if there are any Dutch people here interested in a gay marriage of convenience hit me up. I'll split the tax savings.

LMFAO 

[k@suy]

Since I sold my XEM last month, it already grows 3x more. I have weak hands and enjoys only on small profits,pity on me.  LOL This is a good lessons I learned that to have more patience.

[NorrisK]

It really means you pay 30% over the 4% gains, effectifly 1.2% over your capital. ie €1200 for €100K total capital per year.

Hmm. Well if there are any Dutch people here interested in a gay marriage of convenience hit me up. I'll split the tax savings.

Gaazje is correct.

You are effectively taxed 1,2% over your total holdings above 25k euro (below that is tax free). This includes any money on your checkings or savings account, stock value and other investments such as bitcoin.

If your return is better than this 4% you are lucky, if it is worse or you even lost money, you are out of luck and still pay tax over that 4%.

[wosch76]

been watching XEM and its steady rise but right now it looks like its a pump. be alert for a big dump soon

it's already happening, hit 408 million market cap there for a bit, now back down under etc. Volume almost doubled when the price started dropping.

I think it will go down to around 2900-3000 and take a rest there before it grows further.

[The Crypto Baron]

Anyone have a brief summary of upcoming NEM developments/breakthroughs (ie: catapult, mijin, etc) and news and what they mean for NEM moving forward?

Trying to do one of my youtube shows on NEM and want to make sure I accurately convey what's coming for NEM.  Thanks.

[jacobthecoiner]

I really regret I didnot pay enough attention to NEM before, hope it's not too late to get in

[pfrtlpfmpf]

I really regret I didnot pay enough attention to NEM before, hope it's not too late to get in

No, it´s not too late, just wait for a dip in price, i think there will be a small, healthy correction (I hope). But most importantly, once you´re in, keep your hands inside the vehicle at all times  

I´m getting dizzy at this speed, but thats ok, i know theres real fundamentals behind it. It´s just the beginning.

I think it was the name, holding back NEM. I mean: Bitcoin, Ethereum, those are Names really sounding and saying immediately something cool, but NEM for a Newb sounds like "NewWhattheFuck ?"
I think people are buying also just by name.
But in the End, NEM is a great Name, its "technical" and the tech in it will convince the tech crowd, like it is doing right now.
No doubts here.

[fragout]

I really regret I didnot pay enough attention to NEM before, hope it's not too late to get in

No, it´s not too late, just wait for a dip in price, i think there will be a small, healthy correction (I hope). But most importantly, once you´re in, keep your hands inside the vehicle at all times 

I´m getting dizzy at this speed, but thats ok, i know theres real fundamentals behind it. It´s just the beginning.

I also think it was the name, holding back NEM. I mean: Bitcoin, Ethereum, those are Names really sounding cool, but NEM for a Newb sounds like "Newwhatthefuck ?"
I think people are buying also just by name.
But in the End, NEM is a great Name, its "technical" and the tech in it will convince the tech crowd, like it is doing right now.
No doubts here.

There was a lot of new money entering NEM today (6000+ vol on polo). A lot of these guys will jump onto the next coin as soon as it pumps but some will stay which will result in higher lows.
On a side note. i sold 2 million NEM last year to buy Gemz. Today 2 million NEM is worth 67BTC. Gemz worth Zero, but i guess most here have a similar story.