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  1. #526
    Dent keeps pumping. Make it stop.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  2. #527
    I got back into safesun in clear profit. I've basically made 2 LINK coins.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  3. #528
    day just gets better most of the ADA Capture.JPG

    everything else pumping hard as well
  4. #529
    @Ong ......in terms of the tax calculations check out https://koinly.io/?via=6981CFB1

    you can import all your transactions either from the exchanges or off the blockchain and it will work out your tax for you.link gives 20$ off which would probably make it $30 for last years tax and even prionts off the report for you

    it works worldwide as well tailoring the report to each countrys tax laws.

    at worst if you don't want to pay for the tax reports , its a free portfolio tracker
  5. #530
    I'm nowhere near taxable income. I'm not paying $30 to be told I don't need to pay tax. Cheers for the link though, I'll come back to it in the future hopefully.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  6. #531
    you only need to pay when it gets to the form printing stage ....the free plan will tell you if you have any liability , so if no liabilty no need to pay
  7. #532
    Ah ok, that's useful. Although, on the other hand, perhaps it's not. Ignorance is the difference between tax evasion and tax avoidance.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  8. #533
    Sold my safesun again, now I've put a buy order in to buy it back 30% cheaper. There's a massive sell order that will hopefully stop the price going up overnight. Hopefully I didn't just make a huge mistake, but we'll see.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  9. #534
    Quote Originally Posted by OngBonga View Post
    Ah ok, that's useful. Although, on the other hand, perhaps it's not. Ignorance is the difference between tax evasion and tax avoidance.
    nope....its the difference between no fine or being fined for late payment and those fines are daily
  10. #535
    Can you still claim benefits if you're making an income off of crypto?
    I just think we should suspend judgment on Trump until we have all the facts through an inquiry
  11. #536
    Quote Originally Posted by Poopadoop View Post
    Can you still claim benefits if you're making an income off of crypto?
    Yes, although it should be pointed out I'm not making an income from crypto. I've so far put around £300 in and taken nothing out. But even if I took money out, there's an annual threshold. I can have, I think, up to £6,000 in savings. So if I won £5k on the lottery, I don't have to sign off or even declare it. Same with poker, and same with crypto. I mean, there's no specific guidelines when it comes to crypto, or indeed poker. The lottery is covered, it is gambling, and I strongly believe both poker and crypto will fall into this realm too.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  12. #537
    Quote Originally Posted by Keith View Post
    nope....its the difference between no fine or being fined for late payment and those fines are daily
    Well my point was that if I'm actively and knowingly avoiding tax, that's more serious than ignorantly avoiding tax. But like I say, unfortunately I'm nowhere near having to think about this yet. I doubt very much this will change between now and April, though it might.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  13. #538
    Quote Originally Posted by OngBonga View Post
    Well my point was that if I'm actively and knowingly avoiding tax, that's more serious than ignorantly avoiding tax.
    I don't think that's how the law works. You don't get to claim "I didn't know." At least that's not how it works in Canada.
    I just think we should suspend judgment on Trump until we have all the facts through an inquiry
  14. #539
    Quote Originally Posted by OngBonga View Post
    Yes, although it should be pointed out I'm not making an income from crypto.
    I mean more future-looking, like if someday you buy a house, can you then go sit in your house smoking spliffs and get benefits, or does somebody in gov't say "hey wait a minute..."
    I just think we should suspend judgment on Trump until we have all the facts through an inquiry
  15. #540
    Quote Originally Posted by Poopadoop View Post
    I don't think that's how the law works. You don't get to claim "I didn't know." At least that's not how it works in Canada.
    It does to a degree. I mean obviously I'm not a law expert, but I'm pretty sure that crime is more serious if you are aware that what you are doing is illegal, and are actively attempting to break the law. That's not to say ignorance is a viable defence in the sense of getting away with it, just that it's not as serious.

    I mean more future-looking, like if someday you buy a house, can you then go sit in your house smoking spliffs and get benefits, or does somebody in gov't say "hey wait a minute..."
    Very much a grey area. Hypothetically, I am allowed to own a house and claim benefits. The government cannot force someone to sell their home to claim benefits. The home has a value limit, they can insist you downgrade, no idea what that limit is though. However, in order to buy a house, I would first need to withdraw, and in doing so, I'm creating an income, and a very large one. So I strongly suspect I'd lose the right to claim for the remainder of the year. Not even sure if this would be calendar year or tax year.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  16. #541
    It has to be said, if I had my own home, I wouldn't need to claim benefits. I'd simply grow weed and support myself.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  17. #542
    Quote Originally Posted by OngBonga View Post
    It does to a degree. I mean obviously I'm not a law expert, but I'm pretty sure that crime is more serious if you are aware that what you are doing is illegal, and are actively attempting to break the law. That's not to say ignorance is a viable defence in the sense of getting away with it, just that it's not as serious.
    I think financial crimes are generally the type where motive is ignored. I expect they just tell you to pay up with interest, and don't really care whether it was on purpose or not.
    I just think we should suspend judgment on Trump until we have all the facts through an inquiry
  18. #543
    Quote Originally Posted by Poopadoop View Post
    I think financial crimes are generally the type where motive is ignored. I expect they just tell you to pay up with interest, and don't really care whether it was on purpose or not.
    Well yeah you're going to have to pay it back, but where a criminal intent can be proven, you might also be prosecuted. If no criminal intent is apparent, you probably only have to repay and don't face a criminal court. That's what I mean by less serious.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  19. #544
    How can they prove you did or didn't know the tax law?

    That's what I mean when I say they ignore motive in these cases.
    I just think we should suspend judgment on Trump until we have all the facts through an inquiry
  20. #545
    Let's say the gov't finds out you've got £100k in your bank account that wasn't there last year. First thing that happens, they ask you where you got it. If the answer falls under the category of taxable income, they don't haul you before a judge right away, they send you a letter saying "out of this £100k, you owe us £xx, pay up." Probably they also do an audit. Maybe they wag their finger at you, but they've got bigger fish to fry than someone who may or may not have knowingly broken the law. Then, once they send you the bill, you either pay and the whole thing is forgotten, or you don't and then you're in legal trouble.

    But, if they ask you where the £100k came from and you say "It was a gift," or some other non-taxable thing, and then they find out it was from your crypto wheelings and dealings, they probably do take you straight to court because it's obvious you lied so as to defraud them.
    I just think we should suspend judgment on Trump until we have all the facts through an inquiry
  21. #546
    Quote Originally Posted by Poopadoop View Post
    How can they prove you did or didn't know the tax law?

    That's what I mean when I say they ignore motive in these cases.
    If they can demonstrate you've acted fraudulently. You provide an example yourself... claiming money as a gift when it was income. But obviously there are tons more ways to commit tax fraud. Another example might be underdeclaring your income as self employed, or making fraudulent expenses claims to lower one's tax liability, perhaps by creating fake receipts. An investigation might be able to prove this tax fraud and you're in much deeper shit than a simple demand.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  22. #547
    Right, but as my next post suggests, there's a difference between blatant fraud and something that isn't obvious fraud. I doubt you go to jail for owing back taxes alone. Or maybe you do. Oh well, don't drop the soap.
    I just think we should suspend judgment on Trump until we have all the facts through an inquiry
  23. #548
    I doubt you go to jail for owing back taxes alone.
    You can. Council tax is an example. It rarely happens, they have to be able to demonstrate you're outright unwilling to pay it, rather than unable to, but people can and do go to jail for not paying tax. If they can show you're doing it deliberately, they'll throw the book at you. The taxman is a cunt.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  24. #549
    dent has now tripled in price since I sold. God hates me.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  25. #550
    lol my dip purchases are now solidly in profit .....having been down a fair bit at the bottom of the dip ......have some big holdings of coins that are pumping hard . 10days ago ADA was probably around 1.30 now 2.16 , xrp was around .65 now 1.18. looks like i'm about hitting my capital gains allowance again already for the year with a lot of coins still way down on their highs from may
  26. #551
    Did you do the coinbase Ong ?

    Capture.jpg
  27. #552
    added the fetch.ai last night so look like you can keep adding new tokens every so often
  28. #553
    Did you do the coinbase Ong ?

    No. I can't even remember what the coinbase thing was.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  29. #554
    I can't even remember what the coinbase thing was.
    Wasn't it something to do with free monies?

    Have another spliff.
    I just think we should suspend judgment on Trump until we have all the facts through an inquiry
  30. #555
    Have another spliff.
    This is the most sensible thing you've said since you last said it.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  31. #556
    #503 @ong scroll up
  32. #557
    Yeah done it now, signed up for my free money. £23.38

    What a day, think I'll have a spliff.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  33. #558
    Now £23.42

    fuck me it's happening
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  34. #559
    I got XLM, COMP, GRT, FET, CLV, AMP
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  35. #560
    Shoulda bought the dip like Keith
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  36. #561
    free spliffs for ong when he sells lol
  37. #562
    check the fees ...but if you sell it and buy usdt ...then sell the usdt and put it into something else you do want you'll have done the $100 of trades and get the 10$ bonus - > 10$ -fees is extra free money
  38. #563
    I already had a coinbase account so I probably already covered $100 in trades, almost certainly.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  39. #564
    Quote Originally Posted by Keith View Post
    free spliffs for ong when he sells lol
    He's turning into Britain Kramer. Don't work and fall ass backwards into money.



    I just think we should suspend judgment on Trump until we have all the facts through an inquiry
  40. #565
    Capture.JPG

    ADA pumping hard along with some of my other coins
  41. #566
    its still pumping Capture.JPG
  42. #567
    MadMojoMonkey's Avatar
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    Those daily numbers make it seem like it's just free money. It still feels to me like it's really a full time job, though. Am I wrong?

    Like, how much time do you spend on average in a week actively thinking about your crypto?
    I guess it's not fair to count daydreaming or non-investment thoughts. I don't exclusively think about physics when I'm on the clock, after all.

    I'm just trying to gauge the level of time commitment involved.
    You can find any pattern you want to any level of precision you want, if you're prepared to ignore enough data.
  43. #568
    I pretended I didn't see how much he's making a day.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  44. #569
    its the advantage of working from home ( have crypto youtube vids playing while i work and absorb stuff just by listening ) and also crypto is semi involved in work. and that screenshot is from the original £8K i invested back at the start of february + mining income from mining ETH
    .
    Capture.JPG

    The dotted line represents the effective buying cost which isnt the actual amount included as it includes the reinvested profits when i was actively trading in and out of coins so during the sell offs i was down on my effective tax cost but with realized gains and now the excess above the dotted line is unrealized taxable profit. The mined ETH is counted as a purchase at the value it was worth when i received it for tax purposes which also increases the effectiong buying cost .I've now been mining ETH for ~7 months


    Its a bit like a poker bankroll , it will go up and down day to day but in a bull market prices will trend upwards over time.

    Capture.JPG

    thats the portfolio breakdown so a big ADA pump gives nice profits . the Other will be the coinbase coins
    Last edited by Keith; 08-20-2021 at 03:03 PM.
  45. #570
    ada pumping again
  46. #571
    Capture1.JPG

    ada still pumping

    this is the last month where it could have been bought at $1 in july

    Capture.jpg
  47. #572
    forgot the free money portfolio
    Capture.JPG
  48. #573
    @Ong watch this https://www.youtube.com/watch?v=08pgr-aXXbE

    this exploit may apply to safesun leaving your crypto vulnerable
  49. #574
    I have no idea what he just told me, other than safemoon is a scam coin, and safesun likely is too. I already know this. Safesun seems to have hit rock bottom where the remaining holders are better off continuing to hold. I'm in that boat, I can pretty much sell my coins at will for around $300, or put a sell order in and patiently wait for $400+. It's kinda not worth me taking any less, or to put it another way, it's worth the risk holding. If the coin returns to pre crash levels (debateable) that's a 15x increase from current price. Considering I can probably bail at at $300 at any given time, I'm not in a hurry to get out. Ultimately I put ten dollars into this coin, so I've done well to build my bag from that to what it is through a mini bear market. We'll see how patient I remain with it.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  50. #575
    Guys, I see more and more disagreements about whether it is necessary to invest money in bitcoin or cryptocurrency in general, whether it will bring profit, etc. If you are confident in your money and in your decision to do this, you should not write on the forum about whether it should be done or not. If you decide to invest money in the project, get a profit, well, or a loss as it goes. They won't tell you many valuable things here anyway, because people don't need another competitor, you know? I had several friends who invested in a low price cryptocurrency and are now making a considerable profit, although everyone told them that they were fools and so on.
    ______________________________
    [link deleted]
    Last edited by MadMojoMonkey; 08-25-2021 at 11:53 AM. Reason: deleted link to external site
  51. #576
    I used to buy gold more often, but now increasingly buy cryptocurrency, although understand that this is just electronic money
  52. #577
    I think I just broke a trading bot. Either it ran out of money/coins, hit its stop loss, or the human owner saw what was happening and turned it off. I wanted to see how much I could make of it, I was making around 1% per transaction, maybe two transactions a minute going at a leisurely pace. I made maybe $5 in half an hour or something. It abruptly stopped trading after a while.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  53. #578
    flip burgers at mcdonalds ? they'll keep paying at that rate?
  54. #579
    Can I smoke weed and drink tea while flipping burgers? Nope. And if this shitcoin goes 10x, which it could, that five bucks I fleeced off the bot turns into $50. Worth half an hour of amusement.

    I've found a new way to gamble. Fantasy football for money. I've paid £20 for the season, best team wins £200k. My current ranking is 323 out of 36k or so, which would win me £175. There's also weekly games, I've played a few of them and picked up money in a couple, only a few quid but the payout structure isn't dissimilar to poker, there's good money at the top. Also put £8 on poker and in my first tourney went reasonably deep and won $40-odd.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  55. #580
    Anyone interested in the Koinly app to work out/print their crypto tax liabiility/forms they have a 24hour discount code 155D9CD4 offering 30% off which probably ends in about 12 hours

    the website only offers 15% off
  56. #581
    Ouch ....down about £10k with todays sell off ..... still a healthy profit overall though

    so bought the dip and invested another £4k into ETH , Solana and xrp
  57. #582
    Traded all my free coinbase coins for chainlink, and link has outperformed all of them. Win.

    Sold my safesun, took market price and put the money into link. Safesun has continued to lose value despite the market being somewhat bullish. Another win.

    Got some dash and dent too, both doing ok. I want in on luna and sol too but I think I'll wait for a better entry point, both seem a little overpumped right now.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  58. #583
    Current portfolio -

    LINK - 8.5 ($230)
    DENT - 47500 ($220)
    DASH - 0.8 ($155)
    SOL - 1 ($160)
    ATOM - 1 ($36)
    LUNA - 1 ($39)

    plus around $200 in mUSDC/USDC

    and around $2 of safeshitcoins

    I think I've put around $300-400 in crypto so this is fine.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  59. #584
    My fantasy football ranking is currently 49/37500, currently sitting on a £1750 prize and keeping pace with the leaders. £200k for 1st.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  60. #585
    I've found a market that makes no sense. I'm buying at around $0.60 and selling at around $1.40. The main drawback is that it's a ridiculously low volume market, I'm lucky if I trade $20 a week. But it does mean that I get free money to invest in other coins. From an initial $30, I've got $60 in safesun (just so I don't cry if it megapumps), about $70 in $HEX, and about $100 worth of these coins I'm now trading.

    I see activity that makes no sense, too. Someone is basically buying coins off himself. He'll put an order it to sell, then immediately buy them. Then he'll put an order in to buy, and immediately sell. He's losing a small percentage to fees, so I'm kind of at a loss as to what's going on. My best guess is someone has hacked another bitmart account, and rather than transfer funds wallet-to-wallet, which would be trackable, he's selling coins to the hacked account via the exchange and buying them back cheaper., thus slowly draining the hacked account of $UDST. But that's a pure guess, the only explanation I can think of that makes any sense. Naturally, I try to snipe the occasional trade, and occasionally succeed, but I'm not going to sit staring at the market for hours waiting for him to do his thing.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  61. #586
    Updated portfolio -
    ATOM - 1 ($36)
    HEX - 221 ($62)
    KAREN - 4627416504 ($6)
    LINK - 7 ($200)
    SAFESUN - 51865597 ($67)
    SOL - 1 ($182)
    USDC - $6
    mUSDC - 82 ($100 ish)
    DENT - 47,619 ($292)
    DASH - 0.5 ($100)
    MIR - 18.8 ($56)
    TOMO - 17.8 ($44)
    LUNA - 1 ($42)
    BNB - 0.06 ($30)
    CUNT - 60,000 ($8)

    and about $5 in shrapnel

    Just over $1200

    All winners except the CUNT, which is a significant loss ($50 invested), and the HEX, which I've only just bought.

    When millionaire?
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  62. #587
    CUNT is an awful shitcoin because it's highly unlikely to get any media buzz.

    Mainstream outlets will publish pieces that mention shit coins because the silliness makes for a fun "lol what a world" fluff piece-- but CUNT is just too harsh of a curse word in, at least in American English, to fit that news template.
    You-- yes, you-- you're a cunt.
  63. #588
    Join Date
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    Quote Originally Posted by OngBonga View Post
    My fantasy football ranking is currently 49/37500, currently sitting on a £1750 prize and keeping pace with the leaders. £200k for 1st.
    didn't isf or someone similar post a bit about fantasy football five or so back? if so, recommend reading i guess?
  64. #589
    Quote Originally Posted by boost View Post
    CUNT is an awful shitcoin because it's highly unlikely to get any media buzz.

    Mainstream outlets will publish pieces that mention shit coins because the silliness makes for a fun "lol what a world" fluff piece-- but CUNT is just too harsh of a curse word in, at least in American English, to fit that news template.
    This is true, and twitter's algorithm is probably not going to let cunt trend, but it just made me laugh and I wanted to own some. I probably threw too much into the coin, should've just put a tenner in, but whatever.

    Its actual name is mooncunt, it's a pisstake of safemoon and all the other stupid safe and moon shitcoins out there. It's actually a decent coin in the sense it's designed partly as a joke, and partly a charity coin. The creator decided that CUNT stands for Charitable Unruggable Networking Token. It supports cervical cancer charities. But people need to actually trade it for it to raise money.

    It's probably a write off.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  65. #590
    Quote Originally Posted by daven View Post
    didn't isf or someone similar post a bit about fantasy football five or so back? if so, recommend reading i guess?
    Hey Daven. Not really interesting in finding his post, I consume a fair amount of fantasy football content on youtube and follow Premier League football, so it's probably not worth my time, especially if it's old content. Cheers though.

    I'm still top 100, less than 30 points off the top (that's fairly close) going into this weekend of action. If I'm still top 100 at the end of the season I'll be very happy.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  66. #591
    I'm not top 100 anymore, had a terrible day, dropped all the way down to the 900s. Brutal. From 40-odd points off the lead to 70-odd points.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  67. #592
    Quote Originally Posted by boost
    CUNT is an awful shitcoin because it's highly unlikely to get any media buzz.
    Just to add - The only way this coin really picks up any attention is if a social media influencer promotes it. That's definitely possible, there's plenty of well-followed people looking to pump crypto coins for their own benefit.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong

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