Dent keeps pumping. Make it stop.
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Dent keeps pumping. Make it stop.
I got back into safesun in clear profit. I've basically made 2 LINK coins.
day just gets better most of the ADA Attachment 1225
everything else pumping hard as well
@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
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.
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
Ah ok, that's useful. Although, on the other hand, perhaps it's not. Ignorance is the difference between tax evasion and tax avoidance.
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.
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.
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.
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.
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:
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..."
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.
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.
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.
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.
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.
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:
I doubt you go to jail for owing back taxes alone.
dent has now tripled in price since I sold. God hates me.
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
Did you do the coinbase Ong ?
Attachment 1226
added the fetch.ai last night so look like you can keep adding new tokens every so often
No. I can't even remember what the coinbase thing was.Quote:
Did you do the coinbase Ong ?
Wasn't it something to do with free monies?Quote:
I can't even remember what the coinbase thing was.
Have another spliff.
This is the most sensible thing you've said since you last said it.Quote:
Have another spliff.
#503 @ong scroll up
Yeah done it now, signed up for my free money. £23.38
What a day, think I'll have a spliff.
Now £23.42
fuck me it's happening
I got XLM, COMP, GRT, FET, CLV, AMP
Shoulda bought the dip like Keith
free spliffs for ong when he sells lol
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
I already had a coinbase account so I probably already covered $100 in trades, almost certainly.
He's turning into Britain Kramer. Don't work and fall ass backwards into money.
https://www.tvinsider.com/wp-content...mer-scaled.jpg
Attachment 1227
ADA pumping hard along with some of my other coins
its still pumping Attachment 1228
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.
I pretended I didn't see how much he's making a day.
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
.
Attachment 1229
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.
Attachment 1230
thats the portfolio breakdown so a big ADA pump gives nice profits . the Other will be the coinbase coins
ada pumping again
Attachment 1231
ada still pumping
this is the last month where it could have been bought at $1 in july
Attachment 1232
forgot the free money portfolio
Attachment 1233
@Ong watch this https://www.youtube.com/watch?v=08pgr-aXXbE
this exploit may apply to safesun leaving your crypto vulnerable
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.
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.
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I used to buy gold more often, but now increasingly buy cryptocurrency, although understand that this is just electronic money;)
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.
flip burgers at mcdonalds ? they'll keep paying at that rate?
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.
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
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
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.
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.
My fantasy football ranking is currently 49/37500, currently sitting on a £1750 prize and keeping pace with the leaders. £200k for 1st.
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.
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?
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.
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.
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.
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 boost
yeah, I didn't know it was a charity coin and specifically for a women's health issue-- that wrinkle actually gives it a chance, people love a good heel turn.
It didn't start off that way, the coin has a similar dynamic to safemoon and the like, where a percentage of trades is creamed off. With safemoon, those funds are redistributed to holders, but in the case of mooncunt, the creator polled his followers and asked what they think should happen to the funds... and charity prevailed.
You got any Shiba Inu? It's my only shit coin, can't even remember why I tossed some change into it
Nah I missed that boat, I'm aware it's going mental though.
I imagine it'll shit the bed sooner or later, rather like DOGE. Can't see how it carries on like this. I might be wrong though.
yeah, it's a small bit of money, so I'm having fun trying to time it. It keeps getting listed on exchanges and the hype is that it'll get listed on Robinhood. Probably gonna sell off my principal today and let the rest ride for a bit.
I'm curious if it will crash once it hits RH. Are there really that many RH users who don't also have accounts on Coinbase/Public? Seems like there might be a good bump from late comers who think RH exclusivers will flood in, then when that underperforms the bottom will fall out.
Bitmart has a shiba market too, I think it's one of the primary exchanges for safemoon, another popular meme coin, so it surprises me that a new listing can have such an effect. idk who's buying these coins at all-time highs though, seems crazy to me.
I still can't afford a lambo
Maybe a hot wheels lambo