Thread: RIP Bitcoin

Falling fast now down to £215.

Just sold some ETH to buy some more XRP.

Ripple now joint top holder in my alt portfolio.


Will play around some more tomorrow.

£208 for LTC now looks like will get my buy in target shame in the pub and can't have another go with registering with coinbase just Now!!!!!!

^ There's a Ripple mobile wallet been demonstrated first time on Japanese TV tomorrow. Maybe that's all it is.

Originally Posted by Luigi

Yup, he's just a clueless troll. Never mind the retard.

actually do you have a work permit

I am pretty Thai laws ask for work permit for engaging in trading activities,

and yes you have to pay tax, bitcoins are regarded as derivatives, and I think they are taxed

Since when have Bitcoin been considered as derivites? It's a crypto currency all governments deny exists as they can't regulate. Some government's are starting to try but as far as I'm aware no government has so far imposed capital gains tax on crypto currencies. It's viewed as gambling which it is IMO.

NZ government has, due to not really knowing what to do, decided to follow the US and Aus by classifying it as capital gains as you would get from stock markets. They are currently revisiting their stance, I don't expect any decisions soon. Japan has been a crypto leader and has recognized it as currency, so not taxable. Other countries will catch up eventually.

At 30% capital gains tax in NZ I don't think I'll be cashing out any gains any time soon to a NZ account.

Originally Posted by buriramboy

Since when have Bitcoin been considered as derivites? It's a crypto currency all governments deny exists as they can't regulate. Some government's are starting to try but as far as I'm aware no government has so far imposed capital gains tax on crypto currencies. It's viewed as gambling which it is IMO.

it's gambling in reality but it's considered an OTC derivative by regulators, therefore highly taxed

an OTC derivative can be any kind of instruments with any kind of agreements attached to them, and bitcoins fit the bill

Originally Posted by Dragonfly

it's gambling in reality but it's considered an OTC derivative by regulators, therefore highly taxed

an OTC derivative can be any kind of instruments with any kind of agreements attached to them, and bitcoins fit the bill

I can only speak for the UK maybe French law is different but in the UK any gambling wins say on horses or at the casino are not taxable. Crypto is currently viewed the same way now that may change but as I understand it no capital gains tax on selling your house piling into Bitcoin and losing the lot.

Have a look at 'lion' .

Originally Posted by Dragonfly

actually do you have a work permit

I am pretty Thai laws ask for work permit for engaging in trading activities,

and yes you have to pay tax, bitcoins are regarded as derivatives, and I think they are taxed

well done fly, thats the closest post uv had to adding something usefull...stop and think when u post.

15% last night off me Alts, wasn't even a particular good night for 'em.

Originally Posted by Luigi

15% last night off me Alts, wasn't even a particular good night for 'em.

wots alts.

Looks like it's Bitcoin today.
Up to a new all time high at 17,766

Originally Posted by Plan B

At 30% capital gains tax in NZ I don't think I'll be cashing out any gains any time soon to a NZ account.

Interesting... I was going to set up accounts etc. when I'm back in NZ soon.

Don't think I'll bother now.

Originally Posted by lob

wots alts.

Alternative coins.

Cryptos that aren't Bitcoin.


I have about 10 of them on bx.in.th in various percentages.

ETH, DAS, XRP and LTC leading the way.


BTC on the rise again.

thought that but with all the coin abs , best to check . cheers lu.

wont there be a personal allowance before the 30%

Originally Posted by lob

thought that but with all the coin abs , best to check . cheers lu.

Velly welcome.


I'm gonna put my coins into cold storage in the new year and leave around 100k baht in my bx.in.th wallet split between 10 or so Alts.

Gonna do a one year experiment of messing around with them most days, and see how much I can turn it into over one year of playing around using basic information on daily/weekly values using sites such as:

https://coincheckup.com/


Will do a '1 yr play/experiment on Alts' thread about it as it's away from Bitcoin. Will post up value info about the main ones I'm playing around with and will see how little money I've left at the end of it.

Taxes

It is the customer's responsibility to determine what, if any, taxes apply to the trades you complete via the Website, and it is the customer's responsibility to report and remit the correct tax to the appropriate tax authority. The customer agrees that the company is not responsible for determining whether taxes apply to the customer's trades or for collecting, reporting, withholding or remitting any taxes arising from any trades.

Originally Posted by Luigi

Velly welcome.


I'm gonna put my coins into cold storage in the new year and leave around 100k baht in my bx.in.th wallet split between 10 or so Alts.

Gonna do a one year experiment of messing around with them most days, and see how much I can turn it into over one year of playing around using basic information on daily/weekly values using sites such as:

https://coincheckup.com/


Will do a '1 yr play/experiment on Alts' thread about it as it's away from Bitcoin. Will post up value info about the main ones I'm playing around with and will see how little money I've left at the end of it.

goodonya, well done lu, good luck with it. at least u put ur money where ur mouth is.

Originally Posted by lob

well done lu, good luck with it. at least u put ur money where ur mouth is.

Some Bangsaen Beach scrubber's muff?

Originally Posted by lob

just realised that they only took my debit card number, not my account details, so how do u get ur dribbles back lu.

yesterday, i took out some dollars and they deposited the funds into my debit card balance (same as a credit card).

Originally Posted by Farangrakthai

yesterday, i took out some dollars and they deposited the funds into my debit card balance (same as a credit card).

useing ur debit card number?

Originally Posted by Dillinger

Some Bangsaen Beach scrubber's muff?

that too prob. 555