MonsieurCopperCrutch Posted February 15, 2021 Share Posted February 15, 2021 A 3 year old can explain Bitcoin putting salty nocoiners to shame: 😂 Quote Link to comment Share on other sites More sharing options...
HovelinHove Posted February 15, 2021 Share Posted February 15, 2021 22 minutes ago, RodCrosby said: There was a way until late last year, when Bircoin ETPs were still SIPPable and ISAable. Now it will involve you moving abroad to a favourable jurisdiction, to cash out. A complete break with the UK for maybe 6 years. Isle of Man / Channel Islands Portugal maybe Germany maybe others... It completely makes sense if you are sitting on large six or seven figure gains. I am a New Zealand perm resident, and there are some very favourable laws for newly arrived residents when it comes to things like this. It’s all a bit of a moot point for me though. I tried to get in at 17k, prayed about it, and the app I was using wouldn’t work, and took that as a sign! Personally I feel better off not watching the flipping price every 5 seconds which is precisely what would have happened if I’d lobbed 10k in...InsteadI only look at the price a couple of times a day and sulk Quote Link to comment Share on other sites More sharing options...
Frugal Git Posted February 15, 2021 Share Posted February 15, 2021 I know I mentioned it yesterday, but I seriously recommend mining at the moment if you’ve got a decent GPU or three. It’s stacking sats like nobodies business and a perfect method of dollar cost averaging. It’s only £14 a day in my case, but that’ll add up. Quote Link to comment Share on other sites More sharing options...
dugsbody Posted February 15, 2021 Share Posted February 15, 2021 33 minutes ago, Frugal Git said: I know I mentioned it yesterday, but I seriously recommend mining at the moment if you’ve got a decent GPU or three. It’s stacking sats like nobodies business and a perfect method of dollar cost averaging. It’s only £14 a day in my case, but that’ll add up. £14 / day profit? Or break even? Quote Link to comment Share on other sites More sharing options...
BufferBear Bitcoin Bull Posted February 15, 2021 Share Posted February 15, 2021 (edited) 19 hours ago, Frugal Git said: Nope - a plant 🤷🏻♀️ It’s what she wanted 😂 she’s not exactly a believer. I remember when we first met in early 2017, in the early throws of love she told me her worries about how we would cope long term with life and it’s challenges. I said ‘don’t worry darling, I’ve got bitcoin!!’ - the price then was around $1300 - it had just passed 1oz gold/1btc. she looked at me like I was utterly bonkers (she’d never heard of it), and which I sort of am. Especially as my next statement was ‘and some ethereum too - just in case’. Still today, at 37x the price of btc, and probably 100x the eth price, me spending a few pence on leccy worries her 😁 I appreciate that - she’s way more cautious and risk adverse on finance than me, which overall is no bad thing in combination with my messed up brain. Sounds like a good match. Always go for someone who is careful financially, less stress, but likes quality, at the right time. 2 hours ago, MonsieurCopperCrutch said: A 3 year old can explain Bitcoin putting salty nocoiners to shame: 😂 Superb! 🤣 Even Saylor's on it in the act tagging the post with: "you don't need to be a rocket scientist to understand" #bitcoin . Edited February 15, 2021 by Buffer Bear Quote Link to comment Share on other sites More sharing options...
Frugal Git Posted February 15, 2021 Share Posted February 15, 2021 37 minutes ago, dugsbody said: £14 / day profit? Or break even? It’s seriously profitable. I have expensive electricity in this house for now - 20p/kWh even at night (switching tariffs soon). Even then, it’s costing < 1 unit/ h to run the three PCs. I’ve been measuring our consumption over the last few days. So max £2 per day to end up with £14 worth of btc should I choose to run them full pelt. the gpus I’m not counting really as a cost admittedly - they were a sunk cost as I was building the PCs for gaming, not mining. I was also *extremely* lucky to get them all for rrp. Tbh right now I could flog each of them for double the price paid which would be a much better return, but like I said, I bought them because I and the kids wanted gaming machines. Quote Link to comment Share on other sites More sharing options...
Frugal Git Posted February 15, 2021 Share Posted February 15, 2021 Also you could easily build a much more efficient rig than my setup. I’m using three separate PCs - so 3 CPU’s, three psus, ram, mbs and stupid RGB fans adding nothing and costing unnecessary power. An open surface single mb with pcie risers would be a much better solution. Quote Link to comment Share on other sites More sharing options...
markyh Posted February 15, 2021 Share Posted February 15, 2021 3 hours ago, HovelinHove said: Is profit on Bitcoin subject to CGT, and if so, is there a way to avoid it? Sell less than £12k pa, or move abroad for 4 years and live and become a tax resident there to cash out. After 4 years you can return to the Uk and redomicile your money no CGT due. Quote Link to comment Share on other sites More sharing options...
RodCrosby Posted February 16, 2021 Share Posted February 16, 2021 You should be able to sell more than £12.3k without paying tax. The amount of BTC you can sell tax-free s £12.3k / (£CURRENT_BTC_PRICE - £AVERAGE_BTC_PRICE_PAID) and in £ terms that's the above value * £CURRENT_BTC_PRICE Quote Link to comment Share on other sites More sharing options...
markyh Posted February 16, 2021 Share Posted February 16, 2021 23 minutes ago, RodCrosby said: You should be able to sell more than £12.3k without paying tax. The amount of BTC you can sell tax-free s £12.3k / (£CURRENT_BTC_PRICE - £AVERAGE_BTC_PRICE_PAID) and in £ terms that's the above value * £CURRENT_BTC_PRICE When all your taxable buy in was 2013 under $500 you have 99% profit, and getting higher every $10k increase! Quote Link to comment Share on other sites More sharing options...
BufferBear Bitcoin Bull Posted February 16, 2021 Share Posted February 16, 2021 (edited) https://news.bitcoin.com/paypal-to-expand-its-crypto-services-offering-to-the-uk/?utm_source=thecryptoapp https://www.coindesk.com/podcasts/coindesk-podcast-network/bitcoin-mainstream-media-narrative-shift?utm_source=thecryptoapp https://news.bitcoin.com/mexicos-third-wealthiest-individual-adds-bitcoin-to-his-twitter-bio/?utm_source=thecryptoapp https://btcpeers.com/ethereum-2-0-to-undergo-hard-fork-a-first-step-in-introducing-larger-changes/?utm_source=thecryptoap https://www.livebitcoinnews.com/blockchain-firm-valour-welcomes-former-bank-head-diana-biggs-as-newest-executive/?utm_source=thecryptoapp https://btcpeers.com/former-coinbase-cto-likens-indias-ban-on-crypto-to-a-ban-on-the-internet/?utm_source=thecryptoapp qa https://ambcrypto.com/bitcoin-breaks-another-record-miners-see-surge-in-weekly-revenue/?utm_source=thecryptoapp https://beincrypto.com/market-roundup-recovery-sees-top-coins-fully-recover-btc-still-above-48k/?utm_source=thecryptoapp https://cointelegraph.com/news/from-not-money-to-staggeringly-great-what-us-presidents-have-said-about-crypto-and-blockchain?utm_source=thecryptoapp https://decrypt.co/57778/just-five-services-launder-half-of-all-illicit-crypto-new-study?utm_source=thecryptoapp https://zycrypto.com/the-first-bitcoin-exchange-website-sold-over-1500-btc-for-a-single-dollar/?utm_source=thecryptoapp https://btcpeers.com/ Edited February 16, 2021 by Buffer Bear Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted February 16, 2021 Share Posted February 16, 2021 How times change: Quote Link to comment Share on other sites More sharing options...
BufferBear Bitcoin Bull Posted February 16, 2021 Share Posted February 16, 2021 (edited) https://twitter.com/PrestonPysh/status/1361492869182275584?s=19 😂 Edited February 16, 2021 by Buffer Bear Quote Link to comment Share on other sites More sharing options...
BufferBear Bitcoin Bull Posted February 16, 2021 Share Posted February 16, 2021 https://www.cryptoglobe.com/latest/2021/02/bitcoins-dominance-will-go-up-warns-analyst-who-predicted-2018-bear-market-bottom/?utm_source=thecryptoapp Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted February 16, 2021 Share Posted February 16, 2021 Quote Link to comment Share on other sites More sharing options...
BufferBear Bitcoin Bull Posted February 16, 2021 Share Posted February 16, 2021 (edited) Was/is today the day? https://cryptopotato.com/bitcoin-bounces-off-50000-as-milestone-price-is-finally-hit/?utm_source=thecryptoapp https://coinpedia.org/news/bitcoin-price-an-inch-close-to-50k/?utm_source=thecryptoapp https://bitcoinist.com/bitcoin-eyes-50k-as-traders-pause-profit-taking-after-bidens-stimulus-push/ Edited February 16, 2021 by Buffer Bear Quote Link to comment Share on other sites More sharing options...
BufferBear Bitcoin Bull Posted February 16, 2021 Share Posted February 16, 2021 (edited) 💯 Edited February 16, 2021 by Buffer Bear Quote Link to comment Share on other sites More sharing options...
BufferBear Bitcoin Bull Posted February 16, 2021 Share Posted February 16, 2021 https://www.coindesk.com/bitcoin-recovers-from-dip-to-set-new-record-high-close-to-50k Quote Link to comment Share on other sites More sharing options...
markyh Posted February 16, 2021 Share Posted February 16, 2021 2 hours ago, Buffer Bear said: https://www.coindesk.com/bitcoin-recovers-from-dip-to-set-new-record-high-close-to-50k Those $50k sell walls are slowly getting eaten away, when they fall, $55k-$60k will only take about a week. Quote Link to comment Share on other sites More sharing options...
Acid In The Punch Bowl Posted February 16, 2021 Share Posted February 16, 2021 $50k Quote Link to comment Share on other sites More sharing options...
longgone Posted February 16, 2021 Share Posted February 16, 2021 On 12/02/2021 at 14:48, wighty said: @longgone Start your investment journey into crypto with Luno with £10 on us! If you’ve not started your crypto journey yet, we’ve joined forces with Luno to offer you £10 absolutely free. Click on the graphic below and simply use the code CITYAM10 when you sign up. too much effort Quote Link to comment Share on other sites More sharing options...
longgone Posted February 16, 2021 Share Posted February 16, 2021 On 12/02/2021 at 21:18, Buffer Bear said: That's v impressive and I agree re: disruption. I say this not as an individual with knowledge of specialist areas but based on following debates on here, which I continue to learn from, my own research, and the progress of BTC since 2009 - the Internet is a powerful tool. The pandemic has only brought to the fore what was already known by many (but ignored) about the economy. I see you you have a pretty impressive resume relevant to BTC so your decision is rational as can be. So my judgement has been right to follow your posts and select others with care including doubters such as @longgone(amuses rather than irritates me now 😁) as challenges are important too. However, I've yet to see one that has succeeded based on evidence. 🤔 I've read the white paper (obviously without really understanding what it means 🙄) but what astounds me is why it is so short yet no one previously arrived at the same position Satoshi Nakamoto! For me, it means they were (are) simply a genius be it an individual or a group. 💥 LOL prepare for heavy loses and taxes soon. rishi will be looking to ways to make up for their stupidity also know as the contracts for friends policy. Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted February 16, 2021 Share Posted February 16, 2021 1 hour ago, markyh said: Those $50k sell walls are slowly getting eaten away, when they fall, $55k-$60k will only take about a week. $65K is in play once they fall. IMHO Quote Link to comment Share on other sites More sharing options...
Huggy Posted February 16, 2021 Share Posted February 16, 2021 41 minutes ago, Acid In The Punch Bowl said: $50k 29 hours later than my prediction, dammit. That's an additional day and a half at work before I can retire on my Bitcoin gainz 😠 Life just keeps throwing up these obstacles, but perseverence will win through. Quote Link to comment Share on other sites More sharing options...
markyh Posted February 16, 2021 Share Posted February 16, 2021 2 minutes ago, Huggy said: 29 hours later than my prediction, dammit. That's an additional day and a half at work before I can retire on my Bitcoin gainz 😠 Life just keeps throwing up these obstacles, but perseverence will win through. Only closed above $50k on the 5 min chart. Still it has sold above $50k, will be happier when it closes the daily above $50k. Quote Link to comment Share on other sites More sharing options...
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