Is anyone else starting to become a bit excited?

stockshares · 21-10-2020 03:39PM

cnocbui wrote: »

Yes, under Irish law.

My personal take on it is that you are only bound to obey the laws of the country you are physically present in. So while Irish law is you owe CGT for 3 years, it only applies and is relevant if you are physically in Ireland. If you are living in Singapore, it's the laws of Singapore you are obliged to follow and should follow.

Ireland can pass any law it likes, why not make it you owe CGT for life? But jurisdiction ends at the border, and that's what matters.

Of course none of this applies to the US, whose laws apply to everyone on the planet at all times.

How long does it take Revenue to claim CGT once they have been notified by the Bank?

cnocbui · 21-10-2020 03:50PM

stockshares wrote: »

How long does it take Revenue to claim CGT once they have been notified by the Bank?

I have no idea. If I were to guess, I'd say months if not a year, because all they see is an amount deposited, only you know how much you originally paid for the asset and so whether or not a CGT has been made. For all Revenue know, that deposit could actually represent a large CGT loss.

If you are asking could you get away with doing a runner, I'd say yes.

cnocbui · 21-10-2020 03:54PM

Addison Fancy Macrame wrote: »

(big green candle)

Ha ha.

stockshares · 21-10-2020 04:00PM

cnocbui wrote: »

I have no idea. If I were to guess, I'd say months if not a year, because all they see is an amount deposited, only you know how much you originally paid for the asset and so whether or not a CGT has been made. For all Revenue know, that deposit could actually represent a large CGT loss.

If you are asking could you get away with doing a runner, I'd say yes.

Won't be doing a runner but I'm sorry I ever came back.

How do they judge the CGT if your gain is a result of DCA over a period of time with trading occuring throughout that time and no previous withdrawals made?

cnocbui · 21-10-2020 04:19PM

stockshares wrote: »

Won't be doing a runner but I'm sorry I ever came back.

How do they judge the CGT if your gain is a result of DCA over a period of time with trading occuring throughout that time and no previous withdrawals made?

I don't know the precise mechanics, but this is Revenue we are talking about, so they don't care whether you made a withdrawal, if a trade resulted in a profit vs the earliest acquisition of the asset then they expect you to declare a CGT even and cough up. Other countries allow trading accounts with taxation assessable only on withdrawls from the account, but Ireland doesn't.

Bob24 · 21-10-2020 04:53PM

cnocbui wrote: »

Ha ha.

Ah if we are going lose now, I have to post that one :-)

Lex Luthor · 21-10-2020 07:39PM

the revenue will be all over anything with a hint of profit now to take whatever they can get since the coffers are down

banie01 · 21-10-2020 07:44PM

The amount of financial data available to revenue is staggering.
From card sales alone they collate the volume and value of transaction posted in the country.
Revenue collate the sales data from every single pos terminal in the state via the providers.
On bank transfers, banks are obliged to report any deposit over 10k or that may be suspicious.

The thing is there is a huge amount of data available to Revenue on banks, deposits and spending profiling that allows them to build very rapid and very detailed financial and asset profiles on the average Joe soap who's not washing from company a to bank1 to company b to bank 2.

None of their info or access is ever an issue unless and until you are pulled for an audit.

Str8outtaWuhan · 21-10-2020 08:16PM

banie01 wrote: »

The amount of financial data available to revenue is staggering.
From card sales alone they collate the volume and value of transaction posted in the country.
Revenue collate the sales data from every single pos terminal in the state via the providers.
On bank transfers, banks are obliged to report any deposit over 10k or that may be suspicious.

The thing is there is a huge amount of data available to Revenue on banks, deposits and spending profiling that allows them to build very rapid and very detailed financial and asset profiles on the average Joe soap who's not washing from company a to bank1 to company b to bank 2.

None of their info or access is ever an issue unless and until you are pulled for an audit.

"And that's why, Timmy, cash is King"

Irish_rat · 21-10-2020 10:16PM

All we can say is its riskier not being in crypto right now.

2021 could be some year

Donegal1234 · 21-10-2020 10:51PM

Bitcoin pumping today surprised Coinbase hasn’t crashed yet.

tcawley29 · 22-10-2020 05:45PM

Looks like uswap is completely gone now anyways.
Website down, telegram gone, twitter gone

Dohnjoe · 22-10-2020 07:14PM

Irish_rat wrote: »

All we can say is its riskier not being in crypto right now.

2021 could be some year

Or it could all drop 90% like in 2018, always keep perspective

That said, I would be surprised if there's not some sort of bull between now and end of '21.

q85dw7osi4lebg · 22-10-2020 08:30PM

tcawley29 wrote: »

Looks like uswap is completely gone now anyways.
Website down, telegram gone, twitter gone

Wasn't predictable at all :pac:

tcawley29 · 22-10-2020 08:57PM

Addison Fancy Macrame wrote: »

Wasn't predictable at all :pac:

I was being optimistic :pac:

Kickstart1.3 · 22-10-2020 09:13PM

I wonder are we seeing Tether pumping the market,
if you look at the market cap of Tether it has risen 4X in the last few months. Looking at the chart it is almost straight up since September.

Shamo · 23-10-2020 08:40AM

Kickstart1.3 wrote: »

I wonder are we seeing Tether pumping the market,
if you look at the market cap of Tether it has risen 4X in the last few months. Looking at the chart it is almost straight up since September.

Take a look at USDC (the highly regulated audited one), it's the same in terms of market cap rise since a few months ago. Just more money coming in it looks like.

stockshares · 23-10-2020 11:42AM

Following on from news earlier in the week PayPal are in talks to buy BitGo.

https://www.bloomberg.com/news/articles/2020-10-22/paypal-said-to-be-in-talks-to-buy-crypto-firms-including-bitgo

JohnnyFlash · 23-10-2020 11:59AM

Momentous day I’m sure you all agree.

cnocbui · 23-10-2020 01:55PM

To this day, I do not understand why Craig Wright would ever set foot on US soil, given the Kleiman estate wanting his monies. Weird and inexplicable.

grindle · 23-10-2020 08:11PM

banie01 wrote: »

The amount of financial data available to revenue is staggering.
From card sales alone they collate the volume and value of transaction posted in the country.
Revenue collate the sales data from every single pos terminal in the state via the providers.
On bank transfers, banks are obliged to report any deposit over 10k or that may be suspicious.

The thing is there is a huge amount of data available to Revenue on banks, deposits and spending profiling that allows them to build very rapid and very detailed financial and asset profiles on the average Joe soap who's not washing from company a to bank1 to company b to bank 2.

None of their info or access is ever an issue unless and until you are pulled for an audit.

All of this is true in an ideal (for Revenue) world, but my mate in Revenue says there's such a large amount of grandfathered-in retards working there that it's a bit like throwing darts blindfolded for the good (read: younger) workers. In a team of six, one might be competent & carrying the rest for 80-90% of tasks and that's the norm. Classic public servant bureaucratic shenanigans, impossible to fire wasters.

Aside from that, pay your tax if you owe it anyway. Why would anybody want the hint of a worry haunting their dreams? If selling and moving elsewhere, all good.

FFVII · 25-10-2020 09:07PM

https://coingeek.com/tether-pulls-support-for-peter-mccormack-in-craig-wright-libel-case-following-discovery/

Donegal1234 · 25-10-2020 09:12PM

FFVII wrote: »

https://coingeek.com/tether-pulls-support-for-peter-mccormack-in-craig-wright-libel-case-following-discovery/

https://twitter.com/bitcoinlawyer/status/1320012895334400001?s=21

Coingeek just used to promote bsv propaganda.

Whelo79 · 26-10-2020 09:08PM

KIN has had a lovely comeback this last week since the conclusion of the SEC investigation and resulting slap on the wrist. Up over 400% in a few days.

el diablo · 27-10-2020 03:09AM

ReaLDEaL323 wrote: »

i'm becoming very excited knowing CRO is gonna pump through the roof, and my buy for the card and their free 42 eur is a steal, btc also hopefully goes to mars and never looks back.

anyone else jumped on CRO while it's cheap? well

Nah, I staked MCO to receive one of their cards and it has since converted to CRO and I'm down roughly 50%. Their cards would be very tempting at current rates but I sure as hell ain't buying any more CRO.

Ryzken · 27-10-2020 03:26AM

Is XRP worth buying?

Bob24 · 27-10-2020 07:03AM

el diablo wrote: »

Nah, I staked MCO to receive one of their cards and it has since converted to CRO and I'm down roughly 50%. Their cards would be very tempting at current rates but I sure as hell ain't buying any more CRO.

Yep agree. Get the CROs you need to get the card you want, but the time to play it as a speculation has largely passed. Their influence on the price is strong and they have made it pretty clear they don’t mind crashing it if they need to.

Whelo79 · 27-10-2020 09:40AM

Axion (Hex2T) has passed the Certik audit with no issues found. Full report is to be released on Wednesday I believe, along with the countdown to mainnet launch (launch scheduled for this weekend).

The new website is now live www.axion.network and the price is hovering around ATH @ .0003c. This baby is poised to explode.

q85dw7osi4lebg · 27-10-2020 10:25AM

Ryzken wrote: »

Is XRP worth buying?

If you fancy years of stress and no increase in price, yes.

deathbomber · 27-10-2020 12:19PM

Whelo79 wrote: »

Axion (Hex2T) has passed the Certik audit with no issues found. Full report is to be released on Wednesday I believe, along with the countdown to mainnet launch (launch scheduled for this weekend).

The new website is now live www.axion.network and the price is hovering around ATH @ .0003c. This baby is poised to explode.

500 Billion
Initial
Total Supply

Initial supply! that alone is a big no no for me. I do't fancy your chances on this

The codebase doesn't have much content, huge way to go for this project, it is literally just starting, of course it is an ico but still, other than the website, i see nothing much to get excited about man

Is anyone else starting to become a bit excited?

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