Is anyone else starting to become a bit excited?

Donegal1234 wrote: »

In simple terms I use my coins and stake them to secure the network. And by doing this I get paid out rewards in that currency.

More in depth reading.

https://www.google.ie/amp/s/academy.binance.com/en/articles/what-is-staking.amp

You can also stake on exchanges for certain coins.

https://www.kraken.com/features/staking-coins

Very nice, congrats! Thanks for the info.

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sparrowcar wrote: »

Yes

I thought everything had a limit.What is the realistic limit it can possibly go

Deleted User wrote: »

Sorry, my crystal ball isn't working at the moment

I thought every coin had a limit, that's why other coins are worth little, as they could never be worth much.

BrandonBay86 wrote: »

I understand that but it’ll only take me a few minutes to prove to them it’s clean.

I'm sure there is a way to launder money through crypto that makes it look clean, to a degree.
If people why withdrawing much more than they deposited. I'd expect it to be flagged revenue/anti-laundering.

But I don't think it's the banks job or position to police the issue.
Flag earnings with revenue, let the tax man do his job.

BorneTobyWilde wrote: »

How far can bitcoin go?? 100k, 500k, 1 Million, 1 Billion a coin ???

The limit for Bitcoin is [total $ in the market]/21 million.

The total $ will come down to how viable people see it. and how secure and accessible it becomes at an institutional and retail level.

For example, the gold market is $9Tb, with about $3T representing the financial market.
If BTC equals or replace gold. 1 BTC would be worth 150k-450k.

Although, there's a huge difference between a stable market cap and a notional one.

BorneTobyWilde wrote: »

I thought every coin had a limit, that's why other coins are worth little, as they could never be worth much.

Not really.
BTC is worth the most as it was first to market.
Had ETH beaten it by a few years, ETH would be $50k now and BTC c.$1k

Anything bnb is crazy right now.

Rob2D wrote: »

Anyone else thinking KCS or GT could be similar???? Both already on a tear over the last couple weeks.....

KCS to ten dolla.

ThunbergsAreGo wrote: »

Is there any actual reason for this?

He makes an interesting point there in the video about the P2P stuff and CGT.....

Stormington wrote: »

KCS to ten dolla.

God damn it, why didn't I take my own advice instead of going to bed last night?! KCS killing it.

Damn this frail body:pac:

cnocbui wrote: »

Let me be very clear: I have been planning on emigrating for several years, I am not geting carried away by current events in the slightest. This is the third country I have lived in, so I'm not new to this rodeo and would be more familiar with the practicalities than you, I suspect. I am not emigrating because of CGT, it's just a black forest cake with a metre thick layer of icing and a kilo of kirsch soaked cherries on top, served up by a scantily clad 10, with a naughty wink.

Revenue have no cause to lock my bank account, I pay all taxes that I should. I have not the slighest intention of selling any crypto until I am permanently living elsewhere. No tax dodging is intende or is going to happen.

To put it another way, bitcoin could fall to zero and it wouldn't change my plans in the slightest.

I'm curious about this- what would be needed to avoid paying CGT on a trading account? Could you register in say Belgium that has 0% CGT for trading, open a bank account there, and then setup a trading account from there with a Belgian social security number/PPS number?

Or would there be more to it than that?

Stop touching yourself wrote: »

I'm curious about this- what would be needed to avoid paying CGT on a trading account? Could you register in say Belgium that has 0% CGT for trading, open a bank account there, and then setup a trading account from there with a Belgian social security number/PPS number?

Or would there be more to it than that?

You would have to move to Belgium permanently. Any Belgian financial institution will report to revenue the details of transactions concernig Irish resident individuals who have dealings there.

It's all about your residential address and where you actually live. The same goes for any country that signed up to the new reporting protocols.

https://www.revenue.ie/en/companies-and-charities/international-tax/aeoi/what-is-aeoi.aspx

Mucashinto wrote: »

Reason I'm excited - are they any coins that are actually down atm? Outside of 24hr spells. Seem to be able to just pick any coin at random as an 'investment' and watch the price double.

****ing brilliant

Yea. It's definitely alt season. Throw your money at anything season and make more BTC...

Ninap wrote: »

Anyone else hoping for a BTC crash so that we can buy some more at an affordable price (and then wait while it goes back up again)?

If you didn't have the confidence to invest before, why would you after a crash!?

jmlad2020 wrote: »

Yea. It's definitely alt season. Throw your money at anything season and make more BTC...

Ah I can't handle it honestly. I'm too old and prosaic, can't adapt to it at all. As soon as the price starts dropping I turn into Peter Schiff - where is the revenue? why do the coins hold the value and not the business? blah, blah, blah.

The whole thing just doen't connect with me and I can't get out of that mindset, left behind by this new generation . Happy to play with profits at this stage and hopefully get out alive and sane.

*DO NOT TAKE THIS PART SERIOUSLY*

The main advice from the experienced posters here is "don't put anything in you can't afford to lose" and let me tell you - worst advice ever . If I'd left my stakes as they were...:rolleyes:

So that's my advice to any new entrants. Go down to the bank manager tomorrow, remortgage the house, the car, your granny, everything. Find some 19 year old on twitter enthusing about some coin, complete with 50,000 emojis, and lump the lot in. 'Invest' on Monday, retire on Friday :pac: :pac: :pac: