I don't believe in skimming profit off the top. Be greedy.
it ain't free, it's someone else's cash.
Oh and I agree, crypto is going to be fantastic for us over the next 4 years, all that money piling in
Is anyone else feeling very uneasy with the messing Trump is at with his shitcoins? This is the first time in a long, long time that I've thought about cashing out completely. There is a lot of mania with the two coins. It's a blatant pump and dump that will end in tears for many and I fear it will tarnish the entire crypto ecosystem. It seems to have dragged in a whole cohort of people who aren't usually peddling in shitcoins.
Is this what he will be at for the next four years, wheeling out shitcoins and promoting instability? I was optimistic that we were in for some steady gains with the administration allegedly promoting crypto, but I ain’t liking what I’ve seen over the last couple of days.
It has sucked some of the liquidity out of alts but it was the same a few weeks back when memes took off, the size of these have shaken the market but we will get back to normal fairly soon, I’m not a memecoin fan at all but they are short term money printing investments when getting in anywhere near early enough so it’s difficult to pass up the opportunity.
At the end of the day this is what it’s like having a pro crypto president, I had thought Trump would just mention crypto/bitcoin here and there to keep that section of voters happy, but he’s front and centre now and if he drives BTC price 200k and beyond with a strategic reserve then fcuk it he can have as many sh1tcoins as he likes. I don’t think people fully understand this, if trump goes all in on BTC then the rest of the world follow, this has the potential to be epic.
Most of the next 4 years will be a bear market unless it drastically changes behaviour which it hasn’t since it started
I suppose this is part of my issue - there is no sign of an Executive Order dealing with crypto amonst the hundred or more of those that Trump is set to sign this week. Plenty of time for him to launch shitcoins, but nothing concrete on a crypto strategic reserve. You'd have to wonder if he just sees crypto as a milking machine to fether his own nest.
There are huge market expectations now built in based on his vague crypto policy. If it just amounts to launching shitcoins and memeing then we could be in for a bleak couple of years when the dust settles and the pump and dumps deflate. A lot of work has been done to dispel the 'wild west' notion of crypto in recent years but this makes a bit of a mockery of those efforts, tbh.
Rumours abound Trump is going to create a list of US Government approved Crypto's made in the USA that will not be subjected to CGT in the USA, if true we can expect these crypto's to pump like crazy and those not on the approved list will dump hard.
If in the USA why buy crypto not on the approved list that is subject to CGT ,it will kill off non US crypto in one fell swoop.
Its will completely corner the market and have it dominate by US crypto, unless the rest of the world follows suit and abolishes CGT on crypto.
Fingers crossed its true and CGT is abolished, might take a few months but the EU will have to do the same or be left behind.
Ah that BTC dip last night was enjoyable. Got out last Thursday at 104k. Spotted it at 99k last night so I jumped back in. A nice gain to wake up to on a Monday morning:)
EU would never do this even if it was legislated in US. Why would governments in europe care about crypto if they're not making money off it in tax themselves?
The idea would be to help the crypto industry create jobs. You might not tax it with CGT but certain services will move to the blockchain and you can have VAT, income tax, etc on that.
However you would need to believe that crypto has a future which I think many in Europe do not but will surely slowly change to follow in the US's footsteps. Be too late by then of course.
you mean coins probably already bought by some folk in the inauguration room?
just incase anyone reading this thinks it's a good idea. don't do this.
but theirs only a few coins with a proper team behind them. I dunno which were made in the US but this alledged approved list will be just another meme pump list.
everyone seems to have forgotten this guy already had 4 years.
Not a whisper about crypto in Trump's inaguration speech. Just about everything else you can think of was covered, including colonising Mars! Interesting to say the least.
Let’s not forget what this guy said before about crypto. What’s more likely: he studied the economics or someone told him he could make money off it himself? When all this junk becomes legal tender at Mar Lago, then I’ll be impressed.
I can’t see how there will be a sustained bull run for four years, obviously the fin-tech bros are getting into the inner circle and the wan from the consumer protection agency will get the elbow, but there is still just a limited number of bag holders. I don’t doubt people on here will make money, I would just like them to be honest about how it’s made.
I can only see 1 person saying this...with a YouTube vid.
BTC isn't American
Eth isn't
chain link isn't
dunno what is
Years back talk of a double spend on the blockchain would make it go down, then Musk bad mouthing it would make it go down. Now it not being mentioned is making it go down. So many headwinds to get through…
Right but previously Trump was on the fence or relatively quiet about crypto. Now he's front and centre about it, including launching his own shitcoins just before inauguration.
Typically I was expecting another generic bear after last Jan/Feb because there was nothing to create/build hype. All that changed when a) Trump was headed back in and b) Is in full crypto mode
As long as he remains in full pro-crypto mode then I'm fairly bullish about the next 4 years.
patience folks, announcing a strategic bitcoin reserve whilst up on stage with the world watching will mean 2 things, the price you pay will increase drastically and all other countries can front run you.
BTC who knows? NSA?
ETH basically run by ConsenSys in Dallas and JP Morgan is behind the curtain
Chainlink based in San Francisco
Algorand is Boston
HBAR is Dallas
Oasis is San Francisco
Ripple is San Francisco
a16z and other US Venture Capitalist own the lions share of many crypto companies, cant see a problem if the US goes down this road, plenty of US crypto to endorse
Imagine Paddy has some crypto that went from €500 to €5000, cash out in Ireland and pay 33% CGT and then 23% VAT when he spends it or some USA holiday company that will allow you to travel to the states , pay for flight and accommodation with crypto and cash out the rest for spending money.
You are going to go to USA and cash out and spend the money over there, the EU countries wont get any CGT/VAT and the USA tourist industry will clean up and their economy gets a nice boost from money coming in from abroad.
If USA scraps CGT for approved Crypto the EU will have to do the same or loose out
Google search has link head company based in the Cayman islands, eth foundation is in switzerland. Ripple is US alright.
To many billionaires connected to all these.
Chainlink Labs is 100% USA
ETH foundation is tax related, ConsenSys and JP Morgan are the shot callers and they are 100% USA
Money follows money
I don't see how you can morally exempt crypto gains from CGT without exempting all investment gains from CGT.
cant do this with the 3 year rule.
I'm pretty sure its from this month that all European countries have all data from European crypto exchanges now aswell.
That's still a taxable disposal of the entire amount for Irish resident taxpayers.
It’s called incentive, something we Irish have never seen in this tax happy country.
who did you vote for?
I refuse to take part in democracy, when we change to meritocracy I will then participate.
Incentive to what? Why should tax be levied on stock gains but not crypto? "Incentive" isn't really an answer and i am curious as to whether there's a solid logic as this is something i do see from time to time.
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