Is anyone else starting to become a bit excited?

stockshares · 21-10-2020 3:39pm

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 3:50pm

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 3:54pm

Addison Fancy Macrame wrote: »

(big green candle)

Ha ha.

stockshares · 21-10-2020 4:00pm

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 4:19pm

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 4:53pm

cnocbui wrote: »

Ha ha.

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

Lex Luthor · 21-10-2020 7:39pm

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 7:44pm

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 8:16pm

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 5:45pm

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

Dohnjoe · 22-10-2020 7:14pm

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 8:30pm

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 8:57pm

Addison Fancy Macrame wrote: »

Wasn't predictable at all :pac:

I was being optimistic :pac:

Kickstart1.3 · 22-10-2020 9:13pm

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 8:40am

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 1:55pm

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 8:11pm

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 9:07pm

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

Donegal1234 · 25-10-2020 9:12pm

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 9:08pm

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 3:09am

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 3:26am

Is XRP worth buying?

Bob24 · 27-10-2020 7:03am

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 9:40am

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

JohnnyFlash · 27-10-2020 1:54pm

Is Richard Heart involved?

Timmaay · 27-10-2020 2:10pm

Bob24 wrote: »

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.

I think CRO crashed because they dropped the 3month earn from 16% pa to 6%. My fear would be the price of CRO will crash more as people's 3month stakes come back into cash and they just flog them on.

Whelo79 · 27-10-2020 2:29pm

JohnnyFlash wrote: »

Is Richard Heart involved?

He has no involvement. It's an upgrade to the original Hex code with better economics and a much better owner/dev team.

Whelo79 · 27-10-2020 2:36pm

deathbomber wrote: »

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

It is more than "just starting" It has had 3 code and two economic audits by Hacken and Cirtek, It's launching this weekend, there is WAY more to be excited about than just a website.

Check out the white paper at the top of the hompage for a much clearer understanding re supply, purpose and potential www.axion.network

I'm not here to twist anyone's arm to buy, just a heads up on progress as I've been lucky enough to get in on some recommendations made by other posters here. It's up over 200% since my first post back in August and I've been consistently adding to my holdings.

Dohnjoe · 27-10-2020 2:55pm

Whelo79 wrote: »

It is more than "just starting" It has had 3 code and two economic audits by Hacken and Cirtek, It's launching this weekend, there is WAY more to be excited about than just a website.

Check out the white paper at the top of the hompage for a much clearer understanding re supply, purpose and potential www.axion.network

I'm not here to twist anyone's arm to buy, just a heads up on progress as I've been lucky enough to get in on some recommendations made by other posters here. It's up over 200% since my first post back in August and I've been consistently adding to my holdings.

Pick any project, someone is hyping it. That's because they bought in, and want others to buy in also, to increase the value of their holdings. These things live and die on "hype" because there usually isn't much else behind

As long as it's "attractive" to other hopium buyers and ticks all the right boxes then it's probably as good a buy as anything else that does all the same crypto things. Hex2T, as cryptos go, is another decent-ish crypto moon shot that could take off well or not. Depends a lot on the devs not abandoning/scam-cashing-out and other completely random factors which is so often the case with the smaller alts.

I had a friend finally stop hyping a project a year ago when it finally hit around -98% from ATH. It's a powerful drug

Whelo79 · 27-10-2020 4:13pm

Dohnjoe wrote: »

Pick any project, someone is hyping it. That's because they bought in, and want others to buy in also, to increase the value of their holdings. These things live and die on "hype" because there usually isn't much else behind

As long as it's "attractive" to other hopium buyers and ticks all the right boxes then it's probably as good a buy as anything else that does all the same crypto things. Hex2T, as cryptos go, is another decent-ish crypto moon shot that could take off well or not. Depends a lot on the devs not abandoning/scam-cashing-out and other completely random factors which is so often the case with the smaller alts.

I had a friend finally stop hyping a project a year ago when it finally hit around -98% from ATH. It's a powerful drug

You are spot on, but there is baseless hype and hype with substance, I personally believe Axion is there later.

You throw around the word "hopium" like it is an insult. What is life without hope? Some people hope today will be better than tomorrow, the next job will be better than the last job, iPhone 12 is better than it's predecessors, Amazon shares increase in price, to find their biological parents, Man Utd win the league this decade, to marry a supermodel, to win the lotto. Some of that hope is pipedreams and some is based on reason, knowledge and the outcome controllable to a certain level.

q85dw7osi4lebg · 27-10-2020 4:59pm

Bob24 · 27-10-2020 5:01pm

Timmaay wrote: »

I think CRO crashed because they dropped the 3month earn from 16% pa to 6%. My fear would be the price of CRO will crash more as people's 3month stakes come back into cash and they just flog them on.

Also US users all received CROs locked for 3 months as part fo the MCO->CRO swap programme, and those are about to be unlocked at the same time. I'd say that is a big enough batch of sales coming along. And then European and Asian users have the same thing be their CROs got locked for 6 months instead, so that is yet another batch of sellers in a few months.

Dohnjoe · 27-10-2020 5:48pm

1 hr, 24 hr, 7 day and 30 day all green for the top 10 and most of the top 100 (excluding Tether of course). Looking good.

Whelo79 · 27-10-2020 6:15pm

Addison Fancy Macrame wrote: »

The one month chart for BTC is beautiful.

We are teetering on a potentially huge breakout.

Lex Luthor · 27-10-2020 6:23pm

Ryzken wrote: »

Is XRP worth buying?

cost average in and put it away

there's a flare spark token airdrop on the 12th Dec and you will get minimum 1:1 Spark for each XRP
there is no value associated with the spark token as of yet

It could drive XRP demand up a bit coming towards the date who knows

I've got myself a bag and dont stress too much on them as they are one of the only crypto companies pushing for regulation and I think they are worth a gamble long term (5yrs)

FFVII · 27-10-2020 6:44pm

Whelo79 wrote: »

The one month chart for BTC is beautiful.

We are teetering on a potentially huge breakout.

It's around this price that there was a big sell off the last time isin't it?

Whelo79 · 27-10-2020 10:33pm

FFVII wrote: »

It's around this price that there was a big sell off the last time isin't it?

This time last year it hit around the current price and dropped off.

Whelo79 · 27-10-2020 10:42pm

Bullish

https://coinfomania.com/microstrategys-bitcoin-gains-exceeds-3yr-earnings/

Bob24 · 27-10-2020 10:44pm

FFVII wrote: »

It's around this price that there was a big sell off the last time isin't it?

I believe last year it was rejected around 12000 USD. Now we are around 13700, so quite a bit further.

Also it was the end of a sharp 3 months short term bull run starting below 4000 USD, whereas currently we seem to be in a more long term uptrend.

Not saying the above means there can’t be a big sell-off. But IMO the technical setup is completely different.

Whelo79 · 27-10-2020 10:45pm

Extra Bullish

https://dailyhodl.com/2020/10/27/jp-morgan-says-bitcoin-going-head-to-head-with-gold-btc-price-will-double-or-triple-if-modest-crowding-out-occurs/

cnocbui · 27-10-2020 10:45pm

FFVII wrote: »

It's around this price that there was a big sell off the last time isin't it?

The last time, taking you literally, it was just above $12,035, so no, we are past that this time.

Donegal1234 · 27-10-2020 10:48pm

Whelo79 wrote: »

This time last year it hit around the current price and dropped off.

Yea it hit 14k then Coinbase pro crashed and it dropped by 1k in 5 minutes.

This time looks different especially since it’s after the halving and company’s such as square,PayPal getting involved.

cnocbui · 27-10-2020 10:49pm

Whelo79 wrote: »

Extra Bullish

https://dailyhodl.com/2020/10/27/jp-morgan-says-bitcoin-going-head-to-head-with-gold-btc-price-will-double-or-triple-if-modest-crowding-out-occurs/

3 times current prices would be nice.

Bob24 · 27-10-2020 10:51pm

Whelo79 wrote: »

Bullish

https://coinfomania.com/microstrategys-bitcoin-gains-exceeds-3yr-earnings/

It will definitely get some discussions started in boardrooms.

Now, I have to say I also think it makes Microstrategy a bit confusing as an investment. I.e. are you buying a BI software provider, or a cryptocurrency hedge fund? (and to be a bit provocative: if crypto earnings keep largely outperforming the company’s main business in the next few years, from a shareholder’s perspective isn’t the best use of the company’s capital to shut down the main business and fully turn it into a hedge fund?)

Is anyone else starting to become a bit excited?

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