Is anyone else starting to become a bit excited?

Did we just end up in after hours?

mamaz wrote: »

I keep saying I'll put money in but it's always going up so feel like I need to wait until there's a correction/dip before I really invest.

Might put money into my Degiro first and then look at crypto later? Don't know what to do!

Dollar cost average your way in. That solves that problem for you.

makeorbrake wrote: »

Dollar cost average your way in. That solves that problem for you.

It's the way to go, seriously, especially now as Market corrected a fair bit but Eth 2.0 has yet to launch.
If it drops you just continue DCA in.

DCA into Eth and BTC ,maybe IOTA and a few DeFi coins.

A little update on the project that will make me rich

Axion has pushed back the launch date of its main net as they have been accepted for audit by Certik (www.Certik.io) The option was put to the community to proceed as planned or delay by up to 10 days to go through the Certik audit and the community voted for the latter.

Certik are one of the top blockchain audit firms around, coupled with the audit already completed through Hacken this should give real confidence in the quality of the codebase.

Main net launch is now expected at the end of October/start of November.

AngryLoner wrote: »

Just chucked 1 ETH into this. When Moon? When Classic pre-67 VW Beetle?

When other people pay more than you did for the same bells and whistles solution to a problem that doesn't exist

Remember, now that you've bought some, you now have to convince others to buy, which as you can see is relatively easy

Any alt outside the top 100 that isn't run by complete morons/scammers has a lottery shot of going big, and the current model of getting people to hold their artificial tokens (in order to keep price) by enticing them with the promise of other artificial tokens and arbitrary returns seems a fairly popular one

With this one though I can't seem to find the team behind? that's a bit of a red-flag right off the bat..

Dohnjoe wrote: »

When other people pay more than you did for the same bells and whistles solution to a problem that doesn't exist

Remember, now that you've bought some, you now have to convince others to buy, which as you can see is relatively easy

Any alt outside the top 100 that isn't run by complete morons/scammers has a lottery shot of going big, and the current model of getting people to hold their artificial tokens (in order to keep price) by enticing them with the promise of other artificial tokens and arbitrary returns seems a fairly popular one

With this one though I can't seem to find the team behind? that's a bit of a red-flag right off the bat..

Join the discord, one of the most open, transparent and community incorporated projects I've ever seen.

What problem is Axion trying to fix??

Nobody has to convince anyone to buy anything. Such nonsense. The project will stand for itself and it goes where it goes.

The whole community was given the option to vote on what steps to take here as well as many others. It's a solid project when people didn't vote to proceed with main net launch asap. The community was also given the option to launch mainnet and proceed with Cirtek audit at the same time but they chose the audit first.

Where do people get their info for these coin launches?

Axion goes aprx x33 from here if this trend continues!

Addison Fancy Macrame wrote: »

Bought a bucket more corn.

Corn? For a moment you had me thinking there that you invested in some altcoin

Wouldn't it be nice if for just once, after topping €10K, the whales didn't do a big dump?

stefanovich wrote: »

What the feck happened to CRO?

Some big fish decided it was time to leave the little fish hanging?

stefanovich wrote: »

I might be able to avoid CGT this year :pac:

I plan to emigrate and avoid it for all years.

stockshares wrote: »

Is there a recommended exit strategy? The CGT is severe.

Go live in Portugal for a couple of years.

stockshares wrote: »

Is there a recommended exit strategy? The CGT is severe.

Mine is dependant on sorting a typical Irish legal mess then I will sell up asap and then move to NZ.

CGT isn't the principal motivator, but Irish taxation in general is.

Bob24 wrote: »

Out of interest: what is the trigger for not being liable for CGT in Ireland anymore and how long does it take? (I assume just the fact of moving or even starting employment there doesn't remove CGT liability in Ireland instantly - it would sound too easy)

Is it once a full calendar years has passed whereby you were outside of Ireland more than 50% of the time during that year?

It's 3 years that Revenue think they can lay claim to a capital gain on an asset acquired while living here, if you can believe that sh1t.

In practical terms, once you set foot in the other country you can give Revenue the finger and realise your capital gain as there is nothing they can do about it so long as you don't set foot in Ireland for 10 years. If you don't want them to know about it, you will have to wait until you can satisfy the requirements for opening local bank accounts with a local adddress, then Revenue will not know if you dispose of foreign asssets or crypto.

Breaking...


Paypal to add crypto.

makeorbrake wrote: »

Breaking...


Paypal to add crypto.

Link already shared a few posts ago ... but yes this could be pretty big! :-)

stefanovich wrote: »

They need to stop with the bad surprises for sure!

I had left that aside in my thinking for now as I rather like what they have been doing, but TBH I have some reservations about the CEO.

He likes to introduce himself as a successful entrepreneur, but from what I can tell his last company which was indeed a reasonably successful Groupon clone in Asia did go bankrupt fairly shortly after he exited (i.e. if I get it right he wasn't in charge anymore so he could argue others made mistakes, but the timing of ihis departure raises questions). And he does seem to still be influenced by this type of promotional business he was running before, with constantly changing offers and trial and error in terms of what customers will accept.

stockshares wrote: »

So are you saying you need to move first and then you can cash out your Crupto into an Irish Bank Account?

Is the bank required to notify revenue of the lodgement?

No, I was assuming you would be cashing out to a foreign bank account. For instance, if you plan to emigrate to Australia, NZ and probably others, you can set up a bank account before you leave, which would have restrictions on withdrawals and other operating parameters until you can provide a confirmed local address, whereon the account gets regularised. This is so you can sell your house here and transfer your assets to the account before you leave.

That said, you probably could cash out to an Irish account so long as you are confident you could get the money transferred out and overseas before someone comes looking for their cut. I believe an Irish bank is obliged to report large incoming transactions to Revenue.

The reporting obligations under CRS are that if you have a foreign bank account, that bank is obliged to report large deposits to the country where the account holder has their residential address, but once the residential address changes and becomes a local address, then there are no CRS obligations, only local reporting obligations to that countries authorities. So if you have any intention of setting foot in Ireland within 10 years, then it would be wise to wait to cash out to a foreign account after the residential address of the account is no longer an Irish address.

stockshares wrote: »

Thanks,

I would imagine that the Bank notifies Revenue immediately .

If someone does manage to transfer to the Foreign Bank before Revenue can claim the CGT would they still be liable for the CGT?

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.