Bitcoin Thread 2 Satoshi

oh good, we're back to the usual "make up any old BS to explain crypto prices" game ...

believe it or not today's dip has nothing to do with ByBit's mega-loss, but rather Trump's potential tariffs on Europe
because as we all know: a liquid, permissionless, tradable 24/7 asset that answers to no government cares so much about country X threatening country Y ... o_O

www.coindesk.com

Bitcoin (BTC), Broader Market Dips After Trump Plans to Put 25% Tariff on E.U.

Bitcoin and S&P 500 both fell to their session low after Trump talked about tariffs at his first cabinet meeting on Wednesday.
www.coindesk.com www.coindesk.com
 
NarrowBandFtw said:
so ... who's buying this tariff dip and when are you doing it? :cool:
Click to expand...
selfish bastids not helping us spot the bottom I see! ... in any event, Grok3 did a thing, what do you think?

1744190924924.png
1744190969032.png

1744191013522.png

PS: this is not financial advice and I'm no "finfluencer"!

basically asked it to help construct something similar to https://www.coinglass.com/bull-market-peak-signals but with the intent to spot the bottom of a correction, of course assuming it is a correction in what remains a bull market
 
Last edited:
I am only curious whether there will be an altcoin season this time around. The last one didn't really come with the BTC pump.
 
Anyone used crypto or bitcoin to buy stuff or Amazon? Heard you can buy vouchers of certain websites but never tried it.
 
Smiggles said:
SARS is not going to care about the can of coke you purchased with a few satoshi.
Click to expand...
its the argument of "HODL" that falls flat if you start using it to buy a few cans of coke. Dont let a few cokes shift it from CGT to income tax...
 
Snyper564 said:
just fyi every purchase like this triggers a taxable event dont let buying stuff like this mess up CGT vs income tax long term holds
Click to expand...

Thanks yeah have differnt accounts, the one I use for Hodl i never touch so its easy to proce GCT. Happy yo pay income tax on rest as there was a lot of trading and want to take some profit and buy a few items of amazon us
 
L-Dog said:
Thanks yeah have differnt accounts, the one I use for Hodl i never touch so its easy to proce GCT. Happy yo pay income tax on rest as there was a lot of trading and want to take some profit and buy a few items of amazon us
Click to expand...
um... sars might take a different view to yours. Just cause they different accounts doesnt mean you will have CGT on one and income tax on the other.

For example if you bought BTC 2012 and held 5 for 13 years but you also trade frequently over this period its very unlikely that the 5 you held would be seen as CGT.

if this is anything of real value would be best to check
 
Snyper564 said:
um... sars might take a different view to yours. Just cause they different accounts doesnt mean you will have CGT on one and income tax on the other.

For example if you bought BTC 2012 and held 5 for 13 years but you also trade frequently over this period its very unlikely that the 5 you held would be seen as CGT.

if this is anything of real value would be best to check
Click to expand...

Yeah might be true but it always comes down to intension. I am holding BTC and ETH in a sepperate account but buying and trading with many other coins on a different account. I guess it would be up to me to prove my intensions with sars but who does one check with Sars or your tax expert ?
 
L-Dog said:
Yeah might be true but it always comes down to intension. I am holding BTC and ETH in a sepperate account but buying and trading with many other coins on a different account. I guess it would be up to me to prove my intensions with sars but who does one check with Sars or your tax expert ?
Click to expand...
spot on intention is the key word here. you would check ahead of time with your tax person
 
You must log in or register to reply here.
Back
Top
Sign up to the MyBroadband newsletter
X