Bitcoin Thread

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gustavo07 said:
So we have an ETF approval early Jan 2024, interest rate cuts in 2024, the halving in April 2024 and elections in November 2024... Yet you still expect prices to go lower... God bless your soul sweet summer child.

Best pray for a black swan of some sort
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Agreed if you are still not convinced buying Coinbase will also be a great tradw
 
backstreetboy said:
What goes up must come down.
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100% AGREE!
This is the way of nature... Law of thermodynamics and whatnot...
But humour me this:
This time around how high you think it could 'possibly' go before coming back down?
Current XBT price: 42K
just off the top of your head... how high it 'could' go before crashing again?
 
CryptoserA said:
100% AGREE!
This is the way of nature... Law of thermodynamics and whatnot...
But humour me this:
This time around how high you think it could 'possibly' go before coming back down?
Current XBT price: 42K
just off the top of your head... how high it 'could' go before crashing again?
Click to expand...
Put another way:

Current price ~ $42,000
if we go down 30% ~ $30,000
if we go to ATH ~ $68,000
if we dump on blackrock ~ $wHaT iF...

/
q is:
Do i take the 60% upside now, or wait for a 30% discount?
guess what? you can buy some here, and keep some cash for when/if it goes lower!
 
CryptoserA said:
Do i take the 60% upside now, or wait for a 30% discount?
guess what? you can buy some here, and keep some cash for when/if it goes lower!
Click to expand...
Disclaimer: I'm not a financial advisor and this is not financial advice!

imo:

- if you have a bunch of cash on the side aka "dry powder" and/or not as much BTC exposure as you'd like then start building up more BTC holdings from now until post halving

- if you don't have dry powder sitting around OR already have as much BTC exposure as you can tolerate then HODL until it dips post-ETF approval and climb in with the view of getting out post ATH / a few months post halving
 
Priapus said:
Well, my stuff in a Luno account. (As a Staff member I pay zero fees) - when I get to the other side, I was just going to change country on the app to UK - provide details. Link to new UK account and cash out if need be.
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My understanding is that isn’t possible.

Luno would essentially be assisting you in dodging exchange controls, which they won’t want to be seen as doing of course.

So you’d need to love it elsewhere, create a new Luno account in the UK and then move it back.

As far as I know you can’t just change country on the App.
 
Buy Tether, don't exchange for FIAT because that's when it becomes "real" and SARS can tax you.

That's how I see it at least.
 
NarrowBandFtw said:
Disclaimer: I'm not a financial advisor and this is not financial advice!

imo:

- if you have a bunch of cash on the side aka "dry powder" and/or not as much BTC exposure as you'd like then start building up more BTC holdings from now until post halving

- if you don't have dry powder sitting around OR already have as much BTC exposure as you can tolerate then HODL until it dips post-ETF approval and climb in with the view of getting out post ATH / a few months post halving
Click to expand...
My view (as a NOT FINANCIAL ADVISER) is that if your networth is under $1MM you have no business holding XBT.

i-like-putting-all-my-eggs-in-one-basket-and-then-.png

/
My plan is to:
get exposure to the most explosive growth asset of our lifetime (XBT)
load up on massive upside, high risk, BETA (Alts)
manage risk by bet sizing (Allocation)
 
NarrowBandFtw said:
Disclaimer: I'm not a financial advisor and this is not financial advice!

imo:

- if you have a bunch of cash on the side aka "dry powder" and/or not as much BTC exposure as you'd like then start building up more BTC holdings from now until post halving

- if you don't have dry powder sitting around OR already have as much BTC exposure as you can tolerate then HODL until it dips post-ETF approval and climb in with the view of getting out post ATH / a few months post halving
Click to expand...
Instructions not clear. Where do I buy "dry powder" and will I be arrested.
 
CryptoserA said:
My view (as a NOT FINANCIAL ADVISER) is that if your networth is under $1MM you have no business holding XBT.


/
My plan is to:
get exposure to the most explosive growth asset of our lifetime (XBT)
load up on massive upside, high risk, BETA (Alts)
manage risk by bet sizing (Allocation)
Click to expand...

famous last words of a blown-up degen

OR

Invaluable advice with empirical evidence?
 
Iamn0tageek said:
Buy Tether, don't exchange for FIAT because that's when it becomes "real" and SARS can tax you.

That's how I see it at least.
Click to expand...
nope exchanging any crypto for any crypto or anything for that matter is a BARTER transaction and is 100% a taxable event.

The thing is to get sars on your side, use it to your benefit get them to fund things.

Need a PC for trading set it off against your profits, need a cellphone, against profits, obviously only if used for trade but thats easy enough stop thinking they are the enemy, EVADING tax is playing with fire get caught hello 200% penalty including interest etc. just not worth it will rather sleep well at night.

Please dont get me wrong we all hate paying tax but there are ways about paying less tax 100% legally.


Fav tax quote - in terms of SA tax law

"A taxpayer has the right to arrange his tax affairs within the constraints of the law to his best advantage to pay the least amount of tax."
 
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