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etienne_marais
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Apparently we can thank the Chinese for the strength of Bitcoin over the last period.
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The Bitcoin Thread
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jacosmit
Expert Member
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Don't be lasist! Thank the Japanese as well!
etienne_marais
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True. Seems there is a lot of investment (buying BTC) by the Chinese while the Japanese are accepting BTC as payment for goods/services.
So are you saying if you can prove you bought low and sold high, SARS would only hit with capital gains tax?
RaptorSA
Executive Member
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- Sep 2, 2008
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Man .. this article on Luno is insanely intreresting, don't have time now to read the whole thing but I thought I'd share it in case anyone hasn't seen it popping up in their Luno feed, yet:
Beyond the Blockchain
https://www.luno.com/blog/en/post/beyond-the-blockchain
Beyond the Blockchain
https://www.luno.com/blog/en/post/beyond-the-blockchain
Alton Turner Blackwood
Honorary Master
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You guys need to consider adding ZCash as well. I hear some good things about it, ironically I have no spare to cash to pump into it now, so the only option is to mine like a mofo!
Archer
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CGT only applies to assets held for longer than 2 or 3 years...
So yes, if you held it long enough CGT would apply. But just like shares if you trade actively they treat it as normal income once you sell the shares.
Thank you
jacosmit
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Yes, but read up alot.
Thanks, I'm not sure which sources to read up from though. Each source will give info to suit their agenda, not giving the pitfalls so to speak. So, you read up on Luno for example, it's easy to get started and jump right in. Basically, all I understand is that the bottom could fall out tomorrow, so don't put money in you can't afford to lose.
jacosmit
Expert Member
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A good point to start is this thread and the parent thread it came from. Luno have a lot of good articles. Then there are links to articles posted in this thread (and it's origin thread).
I also found good to reading at www.cryptocompare.com and 99bitcoins.us (Nice training videos).
I also found good to reading at www.cryptocompare.com and 99bitcoins.us (Nice training videos).
Thor
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Reading up is important, don't let the profits (or rather promises of. Profits) cloud your vision
Fulcrum29
Honorary Master
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I have never used the 'simple' exchanges, today since I didn't want to move too much to Bittrex I decided to exchange through ShapeShift on Exodus, but it is taking forever since this morning. How long does ShapeShift take to exchange BTC to ETH?
Fulcrum29
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My Pending Confirmations are done, but it is stuck on Awaiting Exchange. My BTC has already moved out of my wallet to the ShapeShift address. I don't want to bother the devs until there is a real issue to be concerned about, many are trading for ETH today.
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