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Sorry this was in response to @sydney and his expectation that crypto can be a tax black hole. You are correct and in fact cryptotaxcalculator a Koinly rival is Australian, which suggests that the Aussie tax authorities are approaching this along similar lines to the UK.

Apologies for a few unanswered posts. Still banging away at my tax returns, slowly piecing together the missing information inc Kucoin. Yes it will be nigh on impossible for HMRC to challenge anything half sensible submitted. No HMRC are not taxing realised profits, as otherwise you could...

This has to be one of the best cryptocurrency put downs I have seen. The missing table is included in an image below. https://www.forbes.com/sites/stevenehrlich/2024/03/27/the-rise-of-cryptos-billion-dollar-zombies/

Entered my own personal hell, of trying to produce a crypto trading report for HMRC. I have spent days on this and it is frying my brain. I am trying to follow the guidelines, but it is almost impossible. Anyone else tackling this and struggling? I seem to be paying a price for being a dabbler...

Look at that ponzi go

This amply demonstrates why it is easy to make "money" in a favourable market, but it counts for nothing until you take the cash and pay the tax man!

Maybe 20 years ago, I worked with a super intelligent young American on a huge salary and we had a lengthy discussion around gun control. He let on he had a bolt hole in the wilderness in case of civil war, with a hidden stash of valuables and ammunition. I can't imagine it happening, but I also...

So are you buying drugs? in the real world striking up a meaningful conversation around cryptocurrency is almost a complete non-starter, hence I really value the insight I get from exchanging views here. Apologies if that comes across as arrogant, but the real world utility thing has been done...

I am pretty sure I posted on here when my portfolio was down 78% and there have been many posts where people have taken big hits. I think a lot of people like @GloryDays above cut their losses and moved on.

Firstly apologies for not answering the question. I think it is missing the point. Very little Bitcoin is traded. People are sitting on it; As insurance against the US government going bust. Strangely from a British persepctive many Americans would genuinely welcome this. or as protection...

I have posted real life use cases on many occasions on this thread. People either don't read or don't understand them. I guess from your perspective this will be the case right up to the point where HR announce next months payroll will be in cumrocket. I can assure you this isn't going to...

It is quite interesting to gauge the general lack of interest and cynicism around all things crypto, despite the very obvious signs of things starting to really take off. I suspect that we will have a lot more people paying attention towards the end of this year, when it is possible that the...

and the world keeps turning Tom.

There is a compromised version of the ledger connect kit in circulation, which is draining wallets. Even if you don't have a ledger be wary when connecting to any Dapps and be sure to double check anything you are going to sign. It operates as a popup which overlays the genuine request. Some...

I guess you will just have to wait for them to launch their mainnet and then see.

Did you mine these? https://coinmarketcap.com/currencies/pinetwork/#Markets

https://cryptoslate.com/lark-davis-denies-accusations-of-dumping-on-his-followers/ Here is where you can follow Zachxbt on X. Genuinely one of the good guys. Tracks down rug pulls, exploits and seedy influencers and explains how it is done.

I was expecting this thread to be a little busier by now, what with Bitcoin smashing through the $40k barrier and still rising. Personally I am expecting a bit of a pull back from here and have sold around 10% of my portfolio. I don't have a great trading record predicting the market. In the...

Have been very fortunate to have jumped on the Kaspa gravy train having taken a haircut on QRDO. At the start of the year I cut my losses on QRDO and bought Kaspa. It is now my biggest holding from a small start and I have twice sold chunks of around 20%. It has grabbed a lot of attention...

I don't know anymore than anyone else, but my best guess is not long before another dip. My exit date is before end of 2025 and I still think there is the possibility of big gains in that timeframe.