what do you think you are taxed on then? remember the tax system works on where you are tax resident, not where you physically locate (though normally the same). if you dispose of assets overseas you are still liable for taxes in UK if tax resident. lots of precedent is set with currency and...
completing records for tax purposes is a very special experience. i've been trying to make staking show properly, lots of manual additions, tweeks, placeholders to cover the odd stuff. in the end get to something that looks right and defendable. it doesnt help that some contracts will swap...
that's clever until John down the road spots your new Lambo and make a phone call to HMRC. declaring and paying the 20% is lot easier, and you get to write off the loses along the way.
or just buy Any Inu on the thesis 1) the ticker is AI, everyone is buying AI, and 2) it comes up second result when searching for AI crypto coins, 3) it's available cross chain.
they might do some functionality too. easy $1bn by summer.
not if you buy on the secondary market. you are providing liquidity to that market, an exit for the other holders. most the markets are trading and producing this liquidity, not the initial captial raise. the utility is the market, without which it would be more risky to provide the initial...
i had a large unrealised loss from the top last cycle, but having put very little in probably not what you are thinking of. there are plenty of failures, usually from exuberance, overconfidence or mis-timing the market (buying at the top).
which coin? BTC? there are many others. one day you realise the utility of crypto is to fund projects and be traded, that in itself creates utility. most of the financial markets are much the same, turning over trillions of value moving stocks, bonds, currencies around, many times more than...
you'll need some online crypto tracker with tax report. like Koinly or Recap. setup an API key (simple enough, loads of guides) for each exchange. you could setup manual imports based on exported csv from the exchanges, thats a ball ache unless you want to alter things.
for on chain just...
there's no pressure on funds to invest into anything. they have their investment strategy, their analysts pick accordingly. a pension fund wants regular returns so will be picking bonds and high dividend stocks. a growth fund want high capital increase so will be investing in latetst tech...
the next financial crisis will be from the huge, ever-growing government debt being built up by countries. just like early 2000's looks like we've dodge major recession, in the next decade politicans will convince themselves there's some new economic alchemy.
SEC approved the ETF's yesturday.
dodgy press and manipulation of prices happens in other markets. this is no more poisonus than investing in mineral exploration.
you'll be able to buy Bitcoin in your ISA or SIPP, or at least USians will in their equivalent for now. opens up a very large pool of investors, they only need to put in odd % for that to lead to large billions to flow in.
you might already be too late if not reporting last couple of years, here goes.
you need to know you dont just count the money into crypto exchanges and coming out. you count every single crypto transaction, treated as an asset sale. as assets they come under Capital Gains Tax, not income. if...