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Bitcoin and other Crypto

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EdisonCavani View Drop Down
Kevin Kilbane
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Post Options Post Options   Thanks (0) Thanks(0)   Quote EdisonCavani Quote  Post ReplyReply Direct Link To This Post Posted: 16 Feb 2021 at 12:41pm
Correct. Income tax, prsi and usc due on dividends though.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote the_walls Quote  Post ReplyReply Direct Link To This Post Posted: 16 Feb 2021 at 2:25pm
So just to be clear, if you start an investment with a bank or similar financial institution, you only need to pay CGT, you don't need to pay any other tax?
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Zinedine Kilbane 110 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Zinedine Kilbane 110 Quote  Post ReplyReply Direct Link To This Post Posted: 16 Feb 2021 at 2:30pm
Originally posted by the_walls the_walls wrote:

So just to be clear, if you start an investment with a bank or similar financial institution, you only need to pay CGT, you don't need to pay any other tax?

Ask for an accumulation ETF which reinvests the dividends so you will only pay CGT.

In the UK you can open an ISA, invest 20k each year and never pay any income or CGT. 
Or a child’s ISA, the upper limit is 9K per annum. Never pay any tax. 

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Post Options Post Options   Thanks (0) Thanks(0)   Quote the_walls Quote  Post ReplyReply Direct Link To This Post Posted: 16 Feb 2021 at 2:34pm
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Post Options Post Options   Thanks (0) Thanks(0)   Quote colemanY2K Quote  Post ReplyReply Direct Link To This Post Posted: 17 Feb 2021 at 10:03am
I find this whole bitcoin thing very strange. I bought £5 worth a month ago for the craic. Just to see what would happen.

It dipped a bit in its first week but has since just gone on a crazy upward trajectory. Now the £5 is worth £6.98 at this very moment in time. I assume all profits are tax deductible? 

It's all so strange. It feels like betting on red or black at a roulette table. Any minute now I fear the arse will fall out of it. 
"One of the dominant facts in English life during the past three quarters of a century has been the decay of ability in the ruling class." Orwell, 1942.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Shedite Quote  Post ReplyReply Direct Link To This Post Posted: 17 Feb 2021 at 10:31am
Originally posted by colemanY2K colemanY2K wrote:

I find this whole bitcoin thing very strange. I bought £5 worth a month ago for the craic. Just to see what would happen.

It dipped a bit in its first week but has since just gone on a crazy upward trajectory. Now the £5 is worth £6.98 at this very moment in time. I assume all profits are tax deductible? 

It's all so strange. It feels like betting on red or black at a roulette table. Any minute now I fear the arse will fall out of it. 
Sure it's the same thing they've been doing with Gold for donkeys years, if more people want it tomorrow than today, then the price will be higher tomorrow. If everything else in our world is gone digital, why wouldn't assets.
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Zinedine Kilbane 110 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Zinedine Kilbane 110 Quote  Post ReplyReply Direct Link To This Post Posted: 17 Feb 2021 at 10:41am
Originally posted by Shedite Shedite wrote:

Originally posted by colemanY2K colemanY2K wrote:

I find this whole bitcoin thing very strange. I bought £5 worth a month ago for the craic. Just to see what would happen.

It dipped a bit in its first week but has since just gone on a crazy upward trajectory. Now the £5 is worth £6.98 at this very moment in time. I assume all profits are tax deductible? 

It's all so strange. It feels like betting on red or black at a roulette table. Any minute now I fear the arse will fall out of it. 
Sure it's the same thing they've been doing with Gold for donkeys years, if more people want it tomorrow than today, then the price will be higher tomorrow. If everything else in our world is gone digital, why wouldn't assets.

Explained here 

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Roy Keane
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Post Options Post Options   Thanks (0) Thanks(0)   Quote colemanY2K Quote  Post ReplyReply Direct Link To This Post Posted: 17 Feb 2021 at 10:45am
Originally posted by Zinedine Kilbane 110 Zinedine Kilbane 110 wrote:

Originally posted by Shedite Shedite wrote:

Originally posted by colemanY2K colemanY2K wrote:

I find this whole bitcoin thing very strange. I bought £5 worth a month ago for the craic. Just to see what would happen.

It dipped a bit in its first week but has since just gone on a crazy upward trajectory. Now the £5 is worth £6.98 at this very moment in time. I assume all profits are tax deductible? 

It's all so strange. It feels like betting on red or black at a roulette table. Any minute now I fear the arse will fall out of it. 
Sure it's the same thing they've been doing with Gold for donkeys years, if more people want it tomorrow than today, then the price will be higher tomorrow. If everything else in our world is gone digital, why wouldn't assets.

Explained here 

cheers, will give it a look later on. 

i guess it comes down to whether you're risk averse or not. if it had the backing of a central bank then i'd be more inclined to dive in. its hard to fathom how bitcoin is valued if there's nothing behind it other than a limited supply. 

EDIT: Just watched the video. f**k that!!! seems like a sure fire way to lose the shirt off your back LOL


Edited by colemanY2K - 17 Feb 2021 at 11:04am
"One of the dominant facts in English life during the past three quarters of a century has been the decay of ability in the ruling class." Orwell, 1942.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote 9fingers Quote  Post ReplyReply Direct Link To This Post Posted: 17 Feb 2021 at 11:26am
Trading @ €42.5k now. 
Musks 1.5billion investment a week or so ago will have made serious money 
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Zinedine Kilbane 110 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Zinedine Kilbane 110 Quote  Post ReplyReply Direct Link To This Post Posted: 17 Feb 2021 at 11:41am
Originally posted by 9fingers 9fingers wrote:

Trading @ €42.5k now. 
Musks 1.5billion investment a week or so ago will have made serious money 


Tesla stock is down 6% last 5 days.
That’s nearly 50bn gone from Market Cap. 
When your market cap is 3/4 of a Trillion you don’t look at the millions. 

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cildaratown View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote cildaratown Quote  Post ReplyReply Direct Link To This Post Posted: 19 Feb 2021 at 5:00pm
What do you think about ETH? Coming close to $2k.
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cildaratown View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote cildaratown Quote  Post ReplyReply Direct Link To This Post Posted: 20 Feb 2021 at 4:14pm
$56k now. Crazy. Any signs of coming back down?
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Zinedine Kilbane 110 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Zinedine Kilbane 110 Quote  Post ReplyReply Direct Link To This Post Posted: 20 Feb 2021 at 5:17pm
Originally posted by cildaratown cildaratown wrote:

$56k now. Crazy. Any signs of coming back down?

The US have a 2tn stimulus package coming over the next few weeks so everybody gets 1,400 cash so I think demand will be good.

Also with the US printing loads it devalues the ccy so companies may decide to hold funds in Bitcoin as a hedge.

However it really could be $100k or $1k this time next year. 
It’s high risk, expect huge swings up and down. 

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Shedite View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Shedite Quote  Post ReplyReply Direct Link To This Post Posted: 20 Feb 2021 at 7:52pm
Originally posted by Zinedine Kilbane 110 Zinedine Kilbane 110 wrote:

Originally posted by cildaratown cildaratown wrote:

$56k now. Crazy. Any signs of coming back down?

The US have a 2tn stimulus package coming over the next few weeks so everybody gets 1,400 cash so I think demand will be good.

Also with the US printing loads it devalues the ccy so companies may decide to hold funds in Bitcoin as a hedge.

However it really could be $100k or $1k this time next year. 
It’s high risk, expect huge swings up and down. 
Could be $100k by May the way things are going.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote McG Quote  Post ReplyReply Direct Link To This Post Posted: 23 Feb 2021 at 9:05am
Five of my holdings all went off a cliff overnight LOL
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AS YOU WERE McGx

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Zinedine Kilbane 110 View Drop Down
Jack Charlton
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Zinedine Kilbane 110 Quote  Post ReplyReply Direct Link To This Post Posted: 23 Feb 2021 at 10:56am
Originally posted by McG McG wrote:

Five of my holdings all went off a cliff overnight LOL

Judging by the stock market, it’s going to be a big cliff!! 



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Post Options Post Options   Thanks (0) Thanks(0)   Quote sausy Quote  Post ReplyReply Direct Link To This Post Posted: 23 Feb 2021 at 11:30am
Originally posted by McG McG wrote:

Five of my holdings all went off a cliff overnight LOL
 
You need a loan until payday?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Jackal Quote  Post ReplyReply Direct Link To This Post Posted: 23 Feb 2021 at 12:44pm
Originally posted by McG McG wrote:

Five of my holdings all went off a cliff overnight LOL
Elon Musk said something and then this happened.
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