strengthfreak
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Now that I have a way to purchase it I want to throw a few dollars here and there into the markets. Any advice boys?
Still there lol. Just riding through the bearish cycle. I’m a long term investor, been accumulating mostly but I also do a bit of swing tradingEveryones gone quiet lol ??
ANyways if anyones interested.. Bitcoin is going off! and Ethereum is getting alot of attention. I took the plunge with both of them. Lets see how we go
I'm in the same boat!Still there lol. Just riding through the bearish cycle. I’m a long term investor, been accumulating mostly but I also do a bit of swing trading
so u buy a set amount then just let it ride?...Everyones gone quiet lol ??
ANyways if anyones interested.. Bitcoin is going off! and Ethereum is getting alot of attention. I took the plunge with both of them. Lets see how we go
100%, you can sit on it for as long as you want. So when you buy crypto and hold onto it without selling, you don't pay taxes until you sell it. When you do sell, you're taxed on the profit. If you've held the crypto for more than a year, you can get a 50% discount on the capital gains tax. If you sell it within a year, you pay the full capital gains tax. We never get away from the ****en taxes lolso u buy a set amount then just let it ride?...
Also.. how does tax work on this later ?
Spot on, I think also apart from converting back to AUD/selling and incurring any CGT, if you swap out, say ADA for SOL etc, it is the same effect and will incur CGT also.100%, you can sit on it for as long as you want. So when you buy crypto and hold onto it without selling, you don't pay taxes until you sell it. When you do sell, you're taxed on the profit. If you've held the crypto for more than a year, you can get a 50% discount on the capital gains tax. If you sell it within a year, you pay the full capital gains tax. We never get away from the ****en taxes lol
I meant 100% certainty.With the US election around the corner, I can say with almost 1005 certainty, that we will experience some volatility. Trump is pro crypto and his victory could be great for us traders
Can you recommend any coins?With the US election around the corner, I can say with almost 1005 certainty, that we will experience some volatility. Trump is pro crypto and his victory could be great for us traders