Anyone keeping up with Crypto trends anymore?

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?
 
Nice :) Crypto's been blowing up lately... pretty soon there'll be no cash.... it's been all over the news... no more bloody tellers in bank and being quesitoned when pulling out cash.... **** that man. Just be careful bro. Yes, there's potential for big gains if you play it right. Me personally I've been eyeing Bitcoin and Ethereum! lol its also the only way to buy juice these days.
 
Yeah, those seem like solid choices. I've been hearing good things about Cardano and Solana too. Cardano's actually been making some moves lately. Might be worth checking out.
 
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 🙃
 
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 🙃
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
 
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
I'm in the same boat!

I've never really done any swing trading before.. I guess it'll keeps things interesting during times like this. I'm just hoping for a big bull run soon!
 
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 🙃
so u buy a set amount then just let it ride?...
Also.. how does tax work on this later ?
 
so u buy a set amount then just let it ride?...
Also.. how does tax work on this later ?
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
 
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
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.
 
Good read...

 
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
 
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