Sunday, May 16, 2021

[Noob] Different "Receive" Amounts in ledgers

I just spend my first €50 on crypto and am already wondering about future taxes. I saw there is a discrepancy in the amounts received in the different fields.

In the image above amounts for Uniswap and Bitcoin Cash can be attributed to rounding errors, but Bitcoin shows both as 0.00012 BTC and 0.00013 BTC . That's a difference of about 8% !

Also, nowhere does it say the exchange rate. There is no receipt on the site, or PDF per E-Mail (as proof for taxation). I already requested the CVS-Exports. The amounts I received into my Kraken account are those on the left, but the transaction details say numbers that are bigger.

Thus in an event of taxation I will be taxed by what I can prove, even though what I received is less.

I also saw that even though I have spent €5 on each coin, for whatever reason the Fee for BTC was 1 cent less, and the amount 1 cent more, than any other coin. Is the fee for BTC different?

Where can I get proper documentation for the coins I bought? Do I make screenshots with every trade? I have read here https://support.kraken.com/hc/en-us/articles/360001184966-Kraken-does-not-provide-tax-forms-or-statements :

If you require a record of your balance or trade history, click here for instructions on how to export your data to a CSV-file.

We are currently unable to provide account history in pdf format.

So is the CVS-file the only proof that I purchased/sold anything? There is no receipt?

I apologize for nooby questions, am happy to be on board =)

Edit: my export just finished processing, the CVS file says I received
0.0049900000 BCH (rounding error)
0.1601500000 UNI (rounding error)
0.0001251400 BTC (again a completely different value)

I am not sure why the rounding errors are here. There are enough decimal points shown. The value for BTC is just completely different.


Gain 2X BTC now Big Event !!!!! (x-post from /r/Bitcoin)

https://www.reddit.com/r/Bitcoin/comments/ndtt7p/gain_2x_btc_now_big_event/

Supporting NFT Art

In support of worldwide artists, we intend to commission art, releasing a different 33Banshee character every month. Alongside this, we welcome the community's contributions, maybe you are an artist as well as a 33Banshee holder!

Alongside our Full Moon lottery, we will also be having Full Moon parties. Our community of 33Banshee holders will have the opportunity to vote for their favourite DJ for each Full Moon party. These Full Moon parties will be live-streamed. All holders of 33Banshee coin will have free access to these, with community chat and shout outs. Anyone wishing to attend our live stream events will just need to be a holder of 33Banshee.

Don't forget we are live on DxSale: https://dxsale.app/app/pages/defipresale?saleID=1154&chain=BSC

https://www.33banshee.net/

#NFT #nftart #nftcommunity #nftartists #fullmoonparty #fullmoonlottery #supportingartists #crypto #bitcoin #ethereum #ShibaCoin #safemooon #ECB #BNBDiamondCoin #BNB #GMR #raptor #SPOREFINANCE #AVAXUSDT #akita #BitTorrent #PancakeSwap #Binance #Tcake #Feta #XYO #HIT #elongate #HOKK #INU #33banshee #Coinmarketcap


The flippening could be the largest event to ever occur in cryptocurrency history

The flippening refers to a possible event where the market cap of an alt coin surpasses the market cap of Bitcoin.

Right now the most likely contender for this is Ethereum. If Ethereum was to double in price against Bitcoin (e.g. eth/btc reaches roughly 0.16) it’s market cap will surpass Bitcoin.

This event would likely be one of the most significant in cryptocurrency history.

What do you expect will happen to Bitcoin if this were to happen?


What should you do when bear comes?

I've seen a lot of newcomers in this sub asking similar questions. Is the bear market close? If yes, what should I do?

For the first question no one can predict the future, yes some technical indicators say that the market should still be green a little longer. Yes sentiment analysis shows that some of the fomo is dying out. But, just as in 2018 and even before it there will be one day when you wake up and everything is red ... Poeple will tell you to hold the line, they will tell you to buy the dip. But this time the dip will continue dipping, until eventually you starts seeing less posts and less comments in this sub and most people get bored and move on to something else.

What I would like to answer is the second question. If you think the bear market is coming, what should you do?

Step 1: Set up a plan. Do you need the money? how sure are you that the bear market is close? Do you plan on reinvesting in crypto when things are cheap?

Step 2: Get a target. The idea is to target a percentage of your portfolio that you want to sell based on your plan. Anything between 0% and 100% is ok. Did you reach your moon and are sure you don't want to reinvest in the near future, then you can choose 100%. Are you only comfortable with losing 50% of you portfolio, then get back the other 50% in fiat. Do you really don't care about this money and are unsure about bear market coming soon, then go for 0%. Your target should be chosen carefully, based on your analysis, your needs, and your future plans. Once this is done, if you did things right this target should not change later and you can move to step 3.

Step 3: If target is 0% just skip this step. DCA = dollar cost averaging. There are two components to your DCA. First the time component. You want to get to your sell target within a reasonable time frame. What I would advise new comers is to keep it simple. For instance sell the same % over a period of three months. Once each week. Mondays seems good for the price. The second component of your DCA is about which coins to sell. Generally the more gambly a coin is the more you want to sell of it. Historically altcoins crash harder than bitcoin in bear markets, and many, many small caps just go to 0. Once you start the DCA, try as much as possible to not deviate from your plan. If you did you research right, only a major unexpected event should change your target or which coins you want to sell.

Step 4: Do not be result oriented. Chance is inherant to markets. You did all the best choices given the information that you had. Maybe you sold a coin that mooned. Maybe you held everything and the market crashed. It does not really matter, as you couldn't anticipate the futur. You minimized the risk and maximized your expected winning. And although reality is always different from expectations, expectations is all we can compute.

The same method can be used if you want to enter the market. NFA btw.


DogeFest > Bitcoin 2021 Conference

Hello to whoever reads this!

If you don't know Bitcoin will have a conference in Miami on June 4th. They will have some celebrities like Tony Hawk (who you need to pay 2k to meet), super expensive party tickets, and my favourite something called Whale Pass 🐳 that costs 12k!!!

Idk I feel that this event it's wayyyyyyy to exclusive like I wish I was a part of it but even if I add all my money I won't be able to buy the entrance ticket.

This is why I love DOGE, it's definitely the peoples crypto I get it now!!!!

I feel like it would be a good idea if we create the first DogeFest, on the day of the launch of DOGE 1 first mission to the moon.

DogeFest would be a free event for everyone, full of food trucks that only accept doge, maybe a concert from any singer that's a fan of doge, information sites on how to include doge in your business, talks from famouse people and more...

And at the end of the day we can all see how SpaceX launches our satellite to the moon 🌝

Just an idea I had! Hope people like it!


List of Today's and Tomorrow's Upcoming Events

I will be bringing you upcoming events/announcements every day. If you want improvements to this post, please mention /u/houseme in the comments. We will make improvements based on your feedback.

 

https://kryptocal.com | /r/kryptocal | Android | iOS | Telegram Interactive Bot (add cryptocalapp_bot) | Telegram Channel @kryptocal

 

ADD AN EVENT

If you like an event to be added, click Submit Event, and we will do the rest.

 

NEXT DAY UPCOMING EVENTS


 

General

Dash(DASH) Reduction May 16, 2021
Cofound.it(CFI) 0x_Nodes IDO May 16, 2021
Bank Coin(BANK) Dutch Auction May 16, 2021
Origin Protocol(OGN) Youtube Live AMA May 16, 2021
Shield Protocol(SHIELD) BSC Mainnet Launch May 16, 2021
BlowFish(BLOWF) Telegram AMA May 16, 2021
ChainLink(LINK) Livestream Q&A May 17, 2021
Streamr DATAcoin(DATA) SIP-3 Voting Event May 17, 2021
ZenCash(ZEN) Weekly Insider #88 May 17, 2021
Swarm(SWM) Telegram AMA May 17, 2021
MANTRA DAO(OM) New ZENDIT Pools May 17, 2021
BSCPAD(BSCPAD) MILC IDO Sale May 17, 2021
Finance Vote(FVT) Resident Pool Launch May 17, 2021
Complus Network(COM) Matic Chain DEX Launch May 17, 2021
SafeGalaxy(SAFEGALAXY) Galaxyswap Launch May 17, 2021

 

Partnerships

ElonGate(ELONGATE) Charity Party Livestream May 16, 2021

 

Exchanges

NEM(XEM) Zaif Exchange Listing May 17, 2021
Golem(GNT) Coinsbit Listing May 17, 2021
Santa Coin(STC) Listing on ACDX Exchange May 17, 2021
PAX Gold(PAXG) Wazirx Listing May 17, 2021
Aavegotchi GHST Token(GHST) Kraken Listing May 17, 2021
Klever(KLV) Bitmart Listing May 17, 2021
Symbol(XYM) Zaif Listing May 17, 2021
Ampleforth Governance Token(FORTH) Bitfinex Listing May 17, 2021
Kishu Inu(KISHU) Kickex Listing May 17, 2021
Dogelon Mars(ELON) Bitmart Listing May 17, 2021
Memes Token(MEMES) Coinsbit Listing May 17, 2021
BitcoinVend(BCVT) Bitcoin.com Listing May 17, 2021

 

Software/Platforms

Selfkey(KEY) Desktop Wallet Release May 17, 2021