#Bitcoin
#Bitcoin_news
#Bitcoin_account #Bitcoin_price_today
In this video Coti 15x coin for march 2021, I'll go through the the whole events & news of coti with technical analysis & used coinmomo to see event & news for coti.
Visit our site: https://www.youtube.com/watch?v=63k6hGSkuCs&t=20s
I'm trying to get my head around the capital tax in the UK. I understand that the capital gains tax isn't for the value of the bitcoin traded for fiat, but for the profit gained from what was put in.
I have three main questions that I'd like some help with.
1) how to I calculate how much I need to pay, if I'm investing by DCA. Do I just check what the price was when I bought the bitcoin? But If I have bought over multiple weeks, then I have bought in for different prices.
2) The UK capital gains tax free limit is £12000. So does that mean that I can avoid paying any capital gains tax if I realise less than £12000 from by holdings each tax year?
3) can I increase the amount I can claim tax free by transferring to my wife a portion of the amount? Say I'm wanting to buy £20000 fiat from my holdings, can I transfer £10000 to my wife for her to cash out since transferring cryptoassets to spouses are not taxable events?
Any help would be greatly appreciated.
Hi guys,
I have been posting charts over on the LTOnauts Telegram channel and a few users suggested that I create a Reddit post showing some of my analysis.
Before we get started, here is what this is NOT:
However, this IS:
Keep in mind that technical analysis on a low cap market such as LTO/USD can be wrecked at any moment by whales making big moves or Bitcoin moving the entire crypto asset class in extreme ways.
Alright, let's dive in!
Upper and lower trends on the daily chart.
Zooming out on the daily charts shows a few lower trend lines across time for LTO/USD. Currently, LTO price action is bound in an overall upward trend between lower and upper bounds. As you can see, the bottom trend line has been re-set three times so far on the daily chart. This is great news as it shows exponential growth.
There is another project whose chart that shows a similar lower trend pattern. Perhaps you have heard of...
I find this interesting because I have often compared LTO's growth potential to that of Chainlink. Both are projects that feature a utility token that is available for retail investors to purchase and required for customers to use the service. This token is used for each transaction that is completed, and an increase in transactions has a positive impact on price. I'm not saying that LTO is necessary going to see a price increase upwards of 30,000% like LINK has, but it is a comparison to consider.
Closer view at our current daily trend.
You'll notice that there is a dotted green line on this chart. This was a previous upper bound that has since been broken by our previous two All-Time Highs (ATH). This is good news, as the next ATHs may continue to re-print the upper bound that we can use for this daily trend. Often a trip to the top of this channel will be followed by a visit near or to the bottom.
However...
Yellow line = a potential new daily trend line
Though most trips to the top of the channel are usually followed by downward movement, our most recent ATH has actually resulted in several days of accumulation and push back toward the top. The yellow line in the preceding chart shows that there is potentially a new daily trend forming. I do not believe this this will be a long term daily trend (I'll show you why when we follow these trends out to the end of 2021).
However, let's look at possibilities at this point in time.
I said we would take a look at where these trend lines land at the end of the year (EOY)...
EOY prices for each trend line.
To be clear, this is a very dubious exercise. These trends can change between now and the end of 2021. Keep in mind that whales and the behavior of Bitcoin can sweep all of this off of the table quite easily.
Notice that the yellow trend line brings us to a price of $652 EOY. This is why I do not think this line is a reliable long-term trend, but rather a more short-term trend within the context of the more established daily trend.
However, the other prices shown here may be more realistic. $28.65, $22.05, $15.25, and $0.27 are all within the realm of possibility, especially as the LTO Network experiences positive fundamental events, such as the expansion of the UN Land Registry, DIDs, integration of Chainlink, a possible U.S. exchange listing, and many others that I am surely missing.
If you are still here, thanks for following along!
I have some follow-up charts that I will post in the coming days that are related to this longer term view. I post more short term analysis almost every day over in the LTOnauts Telegram channel, so feel free to join us over there if you would like to see more!
Tl;Dr Don't fret about short term price action too much. Zooming out shows that we will experience up and down movement, but the overall trend is very bullish indeed.
When I first decided to invest in Bitcoin, I knew no better than to use Robinhood so I put a bunch of money in thru RH. After learning more about crypto, how it works and the whole point of it over the last year or so, I realized I made a mistake. You live and you learn, at least I didn’t do the same with ETH lol.
If I sell the Robinhood Bitcoin holdings to buy and hold my own coins, it’ll create a taxable event so I’ll lose a chunk of the $. Was anyone else in this situation and how did you proceed?
TLDR in the end
First of all, let me start by saying that im not a financial expert nor a financial advisor. This is not financial advice.
Second, a big thank you to everyone in r/CryptoCurrency. Great community! The amount of education I was able to get in a short amount of time, is also thanks to many of you! Im converting most of my personal wealth to crypto and Im already on the works to change pretty much 100% the way my company works. Professional/Social world is now a digital experience, that has many implications and I couldn't just remain still while the whole world around me is shifting.
(ok, lets start)
Because we are reaching the end of the Dollar/debt monetary system. GMR. What does this mean? Global Monetary Reset. The last one was in 1971. Some information about it:
1971 GMR Facts
Before the 1971 GMR
After the 1971 GMR
Reasons for the 1971 GMR
1971 GMR Impacts
Now for some perspective, lets also check out some actual numbers and charts.
M1 Money Stock - https://www.tradingview.com/symbols/FRED-M1/
What Is M1?
M1 is the money supply that is composed of physical currency and coin, demand deposits, travelers' checks, other checkable deposits, and negotiable order of withdrawal (NOW) accounts. M1 includes the most liquid portions of the money supply because it contains currency and assets that either are or can be quickly converted to cash. However, "near money" and "near, near money," which fall under M2 and M3, cannot be converted to currency as quickly. Investopedia
Great. Now lets look at our baby.
Bitcoin - https://www.tradingview.com/symbols/BTCUSD/
Bitcoin is a type of cryptocurrency. There are no physical bitcoins, only balances kept on a public ledger that everyone has transparent access to. All bitcoin transactions are verified by a massive amount of computing power. Bitcoins are not issued or backed by any banks or governments, nor are individual bitcoins valuable as a commodity. Despite it not being legal tender, Bitcoin is very popular and has triggered the launch of hundreds of other cryptocurrencies, collectively referred to as altcoins. Bitcoin is commonly abbreviated as "BTC." Investopedia
Great. The charts had a huge spike, almost correlated I guess. Lets not make assumptions here! Ok, lets look at some more data.
The Greatest Wealth Transfer In History - https://www.forbes.com/sites/markhall/2019/11/11/the-greatest-wealth-transfer-in-history-whats-happening-and-what-are-the-implications/ - Nov 11, 2019
Over the next two decades, the United States will experience an unprecedented shift of demographics and finances that will likely be felt by every American.
Baby Boomers, the generation of people born between 1944 and 1964, are expected to transfer $30 trillion in wealth to younger generations over the next many years. This jaw-dropping amount has led many journalists and financial experts to refer to the gradual event as the “great wealth transfer.”
In no prior time in the history of America has such a vast amount of wealth moved through the hands of generations.
Bitcoin is 'more a substitute for gold than the dollar' — Fed Chair PowellWhile Bitcoin (BTC) is too volatile to be money and is "backed by nothing," it could be a "substitute for gold," said the chair of the United States Federal Reserve.
Speaking at an event hosted by the Bank for International Settlements, or BIS, on Monday, Jerome Powell delivered frank comments in response to a question on cryptocurrency. Source
For now, we have a Money stock chart that looks similar to Bitcoin chart, which means that there is a correlation with the increase amount of money in the world and the growing of bitcoins market cap. The younger generation are the "Bitcoiners", and at the same time we will witness The Greatest Wealth Transfer In History. Then, Fed Chair Jerome Powell is already saying it might be a substitute for gold...
Automation & Job loss StatisticsMore than 25% of jobs in the US are experiencing high levels of disruption due to automation.
This figure amounted to 36 million jobs in 2016, with more than 70% at high risk of being replaced by automation. The same research on jobs at risk of automation found that 36% of American workers face medium-level exposure to these disruptive technologies by 2030, while 39% – or 57 million jobs – will face low-level exposure. Source
I believe we are already in the middle-end stages of the transition of monetary system. Its not meant to be a 1 day thing. And if we think that when they are FOMOing, we are being a bit naive imo. Changes with gigantic proportions like a monetary system reset takes years until its in place. So now, let me remind you of the massive corporation and institutional adoption of Bitcoin during 2020 and in the start of 2021, it is only getting faster and wider. Now, lets also remember the fact that Bitcoin's 2024* halvening will dramatically decrease the Bitcoin supply, just like last year.
I am honestly OVERWHELMED by how far the crypto world has evolved. The amount of good ideas in the space is mind blowing. What I see hapenning in the future? DeFi is bringing a new economy. A new way of work, A new way of getting value. Its not money anymore, its cryptocurrency. Examples of this:
(...)
Again, im not a financial expert nor a financial advisor. This is not financial advice. Im not a professional at this but I consider having an "accurate" view of how the world works and, from all the signals we've been getting, I have no doubts anymore.
TLDR: Global Monetary Reset incoming, go back to the top and read the post. Not trying to be provocative but helpful! Do your own research.
Please, if you have read this whole thing leave your opinion, I would really like to discuss this perspective with other people. Thank you for your time!
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Hypothetically, say Bitcoin collapses for reasons that do not apply to Ethereum. Will Ethereum implode as well due to coupling in the market and the general deleveraging mayhem that ensues? Or, is Ethereum sufficiently decoupled to weather or even benefit from an event like this?
What are your thoughts?
