Sunday, May 18, 2025
Taiwan Sees Bitcoin As the Solution to Avoid Economic and Financial Disaster in the Event of an Attack by Xi Jinping’s China
Tax implications of Mt. Gox bankruptcy payout - stolen crypto from 2014
In 2024 I received a lump sum distribution from the Mt. Gox bankruptcy proceedings for Bitcoin that was stolen when the exchange collapsed in 2014. I then sold some but not all of this later in 2024. I'm confused about how to properly report this on my Canadian tax return. Is receiving the payout a taxable capital gains event and I report the entire amount? Or should I just report the amount that I've sold as capital gains since receiving it?
Thanks
AeroBud Update - May 18th, 2025
Space has been rescheduled to next week due to technical difficulties. However, a brief summary of what would have been discussed has been attached below.
If you have any questions, feel free to drop it in the comments below or join our discord and ask there!
discorg.gg/aerobud
- Market conditions: There is an astronomical amount of Fear and Uncertainty when the price hasn't broken, out, this is a positive sign. You've seen mass Stablecoins from some of the largest retailers, companies and credit cards. Institutional acquisition and acceptance of payments(meta, steak and shake) Sovereign wealth funds buying Bitcoin golden Cross Funding rates negative/most people are shorting Supply at an all time low Macd flipped bullish
- Website: Updated our v3 website and cleaned up some ui, added donation scrolling text, our animations, added our merch shop on the mainpage
- Video Game: Buds vs Fuds(Tower defense style game) - Will be ready by next Wednesday
- Nft v2: Collection/art is done, If you're looking for teasers join our community the team already has custom pfps and some of our topbuds do as well We're building the mint pad now, still primarily waiting for the best market conditions.
- Charity Impact Event: We plan on holding a large scale adoption event with base, coinbase, miggles and dogepound at around August.
- Onchain Summit: The team will be attending Onchain Summit in August, if you want to meet the team feel free to attend!
- Cexes: Targeting more cexes which initially include coinbase and kraken. As we grow so will our target list and cex list.
Canadian Bitcoin Conference Run Down - October 16th-18th in Montreal This Year
A Guide to this Week’s UK Bitcoin Meetups
A Guide to this Week’s UK Bitcoin Meetups
Saturday, May 17, 2025
Am I wrong to think Gold price is a bit unsual right now? perhaps even in a bubble?
as an outsider coming from stocks looking into gold, the way I see it is that current gold prices are highly unusual and way too expensive compared to its historically stable prices. in the past year, gold spiked because of uncertainties around Trump and his war on tariffs. You can directly track the increase in gold price around the time it became a very high likelihood that trump would be president (he has always promised tariffs). Once he became President 2025 this year, that uncertainty became a reality and, imo, he is directly causing this spike in gold with the many chaotic and volatile decisions he has made in just 5 months time. So, in my view, Gold is currently inflated and in a bubble. I dont think gold being over 3k was ever sustainable short term. long term, sure, but this short of time? no, that is way too artificial looking, and if it stays that way or even goes to 4k this year, then to me that is more of a indicator of how fucked of a direction the dollar and the country is going. Gold should NOT rise that much that fast.
Again, this is just my opinion, but in November gold was only 2.6k, and in 6 months it rose by 1k to as high as 3.6k? in another 6 months are we to expect it to keep going up? I dont think thats a good thing if it did, unless you already own gold i guess, and even then, it means the dollar is weakening, so you wouldnt sell your gold anyways. But with it starts retracing back down to 2.6k? I also dont think that is a good thing, because then it would look as volatile and untrustworthy as crypto. I think gold is in a bubble that it should not ever be in, and its ready to pop. Gold should NOT be this volatile, its almost behaving like bitcoin with its high ups and downs. Its suppose to be stable with gradual returns. The chart should reflect this if we are not using bias years from 2020 until now. 2020 was a black swan event, free money, a global pandemic, people flocked to gold for safety as they should have. but go out another 5 years, to 10 years, and you can see how stable gold actually has been since 2012-2019. infact, it had a pretty big pull back in 2013.
All im saying is, this could go to 4k, or it can go back to 2.5k, and gold should NOT make those kinds of moves so QUICKLY. People should not be fomoing into gold unless the world is ending, which it isnt.