BITCOIN

thegentleway

Scottex99 said:

Happy to hear any decent suggestions, I'll do some googling when BTC is at $95k

I would suggest the high impact and cost effective charities (supported with lots of evidence) that GiveWell highlight:
https://www.givewell.org/charities/top-charities

[Deleted User]

HansOndabush said:

Bitcoin could go to any price $100K, $1m, anything which still would not prove it isn't just a bubble and might go to $0

Have fun staying poor then, while we enjoy our millions. There’s a sucker born every minute. 😄

P1

darren232002 said:

[Deleted User] said:

Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC) admitted that Bitcoin was a “store of value”.

What now? 🧐 World renowned experts on MSE forums said, that it has no intrinsic value and it's not good store of value. We should reach SEC chairman as soon as possible, he can't possibly be right about this. It's been fact checked by forum experts. 🤨

Gensler taught a course at MIT on cryptocurrency. The lectures are on YouTube and are a very good exploration of the subject. Him being appointed SEC chair has always been a good thing for Bitcoin, despite countless people on here still insisting that the government will ban it (which as already mentioned is impossible due to technical considerations and game theory implications anyway).

P1 said:

Remember Capital Gains Tax!  Its going to suck this year.  And the student loans

You only pay CGT when you sell or create a taxable event (trading it in for another asset). If you don't sell, you don't pay CGT. I have already stated on here that there are plenty of defi apps that will give you a 1% APR loan against your BTC if you need liquidity (At 25% LTV). My understanding is that this is not a taxable event.

The one thing I agree with Donald Trump on is that not paying taxes makes you smart. Sure, rich people pay nominally more tax; but as you go up the income ladder the average tax rate declines because people are more incentivised to find (legal) ways to reduce their tax bill.

If you have a considerable amount of BTC I would now be looking in to ways to minimise your tax liability on a time frame appropriate to your investment horizon. Personally, I am lucky to be able to have a job that I can do more or less anywhere in the world, so I will become tax resident in another country before disposing of significant chunks of my digital assets.

Portugal has 0% capital gains for cryptocurrency, but I'll be unable to bring funds back to the UK for 5 years.  In my 20's it would certainly make sense.  I'm about to turn 40.  Its a tough one.   It would be typical if everyone pays savage taxes this time, for the UK to then try and take advantage of regulatory arbitrage and be more tax friendly for cryptocurrencies over the next few years.

benbay001

[Deleted User] said:

HansOndabush said:

Bitcoin could go to any price $100K, $1m, anything which still would not prove it isn't just a bubble and might go to $0

Have fun staying poor then, while we enjoy our millions. There’s a sucker born every minute. 😄

Ive asked before and will ask again. Your new found millions will be coming from somewhere, so who is on the losing side of your transaction in this zero sum game?

Scottex99 said:

Happy to hear any decent suggestions, I'll do some googling when BTC is at $95k

A gambling charity would be the most appropriate.

HansOndabush

[Deleted User] said:

HansOndabush said:

Bitcoin could go to any price $100K, $1m, anything which still would not prove it isn't just a bubble and might go to $0

Have fun staying poor then, while we enjoy our millions. There’s a sucker born every minute. 😄

You're so brainwashed you can no longer think for yourself but only parrot the crypto mantra HFSP; sad really.

Scottex99

[Deleted User] said:

Scottex99 said:

Happy to hear any decent suggestions, I'll do some googling when BTC is at $95k

There's a good list here: http://pineapplefund.org/

Actually very cool.
I'd never dream of spending my BTC though haha, I'll use the sh1tty fiat in my bank account

[Deleted User]

IanManc said:

[Deleted User] said:

HansOndabush said:

Bitcoin could go to any price $100K, $1m, anything which still would not prove it isn't just a bubble and might go to $0

Have fun staying poor then, while we enjoy our millions. There’s a sucker born every minute. 😄

That comment might just come back to bite you.  🤨

 Why? I am not that dumb, I've invested in Bitcoin long time ago. Cashed out profits thousand times over already and I still have active position in Bitcoin.

HansOndabush is a sucker because he is crying here on forums for months now, had he invested then he would've been in profit hundreds of percent already. But for him it's somehow more rewarding to cry on forums.

[Deleted User]

HansOndabush said:

[Deleted User] said:

HansOndabush said:

Bitcoin could go to any price $100K, $1m, anything which still would not prove it isn't just a bubble and might go to $0

Have fun staying poor then, while we enjoy our millions. There’s a sucker born every minute. 😄

You're so brainwashed you can no longer think for yourself but only parrot the crypto mantra HFSP; sad really.

If I am so brainwashed why I literally retired in 2017 and I am self sufficient since then? Not so dumb after all. And I am not the one crying in this thread for months. I very rarely visit this, and similar topics. But you are daily visitor here, despite have nothing useful to say. You don't even understand how crypto works. I once or twice told you about Lightning you couldn't even grasp the idea how your so much hated Bitcoin can be actually used as currency.

HFSP applies to you very nicely, I can't help but notice.

TheMightySwordfish

Can't think of a use for any Crypto 🤔

Scottex99

Scottex99 said:

lardellion said:

Scottex99 said:

Happy to hear any decent suggestions, I'll do some googling when BTC is at $95k

There's a good list here: http://pineapplefund.org/

Actually very cool.
I'd never dream of spending my BTC though haha, I'll use the sh1tty fiat in my bank account

This might be one of the most crypto things i've ever seen in my life:

https://www.pineapplefund.me/

Not sure exactly why he needs 25 BTC now but I assume that was when the price was a lot lower than what it is now