june-july marks the start of the BIGGEST altseason to date

[Foreverbrad]

Should have just sold when SOL hit 200, it never comes back fast after this kind of drop.

 

[Foreverbrad]

Posted on wrong thread.

 

[JovenCansao]

It is over

 

[PsychoDsk]

It is over

Only just begun
What is it with healthy pullbacks and normies freaking out and panicking

 

[Seth Walsh]

Waiting for trends.

 

[Foreverbrad]

Well, it crashed. Catastrophic losses in SOL for me. Sentiment around crypto is so bad now and normies are no longer interested, they just pump nvidia.

 

[PsychoDsk]

Well, it crashed. Catastrophic losses in SOL for me. Sentiment around crypto is so bad now and normies are no longer interested, they just pump nvidia.

Not really
It only just started

This pullback was obvious
Some alts just got destroyed for no reason

I agree tho, normies are still far away from crypto
Think we just might actually run into winter on most alts due to seasonality and the treasury bubble not fully ready yet

Small pump and dumps into september, bad september and parabolic october-dec

Altseason has started tho
U were probably just in the wrong alts

 

[PsychoDsk]

Well, it crashed. Catastrophic losses in SOL for me. Sentiment around crypto is so bad now and normies are no longer interested, they just pump nvidia.

High timeframe
We’ve seen nothing yet and it only just started

 

[Foreverbrad]

Fucking over, all my money in the bin. Going to have to wageslave until I’m 45. Should honestly just rope now.

 

[tuberculosisinmybal]

I'm a HTF trader so don't come up with your bullshit 'b...b...but u said altseason would start in may'. kill yourself buddy boyo

Lately I've been on a roll and catched every move on bitty with 100% accuracy.

Do yourself and ur family some good and prepare

@Alex_mentalcel Let's do a bet, u said altseason won't be happening.

U decide $

Anyone else wanna bet? I'm feeling like gambling

View attachment 3806996

Tell me sum currencies to buy

 

[keife]

I'm a HTF trader so don't come up with your bullshit 'b...b...but u said altseason would start in may'. kill yourself buddy boyo

Lately I've been on a roll and catched every move on bitty with 100% accuracy.

Do yourself and ur family some good and prepare

@Alex_mentalcel Let's do a bet, u said altseason won't be happening.

U decide $

Anyone else wanna bet? I'm feeling like gambling

View attachment 3806996

And wtf do I do with this info

 

[kingofkings]

Fucking over, all my money in the bin. Going to have to wageslave until I’m 45. Should honestly just rope now.

High leverage trades gone wrong?

If you're in spot or low leverage just wait it out bro

 

[PsychoDsk]

Not really
It only just started

This pullback was obvious
Some alts just got destroyed for no reason

I agree tho, normies are still far away from crypto
Think we just might actually run into winter on most alts due to seasonality and the treasury bubble not fully ready yet

Small pump and dumps into september, bad september and parabolic october-dec

Altseason has started tho
U were probably just in the wrong alts

View attachment 3979043View attachment 3979044

Update

Bottom was in

 

[PsychoDsk]

Update

Bottom was in

View attachment 3988561View attachment 3988564

Close to some dopamine again boys

 

[PsychoDsk]

Should’ve listened

 

[PsychoDsk]

Update

Bottom was in

View attachment 3988561View attachment 3988564

I love it when I’m right

 

[Foreverbrad]

ETH is mainly doing well and shoring up my SOL bags, I would have been able to get out if I had sold ETH and SOL independently at their tops rather than waiting for my overall profit target. Hopefully I can still get out before it all collapses, only need another 10% rise or so.

All this to make £3k

 

[PsychoDsk]

ETH is mainly doing well and shoring up my SOL bags, I would have been able to get out if I had sold ETH and SOL independently at their tops rather than waiting for my overall profit target. Hopefully I can still get out before it all collapses, only need another 10% rise or so.

All this to make £3k

U have a couple more weeks to print before some pullback bro
Nov-dec should be another 2 good months.

We’ve seen nothing yet on eth and alts
U can prolly just chill

I have 6.5k eth soon and 135-151 btc as targets

I would also rotate some sol bags into utility

 

[Foreverbrad]

U have a couple more weeks to print before some pullback bro
Nov-dec should be another 2 good months.

We’ve seen nothing yet on eth and alts
U can prolly just chill

I have 6.5k eth soon and 135-151 btc as targets

I would also rotate some sol bags into utility

Would you consider MSTR, MARA or COIN good plays for the rest of the year? I am finding MARA attractive due to the lack of NAV premium and the mining business being valued at essentially zero but it is habitually underperforming BTC and MSTR.

I’m only allowed to play with pocket money trading crypto directly due to the bad taxation situation in the UK. We also are restricted from ETFs.

 

[Seth Walsh]

ETH is mainly doing well and shoring up my SOL bags, I would have been able to get out if I had sold ETH and SOL independently at their tops rather than waiting for my overall profit target. Hopefully I can still get out before it all collapses, only need another 10% rise or so.

All this to make £3k

The real unspoken thing is how much MSFT stock is gonna boom in the next 5 years.

 

[PsychoDsk]

Would you consider MSTR, MARA or COIN good plays for the rest of the year? I am finding MARA attractive due to the lack of NAV premium and the mining business being valued at essentially zero but it is habitually underperforming BTC and MSTR.

I’m only allowed to play with pocket money trading crypto directly due to the bad taxation situation in the UK. We also are restricted from ETF

Brutal uk-pill

Uhhh
Yea, dk bout mara tho
Imo treasury companies have a good while before imploding
SBET is a good one
Don’t know about the rest

Don’t think COIN will perform as much as some of these treasury companies

 

[jeremyy]

I'm a HTF trader so don't come up with your bullshit 'b...b...but u said altseason would start in may'. kill yourself buddy boyo

Lately I've been on a roll and catched every move on bitty with 100% accuracy.

Do yourself and ur family some good and prepare

@Alex_mentalcel Let's do a bet, u said altseason won't be happening.

U decide $

Anyone else wanna bet? I'm feeling like gambling

View attachment 3806996

ITS AUGUST

 

[PsychoDsk]

ITS AUGUST

It started early july

 

[PsychoDsk]

When this thread made all of you money
Remember me as the most sentient, sexy, miserable, angel trader.

 

[KeepCopingLads]

When this thread made all of you money
Remember me as the most sentient, sexy, miserable, angel trader.

You'll never leave my mind Bhai
Pause.

 

[C3PO]

When this thread made all of you money
Remember me as the most sentient, sexy, miserable, angel trader.

still buy eth?

 

[lilxder2]

Should have just sold when SOL hit 200, it never comes back fast after this kind of drop.

 

[lilxder2]

 

[PsychoDsk]

ETH is mainly doing well and shoring up my SOL bags, I would have been able to get out if I had sold ETH and SOL independently at their tops rather than waiting for my overall profit target. Hopefully I can still get out before it all collapses, only need another 10% rise or so.

All this to make £3k

Sol is free under 200
Eth is free under 5

Higher for both over q4

 

[Foreverbrad]

Sol is free under 200
Eth is free under 5

Higher for both over q4

Already crashing.

I’m literally being wagecucked, trapped at the office for another 2 hours and no access to crypto on my phone while it plunges below my sell target again.

 

[PsychoDsk]

Already crashing.

I’m literally being wagecucked, trapped at the office for another 2 hours and no access to crypto on my phone while it plunges below my sell target again.

Why would you sell

 

[User28823]

Sol is free under 200
Eth is free under 5

Higher for both over q4

 

[Foreverbrad]

Why would you sell

I would have to pay 28% tax if I let my positions run further this year.

 

[Foreverbrad]

I was gonna give it a chance to run up and just accept the tax shit but stop loss triggered today at my £3k profit target. At least it’s tax free.

MARA now valued at less than its bitcoin treasury, I don’t see how this makes sense at all.

UK investors will be allowed to trade Crypto ETN in the tax-free ISA from October, but I am not sure this is a worthwhile product compared to the Bitcoin ETFs like IBIT.

There is a question of whether it’s better to use shitty instruments to stay tax free or just trade directly crypto and accept the 28% gains tax.

 

[KeepCopingLads]

I was gonna give it a chance to run up and just accept the tax shit but stop loss triggered today at my £3k profit target. At least it’s tax free.

MARA now valued at less than its bitcoin treasury, I don’t see how this makes sense at all.

UK investors will be allowed to trade Crypto ETN in the tax-free ISA from October, but I am not sure this is a worthwhile product compared to the Bitcoin ETFs like IBIT.

There is a question of whether it’s better to use shitty instruments to stay tax free or just trade directly crypto and accept the 28% gains tax.

holy shit i forgot about taxes
im investing in altcoins but its under my dads name
so how do taxes in crypto work? or could you send me a link to a video?
(yes im in uk)

 

[Foreverbrad]

holy shit i forgot about taxes
im investing in altcoins but its under my dads name
so how do taxes in crypto work? or could you send me a link to a video?
(yes im in uk)

Taxable Gains:
1. Every time you either sell a crypto or swap it for another crypto it’s a taxable event.
2. The taxable profit is “sell price minus buy price minus fees”
3. If you’re trading a crypto-crypto pair, you have to convert the value into GBP at the time of the trade for the tax calculation purposes.
4. Converting currencies like USD-GBP is also a taxable event.

Allowances and rates:
5. There is a £3000 tax free allowance for profits.
6. If your overall income is less than £50k including the gain the tax rate is 18%
7. If overall income exceeds £50k the rate is 28%

Reporting:
8. If you exceed the £3000 you must register for and complete tax self assessment. Also if you exceed £50k in total sales (not profits).
9. Crypto exchanges will report your activity to HMRC so you are likely to be fined if you don’t do the self assessment.

Specific to you:
10. If your dad has any other investments he sells during the year this also will count towards the same threshold. HMRC basically just consider crypto as a type of stocks.

 

[KeepCopingLads]

Taxable Gains:
1. Every time you either sell a crypto or swap it for another crypto it’s a taxable event.
2. The taxable profit is “sell price minus buy price minus fees”
3. If you’re trading a crypto-crypto pair, you have to convert the value into GBP at the time of the trade for the tax calculation purposes.
4. Converting currencies like USD-GBP is also a taxable event.

Allowances and rates:
5. There is a £3000 tax free allowance for profits.
6. If your overall income is less than £50k including the gain the tax rate is 18%
7. If overall income exceeds £50k the rate is 28%

Reporting:
8. If you exceed the £3000 you must register for and complete tax self assessment. Also if you exceed £50k in total sales (not profits).
9. Crypto exchanges will report your activity to HMRC so you are likely to be fined if you don’t do the self assessment.

Specific to you:
10. If your dad has any other investments he sells during the year this also will count towards the same threshold. HMRC basically just consider crypto as a type of stocks.

I'm only 16
I don't understand shit
Ah well, not my problem

 

[KeepCopingLads]

Taxable Gains:
1. Every time you either sell a crypto or swap it for another crypto it’s a taxable event.
2. The taxable profit is “sell price minus buy price minus fees”
3. If you’re trading a crypto-crypto pair, you have to convert the value into GBP at the time of the trade for the tax calculation purposes.
4. Converting currencies like USD-GBP is also a taxable event.

Allowances and rates:
5. There is a £3000 tax free allowance for profits.
6. If your overall income is less than £50k including the gain the tax rate is 18%
7. If overall income exceeds £50k the rate is 28%

Reporting:
8. If you exceed the £3000 you must register for and complete tax self assessment. Also if you exceed £50k in total sales (not profits).
9. Crypto exchanges will report your activity to HMRC so you are likely to be fined if you don’t do the self assessment.

Specific to you:
10. If your dad has any other investments he sells during the year this also will count towards the same threshold. HMRC basically just consider crypto as a type of stocks.

Wait so I should be noting down the GBP value every time I buy or sell or convert
What if I didn't get to note down yet, do I check history or something?

 

[KeepCopingLads]

Taxable Gains:
1. Every time you either sell a crypto or swap it for another crypto it’s a taxable event.
2. The taxable profit is “sell price minus buy price minus fees”
3. If you’re trading a crypto-crypto pair, you have to convert the value into GBP at the time of the trade for the tax calculation purposes.
4. Converting currencies like USD-GBP is also a taxable event.

Allowances and rates:
5. There is a £3000 tax free allowance for profits.
6. If your overall income is less than £50k including the gain the tax rate is 18%
7. If overall income exceeds £50k the rate is 28%

Reporting:
8. If you exceed the £3000 you must register for and complete tax self assessment. Also if you exceed £50k in total sales (not profits).
9. Crypto exchanges will report your activity to HMRC so you are likely to be fined if you don’t do the self assessment.

Specific to you:
10. If your dad has any other investments he sells during the year this also will count towards the same threshold. HMRC basically just consider crypto as a type of stocks.

3k is the max tax free amount
So what is the timeframe that a new profit counts?
Like selling a few coins on day one gets you 3k
(Hypothetically)
Then next day it's 1k profit
Is the 3k profit at once or over a period of time ?

 

[Foreverbrad]

3k is the max tax free amount
So what is the timeframe that a new profit counts?
Like selling a few coins on day one gets you 3k
(Hypothetically)
Then next day it's 1k profit
Is the 3k profit at once or over a period of time ?

It’s per tax year. It’s an incredibly low limit unfortunately but the uk government can’t stand to see poor people try to stop being poor.

I'm only 16
I don't understand shit
Ah well, not my problem

Yeah it’s your dads problem

 

[KeepCopingLads]

It’s per tax year.

Mmm alright

Yeah it’s your dads problem

Yup he can deal with it not me

Also I've been noting down date and general time of when I bought crypto, which one and what price I bought it at and how much i spent
From that I can check GBP value?

 

[KeepCopingLads]

It’s an incredibly low limit unfortunately but the uk government can’t stand to see poor people try to stop being poor.

Yh, wtf
3k ain't even enough for orthodontic work as well

 

[Foreverbrad]

Mmm alright

Yup he can deal with it not me

Also I've been noting down date and general time of when I bought crypto, which one and what price I bought it at and how much i spent
From that I can check GBP value?

You can check it in the trading history of the exchange you used, hopefully.

It’s easier if you’re just trading between crypto and GBP and not doing any crypto-crypto swaps or using USD/EUR and so on.

I only do a couple trades a year because it’s such a pain in the ass.

 

[KeepCopingLads]

You can check it in the trading history of the exchange you used, hopefully.

It’s easier if you’re just trading between crypto and GBP and not doing any crypto-crypto swaps or using USD/EUR and so on.

I only do a couple trades a year because it’s such a pain in the ass.

I convert the fiat/GBP to usdt
Then using the usdt I buy
I'll go check my trading history, if it matters I use mexc

 

[Foreverbrad]

I convert the fiat/GBP to usdt
Then using the usdt I buy
I'll go check my trading history, if it matters I use mexc

So each overall trade will have three taxable events:
1. Buy USDT with GBP
2. Sell USDT for Crypto (taxable event)
3. Sell Crypto for USDT (taxable event)
4. Sell USDT for GBP (taxable event)

And you need to work out the GBP gain/loss for each event.

One very shit thing about the £3000 allowance is that you can’t offset losses without doing a tax return. So if you made £6000 and lost £5000 then HMRC would consider you to have £3000 of unpaid taxable gains despite your real gain being just £1000.

 

[KeepCopingLads]

So each overall trade will have three taxable events:
1. Buy USDT with GBP
2. Sell USDT for Crypto (taxable event)
3. Sell Crypto for USDT (taxable event)
4. Sell USDT for GBP (taxable event)

And you need to work out the GBP gain/loss for each event.

One very shit thing about the £3000 allowance is that you can’t offset losses without doing a tax return. So if you made £6000 and lost £5000 then HMRC would consider you to have £3000 of unpaid taxable gains despite your real gain being just £1000.

WHAT THE ACTUAL FUCK
3 DIFFERENT TAXABLE EVENTS

Do those taxable events still count even if you are under 3k?

 

[Foreverbrad]

WHAT THE ACTUAL FUCK
3 DIFFERENT TAXABLE EVENTS

Do those taxable events still count even if you are under 3k?

Yes they all contribute to the 3k yearly total and like I said losses cannot be deducted unless you do a tax return.

 

[KeepCopingLads]

So each overall trade will have three taxable events:
1. Buy USDT with GBP
2. Sell USDT for Crypto (taxable event)
3. Sell Crypto for USDT (taxable event)
4. Sell USDT for GBP (taxable event)

And you need to work out the GBP gain/loss for each event.

One very shit thing about the £3000 allowance is that you can’t offset losses without doing a tax return. So if you made £6000 and lost £5000 then HMRC would consider you to have £3000 of unpaid taxable gains despite your real gain being just £1000.

I'm creating a game which is based off real life, it's a crime game in which you control someone tryna make it out of the council estate
In the game, all real world problems exist such as taxes
How could the character in the game evade taxes (in game of course), based off real life solutions so it's as realistic as possible?

 

[Foreverbrad]

I'm creating a game which is based off real life, it's a crime game in which you control someone tryna make it out of the council estate
In the game, all real world problems exist such as taxes
How could the character in the game evade taxes (in game of course), based off real life solutions so it's as realistic as possible?

They would have to find some way to get crypto that’s not linked to their identity, and trade it on an exchange that’s not linked to their identity, then find a way to sell it into GBP that’s not linked to their identity.
And somehow all of this would have to be clean money / crypto too.

The game usually ends with them getting stabbed and robbed in step 1 when they try to buy bitcoin for cash locally.

 

[KeepCopingLads]

They would have to find some way to get crypto that’s not linked to their identity, and trade it on an exchange that’s not linked to their identity, then find a way to sell it into GBP that’s not linked to their identity.
And somehow all of this would have to be clean money / crypto too.

The game usually ends with them getting stabbed and robbed in step 1 when they try to buy bitcoin for cash locally.

What if I could add npcs and side characters in the game to help the player. What sort of people would the player go to, to do this?
Just asking so I know what to code the npcs behaviour and location spawn as