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Is Malaysia best country for crypto and tax optimization?

According to the many stats our dedicated crypto friends on OCT have presented multiple times, it’s clear that BTC has only gone one way over the years, UP, UP, baby, UP!
 
According to the many stats our dedicated crypto friends on OCT have presented multiple times, it’s clear that BTC has only gone one way over the years, UP, UP, baby, UP!
I didn't say that BTC doesnt go up ,i said most folks buy it at such prices that they would not be able to sell after just 1 year.If they are long term HODL ers its fine .The short term price swinger will not get any benefit out of this unless its Georgia, UAE.
 
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It's incredibly difficult to predict. BTC is highly volatile, but at the same time, over the past three months, it has risen significantly. If I had been living in Germany and bought BTC nine months ago, it would have been profitable to sell now and take the profit if that was my goal.

If Trump had announced that the U.S. was investing in BTC, its value would have skyrocketed like never before, making the timing perfect.

On the other hand, there’s always the risk of the exact opposite happening, some event causing BTC to drop during that period.
 
It's incredibly difficult to predict. BTC is highly volatile, but at the same time, over the past three months, it has risen significantly. If I had been living in Germany and bought BTC nine months ago, it would have been profitable to sell now and take the profit if that was my goal.

If Trump had announced that the U.S. was investing in BTC, its value would have skyrocketed like never before, making the timing perfect.

On the other hand, there’s always the risk of the exact opposite happening, some event causing BTC to drop during that period.
Exactly my point for any volatile asset keeping a timeline for taxation is stupidity and those who follow it are doing a great disservice to themselves.
 
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What about Georgia And UAE? I dont think there is any tax on crypto in these
Don't know about Georgia. Does it have 0% crypto tax?

UAE - too expensive, scorching desert, people are shallow, superficial and lack soul.

Several European countries including Germany has 0% tax on btc when hold for over a year.
Germany is expensive and not a nice country to live in. While long term crypto tax is 0%, the other taxes are high. Malaysia is way less expensive than Germany.

there are many more, you have this in malta and portugal or has that been abolished?
Also croatia is very good, you can hold stables until 2y then get fiat cash for 0% apparently.
Malta is a tiny boring island and Malaysia is cheaper. Portugal was abolished and tightening on tax reliefs. Also Malaysia is cheaper.

Didn't know about Croatia, can you tell me more?

And by that time BTC either goes below your cost of acquisition or at break even levels isn't it :cool:
That is why you cash out BTC in USDC at any time to lock in gains, and once you are in a tax friendly residence you just sell USDC crypto for USD or EUR.
According to the many stats our dedicated crypto friends on OCT have presented multiple times, it’s clear that BTC has only gone one way over the years, UP, UP, baby, UP!
Wrong. Once people realize exponential developments and quantum computers are here in less than 5 years and Bitcoin lacks quantum protection, it will collapse like a rock.
 
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Don't know about Georgia. Does it have 0% crypto tax?

UAE - too expensive, scorching desert, people are shallow, superficial and lack soul.


Germany is expensive and not a nice country to live in. While long term crypto tax is 0%, the other taxes are high. Malaysia is way less expensive than Germany.


Malta is a tiny boring island and Malaysia is cheaper. Portugal was abolished and tightening on tax reliefs. Also Malaysia is cheaper.

Didn't know about Croatia, can you tell me more?


That is why you cash out BTC in USDC at any time to lock in gains, and once you are in a tax friendly residence you just sell USDC crypto for USD or EUR.

Wrong. Once people realize exponential developments and quantum computers are here in less than 5 years and Bitcoin lacks quantum protection, it will collapse like a rock.
this is not gonna happen that quick.
And its already relatively save since single use addresses never have their public keys exposed.
Upgrade is a no brainer IF you know which algos are safe against qc.
 
Could you elaborate more on this.
the addresses are derived thru a one way function and are not the public key (qc cant reverse these). However after an address has been used for sending once, the public key is published and with qc that private key can be guessed (and the balance cleared afterwards).

So only use single use addresses (which is normally the case by design).

qc could mess up the mempool and steal the funds intended to send by resigning with the correctly guessed private key (public key published), so you might cant transact for a while unless the upgrade to a qc proof algo is done (but the funds would remain safe in the meantime).
But as these qc develop to smth practical theres research about qc resistant algos. (At the moment theres none really as its too far out). Ditching sha256 to a new qc resistant hashing algo is no big deal, youd need to transfer your coins to some new address format likely before the qc go live.
 
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the addresses are derived thru a one way function and are not the public key (qc cant reverse these). However after an address has been used for sending once, the public key is published and with qc that private key can be guessed (and the balance cleared afterwards).

So only use single use addresses (which is normally the case by design).

qc could mess up the mempool and steal the funds intended to send by resigning with the correctly guessed private key (public key published), so you might cant transact for a while unless the upgrade to a qc proof algo is done (but the funds would remain safe in the meantime).
But as these qc develop to smth practical theres research about qc resistant algos. (At the moment theres none really as its too far out). Ditching sha256 to a new qc resistant hashing algo is no big deal, youd need to transfer your coins to some new address format likely before the qc go live.
Nononono, you can just guess the address. Look here. I can have solid proof powered by @cuno

Trust me. I have seen it ;) It is at least as save as the PayPal money generator 2024 edition.
bernhardiner-35.webp
 
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Nononono, you can just guess the address. Look here. I can have solid proof powered by @cuno

Trust me. I have seen it ;) It is at least as save as the PayPal money generator 2024 edition.
View attachment 8606
true ;) This is a mystery indeed. Sadly he did not tell me the magic walet.
 
In the meantime, I have used these coins by first sending them to an exchange and then converting them to FIAT. No issues, and I haven't heard anything from anyone. So for me, the matter is settled.
 
Malaysia is not for everyone, live is not all about money but also living standards and other preferences.
And the standards are too high and too cheap in Kuala Lumpur for you?
 
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