there are many more, you have this in malta and portugal or has that been abolished?
And by that time BTC either goes below your cost of acquisition or at break even levels isn't itSeveral European countries including Germany has 0% tax on btc when hold for over a year.
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.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!
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.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.
Don't know about Georgia. Does it have 0% crypto tax?What about Georgia And UAE? I dont think there is any tax on crypto in these
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.Several European countries including Germany has 0% tax on btc when hold for over a year.
Malta is a tiny boring island and Malaysia is cheaper. Portugal was abolished and tightening on tax reliefs. Also Malaysia is cheaper.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.
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.And by that time BTC either goes below your cost of acquisition or at break even levels isn't it![]()
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.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!
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.
this is not gonna happen that quick.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.
Could you elaborate more on this.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.
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).Could you elaborate more on this.
Nononono, you can just guess the address. Look here. I can have solid proof powered by @cunothe 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.
trueNononono, you can just guess the address. Look here. I can have solid proof powered by @cuno
I just checked my wallet and thought, okay, the exchange rate must have gone up, until I realized I had received an extra $3,892 worth of BTC in my wallet. I haven't shared my wallet address with many people and only use it for business, but I haven't invoiced that amount!
Has anyone else experienced this before?
- cuno
- Replies: 27
- Forum: BitCoin, AltCoins - CryptoCurrency
Trust me. I have seen itIt is at least as save as the PayPal money generator 2024 edition.
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I would like to but unfortunately i don't have enough cryptoThey have 0% crypto tax.
That is insane. Nowhere in Europe do you have that.
And besides, they are also dirt cheap.
So question is - why isn't everyone moving to Malaysia?
And the standards are too high and too cheap in Kuala Lumpur for you?Malaysia is not for everyone, live is not all about money but also living standards and other preferences.