UniqueCandy

Calling all long term hodlers with significant gains. Just wondered what the consensus is on the incoming Labour govt increasing capital gains tax? IMO they will whack CGT inline with income tax at their soonest opportunity. I'm actually planning on selling half my holding ahead of this occurring as I don't want to be lumbered with 40%+ CGT in future. What are your thoughts?

This is my theory of how Bitcoin is manipulated,

1. Entity with large Bitcoin holding takes out a highly leveraged short on an exchange (up to 100x)
2. Then, sell large Bitcoin holding on a spot exchange which crashes the price with panic sellers exasperating the situation
3. Entity then closes the short massively in profit overall
4. Now takes out leveraged long
5. Whale buys large Bitcoin holding on spot exchange which boosts price and causes FOMO
6. Then closes long position massively in profit again
7. Repeat at step 1

This seems to make sense to me and accounts for the sideways "Bart" type trading patterns. But overall not a good look for Bitcoin as it plays to the manipulated and v

So your lazing at the quiet end of the pool at an all inclusive resort. Suddenly it becomes apparent that a young girl (maybe 10yo by the look of her) has come off her inflatable and is now panicking in the water, you look for the parents but everyone including resort staff seems to be at the other end of the pool where there is loud music playing. You feel that you should wade into the pool to rescue her, especially since she is now floating face down and motionless, but you hesitate. DO YOU

Rush to the other end of the pool to alert staff or find the parents which may take say additional 30 to 60 seconds, and this kid has stopped breathing. This is the safe option but you will be criticis

I've got some paper wallets which I created back in 2014 when they where cool. I'm just wondering what app or software is considered the safest way to sweep these wallets onto my Trezor hardware wallets.

Thanks

Don't get me wrong I'm old school and store my Cryptos on hardware devices.

But I'm just wondering that if we have now reached a point where we could say that massive exchanges like Coinbase and Binance are safe for newcomers provided they use 2FA.

Looking for thoughts and opinions

Just wondering why the difficulty is changed so infrequently. This has been highlighted by the recent hash rate drop. Surely there is a good case to change the frequency of difficulty adjustment, maybe even do it daily.

I didn't hear Sunak mention capital gains tax in the budget. So is it staying at the same rates now?

I have only recently become aware that flipping in and out of USDC may be a taxable event. Is Exodus KYC and does it report to UK HMRC? I've had an Exodus wallet for 5 years but can't remember all the details I gave them on sign up. Any help appreciated.

I love it when a whale takes a dump on the market because this means either of the following.

• Whale needs to buy back the Bitcoins at some point to stay in the game causing a pump.
• Whale never buys back, in which case they loose the ability to ever pump/dump in future, good riddance, shut the door on the way out and hope they are forever happy with the fiat.

Why don't the governments just declare leaves currency by decree. There's unlimited supply and they don't even need printing, so they might want to consider them.

Just thought

Just watching all the depressing news, and this evening I'm feeling glad that I hold a large percentage in Bitcoin.

Very glad indeed