Jump to content

Martin1234

Members
  • Posts

    330
  • Joined

  • Last visited

Posts posted by Martin1234

  1. 2 hours ago, shabbirss said:

    just my 2c...
    the more people use these forms of digital currency - the more normalised its gonna get

    i say stay away  from it dont give it power

    for investment, there are loads of other ways to do it
    business,land and buildings,gold,etc

    Blockchain tech is in its infancy. It's going to be huge. 

     

    I suggest getting in on it now. 

     

    If it was 25 years ago and you knew what you knew now, you would probably have invested in one of the big tech firms and rode the waves. I don't disagree with your point though btw.

     

    I wish I could go back and buy BTC when it started at a dollar each!

  2. 1 hour ago, Mr H said:

    Thanks.

     

    I guess also doesn't factor inflation. If we have another inflation run, electricity costs could drive price even higher......

     

    This plays into my other investment thesis that we are about to enter a commodity super cycle due to inflationary pressure, lack of investment, increased demand...a d btc is a commodity and as a rare one I expect it to move a lot over the coming 10-15 years alongside all commodities....

     

    Any profits I make in crapto will rotate into oil, gas, metals etc....

     

    It's good to have a plan 👍🏼

     

    I see BTC is dipping again which is what was always predicted in the run up to halving.  Usual trend is for new highs and levels post halving.  Let's see that happens in a month or so.

  3. 13 hours ago, Mr H said:

    That's very interesting...

     

    I used to follow the cost of production closely but haven't for a while.

     

    Last time I checked the cost to mine a btc was below 30k

     

    So I'm wondering if you have the analysis showing it will be 100k in couple weeks time?

     

    I don't think this is the exact one I was reading, but says similar..

     

    https://cointelegraph.com/news/bitcoin-halving-how-impact-btc-mining-costs

     

    The mining reward will be halved, so the cost of production will double as they have to mine twice as much. This says post halving the cost of mining one BTC will be 'above 80k'. The halving event should be a no brainer really I think I said before, this must be why the likes of BlackRock are all over it..

     

    By rights this world push the BTC price well into the 100k numbers.

    • Thanks 1
  4. 8 hours ago, Mr H said:

    Obviously do you.

     

    But the typical flow of cycle. 1st liquidity in btc, then eth then alts.

     

    Btc already gone up 5x from bottom. Maybe another 2x from here. But meat of move is already done.

     

    The rotations haven't yet, so the next 5x 10x will be in the alts and eth catch up, once btc dominance drops.......

     

    Btc play almost done now imo....

     

    I don't think BTC has even begun yet.

     

    After halving event it should soar, taking everything else up with it. Then alts after. Traditionally it's after each halving that BTC really hammers up.

     

    5 hours ago, Campion said:

      

    Yes that's right (in the UK). Sorry for any confusion, I thought you were talking about when you were going to sell up and crystallise gains/losses. It's just sale price minus purchase price, and the cycles and halving events etc which happen inbetween aren't relevant for CGT. 

     

    You can also include costs of buying/selling - I don't know if you have any charges with crypto but can be relevant for other assets. 

     

    Houses and pension funds are a bit more complicated but not this topic. 

     

    Yeah I'm UK sorry.. think I've grasped what I need to do.  I work with pensions so am more comfortable with that side tbh!

    • Like 1
  5. 8 hours ago, Mr H said:

    Obviously do you.

     

    But the typical flow of cycle. 1st liquidity in btc, then eth then alts.

     

    Btc already gone up 5x from bottom. Maybe another 2x from here. But meat of move is already done.

     

    The rotations haven't yet, so the next 5x 10x will be in the alts and eth catch up, once btc dominance drops.......

     

    Btc play almost done now imo....

     

    I don't think BTC has even begun yet.

     

    After halving event it should soar, taking everything else up with it. Then alts after. Traditionally it's after each halving that BTC really hammers up.

     

    5 hours ago, Campion said:

      

    Yes that's right (in the UK). Sorry for any confusion, I thought you were talking about when you were going to sell up and crystallise gains/losses. It's just sale price minus purchase price, and the cycles and halving events etc which happen inbetween aren't relevant for CGT. 

     

    You can also include costs of buying/selling - I don't know if you have any charges with crypto but can be relevant for other assets. 

     

    Houses and pension funds are a bit more complicated but not this topic. 

     

    Yeah I'm UK sorry.. think I've grasped what I need to do.  I work with pensions so am more comfortable with that side tbh!

    • Thanks 1
  6. On 4/3/2024 at 10:21 PM, Campion said:

     

    You're waiting until it's dropped more than half? Or do you mean wait for it to drop then bounce back up again? Obviously I don't understand this crypto stuff!! 

     

    With CGT (in the UK) £3k allowance is for your gain rather than how much you withdraw, so it needs a calculation. That's from the 24/25 tax year starting on Saturday. If you sell in this tax year 23/24 it's £6k. Unfortunately you can't carry forward your unused allowance, but if you've got some losses elsewhere you can offset against the gains. I think losses can be carried forward but would need to look into that. 

    But it's only gain when you withdraw it?

     

    I've gained a lot more than that currently but don't believe I am due to pay cgt until I trigger an event by withdrawing, and this would be tested on what I take out in that tax year. If I withdraw 3k per tax year, I went be gaining any more than the limit, if you see my logic?

     

    If you buy something (let's say a house), you pay cgt on your profits, ie income. You would only pay cgt on the whole house if you sell it again ( that's assuming it was a second property as a rental income investment ).

     

    Another example, if I have a huge pension pot and take a part withdrawal, I only pay tax on the bit I withdraw and but the whole fund.

     

    Not totally crystal on the accuracy re rental rules etc, but you get the gist.

  7. On 4/3/2024 at 10:21 PM, Campion said:

     

    You're waiting until it's dropped more than half? Or do you mean wait for it to drop then bounce back up again? Obviously I don't understand this crypto stuff!! 

     

    With CGT (in the UK) £3k allowance is for your gain rather than how much you withdraw, so it needs a calculation. That's from the 24/25 tax year starting on Saturday. If you sell in this tax year 23/24 it's £6k. Unfortunately you can't carry forward your unused allowance, but if you've got some losses elsewhere you can offset against the gains. I think losses can be carried forward but would need to look into that. 

    After the halving event.

     

    It's coming up end of April. The miners rewards halve, but the work to decode the Blockchain stays the same. On effect it costs the same to produce but the miners earn less. Happens roughly every 4 years.

     

    My logic tells me it'll double at least in value. Probably why BlackRock were buying up billions in value of it...

    • Thanks 1
  8. The halving event is coming. Hopefully this means some more decent gains. I've been buying mainly BTC, ETH and SOL during the crash and have a good profit at the minute. Basically as it sits now I've doubled what I've paid in.

     

    I bought via ramp swaps and use cold storage, so it's not on and exchange. They did ask for kyc from me, so they know who I am ☹️

     

    I'm now a bit concerned about taxation, as it comes under cgt rules, and has a 3k annual threshold which my profits are way way over.

     

    Any thoughts on how to avoid the tax man?!

  9. On 2/27/2024 at 7:52 PM, Grumpy Owl said:

     

    For Windows, you may as well use its own Remote Desktop Connection app, it's a direct connection and not being routed through any other third-party.

     

    For security reasons though, it is best to change the default listening port (don't use 3389!), and set up port forwarding correctly in your router, as well as use a strong password.

     

    At home, my PC runs Linux, and I use the Remmina client to connect remotely to my Windows PC at work when I'm working at home. It's almost like having two PCs!

     

    Thanks for that. I never even knew that existed!

  10. On 2/25/2024 at 5:44 PM, Grumpy Owl said:

     

    Yes, NAS (network attached storage) drives are quite popular, and many can be configured so you can access them remotely.

     

    I've not come across Google Remote before to be honest, though if it's by Google then I'd instantly distrust it.

     

    I know what you mean about Google. I have everything on their ecosystem so they are making loads fun tracking what I do 😞

     

    The remote desktop is good. Third party solutions do exist.

  11. 1 hour ago, jack121 said:

    Fasting is brilliant for detoxing. Try a 24-hour fast once a week or once a month or whatever you can do.

    Digesting food is the most energy-intensive process in the body, giving your body a break from all of that work every now and again so that it can concentrate on cleaning itself out is a big plus in improving your health.

    Tumeric as you suggest is good as is high strength vitamin c, start on small doses until you get used to it then every week increase the amount.

    Sunshine is a very good detoxer, that's why people only get sick in winter time when there is little sun available. Get out in the sun, go on holiday, all boosts your vitamin d levels

    Exercise is an obvious one as is a diet high in fruit and vegetables, with as little junk food as possible - Try going organic if you can find a reputable supplier

     

     

    Thanks. I am already a faster anyway. I do 18 hours every day, and the occasional 24 hour.

     

    I'll keep at it 👍🏼👍🏼

    • Like 1
  12. 1 hour ago, jack121 said:

    Good idea. That's the way i do it. Makes it simple, for a simple person like me. Why pay more for extra stuff you don't need

    Today I switched over to flouride free toothpaste as well.

     

    Do you have any idea how to detox flouride from your system?

     

    Quick Google suggests tumeric which I already eat daily, green veg and tamarind. Not sure where to get tamarind from in the UK. Open to any more advice or suggestions though!

     

    Think the flouride collects in your bones, teeth and pineal gland in the brain.

  13. 7 hours ago, jack121 said:

    It's only a 4-stage system so is the poorest, and to have hot water all the time will mean higher energy bills as the water will have to be heated 24/7

    It heats the hot water on demand, not all the time. Like those instant water heaters.

     

    There is an element on the piping that heats up on request. Tbh I would probably still use the kettle but put RO water in it.

×
×
  • Create New...