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Price prediction and kind reminder to sell!


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16 minutes ago, JJJ2 said:

My problem is that if I close a position then I have to give 50% to the German government!!!!

That's why I  think I will keep it running for the very long run as I have always said. By now I have doubled the invested sum.

Despite this is already a miracle ( :-) ) if it reaches 5 I'll have 9,5 times (net) the sum I had invested. With that sum I do not even buy a flat in my town.

The government gets the other 9,5 times without doing nothing for me....

AND THAT MAKES ME NOT ANGRY, IT MAKES ME FURIOUS! 

But this is the first investor's sin: greed

:D

50% capital gains tax in Germany? I thought 20% was bad in the UK!

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Once and a while I get the urge to post a price prediction.  Perhaps just for the sake to keep track of those times when something keeps telling me something is going to happen. Somehow every time

When I first became interested in DLT I bought BTC, and then Eth. I was playing with the Tech rather than looking for a profit. I have been interested in Technology since I was a kid, except in those

Sold some at .62 and rebought at .46.. first time taking a little profit in a long time lol

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6 minutes ago, 2ndtimearound said:

50% capital gains tax in Germany? I thought 20% was bad in the UK!

50% for crypto as far as I know and for usual trading it's 27,5%.

I have heard that tax is paid only if the position is opened and closed within 1 year, and it shall not be paid if the position is held longer.

 

BUT BECAUSE I KNOW GERMAN GOVERNMENT I CANOT BELIEVE THEY WILL GIVE UP ANY AMOUNT OF MONEY.

:D

It is impossible it's like gravity pointing up or people becoming younger  or faster than light speed and so on.

 

Germans have now 60% debt/GDP. With a GDP around 3700bln € they calculated that this year due to the crisis they will make 1,5bln more debts. And just for that they want to reduce pensions.

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6 hours ago, 2ndtimearound said:

December snapshot... but if we're (still) in the throes of a bull-run by then, it might not make a difference.

I am trying to convince myself institutions will buy above 20K in particular if equities pull back.

Preparing for the airdrop, I shorted smidgets 67 68 71.

The brief XRP BTC minute bar divergence circa 71 72 got filled within minutes to 69 67.

My insurance policy? On price break up, hedge and shove...

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11 hours ago, 7Sol said:

I am trying to convince myself institutions will buy above 20K in particular if equities pull back.

Preparing for the airdrop, I shorted smidgets 67 68 71.

The brief XRP BTC minute bar divergence circa 71 72 got filled within minutes to 69 67.

My insurance policy? On price break up, hedge and shove...

I've sold about 8% of my stack above 60c in the last few days....the more the price collapses the more I can accumulate...not that I won't be disappointed if the price collapses, but you need to get something out of a run.  At the same time, I sell knowing it's just as likely I'm "selling early"....but I try to be good, not perfect.

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28 minutes ago, 2ndtimearound said:

I've sold about 8% of my stack above 60c in the last few days....the more the price collapses the more I can accumulate...not that I won't be disappointed if the price collapses, but you need to get something out of a run.  At the same time, I sell knowing it's just as likely I'm "selling early"....but I try to be good, not perfect.

60 is where I try hedging my last airdrop purchases.

I enjoy being liquid, especially with the pullback.

55 at this writing. How does it feel now?

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I think the Flare snapshot is just muddling the decision-making.   Assuming Spark=$.001, a play of 10k xrp sold at .7 = $7k.  If you got those xrp at a price of .35, it would have cost you $3,500, netting you another $3,500.    Then if you are able to purchase Spark from users after the distribution, your $3,500/.001 is 3.5M Spark.   Even if Spark cost $.01, it is still 350,000 Spark.  35 times more than the 10k spark you will get for the snapshot at 1:1.

 

 

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1 hour ago, Honeybee said:

I think the Flare snapshot is just muddling the decision-making.   Assuming Spark=$.001, a play of 10k xrp sold at .7 = $7k.  If you got those xrp at a price of .35, it would have cost you $3,500, netting you another $3,500.    Then if you are able to purchase Spark from users after the distribution, your $3,500/.001 is 3.5M Spark.   Even if Spark cost $.01, it is still 350,000 Spark.  35 times more than the 10k spark you will get for the snapshot at 1:1.

 

 

If i don't pull out during the session, after 9 months the girl will pregnant, then i will need to raise 1 mil for the baby because that's what you'll spend on one single baby in your lifetime, quik maffs

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On 11/25/2020 at 7:11 AM, 2ndtimearound said:

I've sold about 7% of my stack on the way up in this run, even grabbed a cheeky sell at 0.779 cents on Bitstamp before the pullback! Still holding out though with most of my XRP in cold storage...Spark airdrop is a few weeks away...I'll keep selling on the way up though...let's try to be good, not perfect.

That is my plan. All in my Ledger!!!

And I will start accumulating again if we get in the $0.35-$0.4 range

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22 hours ago, JJJ2 said:

My problem is that if I close a position then I have to give 50% to the German government!!!!

 

:D

Do you get a tax free capital gains allowance?

The best way is often to sell a bit every year and use the allowance -  if you want to lock in value if you sell Aongus a high, then trading into Tether shouldn’t count as a profit realisation for tax purposes.

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3 minutes ago, Mikhail_Liebenstein said:

That is my plan. All in my Ledger!!!

And I will start accumulating again if we get in the $0.35-$0.4 range

Same here....I made the mistake in September 2018 of letting a price spike go to waste.....not this time.  On the positive side, this could be a pull back before going to $1....either way, we have to gain something out of this kind of price action. 

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57 minutes ago, Mikhail_Liebenstein said:

Do you get a tax free capital gains allowance?

The best way is often to sell a bit every year and use the allowance -  if you want to lock in value if you sell Aongus a high, then trading into Tether shouldn’t count as a profit realisation for tax purposes.

The law gives a tax free allowance of 700€ yearly per family member (mate, spouse).

It is nothing. Germans are socialists and the new Europe will be a socialistic continent where voters depend on the public help (in form of public contribution for unemployed or low wage earners) in order to live and will be forced to vote the leading class of politicians.

 

My dentists earns around 20K /month. It's a lot but he says he does not work longer because if he earns more then he changes tax step the whole additional money will flow to the government.

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15 hours ago, 7Sol said:

In Germany, only for crypto held less than a year.

Thank you for replying: so you prompted me to move my .... bottom and search for information :D

 

Tax in Forex amounts to 25% + 5,5% (of the 25%) Solidaritätszuschlag (that is the tax to help east Germany to be reconstructed. And by law reconstruction never ends...), that is 25+ 0,055*0,25= = 26,75%. But only of the gains minus the free bonus (Freibetrag) that is 700€ per family member (man, woman, or in case of different composition of the family, the two men or two woman composing the core of the family).

https://www.nextmarkets.com/de/handel/glossar/trading-steuern

 

And yes, this is the good news by now (but I am sure they're going to change that) holding the crypto longer than 12 months means no tax.

 

image.png.990bc3dd99bc3a8417219e83b5312770.png

 

And now a funny thing (out of topic sorry for that!) about tax reasons that never disappear: in Italy people still pay a tax on fuels for financing the war in Ethiopia (That war ended in 1936) one for the suez crisis (1956) one for reconstruction of Florence after the flood (1966) one for reconstruction after the earthquacke in 1980 in the Irpinia (Province of Avellino), Libanon crisis (1983) etc. etc.

 

https://motori.virgilio.it/notizie/accise-sulla-benzina/91340/

 

image.png.33fd5265adf455875e14267cc197bc00.png

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3 hours ago, JJJ2 said:

And yes, this is the good news by now (but I am sure they're going to change that) holding the crypto longer than 12 months means no tax.

What makes you think so?

The tax break promotes crypto startups and makes Berlin the choice destination for those projects.

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