Cryptoadam is Canadian
Canadian is not freedom.
yup. everything except ada, which some rumored would be top performer this year go figure. Dropped most of my ada, and moved ada funds to voyager digital stock.Everything seems to be going up now
yup, but make sure to move them to your own hardware wallet or paper wallet if not on one of the bigger exchanges, there are some wallets that support tons of alt coins.when the market bottoms, buy some shitcoins.
Getting fucked in the ass with taxes would suck, but it would also be sweet to make enough money to complain about getting fucked in the ass with taxes.
Under Section 179, you can deduct in a single year the cost of tangible personal property (new or used) that you buy for your business. This includes computers, business equipment, machinery and office furniture.Oct 5, 2017-microsoft.com
yup, but make sure to move them to your own hardware wallet or paper wallet if not on one of the bigger exchanges, there are some wallets that support tons of alt coins.
I had about 200$ in alt coins, and several of the exchanges were closed.
What I'm wondering is if you can treat crypto mining as your business activity? If that were the case you could deduct the price of bitcoin miners, gpus, cpus, motherboard, cases, etc
At least in the U.S it seems deduction might be possible if it can be treated as a business, again that is if crypto mining can be treated as a business.
hmmm next bitcoin halving is in 2026? I think the next halving is in 2024. Last bitcoin halving was in 2020 and started the increase in bitcoin price I think.In Canada I think you can claim some of it as capital gains, but I never looked into it. Thats only 25% tax, but not sure the limits etc... And I think they want to change it. But I don't mine I am just holding a small amount thinking the peak will be about this December, and then 2026 we probably bounce back and hit 1 million BTC.
hmmm next bitcoin halving is in 2026? I think the next halving is in 2024. Last bitcoin halving was in 2020 and started the increase in bitcoin price I think.
I'm hoping the crash ain't as big this time, or otherwise voyager stock could take a big dip too. If bitcoin miner stocks drop to single digits with crash that would also sound very promising, assuming another bullrun occurs, if they don't go under.
Currently ether is very profitable to mine, and it would be good if you could discount a high end pc as business expense, and also discount the electricity use, and internet, etc. But not sure if possible.
random google yielded the following on bitcoin halvings
Bitcoin halving 2020: what you need to know | CMC Markets
Discover what bitcoin halving means for your cryptocurrency portfolio. Find out when BTC will be halved, how it works and what happened in the past.www.cmcmarkets.com
What exactly is starting?Its starting boys. Hopefully this is another good run and doesn't peter out. Would like to see my stack double before the next dip.
Price increase.What exactly is starting?
Price increase of what? BTC is down today, as is ETH, I'm just wondering where you're seeing this indication and what specific crypto you're referring to.Price increase.
I think we gonna see a nice little run on the market with prices going up. WE have been trading sideways for weeks now.
Price increase of what? BTC is down today, as is ETH, I'm just wondering where you're seeing this indication and what specific crypto you're referring to.
Oh that's no good to me - my alts have cratered from $500 to $380 - boooooo.I am looking at my ALTS. Algo, Chain, Stella, Uni all on the upswing.
BTC/ETH might go sideways for a bit as ALTS run.
Oh that's no good to me - my alts have cratered from $500 to $380 - boooooo.
I'm not too worried tbh - it was just some shit hanging in an eth wallet I didn't bother selling ages ago because the whole lot was worth $5 so if I get something great, if not, no fucks given.Hopefully by May they will be worth 1000$
Keep an eye out in Nov/Dec. If you see a nice peak take some profits.I'm not too worried tbh - it was just some shit hanging in an eth wallet I didn't bother selling ages ago because the whole lot was worth $5 so if I get something great, if not, no fucks given.
Keep an eye out in Nov/Dec. If you see a nice peak take some profits.
The coins that have performed are LGO and INXT - tbh I'd expect them to do well next run if I miss the boat on this one, so it's no biggie if I miss the boat. Main focus right now is on waiting for the crash then aiming to not exit quite so early this time. Last time I entered at 3.5k, bang on the right time, but exited around the 12k peak to fund a kitchen. It is what it is, but lesson learned.
helium has also kept going up now at 19.98.I am looking at my ALTS. Algo, Chain, Stella, Uni all on the upswing.
BTC/ETH might go sideways for a bit as ALTS run.
helium has also kept going up now at 19.98.
Waiting for helium miner. But the miner situation for helium is not nice, rak is rumored to have heavy delays of more than a year unless you're a business doing big orders, rumor is they're putting the little guys last and prioritizing big customers. And nebra still hasn't shipped their first batch, though it should happen anytime now, they had some delays but at least they've been updating on the shipping situation.
There are even some companies that lend you the helium miners for free and even give you a portion of the profits in helium coins in exchange for putting it on your property. Though I think having an actual miner is better as you get 100% of the profits.
some people were getting dozens of helium coins per day, some over a thousand helium coins per month from miners last year. If anyone saved that and didn't sell they made bank. The miners were only about $300 last year, iirc.I think we gonna see a lot of going up, or at least I hope. A nice mini run till the summer and then some more sideways trading. But got my hopes up a couple of times so lets see if its just a small bump or an actual run.
Pretty much any shit coin you would have bought over the winter has gone up. Could have picked up some DNT for 1 cent back in October now its worth 38 cents. Kicking myself on that one. ANKR was less than half a penny in June now its at 19 cents, kicking myself again LOL.
Helium was like 50 cents last June, now 25$. I am hoping my ALGO can get their eventually.
Were you able to pick up any? I got in at $87 USD . Crazy run lolLooking like a little run going on now, Hopefully my portfolio can double before the next drop.