If you look at blockchain specifically and bear in mind this is just ONE technology in the crypto toolset, there is a huge investment in private blockchain globally. Many of these private chains can supply multiple organisations within one ecosystem or supply chain, but as these grow out...
Yes - Interoperability, global scale applications and huge swathes of the world without a stable currency and at the whim of the US dollar.
You should probably sell.
I don't buy into the true believer argument either.
There is little to no optimism out there right now and what little money there is seems to be still chasing the meme dream and waiting on some obscure hint from Musk that will send their investment to nirvana.
I am still in profit, but not by much given the time I have been in the market and...
Settlement is but one part of a transaction and often the riskiest part. A smart contract which contains the exchange of assets or services, agreed terms and payment is the end goal. Crypto then becomes a means for paying for a transit network, or for paying for an any to any API based...
A central bank digital currency can come in two distinct phases wholesale and retail. Wholesale being settlement of bank to bank transactions, which may include corporate treasuries and retail being an alternative to the banking arrangements most of us use today.
The immediate benefits include...
Sorry this was in response to @sydney and his expectation that crypto can be a tax black hole. You are correct and in fact cryptotaxcalculator a Koinly rival is Australian, which suggests that the Aussie tax authorities are approaching this along similar lines to the UK.
Apologies for a few unanswered posts.
Still banging away at my tax returns, slowly piecing together the missing information inc Kucoin.
Yes it will be nigh on impossible for HMRC to challenge anything half sensible submitted.
No HMRC are not taxing realised profits, as otherwise you could...
This has to be one of the best cryptocurrency put downs I have seen. The missing table is included in an image below.
https://www.forbes.com/sites/stevenehrlich/2024/03/27/the-rise-of-cryptos-billion-dollar-zombies/
Entered my own personal hell, of trying to produce a crypto trading report for HMRC. I have spent days on this and it is frying my brain. I am trying to follow the guidelines, but it is almost impossible. Anyone else tackling this and struggling? I seem to be paying a price for being a dabbler...
Maybe 20 years ago, I worked with a super intelligent young American on a huge salary and we had a lengthy discussion around gun control. He let on he had a bolt hole in the wilderness in case of civil war, with a hidden stash of valuables and ammunition. I can't imagine it happening, but I also...
So are you buying drugs?
in the real world striking up a meaningful conversation around cryptocurrency is almost a complete non-starter, hence I really value the insight I get from exchanging views here. Apologies if that comes across as arrogant, but the real world utility thing has been done...
I am pretty sure I posted on here when my portfolio was down 78% and there have been many posts where people have taken big hits. I think a lot of people like @GloryDays above cut their losses and moved on.
Firstly apologies for not answering the question. I think it is missing the point.
Very little Bitcoin is traded. People are sitting on it;
As insurance against the US government going bust. Strangely from a British persepctive many Americans would genuinely welcome this.
or as protection...
I have posted real life use cases on many occasions on this thread. People either don't read or don't understand them. I guess from your perspective this will be the case right up to the point where HR announce next months payroll will be in cumrocket. I can assure you this isn't going to...
It is quite interesting to gauge the general lack of interest and cynicism around all things crypto, despite the very obvious signs of things starting to really take off. I suspect that we will have a lot more people paying attention towards the end of this year, when it is possible that the...