/biz/ - Business & Finance

>>22552897
if bitcoin crashes i lose everything and will probably pic related myself

>>21013415
I took shrooms/lsd a few times in college. Biggest dose I did was 3.5gs of gold caps. I do not think I achieved ego death, but the intensity of the trip has made me weary of doing the same amount, or more, again. I might consider though if things do not improve soon.

Fellow Bongs,

Spoke to a junior accountant in a pub before lockdown.
To my understanding it's more or less this:
>Prudential investment CG Tax 20%
>Trading CG Tax 40-45%

If HMRC thinks you've held your bags for a long time, say a few years, then it will be a flat 20% Capital Gains Tax.

But if they think you're trading, and have been flip-flopping and swinging between assets then it's going to be 40-45% when you get audited. And you will get audited. They will sed someone crypto competent to see your transactions.

So the best strategy is accumulate. hold on to your shit for a few years, don't touch it or swing or anything. And you can walk away with the most profit and the least headache.
If you cash out and flip between assets, chasing pumps, then cashing out is going to be a ballache and you'll have to give up HALF your shit so that a Somalian family can get a free house in Tottenham.

HODL is not a meme.
The choice is yours.