/biz/ - Business & Finance

>>4192252
He's right, though.

You store your coins by writing down your private keys to page 100 of two or three of your favorite books.

It doesn't actually get saver than that, cold storage is a fancy widget for show.

In case we'll actually use crypto in the future, you move a pocket money from the above address to a wallet on your phone, every 3 months.

>>2993930
On any exchange. In Europe, SEPA bank transfers in Kraken.

You must report gains on every short term* transaction. If you buy 1 ETH for 200€ and exchange it 1 week later, when it's risen to 220€, to get some LTC, then you got 10% more LTC than you would otherwise have and you gotta report 20€ speculation gains on your yearly tax report. That means they'll take 5€ to 8€ of those 20€.
In practice, though, kids here don't even know how to fill a tax form.

*if you hold it for a year, many country will count it as non-taxable. You still gotta report your gains with your yearly income, though.

>in bitcoin wanting to sell it all
that's retarded

Hello guys,

I want to make coins into something that's actually used (and thus valuable) and I have a bitcoin/blockchain project coming up and for that I need some bitcoin. Sadly, kraken is having me wait for 3 weeks for tier 2 now.

I need maybe 100$ in bitcoin for starters, and I'll give you back 130$ or so within a month. And push crypto in the right direction, if that matters. Anyone interested in "investing"? I'm username fensterplaetzchen on Skype. I'll instantly be able to verify that I am a trustworthy person (hey I even got a PhD in physics) and I just want to speed this up.

Thanks!