legaldinho wrote:Bitcoin's a ponzi, but so is money so who knows what'll happen. Probably go to zero, but the real interesting thing is the idea underpinning it, and what other use cases (more intricate ones) might emerge.
g.man wrote:Fucking hell! Hello mate!
g.man wrote:Nah, mate. Didn't get on with B1 sadly. This year has been mainly about Ghost Recon: Wildlands.
RamSteelwood wrote:If there's money to be made, then the regulators will be on their way.
Oh here they come!
https://www.theguardian.com/technology/2017/dec/04/bitcoin-uk-eu-plan-cryptocurrency-price-traders-anonymity
I'm no expert, but when I looked into it I determined it would be treated like any commodity, that's the conclusion in the US and I believe the HMRC has had guidance to that effect since 2016acemuzzy wrote:Intriguingly different to foreign currency gains then? That's income/ Sched V isn't it?
Dinostar77 wrote:On a sidenote why can't your friend use coinbank or similar and convert his bitcoins to pounds and transfer back into his bank account?!?
cockbeard wrote:Dinostar77 wrote:On a sidenote why can't your friend use coinbank or similar and convert his bitcoins to pounds and transfer back into his bank account?!?
Tax implications I imagine. That's something near half a million quid at the minute, so even if he can get a decent price and doesn't get charged handling fees and whatever there's also the small matter of a 150k tax bill
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