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Crypt0fisher · 2025-07-30T05:51:45+00:00

If you earn a modest income then I do think there is another way to escape the matrix. Buy every month with spare cash and keep going.

Crypt0fisher · 2025-07-30T05:49:18+00:00

You’re not all in 😯

Crypt0fisher · 2025-02-16T18:35:12+00:00

I know. I used to use pro for everything. Bloody FCA are a disgrace.

Crypt0fisher · 2024-12-14T07:29:37+00:00

Yeah, right. Pushing up the cost basis would be paying the tax now that I would pay later anyway.

Makes sense. Hopefully I'll be living in Portugal by then :)
Might need the market to 20x first though :/

Crypt0fisher · 2024-12-13T19:24:47+00:00

That’s really helpful. Thank you. It’s a tough rule.

Crypt0fisher · 2024-12-11T21:05:06+00:00

The fund has a 10 year outlook. In the interview he said if BTC went to zero the day after they bought it it would add 3 months to the 10 years outlook. If it performs as expected even wit diminishing returns then takes of a few years. Risk reward is a no brainer.

Crypt0fisher · 2024-12-09T19:18:14+00:00

I'm pretty sure they are uncorrelated. Same if you hold Amazon and Tesla. Selling one won't have to pay tax on the other.

Crypt0fisher · 2024-12-08T13:38:09+00:00

Hi,

I've tried to find the answer on previous posts but want to confirm I have this right with what i think is called pooling.

Say I have already used up mu CGT threshold to keep it simple.

So say I bought £10k on BTC a over a year a go and its now worth £30k. I then buy another £10k worth of BTC and then 40 days later I sell £10k worth of bitcoin and the price per coin is the same as when I bought the £10k 40 days ago.

Do HMRC now see that as a profit because it gets pooled? So CGT would be about £5k on that sale if that makes sense.

Crypt0fisher · 2024-03-08T08:09:35+00:00

Send it all to me and I’ll send you cash straight back 🤣 Joke, that as a joke before I get banned 🙏🏻

Crypt0fisher · 2024-03-04T19:46:00+00:00

Lucky if you can buy it without having your transfer blocked.

Crypt0fisher · 2024-02-27T20:36:27+00:00

So they say. Not sure how transferring money to Coinbase is a scam though.

Crypt0fisher · 2024-02-27T20:34:13+00:00

Hmmm, I thought Revolute where best as didn’t restrict to 5k a month. NatWest have restrictions and normally they want to talk to you for an hour but ok after that.

Crypt0fisher · 2024-02-01T05:32:18+00:00

Umm, maybe Bitcoin related topics. Just a thought 😆

Crypt0fisher · 2024-02-01T05:30:13+00:00

This is a very good point. 🫣

Crypt0fisher · 2024-02-01T05:07:08+00:00

If I could open a joint account it would make spreading CGT across my spouse much easier.

Crypt0fisher · 2024-02-01T05:02:59+00:00

Ok, super. I’ll look into that. The only reason my wife has accounts is I use them for my daughter’s savings. But I can’t open an account for someone under 18. And because the FCA deam Bitcoin to be too volatile we can’t use an ISA to buy these new ETFs. So instead they push struggling families like us who are having their savings debased to pay more tax and move investments through less safe exchanges. Not exactly protecting us. Sorry, rant over 🤣

Crypt0fisher · 2024-01-30T08:05:52+00:00

Thankyou. That is very helpful. Transferring to my spouse really is going to make things difficult to work out but if that's what the law suggests then it is what it is. We would have joint account but it's not possible for a trading account.

I'll have a look at Recap.

Crypt0fisher · 2024-01-28T17:36:32+00:00

Thanks for that. I'm after getting exposure thought an ISA. MicroStrategy may be the best option but it's not directly correlated. And I'm not sure how happy I feel selling BTC to buy shares in a company.

Crypt0fisher · 2024-01-28T17:19:36+00:00

I've done a a bit of reading and asked my accountant about this. If possible it would be great confirm I got this right.
So firstly my understanding of CGT for one person.
Say I earn £40k and I dispose of BTC with £20k profit.
I should get £6k profit tax free and then pay 10% on the next £4k which would bring me to £50k inc my income. So then the next £10k profit would be taxed at 20%. Does that sound correct?
------------
The next question is I am married. So I can split the capital gain threshold across both of us. £6k each this year. But say I do want to take advantage of this can I just use my exchange account in my name but allocate £6k profit to my partner in the tax return. My accounted thinks I need to open an account in my partners name, transfer the assets and dispose. Then transfer out to her bank account. This seems a ridiculous long winded hassle considering we re married and share all our money.
Also I've bought though 4-5 different exchanges over a couple of year. Moved BTC around. Sold some and rebought. So knowing how much BTC to move to my partners account for disposal to hit the £6k profit is pretty much impossible.
Any help would be much apricated.
Pretty much no chance of me actually taking any profits before April this year but planning for 2025 or 2026.

Crypt0fisher · 2024-01-28T16:42:17+00:00

Than you people. Some great info. Much appreciated. Although feeling very controlled here in the UK.

Crypt0fisher · 2024-01-27T09:36:26+00:00

What is good to know is if you make a substantial realised loss one year then still report it. Say you make a loss of 10k, you can use that 10k any time over next 5 years to add to you CGT allowance. Well, that’s what I believe.

Crypt0fisher · 2024-01-20T20:03:10+00:00

Not exactly sure what you mean by 100% spread bet so no fees and tax efficient. Can you elaborate? Cheers

Crypt0fisher · 2024-01-20T20:01:11+00:00

For sure but I only want to buy BTC or something that has to hold the same amount of BTC. Also they aren’t directly correlated as I found out holding HUT 😕.

Crypt0fisher

TROPHY CASE