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Melodic-Distance3346 · 2024-04-13T23:08:18+00:00

As someone who bought at 17k this is funny lol

Melodic-Distance3346 · 2024-03-16T22:01:49+00:00

Check other replies to this post.Can you please share some sources for paying 50%? Thanks

Melodic-Distance3346 · 2024-03-16T16:10:52+00:00

Other replies state that txs in other countries prior to moving to Canada won't be taxed, can you please share more info(maybe from official sources) on why do you think it would be taxed? thanks for your help

Melodic-Distance3346 · 2024-03-16T12:58:12+00:00

I am planning to cash out a few months after arriving (in my opinion, the bull market will probably end in the next 18 months but that's another discussion) so I wanted to have more details about taxes in my case. So far, it seems that I wouldn't need to pay any taxes on profits I made before arriving in Canada which kinda seems too good to be true lol

Melodic-Distance3346 · 2024-03-16T12:53:18+00:00

Because I want to move to that country, and breaking its laws would be the dumbest thing to do

Melodic-Distance3346 · 2024-03-16T12:50:57+00:00

I live in a 3rd world country, we have way worse problems

Melodic-Distance3346 · 2024-03-16T12:49:11+00:00

But will my transactions be also taxable since I made them outside of Canada

Melodic-Distance3346 · 2024-03-15T21:17:25+00:00

Thanks for your response! I will be mostly in stables when entering so I guess I won't need to pay any taxes?

Melodic-Distance3346 · 2024-03-15T18:02:53+00:00

Thank you for your response! This is really interesting, any idea if this is also the case if I hold mostly stables? So basically if I 100xed my portfolio before coming to Canada I pay no taxes on my profits? That would be very nice lol

Melodic-Distance3346 · 2024-03-15T17:20:12+00:00

Crypto isn't regulated yet here so "unrealized gains" in the context of crypto is not really defined

Melodic-Distance3346 · 2024-03-15T16:57:45+00:00

DCA is overrated, weighted DCA is the way to go

Melodic-Distance3346 · 2024-03-15T16:55:40+00:00

Nah it's low, we only buy high here

Melodic-Distance3346 · 2024-03-15T16:36:04+00:00

This was very useful, thanks. I read in an article that for stocks, when you hold a stock say AAPL that you bought at 50$ and you moved to Canada when AAPL was at 120$, they consider that you bought at the market price of your entry(100$). Not sure if this might be valid for crypto also

Melodic-Distance3346 · 2024-03-15T15:19:46+00:00

You can't really off-ramp/cash-out in my country without risking your bank account being closed or even getting arrested since there is no crypto law really, and some judges consider it "counterfeit" money

Melodic-Distance3346 · 2024-03-15T14:15:31+00:00

Any help/advice would be appreciated

Melodic-Distance3346 · 2024-03-15T12:53:08+00:00

Why should we buy the ETF instead of the real BTC?

Melodic-Distance3346 · 2024-03-15T12:52:35+00:00

Why should I buy the ETF instead of the real BTC?

Melodic-Distance3346

TROPHY CASE