Crypto currency

BELMORE

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I dont plan on withdrawing anytime soon
Don’t need to withdraw for it to be taxable event. Trading any coin for AUD (whilst always leaving it in a wallet) is a taxable event. Changing wallets is also a taxable event.
 

UmoGus

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Don’t need to withdraw for it to be taxable event. Trading any coin for AUD (whilst always leaving it in a wallet) is a taxable event. Changing wallets is also a taxable event.
I meant I won't be selling my coins . All just sitting there long term.

But iv already got tax software that tracks it for me
 

Natboy

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Is now a good time to jump into it? Havent been following it
Yesterday would’ve been better. I still think it will go up but there’s better value waiting until it drops again if possible
 

UmoGus

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Yesterday would’ve been better. I still think it will go up but there’s better value waiting until it drops again if possible
I'll have to look into it bro. Thank you
 

Kung fu man

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I'll have to look into it bro. Thank you
Whenever you buy you take a chance it will go up, but it may go down, its not a short term thing crypto you have to be prepared for the long haul
 

UmoGus

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Whenever you buy you take a chance it will go up, but it may go down, its not a short term thing crypto you have to be prepared for the long haul
Yeah im not in it for the short term. I researched extensively the coins i invested in
 

CrittaMagic69

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What's this axie infinity thing?
 

Mitch Connor

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Gotta be careful with the taxes guys. ATO will data match and catch up in a few years.
I just did my return the other day and was shocked I had to give my crypto details lol
 

BELMORE

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I just did my return the other day and was shocked I had to give my crypto details lol
Yeah it’s already being matched up.

If you have a certain amount of transactions they already know that you have traded so will prompt you to enter it when you are submitting your return.
 

Noeasyday

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Any crypto on people's radar atm?
I've been accumulating XRP over the last couple of months.
 

Doogie

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More interested in trading software. Signed up with Kraken but the cnts make me purchase in fkng euros. Doing my head in. Suggestions????
 

Noeasyday

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More interested in trading software. Signed up with Kraken but the cnts make me purchase in fkng euros. Doing my head in. Suggestions????
I use Swyftx, seems straight forward enough to me
 

Natboy

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More interested in trading software. Signed up with Kraken but the cnts make me purchase in fkng euros. Doing my head in. Suggestions????
CoinSpot is very easy to use
 

Wahesh

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CoinSpot is very easy to use
Same - CoinSpot is what I use. I just started on the weekend with something small - $10 - and so far made $4 on that. Just log off and wake up in the morning and you’re usually up. I’ve invested in 4 at the moment.
 
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Natboy

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Same - CoinSpot is what I use. I just started on the weekend with something small - $10 - and so far made $4 on that. Just log off and wake up in glitches morning and you’re usually up. I’ve invested in 4 at the moment.
It’s going strong at the moment. I’ve hit an all time high. I just wish I bought more Shib but went with more cardano instead :(
 

Wahesh

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It’s going strong at the moment. I’ve hit an all time high. I just wish I bought more Shib but went with more cardano instead :(
Hey did you get $10 in bitcoin value when you made your first purchase? I did but I don't recall if they only give you $10 only, or equal to what you invested in. Pretty good for CoinSpot to do that. I'm thinking of selling my other investments once I make a bit more money so I can make made what I invested then just let the others sit there and inflate.
 

N4TE

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I like telling this story because it makes me feel
better about myself . and because he reads this page ha ha hello Adan… so I’ll post it every new page of the thread.

When bit coin reached $42,560 AUS dollars a coin last year. I have a mate that had 60 Bitcoin right right right back in the day from memory dropped $10,000 on them because he had just got a inheritance so about $166 a coin and I remember thinking he was absolutely nuts. Anyway he showed everyone and sold them when they hit $1000 or so a coin and did very well the smart arse but this number must sting a bit would be $2,553,600. Having said that I really don’t know how easy it is to sell them ect

Also we still meeting Saturday at 12:00pm at the Henson?? You can buy me a beer you almost rich prick.
 

Natboy

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Hey did you get $10 in bitcoin value when you made your first purchase? I did but I don't recall if they only give you $10 only, or equal to what you invested in. Pretty good for CoinSpot to do that. I'm thinking of selling my other investments once I make a bit more money so I can make made what I invested then just let the others sit there and inflate.
I don’t think I got anything free. That’s really good though. I’d buy when it dips again and yep sit on it, particularly ETH, XRP, BTC & Mana, Shib etc if you want a bit of a gamble. There is heaps though
 

Wahesh

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I don’t think I got anything free. That’s really good though. I’d buy when it dips again and yep sit on it, particularly ETH, XRP, BTC & Mana, Shib etc if you want a bit of a gamble. There is heaps though
My other 2 are Ethereum and Solana, but yeah it's good to look at the market constantly and take experts advice. I might put a bit more on Shib in a few days. Solana is one that looks to be strong in the future due to the projects they're working on.
 
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