Really interesting read, thanks. I look forward to part two.
I recently got into crypto and with a few successful trades decided to see how much I could make with only £20/ $20 seed in 2018. I've written about it here if you'd be up for joining the challenge?
https://steemit.com/cryptocurrency/@rbennett/play-the-2018-crypto-challenge
Good luck!
Sounds like a great challenge.
I’m going to pass, however. At this point, would be too complicated to set apart the funds from the rest of my wallets and accounts, I’m not trading anything that small, and tend to stay away from trading as it’d complicate my tax matters and risk putting me into the full income bracket versus capital gains as an investor.
I do love the initiate, though, and it’d be great to catch on for some of the minnows who are starting out smaller... 😎
Cheers for taking the time to respond. Yeah it can be time consuming and addictive checking the prices all the time ;) and I suppose little upside apart from the fun of taking part for the bigger investors.
Lucky here in the UK that they haven't imposed the tax rule to track every trade like they have in the US this week. Not yet anyway...
Nice.
Yeah, in Canada there is a criteria that separates investing from day trading, which equates to double the tax. I have a lot of appreciation for countries like the Netherlands, as have heard their tax on crypto is only like 2% either way...