What Is Bitcoin Tax Loss Harvesting?
Bitcoin is synonymous with its four-year cycles and volatility, providing various trading opportunities. Depending on your timing, you could be in for feast or famine, and very few retail investors are ready for either, making plenty of unprofitable mistakes along the way. A bull market can encourage a lot of risk-taking, risks that can prove […]
5 Reasons Why Bitcoin Should NOT Be Taxed
Taxing Bitcoin and other cryptocurrencies is a hot topic, but let’s face it, trying to tax something that was born to be rebellious is like trying to put a square peg in a round hole. Primarily, Bitcoin, by its very nature as a decentralized digital currency, falls outside the traditional financial systems. It was designed […]
What Are The Tax Implications of Bitcoin?
With the staggering rise and fall of bitcoin, we’ve seen the network settle billions in transactions each year, be that from paying salaries, trading, donations and gifting. As more value flows into bitcoin and value is exchanged on the network and adjacent networks like exchanges, bitcoin holders, investors, and traders may have serious tax questions […]
UK Tax Changes Affect Bitcoin Lending
As someone who is adopting the “forever HODL” approach to stacking sats, looking at ways to add to that current pile was at the forefront of my mind. One of the methods that many use are financial services that offer “interest” if you hold your Bitcoin with them. Some of these are centralised and some […]