First of all thanks for sharing the Elliott wave theory, and you nicely explained the uptrend and downtrend in that 5 waves and those are charts are really friendly to understand, and thanks for sharing the additional news, and it's really pleasing to hear from PayPal that in future Bitcoin can become the payment method, and also thanks for the coin calendar. 🙂
very strange but i think i have unable pay tax because my upvote have no value even i upvote it remains $ 0.000 so i am safe to be asked for income tax.
How is it possible to pay the tax on something that was not earned in your country? SteemIt is not in Norway...
For example, I have Serbian citizenship and French visa, working in France, tax in Serbia - 0.00. And before that, I had some projects abroad, whatever amount I bring with me (several thousand in cache) - nobody knows, nobody asks, tax 0.00.
And I don't understand how can you be taxed for steemit, when it is not convertible currency? It's theoretical value. For example, you get the traffic to your website, it increases in value according to Alexa - but you are not taxed? Or you score on World Cup and your transfer value doubles, but you can't be taxed for that
Could that logic be applied to Bitcoin and other crypto as well you think? Bitcoin is not in norway...or anywhere else for that matter..
I think you make a very good argument. Is Steem any less convertible than Bitcoin? Both can be converted in Fiat. Steem - bitcoin - fiat.
We have to pay tax on ALL trades. If we trade steem for bitcoin - with a profit, we have to pay tax on that particular trade. So imagine all the transactions I have between SBD and STEEM..ICO's..bitcoin to steem, steem to eth..erc20 tokens..bla bla..It will take me years to find the documentation..
Thing is, they consider it securities. If I trade foreign stocks I have to pay taxes to Norway if I profit. Same with crypto currencies. Thats just how they define them here. They are taxed exactly the same way stocks and securities are. Steemit is considered a security not a job I think. Or actually..they probably have no clue what Steemit is. So who knows.
My long experience with the country where not a single man is obeying (all the) rules.
Something is illegal until large number of people is doing that illegal thing.
After that critical point, not a single government will impose the law - because it can't.
First of all thanks for sharing the Elliott wave theory, and you nicely explained the uptrend and downtrend in that 5 waves and those are charts are really friendly to understand, and thanks for sharing the additional news, and it's really pleasing to hear from PayPal that in future Bitcoin can become the payment method, and also thanks for the coin calendar. 🙂
Stay Blessed.
Thanks! Just in case anyone wonders..the "c" should be closer to the "4"..but you get the general idea :)
Welcome and yes, these charts are effective and easy to understand. 🙂
oh now we have to pay tax on every upvote .
very strange but i think i have unable pay tax because my upvote have no value even i upvote it remains $ 0.000 so i am safe to be asked for income tax.
Perfect! :D It was mostly a joke to illustrate how retarded current tax legislation is, and how it's not compatible with the crypto world :)
i think btc will go retest the 6000 support
Meh...maybe :) Doubt it
I have a question about the taxing...
How is it possible to pay the tax on something that was not earned in your country? SteemIt is not in Norway...
For example, I have Serbian citizenship and French visa, working in France, tax in Serbia - 0.00. And before that, I had some projects abroad, whatever amount I bring with me (several thousand in cache) - nobody knows, nobody asks, tax 0.00.
And I don't understand how can you be taxed for steemit, when it is not convertible currency? It's theoretical value. For example, you get the traffic to your website, it increases in value according to Alexa - but you are not taxed? Or you score on World Cup and your transfer value doubles, but you can't be taxed for that
Could that logic be applied to Bitcoin and other crypto as well you think? Bitcoin is not in norway...or anywhere else for that matter..
I think you make a very good argument. Is Steem any less convertible than Bitcoin? Both can be converted in Fiat. Steem - bitcoin - fiat.
We have to pay tax on ALL trades. If we trade steem for bitcoin - with a profit, we have to pay tax on that particular trade. So imagine all the transactions I have between SBD and STEEM..ICO's..bitcoin to steem, steem to eth..erc20 tokens..bla bla..It will take me years to find the documentation..
Thing is, they consider it securities. If I trade foreign stocks I have to pay taxes to Norway if I profit. Same with crypto currencies. Thats just how they define them here. They are taxed exactly the same way stocks and securities are. Steemit is considered a security not a job I think. Or actually..they probably have no clue what Steemit is. So who knows.
My long experience with the country where not a single man is obeying (all the) rules.
Something is illegal until large number of people is doing that illegal thing.
After that critical point, not a single government will impose the law - because it can't.
Do you think the major correction is already over?
No..maybe..probably not. I still think we can see 9000 again
The graph fits the pattern nicely!
But in all honesty; I have to read up on the Elliot waves to make any sense of it 🙂
SELL, SELL, SELL.
I will be good for us and buy less expensive.
hey..your post so good and informative thanks for sharing
Good analisis ...thank you very much
You got a 12.69% upvote from @buildawhale courtesy of @scandinavianlife!
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