Bitcoin back above $52,000 ... did you buy the Dip ? How about that BTCC.b ETF ?

in LeoFinance2 months ago (edited)

Did you buy the dip ?

$ 43,717 ... was that the dip ?

It’s easier said than done. It seems to take a long time to transfer fiat to the exchanges these days so I bought a little of the Bitcoin Purpose ETF to hold in my TFSA .... Tax Free Savings Account here in Canada.

BTCC.b on the Toronto Stock Exchange.

I’m starting to get worried about what my taxes might be on a $1 Million dollar Bitcoin that I earned for Free from blogging on Hive and LEO.

Chart: https://coinmarketcap.com/currencies/bitcoin/

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BTCC.b.to ...

Chart: https://ca.finance.yahoo.com/quote/BTCC-B.TO/

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Yes, I did.

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Always good to buy a little.

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This is awesome
People didn't buy the dip will buy now
People buy when they see green

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We will see what happens today. Hopefully back to $ 58,000 .... if not I guess it means more dips to buy ...

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I hear you about it taking forever to get stuff to the exchanges. I am sitting at two weeks waiting for my BTC and ETH to show up in my Bittrex account. I have heard nothing from support and I am expecting the BTC to fail and fall back into my wallet hopefully sometime soon. Who knows where my ETH went! Lost in the ether I am guessing!

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Yeah ... it’s super confusing. I can only figure out how to swap my dust to BNB on Binance so that is all I really do now on the Exchanges.

At least that is something!

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The Tax Free Savings Account and that you have the option of holding BTC ETH shares is awesome.

Finland has a Stock Savings Account but you can only buy stocks, not funds. The only way to gain exposure to BTC that way is to buy shares of companies that hold BTC in their reserves. MicroStrategy is the best way. But if you buy $MSTR, you only get about 30 cents worth of BTC on the dollar, although that seems to be changing as Saylor keeps stacking up on BTC.

Investing through something like a tax free savings account can make a truly massive difference in tax savings when you sell at the top because the cash you get is not taxable income.

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Yeah... Taxes on Crypto gains ...... it’s kind of an important topic. But I don’t see very many people talking about it.

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@nealmcspadden is a Florida-based tax professional who talks about taxes a lot.

I better get thinking about Tax implications too.
We have a Government to unwittingly support.

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