Regarding the DIGITAL WALLET, why can't I do it through Binance Brazil? It says there are restrictions.
Lorette Sherrock
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BLOCKCHAIN
Helping beginners better understand what it is. Blockchain is a kind of digital ledger or record that is shared and distributed among many computers. Blocks: Think of blockchain as a chain of blocks, where each block contains a set of information. This information can be financial transactions, contracts, or any other type of data that you want to record. Decentralization: Unlike a traditional bank where everything is controlled by a single entity, in blockchain, data is maintained by a network of computers. No single computer or entity controls the blockchain; everyone participates.
Guys, tomorrow is payroll day, and we all know how this data can impact the market. Let's hope that the result is favorable and brings good opportunities! 🙏 May everything be aligned with our strategy and may the right decisions be made. Good luck to everyone, and may we have a positive and prosperous day! 💼📊 #BullCyclePrediction #MicroStrategyAcquiresBTC #BinanceAlphaAlert $BTC $ETH
Hey guys, check out the New Rules for Declaring Cryptocurrencies on Income Tax Returns. What do you think about this?
Despite the lack of specific regulations, the Court of Justice of Rio Grande do Sul (TJRS) has already recognized the possibility of seizing cryptocurrencies in legal proceedings, considering them financial investments.
The Federal Revenue Service requires that cryptocurrencies be declared on Income Tax Returns by individuals and legal entities, if the acquisition value of each type of crypto asset is equal to or greater than R$5,000.00. In 2023, more than R$1 billion in crypto assets were not declared. Those who failed to declare them must regularize the situation to avoid fines and problems with the IRS.
The declaration itself does not generate tax, but the profit on the sale (capital gain) does, if the total sold in the month exceeds R$35,000.00 in national brokerages. In this case, the tax varies from 15% to 22.5% on the profit, depending on the value of the gain, and must be paid by the last business day of the month following the sale, through the GCAP system and issuing a DARF. Failure to pay or declare may result in fines and interest. For sales through foreign brokerages, the rate is fixed at 15%, without the R$35,000 exemption.
Example: If someone bought R$5,000 in Bitcoin and sold it for R$50,000, the tax will be 15% on the R$45,000 profit, totaling R$6,750 in tax. Simply owning the cryptocurrency does not generate tax, only selling it at a profit.
One strategy used to reduce the tax is to divide the sales into different months, taking advantage of the R$35,000 monthly exemption, but this can trigger considerable losses due to market volatility.
Yesterday, I bought 5 coins for a total of 2500. I also set aside 1000 in reserve — just in case I need to buy more during a dip.
From now on, I plan to add 1000 to the reserve every month, solely for buying opportunities during market dips. This is a long-term strategy for 1–5 years, but I’ll adjust based on the situation.
I might add one or two more coins to my portfolio if I see potential, but no rush for now.
How do you manage your portfolio? Do you stick to a strategy or rely on intuition? Let me know in the comments!
A quarter-billion believers, dreamers, and innovators. Binance has turned ambition into reality! 1 billion users isn't a dream anymore—it's a benchmark within reach. Crypto is the future, and we're building it together.
All bearish....Again, regardless of the tweets and candles, it's the investor who suffers for 3 weeks now. About 30% or more of their investment has gone to the whales pockets. No surge, no candle up, no bull and no tweet working. Keep you investment safe the way you can. Stop losing your brain and eyesight. You have to wait for the good times and it's still faaaaar.