Everyone ready for the currency corrections that start today and do you know when it ends? $DOGE $HBAR , hopefully it will be for a short time, but normal for those who are on the crypto rollercoaster!
It's wonderful to see the comments on this post, basic math is far from people's fault, the calculation in the post is correct, it's bad that people are saying that if it falls 50% and rises 50% it becomes =
Moyzão
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Basic math: If an asset costs $100 and drops 60%, it goes to $40.
Now, to get back to $100, this asset needs to go up an unbelievable 150%.
It's basic math, you can check it out on your calculator.
This is what needs to happen for most cryptocurrencies to go back to 0x0.
Now I understand why 95% of people in this market are at a loss.
Only the legendary "exponential rise" can now save those who bought before the fall. Those who bought during this fall did well.
The problem with this legendary exponential rise is that I don't see any narratives for this to happen.
Probably the last good news capable of making the market rise will be Trump's inauguration, but after that, what ELSE(?) can boost this market, since at the most propitious moment for a rise, the market almost collapsed.
The crypto market has shown itself to be fragile, falling so much and without really justifiable reasons. Imagine if the crisis that some economists are predicting with sharp deflation and a brutal drop in global liquidity really happens, it will be the end of the crypto market.
Now with a slight rise, everyone seems to forget that altcoins have not yet recovered even 10% of what they lost.
After any significant rise, withdraw your profits, whether large or small, and get out of the crypto market. This whole thing will collapse by 2025. The crypto winter is already coming, you can already feel a cold wind blowing under the door.
"Hain, the institutional pipipi popopo"
The entry of the institutional was the beginning of the end of the crypto market. The market is now just manipulation. How can hundreds of cryptocurrencies (hundreds!!!) drop in price so brutally in the same minute??? You look at the chart of hundreds of cryptocurrencies and see the SAME movement in the exact same minute... But unfortunately, there are too many lunatics and crypto enthusiasts to see things in a cold and rational way.
In my point of view, Doge and BNB have a future, the rest is speculation!
alefevs
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Hi everyone, I'm a civil servant and I'm just starting out in the world of cryptocurrencies. I already have a decent amount of money invested in stocks and other securities. I did some market research and decided to allocate a small portion of my capital to these cryptos, seeking high risk and consequently high return, precisely because it's a small portion of my capital. What do you think of these cryptos? $WIF $DOGE $PENGU
and international ones like binance how do we do it?
Kermit o Sapo
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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.