When i bought MAID, it was tax-free on profits for anything held longer than a year. They changed this a couple of years ago, but still applies to coins bought before the change.
Edit: in Austria
When i bought MAID, it was tax-free on profits for anything held longer than a year. They changed this a couple of years ago, but still applies to coins bought before the change.
Edit: in Austria
Iâm in Portugal currently (Algarve).
Currently itâs zero capital gains tax on crypto held for over 12 months. This was introduced this tax year⌠previously it was always zero. The 12 months only applies to caching out to Euros, so crypto to crypto is not taxable event (so can sell to stablecoins, hold for 12 months, then to Euros with 0 CGT).
Unfortunately the NHR tax regime is no longer available to new residents, so income tax is high.
If you like Spanish, no CGT and no tax on passive income indefinitely, it may be worth considering Gibraltar (Iâm currently looking into it)⌠though itâs possibly harder to get into, and is quite unique & wonât suit everyone.
Anyway, let me know if youâre in the Algarve any time soon if you want to meet for a chat!
Thanks for the info. Iâm actually in the Algarve in May. We will be near Prai de luz.
Do you have a link somewhere that says you donât get taxed when selling one crypto for another?
Are you from the UK?
Iâve been to Gibraltar. Seems a bit dead to me. If we went mainland we would probably be in or near lisbon. We have friends there and like the city.
For folks in most places, if you have enough to bother with, you can set up a âwhole lifeâ insurance plan. You can then gift your assets to it, then loan it back to yourself tax free.
There are many other ways to shelter your assets. Relying on governments to play nice with their laws though can backfire, so be careful out there.
Hereâs one outline:
I am from the UK, yes. Iâm based near Boliqueime, you may pass nearby if youâre going to Luz from Faro.
If you like cities, Lisbon would very likely suit you more than the Algarve, which is pretty relaxed most of the time.
Hope you find a place that suits you well, and feel free to ask any questions.
How does that work?
Dont we need to sign a msg?
If you have the key to sign a msg yout coins are not lost.
This time next year, Rodney!
I would get out long before those numbers, would not want have more then max 5% of my capital in crypto. It can go from hero to zero in 1 day, 2008 crisis x 100.
When reaching certain levels I will be happy to leave the crypto market with 95% of all capital, never looking back.
Where are you going to put that capital? A bank
I recall that @dirvine saying that the shareholders wonât make huge amounts of money from their shareholdingâŚâŚthatâs why the 105 Maidsafe coin for each share @ $10/$30/$70/$130 will never happenâŚâŚsomething will be put in the way to prevent crazy returns happening.
How this affects Maidsafe coin Ive no idea, but no doubt I doubt anyone will make as much as they expect.
ÂŁ5-ÂŁ10 within 18 months
Filecoin is over 5billion USD marketcap ⌠and I believe our tech is far superior and will be more accessible for the average person ⌠hence our network will grow while theirs shrinks.
So 5Billion USD is really something we should be able to attain and maintain early years. If we can keep growing past that, then sky is the limit. Being that our token is scalable and has no fees, we are in another league compared to ALL other cryptoâs just from that one feature.
Long term IMO, barring some sort of network disaster, we will supplant bitcoin as the top token and global cryptocurrency.
Several banks. Because deposite guarantees only up to a certain limit per bank.
a bump in the road to the launch pad for our intergalactic space shuttle, never forget that.
I keep thinking about this. Why would you use any other system
We need to prepare for the fud army.
We may be excited about having better tech, many will be threatened.
You recall much more than I do. That has never been the anticipation. Sure selling private equity shares is no great shape, but the SNT swap allows for max flexibility and a significant return for investors.
Even then, some will still make up crazy insane things like
would be put forward.
Seriously folk need to get a grip. Since 2014 MaidSafe raised funds to make this a huge project at no expense to initial investors. Thatâs 10 years of existing where we should have died. 10 years of building when we could have given up.
People will make what they can when they can and itâs nothing to do with MaidSafe how much that is.
Honestly @WeeBert I have seen some remarks from you that feel personal and without doubt FUD and I wish you could just accept that this is all real, we have worked very hard to get here and hopefully everyone can benefit from the success. I donât think tripping up the runners on the last hurdle is a good move when you have betted on them winning.
Factual. Telling people about it over the years has been met with curiosity only moderately more often than fear and suspicion. A large chunk of people unfortunately seem to have picked up the opinion in recent decades that more freedom is sort of by definition terrifying�
For this reason I wouldnât call it âbetter techâ exactly, but rather, different tech, or human tech. An invitation to step out from under the shadows of the manipulative soul-crushing antipatterns of all this ânew techâ weâve been treated to for years now
Thanks for your reply.
Looking forward to October
I donât understand why people always compare safe network with filecoin and storage projects⌠safe network is the fucking decentralized internet, I think @Bux should change that perception in people and make them see that we are going to break the old internet and sweep it out of the market to all web3 projects in the crypto industry