Reply With QuoteBinance website not accessible in China anymore.
Bandwagon and fomo, that’s who they are trying to target.Originally Posted by adam164
Cheers..
Jase
Binance website not accessible in China anymore.
Someone who lies about the little things will lie about the big things too.
I may well have missed it but Santander are stopping users of Binance transactions to purchases crypto. Just received an email about it now.
Santander joined Barclays as the latest British high street bank to block retail
customers from sending money to Binance, following the UK financial watchdog’s
warning about the international crypto exchange.
The bank notified customers that it would stop payments from their accounts to
Binance “wherever possible” starting from Thursday, but would still allow them to
withdraw cash from the exchange.
...
Barclays stopped payments to Binance on Monday, citing the FCA’s warning.
NatWest said last week it had blocked payments to “a small number of
cryptocurrency asset firms where we have seen particularly significant levels of
fraud-related harm for our customers” without naming Binance.
Customers at the bank have told the FT that they cannot send money to the
exchange.
https://www.ft.com/content/a699c495-...d-73571daa77a1
Drip, drip, drip...
Good to see Barclays at the forefront of this.
A bank you can trust.
https://www.google.co.uk/amp/s/www.c...n-arrears/amp/
https://www.google.co.uk/amp/s/amp.t...-us-settlement
And Santander too, great people.
https://www.ftadviser.com/investment...closures-loom/
Last edited by demonloop; 8th July 2021 at 20:50.
The pumps are getting lamer and lamer. A measly 5% jump on this one:
Someone who lies about the little things will lie about the big things too.
Tax question
Amir is saying you pay income tax on mined coins, even when mined abroad and received into a UK account , ( offset with costs ) and then have to declare capital gains tax when you sell?
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As far as I know, mining is classed by hmrc as trading so income / corp tax will apply in the normal way. Coins bought for speculation will attract CGT when the gain is realised (coins sold back to Fiat)
I’m far from an expert though (before Raffe tells you all in his usual polite manner)
Lol Raffe can use whatever manner he wants as it's free advice for the end user
Just reading now, as it's a new adventure for me
I think passive investors do not need to declare income tax if, as I will be doing , receiving coin as a air drop for doing f all, and it's not used for profits , only for future resale. At which point you pay capital gains on the whole amount, easier to work out a d cheaper than income tax on book value then capital gains on the difference, for those I'm UK 40% tax band
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If it's UK taxation then it might be worth checking the HMRC Cryptoassets Manual. (Assuming you haven't already done so.)
Sorry but have to disappoint. I know FA about UK taxation of mining/trading.
I only know that my trading is subject to capital gains taxation where I live.
Someone who lies about the little things will lie about the big things too.
After trading with diminishing volatility in a relatively small range for two weeks, I expect a rather large move to occur in the next days.
However you draw the trendlines (and I don't claim to be good at it, never was), this will have to resolve with a break-out one way or another:
Someone who lies about the little things will lie about the big things too.
Setup a ltd company .
Offset setup costs and running costs against turnover.
Maximise tax efficiency by buying anything you require within reason through the company ( laptops , mobile phones , cars )
Take the profit as a pension payment ( up to £40k a year) .
Food for thought thanks, ours is a relatively small mining operation , 3 pcs , might be worth just staying as passive investor as I'm not running the PC
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One of the thousands of pump and dump schemes in crypto: in three hours this telegram channel will announce an organised pump for a shitcoin.
https://t.me/TodayWePush
All perfectly visible, not even an attempt to hide it. Many people will try to play, yet the organisers will have bought before they release the name of the coin and will throw their supply on the market as soon as it has moved.
Will report back what happened later.
Someone who lies about the little things will lie about the big things too.
Here is what happened: exactly as I expected, the people running the channel were loaded and sold into the pump. Bagholders are stuck with losses.
No surprise, exactly as planned. And since it's only crypto and not listed securities, no regulator gives a sh/t and they'll do it again in a week.
Someone who lies about the little things will lie about the big things too.
Hmmmm.
I very much doubt that scheme will work more than one or twice. Not may who were left with a bag will try it again.
Plus, it did't really pump like they were suggesting (1000%), what was it in percentage terms? Less than 40%?
I'd guess it'll be a short lived scheme that the regulators need not worry about anyway.
Oh I think they are worried alright, just need to figure out how to tackle it. Same way HMRC are battling to figure out what to do
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Instagram is full of meme pages which have organised pump and dumps of crypto.
One of the latest even had a rented Bugatti, Ferrari and Lambo wrapped in the name of the coin by Yiannimize (very famous wrap company with a massive following) which added to the credibility and no doubt made some on the fence join in and others already in double down.
I popped into the telegram channel and it's full of bag holders wishing death on the admins and IG meme page owners as they put in everything they had and even leveraged using payday loans to buy in.
It'll happen again and again. The boys who were (and sometimes still are) offering to teach you how to trade for money have branched out. Kids as usual being taken advantage of.
Last edited by wileeeeeey; 12th July 2021 at 10:21.
Exactly this. Been going on for years...the pump and dump scams were commonplace back in the 2017 rise of crypto. All you need is a constant stream of kids or the gullable.
They do it every couple of weeks, only need a break in-between in order to reload followers. I suppose followers try it for two or three times before they realise they have been had.
Pumpers promise 500%, most channel members think they play it safe and want to dump at 200 to 300% - but the pumpers throw their stuff out at 150% already and that's it. So everybody tries to betray everybody else only the scammers are best at it and take home the pot.
Someone who lies about the little things will lie about the big things too.
You've got to be pretty stupid or have a childlike mentality to fall for this though. Anyone with a brain would immediately understand its set up for those running it that know what they are about to pump. I can understand a few falling for this three or four years ago, but you've got to be an idiot at this point.
An idiot and his money are easily parted
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You won't believe this: next pump just scheduled.
Someone who lies about the little things will lie about the big things too.
Gives us reputable miners a bad name
What a load of bollox as well, platform 'Binance', yeah right, will be on them all
Just scamming crooks
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Last edited by Daveya.; 12th July 2021 at 14:07.
"Shares of MicroStrategy Inc. MSTR, +1.65% rallied 2.3% in afternoon trading Friday, after the enterprise software and bitcoin play disclosed that Capital International Investors had acquired a large equity stake. In a filing with the Securities and Exchange Commission, MicroStrategy said Capital International, with nearly $400 billion in equity investments, now owned 953,242 shares, or 12.2% of MicroStrategy's Class A shares outstanding, which would be enough to make Capital International the second largest shareholder, according to FactSet."
https://www.marketwatch.com/story/mi...ake-2021-07-09
Having had chance to reflect on it over the weekend, it appears that the punters may not be so happy about the news after all.
- - - Updated - - -
"Shares of MicroStrategy Inc. MSTR, +1.65% rallied 2.3% in afternoon trading Friday, after the enterprise software and bitcoin play disclosed that Capital International Investors had acquired a large equity stake. In a filing with the Securities and Exchange Commission, MicroStrategy said Capital International, with nearly $400 billion in equity investments, now owned 953,242 shares, or 12.2% of MicroStrategy's Class A shares outstanding, which would be enough to make Capital International the second largest shareholder, according to FactSet."
https://www.marketwatch.com/story/mi...ake-2021-07-09
Having had chance to reflect on it over the weekend, it appears that the punters may not be so happy about the news after all.
Today's BTC related declines have been across the board on all BTC related derivatives, ETFs and BTC mining companies.
I think it's due to the weekend's rumours that Apple would announce they'd bought a lot of BTC today, so far, being proven untrue.
So those who's bought in on the rumour, sold. Simple as that.
So the buying didn't make the prices rise but the subsequent selling made it go down?
There is really no amount of bonkers that can't be sold to the gullible.
Someone who lies about the little things will lie about the big things too.
As expected, we got a break-out:
MicroTragedy is following suit, pre-market at $578. A lot of space to the downside from here. I am loaded with puts.
Someone who lies about the little things will lie about the big things too.
More FUD:
Someone who lies about the little things will lie about the big things too.
And Argo could likely soon see the wrong side of 100p. (On its journey to 400p, of course.)
I hear it will go to 50p....and then it will go to £3 and beyond.
So all according to plan.
Someone who lies about the little things will lie about the big things too.
Somewhat interestingly, the JP Morgan cryptocurrency basket, of which I have heard nothing since it's launch at the end of March, appears to be keeping its head above water despite the weighted exposure to both MicroStrategy and Riot Blockchain. Checking my rudimentary spreadsheet it is currently up just over 8%, excluding fees commission and tips to the bellhop.
For comparison, over the same time span Bitcoin has fallen just under 44%. (The fund launched a few days before Bitcoin peaked.) The S&P500 and Nasdaq have risen ~10.5% and ~11.5% respectively with the FTSE increasing ~6%.
For a local point of reference I believe that a studied selection made at around the same time by noTAGlove is up approximately 9%, excluding fees etc.[1]
[1] A cross check on that number would be very welcome.
Bought the dip already?
Someone who lies about the little things will lie about the big things too.
Oopsie. A little more FUD.
But I can still withdraw using Philippine Pesos and Dogecoin, so all good.
Someone who lies about the little things will lie about the big things too.
Still think that?
If you still have money or coins in Binance or own any stablecoins, get out NOW.
Edit: You may want to read this:
Last edited by Raffe; 14th July 2021 at 07:53.
Someone who lies about the little things will lie about the big things too.
Yawn.
It's all going according to plan:
Someone who lies about the little things will lie about the big things too.
Buy a chunk while it’s on special offer!!
Last edited by mr noble; 14th July 2021 at 08:31.
How’s tether getting on? Are they any closer to implosion?
Who knows?
What are the likely triggers for an eventual implosion?
- run on capital
- regulatory action
- criminal action
- trust erosion
Any of them could happen, suppose it's a question of how and when rather than if.
Someone who lies about the little things will lie about the big things too.
Buy a chunk while it’s on special offer!!
Last edited by Raffe; 14th July 2021 at 10:00.
Someone who lies about the little things will lie about the big things too.
I had some IDT sat on Binance as my wallet doesn’t support it. Traded for Bitcoin and safely withdrawn to my wallet. Took 15 mins.
The only downside - it was 190USD when I’d bought for 500USD. Ouch.
Sensible.
Someone who lies about the little things will lie about the big things too.
Only cause I decided to keep that potentially stupid decision to myself. But thanks for sharing. You're a star.
Well, you shared it, chief.
Deleted now.
Someone who lies about the little things will lie about the big things too.
It’s my standard style of investing.
Buy a share
Wait for it to drop 50%
Buy a whole lot more to bring average down
Pray it goes back up
Sell at break even.
Bingo!
My other investing speciality is to buy high and sell on the dips.
It’s a great way to turn a big pot of cash into a smaller pot of cash.
This is how my trading affected portfolio construction during the last weeks:
Someone who lies about the little things will lie about the big things too.
I sold my £100 of dogecoin today for £52 following comments on here. It was transferred to my binance account but am unable to transfer the funds to my bank due to "maintenance". We shall see, anyone else having this issue?
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