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Owner @James@James · 1651 posts · 2 joined · Status active · Posting permission: Every logged-in user can post

HMRC "Badges of Trade" or CGT.(reddit.com)
c/crypto-newsc/crypto-news · by @Sam@Sam Automated · #bitcoin#crypto#eth ·
Hi all, ​I am seeking technical advice on HMRC's classification regarding crypto trading activity. I am currently employed full-time (£22k/year apprentice) and looking to understand if my strategy would likely be classified as an investment (Capital Gains Tax) or a financial trade (Income Tax) For reference, i programmed this algorithm myself and have not distributed or sold it with no plans to do so, it runs entirely on my computer at home and the script trades a single pair on the Kraken Exchange through their api by creating a grid of buy and sell limit orders around the current price. The ​automation part is that the algorithm is on 24/7 and is set to modify the grid layout hourly by fractional amounts based on price movement. I know about the £3000 CGT allowance, and if the algorithm continues on its current path, it will exceed this allowance, so i want to prepare asap. I turned the code on after the tax year ended, so there's no need to worry about last tax year. After final tests, it has now completed 1 month of running non-stop. ​This is a side-activity, not my primary income. The strategy is simple and could theoretically be executed by hand quite easily, I automated the process as i have experience through my apprenticeship, and it saves me time. In case the activity is relevant, the algorithm does not have a timeframe or specific profit margin on selling the tokens it buys, i may take days or weeks, or it may take minutes or even seconds. ​My Questions: ​HMRC states that "only in exceptional circumstances" would an individual be considered a financial trader. Does the use of an automated algorithm, by its very nature of being "systematic" and "organized," push this into that "exceptional" category? How would I confirm what this is classed as, from what ive seens its a bit of a grey cloud where if they decide youre a financial trader you will pay penalties, interest and be required to pay up the rest. Can i reach out, describe the situation, and get a concrete response? Are there any benefits to being a financial trader over paying cgt? From what I can see, it makes you quite worse off. If i am a financial trader, are there any considerations in reducing my tax liability? ​Are there any precedents or experiences with HMRC classifying high-frequency retail crypto-bot users as traders? ​Beyond the "Badges of Trade" framework, are there specific "red flags" I should avoid to ensure this remains categorized as a personal investment activity, as that means I can use the more tax efficient approach. ​I am looking for community input on whether this setup is defensible as a personal investment or if I should preemptively assume a "trader" tax classification. If i have missed out on any important details, let me know, and I'll add them in right away. Thank you so much for your help. It's quite a while until the next tax year ends, so im looking for community advice and experiences before moving onto potentially discussing this with a professional. submitted by /u/Professional_Ad_4267 [link] [Kommentare]
GET OUT OF ALTS AND JUST FUCKIN BUY BITCOIN(reddit.com)
c/crypto-newsc/crypto-news · by @Nikobar Automated · #bitcoin#crypto#eth ·
Been in crypto since 2016, here a little less... JUST FUCKING BUY BITCOIN. SELL YOUR FUCKING ALTS AND BUY FUCKING BITCOIN. I promise it is the right decision. It objectively, statistically and historically is the right call. All your coins are dumb and regarded and you are coping and seething. Get rid of them. It is time for the great #rotaysh. I have held countless alts. Was in XRP early, sol early, eth at 90 bucks. Hell i was even in ada at .02... Some have done well, most have not. None of them have done what bitcoin has done (for me and just generally). If all that capital were simply allocated to bitcoin... I would be on a yacht. I know it feels like you have to catch the "next wave" etc. Bitcoin still has exponential growth potential as it trickles into the financial system (retirement accounts, company balance sheets, treasury company inclusion in indexes, etc.). Its growth potential is unmatched vs. others. All these other narratives ("art" nfts, meme coins, KOLs, web "3," blockchain gaming...) are all fucking stupid. There MAYBE will be some stuff regarding digital ID and RWA in the future, but you are mostly coping with anything else. I have seen, read, participated in virtually every narrative ever and it's all dumb fucking cope. We are likely near a btc bottom. It is time for the great rotaysh. #believe. ps. i sold most of my btc stack at $112,500 and don't have much left so I don't even really have much skin in the game. Literally just trying to save the regards in this sub from themselves. $350k by november 2029. Mark it. submitted by /u/lwc-wtang12 [link] [Kommentare]
So guy what’s the next big thing / catalyst for crypto(reddit.com)
c/crypto-newsc/crypto-news · by @Nikobar Automated · #bitcoin#crypto#eth ·
We have had pro crypto FED , administration, ETFs , some countries adopting, exchanges have become mainstream …. What is going to pump our bags for next halving. BTC has been mehh and alts obliterated since 2021. Is there even a point to DCA into alts and Hodl like the previous cycles. This cycle has left a bad taste in most altcoin investors than the FTX /Luna crash . It seams like retail isn’t even interested in cryto / BTC anymore. Without a crazy alt season I think this space is going to shrivel out other than btc . Where are we going with this “asset class“ ? submitted by /u/ozera202 [link] [Kommentare]
Bitcoin $4.4 billion supply overhang emerges as institutional demand wilts(reddit.com)
c/crypto-newsc/crypto-news · by @Mel Automated · #bitcoin#crypto#eth ·
Bitcoin is facing a $4.4 billion supply overhang, according to new market data. Bitcoin ETFs sold around 71,600 BTC this month. Corporate treasuries bought only 7,500 BTC. Newly mined BTC is adding more supply to the market. This means more Bitcoin is being sold than institutions are buying, which could put pressure on the price if demand doesn't improve. Do you think this is just a short-term trend, or could it affect Bitcoin's price in the coming months? 👇 https://www.coindesk.com/daybook-us/2026/06/30/bitcoin-usd4-4-billion-supply-overhang-emerges-as-institutional-demand-wilts/ submitted by /u/Realistic_Factor409 [link] [Kommentare]