Welcome to the Daily Crypto Discussion thread. Please read the disclaimer and rules before participating. Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here. Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams. Rules: All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect. Discussion topics must be related to cryptocurrency. Behave with civility and politeness. Do not use offensive, racist or homophobic language. Comments will be sorted by newest first. Useful Links: Beginner Resources Intro to r/Cryptocurrency MOONs 🌔 MOONs Wiki Page r/CryptoCurrency Discord r/CryptoCurrencyMemes Prior Daily Discussions - (Link fixed.) r/CryptoCurrencyMeta - Join in on all meta discussions regarding r/CryptoCurrency whether it be moon distributions or governance. Finding Other Discussion Threads Follow a mod account below to be notified in your home feed when the latest r/CC discussion thread of your interest is posted. u/CryptoDaily- — Posts the Daily Crypto Discussion threads. u/CryptoSkeptics — Posts the Monthly Skeptics Discussion threads. u/CryptoOptimists- — Posts the Monthly Optimists Discussion threads. u/CryptoNewsUpdates — Posts the Monthly News Summary threads. submitted by /u/AutoModerator [link] [Kommentare]
Subject remains stable despite sustained exposure to elevated shitcoin doses. Vitals: orange-pilled, unbothered, possibly immune. Increasing dosage tomorrow per peer review (yesterday’s PEPE injection showed promising early results). Top voted comment gets added tomorrow. Yesterday’s winner was PEPE. And remember, boys. Science requires sacrifice. submitted by /u/GrannyRocketeer [link] [Kommentare]
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]
A Processing-in-Memory technique that exploits SRAM bitlines and sense amps to perform computation directly inside caches.
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