@HODLCommunity presents to you the 135th LeoFinance Curation Post
We feel very excited as we think we will address one of the most important issues on the leofinance.io platform: Curation.
We truly hope, big stakeholders will support this initiative in order to spread rewards to some amazing writers.
Our goal is to support content creators and generate qualitative interactions between LeoFinance users.
We will set a 5% beneficiary for every author selected in this curation report.
So Lions 🐯, let's roll !
Different ways to directly use Crypto for payments without paying tax though withdrawal by @bala41288
India is introducing a 30% flat tax on crypto earnings. This was announced as part of the budget announcement a few days back. Though this came out as a surprise, we are at least happy that we don't have a full ban on Crypto in India. That's definitely a good thing. But taking a flat 30% tax on our crypto is something that is very painful. Especially people who are having Crypto as their only source of income would find it very difficult.
There are a few ways in which we can directly use Crypto for payments instead of taking it out to the real world and making use of it. I found quite a few ways in which we can make use of our crypto directly. I wouldn't say that these are all ways to cheat the government or mitigate the tax but right now these are all workarounds.
P2P trading
Paying bills directly with Crypto
Cryptorefills ...
The author shares some important ways that you may need to use for the future. As you know, the governments are working hard to find the best way to tax crypto investments and trades to make gains. While the existing taxation cases are not really crypto-friendly, I have faith in the upcoming taxation cases to be adopted by many governments.
In case you need, it is better if you bookmark these options 😅
Is the New Infrastructure Bill Really Anti-Crypto? by @cryptictruth
I think there were many misconceptions surrounding the bill. My initial reaction was it was written to deliberately reduce cryptocurrency usage and kill the industry. There's lot of drama and conspiracies in the space. I once believed there was hidden malicious intent behind the excessive reporting requirements which will act as an incentive to decrease the usage of cryptocurrencies. Governments are worried about crypto that's fact, but some governments realize that this technology is not going away and are trying to navigate this regulatory landscape to not stifle innovation or financial gains they could see.
The Infrastructure Bill will not impact crypto investors for some time as the new requirements won't come into effect until January 2024. The industry is so new I can only imagine how much will change in 2 year. Right now, the crypto industry is already lobbying for clarification on certain aspects of the law. As it stands, there are tax and privacy implications for crypto investors, but honestly it's not far off from current fiat ands stock laws already in place.
This is one of the most informative posts that I've read today. Since I do not live in U.S, I was not aware of the declaration of infrastructure bill and its components. As far as I see, the crypto ecosystem was not one of the topics that are prioritized with this bill.
Crypto ecosystem cares a lot about the point of view by White House as we can feel the importance of the market in USA the moment the hype drives all American crypto enthusiasts. I'm sure the government would not disregard the technology and the potential of the cryptocurrencies that exist today.
Return of the Jedi by @muratkbesiroglu
Last night, the bulls finally took control and there was a strong rally in the market that has not been seen in the last 3 months. The 4-hour chart below shows us more clearly what has happened. On January 21, when the downtrend line and the 41k resistance line approached to converge, the Bitcoin price went above the trend line, but when it could not hold there, there was a decline that extended to 33k. After a period of consolidation that lasted for about 10 days, Bitcoin price tried to rise above the downtrend line again. Last night's rally started when it was tested and confirmed to be permanent above the downtrend line. As seen in the chart, Bitcoin's price has risen above the 41k resistance.
MACD was giving a 'buy' signal 3 days ago, the situation has not changed.
The RSI has risen above the 50 levels, which can be interpreted as prices are now in an uptrend.
The 10, 20, and 30-day moving averages have been breached.
Is it time to be hyped for another bull-run? Actually, the parameters may look good but what bothers me about the trend of crypto market is the global risks that directly affect all of the branches of economy.
I've been thinking that the downtrend is about to end soon but I do not expect any serious increase in the market before March 2022 due to the increase in the interest rates by FED. However, as long as the crypto market stays strong, we will see new ATH levels this year IMHO 😎
Here's why I couldn't care less what billionaire investors say about crypto, and neither should you by @leftfootedduck
With the 'argument from authority' strategy you're esentially using the influential power of a public figure as self-evident proof to back up your argument, but the opinion of an authority is only relevant if everyone in the conversation believes in the authority. That's like saying it's true because "it says so in the Bible", that's all you need to know if you're Christian but it's obviously irrelevant if you're agnostic or follow a different religion.
we should bear in mind that most billionaires became successful for one of two reasons: they were either right more times than they were wrong, or they were right once but that one time was enough to make them billionaires. Warren Buffet, for example, most likely falls under the first category. Jeff Bezos probably falls in the second category. But that doesn't mean that either of them is 100% right, 100% of the time.
Do you remember the times when there were people who kept saying Bitcoin will go to 0? I still vividly remember the days that these mad people continuously speculated about Bitcoin and all other cryptocurrencies back in years.
When we come to 2022, we do not give any possibility for Bitcoin to go below 20k which was the ATH level of 2017-2018 bull-run. Even if a person bought BTC from ATH level of these days, today there is no way that this guy can lose money. I never forget that the crypto ecosystem is powered by a revolutionary engine that is called blockchain. Let people speculate 💁🏼♂️
Binance And GameFi (IGO) ... by @eddiesun
For someone, who is new to Hive and wants to buy some Hive tokens, I am happy to share with you a recent announcement by Simplex, which is an EU Licensed financial institution and level 1 service provider, adding Hive to its platform where users may now be able to trade Hive with Fiat through credit card payments.
The good thing is that according to Simplex they support 125+ cryptos and 110 Fiat currencies with 350+ partner integrations that are globally accessible.
I have seen a few users replying to to the tweet saying that Simplex should also add HBD. It would be cool to have HBD listed as well on Simplex but guys relax for some time, let them experience the fruits of it, then they might also think of listing HBD.
To be honest, I did not know about the scope of Simplex before reading this post. As it's seen, Hive is listed in a great exchange where we will be able to reach millions of people in a short time with several pairs.
What's good about Hive is the free advertisement and community-driven nature of our great ecosystem. I'm expecting Coinbase, FTX, Okex and other giant CEXs to list Hive pairs in a couple of years ✌
This post is created by @idiosyncratic1 to curate quality content on LeoFinance.
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