Breath of fresh air to find a British crypto youtuber that isn't a scammer
@cryptouser7Ай бұрын
Do you know of anymore reputable British crypto channels or advisors?
@321TdogАй бұрын
@@cryptouser7 Nah, I wouldn't count Coin Bereau as one tbh since he lives in Dubai. Kiran Kaur has done videos about Crypto tax but wouldn't really call her a "crypto channel"
@thecoinknowledgeАй бұрын
Thanks, really appreciate it. Just trying to add as much value as possible while promoting the crypto space
@hypnoticmonkeeАй бұрын
One day I'll be in contact with this guy for his services
@ccc-nb5ymАй бұрын
Finally, a calm, sane voice in a very noisy crypto world! Thank you!
@thecoinknowledgeАй бұрын
Thanks, glad it was useful!
@jideoni4870Ай бұрын
Many thanks James. I really do appreciate your crypto educational videos. We need you more in the UK for further educational guidance and pointers. Many thanks
@thecoinknowledgeАй бұрын
Thanks very much, glad the videos are useful!
@octofan420Ай бұрын
Great video, James - very level headed advice. One danger of "roundtripping" (waiting for a 10x that never comes - and letting it ride for 4 years) altcoins is that most altcoins lose 90-95% of their value in the bear market - and a high percentage never recover.. so you're gambling on the longevity of your favourite alt - and you'd be lucky to guess every one that will flourish - so having a strategy to not be left 'holding the bag' is so important.
@Compo67Ай бұрын
Excellent advice, very succinct and covers the subject really well. Well done ☺️👍
@thecoinknowledgeАй бұрын
Thanks very much, glad it was useful!
@tobias88-Ай бұрын
Very informative video so easy to get caught out can be over whelming when the market rockets.
@thecoinknowledgeАй бұрын
Thanks, glad it was helpful!
@raysgadgetsandprojects1734Ай бұрын
Another great video.. Can you do a video on when we do sell what exchanges including DEXs and CEXs to sell and how to transfer funds and which ones and methods are the best. I think this will be very helpful to many crypto users
@domf3681Ай бұрын
Very sound advice! I’m also assuming peak bull run around Q4 2025 but cautious of a change in cycle patterns so likely take profits earlier and focus on specific price targets rather than timelines ($ADA & $ERG mainly)
@jonbarker92Ай бұрын
I'm selling some of my stash incrementally on preset days. Hopefully, I'll get a decent average. Having predetermined selling dates will hopefully take the emotion out of it. Thanks for your videos and commentary
@BF1GUNАй бұрын
For what it's worth, here's my advice, and I never take my own advice!, if you get to a financial position that you feel would make a difference to your life or, you could not live with yourself if you lost it, take the money and put it to good use.
@bitcoinpsychoАй бұрын
Great stuff. Keep up the good work
@thecoinknowledgeАй бұрын
Thanks, glad it was useful!
@dineshmistry8902Ай бұрын
Thnx JAmes... .BTC hit 92k today
@thecoinknowledgeАй бұрын
You're welcome! Yes, it was under 54k in September...
@SteveAldousАй бұрын
Excellent video, thank you
@thecoinknowledgeАй бұрын
Thanks, glad it helped!
@jayonenote7527Ай бұрын
Thank you
@thecoinknowledgeАй бұрын
My pleasure!
@MrKevSm1thАй бұрын
Thanks dude.
@thecoinknowledgeАй бұрын
No problem, glad it's helpful!
@rossward7801Ай бұрын
Thanks for this James.
@thecoinknowledgeАй бұрын
My pleasure, glad it was of use!
@manuvats523Ай бұрын
Hi James - Brilliant content once again. For UK citizens, can you post a video of how to withdraw funds to their bank account. The use case here is that: As a Investor, hypothetically if make 1 million pound, how do i withdraw 1 million into my bank account. What should be the strategy ? Do i withdraw daily £10,000 or a lower amount ? A video would be really good mate!
@redrizla2010Ай бұрын
dollar cost averaging
@timothycook5880Ай бұрын
Thank you. Does anybody know if you can offset charity donations in crypto before you have to pay capital gains tax?
@shakilabi2816Ай бұрын
Great video once again , I was wondering if you have done a video on the iso messaging standard and what it means for crypto, thanks
@thecoinknowledgeАй бұрын
Thanks, glad it was useful! No, I haven't done a video on ISO 20022 etc.
@prisolАй бұрын
holding vs taking profits section - any tax implications for selling were not taken into account
@thecoinknowledgeАй бұрын
True, thanks. I did work it out at a BTC price of just over $80k though, so the gain will be higher now if anyone sold...
@akastewartАй бұрын
On your buy-sell-buy projection, you didn’t account for Capital Gains Tax. You wouldn’t have the full ‘£55K’ to reinvest at the next cycle bottom, so wouldn’t be able to buy 2.75 BTC. I appreciate that you were simplifying the principle, but imo, it was worth mentioning that CGT would likely be liable upon the sale at £55K.
@thecoinknowledgeАй бұрын
Yes, thanks for flagging. It depends where the viewer is in the world, but I could definitely have briefly mentioned CGT there
@akastewartАй бұрын
Having thought about it a little more, I realised that I was somewhat mistaken and that you could actually flip the entire 55K back into buying back in. While the first sale would accrue a tax bill, it wouldn’t necessarily be due immediately. So long as the sale (taxable event) was tracked, the tax on that first sale could be payable by later selling a portion of the 2.75 BTC, when self-declaration period is due. (Obvs, the sale of the BTC to pay the CG tax bill would itself constitute a taxable event, so there’s that to consider too.) It depends on when each transaction occurs in the tax period, but the smarter option is definitely to prioritise directing the funds back into accruing the assets, and deferring the tax bill till as late in the tax period as possible. This approach should leave you holding as much BTC as possible after having paid any CGT due. (The above is wrt the UK CGT landscape.)
@martinwilby8942Ай бұрын
the real big move will come in about 5+ years after gov have tried cbdc , and realise bitcoin cant be beat
@cryptouser7Ай бұрын
What will happen them low tax on crypto profits?
@citronbagelsАй бұрын
Um… the content of this video does not match the title James… at no point did you describe “the best crypto strategy” you just listed the multiple possible strategies…. If you click bait too much you will lose viewers.
@DafyddMorseАй бұрын
The best clearly depends on your individual goals and circumstances. James did say that.