Hey fellow Leafs.
I'm thinking about dumping some of my index etf in my TFSA account to buy QBTC bitcoin fund.
I don't know much about Bitcoin. I hear there is a premium on it. There's also a lot of premium on crypto exchanges.
What should I look out for?
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I'll give you a bump.
Any OG LINK Leafs able to figure out how to cash out big this coming GBR? feels like im going to get cucked with taxes and the banks refusing the withdrawals from the exchanges
Get your institutional mind unbrainwashed, fucking open a coinbase account and buy physical bitcoin. You get nickel and dimed if you buy a bitcoin etf
I thought about giving my coins out as gifts to friends who will just later gift them back to me but apparently gifts are taxable here. Probably just won't pay my taxes.
Yo retard face the whole point of bitcoin is to have control over it yourself. Buy actual bitcoin don't cuck yourself to the finance jew.
Just open a BINANCE account and get a wallet to store for long holds
Leaf here use Shakepay and withdraw to your own personal wallet.
The only funds I have to buy assets is in my TFSA. I went all in stonks after the March crash.
Then withdraw it retard
not worth it user
I'm too afraid to even step on doormats from the fear of it getting pulled from underneath me.
is shakepay the best crypto exchange for Canadians?
how about coinsquare?
>Binance
dont listen to this major retard
Shakepay is the best in my experience. just always remember to withdraw from Shakepay to your own wallet. Shakepay is frictionless and instant. I’ll give you my referral if you want.
cash out profits with kraken, leaf capital gains taxes mog burgers, 50% is tax free rest is taxed like income
I already open an account a few days ago with shakepay when I was doing my research. you should post the referral for others
Shakepay funding is easiest as well allowing Interac e transfers.
Checked
shakepay (dot) me/r/VV8JJPE
what ETF you in? im thinking about going XEQT with a splash of TEC.TO
Because it's a mutual fund it doesn't follow bitcoin's price 100%. Sometimes there is a premium i.e. the fund's units trade at a premium to the net asset value, and other times (i think mainly when BTC drops hard) it trades at a discount. Personally I own some of my BTC via QBTC just for the sake of not legally paying tax on potential gains. I think that if the performance tracks reasonably close to BTC, say 80% or more, than the lost gains will be less than the taxes saved.
I was just in safe index stuff like XIU and VEQ.
I'm red pilled to Bitcoin now. I'll slowly start allocating to it.
dont fall in to the memes too hard. keep some index to be safe.
I justifications for paying the premium is when there is a Golden Bull Run the premium will only get bigger as new money flood in.
The only worthwhile investment in Canada is a way to leave the country.
Based thx bro now just need to find a Jew lawyer/advisor after cashing out my linkies
LOL NEVER PAYING A DIME IN TAXES
You can participate in crypto through your TFSA or RRSP if you hold HIVE, which is the world's largest crypto miner that mostly mines ETH and their share price closely follows the performance of ETH.
It was at $5 during the 2017 bullrun and is making moves once again, once ETH emerges from the $400 crab zone.
Trades on the TSX:V so eligible for tax-free gains.
very possible. either way I only hold some of my BTC in this type of vehicle in case something unlikely happens that screws over the fund (theft, fraud etc.)
where should we go? im slavic btw
literally look into NEC if u want to solve ur issue