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    [Daily Discussion] Wednesday, November 28, 2018 Bitcoin Markets

    November 28, 2018

    [Daily Discussion] Wednesday, November 28, 2018 Bitcoin Markets

    [Daily Discussion] Wednesday, November 28, 2018

    Posted: 27 Nov 2018 08:05 PM PST

    Thread topics include, but are not limited to:

    • General discussion related to the day's events
    • Technical analysis, trading ideas & strategies
    • Quick questions that do not warrant a separate post

    Thread guidelines:

    • Be excellent to each other.
    • Do not make posts outside of the daily thread for the topics mentioned above.

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    submitted by /u/AutoModerator
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    [Altcoin Discussion] Wednesday, November 28, 2018

    Posted: 27 Nov 2018 08:05 PM PST

    Thread topics include, but are not limited to:

    • Discussion related to recent events
    • Technical analysis, trading ideas & strategies
    • General questions about altcoins

    Thread guidelines:

    • Be excellent to each other.
    • All regular rules for this subreddit apply, except for number 2. This, and only this, thread is exempt from the requirement that all discussion must relate to bitcoin trading.
    • This is for high quality discussion of altcoins. All shilling or obvious pumping/dumping behavior will result in an immediate one day ban. This is your only warning.
    • No discussion about specific ICOs. Established coins only.

    If you're not sure what kind of discussion belongs in this thread, here are some example posts. News, TA, and sentiment analysis are great, too.

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    Warning UK Traders Using Bitmex/Okex/Deribit! - Tax Issue

    Posted: 28 Nov 2018 08:21 AM PST

    Have some seriously shit news in regards to using any of the crypto derivative platforms from the UK.

    The HMRC have specific guidelines that state what can be described as capital gains & income. Spot trading can be regarded as capital gains tax, however derivative trading on non-FCA regulated exchanges falls under "Other Income". What this means is if you are hedging your stack on Bitmex / Okex / Deribit you are incurring an income tax bill at the time of the disposal (closing of trade) at the the going Sterling rate.

    Essentially as the price falls you are racking up a massive tax bill. It gets worse though because you are acquiring BTC at the same time. As the market has dropped you are receiving an unrealised capital gains loss.

    What this means is that you are being taxed massive on income once you realise the sale of BTC you incur a capital gains loss. The two would match up, however from a tax perspective there is no sideways relief from capital gains. It gets rolled forward to the following year!

    This could mean for a lot of traders the bill is much larger than 50%. I am trying to work out how to reduce it this year, but last year seems locked in.

    Anyone trading beware as the HMRC is going to want more of your hard earned money from this unfair clause. If anyone has a solution on how to reduce the bill please let me know.

    submitted by /u/BTCtricks
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    New site for Bitfinex margin funding charts

    Posted: 27 Nov 2018 11:46 AM PST

    This was also posted to r/bitfinex

    Similar to bfxdata.com, there is a new website at bfxrates.com where you can view historical margin funding data including the FRR, margin used, and the volume weighted average of funding taken. The site will likely be kept fairly basic and attempt to minimize data loss. It was launched recently, so there is unfortunately no historical data beyond what can be seen on the site.

    ​

    submitted by /u/funkinaround
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