GangnamGlamour
Sat Mar 30 2024
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6 answers
1583
Can a day trader be a millionaire?
Can a day trader really become a millionaire? It seems like such an alluring prospect, the idea of making it big in the cryptocurrency market with just a few trades a day. But is it really possible? Or is it just a pipe dream? I've heard stories of traders who've made incredible profits in a short time, but I've also heard of many who've lost everything. What's the truth? Is day trading a viable path to wealth, or is it more of a gamble than an investment? And if it is possible to become a millionaire through day trading, what are the secrets of those who've succeeded? Is it pure luck, or is there a strategy that can be learned and applied? I'm really interested in hearing from professionals in this field. What's your take on this?
Michele
Sat Mar 30 2024
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6 answers
1139
Do Canadian banks recognize cryptocurrency?
Good day, I'm quite interested in the realm of cryptocurrencies and their integration into traditional financial systems. I'm curious, do Canadian banks acknowledge the existence and value of cryptocurrencies such as Bitcoin or Ethereum? If so, are there any specific policies or procedures they have implemented to accommodate these digital assets? Also, I'd like to know if there are any plans to integrate cryptocurrencies into their daily operations in the near future. Thank you for your time.
SkylitEnchantment
Sat Mar 30 2024
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5 answers
1146
Should I trust MoonPay?
I'm considering using MoonPay for a cryptocurrency transaction, but I'm not sure if I can trust them. What's your opinion on MoonPay's reliability and security? Have you had any experience with them that I could learn from? I've heard some mixed reviews, so I'm a bit hesitant. Could you provide some insights or advice on whether I should trust MoonPay or not?
Pietro
Sat Mar 30 2024
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6 answers
1323
Does Canada tax crypto?
Hello, I am a cryptocurrency investor living in Canada. I am wondering if the government of Canada taxes cryptocurrencies? I understand that cryptocurrencies are a new and evolving asset class, so I'm not sure how the tax laws apply to them. Could you please provide some clarity on this matter? I would appreciate it if you could also explain how the taxes are calculated and any specific rules or regulations that I should be aware of. Thank you for your time and assistance.
Giuseppe
Sat Mar 30 2024
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6 answers
1479
What is the 12 month rule for capital gains tax?
Could you please explain the 12-month rule for capital gains tax to me? I've heard about it but am not entirely sure how it works. Does it mean that if I hold onto an asset for 12 months or more before selling it, I'll be taxed differently? And what exactly are the tax implications of this rule? I'm trying to understand how it might affect my investment strategy and tax planning. Thank you for your help.
