Dumbest thing ever.
That only serves to crash the market. And what happens if the value goes up one year and down the next?
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Dumbest thing ever.
That only serves to crash the market. And what happens if the value goes up one year and down the next?
It is calculated automatically within the various exchanges, it varies based on the invested capital, for example with binance I have already paid the annual stamp duty @taskmaster4450lee
I understand that. But if we enter a bear market and the value of your holdings go down, do they give you a credit? Do they offset what you paid in?
If your holdings go up by $1000, you pay on that. If it goes down by $1000, you dont pay and are even. If it goes back up to $1000, you pay again, yet you only are up $1000 even paying twice.
The bill is not very clear, I have no idea what kind of calculation it does, Binance declares that the stamp duty on user funds is calculated on the cryptocurrency balance as of 12/31/ 2023, and has a minimum of €1 @taskmaster4450lee
Ah okay.
Sadly that is often the case. They muddle those bills with nonsense so people have no idea what is in it.
Trust us.
Yeah right.
Thanks for support 🙏🏼