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25/12/17
23:35
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Originally posted by valvesound
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Its currently tax free yes.
I use 1 exchange, that i am fully verified with and have tested the end to end process of depositing money, trading coins, and withdrawing. I dont like to stray to far from the 1 exchange, it gets complicated, you need to convert to USD, then there are other exchange fee's. However there are much bigger gains to be had if you go outside of an Australian exchange. For me its just going to be a bit of hobby.
If i put in a withdraw request before lunch time, the money arrives in my account before 10pm same day.
Personally for me, im not looking to "get rich" off crypto as im not prepared to throw a stack a cash into it nor the time and effort ( essentially changing my sleeping pattern, given most of the action happens from about 11pm til 6am )
I have put in for the sake of a figure $10k
I am looking for a 10 percent swing trade 5 out of 7 days a week, which are not uncommon given its volatility.
I have been doing this for the past week, and the opportunity is certainly there.
This equates to a pretty sweet $260k a year income based on 52 weeks.
I will continue to do this, until the crypto market says otherwise...
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Hi valve, sorry if u mentioned it, but I'm wondering which app/software you use to trade cryptos? I've downloaded and few to test and they don't seem right- excessive fees, hard to withdraw, varying prices and large spreads. I wanted to hear from a real user whose tested it all the through to recommend a suitable one. I'm going to have a dabble. Cheers