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Bitcoin says thank you! (Was: Bitcoin crashing again / Gradual rug pull)

From Mild Shock <janburse@fastmail.fm>
Newsgroups sci.physics
Subject Bitcoin says thank you! (Was: Bitcoin crashing again / Gradual rug pull)
Date 2025-03-29 00:15 +0100
Message-ID <vs7aik$gfo1$1@solani.org> (permalink)
References (7 earlier) <vnlk7r$qatt$2@solani.org> <vnlkmd$qatt$3@solani.org> <vnnt7e$qt3a$1@solani.org> <vnntgo$qt9q$1@solani.org> <vnntnj$qtc2$1@solani.org>

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ca. $84'000 Bitcoin Exchange rate (29.03.2025)

And this on a friday nigh (sic!)

Mild Shock schrieb:
> Hi,
> 
> Every weekend bitcoin is crashing:
> 
> ca. $98'000 Bitcoin Exchange rate (02.02.2025)
> https://coinmarketcap.com/currencies/bitcoin/
> 
> Thats the perfect Bitcoin gradual rug pull.
> During weekend the whales are disposing of
> their Bitcoin. During the week, when the
> 
> other stocks markets are open, idiots are
> buying Bitcoin via ETFs.
> 
> LoL
> 
> Bye
> 
> Mild Shock schrieb:
>> Hi,
>>
>> They are plannig to apply some averaging:
>>
>> On 1 January 2023, most of the provisions of the
>> Revised Company Law will come into force. The
>> resulting changes in tax law now make it clear
>> that the functional currency is decisive for
>> tax purposes.
>>
>> In addition, it is now stated that the taxable profit
>> in Swiss francs is to be determined at the average
>> (selling) exchange rate of the relevant financial year
>> and the taxable capital in Swiss francs at the (selling)
>> exchange rate prevailing on the balance sheet date.
>>
>> As a result, balance sheet items translated at historical
>> rates in the annual financial statements presented in
>> Swiss francs become irrelevant. While there was
>> previously a certain degree of discretion in the exchange
>> rates used, the exchange rates published by the
>> Federal Tax Administration will now be binding.
>>
>> https://pestalozzilaw.com/en/insights/news/legal-insights/accounting-and-reporting-foreign-currency-what-are-swiss-tax-implications-foreign-functional-currency/ 
>>
>>
>> So basically you have two exchanges rates one
>> for income, and one for substance.
>>
>> Mild Shock schrieb:
>>>
>>> Swiss bank or a Swiss National bank is allowed
>>> to use any currency. You can even file a Tax
>>> declaration in any currency now.
>>>
>>> They simply don't care anymore about currency.
>>> I know EUR is possible, maybe BTC is also possible?
>>> You can use anything that has a market value
>>>
>>> each end of year? See also:
>>>
>>> Corporate Law Reform 2020
>>> https://pestalozzilaw.com/en/insights/news/legal-insights/accounting-and-reporting-foreign-currency-what-are-swiss-tax-implications-foreign-functional-currency/ 
>>>
>>>
>>> Physfitfreak schrieb:
>>>> What happens to Swiss banks when USA sanctions Dollar and Euro 
>>>> transactions with Europe. What if BRICS won't accept you in?
>>>
>>
> 

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Thread

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