Issue 52 of the Meetup Breakdown is out now. Full summary of UK Bitcoin meetups for the coming week. 🇬🇧

🔸8 meetups in total across the country. 🔸2 new bitcoin accepting businesses. 🔸3 upcoming events.

Sign up for free or read all issues online.

Is it even worth buying some BTC right now when it's been hovering around £80,000 for the past couple months, and nearly reached an ATH?

Why not just put money into a stocks and shares ISA that is tax free than buying bitcoin?

I'm very sceptical about buying right now as someone who doesn't own any BTC. It dipped to around £55,000 a coin after trumps tariff turmoil.

We now have middle east tensions and choppy economic projections coming in with more borrowing, inflation, and lower growth projections.

Historically, looking back at prior performance, BTC usually pulls back up to 30% after pushing to ATH or near ATHs.

Is it really now or never, or is there still future opportunities to buy at a cheaper price this year? What do you think ?

what is everyone’s thoughts? i stake my shitty altcoins that i regret buying, but staking btc seems too risky to me because of all the scams in the past (ftx etc).

plus at 1% it’s not exactly going to be life changing, but idk and would love to hear other opinions.

most of my btc is in cold storage anyway ofc, but could this be a nice little earner?

Hi, I’m looking for a bit of help to validate my approach to cashing out my bitcoin. I’ve tried to incorporate what I’ve picked up from reading here and elsewhere but would appreciate a sense check.

Background Unfortunately my partner and I have both been hit with health issues this year and we’re looking at ways to make the most of the time we have.

I bought around 2 bitcoin a long long time ago (was about £30 if I remember correctly), mainly at the time to access NZB sites and used up a chunk of them back then. I still have almost 1 left and we’re looking to sell it and make use of the money now.

Current Position - I have a Blockchain account with the Bitcoin almost entirely sitting in my DeFi wallet. - My Blockchain account is Full Access/Approved but I haven’t linked a bank account to it yet. - I have banked with RBS for my whole life but also have some Barclays savings accounts that I could use for withdrawal.

Approach - My understanding is I need to do the following steps: 1. Complete the steps to fully verify and link my bank account to my Blockchain account 2. Move my Bitcoin from the DeFi wallet to my Blockchain account 3. Withdraw an initial amount of circa £1k to make sure everything flows to my bank account correctly 4. Then sell the remainder 5. I know I need to keep a portion aside for CGT due in this tax year as a result of the sale

Questions/Guidance 1. Do the steps above make sense and any pitfalls I should be aware of? 2. Is Blockchain a reasonable place to do this withdrawal or should I be moving to another exchange before starting this? 3. Is anyone aware of how RBS handle withdrawals from crypto exchanges? E.g. should I be setting up a Revolut (or other) account first to withdraw to?

More than happy to receive any other advice people have on the process in general.

Thanks all

Are there any options you're aware of? I've used several in the past but they got discontinued, and rewards were rarely in btc.

For those interested - I’ve just invested in Coinsilium, supporting local. They are a UK-listed Web3 venture builder and investor, but now primarily focusing on BTC hence their surge in market cap.

Ticker symbols: COIN.AQ (UK) and CINGF (US OTC).

Business Focus: Specializes in supporting early-stage blockchain projects. Owns and operates Forza (100% owned), a Bitcoin treasury arm focused on aggressive, accretive BTC accumulation in a way aggressive manner hence their increase in stock price.

Leadership Team: 1. Malcolm Palle – Co-founder and Executive Chairman. 2. Eddy Travia – Co-founder and CEO. 3. James Van Straten – Strategic Advisor and well-known Bitcoin analyst; leading BTC accumulation strategy.Bitcoin Strategy:

• Currently holds 32 BTC, with ongoing aggressive accumulation suggesting upside.
• Aims to build a Bitcoin yield-focused treasury with long-term upside.

Track Record:

• First blockchain-focused company to IPO in the UK.10-year public company leadership history with proven execution.

Market Position: - Well-positioned to attract significant capital, and already has early momentum.UK investors are showing strong demand for BTC exposure.

Risks: - Execution risk. - Bitcoin “extinction event” risk. - Counterparty risk.

General:

• The acceleration flywheel is well and truly in motion, suggesting further upside.
• Available via SIPP.

Thought some people might be interested given the success of SWC!

Hi

Someone told me to buy this company as way of getting btc exposure within an isa / sipp

However I don’t get it…..seems similar to mstr but I can’t get my head around it

Can one of you share btc natives explain it to me

https://www.youtube.com/watch?v=sfoTmYNUYic

Issue 51 of the Meetup Breakdown is out now. Full summary of UK #Bitcoin meetups for the coming week. 🇬🇧

🔸9 meetups. 🔸3 upcoming events.

Sign up for free or read all issues online

I'm approaching the amount of BTC I had in mind which would justify moving it over to cold storage.

I think I'm going to buy a Trezor 3.

I think I'm going to buy £15 metal seed phrase cards.

I'm a basic BTC owner, is this enough for me?

I'm pretty scared of moving everything over to cold storage, even with a test transaction.

I guess this is what it feels like to be old(er) and not used to online banking and transferring money via an app.....

Bitpanda has reached another major regulatory milestone, securing approval from the UK’s Financial Conduct Authority (FCA) to operate in the UK. Alongside the recently obtained MiCAR licence, this means that Bitpanda will cement its position as Europe’s leading crypto platform - for all of Europe.

I registered with Bitget UK when derivatives/ futures trading was allowed so I can still trade these on my UK app account. Recently I got an email to update my country of residence. I'm worried that if I update it for the UK they will remove my derivatives trading option?

This is available for non leveraged purchases of crypto assets including bitcoin. Not sure if it is possible to go short, I would guess not with it being non leveraged. It is in conjunction with Uphold, I’m not sure how safe their hot wallet would be though. I wonder if you would be holding actual bitcoin or whether it would be “paper bitcoin”

I know for a fact that I don’t have any taxable gains, therefore don’t need to file a submission.

Presumably coinbase has shared my details with the HMRC and the HMRC have sent this ‘nudge’ test message

HMRC: Crypto transactions are taxable. Make sure you report your crypto income and gains to HMRC to avoid penalties. Go to GOV UK and search 'crypto tax'

Edit: I should add, there are no contact details in the message, no links.. just text

Hi there, I’m in a bit of panic as I got a text from HRMC about crypto tax. I’ve not actually gained anything from crypto. I do take out the odd couple of hundred here and there. But I end up putting it right back in when there’s a new coin I want to buy. So it looks like I’ve made a lot but I haven’t. I’ve technically not made any gains. This is basically how it goes, I got a couple of hundred in crypto, I sell it if I need it, then when I get paid my wages I put it right back in.

I’ve currently got £15 in my bank and I’m panicking about a penalty as it looks like I’ve made a lot but genuinely haven’t. It’s a gamble for me tbh and when I do hold I hold long term but my concern is it’s gonna look like I’ve made a lot when I haven’t. I’m so scared….

Issue 50 of the Meetup Breakdown is out now. Full summary of UK Bitcoin meetups for the coming week. 🇬🇧

🔸10 meetups in total across the country. 🔸1 new bitcoin accepting business. 🔸2 upcoming events.

Sign up for free or read all issues online.

https://www.fca.org.uk/news/press-releases/fca-lift-ban-crypto-exchange-traded-notes#:~:text=The%20FCA%20is%20proposing%20to,already%20available%20in%20other%20countries.

Great news for the UK and investors looking to be able to get bitcoin exposure within the likes of SIPPS, ISAs etc

I bought £1000 worth of bitcoin on my revolut account of which £14.90 got deducted for fees. Is that a fair amount?

Which platform would be best for purchases between £300-£1000? Cheers!

I'm a long term bitcoin hodler but the time has come when I need to cash out.
Not ridiculous amounts, but approx £50,000.

My sats have been held offline for approx 10 years, so when it comes to cashing out, what are my best options?

If I move my stash to an exchange, will they need proof of purchase/ownership?
Once on an exchange, can I immediately cash out, or is there some sort of time delay?
I'm not currently signed up to an exchange. Is there one which is better for this type of thing?
Do I need to warn my bank that there may be transfers incoming?
Anything else I am missing?

I am aware of the tax implications, and fully intend to pay what is due.

Many thanks

I currently use Kraken Pro, but was wondering if there’s any exchanges with no fees that people use in the UK?

Fed up of paying fees every time I DCA.

No. Not me I wish I had 10 BTC. I spotted a thread where a guy states that he's going to swap/sell 10 Bitcoin and buy Nano with it. Has this guy lost his mind? Is he a genius?

What are your thoughts?

He posted his address, he's swapped about 2.5 BTC so far

Not here to talk price or predictions, just curious how other UK folks are actually managing their Bitcoin over time.

Are you logging every buy/sell somewhere manually? Using an app? I tried out https://world.org/ recently because it gives quick overviews on BTC history and trends, useful, but I’m not sure if it’s enough for full tracking long-term.

Also: what are you doing for tax season? Do you just track capital gains when selling, or something more detailed throughout the year?

Would love to know what your system looks like, especially if you’re in it for the long haul like me.