In the current low-interest phase, many savers are looking for investment alternatives for their money. Due to the volatile market, Bitcoins can generate high profits, but also high losses. Trading the cryptocurrency at Bitcoin Hero is very simple.
For example, software bots can be used to automate trading. However, special caution is required with automated trading software, as it manages your own hard-saved money.
The corresponding programme should therefore be carefully put through its paces in advance and corresponding tests, for example at https://www.indexuniverse.eu/de/bitcoin-hero-erfahrungen-new/, should be consulted.
However, interested investors should always bear in mind that fully automated trading software that generates long-term profits is not available to private investors. If it were possible to consistently beat the market with such simple means, all investors would resort to it.
This would mean that the advantage of using the software would disappear. Therefore, it must always be carefully examined whether the trading software is also profitable in a changing market environment.
How can one profit from Bitcoin Hero?
Step 1: Click on the link to go to Bitcoin Hero’s official website.
Step 2: Fill out the form to get a FREE licence to trade.
Step 3: Follow the instructions on the platform to profit from bitcoin fast!
Does tax have to be paid on trading with Bitcoins?
At the latest at the beginning of the year, the question arises for investors whether the profits earned on the crypto market have to be taxed. This question cannot be answered without further ado.
The tax liability depends on the amount of the profit earned as well as on the period of time during which the Bitcoins were held. If you sell Bitcoins that you have held for at least one year, you can collect the resulting profit tax-free.
If the Bitcoins were only held for a shorter period of time, any profit made on the sale is taxable. However, there is an exemption limit of 600 euros. This does not apply to bitcoins alone, but to all private sales transactions.
This also includes, for example, other cryptocurrencies or paintings, etc. If the exemption limit of 600 euros is exceeded, the entire profit made becomes taxable.
This means that if a profit of 601 euros is made, tax must be paid on the entire amount and not just on one euro. Therefore, it may be worthwhile for some investors to check shortly before the turn of the year whether there is a threat of exceeding the exemption limit and whether it might therefore be worthwhile to suspend bitcoin trading for a short time.
How much are bitcoin profits taxed?
There is no single tax rate for profits from trading cryptocurrencies, as they are taxed at the personal income tax rate. In addition, the solidarity surcharge and, if applicable, church tax are due.
Tax treatment of losses
Even with the best investment strategy or software, losing trades on the Bitcoin market cannot be completely avoided. These losses can be deducted for tax purposes and offset against other gains from private sales transactions.
If the losses exceed the gains, the losses can be carried forward to future years without limitation and reduce the tax due in those years.