Comments by "Matthew Nirenberg" (@matthewnirenberg) on "How to Prepare for Bitcoin Halving" video.

And Australia has recently imposed an annual limit on how much of your already taxed money that you can move out of Australia ($40,000 and it has to be going between two accounts that are in your name only). First they gouge you with insane taxes, then they limit your ability to take you money abroad - that's what a completely bankrupt and money hungry welfare commie state, Australia is... sorry... I mean Australiastan! I'm glad my grandparents on dad's side of the family aren't around to see what Australia has become - they escaped the Iron Curtain in the mid 1950's and would be appalled at what Australia has become.
1
And anyone who isn't in a low or zero tax net already is screwed as they'd have to wait till the next tax year before not having to pay taxes on their crypto to their high tax net... High tax countries will take everything you have before they let you go...
1
Just be careful that you don't have to pay CGT - some places impose CGT simply for holding...
1
@iReturnV1deotapes On physical assets such as art, bullion, rare wine, etc. yes you can write off losses. On crypto - nope. Remember the places that impose CGT on unrealized gains are also places that have "deeming laws" that tax you based on maximum deemed potential value - commonly used on IP and property so they can extract the most tax out of people as possible. Countries doing this are the bulk of CANZUK and CUNA.
1