Past 1 month, I have been playing crypto investing using resident investment sifu PrincZe advise and finding.

You can read more of his methods here: https://forum.lowyat.net/topic/5142831/+0
So far, playing this give me a profits of below:



Current average daily profits: 25usd/day

personal capital invested: $4800usd.

monthly rate of return: 44%    However, this is during what I feel is an extended bull run. I don't expect this kind of returns on monthly basis.

income tax paid : $0. (I can claim as SG income, which is tax free on all capital gains. Then I remit to MYR, at small forex fee.
One of the ONLY benefits of being a Singapore PR..)

Best performing pair:

Alice/busd.



Ayam Plans and Objectives.

So my plan is to set an average return of 100usd a day.
Based on my research and calculations, I will need at least US$20k capital. Over next few months, I will slowly building up towards this. I got other investments too, so this is just for fun and source of passive income.

I will update here if ayam managed to achieve this goal in next few months. Wish me luck.

Also, If you are interested, you can AMA on how to get started with this and the current strats Ayam is using. Just be warn, it can be abit technical if you have not play any day trading or forex before. But it's super fun to learn and relatively safe la..


**Disclaimer**

i got play forex before la.

Too stressful. To me, this makes more sense because of something I'm very familiar with the "Martingale strategy".

dollar cost averaging is a strategy that cannot lose, if you have unlimited funding.

There are settings on these bots that can fully cover a 100% drop in value. And what is the likelihood that a coin will lose all of its value overnight?

Quite low.

The bots are also working best during high volatility markets but there are methods and strategy to also make profit from low volatile markets. And even those red bags you are holding, can be turned into profit. So there are multiple strategies and settings that you can use to make $$.

After seeing what others have achieved, I believe my $100 per day target can be done.

Sorry didn't elaborate. I played Forex and Options before, so in terms of risk, is this more or less the same?

Which is exactly what i mean?

It will only be considered as “capital gains” if you don’t do active trading, ie, holding and selling after 1-2 months.

By doing active trading it will be considered as income which is taxable.

Afaik (but don’t quote me on this), what matters is from where you are operating/trading (where the majority of the decisions are made when deriving the income).

So even if you are say a SG PR but is operating in Malaysia when deriving the income, you are subject to the taxes in Malaysia.

It is not as simple as just choosing which country to pay tax as Liamness claimed when you have SG PR (although it does not matter in his case since capital gains tax is not taxable in both SG and Msia). But then the high frequency of trading would mean that his gains are considered as income which would be taxed normally.

So to answer your question, daily trading = income hence taxable. Holding gains = capital gains hence not taxable.

i used to dabble in mining too. Problem with mining is expected down time and you may need to actively manage it to ensure everything is running smoothly.

There are alot of educational youtube videos out there on this.

This guy is made 100k profit in 8 months. His capital was 30k.



Just like me, after testing the waters and learning for 1 month, he slowly started to increase his capital.

I sharing for knowledge purposes and awareness only la. It's up to ktards to do their own homework to see if want to play or not. 

majority of Malaysian now on RoyalQ bot, about 0.30% to 2% return a day. no ned do anything once u copytrade with someone strategy. been good during bearish and bullish.