Can we pool our knowledge regarding TAX and crypto and make some kind of FAQ/sticky?

lifeandtimes

GreeBo wrote: »

Why do you think it should be easier for crypto than it is for shares?

Because they are not the same and the revenue haven't confirmed they are to be taxed the same. Not only that many other countries don't treat them the same

Crypto is crypto, shares are fiat that can be used and transferred as such

You throughout this thread have always taken the hardball approach to this. Wouldnt you be happier as a crypto trader that this would make it easier for you to pay tax?

Halflifept

GreeBo wrote: »

Why do you think it should be easier for crypto than it is for shares?

All the average joe is in cryptocurrency with the media buzz in the last few months, this will create lots of problems down the road.

Revenue should be clear in what is the "disposal". Disposal for crypto should have been the direct conversion of cryptocurrency to fiat when cashing out.

Treating crypto as a share restrains its usage as a coin.

barneystinson

Halflifept wrote: »

All the average joe is in cryptocurrency with the media buzz in the last few months, this will create lots of problems down the road.

Revenue should be clear in what is the "disposal". Disposal for crypto should have been the direct conversion of cryptocurrency to fiat.

Treating crypto as a share restrains its usage as a coin.

It's not a question of recognising it as a "share". Each different type of cryptocurrency is an asset.

When you buy a BTC then you have a BTC.

If you use some of your BTC to acquire ETH, you have disposed of some of your BTC.

That's hardly rocket science.

If they were all one homogenous asset, indistinguishable from each other, why would you be trading one for another...

barneystinson

It seems like a lot of posters on here are blissfully unfamiliar with the concept of special pleading... (https://en.m.wikipedia.org/wiki/Special_pleading)

lifeandtimes

barneystinson wrote: »

It seems like a lot of posters on here are blissfully unfamiliar with the concept of special pleading... (https://en.m.wikipedia.org/wiki/Special_pleading)

"claims to data that are inherently unverifiable, perhaps because too remote or impossible to define clearly
Example: Cocaine use should be legal. Like all drugs, it does have some adverse health effects, but cocaine is different from other drugs. Many have benefited from the effects of cocaine."

More and more countries are legalizing marijuana for its health benefits.

So maybe crypto can fall into this category of special pleading that's the exception to the rule.. ..like marijuana?

barneystinson

lifeandtimes wrote: »

"claims to data that are inherently unverifiable, perhaps because too remote or impossible to define clearly
Example: Cocaine use should be legal. Like all drugs, it does have some adverse health effects, but cocaine is different from other drugs. Many have benefited from the effects of cocaine."

More and more countries are legalizing marijuana for its health benefits.

So maybe crypto can fall into this category of special pleading that's the exception to the rule.. ..like marijuana?

Thanks, you have beautifully illustrated that you don't understand :pac:

Peregrinus

Halflifept wrote: »

They must simplify the way this is done, something like "money in - money out".
Its an impossible task to track all the trades made.

It's not impossible. If you make a lot of trades, it's a lot of work, but it's not impossible work.

More to the point, it's work you'll be doing anyway, if you have any interest in knowing which of your trades have been advantageous and which have not. The CGT system is set up on the assumption that investors are sane and rational. They are less concerned about making things easy for the irrational investors, who make investments but have no interest in how they turn out.

lifeandtimes wrote: »

Because they are not the same and the revenue haven't confirmed they are to be taxed the same. Not only that many other countries don't treat them the same.

Nobody is suggesting that crypto is taxed the same as shares; they are suggesting that crypto is taxed the same as other assets. Shares are just an example of another asset, but there's nothing magic about shares.

If you want a closer parallel, trading in crypto is treated like trading in foreign currencies. You invest in (say) Japanese Yen because you expect it to appreciate; then when you reckon Yen has peaked you sell your Yen for (say) US dollars because you like the investment characteristics of the US dollar. The disposal of your Yen is treated as a disposal for CGT purposes. The expectation is that a disposal of (say) BTC for ETH will receive similar CGT treatment because, basically, there is no reason either in law or common sense for it to be treated differently.

lifeandtimes wrote: »

Crypto is crypto, shares are fiat that can be used and transferred as such.

Shares are not fiat. They are they exact opposite of fiat.

Halflifept wrote: »

Treating crypto as a share restrains its usage as a coin.

I doubt that. Treating foreign currencies the same way doesn't stop them being used as currency.

But, in fact, cryptocurrencies are very little used as currency and, as the investment market has grown, their use as currency has been declining. The price is too unstable, and the settlement of transactions too slow, for crypto to be attractive as currencies.

smacl

Peregrinus wrote: »

But, in fact, cryptocurrencies are very little used as currency and, as the investment market has grown, their use as currency has been declining. The price is too unstable, and the settlement of transactions too slow, for crypto to be attractive as currencies.

If crypto is going to thrive long term, I'd expect that to change. Quite a number of the alternatives to bitcoin are there primarily to facilitate fast transactions, and as a technology it is gaining traction. When and if this happens, I can see it being a nightmare for the Revenue to pursue CGT as those holding crypto use crypto and simply won't change back to fiat. No doubt it will get regulated over time, but I'd say there could be a few wild west years between this and then.

GreeBo

Halflifept wrote: »

All the average joe is in cryptocurrency with the media buzz in the last few months, this will create lots of problems down the road.

Revenue should be clear in what is the "disposal". Disposal for crypto should have been the direct conversion of cryptocurrency to fiat when cashing out.

Treating crypto as a share restrains its usage as a coin.

But none of those arguments have anything to do with revenue or paying tax?

Also, why would the government care that CGT restricts usage of an asset that they have no involvement in?

GreeBo

lifeandtimes wrote: »

Because they are not the same and the revenue haven't confirmed they are to be taxed the same. Not only that many other countries don't treat them the same

Crypto is crypto, shares are fiat that can be used and transferred as such

I am not saying they are the exact same, my point is that when trading shares the obligation is on you to keep track of each transaction, hence, thats not an argument as to why crypto should be different.

"its really hard to keep track and I dont want to" isnt a valid argument when thousands of traders are already tracking millions of transactions and reporting on them.

lifeandtimes wrote: »

You throughout this thread have always taken the hardball approach to this. Wouldnt you be happier as a crypto trader that this would make it easier for you to pay tax?

I'd love nothing more than crypto to be tax free, but so far I havent seen anything official that would lead me to believe that it should be treated any differently than when trading other assets, notably shares.

GreeBo

GreeBo wrote: »

But none of those arguments have anything to do with revenue or paying tax?

Also, why would the government care that CGT restricts usage of an asset that they have no involvement in?

Why are other counties deciding it should not be taxed? These governments obviously see crypto as a different thing and feel it should be excluded from tax treatment. What makes you so sure you are right when there are multiple governments who would disagree with you.

*when I say "you are right" I mean in how you feel crypto should be treated as opposed to how revenue here will treat it. You feel dry strongly (for some reason unknown to me) that it should be taxed like a normal asset, this feeling is not held by an awful lot of people.

GreeBo

Angel Dead Apartment wrote: »

Why are other counties deciding it should not be taxed? These governments obviously see crypto as a different thing and feel it should be excluded from tax treatment. What makes you so sure you are right when there are multiple governments who would disagree with you.

*when I say "you are right" I mean in how you feel crypto should be treated as opposed to how revenue here will treat it. You feel dry strongly (for some reason unknown to me) that it should be taxed like a normal asset, this feeling is not held by an awful lot of people.

Actually I never said that at all.

I havent comment on how *I personally think* crypto *should* be treated. This is supposed to be a thread on facts to help people pay and file correctly.
Giving my personal opinion is only going to muddy the already murky waters.

I have only posted my interpretation of the published revenue.ie guidelines.

Others posting how they personally feel crypto should be dealt with is just confusing the issue and should be in a separate thread.

Halflifept

Getting back on track of the topic on filling the taxes.

Are we supposed to fill the form12 or separately with the CGT 2017 form (2017 form not yet available) ?

ZeroThreat

Angel Dead Apartment wrote: »

Why are other counties deciding it should not be taxed? These governments obviously see crypto as a different thing and feel it should be excluded from tax treatment. What makes you so sure you are right when there are multiple governments who would disagree with you.

*when I say "you are right" I mean in how you feel crypto should be treated as opposed to how revenue here will treat it. You feel dry strongly (for some reason unknown to me) that it should be taxed like a normal asset, this feeling is not held by an awful lot of people.

It doesn't really matter how other countries governments see crypto though, all that matters on this thread is how crypto is taxed in Ireland.

It's not like this country follows the rest of Europe or other parts of the world in relation to corporation tax for example now, is it? ;

Our basic tax strategy is to keep taxes as low as possible (in some cases almost non existent) to attract large multinational business to provide as many jobs as possible, while the tax shortfall into the gov. coffers is mitigated by making taxation heavier in other areas of taxation - ie. very low income threshold (by european standards) before a worker is taxed in the higher band, CGT (we're at the higher end of this EU wise, I think only Denmark has a higher rate and we're tied next with France), tiny annual exempt allowance for captial gains (hasn't changed in decades afaik) VRT, higher excise rates, not sure about VAT but I'd say we're above the average EU rate.

Of course the very low CT rate strategy seems to be something of a one trick pony, but it's prevented mass emigration so far at least...

ok, I've definitely strayed waaay off topic, just ignore the above.

thegolfer

Angel Dead Apartment wrote: »

Why are other counties deciding it should not be taxed? These governments obviously see crypto as a different thing and feel it should be excluded from tax treatment. What makes you so sure you are right when there are multiple governments who would disagree with you.

*when I say "you are right" I mean in how you feel crypto should be treated as opposed to how revenue here will treat it. You feel dry strongly (for some reason unknown to me) that it should be taxed like a normal asset, this feeling is not held by an awful lot of people.

Other countries are not deciding to not tax crypto, but rather it's most likely a defect in their legislation that does not allow the relevant country to tax those transactions....yet.

Ireland has defined assets already in legislation, which is fairly wide, where as other countries drafted legislation and definition of assets may be so specific that is has excluded such crypto assets, and thus not taxable.

As other posters here have pointed out crypto trading is most likely similar to fx trading or share dealing, in that the underlying asset is acquired and disposed of at a gain or loss, and tracked.

Due to CGT legislation being widely drafted, it applies to multiple scenarios, and not just narrowed down specifics that suit you.

Noctifer

What about fees that are paid when buying and selling crypto, are those deductible?

machiavellianme

Halflifept wrote: »

Getting back on track of the topic on filling the taxes.

Are we supposed to fill the form12 or separately with the CGT 2017 form (2017 form not yet available) ?

I sent in the CGT payslip B and although I'm paye, I plan on submitting form CG1 as it says it is for people who do not usually submit annual tax returns. Form 12 seems to require a lot of information and has always been automatically been done for me in the past so I don't plan on messing that up. Form CG1 isn't due till Autumn so no hurry.

Halflifept

machiavellianme wrote: »

I sent in the CGT payslip B and although I'm paye, I plan on submitting form CG1 as it says it is for people who do not usually submit annual tax returns. Form 12 seems to require a lot of information and has always been automatically been done for me in the past so I don't plan on messing that up. Form CG1 isn't due till Autumn so no hurry.

Thanks. From what I've read from CG1 (2017) should be available on April/March and should be filled till August or October. Still time to do all the calculations splitting in the two time frames (Jan - Nov and Nov - Dec ).

Noctifer wrote: »

What about fees that are paid when buying and selling crypto, are those deductible?

fees are deductible,

What are the rules for calculating CGT?

When calculating your CGT liability, you may deduct the following items:

the cost of purchasing the asset
any money spent by you which adds value to the asset (known as 'enhancement expenditure')
costs (for example, fees paid by you to a solicitor or auctioneer) when you acquired and disposed of the asset.



https://www.revenue.ie/en/gains-gifts-and-inheritance/transfering-an-asset/how-to-calculate-cgt.aspx

Noctifer

I have seen that. The problem is that I am a day trader. As such, I end up paying a lot in fees. For example, I could end the day with a 20 euro gain, but end up paying 100 euros in fees. Last year I ended up earning over 10k, but I payed over 7k in fees. To me that sounds too good to be true as it would drasticly lower my taxable income from trading.

Fakent.ie

Noctifer wrote: »

I have seen that. The problem is that I am a day trader. As such, I end up paying a lot in fees. For example, I could end the day with a 20 euro gain, but end up paying 100 euros in fees. Last year I ended up earning over 10k, but I payed over 7k in fees. To me that sounds too good to be true as it would drasticly lower my taxable income from trading.

How did you work out you paid 7000 in fees?

Fakent.ie

Cryptonovice wrote: »

I sent an enquiry 20 days ago relating to this..They say it takes 20-25 days to answer query’s through PAYE anytime..Rang today..asked question..said I’ll get someone to answer your query electronically soon

Did they get back to you yet?

Noctifer

Fakent.ie wrote: »

Noctifer wrote: »

I have seen that. The problem is that I am a day trader. As such, I end up paying a lot in fees. For example, I could end the day with a 20 euro gain, but end up paying 100 euros in fees. Last year I ended up earning over 10k, but I payed over 7k in fees. To me that sounds too good to be true as it would drasticly lower my taxable income from trading.

How did you work out you paid 7000 in fees?

The exchange keeps records of all the transactions. I just summed up all the fees.

GreeBo

Noctifer wrote: »

I have seen that. The problem is that I am a day trader. As such, I end up paying a lot in fees. For example, I could end the day with a 20 euro gain, but end up paying 100 euros in fees. Last year I ended up earning over 10k, but I payed over 7k in fees. To me that sounds too good to be true as it would drasticly lower my taxable income from trading.

If you are day trading then CGT wouldn't apply, it would be income tax, right?

Fakent.ie

Noctifer wrote: »

The exchange keeps records of all the transactions. I just summed up all the fees.

What exchange do you use

Noctifer

Fakent.ie wrote: »

Noctifer wrote: »

The exchange keeps records of all the transactions. I just summed up all the fees.

What exchange do you use

GDAX

Noctifer

GreeBo wrote: »

Noctifer wrote: »

I have seen that. The problem is that I am a day trader. As such, I end up paying a lot in fees. For example, I could end the day with a 20 euro gain, but end up paying 100 euros in fees. Last year I ended up earning over 10k, but I payed over 7k in fees. To me that sounds too good to be true as it would drasticly lower my taxable income from trading.

If you are day trading then CGT wouldn't apply, it would be income tax, right?

Why? It's not a job.

Fakent.ie

Noctifer wrote: »

GDAX

I really cant understand how you paid 7k in fees

Noctifer

Fakent.ie wrote: »

Noctifer wrote: »

GDAX

I really cant understand how you paid 7k in fees

If you trade on a daily basis it adds up. There are days when I end up paying over 100 euro in fees yet make less than 20 euros.

Fakent.ie

Noctifer wrote: »

If you trade on a daily basis it adds up. There are days when I end up paying over 100 euro in fees yet make less than 20 euros.

The fees on gdax are really high. .25%?

Noctifer

Fakent.ie wrote: »

Noctifer wrote: »

If you trade on a daily basis it adds up. There are days when I end up paying over 100 euro in fees yet make less than 20 euros.

The fees on gdax are really high. .25%?

0.25% for BTC and 0.3% for other crypto.

Fakent.ie

Noctifer wrote: »

0.25% for BTC and 0.3% for other crypto.

Binance is only 0.05%

Noctifer

Fakent.ie wrote: »

Noctifer wrote: »

0.25% for BTC and 0.3% for other crypto.

Binance is only 0.05%

No Euro pairs though, not interested.

Fakent.ie

Noctifer wrote: »

No Euro pairs though, not interested.

its better to trade in bitcoin pairs, if you would like to know why dm me because I don't want to write about it in here its really off-topic

Noctifer

Fakent.ie wrote: »

Noctifer wrote: »

No Euro pairs though, not interested.

its better to trade in bitcoin pairs, if you would like to know why dm me because I don't want to write about it in here its really off-topic

I don't trust crypto. Fiat is secure, crypto is not.

Fakent.ie

Noctifer wrote: »

I don't trust crypto. Fiat is secure, crypto is not.

lololololol this guy must be a troll

Noctifer

Fakent.ie wrote: »

Noctifer wrote: »

I don't trust crypto. Fiat is secure, crypto is not.

lololololol this guy must be a troll

No. I only hold crypto while I can see the market. I don't hold over night or while at work.

Peregrinus

Noctifer wrote: »

I have seen that. The problem is that I am a day trader. As such, I end up paying a lot in fees. For example, I could end the day with a 20 euro gain, but end up paying 100 euros in fees. Last year I ended up earning over 10k, but I payed over 7k in fees. To me that sounds too good to be true as it would drasticly lower my taxable income from trading.

It drastically lowers your earnings from trading, and the CGT rules recognise this. On the figures you give, you didn't earn 10k last year; you earned 3k. (But see below for a discussion of whether you are calculating this correctly).

Noctifer wrote: »

The exchange keeps records of all the transactions. I just summed up all the fees.

Strictly speaking, the chargeable gain on each trade is the disposal proceeds minus (acquisition cost plus fees & expenses relating to that trade). So the correct procedure is to calculate the chargeable gain on each trade, taking account of associated fees, and them sum up all the chargeable gains.

Doing it the way you're doing it has the risk that you will claim deductions for fees incurred in connection with the acquisition of assets that you have not yet disposed of. These are not deductible until you dispose of the assets concerned.

GreeBo wrote: »

If you are day trading then CGT wouldn't apply, it would be income tax, right?

Noctifer wrote: »

Why? It's not a job.

It doesn't have to be a job; just a trade. There's a rather blurry line between making regular investment transactions, with investment gains subject to CGT, and carrying on a trade of dealing in assets, with the profits of the trade subject to income tax. Which side of the line you fall on depends on the method, frequency, system, etc with which you trade, but it doesn't depend on whether you are employed by someone to trade.

If you're in any doubt as to which side of the line you fall on, talk to an accountant. The revenue will generally prefer to treat you as investing, so if you want to be taxed as a trader you'll have to be prepared to argue for that.

Noctifer

Peregrinus wrote: »

Strictly speaking, the chargeable gain on each trade is the disposal proceeds minus (acquisition cost plus fees & expenses relating to that trade). So the correct procedure is to calculate the chargeable gain on each trade, taking account of associated fees, and them sum up all the chargeable gains.

Doing it the way you're doing it has the risk that you will claim deductions for fees incurred in connection with the acquisition of assets that you have not yet disposed of. These are not deductible until you dispose of the assets concerned.

Could you give me an example on how to correctly calculate it?

Here is a trade:

buy: 1 btc for 10000 with a fee of 25

sell: 1 btc for 10100 no fee.

I was thinking the gain in this case would be 100 euro and fees are 25 euro.

Also, a question regarding auditing. How exactly can revenue know that I correctly filled my taxes? I do most of my trading on GDAX. Would they request my trade history from them? Also, what happens in the case my account get's hacked (or the exchange) and I lose everything

Peregrinus

Noctifer wrote: »

Could you give me an example on how to correctly calculate it?

Here is a trade:

buy: 1 btc for 10000 with a fee of 25

sell: 1 btc for 10100 no fee.

I was thinking the gain in this case would be 100 euro and fees are 25 euro.

The chargeable gain is 75 euros.

But this is for just a single transaction. The picture is more complicated if you have more than one transaction for the year. Consider the following transactions:

Buy 10 Crypto A for 1,000, plus fee 25.
Buy 10 Crypto B for 200 plus fee 5.
Buy 10 Crypto C for 5,000 plus fee 125.
Sell 5 Crypto C for 7,500, no fee.
Sell 5 Crypto B for 100, no fee.

If you simply sum all the fees you paid during the year, they come to 155. But the bulk of that was not incurred in connection with the crypto that you sold. In calculating your capital gains, you can only deduct the expenses which relate to the assets you disposed of. Your calculation of chargeable gains is as follows:

Sold 5 Crypto C:
Acquisition cost 2,500 plus fee 62.50 = 2,562.50
Disposal proceeds 7,500
Chargeable capital gain: 4,937.50

Sold 5 Crypto B:
Acquisition cost 100 plus fee 2.50 = 102.50
Disposal proceeds 100
Deductible capital loss: 2.50

Chargeable gain less deductible loss: 4,935

Noctifer

My trades are buy and then sell of the same crypto. During a day I buy one crypto and in the same day I dispose of it. Some days I do this multiple times.

If I understand you correctly I add the fee to my initial purchase, so when I buy 1 btc for 10000 I add the 25 fee and that makes it as if I bought it with 10025.

What if I sell it with a fee. Let's say I sell 1 btc for 10100 and pay a fee of 25.25

Fakent.ie

Peregrinus wrote: »

The chargeable gain is 75 euros.

But this is for just a single transaction. The picture is more complicated if you have more than one transaction for the year. Consider the following transactions:

Buy 10 Crypto A for 1,000, plus fee 25.
Buy 10 Crypto B for 200 plus fee 5.
Buy 10 Crypto C for 5,000 plus fee 125.
Sell 5 Crypto C for 7,500, no fee.
Sell 5 Crypto B for 100, no fee.

If you simply sum all the fees you paid during the year, they come to 155. But the bulk of that was not incurred in connection with the crypto that you sold. In calculating your capital gains, you can only deduct the expenses which relate to the assets you disposed of. Your calculation of chargeable gains is as follows:

Sold 5 Crypto C:
Acquisition cost 2,500 plus fee 62.50 = 2,562.50
Disposal proceeds 7,500
Chargeable capital gain: 4,937.50

Sold 5 Crypto B:
Acquisition cost 100 plus fee 2.50 = 102.50
Disposal proceeds 100
Deductible capital loss: 2.50

Chargeable gain less deductible loss: 4,935

So how would I go about trade fees on binance and withdraw and deposit fees when paying tax

NewApproach

Fakent.ie wrote: »

So how would I go about trade fees on binance and withdraw and deposit fees when paying tax

Get the Euro equivalent of the fees you pay, each time you pay them, and deduct them from proceeds or add them to costs as appropriate.

GreeBo

Noctifer wrote: »

My trades are buy and then sell of the same crypto. During a day I buy one crypto and in the same day I dispose of it. Some days I do this multiple times.

If I understand you correctly I add the fee to my initial purchase, so when I buy 1 btc for 10000 I add the 25 fee and that makes it as if I bought it with 10025.

What if I sell it with a fee. Let's say I sell 1 btc for 10100 and pay a fee of 25.25

so you are only buying coins that are traded with fiat?

Noctifer

GreeBo wrote: »

so you are only buying coins that are traded with fiat?

Yes. I sometimes do LTC/ETH -> BTC -> euro but that's only a small number of my trades. Most trades are crypto/euro pairs.

Cryptonovice

Fakent.ie wrote: »

Did they get back to you yet?

No nothing yet unfortunately..I am awaiting with great anticipation though!

.G.

I've sent off my own query to them now too. My questions very much along the lines that were asked of them by machiavellianme so I'm very interested to see if the answers come back the same.

Radsky

Fakent.ie wrote: »

Noctifer wrote: »

No Euro pairs though, not interested.

its better to trade in bitcoin pairs, if you would like to know why dm me because I don't want to write about it in here its really off-topic

I’d like to get your insights on this. What i have seen is that when the price of btc goes down, the price of the other pair also goes down (and vice versa). This reduces the gains that can be realized from trading in bitcoin pairs vs. trading in euro pairs as the euro is less volatile. The only drawback is that there are only very few euro pairs.

Fakent.ie

Radsky wrote: »

I’d like to get your insights on this. What i have seen is that when the price of btc goes down, the price of the other pair also goes down (and vice versa). This reduces the gains that can be realized from trading in bitcoin pairs vs. trading in euro pairs as the euro is less volatile. The only drawback is that there are only very few euro pairs.

If you believe that btc at one point in the future will be worth more then it is right now, you should trade in btc pairs and try to accumulate more btc then what you had before, and not euro even if you don't make more euro in that current trade and only more btc in a few weeks for example, if btc was to go back to 20k then any btc that you accumulated now would have doubled in euro value. The cheaper alts have a lot more chances of having a higher positive increase in price as to bitcoin or something else thats higher up in price. the idea and technology behind cryptocurrencies is to end the bad fiat system we have which is only getting worse over time, another reason is to not have the govt knowing what your doing 24/7 either, some people are gonna be angry i said that in here i feel. you could also do this strategy with the ETH pairs as there are a lot more of those compared to other pairs and then you could use that ether for ico's I think eventually ether will break away from btc and not be so heavily controlled price wise but so you know iv heard that 90% of the coins "follow" bitcoin I've noticed this with some coins myself with a lot. but with all the talk of being taxed on each tx and keeping track of it I wouldn't even bother trading

Radsky

I get this but if you were to do daily trading, then it does not matter what the price of btc or other atlcoins would be in the future. What matters more is the price movement of the coin relative to the other trading pair.

Fakent.ie

Radsky wrote: »

I get this but if you were to do daily trading, then it does not matter what the price of btc or other atlcoins would be in the future. What matters more is the price movement of the coin relative to the other trading pair.

You'll have more bitcoin that will me worth more in a couple weeks. so unless you feel as if you can out trade bitcoins growth % and then buy more bitcoin with your euro you shouldn't be doing that

bitcoin went from 1000 to 13,5000 in the calendar year that is 1250% increase for the year. daily that is 3.5% daily on average so you would of needing to make that same % every day for the last year to keep up with it. we cant really say bitcoins going up from here but you shouldn't invest I guess if you don't believe in it

are you going back to fiat every day?