If you invest in crypto according to the principles of a ‘prudent investor’, then your digital investments are exempt from taxes. The tax authorities consider you an amateur. This is the case if, for example:

you invest in crypto as a hobby
you make long-term investments, i.e. you buy cryptocurrencies and keep them for a long time
you take few risks, for example, by spreading your investments, and not taking out loans to invest in crypto


What if your digital coins increase in value over time? Then you don't need to declare those value increases. You don't have to pay VAT on crypto transactions either.

I second this.
I don't want or expect it to be a main currency anytime soon. Old people won't understand it. Most young people don't want it or understand it either. Not until the '20 somethings' start using and turn into the older people still using it 'outside of currency, will it ever get traction.

But does it make money? Hell yea. If people want to sell me widgets for $X, and later I can sell them to some other person for $Y at a higher price. I will happily buy and sell the useless widgets.

So, is it useful directly? Not really. But cashing out the profits is
Anyone can do it. Its dumb, simple. It swings so much,h buy when it's 3-4% down. (It can move 4-5% a day sometimes up and down to end up where it was)
Wait until it's up a few percent over that and sell. put back in what you made (minus profits) and repeat.
example starting with $100: Spend $100, make $103, buy $100 more next time its dipped 3-4%.

And people might go "Whoo..you made $3 today". Show me any other investment with a 3% return daily...compounding math stacks quick.

Not sure when a dip will keep going, or just a random dip for the day/hour/whatever? Practice. Dont actually buy it, but mark what time you saw it, how much you would have put. and pretend you did, for a week or two a couple times a day. Mark down when you won, and when you lost. And you can learn when to win more than lose.

I didn't mean it that way. I meant it as in long term small gains add up. At least that's how I've been doing it.

Find the trade charge the site has (usually a fraction of a percent, about 1% to buy and sell together so you need to at least make 1.5% to not just break even on that buy then sell).
Find a dip that seems outside the saturation bands and Stoch/(you gamble indicators of choice), and if it's a couple of percent, buy. Set my sell for 2-3% over where I bought it and let it sit until it sells, with a second stopgap sell set incase it doesn't at the price I bought it at (I lose like 0.75% but I can get it back eventually).

I do that 1-2 times a day (most days), with $1000, take the $8-10 I made of it and put the $1000 back in. And I get a 1-2 thousand profit every 4-5 months. I don't always hit, but id say its 60/40 or so. a little more hits than misses.
It's not get-rich-quick. But it pays for my woodshop tools and PC upgrade, and any toys I want.