Take good care of your health before BTCFX! And I finally bought COMSA.

Hello everyone, health management! I caught a nose cold@xi10jun1.

Bloggers Festival has wrapped up safely, and I thought I could finally secure trading time, but now I’m troubled by a runny nose and sneezing…

BTCFX requires a lot of concentration, so I avoid trading when my health is poor. As a result, trading is still stagnant this week…

※Continuing from last time, there is an important notice for paid readers, so please read down below.

※This column is designed so half of it is free to read, a beacon of conscience. Of course, if you read up to the paid part (updated weekly for 400 yen per month, so about 80–100 yen per piece), I would be greatly encouraged!

This week’s results (September 29, 2017 to September 28, 2017)

First, as usual, the results. I’ll present the changes first.

Last week (until 2017-09-29) Assets: 50,826 yen
This week (until 2017-10-05) Assets: 50,826 yen
Change: 0 yen

Yes, I did not trade. Besides the Bloggers Festival work, I have been almost unable to log in due to poor health after the start of the week. Apologies for a trading column not being active…

People often say, “Because it’s a seasonal transition, please take care of your health,” but concretely, what should one do to absolutely prevent health deterioration…?

So, this week’s column, although I didn’t trade, I purchased COMSA, so I will write about that.

What is COMSA?

COMSA is Japan’s first ICO (Initial Coin Offering) platform, a service that raises funds by issuing virtual currencies.

Official site →COMSA

In rough terms, it’s the virtual currency version of stocks.

On COMSA right now, token sales are being conducted, and I bought tokens worth about 9,000 yen.

To purchase tokens on COMSA, you need Bitcoin, Ethereum, NEM, or Zaif Token. And with Zaif Token there are no fees (currently, transferring from a Zaif account incurs no transfer fee), so I bought Zaif Tokens on Zaif and then purchased COMSA here.

Actually I planned to buy 10,000 yen worth of tokens, but I made a mistake buying Zaif Tokens, so I could only purchase 9,000 yen worth.

When you’re not feeling well, it’s wiser not to push your luck…

Free section summary: A future where you can trade tokens too!

Recently Bitcoin fell sharply because regulators in China and Korea clamped down on ICOs.

Outdoing China and Korea and becoming a leading crypto nation in Japan is quite fascinating. In the future, trading tokens like stocks might become the norm.

Also, regarding tokens, I own KAICA’s (CICC: Kaika Coin) as the tech development partner for COMSA as well. It was distributed to shareholders last year, and I hope it rises in value too.

So this paid column will discuss future prospects.

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Recently, fx-on sent a notice about “possible leakage of personal information due to unauthorized access.” As a result, credit card payments may be disabled, so access to the paid portion of the column may become unavailable.

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End section 1: Latest information on taxes!

The National Tax Agency’s site has updated the latest legal view on Bitcoin.

Here it is →No.1524 Tax implications when profits are made using Bitcoin | Income Tax | National Tax Agency

According to this, profits obtained from using Bitcoin are viewed as “miscellaneous income.”

So, for me, profits from margin trading are generally miscellaneous income. As I’ve noted in the end sections before, as with my blog articles (→Tax filing for Bitcoin margin trading (BTCFX)! Comprehensive taxation? Separate taxation? | Yutori Generation Investor jun), it seems offsetting losses isn’t possible. I wish this could be handled differently….

Also, according to NewsPicks comments by BitFlyer President Yuzo KANO (No.1524 Tax implications when profits are made using Bitcoin - NewsPicks), if you bought Bitcoin for 100,000 yen and buy something when it’s worth 500,000 yen, the 400,000 yen difference is recognized as profit.

When you use Bitcoin to purchase goods or services, if the price of Bitcoin at the time of purchase is higher than the price at the time of purchase, that profit is recognized as profit. So this would apply to using Bitcoin to shop on FANCY as well, so please be careful.

※Please note that laws and tax interpretations may continue to change, altering how tax returns and payments are filed. Before filing, be sure to check with your local tax office or a tax accountant.

End section 2: Let’s try shopping with Bitcoin!

Actually, on overseas EC site “FANCY,” you can use Bitcoin to purchase goods! It costs a bit in shipping, but there are stylish items you won’t see in Japan.

For how to use FANCY, please refer to my blog post here.

→Guides for creating an account, registering, setting up, and purchasing on FANCY | Yutori Generation Investor jun
→How to buy (pay with) items on FANCY with Bitcoin | Yutori Generation Investor jun

※Free portion ends here. The rest is detailed analysis and future outlook, so it’s paid. If you want to read more, or even as a tip-based support, your subscription is greatly appreciated! Thank you for your continued support!