What is a $10000 dog?
Could you elaborate on the phrase "a $10000 dog"? It seems to be a rather unconventional expression. Is it referring to a particular breed of dog that costs approximately $10,000, such as a purebred show dog? Or is it a metaphorical reference to a highly valuable asset, perhaps a cryptocurrency investment that has reached that significant milestone? If it's the latter, could you explain how one would acquire such an asset and what factors contribute to its high value? The context surrounding this phrase is quite vague, so any clarification would be greatly appreciated.
What leverage is good for $10000?
Could you please elaborate on what leverage ratio would be suitable for an investment of $10,000 in the cryptocurrency market? Given the volatile nature of the market, it's crucial to understand the risks involved with different leverage levels. Would a lower leverage provide a safer but slower growth, or would a higher leverage potentially offer faster returns but also carry a higher risk? Could you provide some examples or scenarios to help visualize the potential outcomes? Thank you for your insights.
Do I pay taxes if I make less than $10000 Canada?
Hello, I am a Canadian citizen and I am considering investing in cryptocurrencies. I understand that there may be tax implications involved, but I am not sure how it works. Specifically, if I make less than $10,000 in cryptocurrency transactions in a year, do I still need to pay taxes on it? And if so, how do I calculate the tax amount? Could you please provide some guidance or resources for me to understand this better? Thank you very much!