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Taxes if you do that sort of thing and live in a place that cap gains taxes BTC. Hard to dodge using KYC services like a debit card, the card company will narc you out to the IRS.

One big monthly conversion back to fiat to cover next months fiat bills is an alternative, only 12 taxable events to document. You need fiat inflation + your cap gains rate for that to be a good financial decision.

vinney...axkl 1y ago

I spent (way too much) time on some spreadsheets and I'm reasonably sure that even with short term cap gains, this strategy still beats fiat (even fiat + saving on BTC).

As long as Bitcoin grows as historical rates.

I'll post the calculator somewhere people can play with soon

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Discussion

Bill Cypher 1y ago

You can also claim losses 1 out of every 4 years to offset some gains.

vinney...axkl 1y ago

I don't plan on losing 😎