Subnostr

Many #bitcoin hodlers will rebalance their % allocation as the price of their #bitcoin goes up. Taking profit is economically incentivized.

Some will start with a 10% allocation and as the price appreciates that will become 50%. Taking profit on 20% of that is a 100% return. 🤷‍♂️

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Minus a hefty capital gains tax theft

Taxation Is Theft.

💯

That's a US policy, a lot of countries don't tax the profit.

Most of Europe / UK / US do

In Europe there are too many exemptions to say that's true and the enforceability based on cooperation.

Glad to hear that but it’s encroaching fast. Denmark want unrealised gains and other countries are wanting large taxes on it