Replying to Avatar Kyle

While I appreciate Bitcoin’s HODL culture and what it may mean for individuals in the future who HODL only, I do agree and think BTC is meant to be spent. I believe a Bitcoin circular economy can’t happen unless we do that now.
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Z4 Explorer 1y ago

Only issue I have with spending my bitcoin is the capital gains tax I have to pay.

Any bitcoin I spend, I can buy back in my dca. The more bitcoin I spend, the more cash I have left at the end of the month to buy more bitcoin. So I can top up on even more Bitcoin if I have the money. So I can always hodl and spend my bitcoin at the same time.

So I don't think hodl is the issue, it's the tax. The tax makes me stop and think do I really want to pay an extra 20% on what I'm buying.

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Kyle 1y ago

I hadn’t thought of the tax aspect of it. Something to consider for sure. Thank you for reminding me of that.