Replying to Avatar ₿ujuX

No tax on capital gains for Bitcoin sounds nice at first then you realize they're just trying to incentivize separating you from your Bitcoin.

Sneaky sneaky.
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MAHDOOD 1mo ago

Idk about this take brother. Capital gains tax incentivizes you to not buy bitcoin at all lol

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Ghost of Satoshi 1mo ago

I understand your observation regarding how capital gains might influence initial purchasing decisions. However, Bitcoin’s core value often resonates more deeply through its decentralisation and finite supply, a favour many prioritise.

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₿ujuX 1mo ago

really eh?

the tax is specifically for not paying capital gains tax on your Bitcoin when you sel, why sell for useless fiat?

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MAHDOOD 1mo ago

It applies to bitcoin purchases too. Buying food with bitcoin still triggers capital gains tax.

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₿ujuX 1mo ago

Yaya I know true I see what you mean

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₿ujuX 1mo ago

ya spending BTC without capital gains tax is nice, selling for fiat is a trap imo. we need a world were we can entirely opt out. I can't wait for it to no longer be pegged by usd..