Stopped making sense when you said selling.
Discussion
It’s not me - I’m trying to get him the answers
People don’t view BTC the way we do.. and convincing them otherwise is pointless..
I know it’s not you.
100 000 sats aint gonna make a difference in my life right now 🤣🤣
Just wanted to know tax implications
Depebends ob the tax jurisdication obviously.
Normally the are treated first in first out.
That’s rather ridiculous… but the jurisdiction is a first world country so assume it’ll be this..
Assuming this is on a trust basis..
In German its FIFO, but not on an UTXO base.
You start DCAing into BITCOIN, and everytime you sell/spend BTC they assume you've spent the "oldest" sats you own, independent of wich sat you actually move.
That's rather nice jurisdication here, because any gains from sats you hold longer than 1 year are tax free (!).
I won’t have this issue - I don’t have many sats but I now understand your comment. Thank you! 🤙🏻