Replying to Avatar Bitcoin Boomer

When nostr: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 announced bill pay in Strike, that pushed me into a bitcoin standard. I was HODLing as much as possible for my future savings, but left a good portion in fiat to pay monthly bills. I always wondered about eventually finding a way to stay mostly in bitcoin, but still have a way to pay bills. Strike gave me that way, and I appreciate it! Thank you, nostr: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 and the nostr:nprofile1qy2hwumn8ghj7etyv4hzumn0wd68ytnvv9hxgqg4waehxw309ajkgetw9ehx7um5wghxcctwvsqs6amnwvaz7tmwdaejumr0dsqs6amnwvaz7tmwdaejumr0dsq3qamnwvaz7tmwdaehgu3wwa5kuegpzpmhxue69uhkummnw3ezuamfdejsz9rhwden5te0wfjkccte9ejxzmt4wvhxjmcpz3mhxue69uhhyetvv9ujuerpd46hxtnfduqzpjdak6fvau05qvekhelq570cgdhxl0pjtgxjap6xcjmngg35ufaynl4wv2 team! Well done!!

Does this automatically figure out taxes for the end of year?

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Discussion

I am curious about this myself, however I doubt it unless you’ve only ever used Strike to buy corn.

I read it tracks what you spend and gives a report, but it must be up to the user to calculate gains based on basis, which, if you bought BTC elsewhere Strike wouldn’t know.

You're correct if you transfer BTC into strike, but I'm either using direct deposit or buying bitcoin on Strike, so they'll know the basis.

That makes it easy for sure.

Yes. Strike will give you a 1099 at the end of the year showing cap gains. If you have cap gains, that means you did better than if you had left it in fiat.

Great point