First of all- I agree on the not selling or trading, I just am trying to mentally prepare myself for BTC going up a lot in strictly dollar terms, and then having a large tax burden as a consequence that nets me negative returns in real terms
Discussion
The way I see it there’s no tax burden unless you’re cashing out, so I just don’t think about it. And if it really flies and you do, it’s a nice problem to have. Pay unto Caesar what’s owed unto Caesar and all that. The alternative is definitely to worse 🤷🏼♂️
I live in hope things really change and will look differently by then