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Two serious questions:

1. Do you live on a #Bitcoin standard?

2. If so, do you have any regrets?

GUI⚡ 1y ago 💬 2

1 no

2 no. Because it's not really an option for now. I could. But I would have to endure a tax event every time I buy something if the fiat value of the BTC is up, which it is by a lot!

So, if I don't want to part with my BTC for no reason, I have no choice but to wait for legislation to change or to go to a more crypto-friendly place, which is not in the family plans for now.

But bonus question, do you want to?

Hell yes! I can't wait! ☺️

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Discussion

sauna 1y ago

Unintended consequence of tax treatment: increasing holding behaviour, increasing NGU. Bullish

frenchHODL 1y ago

No gains is better than tax event and gains?

Most platforms automate the tax return, you don't have to see each transaction as an event but just once a year having to file a return