To anyone who wonders why I'd even track this or pay taxes:
You're right. Have fun with the auditors.
I was slightly worried that living on a Bitcoin Standard would mean that I would churn through my purchase history fast enough that I some of my transactions might fall under short-term capital gains instead of long-term.
Fortunately this is not the case.
Looks like my shortest hold for any tax event this year will be 3.16 years.
I'm inclined to disagree. Personally I'd rather get 2% back in fiat and just convert it myself.
Fiat’s stock-to-flow ratio could basically hit infinity since there’s no limit to how much can be printed.
Tens of trillions of dollars of value are coming for bitcoin...
After it clicked for me in January 2021, I bought 2 separate 50% drops within 15 months.
I hold 0 dollars. I know why I'm here.
As in 100% of my capital and an equal amount stacked through use of low/no interest short term credit.
I'm not there yet, but definitely long...
I had paid for a year of Fold's premium membership to avoid fees, but I'm willing to pay some small fees to Strike in return for never having to think about fiat.
Strike auto-converts sats to fiat as an ACH posts.
This is different than Fold, which requires you to manually sell ahead of time to ensure there is enough fiat in your cash account when the bills are due.
It's just a matter of that automation and never having to worry about maintaining a fiat balance.
Peace of mind.
We are all reckless maniacs now...
"BlackRock says up to 2% Bitcoin allocation is a reasonable range"
Sounds bearish. Let's 100x that allocation.
This is why nostr. We have the best comedians: