If one buys Bitcoin at $30,000 USD per coin, but sells that coin on an exchange someday for $500,000 per coin, that person would have to pay capital gains on the increase. However, if you could purchase stuff with the Bitcoin later on, their purchasing power would be so much greater than today. Couldn’t someone just avoid paying capital gains by using Bitcoin to buy thing’s vs converting it to fiat? How would the government know you spent your appreciated Bitcoin?
Also, please avoid the “hodl”, “keep stacking”, and “never sell” comments…we all know that is what we are here for.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments