/biz/ - Business & Finance

>>2054077
See, I nearly fell for this thought pattern just now.

Firstly, it doesn't matter whether you invest into cryptocurrency or any other kind of currency. There will come a time where you earn enough to be taxed upon it. Unless you're extremely good at hiding the source of this income, or you move to a location wherein it isn't taxed as a capital asset or other such tactics...

The state will always want a piece of your pie, so why not put your money into the pie (cryptocurrency and blockchain) that is an almost certain long term profit?

Your strategy shouldn't be buy and hold, it should be buy, generate further resources and live off the gains from inflation when more people continue to uptake.

Let me break it down for you like this.

Stop thinking about segregating your assets. If you currently hold less than 100k in cryptocurrency (babbytier coiner) you're doing it wrong.

Your ratio of complete investment into crypto should vary, however what you should be looking to do is implement a strategy to make your current holdings generate you more income. Don't think of crypto like a stock, you have to change part of how you live your life to fully take advantage of it.

For the record, shares, dividends, stocks, etc are also taxed just as savagely... so maybe your complaint isn't worth pointing in the direction of investors, instead towards the state.