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/biz/ - Business & Finance

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2156996 No.2156996 [Reply] [Original]

Has anyone got any experience with ETH/BTC debit cards? from my limited knowledge of them you can just buy things in fiat currencies and it will just be converted from ETH/BTC to what ever currency its supported with. if that's the case that's awesome and is it not a way to completely avoid the capital gains tax because in theory you never cash out

any of you guys got any advice on which the best one is to use?

>> No.2157017
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2157017

>> No.2157031

>>2156996
Yeah but what about days when there's a dip?

>> No.2157053

>>2156996
Ignoring the price of BTC relative to USD, cause I know some people here trade only to increase their BTC holdings and claim not to care at all about USD, the value of BTC fluctuates far too rapidly against commodities. That's the problem, nothing to do with USD.

My point is that having the card use only BTC or ETH isn't enough, except for avoiding taxes if you weren't already doing that. You'd have to have the merchant ALSO price things only in BTC/ETH so there's no fluctuation on a given day. That's the problem.

>> No.2157055

>>2157031
i dono maybe just pull cash out of an atm when you know its strong

>> No.2157140

>>2157053
ahh fluctuation is gonna be a fact of life over the next few years, and why would the seller need to have a set price for btc aswell as usd, wouldnt the conversion rate that day be your guide? you could just get cash out when its strong and live on that cash?