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/biz/ - Business & Finance

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2692126 No.2692126 [Reply] [Original]

The exchange of BTC for fiat is taxed as capital gains. The exchange of a piece of paper with numbers and letters on it for fiat is the sale of a product?

>> No.2692886

>>2692126
Just never go to fiat then kek. Over time more shit will accept BTC anyway

>> No.2692938

>>2692126
You will probably cop a fine on top of the taxes for that one
>>2692886
You rack up CGT on the disposal of the BTC, it doesn't matter what you bought with it including shitcoins

>> No.2693041
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2693041

>>2692126
desu a good idea is to use USDT

basically tokens tied to the USD, which means price doesnt fluctuate

basically, it's sort of a safe way to store BTC/alts because it won't change, even if BTC does

>> No.2693096

>>2693041
USDT counts too kiddo

>> No.2694227

>>2692938
I am not a mericuck and if I would have a shitton of money I would structure it in a bunch of paper wallets.

>Sir please provide the encryption key.
>I forgot.

O-ok.

In Europe we have a right to forget. They may charge you with fraud but can't force you to give your wallet.

>> No.2694329

>>2692126
stop live in sheet contry
go africa

>> No.2694346

https://www.youtube.com/watch?v=8bdeizHM9OU