Damus
ike · 70w
I actually have a #Bitcoin question that I think most of you can answer, so it's finally advantageous to be here being nostr dev updates. If a person does recurring btc buys from a exchange, say ever...
Julia de JP profile picture
The way I understand it (and please correct me if I'm wrong, everyone) is that you want to have your BTC in smaller parcels, and not on exchanges preferably. Also, send it around to yourself, using always a new generated address, which blurs your tracks.
At some point in the future, the government may come knocking on your door, and you may find yourself faced with capital gains tax - but only from that one parcel that you used for the fiat/BTC deal.
2๐Ÿ™1
ike · 70w
So this is useful for dodging taxes. Also interesting to know. However,let's say in my case... honestly it just would be my case if I had a bunch of money, that I would be trying to pay taxes not dodge them.