Damus
Cyph3rp9nk profile picture
Cyph3rp9nk
@Cyph3rp9nk
This is the current situation.

- You buy something with Bitcoin:

In most countries you have to pay vat and in addition capital gains between the difference of buying and selling Bitcoin if you have made a profit.

This is an approximate 20% + 20% (of the profit) (It depends on each country).

- You sell Bitcoin:

You pay between 20% and 30% of the profit (Depending on country).

You have a lot of Bitcoin:

In some countries you will pay wealth tax.

You have a lot of unrealized gains:

In many countries they are trying to apply this, soon we will have the first country to do so.

If you have bought bitcoin with KYC you are screwed, the exchanges will end up passing all the data to the states and their respective tax offices.

If you have non-kyc bitcoin you can only use it to buy a soda, if you use it to buy a car or a house they will accuse you of money laundering, drug trafficking or whatever they want.

And you think bitcoiners have won? You can go to a country that has more lax tax regulations but tax havens are becoming increasingly difficult.

You have to try to make Bitcoin legal tender, and to do this you have to use your Bitcoin, and you have to accept Bitcoin as payment, only by creating a large black market where you do not have to pay taxes you can bend the state, otherwise your Bitcoin will only enrich the state.

During all these years the HODL strategy has been totally wrong, while we have carried out HODL the states have encircled us.

We came here for freedom.
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Spanish bitcoiner · 69w
I agree, Bitcoin must be use as a medium of exchange. But tax on unrealized gains wont be applied. Maybe in USA and for extremely high net worth individuals.
Tyler Boyd · 68w
Holding and buying Bitcoin still puts pressure on the issuers of fiat. It's still a net gain for hodlers long-term, even with the 20%-50% exit tax. I agree that HODLing is only one leg of the strategy. Not the whole strategy. As soon as something like a Bitcoin circular economy emerges that inc...
Tyler Boyd · 68w
Holding and buying Bitcoin still puts pressure on the issuers of fiat. It's still a net gain for hodlers long-term, even with the 20%-50% exit tax. I agree that HODLing is only one leg of the strategy. Not the whole strategy. As soon as something like a Bitcoin circular economy emerges that inc...
Tyler Boyd · 68w
Holding and buying Bitcoin still puts pressure on the issuers of fiat. It's still a net gain for hodlers long-term, even with the 20%-50% exit tax. I agree that HODLing is only one leg of the strategy. Not the whole strategy. As soon as something like a Bitcoin circular economy emerges that inc...
Satosha · 39w
Bitcoin is not a payments system . It is the best Asset to own and hold ... You don't go around buying coffee with #gold .. do you ?
Margaret · 39w
Hang out with friends. they pay da bills in fiat then you zap em da corn
Turiz · 39w
https://image.nostr.build/0f28e62f11fb28a06b5426339fcfabcd3e220e15924670aa0fb0b866c98ce1f5.jpg https://image.nostr.build/6b001cdccbe787f26d078f08250eb2dd68fdcb277a706a642e7ab30597f9e4e4.jpg "During all these years the HODL strategy has been totally wrong, while we have carried out HODL the states ...