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Saturday 25 December 2021

BTC, taxes, and the capital of crypto

So... I just had a great convert with someone who doesn't just know the inventor of Ethereum and his child but also knows the elite group of devrlopers solely responsible for the delve of bitcoin, who were the ones who originally co-developed bitcoin and tried to change our local tax laws because apparently you have to pay taxes on bitcoin capital gains solely based on market price..in other words, if btc rises, at the end of the month you have to pay taxes on the gains, even without selling. Apparently, they also hold around (based on current market price) around 8500 btc (btc, not sat).... I think i had enough drunken Christmas crypto conversation for the next couple of years.

submitted by /u/Polyfrequenz
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from Bitcoin - A Peer to Peer Electronic Cash System https://ift.tt/32xDrgf

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