Post
Topic
Board Announcements (Altcoins)
Re: ★★DigiByte|极特币★★[DGB]✔ DigiSync v6.14.2 - DigiSpeed - Segwit -DiguSign
by
cryptmebro
on 31/05/2017, 20:36:13 UTC

It's easy for fiat to move into crypto, but it's not so easy getting back out (when you're talking about profits and a rising market).

And then you've got TAX considerations. When you convert to fiat, you have to report it, and with no cost basis, holy shit batman, there goes a good 40-50%, if you're lucky. And transaction costs. And slippage. Etc.

There are lots of sound reasons why it's better just to leave it in crypto. A crypto milk cow is what I've got for life. ;-)

I'm sure that's the attitude many have, and accounts in large part for why Bitcoin profit takers are staying inside crypto by buying Alts.


agreed. it's a fucking cluster-fuck of bullshit.