Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Ibian
on 17/09/2018, 22:24:40 UTC
Nice to see Monero back in the top ten. Could have been there for awhile mind you and I haven’t noticed.

Are you invested in monero?

I am conflicted about Monero.  I love the idea of a truly anonymous currency.  But from an investment point of view, I think their tail emissions policy is flawed.  I know it is only 0.6 XMR per block, but I feel that is enough to have a real impact on supply, meaning that Bitcoin is a far superior long term investment.  

So I watch Monero closely but don't hold any.  I had a fair stack that I sold for Bitcoin at the start of this year.  If I start to feel that Bitcoin is under threat, I might go back to holding some Monero as a hedge.  I held a stack of Monero through the Bcash debacle as a defensive hedge.  
Far more importantly, if you have a few millions set aside and you cash them out to buy, say, a house, the taxman will show up with Questions.

Being below board is simply not worth it in the current culture.

I am not American so not subject to tax on my global income if I stop being a tax resident of my country of residence.  If I ever trigger a retirement event through crypto, I will just move offshore.  All perfectly legal. 
It might be legal, in theory, now. But states always want more power and control, never less. Laws change.