I do not have to pay income tax on my holdings, just 1-3%.
It's in your country law or what? So from your words, if you try to sell BTC you will be needed to pay only 1-3 %? Sounds pretty silly, especially in EU. Maybe in some offshore - yeah, true story, but not in EU. As i remember the only country with such opportunity is Germany, where if you hold btc more than one year you don't need to pay taxes on them.
Listen, I was just pulling your leg a little about paying taxes and being allowed to shoot your guns everywhere, valid points you made, but really, factually, you DO NOT have to pay any form of tax on your bitcoins or gains on bitcoins or cashing out of bitcoins here in The Netherlands OTHER THEN the taxes you pay on ALL your wealth that you have at the beginning of the year, and that tax is quite reasonable. So what i do is just screenshot my blocckfolio, then add that to the amount i have in stocks, in cash money (for example the amount I have saved up for maintenance on my house) and other monetary stuff (not the Ducati or the house itself), then pay taxes over that. First 30k no taxes, then up to 100k 0.54%, then 1.34% up to 1 million, anything above that 1.6%. Again, no taxes on any form of transactions, gains or losses or whatever.