Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Au contraire, I just fired off a transaction to load some coin onto the exchange. Not sure when I'm going to pull the trigger, but going to take another low 7 digits in profit to calm me down. Shouldn't need to sell any more until the ranch gets nearer to completion; at least a year away.
Heard back from our accountant, and quarterly reporting is pushed out for another month, so I have more time for a price recovery. Would like to go at least a full quarter before I consider selling again, and even then, that'll likely be a big *IF* depending on circumstances.
For example, when i sell BTC, it is considered to be the "oldest" corn i bought so far. If i buy a whole BTC in 2019, buy another one a year later and sell it some weeks later on an exchange, it's tax free, because the tax officials consider this as a sell of the "old" BTC from 2019. You don't have that advantage, afaik.
This is quite effective against daytraders evading taxation, makes some sense in the end.
But laws can be changed, and the EU started to think about that recently
