Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
vapourminer
on 28/04/2021, 18:26:11 UTC
⭐ Merited by DaRude (1) ,JayJuanGee (1)
You don't pay for moving coins to a ledger anyway but not everyone will be 100% bitcoin when it goes above a million. Everyone in the US and on this forum may eventually get hit with the tax when bitcoin goes up combined with hyperinflation. Also, if the US goes to 43.8%, you can bet the EU will follow shortly. What happens when a million is equivalent to a current $100k because of inflation? Could happen in a few years at the current rate.

I think you do: If you move coins from an address to another then I thought it was a taxable event ("work" is being done, like those crazy Jewish sabbath rules). Maybe if it's not in your control, but if that's the case then the argument should be move coins around at will, tax when converted into fiat.

nah moving corn between addys you control is not taxable. its like when you top your hot wallet up or xfer to an exchange. the taxable event occurs when you finally convert btc to fiat or anything else (altcoin, gold, etc).