I hate it but I DID sell some Bitcoin recently..
I made some Bitcoin recently that I will have to pay taxes on..
It was keeping me up at night that if by the off chance Bitcoin dumps then I would be stuck paying taxes on its price when I acquired it, no matter it’s current price..
So basically by the off chance Bitcoin really took a fall, I could be stuck paying more taxes than what the coin was worth at all, and that could REALLY hurt me..
So, I played it safe and sold just enough to cover what taxes I’ll have to pay, which is making me sleep much more comfy..
When all you have is
BTC sometimes you have to sell to pay for things.
What is needed in every country is a service that allows you to pay your taxes in bitcoin and allows for easy conversion of government spending into bitcoin.
That way the governments will be the final holdouts of the legacy currencies printing and defacing it as much as they want while the rest of the economy can be 100% bitcoin.