Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
LoyceV
on 08/12/2021, 18:16:17 UTC
⭐ Merited by bitcoinPsycho (1) ,JayJuanGee (1)
Not the Dutch government: HODLing is taxed, selling only gets you questions from your bank.
Wow. Wtf. How does that work? You buy at 1k and it grows to 100k and if you don't sell then you owe taxes on that 100k? What if next year it goes from 100k to 1k? Do you get your taxes back?
It doesn't matter if you sell or not, anything you own is taxed each year by up to 1.76%. That's great if you gain a lot in one year, but it's terrible in the long run.

Quote
Seriously, nobody living in places with unfair tax laws should sell themselves out to their government by linking KYC or info on their crypto assets.

As long as you don't sell yourself out and don't link your purchases to yourself, your bags stay hidden. Thats the very point of Bitcoin.
The problem with that is: you can't ever enjoy your money if it's hidden and the value gets high enough. You can't answer the question you get when you pay a Lambo cash.