Quote from: LoyceV on Today at 06:16:17 PM

Quote from: goldkingcoiner on Today at 06:09:03 PM

Quote from: LoyceV on Today at 05:59:54 PM

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 drains your funds in the long run.

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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 questions you get when you pay a Lambo cash.

Thats true. But if you have enough money to buy a lambo, you shouldn't care if some of your money is taxxed.

But as far as the little man is concerned, I don't think that hiding lambos will be a problem for most people. I think the majority of coiners would rather quietly enjoy a modest and slightly higher standard of living under the radar of the government. Especially in countries with bad governments which try to keep the poor as disadvantaged as possible (USA, for example). Or countries that will take your business, your life and your money away from you if you say something bad about the government (China, for example).

I am happy to pay taxes because I know my government will give back to the people. But if my government starts going crazy and starts killing innocent people or putting them into camps, I will keep my funds out of their pockets.