Post
Topic
Board Bitcoin Discussion
Re: 'Bitcoin is Inflation-hedge' - 'Haha, we just Tax you, that's the same'
by
nelson4lov
on 26/10/2024, 23:01:02 UTC
~Snipped
There are always going to be ways to deal with Bitcoin "under the radar" and avoid taxes. Even though that might not always be possible, there are still ways to avoid the increasing taxation, which the OP mentioned and is frustrated about. Also, I agree with what you've said: we should currently worry about inflation more than a hypothetical increase in taxes, which would counter your gains from Bitcoin. The increasing living cost is a far more complicated and worrying issue that would actually hinder your available income, thus also the real value of your Bitcoin.

Definitely. Anyone who is a firm believer knows this. If you know you're going to be locked in for a long time, you don't sell. You just hold your bitcoin. Everyone knows that Bitcoin will be priced much higher than it is currently being priced at and they speculate about it even. The only downside is always going to be increasing inflation but like I said, just buying Bitcoin gives an edge compared to people who don't and probably just save with commercial banks for 1.2% interest per year lmaoooo.