Hello all,

I have been trying to do some research on this for the past few days however between work and life I have very little time to dedicate towards gaining a concrete understanding. I am hoping one of you amazing people could enlighten me on this matter.

As I understand it, capital gains tax applies when you sell your coins as you have realized those gains and it becomes an income source that must be reported and payed appropriately in accordance with your local tax laws. My question is, if an individual uses their BTC to buy goods or services is that seen as a realized gain prior to the purchase of said product?
 

I apologize if this topic is tiresome or repetitive to the forum savvy, but feel free to ELI5 or if you have the time I welcome links to resources that I may do my own research and save you the energy.

Thanks in advance!

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The Debate between Bitcoin and ETH about which one is a better performing asset over the years has long been won, and it's crystal clear that Bitcoin is the king of crypto, and I doubt if anyone can still challenge that. ETH is losing to SOL right now due to its high gas fees, all transactions that are carried on the ETH chain are on the high side, so who wants to spend high fees? Whereas there's a alternative way to the same thing with SOL, I don't think ETH has totally failed, since we now have more ETH burned, thereby reducing its supply.

You can certainly make sweet amounts of Money doing both Altcoin and Stock trading.  And you can outperform Bitcoin nowadays, but it involves an incredible risk not many should afford to choose.  A few hundred percent is what Bitcoin did last cycles, and this is something that is not impossible be surpassed.  The question is how.  How the hell do you pick the perfect Altcoins, withdraw at the perfect time and return with more Bitcoin.  I suppose you either need the experience and knowledge or to be simply lucky and hit the 'jackpot'.  Most of the time, you think you make a lot of Money and then you quickly realize you would of had more Profit if you simply held Bitcoin all the time.

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Has it really?  Seeing the Ethereum charts over the last few days I would have thought it was the opposite actually.  Very curious!

If comparing both network you would see that Sol is fast increasing in term of price than ETH but when talking about long term investment then we can choose Eth, though I am more passionate about Bitcoin but even though eth/sol seems to be more affordably as of now, from my view this market would mostly favor bitcoin the more than altcoin, even though lot of people has been saying that not yet for altcoin season i still believe they won't be that outperforming bitcoin.

Do you think Bitcoin still has all original devs contributing, a few or none?

It will seem like I'm going on a tangent, but stick with me. I've been going down the crypto rabbit hole for 10 years now. the last few years I stopped using bitcoin for payments & shifted to Monero, as I wanted privacy by default, however lately I've lost confidence in XMR's privacy due to the possibility it may have a vulnerability in key image analysis & may not be fixable. theoretically speaking, it allows Chainalysis to quickly connect transactions together using AI. They may not be disclosing their ability to trace it for numerous reasons. there's only a few coins that actually have privacy by default, and more specifically, that have privacy by default & OG cypherpunk devs. given all the evidence lately that has surfaced about bitcoin's hijacking, do you think it's possible that the OG dev's have moved to other coins. 2 that stand out to me are Dero & Piratechain. I think Monero has some OG devs too, I just don't know if they're very aware of key images analysis threat yet. You can't be ignorant in these times & have to keep an open mind. yes Dero has a bug & it's been de-anoned (apparently a patch is coming), however key image analysis isn't a problem because it uses account model & not UTXO. from what I've read, I'm no expert, DYOR of course.

I want to place my attention where the OG dev's are. Not here to shill or trigger anyone. Crypto is suppose to be private. All these surveillance coins are just leading us closer to the impending dystopia. My only wish - I want to use the best tech available to fight the NWO.

IMO, they installed trump & made him pro-BTC, and now they're going to make it a very sly CBDC. Most of it is already KYC'd & centralized - they don't need to control the base network. They will use the interface of government to enforce the rule of law (threat of violence) onto the people. The Trojan horse almost no one is expecting.

This is a bitcoin topic BTW, because bitcoin was suppose to have privacy. it all started with bitcoin.

In what world does it make any sense to set taxes on unrealized gain? Especially on as volatile asset as Bitcoin is? This is crazy! This will be an additional headache for every investor. Denmark should be aiming to motivate people to know what cryptocurrencies are and to invest in it but instead they make it less attractive for people while UAE does amazing job at attracting investors and businesses all over the world. This doesn't make sense and I hope they'll understand that everything should not be taxed.

And it is still $75,331 as of this moment, so after a correction, maybe there are speculators who sold and take small profits, and there could be reports that it is still very close fight between Trump and Harris. However, it's very clear that Trump had won already, so the price keeps pushing up and hitting another all time high. So now, we will wait how big this rally will be for us.

Remember that this is just the beginning, or this could be the news that we all have been waiting to see. Maybe some of us here doesn't want Trump to win, but it is what it is. The Americans have spoken, so let's see if Trump will make his promise to make Bitcoin or crypto his centerpiece or US will have a relax regulations. Congrats those who are still holding by this time and seeing their wallet grows x folds by now. But we should keep holding as next year if Trump officially sits at the White House, we might see 6 figures already.

Have they actually found Craig Wright's whereabouts yet?

Last time I heard, the authorities were unable to find CSW anywhere in the UK. In fact, nobody really knew for sure where he went. So this must mean some police body somewhere has tracked him down and at least have a location on him.

No sympathy for this guy at all. He fucked around, so now it's time for him to find out.

Gold is perhaps 0.1% of the world's reserves in terms of a store of value. It used to be something like 50%.

Nothing is going to happen to Bitcoin, it's just that alternatives will become much bigger than it.


Consumer investors have demonstrated, based on their actions, that they don't care about decentralization. Today most Bitcoin is held using a person or company's known identity, using a broker or an app. And there are thousands of L2 "bandaids" on top of Bitcoin that basically eliminate decentralization--and lots of people are using these too. And then there's the ETF. And almost every crypto besides Bitcoin--which makes up about 45% of the total market today--is based on the defacto centralized PoS model or something similar.

Consumers simply don't care about "decentralization", and I suspect 95% of investors in Bitcoin don't even have the first clue about what that word even means. The market is clearly evolving away from this notion and it has been for years now.

Who would be able to tell when his BTC is moved, or there are his address at place to watch and learn how it's done?