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First of all, bitcoin is more like gold than a currency. Second, forex traders (and gold owners) have to pay capital gains taxes on any gains. So, what is you
by umanwizard 9y ago
First of all, bitcoin is more like gold than a currency.
Second, forex traders (and gold owners) have to pay capital gains taxes on any gains.
So, what is your point?
- luckydata 9y agoexcept that if someone pulls the plug they disappear while you can still make teeth out of gold :)
- eternalban 9y agoIndeed. Not just a shiny rock, that Au. https://spectrum.ieee.org/biomedical/devices/smart-contact-lenses-and-eye-implants-will-give-doctors-medical-insights https://spectrum.ieee.org/biomedical/devices/smart-contact-l...
- icu 9y agoNot necessarily true... again it depends on the tax rules that apply to you. In the UK you can buy Gold Britannia coins and Sovereigns which is Capital Gains Tax (CGT) exempt because of a loophole where British Legal currency (which the gold coins are) is exempt from CGT.
- umanwizard 9y agoWe are talking about US federal taxes, nothing to do with Britain.
- icu 9y agoWell the commenter didn't say they were speaking from a US perspective and I wanted to emphasise that it's not the case for everyone. While HN definitely has a US slant, there are still a great deal of HN readers from around the world that I wouldn't want to be given the wrong impression.