Wait until you hear how BTC transactions are taxed in Poland: they are subject to a 1% tax on civil law transactions (TCTL). The worst part isn't that you pay

Wait until you hear how BTC transactions are taxed in Poland: they are subject to a 1% tax on civil law transactions (TCTL). The worst part isn't that you pay 1% on transactions where you lost money. The worst part is that you are supposed to fill and send the tax form for each individual transaction. Now imagine automated trading, making hundreds of transactions per day - I suppose the cost of paper for printing those tax forms would outweigh any potential gains.