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in order to actually make money, you'd still need a third step of "sell" (or you could spend the BTC directly, i guess)
by blueline 6y ago
in order to actually make money, you'd still need a third step of "sell" (or you could spend the BTC directly, i guess)
- scottmsul 6y agoAs a bitcoiner myself, I like to think of dollars and BTC as just two currencies. Buying BTC is equivalent to selling dollars. If you think that BTC is the better money, it makes sense to move into it and stay there perpetually.
- Proven 6y agoIt's not. You must declare and pay tax on BTC "gains" even if you haven't gained anything counted in BTC.