Germany ditched the holding period a while back for stocks. You pay 25% plus a little bit (26.375% in reality) on every gain, no matter if you hold it for 10 ye

Germany ditched the holding period a while back for stocks. You pay 25% plus a little bit (26.375% in reality) on every gain, no matter if you hold it for 10 years or for two seconds. Bitcoin is tax-free after a holding period of 1 year afaik. If you lose $500k, you don't owe taxes, congratulations. But you still lost money (even if you maybe only lost $300k, because the rest would've been taxes).