4 ms·
Dollars are one of the easiest things to buy with Bitcoin, so how is that a problem? I also need water to live my life, but that doesn't make me feel the need
by ric2b 5y ago
Dollars are one of the easiest things to buy with Bitcoin, so how is that a problem?
I also need water to live my life, but that doesn't make me feel the need to price everything in gallons of water.
- prepend 5y agoFluctuating prices suck for paying taxes. Buy bitcoin at $1 on Jan 1, sell at $10 on dec 31. I now owe taxes on $9 in gains, so I’ll need USD$3 on April 15. If on Jan 2, I buy more Bitcoin at $10 and it drops to $6 on April 15 that will suck because then I’ll need to sell half my Bitcoin to pay taxes.