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I can't decide if your comment is intentional misinformation or just plain clueless. Bitcoin is obviously capital asset. People pulling out of a capital asset
by emteycz 4y ago
I can't decide if your comment is intentional misinformation or just plain clueless.
Bitcoin is obviously capital asset.
People pulling out of a capital asset in order to consume doesn't underline anything, just as pulling out of a Forex position says nothing about either currency of the traded pair.
The fact that BTC dropped does not demonstrate anything without context - and in my case the context is that I'm currently 100,000% in profit (and the drop was not 50%), that should demonstrate it's one of the best imaginable vehicles for making more money than I ever could save.
It's whatever it is. My wallet doesn't care about definitions or categories.
A risky tool remains plentiful, and now I'll double my money once again.
- jqpabc123 4y agohttps://www.accountingtools.com/articles/capital-asset https://www.accountingtools.com/articles/capital-asset
- emteycz 4y ago(capital) (asset), not (capital asset) I'm not well versed on English/US accounting terms, this was not intended. Where I live, I pay a "capital gains tax" on my "assets" - including Bitcoin.