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A lot of Bitcoin holders bought/mined them at much lower prices than current $100. Compare this 7% premium when buying things to a potential 20-30% capital gain
by oleganza 13y ago
A lot of Bitcoin holders bought/mined them at much lower prices than current $100. Compare this 7% premium when buying things to a potential 20-30% capital gains tax you'd have give up when cashing out via exchange.
- wmf 13y agoBTW, you probably still owe capital gains tax when you buy something with Bitcoin.
- NegativeK 13y agoIn the US, "probably" is probably an understatement.
- mikeash 13y ago"'Probably' is probably an understatement" is probably an understatement. Oh dear, I think I've broken it.
- oleganza 13y agoI guess so. But for those who want to avoid paying it, buying things daily is less risky than going through the bank. Just like with earnings in cash that you spend in brick and mortar stores.
- celticninja 13y agoin the UK if your gain in any tax year is less than £10,600 you do not need to inform HMRC, so any gain made by purchasing beer is unlikely to be of concern to them.