Sunday, November 29, 2020

QUIT SELLING YOUR BITCOIN. IT'S A TAXABLE EVENT.

Unless you are truly in a pinch, don't buy bitcoin in the first place. Each time you convert btc to dollars, the fucking government will try to take their cut. And they go so far as to show your sells as income, meaning, I sell 1000 bucks of bitcoin and your tax guy may unknowingly report it as a 1000 dollar gain, and now you owe 250 bucks in taxes, give or take.


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