>BTC goes to 200k
>bubble beginning to burst
>will owe 40% of crypto gains in capital gains tax
>don't cash out
>buy 10 pounds of gold online and have it delivered to your house
>don't pay tax because it's a trade and not a capital gain
Why cash out?
Elijah Kelly
Logan Gomez
Because you still have to pay tax if you use crypto to buy stuff (unless you want to break the law).
Zachary Morales
how? Here in the US you have to provide ID so it's worthless
Jonathan Brooks
>unless you want to break the law
luckily I'm a sovereign citizen
AM I BEING TAXED?
Xavier Lopez
newegg accepts bitcoin
promotions.newegg.com
>Why convert your gains back to fiat when you can buy a tv with it instead?
you can
newegg.com
Cooper Gomez
Good luck selling physical gold m8
Logan Morris
Because you still have to pay taxes if you buy shit with crypto..?
Austin Jenkins
>you still have to pay tax if you use crypto to buy stuff
>you still have to pay taxes if you buy shit with crypto
citation needed
Aaron Morris
>40% capital gains tax
wew do burgers really get bent over this hard by their gubment?
Daniel Brooks
>hold your crypto for one year
>it's tax-free