MultiversX Tracker is Live!

A portfolio with BTC, stocks, and fiat cash flow is a wonderful combination

Bitcoin Reddit

More / Bitcoin Reddit 136 Views

Ok everyone's been doing the emotional support by telling newbies to hodl or buy more. That's cool. But to me BTC is not an investment, it is money + store of value (SoV). Companies (stocks) are investment. I invest in good companies with products that I use daily. I keep BTC as money as long term SoV. And I have a fiat job.

Now I don't sell BTC, but I do sell stocks; they are investments after all, meaning I will realize gains when I see fit. This is where I love BTC crashes. When I sell stocks, I have to pay capital gain taxes. When I use BTC for purchasing goods, it is treated as selling for fiat then buy with fiat. Thus, this can make capital gains/losses.

=> Whenever I buy with BTC, I use the BTC that I bought with higher price as my cost basis, thus realizing a loss. I then can use this loss to offset the gains from my investments. This allows me use BTC as money and SoV (never sell my BTC), invest in companies I believe in, and offset my taxes.

submitted by /u/shiroyashadanna
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments