/biz/ - Business & Finance

What are the chances of cryptocurrency having capital gains tax removed from it in Australia and the United States?


I never sell anything not because I’m 100% diamond hands, but because I don’t want to create a tax event, so I just keep accumulating in the hopes that one day CGT won’t apply

>keep all my Bitcoin in cold storage
>too lazy to panic sell it

Who here gona make it in the long run out of pure laziness?

Why is /biz/ so skewed towards making it big immediately and constantly trading and trying to time the market and panic selling, etc?


Feels like I’m one of only a few people here who are thinking in 5-10 years time frame, and that I consider all money I’ve put in already “lost” until the cryptocurrency I’ve purchased hits a level where I could comfortably easily sell some and buy land and a house outright.

Why are you so in a rush?

How do you even liquidate shitcoins that you got in early and 100X’d on?

Whose even buying your bags after your random shitcoin that 100X’d? Normalfags don’t buy shitcoins, so how exactly are you selling 100X’d bags (and loads and loads of them) to other shitcoin buyers?


Is there really enough of a population of shitcoin fools to buy your 100X’d bags?

Doesn’t make any logical sense that you’d be able to sell those relatively unknown alt coin bags considering the only kind of people who buy alt coins wouldn’t be the type to buy 100X’d bags....