RE: The Layers Of Bitcoin
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God Morning and Thanks Today post.
In Sweden it is a lot People owning contracts (papper coin) so Maybe it is different from different country.
With paper I get a much lower tax.
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Good morning looks like someone had their coffee today. So how do they buy and trade these contracts? Is there an exchange where you buy and sell them?
Why care about tax? You can't get taxed if you never sell :P, HODL till we die
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You can buy/sell contract in BTC and ETH in our biggest stock-exchanges. It takes 2 minutes to register and you can trade them in a speciall low-tax account. Every year you pay 0,8% of the total value. It doesnot matter if you sell or not. This is the most common way because it is so easy, "secure" and low tax.
You can also buy CFD - that is pretty common too. Without leverage it is pretty same value like real Btc. Here I have 15 different coins to select. I have to pay 30% tax when selling IF I make profit. This can be automatcly calculated and report to taxdepartment- Also a EASY way.
I have both - but most real crypto because I think it fun to test out a lot of things.
Sounds like it defeats the purpose of investing in crypto to me and you might as well buy stocks, but hey to each their own. Easy and secure lol yeah right what's more secure than the blockchain?
I get the need for Stockholm syndrome investors, as they keep value in the system, but its fighting a losing battle, or so I hope
I'll store my own crypto thank you very much and ill wait for the rest of the world to catch up and make me stupidly rich
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