Quote:
Originally Posted by woj
so what's the advantage over just pulling the cash out of your pocket? isn't using some app and risk getting hacked (or something else going wrong) in the process, etc, a bit clumsy? or just use a credit card, at least if something goes wrong, it will be credit card company's problem?
|
Well ….. if you bought the bitcoin for say $90. and it's worth $150. when you trade part of it for a drink you would need to pay tax on the part of the $60 profit your investment yielded.
Or you just drop a few dollar bills on the bar and walk away. Who the hell wants each small transaction to become a taxable event? Seriously who?
That's the problem for everyday consumer use. As far as an investment? …… If you can mine them or buy low/sell high then go for it. A good investment is a good investment, but don't tell me it's the new way to buy a Heineken.
.