Select your timezone:
Select

Why would anyone ever use Bitcoin?

Reply
Subscribe
I have been thinking about using bitcoin to fund an account. Until, lol, I read where every time you buy a bitcoin, you get taxed on the value of it (😟)....That simply can't be true, can it? Then, if you win and convert back to cash, you pay capital gains taxes on that? What's the point if you get taxed en you buy, then taxed when you sell?

Can anyone tell me where I am going wrong with bitcoin?

Thanks
Join: 2015/10/19 Messages: 32
Quote
0
Erovaisa wrote: I have been thinking about using bitcoin to fund an account. Until, lol, I read where every time you buy a bitcoin, you get taxed on the value of it (😟)....That simply can't be true, can it? Then, if you win and convert back to cash, you pay capital gains taxes on that? What's the point if you get taxed en you buy, then taxed when you sell?

Can anyone tell me where I am going wrong with bitcoin?

Thanks
Bitcoin is not my choice!! Google is your best friend. (Search and you will find what you are looking for)

Regards: Manne
Join: 2006/12/07 Messages: 29893
Quote
0
Manne wrote: Bitcoin is not my choice!! Google is your best friend. (Search and you will find what you are looking for)

Regards: Manne
Sorry i just can't help you with that.
Join: 2015/09/20 Messages: 247
Quote
0
nattika wrote: Sorry i just can't help you with that.
Hm.. I think that I`ll stop playing for bitcoins and prefer just dollars or pounds..
Join: 2015/10/19 Messages: 32
Quote
0
Erovaisa wrote: I have been thinking about using bitcoin to fund an account. Until, lol, I read where every time you buy a bitcoin, you get taxed on the value of it (😟)....That simply can't be true, can it? Then, if you win and convert back to cash, you pay capital gains taxes on that? What's the point if you get taxed en you buy, then taxed when you sell?

Can anyone tell me where I am going wrong with bitcoin?

Thanks
I have been thinking about using bitcoin to fund an account. Until, lol, I read where every time you buy a bitcoin, you get taxed on the value of it (😟)....That simply can't be true, can it? Then, if you win and convert back to cash, you pay capital gains taxes on that? What's the point if you get taxed en you buy, then taxed when you sell?

Can anyone tell me where I am going wrong with bitcoin?

Thanks


Where did you hear that ? Please post a source so I can look at any details and the site it refers to.
Join: 2006/12/07 Messages: 2120
Quote
0
ixgames wrote: I have been thinking about using bitcoin to fund an account. Until, lol, I read where every time you buy a bitcoin, you get taxed on the value of it (😟)....That simply can't be true, can it? Then, if you win and convert back to cash, you pay capital gains taxes on that? What's the point if you get taxed en you buy, then taxed when you sell?

Can anyone tell me where I am going wrong with bitcoin?

Thanks


Where did you hear that ? Please post a source so I can look at any details and the site it refers to.
Where did you hear that ? Please post a source so I can look at any details and the site it refers to.


I would like to know that too!
Join: 2006/12/20 Messages: 978
Quote
0

ο»ΏNew posts