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all 9 comments

[–]makavelixx 68 points69 points  (4 children)

The ad on reddit told me this would be a subreddit where experts share financial tips. And then I see this.. Disappointed

[–]NotTopherGrace 12 points13 points  (0 children)

All of these "If you'd bought X BTC Y Years ago you'd have Z gains" posts are cancerous. 99% of the people who would have bought in would have sold within the year on a low to recoup costs or on a peak for a profit.

[–]Forlarren 2 points3 points  (0 children)

But a short-term Bitcoin investor, who spent or sold their Bitcoin within a year of first buying it, they’d be taxed at the ordinary income tax rate, which can be as high as 39.6%. Capital gains taxes max out at a lower 20%.

This is how we win. Hold or get taxed out the ass. MUHAHAHA

[–]OzarkaFresh 7 points8 points  (0 children)

For this reason, I'm out.

[–]Justin_Waters 0 points1 point  (0 children)

The primary utility of cryptocurrencies is facilitating illegal transactions and ponzi-like speculation. I bought Bitcoin in 2014 for research reasons, but I did not invest for reasons I still consider reasonable and ethical.