DugandRupe on Nostr: Hey dad, did you enjoy your day of marking? No, I ran the numbers on what living on ...
Hey dad, did you enjoy your day of marking?
No, I ran the numbers on what living on Bitcoin could look like, where each month you put all your money into Bitcoin (well actually liquid to deal with cost basis issues) and then sell as expenses come in (mortgage, food, travel, fun). See my graph of Dollar value of saving where the orange line is saving in Bitcoin.
But what happens if the price of bitcoin goes down in a month? (This is made up so bare with me)
Claim the loss back in taxes the next year. 😎 yes in 2018 you were able to claim nearly a #bitcoin back in losses.
No, I ran the numbers on what living on Bitcoin could look like, where each month you put all your money into Bitcoin (well actually liquid to deal with cost basis issues) and then sell as expenses come in (mortgage, food, travel, fun). See my graph of Dollar value of saving where the orange line is saving in Bitcoin.
But what happens if the price of bitcoin goes down in a month? (This is made up so bare with me)
Claim the loss back in taxes the next year. 😎 yes in 2018 you were able to claim nearly a #bitcoin back in losses.