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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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<blockquote data-quote="Klaus" data-source="post: 16624461" data-attributes="member: 190070"><p>LOL crypto bros. </p><p></p><p>"But its a currency" except you cannot buy anything with it. It never will be a currency given the vol and positive expected value. </p><p></p><p>"But its a hedge against fiat currency." To own it you need to convert fiat currency into it. To monetize it you need to convert it back into fiat currency. </p><p></p><p>"But its anonymous." Except the only way you can transact is via an exchange which tracks all transactions. The IRS deems crypto property which means that you have to pay cap gains taxes on it.</p></blockquote><p></p>
[QUOTE="Klaus, post: 16624461, member: 190070"] LOL crypto bros. "But its a currency" except you cannot buy anything with it. It never will be a currency given the vol and positive expected value. "But its a hedge against fiat currency." To own it you need to convert fiat currency into it. To monetize it you need to convert it back into fiat currency. "But its anonymous." Except the only way you can transact is via an exchange which tracks all transactions. The IRS deems crypto property which means that you have to pay cap gains taxes on it. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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