Quote from: Smokin Joe on December 15, 2021, 12:26:53 PMQuote from: Cyril Farrell fan on December 15, 2021, 11:45:21 AM
Do people who dabble in Bitcoin ever use them to buy anything? Or do they just accumulate them to speculate on the price?
Buying anything with them results in a CGT gain (if the price increased since you bought)
Not sure what the poster means here exactly but to me this comment is more than a little misleading
The minute you liquidise Crypto into cash (or any other asset cars houses, stock & shares, food phone etc) you are liable for capital gains.
If you bought BITCOIN low and sell high good luck to you but you are liable for the gains you have made
BITCOIN IS NOT CASH!
Don't think of it as such, revenue services around the world have struggled to keep abreast of the exchanges but they will catch up with it sooner rather than later, Ignorance holds no sway...... so know the facts!