In which country would waiting help?
replyIn Germany at least if you've held the coin(s) for 7 years before selling you don't need to pay tax on the profit.
replyNot sure how this applies to donations though, and of course this will almost certainly be changed in the future, .nl is leading the way in taxing _unrealised_ gains; we are sure to follow!
It's one year, unless something changed recently.
replySomething that takes 5 seconds with bitcoin, faster than any other property type, is something you rationalize as taking 7 years
replyWhy does HN collectively tolerate this level of understanding when it comes to crypto
> Something that takes 5 seconds with bitcoin, faster than any other property type, is something you rationalize as taking 7 years
reply> Why does HN collectively tolerate this level of understanding when it comes to crypto
Well that's really funny. Because the 7 years are about tax liabilities not the speed of bitcoin transactions.
So maybe you made a statement about crypto advocates here...
Legally obtained bitcoin is what the person I responded to said, suggesting anti money laundering concerns which are the concerns I responded to
replyAnd the tax liability sister comments all disagree with each other
Notably, the parent commenter hasn’t replied at all yet