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BITCOIN $35,000 – MASSIVE BREAKOUT!!

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6 Comments

  1. Rodger Ver was hoping to make a Bitcoin that is used for day to day transactions that is why he forked the Bitcoin Chain to create B. Cash. But the US Government wants its taxes and will tax you on every transaction so it is not going to work that way. The only way to use Bitcoin now is for the store of value of holding bitcoin that way you just buy and hold for the long term and when you eventually cash out you will still pay taxes but all of your gains you can now go out and use your credit card and buy all those things that you want. Using bitcoin in and out pay over and over for this coffee and that pizza with bitcoin is ridiculous that is what credit cards and cash is for. The government will not charge you capital gains for cash or US currency so why use bitcoin for little transactions? Only use it for the large high dollar transactions this will keep the network free-flowing and keep low fees. So I guess we owe a great big thank you to the US Government for the tax rules that way we will not sell our precious bitcoin just make a stupid little purchase. Just don't forget to report your transactions every year that you sell some of your bitcoin so you don't get in trouble with the IRS.

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