Bitcoin

Up until now ive only been in btc etfs but recently put my big boy pants on and bought some actual btc and a cold wallet and all that jazz. After going through the coinbase setup and all the tax notices, can someone explain like im 5 what my tax implications are with bitcoin? do i need to claim realized gains when i sell? do i have to claim how much bitcoin i have orrr?
Tax?.......Nah dude, it's decentralized.

:p
 
This is just playing around with graph scales. He puts up time limited linear graphs of various bubbles and compares them to a long term log graph of bitcoin. If you lengthen out the time of the housing & dotcom bubbles and put them in log, they’ll look just like the bitcoin graph he presents. He even shows this to you by turning around then immediately presenting companies that went through the dotcom boom in long term log scale graphs and says “see, looks just like bitcoin.” Ridiculous.
 
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