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76 sats \ 3 replies \ @ek 11 Dec \ on: Thoughts on using Strike to pay bills bitcoin
Doesn't the capital gains tax also imply if you lose money, you can deduct that from your taxes?
I'd like to keep my fiat and bitcoin accounting separate. I also use YNAB and "Bitcoin" is simply a monthly budget in there.
I think Strike is awesome because of the set-and-forget nature of the recurring purchases that are free after one week. I had to adjust them a few times because I ran out of my bitcoin budget at the end of the month and then they got disabled and I had to start paying fees for a week again but I think I now found a good balance between daily purchases and still having enough for dips.
It also has a very clean interface for which I am willing to pay a significantly higher fee compared to other exchanges for smash buys.
But the bills feature isn't for me.
CGT is theft because it motivates the governments to create inflation and harvest more taxes. You will always pay more than you offset with losses, that is how the system is designed. Bitcoin is our escape hatch from the prison.
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Of course, that's common sense. In Portugal you can use past losses for two years, of course you can only use the same loss once.
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