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A comment on Crypto crash deepens, stocks slip. Parent comment

Re:Crypto crash deepens, stocks slip by imtringued on Wednesday May 19, 2021 @11:29AM (#27210060)
If you are a US citizen you will have to pay taxes in dollars.
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Re:Crypto crash deepens, stocks slip by ric2b on Wednesday May 19, 2021 @04:44PM (#27214227)
Dollars are one of the easiest things to buy with Bitcoin, so how is that a problem?

I also need water to live my life, but that doesn't make me feel the need to price everything in gallons of water.

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Re:Crypto crash deepens, stocks slip by prepend on Friday May 21, 2021 @08:21AM (#27233098)
Fluctuating prices suck for paying taxes.

Buy bitcoin at $1 on Jan 1, sell at $10 on dec 31. I now owe taxes on $9 in gains, so I’ll need USD$3 on April 15. If on Jan 2, I buy more Bitcoin at $10 and it drops to $6 on April 15 that will suck because then I’ll need to sell half my Bitcoin to pay taxes.

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