.01% of Bitcoin holders hold 27% of all Bitcoin

Re:.01% of Bitcoin holders hold 27% of all Bitcoin by colecut on Saturday May 21, 2022 @01:30PM (#31459921)

So btc has only gone down since you bought it?

If you buy btc, and value goes up, and you use it to "send cash" that is a gain.

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Re:.01% of Bitcoin holders hold 27% of all Bitcoin by emteycz on Saturday May 21, 2022 @01:31PM (#31459945)

BTC has stayed the same price for the duration of my transfers. It's just a few hours most of the time. There is also allowance in the law for this case - I don't need to declare anything unless I profit over $1k/year.

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Re:.01% of Bitcoin holders hold 27% of all Bitcoin by jhgb on Saturday May 21, 2022 @01:40PM (#31460036)

> for the duration of my transfers

What about for the duration of you keeping it in your wallet?

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Re:.01% of Bitcoin holders hold 27% of all Bitcoin by emteycz on Saturday May 21, 2022 @01:42PM (#31460058)

I buy it when I need to transfer (usually using a Bitcoin ATM) and then transfer it immediately - and sometimes I deposit it to the target wallet directly.

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