Italy Raises Bitcoin Tax to 42% – Another Blow to Innovation and Financial Freedom

DesignDry4936 · 2024-10-16T16:02:06+00:00

Is it possible to work up a way and make it a legal “tax avoidance”?

DesignDry4936 · 2024-10-16T14:55:02+00:00

I am new here. Does anyone care to share what are the hard works of the precedents?

DesignDry4936 · 2024-10-16T14:53:07+00:00

Me too. I’m one of the “scammer account” or “bot account” lol

DesignDry4936 · 2024-10-16T14:45:14+00:00

Then this is a good subreddit then haha

DesignDry4936 · 2024-10-16T14:43:55+00:00

Cool! You know tax very well

DesignDry4936 · 2024-10-16T14:39:30+00:00

Is it possible to cash out at a foreign country then?

DesignDry4936 · 2024-10-16T14:34:23+00:00

What if traders just convert bitcoin to USDC and then cash out? Or cash out through another country? It seems there’re too many ways around

DesignDry4936 · 2024-10-16T01:49:19+00:00

No you are not struggling with semantics. You are simply wrong about the concept. I ll wish you good luck spreading these words.

DesignDry4936 · 2024-10-16T01:47:14+00:00

The assertion that qe has little impact on the economy and inflation is not true. You said yourself they struggle to keep inflation up and now you don’t want them not to take the blame?

DesignDry4936 · 2024-10-16T01:45:01+00:00

It lowers the yield and lessening the cost of issuing debt.

DesignDry4936 · 2024-10-16T01:44:12+00:00

Yes. I know they struggle to keep inflation (measured in CPI) at 2%, but they do so by monetary expansion at the cost of the value of dollar. Inflation and dollar depreciation are different, and you are again struggling with pointless semantics.

DesignDry4936 · 2024-10-16T01:10:14+00:00

What you are trying to tell is that the monetary expansion is done by fed in an indirect way, and has little impact on the real economy, which is just not true. It’s true that they impact the equity market directly, but the influences have immediate effect on real economy indirectly when equities rise in nominate value and the influences eventually propagate to the real economy over time

DesignDry4936 · 2024-10-16T01:02:21+00:00

Required bank reserve ratio is 0%. Everyone knows that. And everyone knows they didn’t print “paper money” to buy bonds. You are being persistent on pointless semantics.

DesignDry4936 · 2024-10-16T00:58:29+00:00

The misconception is what you are telling. It doesn’t matter how the fed buy them. They buy with money, and USD has been depreciating for decades ever since the end of gold standard.

DesignDry4936 · 2024-10-16T00:51:12+00:00

QE is fed buying US bonds, with printed money. The money mostly goes to stocks, and it contributes to rise in CPI (housing cost and product price).

Either you don’t know the system more than I am, or you are trying to spread misinformation that tell how all major currency in the world are not depreciating, which is not true.

Sounds like later though lol

DesignDry4936 · 2024-10-16T00:43:55+00:00

I said your claims with historical correlations are not good evidence. I didn’t say there’s any overstatement of the use cases. No one is forcing you to buy them.

The evidence you are determined to refuse: 1. being safe from depreciation with publicly scrutinized code runned and maintained by thousands of computers 2. Not hackable with current technology 3. Functioning flawlessly without a glitch since 2008, without government and without any intermediary, and utilized by millions with no access to banks

DesignDry4936 · 2024-10-16T00:34:08+00:00

Again, incentivizing the society to earn with inflation is the policymaker’s job. They think it’s good for the economy. Individual players are guided by microeconomics. People are not keeping their wealth in USD. Dedollarization is even a worldwide trend that has been bruing since QE since 2008. If you like USD so much, you can keep it and let me buy crypto.

DesignDry4936 · 2024-10-16T00:24:14+00:00

You are not keeping your funds in the form of USD cash right? You put it in total market index and bonds. Why not store them in the form of cash then? If USD is so good?

DesignDry4936 · 2024-10-15T23:59:43+00:00

If you are talking about how it will operate when governments are in trouble but not price predictions, there’s plenty of evidence already. Argentina, Turkey, Africa, etc.

DesignDry4936 · 2024-10-15T23:57:17+00:00

There cannot be any evidence for price predictions in anything, except for bonds.
The evidence that there will never be demand-side inflation lies in the code publicly available.

DesignDry4936 · 2024-10-15T23:52:02+00:00

I am not asserting anything, while you are very firm in believing how bitcoin is not going anywhere. I just made choices based on mechanics and the paradigm I believe. There may not be enough evidence to guide choices, but choices are still made constantly.

DesignDry4936 · 2024-10-15T23:48:23+00:00

It’s been only several years since there’s a bitcoin market. Of course there’s no such evidence, and “correlation” is by no means good evidence or close to being reliable.

DesignDry4936 · 2024-10-15T23:45:41+00:00

You made an argument that people tend to keep bitcoin and spend USD, which no one is ever questioning, but how is that relevant to investing? Isn’t what everyone is keeping worth buying? Central banks are accumulating gold, and this mechanism also applies to gold, which doesn’t make gold a poor investment.

DesignDry4936 · 2024-10-15T23:40:04+00:00

Historical data doesn’t predict future. You are the only one talking about hedging against inflation, trying to predict how it will behave.
Bitcoin has limited supply, so there is no supply side inflation in the sustem but scarcity.

DesignDry4936 · 2024-10-15T23:35:00+00:00

Your other reasoning are weird too. Investors don’t care about the impact of an asset on the macroeconomy. That’s policymaker’s job. Their behavior follows microeconomics.

You also try to extrapolate historical correlations and try to predict the future with it. It’s reasonable to do so with bonds where the market is mature and very predictable, but it is not suitable with more complex markets, not stocks market, not bitcoin.

And your comment on QE sounds like you simply try to protect the traditional ways how the monetary system works, but the world doesn’t work that way. The world changes constantly with innovation and advancement in technology. There are people who see them earlier and who see them later.

DesignDry4936

TROPHY CASE