Quote:
Originally Posted by eddymitchel
- https://www.forbes.com/sites/niallmc.../#4ffc14fb4b01
- pretending that people trading cryptos and stock dont have a hard time properly reporting taxes seems fairly innacurate aswell
- obiously people targeted are not people already trading for 20 years, a ton of young people started investing in crypto only and those people are the target of that kind of app.
- micro investing is obviously not targeting old wealthy people either. It s like saying playing online poker for pennies is useless
So what % of those 1.7B people that don't have a checking account do:
-have access to a computer
-have over (random small dollar amount) $100
-don't need that $100 to eat/live for the next 3 months
-are willing to risk that $100 in an investment that can go down
I can't imagine investing in stocks via crypto is simpler from a tax standpoint than from USD (for an American), but maybe I'm missing something. I have never had a tax issue when investing in stocks, options, bonds, mutual funds, etfs or anything else I've tried - maybe that is unique I don't know.
BTC isn't going to become a worldwide currency (or even take a reasonable amount of market share from fiat) by a bunch of the poor people in china and Africa (the 2 places most recently mentioned ITT) starting to use it.
I'm not trying to be super critical, but people celebrate the smallest wins for BTC as if each win will change the future of BTC... "hey, did you hear that the 2nd largest distributor of hacky sacks is now accepting BTC? WE GOIN 2 da MOON!"
Last edited by bahbahmickey; 03-20-2019 at 11:13 AM.