[cactus2093]

Note that in the US this is completely wrong and bad advice. And I'd be very surprised if there were a lot of countries where it was substantially different, but I don't know for sure about every country.

It's not "just guesses at this point". The IRS has explicitly stated that cryptocurrencies are taxed as assets and subject to normal capital gains. This means they work like every other asset subject to capital gains. I can't transfer shares of stock to a car dealership, or pay with gold coins, to avoid paying capital gains or people would have been doing this forever. And similarly I can't do it with bitcoin. You definitely owe capital gains on the US dollar purchase value of the car minus your cost basis for the amount of bitcoin spent.

I have to say though, I am in awe in some way at the boldness of your claims. What must be going on in your head to take something that you have no idea about, and then just assume without looking into it even a little bit that nobody else could possibly have any idea about it either, and confidently declare that as fact?

[capableweb]

> I have to say though, I am in awe in some way at the boldness of your claims. What must be going on in your head to take something that you have no idea about, and then just assume without looking into it even a little bit that nobody else could possibly have any idea about it either, and confidently declare that as fact?

Let's remember the "Assume good faith" guideline and also remember that not everyone here is having a US-centric view on how things are. Seemingly you read about half of my comment but not the rest, as I never "confidently declare[d] that as fact".

[dogma1138]

Ok let’s play which country you are referring too? I know for a fact that in the UK, Netherlands, Israel and Switzerland it’s not the case.

I can’t think of a single country in the EU either in which you can trade any asset for another without a capital gains assessment.