Quote: (11-12-2017 02:55 AM)semibaron Wrote:
Many jurisdictions have ruled, that you enjoy no taxes or reduced taxes as long as you hold your crypto currency for at least 1 year.
I thought about it but it's just suicidal to hold onto any crypto for one year to cash out. Even BTC. It's even worse if you are holding a token that you have to trade into a cryptocurrency that can be cashed out. Let's say you hold IOTA for one year, you have to convert to ETH or BTC and wait for another year to cash out. Not practical and too unpredictable. It's not a viable at all.
It might work a lot better if you used crypto to buy stocks. From what I hear there is no taxes on doing this just not sure who accepts crypto for stocks. What you would do in theory is but New Zealand stocks with BTC, then wait a year and cash out your stocks for no tax.