Majk3l

What qualifies as income from cryptocurrency trading? Tax liability arises when virtual currency is exchanged for legal tender (e.g. EUR, PLN), goods, services, or property rights, as well as when other liabilities are settled with virtual currency. What does not constitute tax liability? Crypto-crypto exchange. I received this information by email from a Polish exchange.

Everyone Talks About Buying $BTC


in 2009, But No One Actually Would
—Here’s Why.
Bitcoin’s meteoric rise from a virtually worthless digital experiment in 2009 to a global financial phenomenon is the stuff of legends. People love to daydream about how rich they’d be if they had invested just a few dollars back then. But here’s the truth: most people wouldn’t have bought Bitcoin in 2009, and even fewer would have held onto it. Here’s why:
1. Lack of Awareness
In 2009, Bitcoin was an obscure concept known only to a handful of tech enthusiasts and cryptography experts. The idea of decentralized digital money was unfamiliar, and mainstream media wasn’t covering it. Without awareness, it’s hard to imagine anyone stumbling across Bitcoin, let alone buying it.
2. Skepticism About Technology
The concept of blockchain was revolutionary but also highly complex. Most people would have been skeptical about its legitimacy and viability. Trusting an unproven technology with their money would have seemed too risky.
3. No Established Value
Bitcoin had no monetary value in its early days—it was essentially worthless. Mining Bitcoin required time, resources, and technical expertise, with no guarantee it would ever be worth anything. Why would anyone spend their hard-earned money or effort on something so speculative?
4. The Challenge of Buying Bitcoin
Even if someone wanted to buy Bitcoin, it wasn’t as simple as it is today. In 2009, there were no exchanges, wallets, or user-friendly apps. Transactions involved direct peer-to-peer exchanges or mining, both of which required advanced technical knowledge.
5. The Human Element: Fear and Impatience
Let’s say someone did buy Bitcoin in 2009. Would they have held onto it as it went through years of volatility, including major crashes? The odds are slim. Most people would have sold at the first significant price increase, long before Bitcoin reached its current value.
Hindsight Is 20/20
The allure of Bitcoin’s “what if” scenario is undeniable, but it’s important to remember that investing in groundbreaking innovations often feels risky and uncertain at the time. People tend to romanticize past opportunities without considering the challenges and skepticism of those moments.
Takeaway
Rather than dwelling on missed chances, focus on recognizing current opportunities. The next “Bitcoin” may already be in the making, but it will likely appear just as unconventional and risky as Bitcoin did in 2009. The key is to research, stay informed, and invest wisely—without getting lost in hindsight fantasies.

Even if you had managed to buy Bitcoin, the volatility and massive price crashes over the years would have likely caused you to sell before it reached its current value. Most people would’ve been tempted to cash out during Bitcoin’s early price surges or would’ve doubted its longevity during the many market crashes.
#BitcoinHistory #satoshiNakamoto