And let’s be clear, over 95% of my portfolio is hodl. This is just fun. It is a challenge to myself to see if I can beat buy and hold ROI over an extended period. And I have no confidence in my ability to actually pull it off.
I've often thought about playing with some "house money" daytarding, but then the whole short-term tax bullshit starts coming into play with the IRS, and after exchange fees and whatnot, I've just told myself to "Shut Up and HODL. It's not worth the aggravation." (Any BTC that I'm selling off right now is taxed as long-term gains.)
And I must admit, part of me is a bit jealous that you have the time to daytard "for fun".
If it wasn't for my retirement plans that I've set in motion, I might be convinced to play with 10 BTC 'fo shiggles, on some exchanges, but that shit be too stressful, yo.
Full disclosure: I'm strongly considering doing the whole arbitrage thing with running a well-funded LN node when the time comes.
I know this does not work but a different way of looking at it
bitcoin is not an investment, income, commodity etc etc etc
it is my money, to me it is worth $1000000 each
as shops or countries do not take my money i have to exchange it into their foreign fiat currency
i then have to sell lower then what i believe my money is worth
in retrospect I am losing out
example
if I went to the US from Canada 5 years ago with 100,000 dollars and it was 1 to 1 dollar on the exchange i get the same amount
when i return to Canada 5 years later with the same 1000,000 dollars and the rate has dropped to 70 cents to one us dollar
am i taxed for increasing my money
