A useful mental model for bitcoin isn't to think of it as "buying Bitcoin" - but to "convert money"
Suppose you did some job and client pays you in Japanese yen. Do you wait for the perfect time, draw lines, listen to podcasts before you "buy" usd with it? No, you just convert the yen to your money of choice.
Choose bitcoin
Replies (5)
Who would've though, FX!
Yes! Converting a currency!
People should be more worried about conversion rate and being able to hold for 1 cycle than btc price.
Swapping out that fake money for real money 👌🏻🎯
That's always how I've thought of it, as I grew up before the Euro and was used to having multiple European currencies in the same wallet or coin purse.
The problem is that most countries treat it like an asset that is bought, instead of a currency that has been traded, for tax purposes.
