Quote:
Originally Posted by Raekwon
I got out of BTCC-B.TO because it didn't seem to be in line with the price changes of bitcoin. It seemed to have panic drops and take too long to recover even when Bitcoin went back up to all time highs. Also I thought what is the point of a bitcoin ETF? you are investing in a money replacement with money to get back money you never hold actual bitcoin, if you want to invest in bitcoin just but bitcoin and then the value is always equal and you have the option to keep it digital or convert to fiat.
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Take our resident crypto mogul Dino for example.
His 700K increase would be tax free inside a TFSA.
If he sold his bitcoin today as is, he's paying capital gains on $350,000. So likely a $150,000 - $175,000 difference in his actual profit (correct me if I'm wrong accountants).