exempt bitcoin transaction from tax obligations if the associated capital gains are $200 or less.
That's interesting. Worrying about paying taxes on every single little transaction is a big annoyance with crypto in general. There are times that I've wanted to make small trades to increase my holdings but never bothered because of the tax implications.
🤔 Maybe that's a good thing for me though, anytime I ever tried to trade I always lost money in the end hahahaha
Yes, tax confusion doesn't help with trading. You are right though for some of us it is probably best to be hodlers.