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Author Topic: Buying a bar with bitcoin  (Read 201 times)
NorrisK
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January 26, 2018, 07:11:39 AM
 #21

Thinking about purchasing a small bar for about 150-200k. I have more bitcoin on hand than cash. Should I use the small amount amount of cash I have or sell bitcoin to purchase? I know I am probably better off doing nothing, especially if its crypto appreciation vs buying a bar but I'm getting old, its something I wanna do and its also good diversification. Any feedback, tax tips greatly appreciated. Thanks

It's not very likely that a bar will make you a lot of money (you can see bar rescue show to see what kind of problems people run into).

If it is what you dream of doing though, it is probably worth it anyway.

I wouldn't use full bitcoin for it, but using half your stash may be a good compromise.
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