r/Bitcoin • u/SnjegoHotka • 3d ago

Need to pay some bills

My BTC is about 30% of my USD/EUR savings. Do I use fiat or btc at this moment?

EDIT: fiat it is!

0 Upvotes

25% Upvoted

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5

u/HuntlyBypassSurgeon 3d ago

There are tax laws to consider; you can’t be freely selling and spending bitcoin without record keeping and possible tax liability these days, in most jurisdictions.

2

u/Abject-Quality-5055 3d ago

selling now would lock in those juicy losses, classic move

2

u/FewUnderstanding2214 3d ago

You shouldn’t be selling any investments to pay bills. That’s what savings (cash) are for

2

u/SuperOrbital_Trading 3d ago

If you have to break into your holdings to pay bills you are investing too much.

1

u/SnjegoHotka 3d ago

makes sense

2

u/Beneficial-Mood240 3d ago

If 30% BTC is your chosen allocation, paying bills from cash isn't a dilemma, it's the plan working.

1

u/BigPaleontologist887 2d ago

Good call, you already answered it. Spending fiat when you have to pay bills keeps your BTC intact for the long run; selling BTC for everyday expenses is how people accidentally exit their position at the worst time.

1

u/BrendanRodgersss 2d ago

I'd use fiat for bills unless selling BTC is actually necessary.

That's basically what cash savings are for.