[GNC] Paying expenses with cryptocurrency

Peter West pbw at pbw.id.au
Thu Aug 26 01:29:00 EDT 2021


The recommended mode of dealing with crypto seems to be to record your crypto as a stock, and handle fluctuation in prices as you would for a stock. When you are investing crypto that makes sense. But what if you are using crypto for purchases? That is, if you are using cryptocurrency for the originally intended purpose?

Any ideas on how to record this?


—
Peter West
pbw at ehealth.id.au
“For you are like whitewashed tombs, which outwardly appear beautiful, but within are full of dead people's bones and all uncleanness.”



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