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I slowly bought about 25 BTC since January. Honestly this is very exciting right now and I've basically been daytrading for the last few days. I'm no expert by any stretch of the imagination, but it's been enjoyable to set alerts for different price points then buy/sell as necessary. I like the liquidity and 0 government involvement/taxation - something I couldn't do with stock/options/CDs etc.



If you convert BTC to $$ or your local currency, expect a tax situation.


Local transactions from anonymous accounts. I'm not going to file anything.


Why would you want to do that when you can just pay for things directly?


Why would you want to do that when you can just pay for things directly?

That doesn't change the fact that in many places you'll still owe taxes, regardless if you don't cash out in a distinct step somewhere. At least as far as I understand things.


Where are you doing your trading?


Can you do this sort of thing in Coinbase?




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