Well say you are trading btc for lisk.  Let say you bought 5k worth of lisk with your 5k btc.  You then sold the lisk for 1k worth of profit.  The profit is 1k worth of btc at that moment.  You keep the btc in your wallet.  You do not cash it out in fiat.


Is there a tax or not?  I read online that accountants seem to say yes that counts since you made profit.  Others say there isn't unless you convert it into btc.  


So what is the answer here?  The other thing is ... so the profit would be the btc amount made at that time?  So you made 1k profit worth of btc at the price of sale.  However, that 1k profit in btc could be 800 or 1100 later on etc.  So it gets recorded at that point of sale?  This doesn't make sense because if you only made that 1k profit, then when you report it on taxes, say that 1k profit worth of btc that day is now only worth 850... then how are you even recording 1000 when that btc price is now 850?