Are you going to pay taxes on your Bitcoin profits?
Suppose you make a million dollars. Suppose you have already made a million dollars. Are you going to hand half of that cash over to the government? Of course, this is assuming you convert your coins into federally recognized cash. If your only intention is to amass a huge supply of Bitcoins, the question does not apply to you.
You're supposed to pay income taxes. It seems rather easy to get away with not doing it, though... at least in this case.
Definitely yes, but i hope this will comes as a yearly computation and not just our profit to be calculated, because as we all know that there's no 100% win on this and sometimes we lose some of our assets. why it needs to be a yearly taxation? We are not all day traders and we work on campaigns for months, after that we hold for the token as we seek for the best value out of it.