Quote from: drnick on November 09, 2013, 05:14:05 PM

Quote from: superduh on November 09, 2013, 04:50:00 PM

each country has their own laws

Sure, but unless you live in a tax free country (or a country that doesn't impose tax on bitcoin gains), or you don't plan on reporting, then how to weigh the tax implications?

I just wanted to run over a simple case study with simple numbers. I don't plan on making many trades a year, maybe a couple of big sells and the rest as small periodic buys.

I'm weighing in on whether or not it's worth trying to sell before a big correction, but my understanding, it would have to be a big correction for it to be worth trying to pin point it.

each country decides how to tax differently. FIFO, LIFO, Weighted Average, Capital Gains, buyback periods, exemptions, long term holding, short term holding, currency appreciation laws, currency appreciation exemptions, etc. it's more complicated that you may think and i recommend you talk to a professional in your respective country.