Guys, I am new here, and considering investing a nice chunk of my portfolio (10-20%) in bitcoin. I have several questions:
#1 How does the government treat BTC gains tax wise? Are there rules in effect? Are capital gains the same as a stock sale?
#2 Whats the best method to go about buying bitcoin in the US? Coinbase, or is there a cheaper marketmaker?
#3 Has anyone tried doing technical analysis on BTC prices, and if so has it worked?
There are some tax rules but I am not sure about the values. It shouldn't be considered a currency legally so asking your legal advisor might be better.
Coinbase is the largest and might be the most comfortable if you are located in the US. Bitstamp might also work but you need to do your own investigations.