I bought in at 1000 , 750 , 650 , 450 , 350 , 270 , 350 , 420 , 350
Why are we still going down?
Is bitcoin failing?
It looks like he is right..
https://www.youtube.com/watch?v=GYJdOiLqSxE
Why are we still going down?
Is bitcoin failing?
It looks like he is right..
https://www.youtube.com/watch?v=GYJdOiLqSxE
Maybe cause it's a bubble?
An "asset" with no intrinsic value???
Best to sell now before it gets to zero.
What did it for me was, as a US citizen, having to report all conversions of BTC to the IRS. BTC -> USD, BTC -> gold, BTC -> dinner .. all require IRS disclosure. Basically, it makes Bitcoin irrelevant as a "currency" if you plan on following the rules. Well played, IRS, well played.
I dont think so. You are required to pay capital gains tax at the end of the year. Who said you need to report all conversions?
In the eyes of the IRS, the exchange of BTC for goods or services is a taxable event. Surprised more wasn't made of this when the IRS announced this early 2014.