Many say ₿itcoin will never be a ¢urrency. ₿itcoin is very useful for trading currencies internationally in real time, store of value, buying goods and many other things. Many say ₿itcoin is very risky but hey tell professional investors they should invest some small portion into their portfolio. Short term investors and people that don't understand the technology are the main ones It's never safe to invest in ₿itcoin. The IRS agreed to limit its request for customer records from accounts with transactions over $20,000. The IRS determines ¢ryptocurrencies to be property, like stocks or real estate, you'll need to pay taxes if you've realized a capital gains. It's legal to use ₿itcoin in the United States, and payments are subject to the same taxes and reporting requirements as any other ¢urrency. If you hodL virtual ¢urrency, but haven't sold it, then you don't have to report it on your taxes. When you sell or exchange ₿itcoin, you must report the gain or loss on your taxes. I find that part fucked up.
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From @dewayn