Since I speak so often about the positive aspects of using cryptocurrencies, I thought I'd touch on one of the negatives today - taxes.
The volatility of cryptocurrency prices can potentially lead you into trouble with paying income tax on cryptcurrencies that you've earned if prices crash afterwards.
If you can't pay your taxes directly in cryptocurrencies, then it's essential to make sure you have some fiat cash saved to ensure that you can pay whatever income taxes you're liable for.
DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.
