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Author Topic: If people strike big with Bitcoin?  (Read 670 times)
inoob (OP)
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February 25, 2014, 05:30:43 AM
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If people are waiting for their Bitcoins to reach $2,000-$100,000 before they sell, won't they be considered a money exchange at such high profits, and liable to certain regulations?
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February 25, 2014, 05:34:46 AM
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No.
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February 25, 2014, 05:49:31 AM
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Only a gnarly capital gains tax liability
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February 25, 2014, 05:51:03 AM
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No problem for me I'm not in the US.
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February 25, 2014, 05:51:57 AM
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that would be like you bought a share of Berkshire Hathaway 20 years ago and now need to register as a bank to sell it. NO dude.

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February 25, 2014, 05:57:03 AM
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Thank you guys for your responses. Even if they come with sarcasm. Smiley I'm just doing my research as a noob before I buy in.
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