So, how low will it go?

[bitcoinsrus]

Property tax on bitcoins lol

May be funny...but if you literally read what is says it is true:

Bitcoin Is Property, Not Currency, in Tax System: IRS

http://www.bloomberg.com/news/2014-03-25/bitcoin-is-property-not-currency-in-tax-system-irs-says.html

Once the US government starts to get involved into things, shit just gets all fucked up. This is why now I think bitcoin will be nothing but a small time hobby once all the corporate giants go down. The US government just ruins shit and only make decisions to fill their pockets. Not the citizens, but the greedy politicians who sit on the fat asses and "think" they are doing a good job. They are all delusional.

I found the U.S. tax treatment of bitcoin in 2013 to be a lifesaver.  Saved me a boatload of money.

care to elaborate?

[opentoe]

Property tax on bitcoins lol

May be funny...but if you literally read what is says it is true:

Bitcoin Is Property, Not Currency, in Tax System: IRS

http://www.bloomberg.com/news/2014-03-25/bitcoin-is-property-not-currency-in-tax-system-irs-says.html

Once the US government starts to get involved into things, shit just gets all fucked up. This is why now I think bitcoin will be nothing but a small time hobby once all the corporate giants go down. The US government just ruins shit and only make decisions to fill their pockets. Not the citizens, but the greedy politicians who sit on the fat asses and "think" they are doing a good job. They are all delusional.

I found the U.S. tax treatment of bitcoin in 2013 to be a lifesaver.  Saved me a boatload of money.

care to elaborate?

There was no tax treatment for bitcoin in 2013, so that's why he/she made a boatload of money. Now that bitcoin is considered "property", which tax rates are extremely high it will affect a lot of people. I know a lot of people won't even report the income, because they just don't want to pay the tax but ramifications are extreme once the IRS finds out you have been with holding information like that.

[jdun]

$200? $100? Back into double digits? I'd like to see it drop down to double digits for a while to weed out these large companies are pretty much useless.

not lower than $300-ish, sorry.

I have to agree with this