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RE: Keep Buying Ripple Noobs!!

in #bitcoin7 years ago

I watched this a while ago, but it seems I've missed a lot of information from just the first view, well I didn't pay much attention, or was it a different video from the same hosts, can't remember I think it was this one I just missed some, or I have more knowledge now, so did you link this before, or have I watched it somewhere else, because it's the same video for sure.

here is something worth seeing, probably doesn't affect you since you aren't in the US, buuut the video actually put something in perspective for me, if those laws were in place the mt.gox "thief" would have had to pay taxes on his potentially 100k bitcoins, :D not that that solves anything

https://busy.org/bitcoin/@fonsolo/how-newly-passed-tax-reform-hamstrings-us-cryptocurrency-or-an-eli5-w-examples-or

to quote the interesting piece for you

If someone invested in Bitcoin at $0.03/BTC and, at $17,000/BTC, the holder decides to exchange just one BTC for another cryptocurrency, he/she will recognize a gain of $16,999.97, of which is taxable.