its cryptocurrency so you can start off with any amount... and why papertrade, you may aswell start with $100 bucks and trade that instead of papertrade, it will be more acurate.. then when you are comfortable, add the real capital..
I annot advise you about taxes, depending on where you live, your government may not even consider this currency, or they may consider this capital gains (which is taxed at a different rate) .. Maybe you only declare bitcoin you convert back into fiat.. youll have to research your area
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A small wad to start makes sense. Now that you bring that up it occurs to me that a small amount will allow me to manage my emotions during trades when I have something to lose.
I'm Canadian (I think you are too?) so I do know that the gov't changed the tax code and it is considered a currency. That's more of a long term thing — but I guess I should get my first $100 in the game. Thanks for all these vids! I never really thought about trading altcoins until I stumbled onto this and it makes me think I could do this too!
Hey, im glad your thinking of giving it a try.. I think in Canada you need to report any money you convert back to CAD.. so just make sure you report anything you send back to yourself.. And then I think you can claim it as capital gains, if they are considering BTC as currency..