Last I read you said you’d made more money buying bitcoins than you had doing anything else, and you still hadn’t sold any. Has that changed?
I have been periodically cashing out small quantities, since you’re right, I’m not comfortable having so much of my net worth in bitcoins. It’s not going very fast, though, since if I sell it all it’ll cause tax problems and I don’t understand taxation at all. (I’m not sure how much I can funnel through Coinbase before I trip various requirements.)
At least all the institutional interest seems to have tamped down on the volatility lately!
Do you have questions that are not answered here? My understanding is that you just pay capital gains. That’s what I did, and the IRS seemed to be happy with my tax return.
I have been periodically cashing out small quantities, since you’re right, I’m not comfortable having so much of my net worth in bitcoins. It’s not going very fast, though, since if I sell it all it’ll cause tax problems and I don’t understand taxation at all. (I’m not sure how much I can funnel through Coinbase before I trip various requirements.)
At least all the institutional interest seems to have tamped down on the volatility lately!
Do you have questions that are not answered here? My understanding is that you just pay capital gains. That’s what I did, and the IRS seemed to be happy with my tax return.