Quote: (03-28-2013 01:26 AM)BurnFirst Wrote:
So if I bought ten grand worth of these when I first read this thread I could have doubled my money? How easy is it to covert back into USD? Would I have to pay taxes on this income?
yep, pretty much would have doubled. But it was and still is a risky investment.
So far bitcoins are taxfree in norway, dont know what the situation in the us is. maybe its the same as for forex trade. I really dont know.
On a big market like mtgox.com it should be pretty easy to buy and sell bitcoins.