Tuesday, January 3, 2017

Bitcoin, Cyptocurrency, Virtual Money and the IRS. . . What is in store for 2017?

I am obsessed with CryptoCurrency and the IRS interest in what people have made.
In 2013, I was introduced to Bitcoin, but I shook it off like a dummy for about a year, until 2015.But October of 2016 Bitcoin changed my life. I put a little bit more on Bitcoin on March 22, 2016 & it is like winning the lottery. I have become obsessed with all things Virtual money, games with crypotocurrency, mining and exchange trading. In the last week I have read, researched and attended online webinars averaging about 90 hours in 7 days. I am sleepy, lolol
Well bursting into the New Year Bitcoin smashed the $1,000 plus dollars a coin. If you bought bitcoin when it was like .50 each, then Kudos. ( Do you need a girlfriend?) lolol Just joking, (maybe)
WOW! 2017 will be a very interesting year, not only with Trump but taking note as to what the IRS will try to do with Bitcoin investors in the US, My investments with Virtual money, and the marijuana industry. I am stoked about it all. .
This article was written in 2014 about how the IRS would treat like capital gains. But now in 2016 they are trying to tax the money people are making from Bitcoin and trying to find out how to capitalize from it, after seeing the 2 year success.
Uncle Sam is a hot ass mess! https://www.bloomberg.com/news/articles/2014-03-25/bitcoin-is-property-not-currency-in-tax-system-irs-says

#Bitcoin #Cryptocurrency #Ripple #XRP #PeerCoin # Etherum #Coinbase #GamerHolic

The Unknown! CANNON