Quote:
Originally Posted by OneHungLo
Excuse my ignorance - I was under the impression you could purchase bitcoins anonymously and from my understanding probably wouldn't be looked upon too favorably by the US government. And I could see the IRS fucking with people that are involved with them given the history of the IRS.
Although I'm not an investor, I'm not knocking them, so no need to get flip.
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Sorry for my tone - you can be sneaky and buy or sell BTC anonymously, although it's not easy to turn large amounts of BTC to cash anonymously.
Your typical investor uses exchanges which are regulated and monitored the same as other financial instruments. As for red flags when you disclose profits to the IRS - I doubt it.