Quote:
Originally Posted by Mutt
How hard is it to cash out big USD value amounts of any of these digital coins? And how much below market price would you get should you find buyer(s) for large numbers of coins?
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Not at all. I don't offer a premium for cashing them out in large batches; I don't care if a number of buyers or just one buyer do it. I do it via exchange, so it doesn't matter to me.
It also makes it very simple for me to file my taxes: short-term capital gains for quick trades, long-term capital gains for coins cashed out after a while, and regular income for proceeds from mining. Easy-peasy, that's what I did for 2013.