Comment: Well

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In reply to comment: Yes, I'm holding onto them. (see in situ)


that's one route, but I advise some profit taking along the way too.

For example, if/when bitcoins reach $1K each (or maybe even $500 which isn't far away) then I'd sell maybe 10 for example. That's 5-10K you get which is guaranteed (a bird in the hand etc.).

Then you still have 40+ coins to hold. That's better managed risk IMO.

However, remember your capital gains taxes as your bitcoins are quite publicly known ;)

You can also exchange them for goods and services directly, which FinCEN has said is NOT subject to regulation.