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Despite it not being legal tender in most parts of the world, bitcoin is very popular and has triggered the launch of hundreds of other cryptocurrencies, collectively referred to as altcoins. Every , blocks that are how to make money baking cakes from home mined , or about every four years, the reward given to miners for processing Bitcoin transactions is reduced in half. Pros A large number of cryptocurrency pairs Strong security Privacy. As a result, crypto taxes are no different than the taxes you pay on any other gain realized on the sale or exchange of a capital asset. Risk-taking:
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