<blockquote>
  <p>10 bitcoins are worth $60,000 dollars. How can this be?</p>
</blockquote>

<p>Indeed, the price has skyrocketed recently, each bitcoin is worth around $6092.00 USD as of writing this answer, it's not a glitch.</p>

<blockquote>
  <p>I am tempted to cash it out but feel this is illegal and the goverment is going to be on me.</p>
</blockquote>

<p>It's not illegal to sell or buy bitcoins in most countries, see: <a href="https://en.m.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory" rel="nofollow noreferrer">https://en.m.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory</a>
You should probably just ensure you pay tax on the income.</p>

CC BY-SA 3.0
2017-10-21T20:29:23.517Z
2017-10-21T20:29:23.517Z
meshcollider
<p>In 2014, my cousin told me about bitcoins. I thought they were pretty cool, so I went to coinbase and bought 10 at the time (I was 14 at the time). Then, my best friends grandparents passed away and I forgot about them ever since.</p>

<p>Now I am 17, and today I logged on and am shocked to see coinbase says my 10 bitcoins are worth $60,000 dollars. How can this be? I am tempted to cash it out but feel this is illegal and the goverment is going to be on me. Should I tell coinbase there is a bug in the system or something? Has anyone had a similar situation?</p>

<market>
Can I sell Bitcoin bought in 2014?
Callerap
# Can I sell Bitcoin bought in 2014?

(Asked by: username_0 on 2017-10-21)

In 2014, my cousin told me about bitcoins. I thought they were pretty cool, so I went to coinbase and bought 10 at the time (I was 14 at the time). Then, my best friends grandparents passed away and I forgot about them ever since.

Now I am 17, and today I logged on and am shocked to see coinbase says my 10 bitcoins are worth $60,000 dollars. How can this be? I am tempted to cash it out but feel this is illegal and the goverment is going to be on me. Should I tell coinbase there is a bug in the system or something? Has anyone had a similar situation?

**Tags:** market


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## 1 answers

### Answer by username_1 on 2017-10-21. Score: 3

> 10 bitcoins are worth $60,000 dollars. How can this be?

Indeed, the price has skyrocketed recently, each bitcoin is worth around $6092.00 USD as of writing this answer, it's not a glitch.

> I am tempted to cash it out but feel this is illegal and the goverment is going to be on me.

It's not illegal to sell or buy bitcoins in most countries, see: <https://en.m.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory>
You should probably just ensure you pay tax on the income.


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