Do I need to pay taxes if I sit on (do not use) bitcoins?

Do I need to pay taxes if I sit on (do not use) bitcoins?

I've done some reading on the IRS bitcoin guidelines and I'm a bit confused how the capital gains taxes works. If I buy some bitcoins in Jan, the value of the bitcoins double by the of the year but I still keep them, do I need to pay a tax on those? Or do I only need to pay tax if I buy something with them/convert them to fiat?

I'm in the USA by the way.

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