Bitcoin Forum

I wish I could hold my money longer  but I had to cash out. I invested when the coins where 120 dollars . Now I can start my dream job finally. I'm opening few webshops wich I will accept bitcoins! Thanks to bitcoin I can buy allot of stock to open my shops. This really made my dream come true.
Hope to buy allot of coins again when I earn from the shops :). good luck to ya all , may the coin rise to infinity. I had no choice .  :-*

It would be better to hedge instead of cashed out. Now you're on the paper train again.

Good luck!

fuck this shit i'm buying all again. It cant crash to 0. If it crashes to 250 I still can open stores. YOLO

LOL that was quick

http://www.youtube.com/watch?v=Z8g__x6ExM8
I trust in bitcoin.  :P
Now rise like my dick on testosterone.

lol I'm the same. I keep buying and selling buying and selling.

eindbass, I saw your OP and I was about to write a reply to salute you and wish you good luck.Now two posts later you say you buy back in again. That was a mistake brother, you had something concrete to start your dream with.

I stil can do it if it crashes to 200. I'm starting in +-2-3 mounths with those jobs. So more bubbles to come ;)

This is bitcoin :)

Im riding the bitcoin train for at least 5 more years before i cash anything out

only noobs use the term "cashing out"

LOL its not about cash, its about wealth.

Cashing out is a mistake.

I associate selling with capital gains taxes so i dont sell :)

I just cashed out for capital repairs of my home.

Yeah, no kidding.  Especially in the US, keep in mind that if you cash out a significant sum, remember that you really have 1/3 less. If you don't want any trouble, roughly 1/3 needs to go to the government.

yes, remember to pay your taxes!  we need to pay for all those friendly cops that keep us safe by fining us for not wearing seatbelts, and unmanned drones, bombs and corrupt politicians!

I ended up pulling a dba and writing off all my equipment as a business expense. but when I decide to cash out ill be able to write off all my equipment.

If you sell your bitcoins and buy them afterward, do you need to declare it for some kind of taxes? Or just when you sell and transfer it to your bank account?

Clarifications like this are coming. Who knows at this point. But in Germany if you hold for at least 1 year it's tax free. So that is a MAJOR incentive to a) be taxed in germany and b)hold for at least 1 year.

True, no reason to cashing out more dollars than you sent to exchange. Keep other coins and spend them slowly online  :)