Title: ssi Post by: Hedda Gabler on August 14, 2018, 01:54:31 PM Question with ssi in terms of bitcoin.
I am trying to get ssi for my disability. But I have some storage of various coins, bitcoin, ethereum, litecoin, etc. I am wondering, do I sell all my coins, in order to be poor enough to get ssi? Or its not needed to sell? Because even though I am not making money on coins now (and only losing money on the coin) I'd hate to miss being a millionaire, 2 years in the future, but I lost out because I sold all my coins. But right now, my coins are giving literally no income, thus I need ssi. Title: Re: ssi Post by: Theb on August 14, 2018, 02:08:02 PM Question with ssi in terms of bitcoin. You don't get any poorer if you just sell your cryptocurrencies in its current market value as your net worth will still be the same, the only difference is now your owning a more stable asset which will reflect in your list of assets. But in your case, I don't think you need to sell at all or give up any real property because if you are a REAL disabled person who has limited income/resources (which you are based on your post) you can still apply for an SSI and might be eligible to it. But if you want to make increase your chances you can speak to a Public Attorney about the application of your benefits. I am trying to get ssi for my disability. But I have some storage of various coins, bitcoin, ethereum, litecoin, etc. I am wondering, do I sell all my coins, in order to be poor enough to get ssi? Or its not needed to sell? Because even though I am not making money on coins now (and only losing money on the coin) I'd hate to miss being a millionaire, 2 years in the future, but I lost out because I sold all my coins. But right now, my coins are giving literally no income, thus I need ssi. Title: Re: ssi Post by: Hedda Gabler on August 14, 2018, 02:12:24 PM Question with ssi in terms of bitcoin. You don't get any poorer if you just sell your cryptocurrencies in its current market value as your net worth will still be the same, the only difference is now your owning a more stable asset which will reflect in your list of assets. But in your case, I don't think you need to sell at all or give up any real property because if you are a REAL disabled person who has limited income/resources (which you are based on your post) you can still apply for an SSI and might be eligible to it. But if you want to make increase your chances you can speak to a Public Attorney about the application of your benefits. I am trying to get ssi for my disability. But I have some storage of various coins, bitcoin, ethereum, litecoin, etc. I am wondering, do I sell all my coins, in order to be poor enough to get ssi? Or its not needed to sell? Because even though I am not making money on coins now (and only losing money on the coin) I'd hate to miss being a millionaire, 2 years in the future, but I lost out because I sold all my coins. But right now, my coins are giving literally no income, thus I need ssi. 2018 has been a relentless assault against crypto and a terrible year, it will be forever remembered as the year of the crypto crash. So if I withdraw now, I will be poorer than last year. But if I hold I may be a millionaire in some years. If I speak to a Public Attorney will they keep my information confidential or tell the world I have a couple of cryptocoins? Title: Re: ssi Post by: Theb on August 14, 2018, 02:22:43 PM I have lost most of my money due to cryptocurrency, due to 1. CoinsMarkets theives, 2. Negative news 3. South Korea and China 4. Ignorant and negative news 5. Trolls on chatrooms giving bad investment advice 6. Laziness, not checking my funds daily. 7. Ignorant people negging and giving negative news about solid coin makers 8. Greedy coin makers screwing me over. 9. Warren Buffet. 10. Trump wanting to tax bitcoin holders. 2018 has been a relentless assault against crypto and a terrible year, it will be forever remembered as the year of the crypto crash. So if I withdraw now, I will be poorer than last year. But if I hold I may be a millionaire in some years. If I speak to a Public Attorney will they keep my information confidential or tell the world I have a couple of cryptocoins? Public Attorney or not any lawyers who have clients are bound to keep their information between them because they must practice Attorney-Client Privilege, even if the attorney is finished helping you they are still not allowed to disclose information to other people without your permission. To tell your the truth a lawyer will help you more in this case as I don't know the specific minimum numbers if you are eligible or not for the benefit. Title: Re: ssi Post by: Hedda Gabler on August 14, 2018, 02:50:36 PM I have lost most of my money due to cryptocurrency, due to 1. CoinsMarkets theives, 2. Negative news 3. South Korea and China 4. Ignorant and negative news 5. Trolls on chatrooms giving bad investment advice 6. Laziness, not checking my funds daily. 7. Ignorant people negging and giving negative news about solid coin makers 8. Greedy coin makers screwing me over. 9. Warren Buffet. 10. Trump wanting to tax bitcoin holders. 2018 has been a relentless assault against crypto and a terrible year, it will be forever remembered as the year of the crypto crash. So if I withdraw now, I will be poorer than last year. But if I hold I may be a millionaire in some years. If I speak to a Public Attorney will they keep my information confidential or tell the world I have a couple of cryptocoins? Public Attorney or not any lawyers who have clients are bound to keep their information between them because they must practice Attorney-Client Privilege, even if the attorney is finished helping you they are still not allowed to disclose information to other people without your permission. To tell your the truth a lawyer will help you more in this case as I don't know the specific minimum numbers if you are eligible or not for the benefit. The verbiage on that is also confusing. It says if I have extra income, as long as I spend it on vital things, such as food, a car, or business expenses or education, it doesn't count as income. Yet, it says if I have a job, I must report all my wages at the end of the month, as income, so they can reduce my ssi. So if it is not income if I spend it on stuff, why does it reduce my income. Doesn't make sense. Title: Re: ssi Post by: squatter on August 14, 2018, 05:05:27 PM Question with ssi in terms of bitcoin. I am trying to get ssi for my disability. But I have some storage of various coins, bitcoin, ethereum, litecoin, etc. I am wondering, do I sell all my coins, in order to be poor enough to get ssi? Or its not needed to sell? Because even though I am not making money on coins now (and only losing money on the coin) I'd hate to miss being a millionaire, 2 years in the future, but I lost out because I sold all my coins. But right now, my coins are giving literally no income, thus I need ssi. I have a close friend on SSI. Over the years, she's had a couple large inflows of cash. During those times when she had assets, she was no longer eligible to receive benefits. She had to dispose of them, or lose the benefits: Quote SSI Asset Limit A resource is money as well as something that you own and can turn into cash. Examples of resources are property, stocks, bonds, and bank accounts. Supplemental Security Income (SSI) is a needs-based program. To get SSI, your countable resources must not be worth more than $2,000 for an individual or $3,000 for a couple. We call this the resource limit. Countable resources are the things you own that count toward the resource limit. SSI Spotlight on Resources - Social Security https://www.ssa.gov/ssi/spotlights/spot-resources.htm Now, whether the SSA would ever be able to figure out you own cryptocurrency without you telling them -- that's another story... Title: Re: ssi Post by: Lucius on August 17, 2018, 09:21:12 AM Hedda Gabler , is there any way that anyone can find out that you own a cryptocurrency, do you use bank accounts/exchanges to buy/sell coins?
Even if you do that, I think that it is hard for anyone to prove you own any crypto, you can always say it is stolen, hacked or your hard drive is burnt. So you should not be too worried for that matter. Regarding you temporary job and payments on PayPal, it is clear that if you spend that money on permissible things that you stated, this should not be affected on your status when asking Supplemental Security Income. You should not mention any cryptocurrency to anyone, and you should go for SSI if you really need it. Title: Re: ssi Post by: Gozie51 on August 18, 2018, 12:54:03 PM Question with ssi in terms of bitcoin. I am wondering, do I sell all my coins, in order to be poor enough to get ssi? This idea got me laughing but you don't need to sell off your coins when you think it's not the time to do that, I am also thinking that "your sin might find you out" one way or the other by the time you are making that application as a presumed poor guy ;D You could be looking dashing and all cleaned up with some good suite on you and smashing outfits ::) Question with ssi in terms of bitcoin. I have lost most of my money due to cryptocurrency, due to 1. CoinsMarkets theives, 2. Negative news 3. South Korea and China 4. Ignorant and negative news 5. Trolls on chatrooms giving bad investment advice 6. Laziness, not checking my funds daily. 7. Ignorant people negging and giving negative news about solid coin makers 8. Greedy coin makers screwing me over. 9. Warren Buffet. 10. Trump wanting to tax bitcoin holders. In all, I do not see hacking as your fault but I see every other issue of why you must have sold your coin at an unreasonable price as your doing, either because you are not experienced enough then. So, you can learn from your mistakes now. You want to make money in cryptocurrency or any other business for that matter - the simple logic is, you buy cheap and sell higher. So if I withdraw now, I will be poorer than last year. But if I hold I may be a millionaire in some years. Being patient and hodling is better. If I speak to a Public Attorney will they keep my information confidential or tell the world I have a couple of cryptocoins? Overtly in legal field or any other professional field (where there is principal/client relationship), a lawyer is obligated not to disclose a confided information of the client but most times, it is usually the information that could be used against the client if heard , maybe if the act or omission was actually perpetrated by the client : for instance, stealing etc. However, in your own case, it bothers on the fact in issue. At the time of adjudication maybe in the court or arbitration panel, evidences might be needed. So the information may be exposed not necessarily by your counsel. Title: Re: ssi Post by: Hedda Gabler on August 23, 2018, 01:55:05 AM This idea got me laughing but you don't need to sell off your coins when you think it's not the time to do that, I am also thinking that "your sin might find you out" one way or the other by the time you are making that application as a presumed poor guy ;D You could be looking dashing and all cleaned up with some good suite on you and smashing outfits ::) In all, I do not see hacking as your fault but I see every other issue of why you must have sold your coin at an unreasonable price as your doing, either because you are not experienced enough then. So, you can learn from your mistakes now. You want to make money in cryptocurrency or any other business for that matter - the simple logic is, you buy cheap and sell higher. Quote Overtly in legal field or any other professional field (where there is principal/client relationship), a lawyer is obligated not to disclose a confided information of the client but most times, it is usually the information that could be used against the client if heard , maybe if the act or omission was actually perpetrated by the client : for instance, stealing etc. However, in your own case, it bothers on the fact in issue. At the time of adjudication maybe in the court or arbitration panel, evidences might be needed. So the information may be exposed not necessarily by your counsel. |