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Title: what would you chose? Post by: leen93 on November 25, 2014, 11:53:53 AM What would you chose if you could get 100 bitcoins in 1 year or 50.000 $ in 1 year?
Title: Re: what would you chose? Post by: Gronthaing on November 25, 2014, 12:03:28 PM What would you chose if you could get 100 bitcoins in 1 year or 50.000 $ in 1 year? Not considering any possible regulations or other unforeseen events until then, you're basically asking if a year from now each bitcoin will be worth more than $500. I'd say they will be, considering the trend so far, so I'd take the 100 bitcoins in a year. Title: Re: what would you chose? Post by: MellowD on November 25, 2014, 12:08:45 PM I would chose the Bitcoins, too.
Title: Re: what would you chose? Post by: BiTJack on November 25, 2014, 12:17:09 PM Can't i pick a portion of both?? if not 100 bitcoins for sure.
Title: Re: what would you chose? Post by: podyx on November 25, 2014, 12:25:25 PM 100million bits obviously..
XBT only needs to be worth $500 to be worth more Title: Re: what would you chose? Post by: 1Referee on November 25, 2014, 01:06:03 PM It depends for me, if it is for fun, I'll take 100XBT hoping it will gain value.
If it is for salary, then at this point I'll definitely go for $50,000. There are bills to pay, mortgage, insurance, etc... Title: Re: what would you chose? Post by: azguard on November 26, 2014, 11:35:41 AM More like to be hypothetical question.
For sure i would take100BTC with no question asked, but if we are somewhere where money is better then crypto i would take 50K. Title: Re: what would you chose? Post by: bajlox on November 26, 2014, 11:37:13 AM I will take 100BTC.
Some amount i would invest some cash out maybe and some will get in loans with small interest off course. Title: Re: what would you chose? Post by: dinofelis on November 26, 2014, 12:25:55 PM It depends for me, if it is for fun, I'll take 100XBT hoping it will gain value. If it is for salary, then at this point I'll definitely go for $50,000. There are bills to pay, mortgage, insurance, etc... 2. Title: Re: what would you chose? Post by: redhawk979 on November 27, 2014, 02:23:24 AM It depends for me, if it is for fun, I'll take 100XBT hoping it will gain value. If it is for salary, then at this point I'll definitely go for $50,000. There are bills to pay, mortgage, insurance, etc... 2. If it's for salary, that $50,000 you get will be taxed at roughly 65%, so you actually end up with $32,500. If you take 100 bitcoins you won't pay tax until you convert to fiat. So even at the depressed current rate, 100 bitcoins would be worth $37,000. Not to mention the potential upside when we get out of this rut. With current laws, the only tax you pay on bitcoin is on your gains, as an investment, similar to capital gains. So if you kept for 1 year and didn't exchange for fiat, you would only pay 15% tax on your gain. It's pretty fuzzy, but in the end you would end up with a whole lot more if you took the bitcoins. I guess it depends what country you reside in. What I stated is based on the United States (because OP phrased question in $, which I assumed to be USD). But if it's a country that has banned bitcoin use or criminalized it, then I would definitely take bitcoin, because in such country, the inflation of fiat would likely be so great that you would be losing a lot more going with the 50,000. Where do you live that the tax rate is 65% on a person making $50,000? Title: Re: what would you chose? Post by: BentleyBirch on November 27, 2014, 06:35:47 AM 50.000 $ = 50,000 $ ???
certainly i would 100 BTC, the price just toch $ 500 i profits without problem Title: Re: what would you chose? Post by: Febo on November 28, 2014, 03:05:59 PM For sure bitcoins
Title: Re: what would you chose? Post by: 3x2 on November 28, 2014, 03:34:33 PM 100Bitcoins.
Title: Re: what would you chose? Post by: magicmexican on November 28, 2014, 09:37:59 PM Would take either and convert them to Ripples i guess.
Title: Re: what would you chose? Post by: catena5260 on November 28, 2014, 10:50:18 PM I doubt we will going to see more than 5k/coin in one year, so I pick the money
Title: Re: what would you chose? Post by: azguard on November 29, 2014, 09:40:03 PM we can take half 50 btc and 25K this is best solution for this problem.
any1 share my opinion. Title: Re: what would you chose? Post by: bajlox on November 29, 2014, 09:41:50 PM Dunno only think that i will be pleased to have 100 BTC and 50K in one bunch.
This would be cool. Kidding. Still 100 BTC in this is good price will go up eventually so better option is btc instead of cash. Title: Re: what would you chose? Post by: poncom on November 29, 2014, 09:46:39 PM It depends for me, if it is for fun, I'll take 100XBT hoping it will gain value. If it is for salary, then at this point I'll definitely go for $50,000. There are bills to pay, mortgage, insurance, etc... 2. If it's for salary, that $50,000 you get will be taxed at roughly 65%, so you actually end up with $32,500. If you take 100 bitcoins you won't pay tax until you convert to fiat. So even at the depressed current rate, 100 bitcoins would be worth $37,000. Not to mention the potential upside when we get out of this rut. With current laws, the only tax you pay on bitcoin is on your gains, as an investment, similar to capital gains. So if you kept for 1 year and didn't exchange for fiat, you would only pay 15% tax on your gain. It's pretty fuzzy, but in the end you would end up with a whole lot more if you took the bitcoins. I guess it depends what country you reside in. What I stated is based on the United States (because OP phrased question in $, which I assumed to be USD). But if it's a country that has banned bitcoin use or criminalized it, then I would definitely take bitcoin, because in such country, the inflation of fiat would likely be so great that you would be losing a lot more going with the 50,000. I suppose the logical choice depends on the tax rules of the country you live in. I heard some charge a level of capital gains tax on bitcoins that's way above their income tax level. |