Living only using BitCoins and cryptocurrencies. I need help!

[Elwar]

Elwar, so how would you go about trying to find a guy that will buy BTC from you in real life in exchange for cash to bypass all the credentials bullshit, while also bypassing localbitcoins? Ideally you should bypass localbitcoins as well (a lot of times they ask for credentials), but I guess its hard to find people this way.
If you lived in any of the major US or EUR cities, how would you go about this?

he does not need that, if i understood correctly he pay almost everything with bitcoin recieved directly from his job(he use a service to recieve bitcoin directly form his job if i remember correctly) so there is no need to dump ever

every problem is solved, he then proceeds to pay taxes regularly based on the income in bitcoin, but i don't know exactly how it work in the case bitcoin skyrocket before the end of the fiscal/financial year...

Actually I do need to sell some for cash because I cannot pay for things like food and rent and other local stuff with bitcoins (though I am about 90% of the way in convincing my landlord to take bitcoins, but I usually have a lot of extra cash).

You can download Mycelium which allows you to advertise locally but I tried and only ever had one person contact me. You can also get on sites like craigslist and bookoo and let people know you have bitcoins for sale. In Berlin if there is a meetup you might meet people there that want bitcoins.

Fortunately for me, when localbitcoins blocked Germany they did not get rid of all of the ads. So VPNs and tor and other connections to localbitcoins can find the ads. Though it created the affect of locking everyone in since you can't add or edit ads in Germany. I am now experiencing first hand how government intervention stifles competition and keeps prices high. My 10% rate is locked in and in one area I have no competition. In another area I only have one competitor who just happened to be 1% lower than me before the lockdown, so he gets most of the business in that area. Now that I have the debit card I had considered stopping localbitcoins sales because I want to get rid of my banks but getting 10% on sales brings in some decent spending money every month so it's hard to justify it. Had they not blocked Germany there would probably be more competition by now and the rate would not be worth my time. Plus I don't want to turn anyone away that wants bitcoins.


Edit: Just found this localbitcoins alternative in Germany. http://bitcoin-treff.de/

[coinpr0n]

Elwar, so how would you go about trying to find a guy that will buy BTC from you in real life in exchange for cash to bypass all the credentials bullshit, while also bypassing localbitcoins? Ideally you should bypass localbitcoins as well (a lot of times they ask for credentials), but I guess its hard to find people this way.
If you lived in any of the major US or EUR cities, how would you go about this?

he does not need that, if i understood correctly he pay almost everything with bitcoin recieved directly from his job(he use a service to recieve bitcoin directly form his job if i remember correctly) so there is no need to dump ever

every problem is solved, he then proceeds to pay taxes regularly based on the income in bitcoin, but i don't know exactly how it work in the case bitcoin skyrocket before the end of the fiscal/financial year...

If I understand correctly you would pay taxes based on the difference of price between the time you buy and the time you sell the bitcoin. So if I get 1btc for $200, and spend it when it is worth $1200, I would pay taxes on the $1000 profit I made from the bitcoin. If I don't spend the bitcoin, then I don't pay taxes on it, and if you spend the bitcoin when it is around the same price as it was when you purchased it (as is the case in spending a paycheck), there would be meager tax differences. You just need to figure out what that difference is.

This has me worried / I need to research it more. From what I've heard - in my country - if I'm getting paid in bitcoin I need to pay 45% on it as it is a non-standard currency. Sort of defeats the purpose of getting my paycheck in BTC.

[turvarya]

Elwar, so how would you go about trying to find a guy that will buy BTC from you in real life in exchange for cash to bypass all the credentials bullshit, while also bypassing localbitcoins? Ideally you should bypass localbitcoins as well (a lot of times they ask for credentials), but I guess its hard to find people this way.
If you lived in any of the major US or EUR cities, how would you go about this?

he does not need that, if i understood correctly he pay almost everything with bitcoin recieved directly from his job(he use a service to recieve bitcoin directly form his job if i remember correctly) so there is no need to dump ever

every problem is solved, he then proceeds to pay taxes regularly based on the income in bitcoin, but i don't know exactly how it work in the case bitcoin skyrocket before the end of the fiscal/financial year...

If I understand correctly you would pay taxes based on the difference of price between the time you buy and the time you sell the bitcoin. So if I get 1btc for $200, and spend it when it is worth $1200, I would pay taxes on the $1000 profit I made from the bitcoin. If I don't spend the bitcoin, then I don't pay taxes on it, and if you spend the bitcoin when it is around the same price as it was when you purchased it (as is the case in spending a paycheck), there would be meager tax differences. You just need to figure out what that difference is.

This has me worried / I need to research it more. From what I've heard - in my country - if I'm getting paid in bitcoin I need to pay 45% on it as it is a non-standard currency. Sort of defeats the purpose of getting my paycheck in BTC.

The problem is, that it is different from country to country. In Austria when you hold your Bitcoin for a year before selling them, you don't pay taxes.

I think, in most countries, you wouldn't need to pay extra tax, if you buy something with Bitcoin and the price is up, since you bought them. I am not sure, if some people in here, where suggesting that.

[fryarminer]

Elwar, so how would you go about trying to find a guy that will buy BTC from you in real life in exchange for cash to bypass all the credentials bullshit, while also bypassing localbitcoins? Ideally you should bypass localbitcoins as well (a lot of times they ask for credentials), but I guess its hard to find people this way.
If you lived in any of the major US or EUR cities, how would you go about this?

he does not need that, if i understood correctly he pay almost everything with bitcoin recieved directly from his job(he use a service to recieve bitcoin directly form his job if i remember correctly) so there is no need to dump ever

every problem is solved, he then proceeds to pay taxes regularly based on the income in bitcoin, but i don't know exactly how it work in the case bitcoin skyrocket before the end of the fiscal/financial year...

If I understand correctly you would pay taxes based on the difference of price between the time you buy and the time you sell the bitcoin. So if I get 1btc for $200, and spend it when it is worth $1200, I would pay taxes on the $1000 profit I made from the bitcoin. If I don't spend the bitcoin, then I don't pay taxes on it, and if you spend the bitcoin when it is around the same price as it was when you purchased it (as is the case in spending a paycheck), there would be meager tax differences. You just need to figure out what that difference is.

This has me worried / I need to research it more. From what I've heard - in my country - if I'm getting paid in bitcoin I need to pay 45% on it as it is a non-standard currency. Sort of defeats the purpose of getting my paycheck in BTC.

Wow, that stinks. If that's the case, get paid in cash and buy locally off the record.

[coinpr0n]

Elwar, so how would you go about trying to find a guy that will buy BTC from you in real life in exchange for cash to bypass all the credentials bullshit, while also bypassing localbitcoins? Ideally you should bypass localbitcoins as well (a lot of times they ask for credentials), but I guess its hard to find people this way.
If you lived in any of the major US or EUR cities, how would you go about this?

he does not need that, if i understood correctly he pay almost everything with bitcoin recieved directly from his job(he use a service to recieve bitcoin directly form his job if i remember correctly) so there is no need to dump ever

every problem is solved, he then proceeds to pay taxes regularly based on the income in bitcoin, but i don't know exactly how it work in the case bitcoin skyrocket before the end of the fiscal/financial year...

If I understand correctly you would pay taxes based on the difference of price between the time you buy and the time you sell the bitcoin. So if I get 1btc for $200, and spend it when it is worth $1200, I would pay taxes on the $1000 profit I made from the bitcoin. If I don't spend the bitcoin, then I don't pay taxes on it, and if you spend the bitcoin when it is around the same price as it was when you purchased it (as is the case in spending a paycheck), there would be meager tax differences. You just need to figure out what that difference is.

This has me worried / I need to research it more. From what I've heard - in my country - if I'm getting paid in bitcoin I need to pay 45% on it as it is a non-standard currency. Sort of defeats the purpose of getting my paycheck in BTC.

Wow, that stinks. If that's the case, get paid in cash and buy locally off the record.

Yeah, that would seem the best approach. Although it would also be nice if bitcoin were accepted in more places as we don't have to pay any extra VAT for that.

[ShamrockHannah]

Once you get into the swing of the new lifestyle it will become easier for you. You will know where to go for what you need,  which ships to buy food from. Where to pay your bills or rent, whatever else. Good luck mate. Hope it's gotta well for you and hope to hear some updates from you in the near future 

[fryarminer]

I think, for me, for the time being (at least till the end of the year) I'm going to keep a credit card. I can make any purchases on the credit card (without fees and limits like the Bitcoin debit cards) and then pay the credit card bill by transferring money from Circle or with a Bitcoin bill pay service.
That sounds really easy.

[Litejavichu]

It is very difficult to live only coins encryption. Maybe with credit cards