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Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 595137 times)
BitChick
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November 27, 2013, 03:32:51 PM
 #561

Feeling wealthier for sure, but certainly not wealthy enough to retire yet.  Maybe next year at this rate though.

Congrats to the earlier adopters on here!  Some of us are just a little slower than others and in BTC that is not a good thing. Wink 

1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
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November 27, 2013, 05:48:41 PM
 #562

I '' only'' got 3 BTC Tongue But we all believe in it and the signs are outstanding! We all believe in this coin to make a nice profit and a new shiny toy for all ppl.

Enjoy the BTC ride Cheesy
BittBurger
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November 27, 2013, 06:58:03 PM
 #563

This thread has come true for many many people (who have cashed out lol)

Remember - it aint real until its actually in your hands ....

And getting it there isn't super easy.

And Uncle Sam is going to rape you for 20-30% of it ...

Mo money Mo problems ...

Bitcoin's true purpose defined in Satoshi's message on the Genesis Block:
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
View it on the Blockchain | Genesis Block Newspaper Copies
justusranvier
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November 27, 2013, 07:03:12 PM
 #564

Remember - it aint real until its actually in your hands ....
Bitcoin are real, as long as they are stored in addresses you control exclusively.

Dollars are just numbers in a bank's database that someone else could destroy with a couple keystrokes.

People who are buying bitcoins with the goal of selling them for dollars later are doing it wrong.
Rampion
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November 27, 2013, 07:08:13 PM
 #565

This thread has come true for many many people (who have cashed out lol)

Remember - it aint real until its actually in your hands ....

And getting it there isn't super easy.

And Uncle Sam is going to rape you for 20-30% of it ...

Mo money Mo problems ...

Only 20-30%?

God, you US citizens are lucky bastards. I won't tell you the amount of raping that gets an European declaring capital gains of +6 figures - you would cry.

Cally
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November 27, 2013, 07:21:04 PM
 #566

This thread has come true for many many people (who have cashed out lol)

Remember - it aint real until its actually in your hands ....

And getting it there isn't super easy.

And Uncle Sam is going to rape you for 20-30% of it ...

Mo money Mo problems ...

Only 20-30%?

God, you US citizens are lucky bastards. I won't tell you the amount of raping that gets an European declaring capital gains of +6 figures - you would cry.

He was lowballing it, anyone who makes a million USD or more usually loses 50% if they try to take it in a lump sum.
drrussellshane
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November 27, 2013, 07:32:34 PM
 #567

Remember - it aint real until its actually in your hands ....
Bitcoin are real, as long as they are stored in addresses you control exclusively.

Dollars are just numbers in a bank's database that someone else could destroy with a couple keystrokes.

People who are buying bitcoins with the goal of selling them for dollars later are doing it wrong.

This.

In time, more will come to this conclusion.

Buy a TREZOR! Premier BTC hardware wallet. If you're reading this, you should probably buy one if you don't already have one. You'll thank me later.
MoonShadow
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November 27, 2013, 07:53:18 PM
 #568

Are you currently putting all your money into bitcoin?  If you say this, you show you believe it by your actions.  I am putting all my money into bitcoin - I see a possibility of $50-$100+ per coin this year.  Just think, once the "bankers" and hedge funds find out about this, we are going to the moon.  Once my bitcoins are $1,000+ I will be able to pay off my growing college loans and maybe get an apartment, and my first car Smiley

so, are you? Smiley

He's probably living somewhere on his private island, with the 13 beautiful wives he bought.  Doesn't have much time to check the internet or respond to thread Sad

Actually, he can't.  He was finally banned with prejudice.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
MoonShadow
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November 27, 2013, 07:55:18 PM
 #569

This thread has come true for many many people (who have cashed out lol)

Remember - it aint real until its actually in your hands ....

And getting it there isn't super easy.

And Uncle Sam is going to rape you for 20-30% of it ...

Mo money Mo problems ...

Only 20-30%?

God, you US citizens are lucky bastards. I won't tell you the amount of raping that gets an European declaring capital gains of +6 figures - you would cry.

He was lowballing it, anyone who makes a million USD or more usually loses 50% if they try to take it in a lump sum.

Nope, that's income taxes.  Increases in the value of an asset (such as bitcoins owned) is capital gains taxes, which is 20% MAX and normally in the 10 to 12% range in the US.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
chriswilmer
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November 27, 2013, 07:56:05 PM
 #570

This thread has come true for many many people (who have cashed out lol)

Remember - it aint real until its actually in your hands ....

And getting it there isn't super easy.

And Uncle Sam is going to rape you for 20-30% of it ...

Mo money Mo problems ...

Only 20-30%?

God, you US citizens are lucky bastards. I won't tell you the amount of raping that gets an European declaring capital gains of +6 figures - you would cry.

He was lowballing it, anyone who makes a million USD or more usually loses 50% if they try to take it in a lump sum.

Nope, that's income taxes.  Increases in the value of an asset (such as bitcoins owned) is capital gains taxes, which is 20% MAX and normally in the 10 to 12% range in the US.

Dumb question... aren't there state capital gains taxes that get added on to the 20%?
MoonShadow
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November 27, 2013, 07:56:49 PM
 #571

This thread has come true for many many people (who have cashed out lol)

Remember - it aint real until its actually in your hands ....

And getting it there isn't super easy.

And Uncle Sam is going to rape you for 20-30% of it ...

Mo money Mo problems ...

Only 20-30%?

God, you US citizens are lucky bastards. I won't tell you the amount of raping that gets an European declaring capital gains of +6 figures - you would cry.

He was lowballing it, anyone who makes a million USD or more usually loses 50% if they try to take it in a lump sum.

Nope, that's income taxes.  Increases in the value of an asset (such as bitcoins owned) is capital gains taxes, which is 20% MAX and normally in the 10 to 12% range in the US.

Dumb question... aren't there state capital gains taxes that get added on to the 20%?

Depends upon the state, actually.  Generally yes, though.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
manuel
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November 27, 2013, 08:11:57 PM
 #572

http://astrohacker.com/ahc/bitcoin-is-the-economic-singularity/

After reading this, the scale of black market and digital economies and the effect Bitcoin will have on them I am pretty certain we are going to be very wealthy men -- even with a sum as small as 10 Bitcoins. It's just so hard to believe. We are only in the beginning storms with these significant rallies from 10 to 20 dollars. I will not be surprised to see prices from hundreds to thousands in the coming months.

The world just isn't going to be the same and we have been blessed as the pioneers.

What are you going to do with your Bitcoin wealth once your coins hit upwards of $10,000 a pop?

If Bitcoin achieves even a portion of the true vision $100K or even $1 million is not unreasonable.  Maybe take your original investment and a little back at $1,000 or $10,000 but let the rest ride as high as it will go.
Rampion
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November 27, 2013, 08:22:21 PM
 #573

This thread has come true for many many people (who have cashed out lol)

Remember - it aint real until its actually in your hands ....

And getting it there isn't super easy.

And Uncle Sam is going to rape you for 20-30% of it ...

Mo money Mo problems ...

Only 20-30%?

God, you US citizens are lucky bastards. I won't tell you the amount of raping that gets an European declaring capital gains of +6 figures - you would cry.

He was lowballing it, anyone who makes a million USD or more usually loses 50% if they try to take it in a lump sum.

Nope, that's income taxes.  Increases in the value of an asset (such as bitcoins owned) is capital gains taxes, which is 20% MAX and normally in the 10 to 12% range in the US.

I'm crying. Really. You don't even know how lucky you are.

MoonShadow
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November 27, 2013, 08:35:29 PM
 #574

This thread has come true for many many people (who have cashed out lol)

Remember - it aint real until its actually in your hands ....

And getting it there isn't super easy.

And Uncle Sam is going to rape you for 20-30% of it ...

Mo money Mo problems ...

Only 20-30%?

God, you US citizens are lucky bastards. I won't tell you the amount of raping that gets an European declaring capital gains of +6 figures - you would cry.

He was lowballing it, anyone who makes a million USD or more usually loses 50% if they try to take it in a lump sum.

Nope, that's income taxes.  Increases in the value of an asset (such as bitcoins owned) is capital gains taxes, which is 20% MAX and normally in the 10 to 12% range in the US.

I'm crying. Really. You don't even know how lucky you are.

I sure do.  But keep in mind that there are other costs.  I don't want the kind of socially involved governments that dominate Europe, but if you like those things, such things do cost money.  If you don't like those kinds fo things, move over here and help us keep it this way.  It's become a hard fight for the past 10 years or so.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
CoinCidental
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November 27, 2013, 08:44:21 PM
 #575

This thread has come true for many many people (who have cashed out lol)

Remember - it aint real until its actually in your hands ....

And getting it there isn't super easy.

And Uncle Sam is going to rape you for 20-30% of it ...

Mo money Mo problems ...

Only 20-30%?

God, you US citizens are lucky bastards. I won't tell you the amount of raping that gets an European declaring capital gains of +6 figures - you would cry.

He was lowballing it, anyone who makes a million USD or more usually loses 50% if they try to take it in a lump sum.

Nope, that's income taxes.  Increases in the value of an asset (such as bitcoins owned) is capital gains taxes, which is 20% MAX and normally in the 10 to 12% range in the US.

I'm crying. Really. You don't even know how lucky you are.

there may be some way to cash out internationally in china ,eastern europe or  russsia if you dont mind and reduce your taxes
down to about zero and transfer the money to a tax free haven ,(quick  google check says  there are several )
this may or may nor be legal depending on which country you reside but if you have a lot of BTC  you can also buy citizenship in a lot
of other countries that dont have such taxes
Mlady3014
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November 27, 2013, 11:59:19 PM
 #576

I would like to congratulate everyone who were the early adopters, investors, and accepters of Bitcoins. Despite the naysayers, you all were patient and held on to your Bitcoins, now you are reaping benefits that many thought were unimaginable. I am a late starter with Bitcoins, and just started accepting it as payment for my products and services (which I'll reveal in a later post), and I am very happy I made the decision. Maybe a movie should be made about the early adopters who became wealthy from Bitcoin, make it into one of those "underdog beats the odds" stories. Just a thought.

MoonShadow
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November 28, 2013, 12:01:18 AM
 #577

I would like to congratulate everyone who were the early adopters, investors, and accepters of Bitcoins. Despite the naysayers, you all kept were patient and held on to your Bitcoins, now you are reaping benefits that many thought were imaginable. I am a late starter with Bitcoins, and just started accepting it as payment for my products and services (which I'll reveal in a later post), and I am very happy I made the decision. Maybe a movie should be made about the early adopters who became wealthy from Bitcoin, make it into one of those "underdog beats the odds" stories. Just a thought.



You are not a late-adopter.  Bitcoin's market share is what?  10 Billion dollars?  That's chump change for just an online payment processor such as Paypal.  We have a long way to go yet.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
Siegfried
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November 28, 2013, 12:17:57 AM
 #578

Can you get around paying taxes on bitcoin if you buy things directly instead of converting to fiat? Also, how would the government know how much you should pay if there is no record of what price you bought your bitcoins at?
MoonShadow
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November 28, 2013, 12:21:09 AM
 #579

Can you get around paying taxes on bitcoin if you buy things directly instead of converting to fiat? Also, how would the government know how much you should pay if there is no record of what price you bought your bitcoins at?


The real question isn't can it be done.  The question is, are you willing to break your local laws?

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
CoinCidental
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November 28, 2013, 12:30:48 AM
 #580

This thread has come true for many many people (who have cashed out lol)

Remember - it aint real until its actually in your hands ....

And getting it there isn't super easy.

And Uncle Sam is going to rape you for 20-30% of it ...

Mo money Mo problems ...

Only 20-30%?

God, you US citizens are lucky bastards. I won't tell you the amount of raping that gets an European declaring capital gains of +6 figures - you would cry.

He was lowballing it, anyone who makes a million USD or more usually loses 50% if they try to take it in a lump sum.

Nope, that's income taxes.  Increases in the value of an asset (such as bitcoins owned) is capital gains taxes, which is 20% MAX and normally in the 10 to 12% range in the US.

I'm crying. Really. You don't even know how lucky you are.

there may be some way to cash out internationally in china ,eastern europe or  russsia if you dont mind and reduce your taxes
down to about zero and transfer the money to a tax free haven ,(quick  google check says  there are several )
this may or may nor be legal depending on which country you reside but if you have a lot of BTC  you can also buy citizenship in a lot
of other countries that dont have such taxes

Never to return.

if i had enough coins id have no problems moving to china for awhile to cash them Cheesy
open a chinese bank account and you can withdraw money anywhere with  the atm card
without losing 40-50%
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