MicroGuy
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Twitter @realmicroguy
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November 29, 2013, 03:32:42 AM |
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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.
Congratulations to all the early adopters! Three cheers for sticking to your guns!   |
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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julz
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November 29, 2013, 04:14:37 AM |
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Dammit.. I'm *still* not a member of the wealthy elite... but I'm pretty sure I can see their coat-tails flapping in the wind just over on the next hilltop.
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@electricwings BM-GtyD5exuDJ2kvEbr41XchkC8x9hPxdFd
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tvbcof
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November 29, 2013, 04:29:33 AM
Last edit: November 29, 2013, 04:59:45 AM by tvbcof |
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sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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elux
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November 29, 2013, 06:40:38 AM |
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beetcoin
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November 29, 2013, 07:20:53 AM |
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damn, i didn't realize gold topped out at around $1900. once we pass gold, that'll probably make the headlines even more.. this is such a wild ride.
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invisiblehand
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November 29, 2013, 07:32:11 AM |
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These gold comparison numbers are arbitrary since gold is priced per ounce and BTC is priced per BTC But the comparisons have psychological impact |
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Lauda
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Activity: 2674
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Terminated.
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November 29, 2013, 06:11:54 PM |
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These gold comparison numbers are arbitrary since gold is priced per ounce and BTC is priced per BTC
But the comparisons have psychological impact
This is the correct way of comparing it, and from the looks of it we will overtake gold very soon. |
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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LiteCoinGuy
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In Satoshi I Trust
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November 29, 2013, 06:46:42 PM |
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the psychological impact is big, yes.
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Ecologisto
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November 29, 2013, 07:18:11 PM |
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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 ...
Europe is big, so that depends on where you live. In Sweden it's a flat 30% tax. In Switzerland the capital gains are not taxed if you are a person (as opposed to a company). Welcome Bitcoiners ! |
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tvbcof
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Activity: 4592
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November 29, 2013, 08:08:00 PM |
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In Switzerland the capital gains are not taxed if you are a person (as opposed to a company).
Welcome Bitcoiners !
And they give out free high quality smack and clean needles as I understand it. Welcome junkies! |
sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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CoinCidental
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Merit: 1000
Si vis pacem, para bellum
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November 29, 2013, 08:13:20 PM |
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In Switzerland the capital gains are not taxed if you are a person (as opposed to a company).
Welcome Bitcoiners !
And they give out free high quality smack and clean needles as I understand it. Welcome junkies! i thought it was holland who give junkies free smack and clean needles but anyways it wouldnt stop me moving there if i saved a couple of million in taxes cashing my BTC |
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tvbcof
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Merit: 1276
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November 29, 2013, 08:17:13 PM |
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In Switzerland the capital gains are not taxed if you are a person (as opposed to a company).
Welcome Bitcoiners !
And they give out free high quality smack and clean needles as I understand it. Welcome junkies! i thought it was holland who give junkies free smack and clean needles but anyways it wouldnt stop me moving there if i saved a couple of million in taxes cashing my BTC On the contrary, it's a great policy IMHO (whoever does it.) Junkies are not running around trying to steal to get money for their habit so the normal people at least don't have that to worry about. The most interesting thing is that the percentage of people who become junkies is remarkably similar to that of under other regimes which makes our 'war on drugs' here in the U.S. even more ridiculous and phony. |
sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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Lauda
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Terminated.
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November 29, 2013, 08:18:34 PM |
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In Switzerland the capital gains are not taxed if you are a person (as opposed to a company).
Welcome Bitcoiners !
And they give out free high quality smack and clean needles as I understand it. Welcome junkies! Who cares about that part. Let's move to Switzerland. |
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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JekyllIsland
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November 29, 2013, 09:18:24 PM |
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Jesus don't pay taxes. This defeats the purpose of bitcoin!
Bitcoin is a currency and an investment. In order to use it, you have to pay taxes. As your Jesus said "Render unto Ceaser..." You have to pay taxes for cashing it out, not using it. That would depend on where and how you "cashed it out". It seems to me like one of the primary purposes and advantages of bitcoin is to stop governments from stealing private property by pointing a gun to your head. If you want to use your Bitcoin to buy houses or cars or whatever, then its much cheaper to pay your taxes and enjoy the proceeds. That may be true domestically but... Q3. Does foreign real estate need to be reported on Form 8938?
Foreign real estate is not a specified foreign financial asset required to be reported on Form 8938. For example, a personal residence or a rental property does not have to be reported. |
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Lauda
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Terminated.
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November 29, 2013, 09:20:41 PM |
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~10% daily growth!
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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Arriemoller
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Cлaвa Укpaїнi!
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November 29, 2013, 11:45:15 PM |
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In Switzerland the capital gains are not taxed if you are a person (as opposed to a company).
Welcome Bitcoiners !
And they give out free high quality smack and clean needles as I understand it. Welcome junkies! And they give you a free "assault" rifle (Stgw 90 if I am not wrong) and ammunition (If you do military service). In Sweden you have to join the home guard to get that. |
Demokrati: Två vargar och ett lamm röstar om lunchmenyn. Democracy: Two wolfes and a lamb votes about the lunch menu.
Frihet: Ett väl beväpnat lamm opponerar sig mot omröstningen. Freedom: A well armed lamb opposes the outcome.
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mootinator
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November 30, 2013, 05:52:12 AM |
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This thread has come true for many many people (who have cashed out lol)
Remember - it aint real until its actually in your hands ....
Shortsighted. If this thing really succeeds nobody will have to cash out. |
No
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snakebit
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November 30, 2013, 07:10:43 PM |
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I've always wanted to live in Switzerland. Looks like in a few years, that could very well be a possibility.  |
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MoonShadow
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November 30, 2013, 10:31:25 PM |
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~10% daily growth!
For now. Keep in mind that we've had several bubbles already, and a 10% daily growth rate screams "bubble!". |
"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'
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BittBurger
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November 30, 2013, 10:48:02 PM |
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~10% daily growth!
For now. Keep in mind that we've had several bubbles already, and a 10% daily growth rate screams "bubble!". This has been nothing but a staircase. I don't see a bubble. We had 10% daily growth rates over.... and over ... and over .... and yet all we've done is gone up. Worlds biggest bubble? Or staircase.... Either way ... We are the new wealthy elite, gentlemen (and gentlewomen). |
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