|
BittBurger
|
 |
November 27, 2013, 06:58:03 PM |
|
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 ...
|
|
|
|
|
|
|
|
|
|
|
Whoever mines the block which ends up containing your transaction will get its fee.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
justusranvier
Legendary
 Offline
Activity: 1400
Merit: 1009
|
|
November 27, 2013, 07:03:12 PM |
|
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
Legendary
Offline
Activity: 1148
Merit: 1018
|
|
November 27, 2013, 07:08:13 PM |
|
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
Newbie
Offline
Activity: 3
Merit: 0
|
|
November 27, 2013, 07:21:04 PM |
|
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
|
|
November 27, 2013, 07:32:34 PM |
|
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
Legendary
Offline
Activity: 1708
Merit: 1007
|
|
November 27, 2013, 07:53:18 PM |
|
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  so, are you? 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  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
Legendary
Offline
Activity: 1708
Merit: 1007
|
|
November 27, 2013, 07:55:18 PM |
|
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
Legendary
Offline
Activity: 1008
Merit: 1000
|
|
November 27, 2013, 07:56:05 PM |
|
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
Legendary
Offline
Activity: 1708
Merit: 1007
|
|
November 27, 2013, 07:56:49 PM |
|
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
Member
Offline
Activity: 70
Merit: 10
|
|
November 27, 2013, 08:11:57 PM |
|
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
Legendary
Offline
Activity: 1148
Merit: 1018
|
|
November 27, 2013, 08:22:21 PM |
|
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
Legendary
Offline
Activity: 1708
Merit: 1007
|
|
November 27, 2013, 08:35:29 PM |
|
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
Legendary
Offline
Activity: 1316
Merit: 1000
Si vis pacem, para bellum
|
|
November 27, 2013, 08:44:21 PM |
|
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
Newbie
Offline
Activity: 11
Merit: 0
|
|
November 27, 2013, 11:59:19 PM
Last edit: November 28, 2013, 12:21:43 AM by Mlady3014 |
|
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
Legendary
Offline
Activity: 1708
Merit: 1007
|
|
November 28, 2013, 12:01:18 AM |
|
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
|
|
November 28, 2013, 12:17:57 AM |
|
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
Legendary
Offline
Activity: 1708
Merit: 1007
|
|
November 28, 2013, 12:21:09 AM |
|
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
Legendary
Offline
Activity: 1316
Merit: 1000
Si vis pacem, para bellum
|
|
November 28, 2013, 12:30:48 AM |
|
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  open a chinese bank account and you can withdraw money anywhere with the atm card without losing 40-50% |
|
|
|
|
|
Siegfried
|
|
November 28, 2013, 12:31:38 AM |
|
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? It is a real question. Many people do not accept the legitimacy of the state and do not want to finance the murder and imprisonment of their fellow humans and the eventual destruction of civilization. Many support bitcoin precisely because its deprives the state of its power to do evil. |
|
|
|
|
fcmatt
Legendary
Offline
Activity: 2072
Merit: 1001
|
|
November 28, 2013, 12:33:10 AM |
|
What about something like okpay and their debit card? Just keep funding it for purchases...
|
|
|
|
|
|
