I am pretty confident we are the new wealthy elite, gentlemen.

[BittBurger]

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 ...

[justusranvier]

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]

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]

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]

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.

[MoonShadow]

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.

[MoonShadow]

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.

[chriswilmer]

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]

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.

[manuel]

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]

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]

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.

[CoinCidental]

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]

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]

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.

[Siegfried]

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]

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?

[CoinCidental]

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]

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]

What about something like okpay and their debit card? Just keep funding it for purchases...