BillyBobZorton
Legendary
 Offline
Activity: 1204
Merit: 1028
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August 18, 2016, 03:35:50 PM |
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I would hire a tax specialist to figure out how to get my million out.
Damn you have 100+ BTC? that is a lot. And you will need more than 100 to have 1 million in your bank, since taxation will be pretty heavy on 1 million increment in most countries. |
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Johnny00
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August 18, 2016, 03:42:08 PM |
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I would hire a tax specialist to figure out how to get my million out.
In Canada no tax on this Damn you have 100+ BTC? that is a lot. And you will need more than 100 to have 1 million in your bank, since taxation will be pretty heavy on 1 million increment in most countries. |
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BlackPanda
Legendary
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Activity: 1414
Merit: 1001
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August 18, 2016, 03:47:55 PM |
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it is a very high price. I can do anything with that money. I'll buy a few grams of gold in the real world. I would invest here long enough. gold investment is a long-term investment for my life.
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hero1111
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August 18, 2016, 04:11:56 PM |
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If it be real it will be fantastic for me and i i have alitle bitcoin but with this price mean i will be rich person because of i can fly really .
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aesma
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August 18, 2016, 04:12:11 PM |
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Ah ah no I'm far from 100BTC but I don't expect bitcoin to be that high right away.
If it happened tomorrow then I would be unhappy to own only 10 BTC and about 90BTC worth of stock and cash (at today's price, not tomorrow's price).
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aesma
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August 18, 2016, 04:18:57 PM |
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In Canada no tax on this Canada has an income tax and a capital gains tax so I don't see why it wouldn't be taxed. |
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garundang
Member
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Activity: 88
Merit: 10
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August 18, 2016, 04:22:25 PM |
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i would spend all bitcoins that i have and i would buy what i wanted
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2legit2
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August 18, 2016, 06:45:10 PM |
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I would hire a tax specialist to figure out how to get my million out.
Damn you have 100+ BTC? that is a lot. And you will need more than 100 to have 1 million in your bank, since taxation will be pretty heavy on 1 million increment in most countries. or he just boasts it even though he actually does not have that much bitcoins, i think i would just sell it all if the price grew that much |
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Supercrypt
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Activity: 1554
Merit: 1054
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August 18, 2016, 08:42:04 PM
Last edit: August 18, 2016, 08:53:07 PM by Supercrypt |
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I'd be getting ready for sharper moves higher  But if bitcoin ever reached that level, it would take a long time for its price to rise that high but it’s already over a half of 1000$ for 1 BTC so there is a high possibility that it will happen. Until then, I’ll save as much bitcoin as I can so when it reaches that stage, I’ll sell a half of it to use and the rest I’ll continue saving it because if it can go that high, it can go further. |
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zimmah
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Activity: 1106
Merit: 1005
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August 18, 2016, 11:17:11 PM |
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I would honestly sell a portion of it, and then hold the rest until I have a need to convert it into fiat currency. I doubt it will ever reach 10k value per bitcoin, but I personally feel like if it does, then it'll be close to hitting its price ceiling. So yeah, I'd sell a good portion to hedge my bets on the price falling in the future.
not even close, the ceiling is more like a couple of million, but i doubt it will ever hit that. though, $10,000 should be easily reached, and sooner than you think. even $100,000 should be very easy. Bitcoin will either fail or reach way above $10,000 and it doesn't look like it is failing, because if it would fail, it would have failed a thousand times by now. |
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BeGoods
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Activity: 1372
Merit: 1008
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August 18, 2016, 11:58:14 PM |
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That is a price too good to be true. I would probably cash out or invest in something that isn't as volatile as Bitcoin like gold. It really depends on my mood the day that BTC turns 10 000USD. Yup if it reaches to that price then I think we should sell all our coins at that stage we cannot afford to hold it as I am sure it will fall extremely after touching the price of $10k. I think if the price it would really happen of course everyone would sell all their bitcoin? because I'm sure they will be eager to sell in order to become rich. but you can see for yourself. even before it hits the $ 800 price panic has occurred Lol seling. how can go up to $ 10k? |
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European Central Bank
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Activity: 1288
Merit: 1087
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August 19, 2016, 12:00:21 AM |
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nothing. if it can reach that price then that means the rest of the world is catching on and it's only gonna grow from there. right now there is effectively no adoption at all. it only takes a small amount of freaks to keep the price as it is.
with a market cap of 100 billion and more that means it's time to get serious.
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passwordnow
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August 19, 2016, 12:00:54 AM |
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I would honestly sell a portion of it, and then hold the rest until I have a need to convert it into fiat currency. I doubt it will ever reach 10k value per bitcoin, but I personally feel like if it does, then it'll be close to hitting its price ceiling. So yeah, I'd sell a good portion to hedge my bets on the price falling in the future.
not even close, the ceiling is more like a couple of million, but i doubt it will ever hit that. though, $10,000 should be easily reached, and sooner than you think. even $100,000 should be very easy. Bitcoin will either fail or reach way above $10,000 and it doesn't look like it is failing, because if it would fail, it would have failed a thousand times by now. I hope you are going to have a good mouth and your suggestion is going to happen and if bitcoin is going to reach $10,000 for sure I'm going to build up my own investment for real or if not I will just going to keep on investing with bitcoin so that I'm going to keep growing my money on it and possible thing is that to become more richer. |
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gilangIDR
Legendary
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Activity: 1526
Merit: 1001
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August 19, 2016, 12:08:50 AM |
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$ 10,000 is the amount to very much. I want to use that money to invest in market trading. I want to benefit even more.
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angaper
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August 19, 2016, 12:40:13 AM |
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Actually I am not mentally prepared to see the bitcoin price achieving that level. Perhaps at that point I had previously spent most of my coins at $2000 because I don't expect a price above $1500.
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Achargeturry78
Sr. Member
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Activity: 630
Merit: 267
Just follow the rules
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August 19, 2016, 01:35:10 AM |
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I'd be getting ready for sharper moves higher If bitcoin now are going high i probably convert all my money into bitcoin and save it into my bitcoin wallet then wait until the day happen that because i am going to rich for sure because of this even i have 1 bitcoin in my wallet it will help me with that for sure and i am going to re invest it so that i can earn more than i am expecting  |
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takingthis4
Sr. Member
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Activity: 504
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
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August 19, 2016, 02:44:35 PM |
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I would hire a tax specialist to figure out how to get my million out.
Damn you have 100+ BTC? that is a lot. And you will need more than 100 to have 1 million in your bank, since taxation will be pretty heavy on 1 million increment in most countries. yeah, i think it would be enough for retirement in the future, bitcoin is going to grow and it will make him huge profit |
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metropolia
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August 19, 2016, 03:06:19 PM |
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I would hire a tax specialist to figure out how to get my million out.
Damn you have 100+ BTC? that is a lot. And you will need more than 100 to have 1 million in your bank, since taxation will be pretty heavy on 1 million increment in most countries. Some countries don't consider btc is money, like China, so Chinese don't need to pay taxes. |
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calkob
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August 19, 2016, 03:10:21 PM |
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i'd hold for even greater gains, if it can reach 10000 it can reach 50000. lol  |
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Doamader
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August 19, 2016, 03:12:32 PM |
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Thats more a dreal then a realistic price, atleast at the next years bitcoin isnt expected to reach such value, i would risk 1000 dollars at 2020, now maybe the price can be affected by the new megaupload project. If bitcoin hit those value i would dump my coins, finish the loan i have and for sure put part of the money into saving and spend with family other part as well.
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