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Question: Sept. 30 Closing Price:
<$5,000 - 11 (11.2%)
$5000-$5,500 - 3 (3.1%)
$5,500-$6,000 - 5 (5.1%)
$6,000-$6,500 - 14 (14.3%)
$6,500-$7,000 - 18 (18.4%)
$7,000-$7,500 - 11 (11.2%)
$7,500-$8,000 - 7 (7.1%)
$8,000-$8,500 - 6 (6.1%)
>$8,500 - 23 (23.5%)
Total Voters: 98

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 20474538 times)
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pfrtlpfmpf
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November 03, 2017, 03:44:57 AM



Guys, i canīt comprehent my sudden wealth, please help me.

This no joke. Itīs probably, because i have no use of lambos, donīt know . . .

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Elwar
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November 03, 2017, 03:47:46 AM

Have any US citizens looked into a Charitable Remainder Trust for their BTC? I'm talking to a lawyer next week about setting one up. Seems like the best way to convert capital gains into income. Which, for me living overseas, I would rather have income which is not taxed than gains that are taxed.

Yes. You're basically trading your stash in for an annuity or similar. You can draw a yearly income off of it, but that income itself is still taxable (maybe not so much as an expat?). You're just avoiding cap gains, which might not be as bad as you think. Plus the trust has to be carefully managed to keep the IRS happy.

If you trust in Bitcoin's longevity, you maintain far more control keeping it in Bitcoin, and if Bitcoin cap gains are your only source of income, the first $37.5K are tax free, $75k if you're married, and after that it's only 15%. So say you're married and draw off $150k in pure gains (plus some amount of principle, which might be negligible at this point). The effective tax would only be 7.5%. That's like sale's tax, big f-ing deal.

Gifting Bitcoin also bypasses cap gains. The giftee's cost basis steps up to the date of the gift. Gift every member of your extended family and have them pay for the bulk of your needs. You can gift around $14k per year per person.

The best reason I can see for a charitable remainder trust is if you've totally lost faith in Bitcoin and want to ditch your whole stash pronto for lambos, property, securities, or fiat. Maybe it makes sense to do it for just the part you want to convert, but keep the bulk in Bitcoin until needed. Really depends on your circumstances and faith in Bitcoin.

https://www.estateplanning.com/Understanding-Charitable-Remainder-Trusts/
https://www.fool.com/retirement/2016/12/11/long-term-capital-gains-tax-rates-in-2017.aspx

Haven't lost faith in BTC, just wanted to lock in my retirement and not have to worry about money for the rest of my life. I locked in about half of my BTC stash which means I am only half as excited by the price rise as I was before.

Being an expat I do not pay taxes on the first $100k of income. I jumped the gun earlier this year and cashed out more than the $418k 20% capital gains threshold so a CRT might be able to get me back under that to get that down to 15%. Considering I don't have to pay the charity until I'm dead I hope to outlive the US and not worry about it. Either way money saved now vs money years from now that is worth enough to buy a loaf of bread is always better.
Elwar
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November 03, 2017, 03:57:31 AM



Guys, i canīt comprehent my sudden wealth, please help me.

This no joke. Itīs probably, because i have no use of lambos, donīt know . . .

I had the same thing happen to me when we jumped up to $1200. Puts a whole new perspective on life. Even now.

You go through your whole life with the idea that you have to work to make money, you need to upgrade your skills so you can get further in your career, you plan on working the rest of your life.

Then this happens and that is all thrown out the window. At the very least you can stop working at a job you don't like and start doing things you do like.

For me I want to work on something else and I keep falling into the old way of thinking of looking at how profitable it will be. Obviously if I'm working I want to get compensated but it is not as important. But if I work at some fun job that only pays me $10-$20 per day there's really no reason to make money, may as well do voluntary work.

I have been considering doing some blockchain work like Satoshi and not going the ICO route to make big bucks...just create something that will help the world and set it out there to grow on its own.
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November 03, 2017, 04:03:13 AM



Guys, i canīt comprehent my sudden wealth, please help me.

This no joke. Itīs probably, because i have no use of lambos, donīt know . . .



focus on self sufficiency

water, food, concrete
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November 03, 2017, 04:04:02 AM

I hope to outlive the US and not worry about it

that is my strategy
lightfoot
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November 03, 2017, 04:05:19 AM



Guys, i canīt comprehent my sudden wealth, please help me.

This no joke. Itīs probably, because i have no use of lambos, donīt know . . .


This is an interesting problem. Not quite sure what you should do other than buy a 70 foot tall grain silo, fill it with gold, and go swimming like scrooge McDuck.
Elwar
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November 03, 2017, 04:14:39 AM



Guys, i canīt comprehent my sudden wealth, please help me.

This no joke. Itīs probably, because i have no use of lambos, donīt know . . .


This is an interesting problem. Not quite sure what you should do other than buy a 70 foot tall grain silo, fill it with gold, and go swimming like scrooge McDuck.

this

if there is anything I have learned from TV, this is definitely the best use of one's money
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November 03, 2017, 04:16:25 AM

Anybody know if bitstamp will distribute Segwit2x coins like they eventually did with Bitcoin Cash?
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November 03, 2017, 04:17:43 AM

Price appears to be heading nicely and slowly, to a new ATH...
Friday may be kind to us.
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November 03, 2017, 04:18:30 AM

Elwar how old are you?
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November 03, 2017, 04:22:57 AM

Anybody know if bitstamp will distribute Segwit2x coins like they eventually did with Bitcoin Cash?

You really think both chains will survive?
savetherainforest
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November 03, 2017, 04:37:20 AM



Guys, i canīt comprehent my sudden wealth, please help me.

This no joke. Itīs probably, because i have no use of lambos, donīt know . . .




If u'r in your prime, you have 50 years left to live. What is your desire?? (Be greedy with your cravings if they make you feel better, healthy, happy, relaxed and make you live longer!) Smiley
Elwar
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November 03, 2017, 04:38:11 AM

Elwar how old are you?

43
podyx
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November 03, 2017, 04:47:25 AM

Anybody know if bitstamp will distribute Segwit2x coins like they eventually did with Bitcoin Cash?

You really think both chains will survive?

I don't know but it's free money
pfrtlpfmpf
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November 03, 2017, 04:54:54 AM



Guys, i canīt comprehent my sudden wealth, please help me.

This no joke. Itīs probably, because i have no use of lambos, donīt know . . .




If u'r in your prime, you have 50 years left to live. What is your desire?? (Be greedy with your cravings if they make you feel better, healthy, happy, relaxed and make you live longer!) Smiley

I just wanna go surfing  Smiley

My ultimate dream is a sign in front of my business:  "Gone swimming" !



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November 03, 2017, 04:58:51 AM

That's what I want:

https://youtu.be/DmeUuoxyt_E

Well, not that much, but hey, one can dream...
savetherainforest
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November 03, 2017, 05:06:14 AM



Guys, i canīt comprehent my sudden wealth, please help me.

This no joke. Itīs probably, because i have no use of lambos, donīt know . . .




If u'r in your prime, you have 50 years left to live. What is your desire?? (Be greedy with your cravings if they make you feel better, healthy, happy, relaxed and make you live longer!) Smiley

I just wanna go surfing  Smiley

My ultimate dream is a sign in front of my business:  "Gone swimming" !






That sounds like a nice/good bar name in a tropical place! Smiley  (some place with no hurricanes, earthquakes and good elevation against tsunami's) Smiley
pfrtlpfmpf
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November 03, 2017, 05:11:40 AM



Guys, i canīt comprehent my sudden wealth, please help me.

This no joke. Itīs probably, because i have no use of lambos, donīt know . . .

I had the same thing happen to me when we jumped up to $1200. Puts a whole new perspective on life. Even now.

You go through your whole life with the idea that you have to work to make money, you need to upgrade your skills so you can get further in your career, you plan on working the rest of your life.

Then this happens and that is all thrown out the window. At the very least you can stop working at a job you don't like and start doing things you do like.

For me I want to work on something else and I keep falling into the old way of thinking of looking at how profitable it will be. Obviously if I'm working I want to get compensated but it is not as important. But if I work at some fun job that only pays me $10-$20 per day there's really no reason to make money, may as well do voluntary work.

I have been considering doing some blockchain work like Satoshi and not going the ICO route to make big bucks...just create something that will help the world and set it out there to grow on its own.

Thanks !

savetherainforest
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November 03, 2017, 05:28:05 AM



Guys, i canīt comprehent my sudden wealth, please help me.

This no joke. Itīs probably, because i have no use of lambos, donīt know . . .

I had the same thing happen to me when we jumped up to $1200. Puts a whole new perspective on life. Even now.

You go through your whole life with the idea that you have to work to make money, you need to upgrade your skills so you can get further in your career, you plan on working the rest of your life.

Then this happens and that is all thrown out the window. At the very least you can stop working at a job you don't like and start doing things you do like.

For me I want to work on something else and I keep falling into the old way of thinking of looking at how profitable it will be. Obviously if I'm working I want to get compensated but it is not as important. But if I work at some fun job that only pays me $10-$20 per day there's really no reason to make money, may as well do voluntary work.

I have been considering doing some blockchain work like Satoshi and not going the ICO route to make big bucks...just create something that will help the world and set it out there to grow on its own.


What do you think about a black-list facebook based on the blockchain for all the politicians?? Smiley
pfrtlpfmpf
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November 03, 2017, 05:37:53 AM



Guys, i canīt comprehent my sudden wealth, please help me.

This no joke. Itīs probably, because i have no use of lambos, donīt know . . .

I had the same thing happen to me when we jumped up to $1200. Puts a whole new perspective on life. Even now.

You go through your whole life with the idea that you have to work to make money, you need to upgrade your skills so you can get further in your career, you plan on working the rest of your life.

Then this happens and that is all thrown out the window. At the very least you can stop working at a job you don't like and start doing things you do like.

For me I want to work on something else and I keep falling into the old way of thinking of looking at how profitable it will be. Obviously if I'm working I want to get compensated but it is not as important. But if I work at some fun job that only pays me $10-$20 per day there's really no reason to make money, may as well do voluntary work.

I have been considering doing some blockchain work like Satoshi and not going the ICO route to make big bucks...just create something that will help the world and set it out there to grow on its own.


What do you think about a black-list facebook based on the blockchain for all the politicians?? Smiley

The most important is, that you know yourself, what you`re talking about !
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