Ibian
Legendary
 Offline
Activity: 2268
Merit: 1278
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November 14, 2013, 08:56:20 AM |
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Thinking too small.
The price itself is not relevant as such. There is noting magical about 133, 266, 1000 or 2383. What matters is how many people want to own bitcoin. That's all.
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Look inside yourself, and you will see that you are the bubble.
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Even if you use Bitcoin through Tor, the way transactions are handled by the network makes anonymity difficult to achieve. Do not expect your transactions to be anonymous unless you really know what you're doing.
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AlgoSwan
Sr. Member
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Activity: 308
Merit: 250
ancap
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November 14, 2013, 09:10:22 AM |
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I'll never sell my BTCs to any fiat paper. Never!
Land, precious metals? Maybe.
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Looking to buy a verified betfair account with escrow.
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Wilhelm
Legendary
Offline
Activity: 1652
Merit: 1265
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November 14, 2013, 09:17:10 AM |
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I'll never sell my BTCs to any fiat paper. Never!
Land, precious metals? Maybe.
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Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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viboracecata
Legendary
Offline
Activity: 1316
Merit: 1000
Varanida : Fair & Transparent Digital Ecosystem
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November 14, 2013, 09:26:26 AM |
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My answer is no, but will it happen?
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Ibian
Legendary
Offline
Activity: 2268
Merit: 1278
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November 14, 2013, 09:36:07 AM |
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I'll buy a boat once I can do so with 10% of my coins. But I will not cash out since my wonderful socialist utopia state would take half. Instead I will take a loan with as low monthly payment as possible so as to keep taxation low, assuming the price is still skyrocketing at that point.
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Look inside yourself, and you will see that you are the bubble.
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pertranex
Newbie
Offline
Activity: 15
Merit: 0
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November 14, 2013, 01:21:23 PM |
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Not for dollars. I'll probably purchase something nice.
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lucaspm98
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November 14, 2013, 01:25:08 PM |
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No, I'm never going to cash out completely. Why would I cash out anyways when the price is rising exponentially with no signs of slowing?
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Omikifuse
Legendary
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Activity: 1750
Merit: 1009
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November 14, 2013, 02:05:20 PM |
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I will but only 50% of what I had..
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David Rabahy
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November 14, 2013, 02:14:00 PM |
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When the rise of the $US/BTC exchange rate causes my portfolio to be too out of balance then I will diversify.
I took ~1% of my net worth, $10K US, in at an average basis of $100/BTC. If/when the exchange rate passes through $1,000/BTC (assuming everything else holds still) then it will be over 9% of my net worth.
The question is always, "What are my needs and wants?" If a need or want exists then will I use some of my Bitcoin or other assets to fulfill it?
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zeroday
Donator
Hero Member
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Activity: 784
Merit: 1000
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November 14, 2013, 02:14:51 PM |
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Since my BTCs is my retirement fund, I only plan dumping fiat into bitcoin during the next few years.
P.S. There is nothing magical in $1k/BTC - it's just 2.5-fold of current price.
P.P.S. When I retire, I expect buying Manhattan for 24 BTC and return it to indigenous people ripped off many years ago.
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ErisDiscordia
Legendary
Offline
Activity: 1133
Merit: 1163
Imposition of ORder = Escalation of Chaos
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November 14, 2013, 02:38:17 PM |
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P.P.S. When I retire, I expect buying Manhattan for 24 BTC and return it to indigenous people ripped off many years ago.
Haha wow what a great idea!  |
It's all bullshit. But bullshit makes the flowers grow and that's beautiful.
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hacknoid
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November 14, 2013, 03:02:14 PM |
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Don't forget ......... CAPITAL GAINS !!!!!!!!!!!!!! If a dude is holding 350 bitcoins and makes $350,000 ...... Some such dudes are going to have to give $100,000 of it to the government "just because" .... Maybe the correct question is, how many people are applying for citizenship in Germany right now?  I'm surprised nobody has qualified the "cash out" option with a date - does it really makes sense to cash out for a bunch of fiat right before the end of the year, when you would have to claim it as income only a few months later? Why not wait until January at least so that you have over a year before you have to claim anything for taxes? If you want to put it as fiat at least maybe you could invest the portion needed to pay taxes for the year interim and lessen the impact. But maybe that's just me...  |
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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November 14, 2013, 03:05:58 PM |
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Don't forget ......... CAPITAL GAINS !!!!!!!!!!!!!! If a dude is holding 350 bitcoins and makes $350,000 ...... Some such dudes are going to have to give $100,000 of it to the government "just because" .... Maybe the correct question is, how many people are applying for citizenship in Germany right now? I'm surprised nobody has qualified the "cash out" option with a date - does it really makes sense to cash out for a bunch of fiat right before the end of the year, when you would have to claim it as income only a few months later? Why not wait until January at least so that you have over a year before you have to claim anything for taxes? If you want to put it as fiat at least maybe you could invest the portion needed to pay taxes for the year interim and lessen the impact. But maybe that's just me... Because at the end of the year you know how much you can cash out without affecting your tax bracket. |
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BitchicksHusband
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November 14, 2013, 03:12:12 PM |
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Don't forget ......... CAPITAL GAINS !!!!!!!!!!!!!! If a dude is holding 350 bitcoins and makes $350,000 ...... Some such dudes are going to have to give $100,000 of it to the government "just because" .... Maybe the correct question is, how many people are applying for citizenship in Germany right now? Since Bitcoin is not regulated no Government can prove that you made any amount from selling your Bitcoins. So it is a capital gain? No. Secondly if you live in the United States it's the income tax law is illegal as only about half the states maybe even less signed the bill. So before you get on about any of this just make sure you have verified that there is a law in your city or town that says "you must pay income tax" and not some rule that the IRS has made up. Just to fellow Americans, you may want to consider this "EXTREMELY BAD" tax advice, and may want to visit a local tax professional for better information. |
1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
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theecoinomist
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November 14, 2013, 04:36:00 PM |
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guess 1,000$ / BTC will have a huge psychological impact.
i predict a lot people to cash out.
the far more important question is, will they get in again as they see price hitting support levels (and rising even higher than 1k)?
Maybe they've learned from those who cashed out at $50, $100, $200, $250, $300, $400. |
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superresistant
Legendary
Offline
Activity: 2128
Merit: 1120
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November 14, 2013, 04:39:49 PM |
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You don't get it.
The day Bitcoin is $1000 and more, USD will be worthless.
What's the point of having one million dollars if you can't buy a hamburger with it ? Wipe your ass with it ?
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LOADING.READY.RUN
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November 14, 2013, 04:44:49 PM |
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You don't get it.
The day Bitcoin is $1000 and more, USD will be worthless.
I disagree. $1000 may be reached within a couple of weeks -- exponential growth! I don't think by then the USD will suddenly collapse. |
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superresistant
Legendary
Offline
Activity: 2128
Merit: 1120
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November 14, 2013, 04:51:10 PM |
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You don't get it.
The day Bitcoin is $1000 and more, USD will be worthless.
I disagree. $1000 may be reached within a couple of weeks -- exponential growth! I don't think by then the USD will suddenly collapse. Well I really hope you are right then. |
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Ibian
Legendary
Offline
Activity: 2268
Merit: 1278
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November 14, 2013, 05:38:20 PM |
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Tenfold yearly increase. 1k is nada.
The dollar will, however, collapse regardless of that. Around 2020 most likely.
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Look inside yourself, and you will see that you are the bubble.
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mgio
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November 14, 2013, 05:46:45 PM |
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Don't forget ......... CAPITAL GAINS !!!!!!!!!!!!!! If a dude is holding 350 bitcoins and makes $350,000 ...... Some such dudes are going to have to give $100,000 of it to the government "just because" .... Maybe the correct question is, how many people are applying for citizenship in Germany right now? I'm surprised nobody has qualified the "cash out" option with a date - does it really makes sense to cash out for a bunch of fiat right before the end of the year, when you would have to claim it as income only a few months later? Why not wait until January at least so that you have over a year before you have to claim anything for taxes? If you want to put it as fiat at least maybe you could invest the portion needed to pay taxes for the year interim and lessen the impact. But maybe that's just me... In the US I believe you might need to pay quarterly estimated tax on capital gains. If you don't you could be hit with a penalty when you go to file your taxes for that year. |
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