dominicwin (OP)
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Activity: 84
Merit: 10
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November 15, 2013, 11:46:11 PM |
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Found 300btc by accident like I talked about in this thread: https://bitcointalk.org/index.php?topic=318878I now feel like I hit the trigger finger out of just pure excitement selling 200btc of them a couple weeks ago. Thankfully my btc web shops here on the forums have been building up my btc holdings again as I'm not selling any of the profits for fiat. I have been bit by the BTC bug once again! Anyone else kinda teetering but now completely back and at full strength? |
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lucaspm98
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November 15, 2013, 11:47:10 PM |
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I haven't lost the fever yet, and hopefully I never will! Glad you are back into it  |
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Johanna
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November 16, 2013, 03:40:10 AM |
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Found 300btc by accident like I talked about in this thread: https://bitcointalk.org/index.php?topic=318878I now feel like I hit the trigger finger out of just pure excitement selling 200btc of them a couple weeks ago. Thankfully my btc web shops here on the forums have been building up my btc holdings again as I'm not selling any of the profits for fiat. I have been bit by the BTC bug once again! Anyone else kinda teetering but now completely back and at full strength? Oh you are so lucky, give me some if it reduces your fever |
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dominicwin (OP)
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Activity: 84
Merit: 10
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November 16, 2013, 06:11:08 AM |
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Found 300btc by accident like I talked about in this thread: https://bitcointalk.org/index.php?topic=318878I now feel like I hit the trigger finger out of just pure excitement selling 200btc of them a couple weeks ago. Thankfully my btc web shops here on the forums have been building up my btc holdings again as I'm not selling any of the profits for fiat. I have been bit by the BTC bug once again! Anyone else kinda teetering but now completely back and at full strength? Oh you are so lucky, give me some if it reduces your fever My fever wants more More means better haha. |
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markjamrobin
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November 16, 2013, 06:14:03 AM |
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Found 300btc by accident like I talked about in this thread: https://bitcointalk.org/index.php?topic=318878I now feel like I hit the trigger finger out of just pure excitement selling 200btc of them a couple weeks ago. Thankfully my btc web shops here on the forums have been building up my btc holdings again as I'm not selling any of the profits for fiat. I have been bit by the BTC bug once again! Anyone else kinda teetering but now completely back and at full strength? Oh you are so lucky, give me some if it reduces your fever My fever wants more More means better haha. So you just found ~100K USD? Sounds like your lucky day  |
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dominicwin (OP)
Member
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Activity: 84
Merit: 10
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November 16, 2013, 06:19:50 AM |
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Found 300btc by accident like I talked about in this thread: https://bitcointalk.org/index.php?topic=318878I now feel like I hit the trigger finger out of just pure excitement selling 200btc of them a couple weeks ago. Thankfully my btc web shops here on the forums have been building up my btc holdings again as I'm not selling any of the profits for fiat. I have been bit by the BTC bug once again! Anyone else kinda teetering but now completely back and at full strength? Oh you are so lucky, give me some if it reduces your fever My fever wants more More means better haha. So you just found ~100K USD? Sounds like your lucky day It was great to reap the rewards, but I sold too soon and have been collecting as much BTC as I can for a bit now again. What I thought was a peak for a long time is no longer the peak of bitcoin and that is obvious to me now. |
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Sindelar1938
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November 16, 2013, 06:21:22 AM |
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Good for you, man
Get back in, the peak is far away...
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Rupture
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November 16, 2013, 06:29:27 AM |
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Good to hear! Hold onto them this time  |
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BittBurger
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November 16, 2013, 06:30:06 AM |
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Can you give some insight into how the selling went? 1) How long did it take you to sell 100 BTC ? Like from start to finish - 5 minutes? 3 hours as it went piece by piece? 2) Which exchange did you use to sell for USD (i assume) ? 3) Did the deposit into your bank account go smoothly, no questions from the bank? 4) Have you set aside 20% for capital gains? |
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Bitobsessed
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November 16, 2013, 06:33:55 AM |
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Fever? Oh, wait it's just the miners... |
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dominicwin (OP)
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Activity: 84
Merit: 10
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November 16, 2013, 06:36:10 AM |
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Can you give some insight into how the selling went? 1) How long did it take you to sell 100 BTC ? Like from start to finish - 5 minutes? 3 hours as it went piece by piece? 2) Which exchange did you use to sell for USD (i assume) ? 3) Did the deposit into your bank account go smoothly, no questions from the bank? 4) Have you set aside 20% for capital gains? A couple of days I sold them over. Good questions! I never have had any issues in bitcoin sales bank wires. Definitely consult your attorney on the proper course for taxation. If you have enough bitcoin, it may be profitable enough for you to move to somewhere like the Emirates for a year to take advantage of their tax structure. |
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jeppe
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November 16, 2013, 11:35:23 AM |
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your so lucky with your found i wished i had started mining in the early days ;/ i would have been a millionaire but did not have the money at the time  |
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ixne
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November 16, 2013, 11:56:59 AM |
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Definitely consult your attorney on the proper course for taxation. If you have enough bitcoin, it may be profitable enough for you to move to somewhere like the Emirates for a year to take advantage of their tax structure.
If you're a U.S. citizen, you are expected report and pay tax on all foreign income no matter where you earned it or what foreign taxes were paid. Yeah, pissed me off too when I was living abroad for a time. You won't get away with it unless you have some sort of dummy account on an exchange or sell it all face to face (or computer to computer, as the case may be). Alternatively you could renounce your U.S. citizenship, but I suggest you find another form of citizenship before you do that. |
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dominicwin (OP)
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Activity: 84
Merit: 10
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November 16, 2013, 07:37:54 PM |
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Definitely consult your attorney on the proper course for taxation. If you have enough bitcoin, it may be profitable enough for you to move to somewhere like the Emirates for a year to take advantage of their tax structure.
If you're a U.S. citizen, you are expected report and pay tax on all foreign income no matter where you earned it or what foreign taxes were paid. Yeah, pissed me off too when I was living abroad for a time. You won't get away with it unless you have some sort of dummy account on an exchange or sell it all face to face (or computer to computer, as the case may be). Alternatively you could renounce your U.S. citizenship, but I suggest you find another form of citizenship before you do that. That is pretty nuts! |
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jesse11
Sr. Member
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Activity: 333
Merit: 250
Ants Rock
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November 16, 2013, 07:49:01 PM |
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Definitely consult your attorney on the proper course for taxation. If you have enough bitcoin, it may be profitable enough for you to move to somewhere like the Emirates for a year to take advantage of their tax structure.
If you're a U.S. citizen, you are expected report and pay tax on all foreign income no matter where you earned it or what foreign taxes were paid. Yeah, pissed me off too when I was living abroad for a time. You won't get away with it unless you have some sort of dummy account on an exchange or sell it all face to face (or computer to computer, as the case may be). Alternatively you could renounce your U.S. citizenship, but I suggest you find another form of citizenship before you do that. Not true, you may qualify for the exclusion:The IRS qualifies you as eligible for the Foreign Earned Income Exclusion. Your salary must be paid by a company or agency in your country of residence or by a U.S. company operating in that country. You must reside in a foreign country for an entire tax year or for at least 330 days during a 12-month period. |
Mining with: BE's,BE Cubes, K16's, AntMiners U1's and AntMiners S1's
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dominicwin (OP)
Member
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Activity: 84
Merit: 10
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November 16, 2013, 08:18:36 PM |
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Definitely consult your attorney on the proper course for taxation. If you have enough bitcoin, it may be profitable enough for you to move to somewhere like the Emirates for a year to take advantage of their tax structure.
If you're a U.S. citizen, you are expected report and pay tax on all foreign income no matter where you earned it or what foreign taxes were paid. Yeah, pissed me off too when I was living abroad for a time. You won't get away with it unless you have some sort of dummy account on an exchange or sell it all face to face (or computer to computer, as the case may be). Alternatively you could renounce your U.S. citizenship, but I suggest you find another form of citizenship before you do that. Not true, you may qualify for the exclusion:The IRS qualifies you as eligible for the Foreign Earned Income Exclusion. Your salary must be paid by a company or agency in your country of residence or by a U.S. company operating in that country. You must reside in a foreign country for an entire tax year or for at least 330 days during a 12-month period. That is what I thought was the case. But I imagine though bitcoin cashing out is a whole other issue and probably fairly complicated. I'm not sure where that lies for U.S. citizens residing abroad. |
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