What's the maximum amount of bitcoins you ever held?

[mgio]

Once had about 1,100. Much less right now. Lost a bunch from ukyo.loan and weexchange and labcoin.  Sold 250 at $400 . Wish I had waited another 2 weeks to sell, I would have an extra $150k from that sale. Also, now I'm facing a $40k tax bill, lol.

lol @ paying taxes on Bitcoin gains.

Sell them for cash so there's no record of the transaction and you don't have to report it.

First, assuming you are ok with tax evasion...

1) it is hard to sell over $100k in bitcoins in person.

2) Let's say you worked your ass off on local bitcoins and did. Now you have $100k in cash. You can't just deposit that in your bank account. Anything over $5k and they will fill out a form and report you (but they can't tell you they did!). And if you make multiple deposits of <$5k you can get charged with "structuring" which is itself illegal. Essentially, you have to launder your bitcoin gains. Not very easy.

3) When you use that $100k to buy something (say a downpayment on a house), the IRS is going to want to know where all that money came from.

[person1029]

.8 , started getting into this about 3 months ago, with a $250 gpu to start mining altcoins. stalked the boards for any new coins and mined them early. 

dogecoin actually came out a few days after my card, mined up about 2mil at 300kh/s, i think about 3m+ as stolen by the shady pool where people are trying to get the law involved getting back from that pool which had problems for over a month. luckily i switched a few days after release though the dif started to go up by then

[angrynerd88]

I have 8 btc right now. I will not sell them before price rise to 1500.I bought at 850 most of coins

[bassclef]

Once had about 1,100. Much less right now. Lost a bunch from ukyo.loan and weexchange and labcoin.  Sold 250 at $400 . Wish I had waited another 2 weeks to sell, I would have an extra $150k from that sale. Also, now I'm facing a $40k tax bill, lol.

lol @ paying taxes on Bitcoin gains.

Sell them for cash so there's no record of the transaction and you don't have to report it.

First, assuming you are ok with tax evasion...

1) it is hard to sell over $100k in bitcoins in person.

2) Let's say you worked your ass off on local bitcoins and did. Now you have $100k in cash. You can't just deposit that in your bank account. Anything over $5k and they will fill out a form and report you (but they can't tell you they did!). And if you make multiple deposits of <$5k you can get charged with "structuring" which is itself illegal. Essentially, you have to launder your bitcoin gains. Not very easy.

3) When you use that $100k to buy something (say a downpayment on a house), the IRS is going to want to know where all that money came from.

1) You can easily get rid of 60k worth of coins in less than a month.  You can sell them in person and there are also various services you can find where you pay bitcoin to order cash through the mail.

2) The extra ~month's work is well worth keeping the extra 40k worth of bitcoins.

3) No reason to launder the gains.  Just keep the 60k as physical cash, and obviously don't use it to put a down payment on a house.  Just use the physical cash for stuff that you would normally use cash for (groceries, gas, entertainment, bills)

^^This method allows you to sell 60k worth and keep the other 40k worth of bitcoins instead of giving them to our government to finance their wars

It's not this easy, unfortunately. If you report x amount on your taxes and buy a house (or a car) that only someone with x(2) income could afford, then the IRS will want to know where all that extra money came from. I agree that if you're reaaallly careful you might be able get away with it, but is the extra work worth the risk? Getting audited isn't exactly fun. The penalties are huge and the law is on their side.

[Malexo]

had 40BTC, once.

 

[angrynerd88]

I've only have 0.8btc  

Most I ever had was about 200 when they were worth ~$20 each.

lol if you had hold you would be rich now.
I have 8 btc right now, most ever

[dserrano5]

There's something in my diary about operating with 200BTC in gox in 2011. Unfortunately I had a dire need of cash when bitcoin was at $5 and I was forced to sell some.

[joshv06]

I had 1000 back in my day.

This was about .0002% of all BTC in circulation at the time.

[jubalix]

its ok in 5 years people will be,

<> I had 1 bit coin and now only 1 70mBits


<> wow a whole BTC? how'd you loose it....I wish I could get earlier like at 1300 each "ATH' lol.

whom you are referring too.?
you answered many question but can't figure out the question .!

just predicting how this sorta thread will run in 3 -5 years time.

[Chellger]

I have about 0.6 BTC at the moment, spread over different exchanges and cryptostock. I want to get to 1 BTC in March. I DEFINITELY want to have at least 1 full BTC. Lowering of the Prices does help and I use it to get cheap BTC.

[MICRO]

Max i had was 0.066 BTC. Spent some on dinodirect , and made some more, so now sitting on 0.058 BTC hoping to get to 0.1 BTC by the end of month , donations welcomed . (not a beg)

[michaelhampton2]

1 bitcoin.