ssi

[Hedda Gabler]

Question with ssi in terms of bitcoin.

I am trying to get ssi for my disability. But I have some storage of various coins, bitcoin, ethereum, litecoin, etc.
I am wondering, do I sell all my coins, in order to be poor enough to get ssi? Or its not needed to sell? Because even though I am not making money on coins now (and only losing money on the coin) I'd hate to miss being a millionaire, 2 years in the future, but I lost out because I sold all my coins. But right now, my coins are giving literally no income, thus I need ssi.

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[Theb]

Question with ssi in terms of bitcoin.

I am trying to get ssi for my disability. But I have some storage of various coins, bitcoin, ethereum, litecoin, etc.
I am wondering, do I sell all my coins, in order to be poor enough to get ssi? Or its not needed to sell? Because even though I am not making money on coins now (and only losing money on the coin) I'd hate to miss being a millionaire, 2 years in the future, but I lost out because I sold all my coins. But right now, my coins are giving literally no income, thus I need ssi.

You don't get any poorer if you just sell your cryptocurrencies in its current market value as your net worth will still be the same, the only difference is now your owning a more stable asset which will reflect in your list of assets. But in your case, I don't think you need to sell at all or give up any real property because if you are a REAL disabled person who has limited income/resources (which you are based on your post) you can still apply for an SSI and might be eligible to it. But if you want to make increase your chances you can speak to a Public Attorney about the application of your benefits.

[Hedda Gabler]

Question with ssi in terms of bitcoin.

I am trying to get ssi for my disability. But I have some storage of various coins, bitcoin, ethereum, litecoin, etc.
I am wondering, do I sell all my coins, in order to be poor enough to get ssi? Or its not needed to sell? Because even though I am not making money on coins now (and only losing money on the coin) I'd hate to miss being a millionaire, 2 years in the future, but I lost out because I sold all my coins. But right now, my coins are giving literally no income, thus I need ssi.

You don't get any poorer if you just sell your cryptocurrencies in its current market value as your net worth will still be the same, the only difference is now your owning a more stable asset which will reflect in your list of assets. But in your case, I don't think you need to sell at all or give up any real property because if you are a REAL disabled person who has limited income/resources (which you are based on your post) you can still apply for an SSI and might be eligible to it. But if you want to make increase your chances you can speak to a Public Attorney about the application of your benefits.

I have lost most of my money due to cryptocurrency, due to 1. CoinsMarkets theives, 2. Negative news 3. South Korea and China 4. Ignorant and negative news 5. Trolls on chatrooms giving bad investment advice 6. Laziness, not checking my funds daily. 7. Ignorant people negging and giving negative news about solid coin makers 8. Greedy coin makers screwing me over. 9. Warren Buffet. 10. Trump wanting to tax bitcoin holders.

2018 has been a relentless assault against crypto and a terrible year, it will be forever remembered as the year of the crypto crash.

So if I withdraw now, I will be poorer than last year. But if I hold I may be a millionaire in some years.

If I speak to a Public Attorney will they keep my information confidential or tell the world I have a couple of cryptocoins?

[Theb]

I have lost most of my money due to cryptocurrency, due to 1. CoinsMarkets theives, 2. Negative news 3. South Korea and China 4. Ignorant and negative news 5. Trolls on chatrooms giving bad investment advice 6. Laziness, not checking my funds daily. 7. Ignorant people negging and giving negative news about solid coin makers 8. Greedy coin makers screwing me over. 9. Warren Buffet. 10. Trump wanting to tax bitcoin holders.

2018 has been a relentless assault against crypto and a terrible year, it will be forever remembered as the year of the crypto crash.

So if I withdraw now, I will be poorer than last year. But if I hold I may be a millionaire in some years.

Nope do not think about the future here, as I said selling right now won't make a difference in your net worth if you are thinking for applying the benefit now. Tell me one more thing, is your income only coming from cryptocurrencies? You don't have any job or other things for you to earn?

If I speak to a Public Attorney will they keep my information confidential or tell the world I have a couple of cryptocoins?

Public Attorney or not any lawyers who have clients are bound to keep their information between them because they must practice Attorney-Client Privilege, even if the attorney is finished helping you they are still not allowed to disclose information to other people without your permission. To tell your the truth a lawyer will help you more in this case as I don't know the specific minimum numbers if you are eligible or not for the benefit.

[Hedda Gabler]

I have lost most of my money due to cryptocurrency, due to 1. CoinsMarkets theives, 2. Negative news 3. South Korea and China 4. Ignorant and negative news 5. Trolls on chatrooms giving bad investment advice 6. Laziness, not checking my funds daily. 7. Ignorant people negging and giving negative news about solid coin makers 8. Greedy coin makers screwing me over. 9. Warren Buffet. 10. Trump wanting to tax bitcoin holders.

2018 has been a relentless assault against crypto and a terrible year, it will be forever remembered as the year of the crypto crash.

So if I withdraw now, I will be poorer than last year. But if I hold I may be a millionaire in some years.

Nope do not think about the future here, as I said selling right now won't make a difference in your net worth if you are thinking for applying the benefit now. Tell me one more thing, is your income only coming from cryptocurrencies? You don't have any job or other things for you to earn?

If I speak to a Public Attorney will they keep my information confidential or tell the world I have a couple of cryptocoins?

Public Attorney or not any lawyers who have clients are bound to keep their information between them because they must practice Attorney-Client Privilege, even if the attorney is finished helping you they are still not allowed to disclose information to other people without your permission. To tell your the truth a lawyer will help you more in this case as I don't know the specific minimum numbers if you are eligible or not for the benefit.

Thanks. I have an off and on job where I get occassional payments in Paypal.
The verbiage on that is also confusing.
It says if I have extra income, as long as I spend it on vital things, such as food, a car, or business expenses or education, it doesn't count as income. Yet, it says if I have a job, I must report all my wages at the end of the month, as income, so they can reduce my ssi. So if it is not income if I spend it on stuff, why does it reduce my income. Doesn't make sense.

[squatter]

Question with ssi in terms of bitcoin.

I am trying to get ssi for my disability. But I have some storage of various coins, bitcoin, ethereum, litecoin, etc.
I am wondering, do I sell all my coins, in order to be poor enough to get ssi? Or its not needed to sell? Because even though I am not making money on coins now (and only losing money on the coin) I'd hate to miss being a millionaire, 2 years in the future, but I lost out because I sold all my coins. But right now, my coins are giving literally no income, thus I need ssi.

I have a close friend on SSI. Over the years, she's had a couple large inflows of cash. During those times when she had assets, she was no longer eligible to receive benefits. She had to dispose of them, or lose the benefits:

SSI Asset Limit
A resource is money as well as something that you own and can turn into cash. Examples of resources are property, stocks, bonds, and bank accounts.

Supplemental Security Income (SSI) is a needs-based program. To get SSI, your countable resources must not be worth more than $2,000 for an individual or $3,000 for a couple. We call this the resource limit. Countable resources are the things you own that count toward the resource limit.
SSI Spotlight on Resources - Social Security
https://www.ssa.gov/ssi/spotlights/spot-resources.htm

Now, whether the SSA would ever be able to figure out you own cryptocurrency without you telling them -- that's another story...

[Lucius]

Hedda Gabler , is there any way that anyone can find out that you own a cryptocurrency, do you use bank accounts/exchanges to buy/sell coins?
Even if you do that, I think that it is hard for anyone to prove you own any crypto, you can always say it is stolen, hacked or your hard drive is burnt. So you should not be too worried for that matter.

Regarding you temporary job and payments on PayPal, it is clear that if you spend that money on permissible things that you stated, this should not be affected on your status when asking Supplemental Security Income. You should not mention any cryptocurrency to anyone, and you should go for SSI if you really need it.

[Gozie51]

Question with ssi in terms of bitcoin.

I am wondering, do I sell all my coins, in order to be poor enough to get ssi?

This idea got me laughing but you don't need to sell off your coins when you think it's not the time to do that,  I am also thinking that "your sin might find you out" one way or the other by the time you are making that application as a presumed poor guy You could be looking dashing and all cleaned up with some good suite on you and smashing outfits  

Question with ssi in terms of bitcoin.

I have lost most of my money due to cryptocurrency, due to 1. CoinsMarkets theives, 2. Negative news 3. South Korea and China 4. Ignorant and negative news 5. Trolls on chatrooms giving bad investment advice 6. Laziness, not checking my funds daily. 7. Ignorant people negging and giving negative news about solid coin makers 8. Greedy coin makers screwing me over. 9. Warren Buffet. 10. Trump wanting to tax bitcoin holders.

In all, I do not see hacking as your fault but I see every other issue of why you must have sold your coin at an unreasonable price as your doing, either because you are not experienced enough then. So, you can learn from your mistakes now. You want to make money in cryptocurrency or any other business for that matter - the simple logic is, you buy cheap and sell higher.

So if I withdraw now, I will be poorer than last year. But if I hold I may be a millionaire in some years.

Being patient and hodling is better.

If I speak to a Public Attorney will they keep my information confidential or tell the world I have a couple of cryptocoins?

Overtly in legal field or any other professional field (where there is principal/client relationship), a lawyer is obligated not to disclose a confided information of the client but most times, it is usually the information that could be used against the client if heard , maybe if the act or omission was actually perpetrated by the client : for instance, stealing etc.

However, in your own case, it bothers on the fact in issue. At the time of adjudication maybe in the court or arbitration panel, evidences might be needed. So the information may be exposed not necessarily by your counsel.

[Hedda Gabler]

This idea got me laughing but you don't need to sell off your coins when you think it's not the time to do that,  I am also thinking that "your sin might find you out" one way or the other by the time you are making that application as a presumed poor guy You could be looking dashing and all cleaned up with some good suite on you and smashing outfits 

Well, I have met homeless who are fine dressers, so not necessarily is one poor with bad clothes

In all, I do not see hacking as your fault but I see every other issue of why you must have sold your coin at an unreasonable price as your doing, either because you are not experienced enough then. So, you can learn from your mistakes now. You want to make money in cryptocurrency or any other business for that matter - the simple logic is, you buy cheap and sell higher.

I did sell and make a profit, at first, when the market was crashing early this year. I didn't want to sell everything, so I just took the stuff I sold and invested in coins which, I thought, were more stable. I didn't expect this year to be literally the Titanic Avalanche of crypto, I was still hooked on James Alchutcher's promise of 2018 being a great year for crypto, and still waiting for that March Amazon explosion of ETH. Long story short, no matter how stable I thought were the coins, they all fell down.

Overtly in legal field or any other professional field (where there is principal/client relationship), a lawyer is obligated not to disclose a confided information of the client but most times, it is usually the information that could be used against the client if heard , maybe if the act or omission was actually perpetrated by the client : for instance, stealing etc.

However, in your own case, it bothers on the fact in issue. At the time of adjudication maybe in the court or arbitration panel, evidences might be needed. So the information may be exposed not necessarily by your counsel.

Not sure what you mean.