Vladimir
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March 17, 2013, 01:13:30 PM |
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Option 1. Become a tax exile for a year, cash out as much as you want, while sipping exotic cocktails on a beach. Option 2. Never sell any Bitcoins, thus there is no tax event. Loan it to related parties, use it as collateral etc... talk to a good accountant first.
Surely there are more options available. But for most us there is nothing to worry about until Bitcoin hits 10k$ or so.
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rpietila
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March 17, 2013, 01:21:07 PM |
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Option 2. Never sell any Bitcoins, thus there is no tax event. Loan it to related parties, use it as collateral etc... talk to a good accountant first.
I would be surprised if any of the large holders ever sold any. The feds will be all over taxing the profits on BTC when it hits mainstream. The only way to escape capital gains tax is to never sell. As the events in Cyprus show, sometimes you have to pay out of your current balances as well, so even the above is not 100% sure, assuming full compliance. Disclaimer: I have never sold a BTC, nor I probably ever will.
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HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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bpd
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March 19, 2013, 07:26:31 PM |
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Option 2. Never sell any Bitcoins, thus there is no tax event. Loan it to related parties, use it as collateral etc... talk to a good accountant first.
I would be surprised if any of the large holders ever sold any. The feds will be all over taxing the profits on BTC when it hits mainstream. The only way to escape capital gains tax is to never sell. As the events in Cyprus show, sometimes you have to pay out of your current balances as well, so even the above is not 100% sure, assuming full compliance. Disclaimer: I have never sold a BTC, nor I probably ever will. Yes, this is the long play. There is no need for large holders to ever sell. Compare: http://www.cnbc.com/id/46236916
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rpietila
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March 19, 2013, 08:57:11 PM |
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Option 2. Never sell any Bitcoins, thus there is no tax event. Loan it to related parties, use it as collateral etc... talk to a good accountant first.
I would be surprised if any of the large holders ever sold any. The feds will be all over taxing the profits on BTC when it hits mainstream. The only way to escape capital gains tax is to never sell. As the events in Cyprus show, sometimes you have to pay out of your current balances as well, so even the above is not 100% sure, assuming full compliance. Disclaimer: I have never sold a BTC, nor I probably ever will. Yes, this is the long play. There is no need for large holders to ever sell. Compare: http://www.cnbc.com/id/46236916Cool! Thanks for the link!
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HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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chriswilmer
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March 20, 2013, 04:31:00 PM |
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Update please! (I will donate 5 mBTc if you update)
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Fuzzy
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March 20, 2013, 05:07:03 PM |
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reserved
Why not use this spot to split your list into 1-400 and 401-800? Then you could have top 800 list ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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chriswilmer
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March 20, 2013, 08:35:38 PM |
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Update please! (I will donate 5 mBTc if you update)
You wish hsa been granted Tipped! (I used the reddit bitcointip bot ... should appear in a few minutes)
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zebedee
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March 21, 2013, 01:49:44 AM |
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Stunning, the minimum 414th (I don't think it's 410) is still going up in value. So much for early adopters cashing out, any doing that are outweighed by new hoarders it would seem.
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cypherdoc
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March 21, 2013, 02:02:13 AM |
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Stunning, the minimum 414th (I don't think it's 410) is still going up in value. So much for early adopters cashing out, any doing that are outweighed by new hoarders it would seem.
so much for all the early adopter "dumping" theories. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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Dabs
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The Concierge of Crypto
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March 21, 2013, 03:45:31 AM |
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Is there a statistic on how many addresses hold a certain balance or bracket? Like
100,000 and up 50,000 to 99,999 10,000 to 49,999 5,000 to 9,999 3,000 to 4,999 2,000 to 2,999 1,000 to 1,999 500 100 50 10
If I wanted to be anonymous, I'd chop up my savings into many addresses and go where no one is likely to look, like under 3,000 per address. Because, for sure, everyone is watching the number 1 address with 111,111 coins.
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Dabs
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March 21, 2013, 09:39:46 AM |
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Thank you. That is interesting. Could you do the same in hundreds for below one thousand coins?
Basically, you break down the
1K 1478 0K 10975701
into
1k 900 800 700 600 500 400 300 200 100 90 80 70 60 50 40 30 20 10
Although I think I can safely say that I can just split up my bitcoin stash into random chunks of 100 to 900 coins each and I'd be part of the 10 million addresses.
edit: I was about to tip you, but all I have is 0.000375 BTC and it costs more to send. (Lost all my 0.1 coins due to Satoshidice.)
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rpietila
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March 21, 2013, 09:54:02 AM |
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Thanks, nice work. Tipped.
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HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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chriswilmer
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March 22, 2013, 03:39:40 PM |
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Wow, 2 million unspent coins. That's crazy.
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flavius
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welcome to riches
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March 24, 2013, 12:04:25 AM |
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I've been thinking of transferring my savings account (~$20,000) into BTC but I just don't know if that is the right move or not.
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Quote crime generates tenfold more money then real businesses do in bitcoin. the fact you cant accept this just makes you a kike
A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.
You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.
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chalbersma
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March 24, 2013, 01:49:42 AM |
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I've been thinking of transferring my savings account (~$20,000) into BTC but I just don't know if that is the right move or not.
It's still a relatively new currency. Don't put more in than you're willing to lose.
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Dabs
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March 24, 2013, 02:09:36 AM |
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It's a gamble. But the odds are in your favor. Study it well. Some people say "don't". Some people say "go". If it becomes worthless, at least you can play online poker or dice games.
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nimda
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March 24, 2013, 02:47:28 AM |
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I've been thinking of transferring my savings account (~$20,000) into BTC but I just don't know if that is the right move or not.
How to determine how much BTC to buy: - Pick a number
- BTC is worthless due to a software bug. All that money is lost. Are you OK?
- Yes: invest this amount
- No: pick a smaller number and go to step 1
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Fuzzy
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March 24, 2013, 05:16:18 AM |
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I've been thinking of transferring my savings account (~$20,000) into BTC but I just don't know if that is the right move or not.
How to determine how much BTC to buy: - Pick a $ amount
- Imagine BTC is worthless due to a software bug. All that money is lost. Are you OK?
- Yes: invest this amount
- No: pick a smaller number and go to step 1
Good strategy ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Zackary
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March 26, 2013, 02:28:01 AM |
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Must be a good feeling ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Nagato
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March 26, 2013, 05:20:00 AM |
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Very intersting data znort. I put them into a spreadsheet and came up with this chart. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fanonymouse.org%2Fcgi-bin%2Fanon-www.cgi%2Fhttp%3A%2F%2Fimg26.imageshack.us%2Fimg26%2F2415%2Fcoindistr.png&t=665&c=jeQSDPS1yPffvA) Pie Chart ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fimg818.imageshack.us%2Fimg818%2F8793%2Fcoindistrpie.png&t=665&c=-lr9ZZcW6wOX5w)
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