What people aren't realizing is that if you do become a Millionaire in Bitcoin, the second you cash out you will have to pay a 40% capital gains tax, which will leave you with only $600k. Socialism FTW!
because not all bitcoin users live in the US. the tax laws are different in different countries, so holding bitcoin can make you a millionaire (not that i think it will though). 
Topic: 100 bitcoins. Will I be a millionaire by 2020? - page 41. (Read 77434 times)
What people aren't realizing is that if you do become a Millionaire in Bitcoin, the second you cash out you will have to pay a 40% capital gains tax, which will leave you with only $600k. Socialism FTW!
In Germany you don't have to pay any taxes on your profits if you hold your currency(bitcoin) for more than 12 months.
To be honest, I don't think bitcoin is "the one"
Anything that markets itself as "the future", most of the time, it isn't.
Anything that markets itself as "the future", most of the time, it isn't.
Google and Facebook did and succeeded.
To be honest, I don't think bitcoin is "the one"
Anything that markets itself as "the future", most of the time, it isn't.
Anything that markets itself as "the future", most of the time, it isn't.
I agree Patel. There is an awful lot of rhetoric surrounding the use of bitcoin which is not based in reality.
That is not to say that I am not an advocate. But wider adoption of bitcoin encounters problems that are common not to just technology, but human society- idealism, ignorance, greed, corruption and regulation to name just a few. IMO there is nor will there ever be a perfect system, only a web of varying degrees of freedom or control and the ever fluctuating culture of different countries and how they react or are manipulated into reacting.
To be honest, I don't think bitcoin is "the one"
Anything that markets itself as "the future", most of the time, it isn't.
Anything that markets itself as "the future", most of the time, it isn't.
What people aren't realizing is that if you do become a Millionaire in Bitcoin, the second you cash out you will have to pay a 40% capital gains tax, which will leave you with only $600k. Socialism FTW!
I won't cash out. I'll just spend my bitcoins.
In the US at least they'll still want their cut of your gains if you spend rather than trade them. How they find that out is another matter though.
What people aren't realizing is that if you do become a Millionaire in Bitcoin, the second you cash out you will have to pay a 40% capital gains tax, which will leave you with only $600k. Socialism FTW!
I won't cash out. I'll just spend my bitcoins.
What people aren't realizing is that if you do become a Millionaire in Bitcoin, the second you cash out you will have to pay a 40% capital gains tax, which will leave you with only $600k. Socialism FTW!
don't cash out all at once or go to a place where btc taxes are fair?
or call Saul to solve it for you for a smaller fee?
What people aren't realizing is that if you do become a Millionaire in Bitcoin, the second you cash out you will have to pay a 40% capital gains tax, which will leave you with only $600k. Socialism FTW!
No one knows. But my belief is that if Bitcoin survives it will be worth more than it is now. I truly have no idea how much that might be though.
We are talking 5 figures for sure if we keep gaining traction in terms of transactions and adoption rate, we must engulf all electronic mone transactions and make VISA and friends obsolete.
No one knows. But my belief is that if Bitcoin survives it will be worth more than it is now. I truly have no idea how much that might be though.
lol to wait 5 more years to see a big pump,hardly
as the current price i dont see any future in bitcoin maybe if they price was 1000$/btc i could see some future in reaching the 10k$/btc
i wish you luck but it will be hard
as the current price i dont see any future in bitcoin maybe if they price was 1000$/btc i could see some future in reaching the 10k$/btc
i wish you luck but it will be hard
Its hard to gauge whats going to happen. If remember correctly, BTC was around $1,000 USD around this time last year. Always a wild ride!
Price was 600ish this time last year.
Here's a fun tool: http://oneyearbitcoin.info/
Its hard to gauge whats going to happen. If remember correctly, BTC was around $1,000 USD around this time last year. Always a wild ride!
best of luck holding on to 100 btc riding the waves to 10k (if we ever get there).
exactly this.
Yeah this is the real challange
I bet may people sold when BTC was 1, 10, 100 dollars There's a lot more track record and expectations are that much higher than those days though. All you need is no money worries and some boneheaded optimism.
best of luck holding on to 100 btc riding the waves to 10k (if we ever get there).
exactly this.
Yeah this is the real challange
I bet may people sold when BTC was 1, 10, 100 dollars 
best of luck holding on to 100 btc riding the waves to 10k (if we ever get there).
exactly this.
Yeah, you're lucky if you manage to survive without selling any!
best of luck holding on to 100 btc riding the waves to 10k (if we ever get there).
I think the trend suggests you will not be. 5 years is short term for this tech.
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