Topic: Agonizing situation. It's like bitcoins have their own will. Stupid problems. - page 2. (Read 1456 times)
February 23, 2013, 10:59:45 PM
Think about how would you liquidate $54k in gold, and you'll get the analogy.
February 23, 2013, 10:59:29 PM
February 23, 2013, 10:57:06 PM
You could move out of Sweden? Correct me if I'm wrong here, but I'm getting the impression that you're not fond of the country. 
Anyways, taxes will probably be a problem regardless of country. And with the volume of BTC you have... well, most online exchanges have limits on transactions to cap the amount you can sell at a time. You'd have to do quite a few micro-transactions, I imagine. Cash would be the easiest way to avoid a tax issue, but the volume is an issue there as well (as you said yourself).
You don't want to just hold on to the Bitcoins? I can't imagine too many options you have to choose from. Except maybe opening a foreign bank account?
Anyways, taxes will probably be a problem regardless of country. And with the volume of BTC you have... well, most online exchanges have limits on transactions to cap the amount you can sell at a time. You'd have to do quite a few micro-transactions, I imagine. Cash would be the easiest way to avoid a tax issue, but the volume is an issue there as well (as you said yourself).
You don't want to just hold on to the Bitcoins? I can't imagine too many options you have to choose from. Except maybe opening a foreign bank account?
February 23, 2013, 10:47:51 PM
Oh my god. I spent an hour writing a even more massive post just to get logged out of the session and everything got erased. So mad right now. I'll just keep this short..er..
I live in Sweden. It's a part of the EU and it's a f...king fascist piece of shit-country controlled by the utterly stupid EU. Just let me give you a quick example. Every year we pay around 5 billions in charges and "taxes" for being a member of the EU. Total we get back every year is around 3 billions. Every year 2 billion dollars go missing, just for a f...king member fee. That's stupid.
Okay. To my situation
I bought around 1850 bitcoins when they costed $1.8. Oh marvellous days. I still remember it. Anyway I bought bitcoins for a bit over $3300. Bought... I'd like to call it an investment. It's probably one of the best I've done. And will have done, maybe. OK:
Today, they're worth around $54k. This is a great amount of money to me, but I'm not gonna give it up just yet. I believe in bitcoins. If I were to sell my bitcoins I would probably have to use some kind of SEPA, Swift, IBAN, Wire, or whatever-transfer to my bank-account. Well. If I do that I will have to pay like, 38% of it in taxes because Sweden sucks
(and if everything goes like i want it to; I don't dare to think how much it could be worth in the future) well.. if I don't pay what they demand in taxes I'll be sentenced to prison for four to five years or have most of my belongings repo'd. A rapist, if he would get caught (and that's a very slim chance, woohoo for crime rates in this country) would get around 2 years in prison and that's it.
The thing is, I don't want to support this shitty country and it's shitty, utterly stupid f...king banks with a penny more than what I already have. I'm fed up with it. Done. "But why? U some kind of nutjob?"
Maybe. But you see, where I live, in the northern parts of Sweden, we have had just about enough of these stupid banks and how they think they can rule over us. For example. Banks won't accept any cash. Why? These are the reasons they love to say: 1) The environment is taking damage from transporting cash. We won't support that. 2) Robbery risk is so high today so we can't just risk our employees. Well do you know what they do instead? They refer any customer trying to transfer cash to their bank-account to a grocery store or 7/11 or such. Like they have better security than a frickin' bank?! "Oh, but thats OK I guess, the grocery store can "bank" the money anyway."
Nu-uh. My dad owns a grocery store and I'll let you into a little secret. In our safe we have just a bit over $1000 in 1 kronor coins. 1 krona is about 16 cents. And we have a thousand dollars in them. Why the hell would you have so much coins in the safe? Because even though "we" are a company, we aren't allow to transfer our money through our bank. Isn't that messed up. But oh yes. The banks still refer their customers for any cash deposit or management to us and our store. It's just a matter of time before robberies will happen more and more frequently. What's easier to rob? A bank or a grocery store? It's like begging for problems if you ask me.
The banks wants each and everyone of us to only use their credit cards, this might sound nutjob-ish but I really get the feeling that they are trying to take full control over our lifes. Money, cash and coins still have a value as long as Sweden doesn't crash and burn. Numbers on a webpage, what are they worth? Nothing.
And well. The government wants it's own share and since we are with the EU, the banks also follow orders from that stupid shit. You can't deposit more than maybe, MAYBE $500 before you need to have a reciept or something specifically saying that this money is "legit". And even though you have some kind of reciept or whatever, they'll report it to the SKV (IRS in the states) for a closer inspection and so the government can adjust their taxes and steal just a little bit more money.
I will never support this fustercluck of a system and so I am stuck with my bitcoins being, well, bitcoins. Is there anyone who have any kind of suggestion on how I would be able to cash my bitcoins out in the future? Preferably anonymously so I won't get a letter that says that I am to appear in front of a court because I've allegedly evaded taxes.
So to my problem:
I'm not really going to do this right now, but in the future, how do I "cash out" my bitcoins to money again? It's like bitcoins prefer to be, well, bitcoins.
I've thought of a lot of things, but I can't sell them online because that will be some kind of transfer to my bank account, and the pure amount of bitcoins is well.. A lot. 1850 of them.
I then thought maybe I can sell them locally. But no. It's 99% for internet transfers there too. Plus the sheer quantity is just massive. Sweden's bitcoin-ers, we are of a small stem. I can't bring in 340k swedish kronor here without going to jail with it, or pay it all away in taxes or be imprisoned. I have no ideas left, but I would be really really grateful if anyone here has a solution.
If possible, I want to maximise my own security from the gov because I know that if they would find out I would either go to jail, get my stuff repo'd or some sick shit like that. What the hell should I do? I refuse to pay away my own investment in taxes. I have no idea what kind of things I would need for this, but if someone has some kind of suggestion, please shoot!!
"If you think the government doesn't care about you; try stop paying the taxes"
I have searched here but it's just giving me non-related results and not even google is helping. I'm guessing this problem is quite unique to Sweden.
TL;DR: How do you sell a big amount of bitcoins without risking your ass in a fascist piece of crap country?
Sincerely, C9.
I live in Sweden. It's a part of the EU and it's a f...king fascist piece of shit-country controlled by the utterly stupid EU. Just let me give you a quick example. Every year we pay around 5 billions in charges and "taxes" for being a member of the EU. Total we get back every year is around 3 billions. Every year 2 billion dollars go missing, just for a f...king member fee. That's stupid.
Okay. To my situation
I bought around 1850 bitcoins when they costed $1.8. Oh marvellous days. I still remember it. Anyway I bought bitcoins for a bit over $3300. Bought... I'd like to call it an investment. It's probably one of the best I've done. And will have done, maybe. OK:
Today, they're worth around $54k. This is a great amount of money to me, but I'm not gonna give it up just yet. I believe in bitcoins. If I were to sell my bitcoins I would probably have to use some kind of SEPA, Swift, IBAN, Wire, or whatever-transfer to my bank-account. Well. If I do that I will have to pay like, 38% of it in taxes because Sweden sucks
(and if everything goes like i want it to; I don't dare to think how much it could be worth in the future) well.. if I don't pay what they demand in taxes I'll be sentenced to prison for four to five years or have most of my belongings repo'd. A rapist, if he would get caught (and that's a very slim chance, woohoo for crime rates in this country) would get around 2 years in prison and that's it.
The thing is, I don't want to support this shitty country and it's shitty, utterly stupid f...king banks with a penny more than what I already have. I'm fed up with it. Done. "But why? U some kind of nutjob?"
Maybe. But you see, where I live, in the northern parts of Sweden, we have had just about enough of these stupid banks and how they think they can rule over us. For example. Banks won't accept any cash. Why? These are the reasons they love to say: 1) The environment is taking damage from transporting cash. We won't support that. 2) Robbery risk is so high today so we can't just risk our employees. Well do you know what they do instead? They refer any customer trying to transfer cash to their bank-account to a grocery store or 7/11 or such. Like they have better security than a frickin' bank?! "Oh, but thats OK I guess, the grocery store can "bank" the money anyway."
Nu-uh. My dad owns a grocery store and I'll let you into a little secret. In our safe we have just a bit over $1000 in 1 kronor coins. 1 krona is about 16 cents. And we have a thousand dollars in them. Why the hell would you have so much coins in the safe? Because even though "we" are a company, we aren't allow to transfer our money through our bank. Isn't that messed up. But oh yes. The banks still refer their customers for any cash deposit or management to us and our store. It's just a matter of time before robberies will happen more and more frequently. What's easier to rob? A bank or a grocery store? It's like begging for problems if you ask me.
The banks wants each and everyone of us to only use their credit cards, this might sound nutjob-ish but I really get the feeling that they are trying to take full control over our lifes. Money, cash and coins still have a value as long as Sweden doesn't crash and burn. Numbers on a webpage, what are they worth? Nothing.
And well. The government wants it's own share and since we are with the EU, the banks also follow orders from that stupid shit. You can't deposit more than maybe, MAYBE $500 before you need to have a reciept or something specifically saying that this money is "legit". And even though you have some kind of reciept or whatever, they'll report it to the SKV (IRS in the states) for a closer inspection and so the government can adjust their taxes and steal just a little bit more money.
I will never support this fustercluck of a system and so I am stuck with my bitcoins being, well, bitcoins. Is there anyone who have any kind of suggestion on how I would be able to cash my bitcoins out in the future? Preferably anonymously so I won't get a letter that says that I am to appear in front of a court because I've allegedly evaded taxes.
So to my problem:
I'm not really going to do this right now, but in the future, how do I "cash out" my bitcoins to money again? It's like bitcoins prefer to be, well, bitcoins.
I've thought of a lot of things, but I can't sell them online because that will be some kind of transfer to my bank account, and the pure amount of bitcoins is well.. A lot. 1850 of them.
I then thought maybe I can sell them locally. But no. It's 99% for internet transfers there too. Plus the sheer quantity is just massive. Sweden's bitcoin-ers, we are of a small stem. I can't bring in 340k swedish kronor here without going to jail with it, or pay it all away in taxes or be imprisoned. I have no ideas left, but I would be really really grateful if anyone here has a solution.
If possible, I want to maximise my own security from the gov because I know that if they would find out I would either go to jail, get my stuff repo'd or some sick shit like that. What the hell should I do? I refuse to pay away my own investment in taxes. I have no idea what kind of things I would need for this, but if someone has some kind of suggestion, please shoot!!
"If you think the government doesn't care about you; try stop paying the taxes"
I have searched here but it's just giving me non-related results and not even google is helping. I'm guessing this problem is quite unique to Sweden.
TL;DR: How do you sell a big amount of bitcoins without risking your ass in a fascist piece of crap country?
Sincerely, C9.
Jump to: