Author

Topic: Cashed out before the crash. (Read 2106 times)

sr. member
Activity: 265
Merit: 250
November 18, 2013, 08:25:38 AM
#20
I associate selling with capital gains taxes so i dont sell Smiley




Yeah, no kidding.  Especially in the US, keep in mind that if you cash out a significant sum, remember that you really have 1/3 less. If you don't want any trouble, roughly 1/3 needs to go to the government.


True, no reason to cashing out more dollars than you sent to exchange. Keep other coins and spend them slowly online  Smiley
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
November 18, 2013, 08:07:20 AM
#19
If you sell your bitcoins and buy them afterward, do you need to declare it for some kind of taxes? Or just when you sell and transfer it to your bank account?

Clarifications like this are coming. Who knows at this point. But in Germany if you hold for at least 1 year it's tax free. So that is a MAJOR incentive to a) be taxed in germany and b)hold for at least 1 year.
member
Activity: 67
Merit: 10
November 18, 2013, 08:00:37 AM
#18
If you sell your bitcoins and buy them afterward, do you need to declare it for some kind of taxes? Or just when you sell and transfer it to your bank account?
full member
Activity: 246
Merit: 100
November 18, 2013, 07:26:54 AM
#17
I ended up pulling a dba and writing off all my equipment as a business expense. but when I decide to cash out ill be able to write off all my equipment.
legendary
Activity: 2212
Merit: 1008
November 18, 2013, 07:21:09 AM
#16
yes, remember to pay your taxes!  we need to pay for all those friendly cops that keep us safe by fining us for not wearing seatbelts, and unmanned drones, bombs and corrupt politicians!
legendary
Activity: 2198
Merit: 1311
November 18, 2013, 06:32:47 AM
#15
I associate selling with capital gains taxes so i dont sell Smiley




Yeah, no kidding.  Especially in the US, keep in mind that if you cash out a significant sum, remember that you really have 1/3 less. If you don't want any trouble, roughly 1/3 needs to go to the government.
legendary
Activity: 1064
Merit: 1001
November 18, 2013, 06:21:24 AM
#14
only noobs use the term "cashing out"

LOL its not about cash, its about wealth.

Cashing out is a mistake.


I just cashed out for capital repairs of my home.
legendary
Activity: 966
Merit: 1004
CryptoTalk.Org - Get Paid for every Post!
November 18, 2013, 06:21:18 AM
#13
I associate selling with capital gains taxes so i dont sell Smiley


sr. member
Activity: 462
Merit: 250
November 18, 2013, 06:02:36 AM
#12
only noobs use the term "cashing out"

LOL its not about cash, its about wealth.

Cashing out is a mistake.
member
Activity: 110
Merit: 10
November 18, 2013, 05:58:37 AM
#11
Im riding the bitcoin train for at least 5 more years before i cash anything out
legendary
Activity: 1946
Merit: 1006
Bitcoin / Crypto mining Hardware.
November 18, 2013, 05:25:06 AM
#10
fuck this shit i'm buying all again. It cant crash to 0. If it crashes to 250 I still can open stores. YOLO

LOL that was quick
This is bitcoin Smiley
member
Activity: 70
Merit: 10
umad?
November 18, 2013, 04:49:26 AM
#9
I stil can do it if it crashes to 200. I'm starting in +-2-3 mounths with those jobs. So more bubbles to come Wink
full member
Activity: 196
Merit: 100
November 18, 2013, 04:41:07 AM
#8
eindbass, I saw your OP and I was about to write a reply to salute you and wish you good luck.Now two posts later you say you buy back in again. That was a mistake brother, you had something concrete to start your dream with.
newbie
Activity: 56
Merit: 0
November 18, 2013, 04:32:37 AM
#7
lol I'm the same. I keep buying and selling buying and selling.
member
Activity: 70
Merit: 10
umad?
November 18, 2013, 03:31:49 AM
#6
http://www.youtube.com/watch?v=Z8g__x6ExM8
I trust in bitcoin.  Tongue
Now rise like my dick on testosterone.
full member
Activity: 280
Merit: 100
November 18, 2013, 03:29:46 AM
#5
fuck this shit i'm buying all again. It cant crash to 0. If it crashes to 250 I still can open stores. YOLO

LOL that was quick
member
Activity: 70
Merit: 10
umad?
November 18, 2013, 03:26:28 AM
#4
fuck this shit i'm buying all again. It cant crash to 0. If it crashes to 250 I still can open stores. YOLO
newbie
Activity: 42
Merit: 0
November 18, 2013, 03:15:01 AM
#3
Good luck!
sr. member
Activity: 308
Merit: 250
ancap
November 18, 2013, 03:14:16 AM
#2
It would be better to hedge instead of cashed out. Now you're on the paper train again.
member
Activity: 70
Merit: 10
umad?
November 18, 2013, 03:12:14 AM
#1
I wish I could hold my money longer  but I had to cash out. I invested when the coins where 120 dollars . Now I can start my dream job finally. I'm opening few webshops wich I will accept bitcoins! Thanks to bitcoin I can buy allot of stock to open my shops. This really made my dream come true.
Hope to buy allot of coins again when I earn from the shops Smiley. good luck to ya all , may the coin rise to infinity. I had no choice .  Kiss
Jump to: