Topic: My brother suggest me to cash 50% out before the banksters ban crypto coins (Read 4456 times)
December 03, 2013, 01:40:33 PM
It's not terrible advice to lock in some profits by diversification. However I seriously doubt it will be banned by your government or that it would make a difference if it was. I am also skeptical about his opinion that bitcoin is somehow tax free.
December 03, 2013, 01:33:54 PM
That's why I didn't tell my brother until I was already rich... 
Btw that's a very good advise. I did the same mistake recentrly with my parents and now everyday they ask me to sell. And i 'm nowhere near rich
December 03, 2013, 01:06:36 PM
That's why I didn't tell my brother until I was already rich...
December 03, 2013, 01:03:02 PM
No don't listen to you're brother. I did and could have had 50 000 SEK more then i have right now.... Why did i listen to my stupid little brother in the first place?
December 03, 2013, 11:35:07 AM
None says bitcoin is not risky!
You can still save your earning by selling, but we can't predict the future.
You can still save your earning by selling, but we can't predict the future.
December 02, 2013, 04:05:11 PM
Hello , my brother is a lawyer and he suggest me to cash out 50%. He says I dont have to pay tax for it now. But he is sure in the future they will ban it. (dont accept withdrawals from exchanges)
What do you guys think?
What do you guys think?
And then they will ban gold
Only if his brother is bad luck Brian himself
December 02, 2013, 07:54:16 AM
From the same user in another thread:
"Sell everything you own and put it in to bitcoins and top5 altcoins"
Now , that's a troll.
"Sell everything you own and put it in to bitcoins and top5 altcoins"
Now , that's a troll.
December 02, 2013, 06:39:14 AM
I hope you did, buy back now and take a nice profit.
December 02, 2013, 04:05:51 AM
Your brother is not completely wrong.
December 01, 2013, 09:27:16 PM
i'm sure there would be plenty of clever ways of getting your BTC out. stopping exchanges from cashing out would be a problem though.. people would use localbitcoins, but it would cause a barrier to entry and stunt growth.
December 01, 2013, 06:33:57 AM
Worst case scenario, some of us will be setting up residency in another country for a short while.
Fortunately there are a couple hundred to choose from, so finding the one friendly to Bitcoin withdrawals shouldn't be difficult.
And if you make enough money to justify the move, you'll easily be able to fly back to the USA as often as you like, get an apartment, and enjoy your Moons over my Hammy at Denny's anytime.
-Burger-
Fortunately there are a couple hundred to choose from, so finding the one friendly to Bitcoin withdrawals shouldn't be difficult.
And if you make enough money to justify the move, you'll easily be able to fly back to the USA as often as you like, get an apartment, and enjoy your Moons over my Hammy at Denny's anytime.
-Burger-
Too good! +1000
November 30, 2013, 12:55:33 PM
Worst case scenario, some of us will be setting up residency in another country for a short while.
Fortunately there are a couple hundred to choose from, so finding the one friendly to Bitcoin withdrawals shouldn't be difficult.
And if you make enough money to justify the move, you'll easily be able to fly back to the USA as often as you like, get an apartment, and enjoy your Moons over my Hammy at Denny's anytime.
-Burger-
Fortunately there are a couple hundred to choose from, so finding the one friendly to Bitcoin withdrawals shouldn't be difficult.
And if you make enough money to justify the move, you'll easily be able to fly back to the USA as often as you like, get an apartment, and enjoy your Moons over my Hammy at Denny's anytime.
-Burger-
November 30, 2013, 12:34:30 PM
Hello , my brother is a lawyer and he suggest me to cash out 50%. He says I dont have to pay tax for it now. But he is sure in the future they will ban it. (dont accept withdrawals from exchanges)
What do you guys think?
What do you guys think?
And then they will ban gold
November 30, 2013, 12:29:56 PM
Hello , my brother is a lawyer and he suggest me to cash out 50%. He says I dont have to pay tax for it now. But he is sure in the future they will ban it. (dont accept withdrawals from exchanges)
What do you guys think?
What do you guys think?
Forget it man. The horse has already bolted. It is too late to close the stable door now. Maybe a few months back when there was all that uncertainty regarding Gox something like this could have been taken seriously. But it's too late now. Bitcoin is going to be MASSIVE. It has too much momentum now. There is no stopping it.
November 30, 2013, 12:10:36 PM
Have your brother watch the two videos in this thread: https://bitcointalksearch.org/topic/highlights-from-the-senate-hearing-346209
Ask him if he still thinks you should cash out.
Ask him if he still thinks you should cash out.
November 30, 2013, 11:54:23 AM
I see why revolutions don't happen. The "banksters" don't even have to do anything, your brother discourages you.
Not picking on your brother, I've seen this thought process on other political topics. In the past I would have said elites maintain the status quo. Ask me now and I'll tell you fear and the people around you do.
Not picking on your brother, I've seen this thought process on other political topics. In the past I would have said elites maintain the status quo. Ask me now and I'll tell you fear and the people around you do.
November 30, 2013, 10:57:44 AM
If one government bans withdrawal from an exchange, people will just move their bitcoins to another exchange and cash out there.
I don't believe a government would be dumb enough to forbid it, but if they do, there will always be a country that will allow it and the exchange will settle there and wire the funds from there.
There will always be ways to convert bitcoins to whatever other mediums of exchange exist at that moment.
For exemple, in the case of localbitcoins.com, there is no cash out of cash since the transactions happen in person or through direct bank transfers.
At this stage a ban would probably just succeed at accelerating the collapse of the fiat monetary system.
I don't believe a government would be dumb enough to forbid it, but if they do, there will always be a country that will allow it and the exchange will settle there and wire the funds from there.
There will always be ways to convert bitcoins to whatever other mediums of exchange exist at that moment.
For exemple, in the case of localbitcoins.com, there is no cash out of cash since the transactions happen in person or through direct bank transfers.
At this stage a ban would probably just succeed at accelerating the collapse of the fiat monetary system.
November 30, 2013, 10:48:22 AM
If you were in this in early days, now's a great time to cash out. Nothing lasts forever man!
So you don't suggest anyone to enter from now on right? What are you doing here then?
Not right. I never referred to "anyone". The message is directed to OP, and I mean to say if he has Bitcoins from early days he can make a decent profit now just in case there is any correction in coming days. Anyways, the decision is upto OP.
Let's accept it whether me or you, nobody is 100% sure in our heart that bitcoin will exist 50 years from now.
Who cares for 50 years from now. If bitcoin is around 6 months from now it will cost 10000$
November 30, 2013, 10:40:37 AM
Sell all instead, I need to buy at lower price 
Wish I could have said it in such minimalist way, hehe. November 30, 2013, 09:51:07 AM
Sell all instead, I need to buy at lower price
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