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Topic: What are your plans for YOUR BTC if the price rockets in the future? - page 3. (Read 4235 times)

legendary
Activity: 1159
Merit: 1001
Bought a handful of coins last month in September at $228 USD from a person that already experienced an astronomic percentage gain  He's no longer tied down to a job and travels the world.  He's now an investor for new technologies to further Bitcoin.  Sold me Bitcoins for spending money in my country.  

This was an Australian bloke that bought at $5 per BTC.
member
Activity: 68
Merit: 12
I would sell them to help finance opening my own restaurant.
legendary
Activity: 1680
Merit: 1205
I would hodl like mad  Grin
sr. member
Activity: 462
Merit: 250
Upgrade my phone from a used Nokia 620 to a refurbished Nokia 635. And a classic Nokia 3310 for the weekends.

So you do not use smart phone to access internet and use all other modern functions for the weekends. That is a very good way to spend your time when you are not working.
ImI
legendary
Activity: 1946
Merit: 1019
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
Upgrade my phone from a used Nokia 620 to a refurbished Nokia 635. And a classic Nokia 3310 for the weekends.
legendary
Activity: 1692
Merit: 1018
If 1 BTC ever sells for $100k I will run naked down the main street of my city at lunch time.
ImI
legendary
Activity: 1946
Merit: 1019
legendary
Activity: 1946
Merit: 1007
First I would pay off my student loans. Then I would use it to buy a house, so I can enjoy low interest on a mortgage for the rest of my life.

If there is something left, I'll put in in some savings or retirement investments.
member
Activity: 78
Merit: 10
As i see, $10000 Bitcoins would spoil you all. No one off you would hang on this forum anymore. Some would open truck business, some would get new house, some would get new girlfriends.  SmoothCurves would even buy a car with steering wheel on wrong side.

I hope Bitcoin never gets to $10000 so we all stay here and complain about the price.   Roll Eyes

LOL!  Cheesy

Im sure if bitcoin got to 10k everyone would still check up on bitcointalk to show off photos their new Lamborghini's, Houses & new girlfriends

legendary
Activity: 2730
Merit: 1288
As i see, $10000 Bitcoins would spoil you all. No one off you would hang on this forum anymore. Some would open truck business, some would get new house, some would get new girlfriends.  SmoothCurves would even buy a car with steering wheel on wrong side.

I hope Bitcoin never gets to $10000 so we all stay here and complain about the price.   Roll Eyes
hero member
Activity: 728
Merit: 500
Well my plan is very simple to buy a good car with new home and to buy few trucks to start business of goods transportation and to become one of the big private contractor of my country.
sr. member
Activity: 298
Merit: 253
Kind of invalid original post.  You can already do things like buy Lamborghinis and houses using Bitcoin, you don't have to convert to fiat.  As Bitcoin goes up, people who are all in on Bitcoin will diversify into other things like land or hookers in the case of Mark Karpeles.  When it hits $10,000 or more the price doesn't just implode from everyone buying things.  The higher the market cap goes, the more desirable it is.

I would buy a Lamborghini with a number plate bearing the name Bitcoin. Although I could buy the lambo with Bitcoin, I would probably have to pay for the Bitcoin number plate with fiat. In fact I would need two lambos, one for best, and the other as a runabout car that I could park without worrying about someone keying the paintwork.
legendary
Activity: 1610
Merit: 1004
If price of bitcoin reaches 10 k $ I am surely going to take early retirement and going to build a villa plus a business of real estate in future.I am holding to see that day as this will come soon in couple of years or sooner.
legendary
Activity: 896
Merit: 1000
i would sell a part of my coins to enjoy the profits by buying myself a car or even a new house if the price will go insanely high. i think most people would do so. i will hold the other coins just in case it goes even higher.
hero member
Activity: 707
Merit: 500
Buy a house, and take care of family
If you guys plan on buying a house, take into account the tax. You'll need to tax the BTC you use to buy them, so you need to make gains that are + the house price + whatever tax needed to be applied. So yeah it sucks because you may have 500K in BTC, but as soon as you want to buy a house you get taxed and I have no idea how much that that tax it but I assume it's a lot.

In the U.S. bitcoin is subject to capital gains tax (short term or long term). Short term tax is your highest marginal tax rate (up to 39% iirc), but you only get taxed on your gains (i.e. if you buy bitcoin at $200 and sell at $300, you'd have to pay tax on the $100 you gained). Long term capital gains tax is 15%, where long term is greater than 1 year (i.e. you buy bitcoin on January 1, 2015, you must sell after January 1, 2016 or any gains will be taxed as short term gains).

I'm not a tax professional, so ya know..
legendary
Activity: 1512
Merit: 1012
loan a car, loan a house, loan a girlfriend.

don't buy anything ... IRS (tax) is more strong than you.
but, when you loan ... they can't freeze anything income.
they can't only close your account.

and thanks god, they have made the complexity provide credit card in the world.
sr. member
Activity: 379
Merit: 250
I'm hodling to $100K+.


Ditto. Then I plan on buying one of these:

legendary
Activity: 1260
Merit: 1000
Kind of invalid original post.  You can already do things like buy Lamborghinis and houses using Bitcoin, you don't have to convert to fiat.  As Bitcoin goes up, people who are all in on Bitcoin will diversify into other things like land or hookers in the case of Mark Karpeles.  When it hits $10,000 or more the price doesn't just implode from everyone buying things.  The higher the market cap goes, the more desirable it is.
hero member
Activity: 700
Merit: 501
Buy a house, and take care of family
If you guys plan on buying a house, take into account the tax. You'll need to tax the BTC you use to buy them, so you need to make gains that are + the house price + whatever tax needed to be applied. So yeah it sucks because you may have 500K in BTC, but as soon as you want to buy a house you get taxed and I have no idea how much that that tax it but I assume it's a lot.
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