Topic: You will not hold tight if.... (Read 4483 times)
This neighbor business might be more realistic than this nsa business.
Bitcoins are getting RARE. Who want to get rid of them now? 
You don't pay income tax if you spend your BTC instead of selling.
The IRS would certainly disagree with you there. You still need to pay taxes on any gains under the barter tax code.
yes, they would disagree, but how would they find out?
lol!
nice necro thread.
Well, your neighboor can inform them that you have suddenly bought a new ferrari, Plasma TV and a pool in the garden. Or they could ask NSA.
You don't pay income tax if you spend your BTC instead of selling.
The IRS would certainly disagree with you there. You still need to pay taxes on any gains under the barter tax code.
yes, they would disagree, but how would they find out?
lol!
nice necro thread.
You don't pay income tax if you spend your BTC instead of selling.
The IRS would certainly disagree with you there. You still need to pay taxes on any gains under the barter tax code.
You don't pay income tax if you spend your BTC instead of selling.
Wait, how do I get 0% capital gains tax?
Make less than $36k/year, and hold the bitcoins for at least a year before selling. Since 2008 there have been zero taxes on capital gains in the two lowest income tax brackets.Fuck. I've been overpaying the IRS.
But just keep in mind that the realized capital gains contribute towards that $36k limit. So if you don't have a job, and just sell $36k worth of your bitcoin stash per year, your would pay ZERO in taxes. That's my understanding at least, but I'm not an accountant.
I agree that a floor at 900 is certainly established. Just keep in mind that any market is a sum representation of psychology of all those people.
So the price maintains $900 for a day or two and it's a new floor? Hehe...feel like I'm in the twilight zone. Wait, how do I get 0% capital gains tax?
Make less than $36k/year, and hold the bitcoins for at least a year before selling. Since 2008 there have been zero taxes on capital gains in the two lowest income tax brackets.Fuck. I've been overpaying the IRS.
Wait, how do I get 0% capital gains tax?
Make less than $36k/year, and hold the bitcoins for at least a year before selling. Since 2008 there have been zero taxes on capital gains in the two lowest income tax brackets. All I know is that 1BTC in my paper wallet will never be spent no matter what.
Then what good is it? 
Deterrence, the difference is it can be firmly in people's hands this time.
All I know is that 1BTC in my paper wallet will never be spent no matter what.
Then what good is it? Remember, when selling BTC and withdrawing from exchange, you definitively have to pay income tax, so no $1000 per coin yet at all 
Long term capital gains (US) can be at 0% for a lot of people.
Wait, how do I get 0% capital gains tax?
I think we'll see the result of what you've described we'll before $1000, and it will end up being the biggest catastrophe in bitcoindom to date.
LOL ....
All I know is that 1BTC in my paper wallet will never be spent no matter what.
Then what good is it?
All I know is that 1BTC in my paper wallet will never be spent no matter what. Everything else is speculation and gradual investment.
I agree that a floor at 900 is certainly established. Just keep in mind that any market is a sum representation of psychology of all those people.
Currently you hold the dominant psychology of up, and hold.
All I say is to remain vigilant.
: )
cj
Currently you hold the dominant psychology of up, and hold.
All I say is to remain vigilant.
: )
cj
Sell now? Why? That's beyond dumb when the new floor is $800-900, that makes peaks of $1500 quite plausible. I don't know about you, but selling for 50% less than I could if I was patient does't seem like a genius idea.
Remember, when selling BTC and withdrawing from exchange, you definitively have to pay income tax, so no $1000 per coin yet at all
Long term capital gains (US) can be at 0% for a lot of people.
Very good speculation indeed.
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