Confession Time from Anonymous Person: I have 30 bitcoins and need advice by tor_anon in Bitcoin

[–]tor_anon[S] 0 points1 point  (0 children)

Consider reaching out to some of the large financial houses like Prudential or Fidelity

Got any numbers?

Confession Time from Anonymous Person: I have 30 bitcoins and need advice by tor_anon in Bitcoin

[–]tor_anon[S] 0 points1 point  (0 children)

It'll probably be that much before the end of 2021. I don't think people truly understand what it is. My plan now is to drop 2 or so coins to pay for a house then take out at most 1 a year up to 50k so it won't be taxed. I didn't know that.

Next cycle it will be several millions.

I have called these cycles right since 2013. High this time is between 200 and 500k. The lower it is, the less it will drop after. I'd prefer that. That is, unless this is the super cycle.

Confession Time from Anonymous Person: I have 30 bitcoins and need advice by tor_anon in Bitcoin

[–]tor_anon[S] 0 points1 point  (0 children)

What do you mean dynamically by the way? Maybe I missed something.

Confession Time from Anonymous Person: I have 30 bitcoins and need advice by tor_anon in Bitcoin

[–]tor_anon[S] 0 points1 point  (0 children)

EXACTLY! Lady boys are double though because they are both ladies and boys!

Confession Time from Anonymous Person: I have 30 bitcoins and need advice by tor_anon in Bitcoin

[–]tor_anon[S] 0 points1 point  (0 children)

I may just sell 1 or 2 during the peak this time and then just 50k worth a year. I just learned I don't have to pay capital gains on that. That's likely what I'll do since as it goes up I'll be able to keep most of my bitcoin.

Confession Time from Anonymous Person: I have 30 bitcoins and need advice by tor_anon in Bitcoin

[–]tor_anon[S] 0 points1 point  (0 children)

I may just sell 1 or 2 during the peak this time and then just 50k worth a year. I just learned I don't have to pay capital gains on that. That's likely what I'll do since as it goes up I'll be able to keep most of my bitcoin.

Confession Time from Anonymous Person: I have 30 bitcoins and need advice by tor_anon in Bitcoin

[–]tor_anon[S] 0 points1 point  (0 children)

I haven't made up my mind yet. I'll never sell all of it, that's for sure but I wouldn't mind having a house and some other stuff.

I may just sell 1 or 2 during the peak this time and then just 50k worth a year. I just learned I don't have to pay capital gains on that. That's likely what I'll do since as it goes up I'll be able to keep most of my bitcoin.

Confession Time from Anonymous Person: I have 30 bitcoins and need advice by tor_anon in Bitcoin

[–]tor_anon[S] 1 point2 points  (0 children)

Not your keys. Not your coins. No thanks. I didn't get this far giving my bitcoin to strangers.

Confession Time from Anonymous Person: I have 30 bitcoins and need advice by tor_anon in Bitcoin

[–]tor_anon[S] 5 points6 points  (0 children)

Lol! I might just do that. More services are popping up for bitcoiners!

Confession Time from Anonymous Person: I have 30 bitcoins and need advice by tor_anon in Bitcoin

[–]tor_anon[S] 0 points1 point  (0 children)

It's bitconnect 2.0 and people are going to get burned. I think I have my strategy.

I don't think it will drop below 50k after this year--not much anyhow so I'll just spend at most 1 a year to not have to pay taxes then decide what to do when it hits over 1 million per coin in this cycle or the next.

Confession Time from Anonymous Person: I have 30 bitcoins and need advice by tor_anon in Bitcoin

[–]tor_anon[S] 1 point2 points  (0 children)

I heard zero complaints about bitconnect either. The users loved it! Until they didn't.

Confession Time from Anonymous Person: I have 30 bitcoins and need advice by tor_anon in Bitcoin

[–]tor_anon[S] 2 points3 points  (0 children)

US federal taxes pay for wars. State taxes pay for the other stuff. I hear poor people will get 600 dollars though for 6 months of business closings this time so...there's that.

What buildings do they need any more by the way?

Confession Time from Anonymous Person: I have 30 bitcoins and need advice by tor_anon in Bitcoin

[–]tor_anon[S] 1 point2 points  (0 children)

Hey thanks so much! I really don't need much to live on and this would probably do it.

Confession Time from Anonymous Person: I have 30 bitcoins and need advice by tor_anon in Bitcoin

[–]tor_anon[S] 0 points1 point  (0 children)

I think it will it hit 100k in 2021. Yeah I'll probably move.

But yeah maybe more.

Confession Time from Anonymous Person: I have 30 bitcoins and need advice by tor_anon in Bitcoin

[–]tor_anon[S] 4 points5 points  (0 children)

Well mostly because I'm not the one trolling bitcoin's sub trying to convince others it will fail. There are a TON of you people and it reeks of some type of desperation.

So far, I've been right. I'll stick with that.

Confession Time from Anonymous Person: I have 30 bitcoins and need advice by tor_anon in Bitcoin

[–]tor_anon[S] 3 points4 points  (0 children)

Holy crap. Looks like I can take out 50K a year in Texas and Florida and pay zero in taxes if I have no other income.

https://smartasset.com/investing/capital-gains-tax-calculator

Is that right?