Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by JayJuanGee (1)
Getting close to thinking of taking a little profit in the form of 100 acres of prime forested property with 1500 feet of lake frontage, ten minutes from a major hospital and about an hour and a half from downtown Toronto. Under 23 bitcoins at current prices.
Thank you Bitcoin.
Thank you Bitcoin.
Do it!
Peace and serenity now is more important than pie in the sky, especially when we are not there (in the future).
Now is actually months away. This is just the land. I'd still have to build a house, although in the spring I could still drop a trailer on the land for weekend use.
The big problem is converting my coins into dollars and paying capital gains taxes. I don't have (nor want) a bank account. Luckily I have one paper wallet (my largest) which can be traced to my identity, containing about 30 coins. Hopefully that will cover it.
get a salt (or equivalent) loan using your BTC as collateral. this keeps the tax bill to near zero. you are not cashing the coin, just getting a loan. then trickle it out to make payments in small chunks that prevent red flags. that at least is what I heard works well.