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I have 1600 bTC. I dont know what to do with them. Should I take them out or should I keep them? I had the coins since 2012, I had over 5,000+ but all I can remember is this account. The best advice will get some of my coins. Please let me know what you guys think. I was thinking the following:
1 - take the coins out via MTgox or bitstamp as I have registered with them and pay the 5,000 commissions to cash my coins out
2 - set up my own site via a PHP developer and cash out
3 - use the coins I have to buy and sell, i.e. buy high and sell low in the market (could have made $300,000 today)
4 - buy items with the goods and sell them in real life
5 - make my own site like localbitcions and pose either as seller or just use localbitons services
6 - start my own bit coin gabling/betting site
7 make my own bitcoin currency
8 spend my money on LTC and namecoins
I have a few more ideas but I think these were the best. I live in UK and I think there a tax law comes in to place in January. But the coins usually go even higher then you can think when there is a crash. But if the tax law comes it mean for sure BTC will not be anonymous and therefore lose one it highest traitors, maybe namecoin will be market leader one day?
Please justify what you say and I know you guys are smart are there so, tell me what you would do if you was me. If we go with option three I will pay up to 20 people to give me advise when to buy and sell and give them all a very small cut of the profit. I am also stable I dont need house or anything. This is change I have that I want to use to change my family life before I die.
1 - take the coins out via MTgox or bitstamp as I have registered with them and pay the 5,000 commissions to cash my coins out
2 - set up my own site via a PHP developer and cash out
3 - use the coins I have to buy and sell, i.e. buy high and sell low in the market (could have made $300,000 today)
4 - buy items with the goods and sell them in real life
5 - make my own site like localbitcions and pose either as seller or just use localbitons services
6 - start my own bit coin gabling/betting site
7 make my own bitcoin currency
8 spend my money on LTC and namecoins
I have a few more ideas but I think these were the best. I live in UK and I think there a tax law comes in to place in January. But the coins usually go even higher then you can think when there is a crash. But if the tax law comes it mean for sure BTC will not be anonymous and therefore lose one it highest traitors, maybe namecoin will be market leader one day?
Please justify what you say and I know you guys are smart are there so, tell me what you would do if you was me. If we go with option three I will pay up to 20 people to give me advise when to buy and sell and give them all a very small cut of the profit. I am also stable I dont need house or anything. This is change I have that I want to use to change my family life before I die.
I can suggest you several legal ways. You can pm me with your freenode info to talk about it. Here are some ways to get you started.
a) Buy money making assets that will make you money on autopilot for months to come. Money will come via fiat, so that will be legible income. Sites such as flippa.com sell profitable websites at the right prices, but there are better options how to buy websites. I know how to do it the right way because I've been buying and selling websites since a long time. I have major online marketing background with 5+ years of experience.
b) Acquire a lot of cards (I can tell you which ones are best) and accumulate them. Then sell them slowly over years or even use them to buy stuff. Those cards will always stay the same in terms of fiat value, so no risk for you or your family.
If you are interested, let me know
a) good idea. What sites have bought off the shelf? What kind of filed is profitable
b) what cards? And what is fiat value mean?
Congratulations if this story is true!
Bitcoin is a very volatile currency, and it is probably a good idea to bring in part of your investment. However, I would still recommend to save most of your coins if you do not want to use them right now. The expected return is much higher than that of gold or similar commodities.
As for the money transfer itself, you can use services like XMLGold. Alternatively, you can buy anonymous credit cards in this thread. This way you can avoid taxes altogether, if that is your desire.
Bitcoin is a very volatile currency, and it is probably a good idea to bring in part of your investment. However, I would still recommend to save most of your coins if you do not want to use them right now. The expected return is much higher than that of gold or similar commodities.
As for the money transfer itself, you can use services like XMLGold. Alternatively, you can buy anonymous credit cards in this thread. This way you can avoid taxes altogether, if that is your desire.
How much do you think BTC will be next year? I can hold them it wont make a difference. But to be honest I am ok paying tax to the UK government, as they deserve it. They do so much for us; theyre no harm in giving back. They are there for us no matter to make sure we guys are safe and always looked after. What is XMLGold?
...here my wallet check it out on blockchain
1GDCa1L4Z8DBZQv8gWK8k1HZkMdFy4mbGU
so you are the 500th wealthiest wallet out there (check http://bitcoinrichlist.com/top500)?1GDCa1L4Z8DBZQv8gWK8k1HZkMdFy4mbGU
I have 1600 bTC.
blockchain says you have 2270 BTCI had over 5,000+ but all I can remember is this account.
wut? have you at least tried to recover them?
I dont know what to do with them. Should I take them out or should I keep them?
if you are not trolling (which I heavily doubt) then you should take one third to enjoy your life, third to establish a business and third to keep for future.
wow I just see that, thank god it dont have my name.
The rest of the coins are my older brother. Who is keeping them till he dies. He made his mind up and wont change. So only the 1606 is just mine to be honest.
I cant recover them as they were on paper wallets and I cleaned the hardirive several times with many new updates.
I dont have a life and I dont mind helping my family first I happy with my life. I think god gave the money to help others. But I dont mind getting business what do you have in mind?
Keep calm, this is still a big load of money.
Since you are this young , you may encounter some problems with cashing out large sums. ( At least this is what it would be like here in germany.)
Your Bank would probably tell your parents and you may not have control anymore over this money.
So you have to be smart about it , and while its painful to see it dropping wait a bit.
Cashout a small amount that you feel comfortable with having on your bank account via bitstamp.
Like others pointed out , use localbitcoins for some additional cash.
I will not advise you on any altcoins because you probably can loose a lot of the money there.
Hold the rest until you have an age where control of this money is guaranteed yours.
Since you are this young , you may encounter some problems with cashing out large sums. ( At least this is what it would be like here in germany.)
Your Bank would probably tell your parents and you may not have control anymore over this money.
So you have to be smart about it , and while its painful to see it dropping wait a bit.
Cashout a small amount that you feel comfortable with having on your bank account via bitstamp.
Like others pointed out , use localbitcoins for some additional cash.
I will not advise you on any altcoins because you probably can loose a lot of the money there.
Hold the rest until you have an age where control of this money is guaranteed yours.
I think your right it would be the same here in UK. But it ok I will help my parents out there old and cant work. But it is a smart idea no lie. But I am trying to verifying with local bitcoins but when you have the money dropped in your account. Is not taxed and could this be a volition of the FSMA 2006 namely money laundry regardless of the sale being done in good faith and clean hands (lord diplock).
The most F****D up thing would be if bank seize the money under money laundry under the this act the bank cant tell me anything (breach of tipping off). So I will be screwed big time. They may even use the Precedes of crime act and seize goods that have that could be obtained from my profits. What do you think?
Why do you think alt coin wont increase in value?
If i were in your place, i would distribute coins like this:
1/10 - Sell in some good exchange (bitstamp, BTC-E) in small amounts
1/10 - Buy LTC mining Rigs with use for mining LTC an other cryptocurencies
1/10 - Preorder KNC future 3TH miner or 10 of these. They will have great resale value and they will definetly get back BTC you invested.
1/5 - Buy LTC and hold, it will be released in several big exchanges, so value will be up soon.
Other BTC just keep for future, better on paper wallet. You can see how to do it blockchain.info, but better do it with armory.
I hope you got the right answers you looked for.
I will appreciate if you help me with some coins, for a very good advices: 16PfoGgnoX4FJwcuPtuypVHYi9A86DWXde
1/10 - Sell in some good exchange (bitstamp, BTC-E) in small amounts
1/10 - Buy LTC mining Rigs with use for mining LTC an other cryptocurencies
1/10 - Preorder KNC future 3TH miner or 10 of these. They will have great resale value and they will definetly get back BTC you invested.
1/5 - Buy LTC and hold, it will be released in several big exchanges, so value will be up soon.
Other BTC just keep for future, better on paper wallet. You can see how to do it blockchain.info, but better do it with armory.
I hope you got the right answers you looked for.
I will appreciate if you help me with some coins, for a very good advices: 16PfoGgnoX4FJwcuPtuypVHYi9A86DWXde
1. that could work
2. that sounds even better but does LTC have any real value now that atlanlts is not here?
3. what are "KNC future 3TH miner "? sounds good but
4. why should keep in paper that how i lost the old ones.
please let me know what you are thiking
Whatever you do, avoid MTgox. It is one of the hardest place to get usd out.
I concur with this statement. I have been waiting over 6 months to receive $1500 from them. Their support "promises to send it soon" everytime I ask.
wow, i thought they were the best. are you vefired with them? or there no issue that you know of.
Avoid MtGox whatsoever.
If you are looking for an exhange, use bitstamp or localbitcoin.
If you are need of money right now, then sell some for your need right now.
But, if you don't, I would suggest you to invest 10% in LTC and keep the rest.
You bought your bitcoins in 2012 when they were super cheap and now you see the price jump.
Price may jump again.
Tip me please? Any amount will be appreciated
1DbChzuyNbV9dDZnrMf8anc9Ba6YGhVK9P
If you are looking for an exhange, use bitstamp or localbitcoin.
If you are need of money right now, then sell some for your need right now.
But, if you don't, I would suggest you to invest 10% in LTC and keep the rest.
You bought your bitcoins in 2012 when they were super cheap and now you see the price jump.
Price may jump again.
Tip me please? Any amount will be appreciated
1DbChzuyNbV9dDZnrMf8anc9Ba6YGhVK9P
Good idea mate. I am verifying with both them as we speak.
I dont need the money but my parents are very old and have worked all their life. Even though we have like a hate and love relationship. I do love them lots and I want them to be proud of me.
The reason why the BTC were cheaper is because not allot of people knew about. You would only know about them if you was an investor and read this forum or you used Silkroad or similar site for illegal services. What do you think? I think that why the price jumped and went down when big coke and heroin vendors cashed out.
Gold goes up in the long term, its not been great the last couple of years but Im sure most think its still one of the safest investments.
True but does more volcanic activity decrease the value of gold? I have been told that the BTC are worth more then apple shares, Google and gold shares. Why do you think it safe to invest in gold? Isnt the price of gold not stable yet I thought it was decreasing? Please let me know what you think?
Here's what I woul do:
-Sell for cash (lucky you, it 's a lot of cash): 20%
(I would wait for best price, probably in vacation when people have more free time the demand and price will go up)
-Invest 10%
(stock markets, Bitcoin investing, whichever you prefer. I personally like NASDAQ, but that's just coz I'm kinda geeky...
-Trade for LTC: 10-15%
(probably going to increase value in the next few months)
-Trade for gold: 5-10%
(always a stable value)
-Maybe buy a bit of Primecoin , Peercoin etc.: 0.5% to 1% each.
-Save the rest (at least half) if you don't need the money right now.
I wouldn't mind some tipping
199C1VPWK6GSsHjsHagn4Pj9zRAb5P9YWr
-Sell for cash (lucky you, it 's a lot of cash): 20%
(I would wait for best price, probably in vacation when people have more free time the demand and price will go up)
-Invest 10%
(stock markets, Bitcoin investing, whichever you prefer. I personally like NASDAQ, but that's just coz I'm kinda geeky...
-Trade for LTC: 10-15%
(probably going to increase value in the next few months)
-Trade for gold: 5-10%
(always a stable value)
-Maybe buy a bit of Primecoin , Peercoin etc.: 0.5% to 1% each.
-Save the rest (at least half) if you don't need the money right now.
I wouldn't mind some tipping
199C1VPWK6GSsHjsHagn4Pj9zRAb5P9YWr
thank for the help buddy but, If I have to cash it out I rather buy a flat in Chelsea and leave on rent. To pay for my son wedding and to have a home when I die.
Should I just buy and sell use the Mtgox and use the feature to buy and sell the coins at certain price?
Honestly I think the reason why LTC is going up is because people are investing hoping for the same thing to happen like BTC but I think the reason why LTC wont go up is because no active drug site will use them. Atlantis was the only one and when they were in operation the price of LTC grew. I think if was to get implemented in a site, it will increase the value. But I dont know it may work like magic for the LTC, I think namecoins has a better chance if it was used alongside PGP.
Gold is a good idea. I could also keep that in a bank safe. But I could get more money just buy renting the house or even giving my money to the bank.
Do you think the BTC has reached it peek at $1,215?
I understand the way you see it.
Here are my main concerns:
.
Mtgox will literally rip you off with fees. So will bitstamp. I beleive you already know that, so here's my solution Find a local dealer and see if you can negotiate fees with him, based on the large volume of BTC you are willing to exchange. You're probably best off like that.
The flat idea sounds great, but I wouldn't do it unless I can find someone who will accept BTC's as payment. Again, passing BTC's to cash will fry you in fees, so see if you can find a dealer working with bitcoins.
You are making a good point on the durg market affecting the value of Litecoins. The way I see it, Bitcoins have reached such a high price that public is shifting towards more affordable cryptos'. Whether they do it hoping for their value to rise or for the sake of convenience, we would have to run a poll around here. But there is no doubt that, if the LTC demand rises, the early bird gets the coins.
As for the peak 1 at 1215, it depends on how much of a long term you are willing to work on: My beleif is that during vacation, and especially with Christmas sales having already started in some places, the price of the bitcoin will go up. If you want to work on a monthly basis (short term), BTC will probably reach that price again by the end of this year. If yoo want to work on a yearly basis, then certainly BTC will surpass 1215 a year from now.
Hope it helps you make up your mind!
P.S. I took the liberty to check your balance, congrats on such wise investing!
199C1VPWK6GSsHjsHagn4Pj9zRAb5P9YWr
I love this too,
You are right they are expensive but if I just used Bitstamp just to buy and sell my coins, when the coins are cheap and sell when they are high. Put the money aside like in a new wallet and cash that profits out to buy my parents a house or myself a new development project of flat. So the flat not ready and give them my funds as deposit and when the flat is ready I would have bought for much cheaper the flat. Then I would not have to worry paying in BTC ill pay in £. But I know the fees are a killer.
Also in regards to local dealers I dont trust them. I would be lucky if I make alive when they see me. But LTC could be the future, If this and namecoin was to be implemented in a drug site it would make the price rocket at least to the £70 or £110 mark maybe. I also believe that the use of namecoins would make harder for LE to obtain the money, so may be this is better to invest in?. LTC is the same as BTC it just has a different name and right now it going cheap. I think Atlantis (ex number 2 drug site) was the only site that used LTC and now they are not here any more, so the price may be stable till then. I also believe that was the reason why LTC was worth more then a dollar. I also think that LTC is gone up only because investors believe that it shoot up just like BTC and is very likely to hold as it will stay stable and also when then biggest investor has sold their LTC they big a panic sale and other people who have paid more for them now would lose out. Am I right? . But we all know in our hearts that BTC increase in price had allot to do with Silkroad and for the sake of LTC Atlantis could be the reason.
I really like your critical analyzing and style of smart thinking. I could just hold on to them and just wait more. But I do agree with you that the drug users need their medication and this should increase the price of the BTC, as it does every year. In that case I am better of buying more with the money I have left over. But I have faith in BTC. Every time I see the market crash it always come back much stronger. I think this like the 4th time.
What do you think mate. Am I wrong?
Don't cash out all of it, take a large portion of it and convert it to fiat and use it for whatever you want. I suggest starting a website if you're down to gain more BTC, as it's one of the most profitable. I have ran several BTC-related websites and I would say it's quite profitable. Good luck to your endeavors.
I love that idea mate, but I dont have to cash out all my money or anything . as I have such a big amount I could just easily buy and sell (high vs low) them and use the profits to buy a flat and leave it on rent.
If we was to start a BTC site what do you have in mind. Also what kind of BTC sites have you run before? And which ones did you get the highest and quickest turnover with?
Take it and live a good life for ever. dont be greedy,and dont take them all out at once. take out 1 BTC at first,than the rest if it works out. good luck
I really wish I could but all my family is poor and on befits before I help myself. I have to think of them and the charity too.
But if I take them out one by one I could easily because the price is very low right now. It would be better if I sell them on localBTC at higher price. But being new and charge a high price will mean no sales. What do you think ?
Invest 5-15 BTC in CGB. Price is going to jump with Madesparq soon
Any chance for tipping? I need a .1BTC if you're feeling generous lol
Any chance for tipping? I need a .1BTC if you're feeling generous lol
what is "CGB" and "Madesparq". please explain more and why you think this.
Gold isn't stable at all. The price has been dropping for ages.
Yeah that true but if you have gold it will be worth something if you need hide in a park or something. Theyre no telling with BTC. All I know is one day these Mafia cartels will know using BTC they can use to launder and trposrt cash to different countries without customs catching them (which is major issues and has not been perfected yet). But LTC can be used in the penny like we have in pounds, which can be used in today society for small purchases like beer or pizza.
1£ and 2£ are BTC
1p,2p,5p,10p,20p,50p are LTC
But with gold it should stay as there only a limited amount in the world. But does gold get formed due to volcanic activity? If more occurred would that decrease the gold value rate?
WOW I am replying back to all your guys one by one. Theyre some very good ideas here for sure, but I need ideas that require thinking out the box. But some of them I have issues with and I will explain why and if you could please tell me if I am wrong in what I am thinking.
Thank you so much guys for all the love and support, keep up the good work guys xx
Thank you so much guys for all the love and support, keep up the good work guys xx
Buy all alt-coins with 5-10BTC each from Btc-e and save them in paper wallet. And save rest BTC in paper wallet too.
And when you want buy something cash out for it and hold rest until BTC became worlds main currency, and BOOM you are top 100 richest man in world.
Feel free to donate, respect:
1Agy5BVCxFHi34nJxPdggyAoGh4XLAwbdP
And when you want buy something cash out for it and hold rest until BTC became worlds main currency, and BOOM you are top 100 richest man in world.
Feel free to donate, respect:
1Agy5BVCxFHi34nJxPdggyAoGh4XLAwbdP
To be honest I think the reason BTC went up is all to do with Silkroad site. There is a good chance LTC would go up, if major BTC vendors support them i.e Mtgox etc. but alt coin? I dont know what makes this better then BTC? sorry if i sound rude i just want to know what your thinking
Sell on bitstamp slowly 5-15 BTC per day because if you sell to much on one time you will not get what you want.We can talk over email if you want for any help or info.My email nikola.kutnjak2@gmail.com
1MY8JmG3Jtpx15uk28MJmwp1Ju8JNRfvPP
1MY8JmG3Jtpx15uk28MJmwp1Ju8JNRfvPP
Hey buddy thanks for that and that super kind of you. To be honest if I have the money $1 mill I cant have just sitting in my bank doing nothing, I have not verified bitstamp either. Do you know how long they usually take. Plus if I am I am going to sell them should I just not do it on local bitcoin, it would be much quicker and faster and I charge a higher price. i.e. make up for the loss?
They verified me in 4 days.It was 1 month,ago.I dont know how long takes its now.Its a better option for you to sell it on localbitcoins you just need to find the best buyer with the highest price.
as we speak i am watting to be verifed. i was going to use them as Mtgox not the same no more. but if i sell them on localbitoins, i would be making a loss right now as they could be worth more. the thing is i dont need the money but i dont want to lose it either.
Sell slowly at localbitcions but only after price stabilizes above 1000 USD.
Spend some coins buying things you would buy anyway with fiat.
Selling all coins at once at exchange is sure way to tax your income
Spend some coins buying things you would buy anyway with fiat.
Selling all coins at once at exchange is sure way to tax your income
Yes you are correct, but I just want to pay the capital gain tax, so I could keep the money to buy the flat in Chleasea it for over £50,000 I think. So will be heavy tax. But in January I have to pay tax anyway right?
1 - take the coins out via MTgox or bitstamp as I have registered with them and pay the 5,000 commissions to cash my coins out
2 - set up my own site via a PHP developer and cash out
3 - use the coins I have to buy and sell, i.e. buy high and sell low in the market (could have made $300,000 today)
4 - buy items with the goods and sell them in real life
5 - make my own site like localbitcions and pose either as seller or just use localbitons services
6 - start my own bit coin gabling/betting site
7 make my own bitcoin currency
8 spend my money on LTC and namecoins
==============================
1. Bad idea. You are better of selling them through www.localbitcoins.com. Paying 5,000 is a waste of money right?
2. What kind of site?
3. This is a nice idea (if you know what you are doing). Today is a good day to play with the market.
4. This is also a possibility, but wait until the bitcoin price rises again to maximize your profits.
5. This is the best (and 'cheapest') to sell your coins.
6. Risky, since there are loads of well established websites. It would be very hard for you to draw enough users in order to make a profit.
7. Loads of people have tried this before. You will just end up losing your money.
8. Only LTC might make you some money, but bitcoin is more stable/valueble so you are better of using BTC.
Feel free to tip if I was useful
1Fr34k5FBvqMAiEPirarD2JfZiwyC39cp7
2 - set up my own site via a PHP developer and cash out
3 - use the coins I have to buy and sell, i.e. buy high and sell low in the market (could have made $300,000 today)
4 - buy items with the goods and sell them in real life
5 - make my own site like localbitcions and pose either as seller or just use localbitons services
6 - start my own bit coin gabling/betting site
7 make my own bitcoin currency
8 spend my money on LTC and namecoins
==============================
1. Bad idea. You are better of selling them through www.localbitcoins.com. Paying 5,000 is a waste of money right?
2. What kind of site?
3. This is a nice idea (if you know what you are doing). Today is a good day to play with the market.
4. This is also a possibility, but wait until the bitcoin price rises again to maximize your profits.
5. This is the best (and 'cheapest') to sell your coins.
6. Risky, since there are loads of well established websites. It would be very hard for you to draw enough users in order to make a profit.
7. Loads of people have tried this before. You will just end up losing your money.
8. Only LTC might make you some money, but bitcoin is more stable/valueble so you are better of using BTC.
Feel free to tip if I was useful
1Fr34k5FBvqMAiEPirarD2JfZiwyC39cp7
thank you for your answer
1. i thought so too but it just be less headache, but you are right but for 1 mill
2. i was thinking a site like mtgox,bitstamp or localbitcoin
3. The thing is I dont know what I am doing so, if you tell me how much to risk. Ill pay you 2% on the profits and more deepening on how much I make
4. I may buy thing but when I sold them on ebay I would have to pay tax so i kind of lose out
5. How much do you think a site like this would cost to make and how long would it take?
6. But what if I used the new site I make to sponsor it? Would that make a difference it is like a 2 in one site.
7. I can see the risk, but how much does this cost to make.
8. the only way I see LTC going up is if it on a drug site.
You claim to have 1600 BTC, but only got 1 post. Right, I can suppose you want to stay 'hidden'.
Your from the UK? How old are you if I may ask, because indicating from your post it doesn't seem like you are from the UK at all.
If anything, you seem like your from east Europe.
So, I think this is just another troll post.
Your from the UK? How old are you if I may ask, because indicating from your post it doesn't seem like you are from the UK at all.
If anything, you seem like your from east Europe.
So, I think this is just another troll post.
no offence taken matey. i am 15 going 16 strong from Poland here my wallet check it out on blockchain
1GDCa1L4Z8DBZQv8gWK8k1HZkMdFy4mbGU