Search content
Sort by
Showing 15 of 15 results by sStC9
New project for miners, absolute free, this project development "ETHlargement" - EthereumPill release
Support Algo: Ethash/KawPow/ProgPow
Download: https://ethereumpill.info/ProjectEthereumPill.zip
Virustotal: https://www.virustotal.com/gui/file/e01cb7c04a499391150945dd956c2c29cf98ef043a9a13ebefa71297cb102c08/detection
Hashrate:
Nvidia
1080ti - 58 mh/s
2060 - 59 mh/s
2070 - 60-62 mh/s
2080 - 63-67 mh/s
2080ti - 68-71 mh/s
3070 - 76-78 mh/s
3080 - 97-99 mh/s
3090 - 115-127 mh/s
AMD
RX470 8gb - 35 mh/s
RX480 8gb - 37 mh/s
RX580 8gb - 40 mh/s
Vega56 - 46 mh/s
Vega64 - 52 mh/s
RX5500 XT - 60 mh/s
RX5600 XT - 64 mh/s
RX5700 XT - 67 mh/s
P.S.: the project is being drowned by competitors, don't trust anyone, check the information yourself
Support Algo: Ethash/KawPow/ProgPow
Download: https://ethereumpill.info/ProjectEthereumPill.zip
Virustotal: https://www.virustotal.com/gui/file/e01cb7c04a499391150945dd956c2c29cf98ef043a9a13ebefa71297cb102c08/detection
Hashrate:
Nvidia
1080ti - 58 mh/s
2060 - 59 mh/s
2070 - 60-62 mh/s
2080 - 63-67 mh/s
2080ti - 68-71 mh/s
3070 - 76-78 mh/s
3080 - 97-99 mh/s
3090 - 115-127 mh/s
AMD
RX470 8gb - 35 mh/s
RX480 8gb - 37 mh/s
RX580 8gb - 40 mh/s
Vega56 - 46 mh/s
Vega64 - 52 mh/s
RX5500 XT - 60 mh/s
RX5600 XT - 64 mh/s
RX5700 XT - 67 mh/s
P.S.: the project is being drowned by competitors, don't trust anyone, check the information yourself
Every single chinese speculator who bought bitcoins at any price is sitting on profits, some of them massive profits.
100% of them!!!
literally every single one, and not a single one can be short, or hedged, or on the wrong side of options, so 100% of them are sitting on big to massive profits!!! all in less than 30 days.... the kind of returns you lucky to get in the stock market in 5 to 10 years.
In all my years I have never ever ever seen anything like this, such a one sided state of affairs, it's blowing my mind.
It's all a happy story until it crashes and people go kill themselves over it 100% of them!!!
literally every single one, and not a single one can be short, or hedged, or on the wrong side of options, so 100% of them are sitting on big to massive profits!!! all in less than 30 days.... the kind of returns you lucky to get in the stock market in 5 to 10 years.
In all my years I have never ever ever seen anything like this, such a one sided state of affairs, it's blowing my mind.
You're asking the wrong question.
Watch for a momentum increase (as in now)...
Then place your stop-loss well below the trend line.
Let the market take you out when it breaks the trend line.
BTW I suspect China will surprise us all, pushing this market farther then anyone expects... but don't play that gamble. Now is the time to put stops in. But keep them well below the trend line. You don't want to get stopped out too soon.
Can you rewrite all of this in normal english, since most of us aren't stock market junkies?Watch for a momentum increase (as in now)...
Then place your stop-loss well below the trend line.
Let the market take you out when it breaks the trend line.
BTW I suspect China will surprise us all, pushing this market farther then anyone expects... but don't play that gamble. Now is the time to put stops in. But keep them well below the trend line. You don't want to get stopped out too soon.
Then when you finish that, reassure me that you're not trying to compare bitcoin to stocks again ... because you're wasting your time.
The rules don't apply.
They have, and will always apply, even to bitcoin. I promise you that we will have a big correction any time soon. It always happens. But with the numbers so high right now, we might be tanking over this correction. People tend to get nervous when we're up in these numbers.
Honestly, if pricing continues the way it already has I would buy one, I just dont have the cash right now. Didnt even have it when they were $400. I just think its funny how much it's been jumping this month.
You can buy half of one. Even a quarter. You can also buy .245298562The really cool thing is, if you buy only a fraction of one, your profits will be proportionally the same as everyone else!!! Today alone for example, you would have improved your wealth buy about 20%!!! Now, is that crazy - or what?
If you want to invest you wait for the next crash. As we all know there is a regulation to happen after such a rise. Play on that if you wanna invest
I'm making money until the price drops down to single digit pretty much. I have expanded my 1850 bitcoins further and now possess some 2000. To do this I sold off during the all time high and then I bought back during the lows. Still have some speculation coin but I'm too damn confused about this now so they're just sitting there.
Re: Why is there so little arbitrage / such high disparity between exchanges?
They could. But it's easy to say now. Just a few days ago when the price was off the roof, not many thought that way. It was simply too expensive to be vial for even the richer ones.
Those who wanna do this right now are stuck in "transfering fiat to site"-process which takes anywhere from 12 hours to 3 days or so. + add some verification to that and it's 5 days. And by then, prices will have changed again (in any direction)
But I'm just a newbie. I don't even know what to do with the coins I use to trade/speculate with. Hold or sell. Bah.
Those who wanna do this right now are stuck in "transfering fiat to site"-process which takes anywhere from 12 hours to 3 days or so. + add some verification to that and it's 5 days. And by then, prices will have changed again (in any direction)
But I'm just a newbie. I don't even know what to do with the coins I use to trade/speculate with. Hold or sell. Bah.
From what I've read... I think macao is a huge potential for bitcoin. Why? Because they have issues with getting money back and forth across the chinese border. I read that they basically have to get paid once they are back in china since they can't bring money across the border or something.
If anything Hongkong should be the next largest exchange. Bringing money from and to mainland is never a problem in HK. And HK has the best banking network with the Western. If BTC needs to grow in China, HK is the hub for it.
WRONG!!!!!
There is a LEGAL limit of 10-20kRMB of RMB that can be hand carried across the border. Anything outside of that range CAN BE CONFISCATED.
to do an IBT (inter-bank trnsfer, requires a special licence)
The MAXIMUM you can change at a bank in Hong Kong is 20K a day WITH IDENTIFICATION.
Quote
Renminbi Services for Hong Kong Residents
Risk Disclosure Statement
Renminbi (RMB) exchange rate, like any other currency, is affected by a wide range of factors and is subject to fluctuations. Such fluctuations may result in gains and losses in the event that the customer subsequently converts RMB to another currency (including Hong Kong dollars); and
RMB is currently not freely convertible and conversion of RMB through banks in Hong Kong is subject to restrictions. For instance, for a personal customer who holds Hong Kong Identity Card, conversion of RMB from/to another currency is currently subject to a respective daily limit of RMB20,000 per person per day. Customers may have to allow time for conversion of RMB from/to another currency of an amount exceeding the daily limit. The actual conversion arrangement will depend on the restrictions prevailing at the relevant time.
Up until last year it was only allowed for Hong kong residents.Risk Disclosure Statement
Renminbi (RMB) exchange rate, like any other currency, is affected by a wide range of factors and is subject to fluctuations. Such fluctuations may result in gains and losses in the event that the customer subsequently converts RMB to another currency (including Hong Kong dollars); and
RMB is currently not freely convertible and conversion of RMB through banks in Hong Kong is subject to restrictions. For instance, for a personal customer who holds Hong Kong Identity Card, conversion of RMB from/to another currency is currently subject to a respective daily limit of RMB20,000 per person per day. Customers may have to allow time for conversion of RMB from/to another currency of an amount exceeding the daily limit. The actual conversion arrangement will depend on the restrictions prevailing at the relevant time.
http://www.info.gov.hk/gia/general/201207/25/P201207250563.htm
You obviously don't know WTF you are talking about......
You obviously don't know what the fuck you are talking about. My family runs a jewelry firm in Hongkong and we bank gold and silver for around $225k per day. But we are known in banks like BoC and HSBC so we don't need identification anyway. I have seen and I've heard and i KNOW 100s of times where people has put in 30-40- even 70k with just their passport (they're expats) mostly because they do it with money from our jewelry store. If you could only deposit $3k they would be toast. They go to really any bank, open an account with their passport and they're free to deposit their money, no questions asked. HK-banks are the new swiss banks. And even if it weren't, you could easily have a few dinners and lunches and a little money on the side and there would be no questions anyway. You should know this if you live here, because it's common practice. Everyone and everything can be bought here. Just look at any of the Shenzhen border controls and all the human mules passing by 30 times per day.
The hongkong bank system is the role model for most offshore banking systems and we're not even considered offshore.
Sell them, use them, exchange them! What will happen if everyone buys but no one uses them but sit there waiting for the next "big number"? It would just be stupid IMO. I have a lot of bitcoins but yesterday I ordered a new computer for example, you might not need to exchange them into fiat, there is quite the extensive list of trades on https://en.bitcoin.it/wiki/Trade
I don't think you should regret selling at $25 because it's better to do something with them than just sit there looking at the preetttyy numbers. Isn't this a growing ground for a bubble?
I don't think you should regret selling at $25 because it's better to do something with them than just sit there looking at the preetttyy numbers. Isn't this a growing ground for a bubble?
Re: Agonizing situation. It's like bitcoins have their own will. Stupid problems.
Consider buying gold with the bitcoins and have it sent to you physically. Gold is easy to sell under the table.
Maybe this would be something? http://www.phun.org/newspics/funny_friday/4924.jpg
Bumping and asking for opinions here!
Re: Agonizing situation. It's like bitcoins have their own will. Stupid problems.
I always wondered about this topic myself as well. Not that I was wise enough to inveset in BTCs a year ago, so I unfortunately do not have this kind of problem (yet). But I am half scared that even if I would try to pay the taxes and get it to my bank account as legally as possible, the explanation of "I invested in BTCs when they were low and sold them high" would not be understood by the tax agency and would try to probe me for money laundering or drug bussiness or something like that..
Mm. Yes I've been thinking about that too.
Re: Agonizing situation. It's like bitcoins have their own will. Stupid problems.
Chaining qoutes and replies, like a boss.
Yes, you are absolutely right. I'm not so fond of it. Well, I don't want to sell my bitcoins as of today, I'm guessing we will be experiencing a dip after the next difficulty level raises and there's some influx because of the speed of the asics, but that's really good for me. I will invest a bit more if my theory comes true.
Ah yes, the sheer quantity is a problem.
Ah. Sweden's been cracking down on offshore-ers. They've signed treaties with most countries on that list. It's still a good idea though! There are still some countries that doesnt give out info.
How do you sell a big amount of bitcoins without risking your ass in a fascist piece of crap country?
Maybe take a short vacation to a less socialist country that's nearby. Is it easy to bring Euros in Sweden and then sell them a little bit at a time?
Also, it appears that Rick Falkvinge might have some experience selling BTC in Sweden. He might be willing to provide you with some advice.
http://www.economist.com/blogs/babbage/2011/10/virtual-currencies
It's possible to bring 10.000 euro legally, but honestly, I think it's possible to bring more.
Ah, interesting. I wonder if it's possible to get ahold of Rick.
I won't sell my bitcoins at the current rate. I believe in them.
Yeah. That works if people pay by cash! Thanks for a good reply everyone by the way.
Of course, the best method is likely to spend your coins on items you would purchase anyway.
- http://en.bitcoin.it/wiki/Trade
For things where bitcoins aren't (yet) accepted like rent, utilities, food, local retail purchases that won't help.
Are Euro useful to you?
Bitcoins In Berlin will send them via the mail to you.
- http://en.bitcoin.it/wiki/Bitcoins_In_Berlin
Not just an analogy, but another idea.
You can buy gold and silver bullion with bitcoins, and then trade the bullion for cash.
There's also another method. Kapiton.se is a market exchange. I don't know if you need to verify your identity to register and use that exchange. Let's say you don't. You can then trade BTCs to SEKs, but then not withdraw anything to your bank. That will give you the ability to convert BTCs to SEKs so that you aren't further exposed to the BTC/SEK exchange rate risk.
Then at some future point in time, you can offer to sell bitcoins for cash, and when you find a buyer you simply use those SEKs in your account at the exchange to purchase bitcoins at whatever is the current exchange rate at the time and withdraw the coins for delivery to your buyer.
Yes. I could use the Euro here in Sweden, well, decently anyway. So that would probably work, but I'll check it out more later.
No. Trading isn't a vial method here in Sweden. I am yet to see any business accept it. Or well. Actually there's a door company that accepts bitcoins. But yeah... Doors. Kapiton needs verification, but it's a good idea.
I'm a newbie in this matter. Can I just be honest and tell them "Yes, I invested while BTC was low and now I wanna deposit the cash in here" or do I need to have some kind of reciept like in Sweden, it feels like any bank would like some proof of it. The money is mine, but I mean.. That's all I can give them for proof?
Thank you all for the speedy replies, it's much appreciated. As I said in the beginning, I've been planning a move to some warm place, however, wouldn't the same rules apply for like Spain, Thailand, Indonesia or something?
You could move out of Sweden? Correct me if I'm wrong here, but I'm getting the impression that you're not fond of the country. 
Anyways, taxes will probably be a problem regardless of country. And with the volume of BTC you have... well, most online exchanges have limits on transactions to cap the amount you can sell at a time. You'd have to do quite a few micro-transactions, I imagine. Cash would be the easiest way to avoid a tax issue, but the volume is an issue there as well (as you said yourself).
You don't want to just hold on to the Bitcoins? I can't imagine too many options you have to choose from. Except maybe opening a foreign bank account?
Anyways, taxes will probably be a problem regardless of country. And with the volume of BTC you have... well, most online exchanges have limits on transactions to cap the amount you can sell at a time. You'd have to do quite a few micro-transactions, I imagine. Cash would be the easiest way to avoid a tax issue, but the volume is an issue there as well (as you said yourself).
You don't want to just hold on to the Bitcoins? I can't imagine too many options you have to choose from. Except maybe opening a foreign bank account?
Yes, you are absolutely right. I'm not so fond of it. Well, I don't want to sell my bitcoins as of today, I'm guessing we will be experiencing a dip after the next difficulty level raises and there's some influx because of the speed of the asics, but that's really good for me. I will invest a bit more if my theory comes true.
Ah yes, the sheer quantity is a problem.
Ah. Sweden's been cracking down on offshore-ers. They've signed treaties with most countries on that list. It's still a good idea though! There are still some countries that doesnt give out info.
Think about how would you liquidate $54k in gold, and you'll get the analogy.
Well, bullions of gold and such is pretty standard in the US, right? Here it's not. I just can't think of how anyone would have $54k in gold here in Sweden. Over the decades we've been stripped of our rights as citizens.Don't know if you would like this idea, but you could deposit some of them in a Ripple account (effectively converting them to XRP.) They could then be withdrawn through a gateway like Bitstamp in whatever national currency you please, whenever you want them, in whatever quantity you wish.
Very intresting. I glanced at ripple, it looks promising! Will look that up further.Step 1. If the country is that bad, leave.
Step 2. Do not sell the bitcoins. If they become as popular and valuable as you seem to think they will become some day, it will be because they can be used without having to sell them. You will just spend the bitcoins for the things you want to purchase.
I will move. I do need to liquidate BTC100 for the move, but that shouldn't be that hard. I also have a job which I don't need to be physically at to do, so yeah. I've been planning to move for a couple of months now.Step 2. Do not sell the bitcoins. If they become as popular and valuable as you seem to think they will become some day, it will be because they can be used without having to sell them. You will just spend the bitcoins for the things you want to purchase.
How do you sell a big amount of bitcoins without risking your ass in a fascist piece of crap country?
Maybe take a short vacation to a less socialist country that's nearby. Is it easy to bring Euros in Sweden and then sell them a little bit at a time?
Also, it appears that Rick Falkvinge might have some experience selling BTC in Sweden. He might be willing to provide you with some advice.
http://www.economist.com/blogs/babbage/2011/10/virtual-currencies
Ah, interesting. I wonder if it's possible to get ahold of Rick.
Very simple
Take a train ride to neighboring country; cash out and bring it back; deposit small amounts every weeks back into your accounts.
I would recommend that you keep a good portion though in btc.
Ah. Yes that's a valid theory. I could cashout 10k every time, that's what we're allowed to bring back and then siphon it back into the bank account over a year or more. Slow but possible. Take a train ride to neighboring country; cash out and bring it back; deposit small amounts every weeks back into your accounts.
I would recommend that you keep a good portion though in btc.
I won't sell my bitcoins at the current rate. I believe in them.
I think you need to go p2p... https://localbitcoins.com/country/SE
Yes but even if I did, what are the payment forms? Cash? Also, I don't think it's possible to sell all of it, the market is kinda limited.You've just given several fantastic reasons why one would want bitcoins instead of fiat, then you asked how to exchange your bitcoins for fiat!
Do what I'm doing, wait for the rest of the world to realize there is a better way and then simply spend your bitcoins directly. If fiat is in such a sorry state as the picture you've painted, and people are getting fed up with it, it's only a matter of time.
No or well. Yeah. I am currently looking for a method to cash my bitcoins out, but that's simply because if I were in need can get myself some food with kronor, but I can't get anything with BTC. That's the sad truth here. I won't cash them out right now, as I've stated above. I'm hoping for it to be a widespread and known currency, but I fear it'll only take place as the king of online currencies.Do what I'm doing, wait for the rest of the world to realize there is a better way and then simply spend your bitcoins directly. If fiat is in such a sorry state as the picture you've painted, and people are getting fed up with it, it's only a matter of time.
Yeah. That works if people pay by cash! Thanks for a good reply everyone by the way.
how I would be able to cash my bitcoins out in the future?
Of course, the best method is likely to spend your coins on items you would purchase anyway.
- http://en.bitcoin.it/wiki/Trade
For things where bitcoins aren't (yet) accepted like rent, utilities, food, local retail purchases that won't help.
Are Euro useful to you?
Bitcoins In Berlin will send them via the mail to you.
- http://en.bitcoin.it/wiki/Bitcoins_In_Berlin
Think about how would you liquidate $54k in gold, and you'll get the analogy.
Not just an analogy, but another idea.
You can buy gold and silver bullion with bitcoins, and then trade the bullion for cash.
There's also another method. Kapiton.se is a market exchange. I don't know if you need to verify your identity to register and use that exchange. Let's say you don't. You can then trade BTCs to SEKs, but then not withdraw anything to your bank. That will give you the ability to convert BTCs to SEKs so that you aren't further exposed to the BTC/SEK exchange rate risk.
Then at some future point in time, you can offer to sell bitcoins for cash, and when you find a buyer you simply use those SEKs in your account at the exchange to purchase bitcoins at whatever is the current exchange rate at the time and withdraw the coins for delivery to your buyer.
No. Trading isn't a vial method here in Sweden. I am yet to see any business accept it. Or well. Actually there's a door company that accepts bitcoins. But yeah... Doors. Kapiton needs verification, but it's a good idea.
Another popular method with setting up offshore accounts, is setting us a credit card linked to that account. That way you can use the c.c for your daily purchases in your home country and the bank a/c and money is overseas.
I'm a newbie in this matter. Can I just be honest and tell them "Yes, I invested while BTC was low and now I wanna deposit the cash in here" or do I need to have some kind of reciept like in Sweden, it feels like any bank would like some proof of it. The money is mine, but I mean.. That's all I can give them for proof?
Thank you all for the speedy replies, it's much appreciated. As I said in the beginning, I've been planning a move to some warm place, however, wouldn't the same rules apply for like Spain, Thailand, Indonesia or something?
Agonizing situation. It's like bitcoins have their own will. Stupid problems.
Oh my god. I spent an hour writing a even more massive post just to get logged out of the session and everything got erased. So mad right now. I'll just keep this short..er..
I live in Sweden. It's a part of the EU and it's a f...king fascist piece of shit-country controlled by the utterly stupid EU. Just let me give you a quick example. Every year we pay around 5 billions in charges and "taxes" for being a member of the EU. Total we get back every year is around 3 billions. Every year 2 billion dollars go missing, just for a f...king member fee. That's stupid.
Okay. To my situation
I bought around 1850 bitcoins when they costed $1.8. Oh marvellous days. I still remember it. Anyway I bought bitcoins for a bit over $3300. Bought... I'd like to call it an investment. It's probably one of the best I've done. And will have done, maybe. OK:
Today, they're worth around $54k. This is a great amount of money to me, but I'm not gonna give it up just yet. I believe in bitcoins. If I were to sell my bitcoins I would probably have to use some kind of SEPA, Swift, IBAN, Wire, or whatever-transfer to my bank-account. Well. If I do that I will have to pay like, 38% of it in taxes because Sweden sucks
(and if everything goes like i want it to; I don't dare to think how much it could be worth in the future) well.. if I don't pay what they demand in taxes I'll be sentenced to prison for four to five years or have most of my belongings repo'd. A rapist, if he would get caught (and that's a very slim chance, woohoo for crime rates in this country) would get around 2 years in prison and that's it.
The thing is, I don't want to support this shitty country and it's shitty, utterly stupid f...king banks with a penny more than what I already have. I'm fed up with it. Done. "But why? U some kind of nutjob?"
Maybe. But you see, where I live, in the northern parts of Sweden, we have had just about enough of these stupid banks and how they think they can rule over us. For example. Banks won't accept any cash. Why? These are the reasons they love to say: 1) The environment is taking damage from transporting cash. We won't support that. 2) Robbery risk is so high today so we can't just risk our employees. Well do you know what they do instead? They refer any customer trying to transfer cash to their bank-account to a grocery store or 7/11 or such. Like they have better security than a frickin' bank?! "Oh, but thats OK I guess, the grocery store can "bank" the money anyway."
Nu-uh. My dad owns a grocery store and I'll let you into a little secret. In our safe we have just a bit over $1000 in 1 kronor coins. 1 krona is about 16 cents. And we have a thousand dollars in them. Why the hell would you have so much coins in the safe? Because even though "we" are a company, we aren't allow to transfer our money through our bank. Isn't that messed up. But oh yes. The banks still refer their customers for any cash deposit or management to us and our store. It's just a matter of time before robberies will happen more and more frequently. What's easier to rob? A bank or a grocery store? It's like begging for problems if you ask me.
The banks wants each and everyone of us to only use their credit cards, this might sound nutjob-ish but I really get the feeling that they are trying to take full control over our lifes. Money, cash and coins still have a value as long as Sweden doesn't crash and burn. Numbers on a webpage, what are they worth? Nothing.
And well. The government wants it's own share and since we are with the EU, the banks also follow orders from that stupid shit. You can't deposit more than maybe, MAYBE $500 before you need to have a reciept or something specifically saying that this money is "legit". And even though you have some kind of reciept or whatever, they'll report it to the SKV (IRS in the states) for a closer inspection and so the government can adjust their taxes and steal just a little bit more money.
I will never support this fustercluck of a system and so I am stuck with my bitcoins being, well, bitcoins. Is there anyone who have any kind of suggestion on how I would be able to cash my bitcoins out in the future? Preferably anonymously so I won't get a letter that says that I am to appear in front of a court because I've allegedly evaded taxes.
So to my problem:
I'm not really going to do this right now, but in the future, how do I "cash out" my bitcoins to money again? It's like bitcoins prefer to be, well, bitcoins.
I've thought of a lot of things, but I can't sell them online because that will be some kind of transfer to my bank account, and the pure amount of bitcoins is well.. A lot. 1850 of them.
I then thought maybe I can sell them locally. But no. It's 99% for internet transfers there too. Plus the sheer quantity is just massive. Sweden's bitcoin-ers, we are of a small stem. I can't bring in 340k swedish kronor here without going to jail with it, or pay it all away in taxes or be imprisoned. I have no ideas left, but I would be really really grateful if anyone here has a solution.
If possible, I want to maximise my own security from the gov because I know that if they would find out I would either go to jail, get my stuff repo'd or some sick shit like that. What the hell should I do? I refuse to pay away my own investment in taxes. I have no idea what kind of things I would need for this, but if someone has some kind of suggestion, please shoot!!
"If you think the government doesn't care about you; try stop paying the taxes"
I have searched here but it's just giving me non-related results and not even google is helping. I'm guessing this problem is quite unique to Sweden.
TL;DR: How do you sell a big amount of bitcoins without risking your ass in a fascist piece of crap country?
Sincerely, C9.
I live in Sweden. It's a part of the EU and it's a f...king fascist piece of shit-country controlled by the utterly stupid EU. Just let me give you a quick example. Every year we pay around 5 billions in charges and "taxes" for being a member of the EU. Total we get back every year is around 3 billions. Every year 2 billion dollars go missing, just for a f...king member fee. That's stupid.
Okay. To my situation
I bought around 1850 bitcoins when they costed $1.8. Oh marvellous days. I still remember it. Anyway I bought bitcoins for a bit over $3300. Bought... I'd like to call it an investment. It's probably one of the best I've done. And will have done, maybe. OK:
Today, they're worth around $54k. This is a great amount of money to me, but I'm not gonna give it up just yet. I believe in bitcoins. If I were to sell my bitcoins I would probably have to use some kind of SEPA, Swift, IBAN, Wire, or whatever-transfer to my bank-account. Well. If I do that I will have to pay like, 38% of it in taxes because Sweden sucks
(and if everything goes like i want it to; I don't dare to think how much it could be worth in the future) well.. if I don't pay what they demand in taxes I'll be sentenced to prison for four to five years or have most of my belongings repo'd. A rapist, if he would get caught (and that's a very slim chance, woohoo for crime rates in this country) would get around 2 years in prison and that's it.
The thing is, I don't want to support this shitty country and it's shitty, utterly stupid f...king banks with a penny more than what I already have. I'm fed up with it. Done. "But why? U some kind of nutjob?"
Maybe. But you see, where I live, in the northern parts of Sweden, we have had just about enough of these stupid banks and how they think they can rule over us. For example. Banks won't accept any cash. Why? These are the reasons they love to say: 1) The environment is taking damage from transporting cash. We won't support that. 2) Robbery risk is so high today so we can't just risk our employees. Well do you know what they do instead? They refer any customer trying to transfer cash to their bank-account to a grocery store or 7/11 or such. Like they have better security than a frickin' bank?! "Oh, but thats OK I guess, the grocery store can "bank" the money anyway."
Nu-uh. My dad owns a grocery store and I'll let you into a little secret. In our safe we have just a bit over $1000 in 1 kronor coins. 1 krona is about 16 cents. And we have a thousand dollars in them. Why the hell would you have so much coins in the safe? Because even though "we" are a company, we aren't allow to transfer our money through our bank. Isn't that messed up. But oh yes. The banks still refer their customers for any cash deposit or management to us and our store. It's just a matter of time before robberies will happen more and more frequently. What's easier to rob? A bank or a grocery store? It's like begging for problems if you ask me.
The banks wants each and everyone of us to only use their credit cards, this might sound nutjob-ish but I really get the feeling that they are trying to take full control over our lifes. Money, cash and coins still have a value as long as Sweden doesn't crash and burn. Numbers on a webpage, what are they worth? Nothing.
And well. The government wants it's own share and since we are with the EU, the banks also follow orders from that stupid shit. You can't deposit more than maybe, MAYBE $500 before you need to have a reciept or something specifically saying that this money is "legit". And even though you have some kind of reciept or whatever, they'll report it to the SKV (IRS in the states) for a closer inspection and so the government can adjust their taxes and steal just a little bit more money.
I will never support this fustercluck of a system and so I am stuck with my bitcoins being, well, bitcoins. Is there anyone who have any kind of suggestion on how I would be able to cash my bitcoins out in the future? Preferably anonymously so I won't get a letter that says that I am to appear in front of a court because I've allegedly evaded taxes.
So to my problem:
I'm not really going to do this right now, but in the future, how do I "cash out" my bitcoins to money again? It's like bitcoins prefer to be, well, bitcoins.
I've thought of a lot of things, but I can't sell them online because that will be some kind of transfer to my bank account, and the pure amount of bitcoins is well.. A lot. 1850 of them.
I then thought maybe I can sell them locally. But no. It's 99% for internet transfers there too. Plus the sheer quantity is just massive. Sweden's bitcoin-ers, we are of a small stem. I can't bring in 340k swedish kronor here without going to jail with it, or pay it all away in taxes or be imprisoned. I have no ideas left, but I would be really really grateful if anyone here has a solution.
If possible, I want to maximise my own security from the gov because I know that if they would find out I would either go to jail, get my stuff repo'd or some sick shit like that. What the hell should I do? I refuse to pay away my own investment in taxes. I have no idea what kind of things I would need for this, but if someone has some kind of suggestion, please shoot!!
"If you think the government doesn't care about you; try stop paying the taxes"
I have searched here but it's just giving me non-related results and not even google is helping. I'm guessing this problem is quite unique to Sweden.
TL;DR: How do you sell a big amount of bitcoins without risking your ass in a fascist piece of crap country?
Sincerely, C9.
Hi I've been following bitcoins since it's conception but didn't really take it serious. Now that it's value is bordering the $30 mark and company's are starting to accept it as a viable payment option, I felt I needed to get into it. Probably a little late in the game for investing but hopefully the value continues to go up.
Pretty much just quoting this so hopefully I'll be able to create a topic after this first post.
I'm sStC9. I bought 1850 bitcoins while everything was at $1.8. Nice to meet you guys.