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Old computer

  • 19-12-2020 11:03pm
    #1
    Site Banned Posts: 113 ✭✭ Dunfyy
    Banned


    I bought an old computer at an auction
    It had 200 bitcoins on it
    But I don't know who the owner was .. will I have to pay taxes on them.


Comments

  • Registered Users Posts: 32,640 ✭✭✭✭ BorneTobyWilde
    Registered User


    Dunfyy wrote: »
    I bought an old computer at an auction
    It had 200 bitcoins on it
    But I don't know who the owner was .. will I have to pay taxes on them.


    200 bitcoins is worth 4m


  • Registered Users Posts: 32,640 ✭✭✭✭ BorneTobyWilde
    Registered User


    So why worry about tax. greedy are you .


  • Registered Users Posts: 691 ✭✭✭ jmlad2020
    Registered User


    Did you really find 200 Bitcoins on a computer? I can't say I believe you

    If you are a tax resident in Germany and hold Bitcoin for more than one year (I think) you can cash out tax free. I'd move there for a year. Or Singapore


  • Registered Users Posts: 1,038 ✭✭✭ rapul
    Registered User


    On a computer and not a wallet?!

    More info needed, but I smell bull


  • Registered Users Posts: 4,271 ✭✭✭ km991148
    Registered User


    rapul wrote: »
    On a computer and not a wallet?!

    More info needed, but I smell bull

    Its been a very bullish market :pac:


    (gets coat)


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  • Registered Users Posts: 1,038 ✭✭✭ rapul
    Registered User


    Someone's on the ball haha!


  • Registered Users Posts: 365 ✭✭ POBox19
    Registered User


    Dunfyy wrote: »
    I bought an old computer at an auction
    It had 200 bitcoins on it
    But I don't know who the owner was .. will I have to pay taxes on them.


    As a return on investment $4m is not bad, but you'll have to pay capital gains tax of 33% which should not be a worry.
    I'd be more concerned about who owned the computer and will they come looking for you and their cash.


  • Registered Users Posts: 1,047 ✭✭✭ Maz2016
    Registered User


    Dunfyy wrote: »
    I bought an old computer at an auction
    It had 200 bitcoins on it
    But I don't know who the owner was .. will I have to pay taxes on them.

    Would the pc not have been password protected??


  • Registered Users Posts: 11,195 ✭✭✭✭ Lex Luthor
    Registered User


    grab my shovel


  • Registered Users Posts: 2,969 ✭✭✭ NSAman
    Registered User


    I have an old computer in Ireland.

    I know I bought €20 in Bitcoin back in 2003 and never used them.

    I have a wallet. Have no idea how it worked back then, still don’t.

    Should I just write it off or how do I get into it?


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  • Registered Users Posts: 4,271 ✭✭✭ km991148
    Registered User


    NSAman wrote: »
    I have an old computer in Ireland.

    I know I bought €20 in Bitcoin back in 2003 and never used them.

    I have a wallet. Have no idea how it worked back then, still don’t.

    Should I just write it off or how do I get into it?

    2003 was very rare indeed - good vintage for coin :pac:


  • Registered Users Posts: 279 ✭✭ Mucashinto
    Registered User


    Dunfyy wrote: »
    I bought an old computer at an auction
    It had 200 bitcoins on it
    But I don't know who the owner was .. will I have to pay taxes on them.

    I think these might be mine. PM sent.


  • Registered Users Posts: 74 ✭✭ Seurat
    Registered User


    km991148 wrote: »
    2003 was very rare indeed - good vintage for coin :pac:

    Yeah it was much better than the ones from 2004 they weren’t well received in the market


  • Moderators, Category Moderators, Motoring & Transport Moderators, Regional East Moderators Posts: 59,758 CMod ✭✭✭✭ unkel
    King Elon I


    I set up a coin in 2005 myself. Had this weird guy called Toshi on the phone (I think that's what he called himself) who wanted to know all about it.

    "Wind is Ireland's oil" - An Taoiseach, 25/05/2022



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