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Old computer

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  • 20-12-2020 12:03am
    #1
    Dunfyy
    Site Banned Posts: 113 ✭✭


    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.


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    #2
    BorneTobyWilde
    Registered Users Posts: 35,634 ✭✭✭✭BorneTobyWilde


    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


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    #3
    BorneTobyWilde
    Registered Users Posts: 35,634 ✭✭✭✭BorneTobyWilde


    So why worry about tax. greedy are you .


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    #4
    jmlad2020
    Registered Users Posts: 691 ✭✭✭jmlad2020


    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


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    #5
    rapul
    Registered Users Posts: 1,038 ✭✭✭rapul


    On a computer and not a wallet?!

    More info needed, but I smell bull


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    #6
    km991148
    Registered Users Posts: 4,275 ✭✭✭km991148


    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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    #7
    rapul
    Registered Users Posts: 1,038 ✭✭✭rapul


    Someone's on the ball haha!


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    #8
    POBox19
    Registered Users Posts: 638 ✭✭✭POBox19


    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.


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    #9
    Maz2016
    Registered Users Posts: 1,103 ✭✭✭Maz2016


    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??


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    #10
    Lex Luthor
    Registered Users Posts: 11,220 ✭✭✭✭Lex Luthor


    grab my shovel


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    #11
    NSAman
    Registered Users Posts: 3,386 ✭✭✭NSAman


    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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    #12
    km991148
    Registered Users Posts: 4,275 ✭✭✭km991148


    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:


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    #13
    Mucashinto
    Registered Users Posts: 321 ✭✭Mucashinto


    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.


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    #14
    Seurat
    Registered Users Posts: 98 ✭✭Seurat


    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


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    #15
    unkel
    Registered Users Posts: 64,774 ✭✭✭✭unkel


    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.


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