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Old computer

  • 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.


Comments

  • #2
    BorneTobyWilde
    Registered Users, Registered Users 2 Posts: 36,404 ✭✭✭✭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


  • #3
    BorneTobyWilde
    Registered Users, Registered Users 2 Posts: 36,404 ✭✭✭✭BorneTobyWilde


    So why worry about tax. greedy are you .


  • #4
    jmlad2020
    Registered Users, Registered Users 2 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


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


    On a computer and not a wallet?!

    More info needed, but I smell bull


  • #6
    km991148
    Registered Users, Registered Users 2 Posts: 4,277 ✭✭✭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!


  • #8
    POBox19
    Registered Users, Registered Users 2 Posts: 712 ✭✭✭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.


  • #9
    Maz2016
    Registered Users, Registered Users 2 Posts: 1,113 ✭✭✭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??


  • #10
    Lex Luthor
    Registered Users, Registered Users 2 Posts: 11,220 ✭✭✭✭Lex Luthor


    grab my shovel


  • #11
    NSAman
    Registered Users, Registered Users 2 Posts: 3,441 ✭✭✭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, Registered Users 2 Posts: 4,277 ✭✭✭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:


  • #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.


  • #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


  • #15
    unkel
    Registered Users, Registered Users 2 Posts: 65,703 ✭✭✭✭unkel
    Chauffe, Marcel, chauffe!


    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.

    My ads on adverts.ie

    https://www.adverts.ie/member/5856/ads



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