3 ms·
I paid capital gains on my sale of 325 BTC and used the profits to buy a Butterfly Labs Monarch mining machine. I was unlucky ... BFL never got their engineeri
by nwatson 9y ago
I paid capital gains on my sale of 325 BTC and used the profits to buy a Butterfly Labs Monarch mining machine.
I was unlucky ... BFL never got their engineering straight and the machine never appeared.
I was lucky ... I demanded a refund early and got back a full cash refund.
I was unlucky ... 325 BTC today would be worth US$1.35 million had I just held on instead of buying a BFL machine.
I was lucky ... my 325 BTC was held at Mt Gox and we know those BTC all vanished.
So ... I'm glad I made some decent gains back in the day, but I sure wish I still had the 325 BTC in a legitimate and safe form.
- hossbeast 9y agoThanks for sharing (it's genuinely interesting) but seems unrelated to GP's post.
- otp124 9y agoSo, did you pay taxes on the BTC sale? I appreciate your story, but it's not really relevant. Did you comment on the wrong post?
- lathiat 9y ago> I paid capital gains on my sale of 325 BTC and used the profits to buy a Butterfly Labs Monarch mining machine. Did I miss something?