[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 90 KB, 768x1024, 1612938570048.jpg [View same] [iqdb] [saucenao] [google]
28451335 No.28451335 [Reply] [Original]

How do you actually cash out?

>> No.28451389

Wire transfer to your bank

>> No.28451395

>>28451335
You press sell. The question is why would you want to when FIAT is devaluing further every day and crypto is pumping?

>> No.28451409

sent your coins to me and i will post you the cash
i can also email it to you but it costs extra

>> No.28451427

>>28451335
BOOBA

BZB+1

>> No.28451428

>>28451335
You don't
thats the thing everyone will never tell you. No one has actually ever cashed out

>> No.28451480

>>28451335
cash out?

>> No.28451496

>>28451335
Why would you cash out?
The dollar is gonna be used to start fires on the streets pretty soon

>> No.28451538

>>28451389
You want to be taxed for all your gains?

>> No.28451545

Use a Bitcoin ATM.

>> No.28451555

>Be burger
>Cash out to foreign bank

What could go wrong

>> No.28451557

>>28451335
you didnt actually think you could cash out your imaginary tokens anon, did you?

>> No.28451601

>>28451395
>▶
>>>28451335 (OP)
this
If you do cash out, do it for a minimum amount, to avoid taxes, keep the rest in crypto.
Fiat is devaluing every day, crypto is pumping every day.
Anyway this is not a financial advice, and I hope retarded zoomers like you never come back.

>> No.28451610
File: 72 KB, 900x594, 1605439897650.jpg [View same] [iqdb] [saucenao] [google]
28451610

>>28451335
Buy goods and services which you desire. Computers, cars, air tickets, food, rent, women.
That is all money is good for, and you can do it with crypto direct with a modicum of effort

>> No.28451625

>he thinks he can get real money from his compiter coins
o i am laffin

>> No.28451637

Find a casino that allows crypto

>> No.28451653

>>28451335
>cash out
>willingly exchanging my coins for shit that's going to inflate like a fucking balloon
Why would I want to do that?

>> No.28451741

>>28451335
convert to ethereum, send to coinbase.

>> No.28451765

>>28451335
You can't. Wait, you're just learning this now?! Like Ramsey said, it's FUNNY. MONEY. You had literally four (4) years to listen and learn from the FINANCIAL EXPERT himselph.

>> No.28451848

>>28451335
>click 'withdraw'
>click USD
>click bank account
>either click 'max' or type in the amount if the amount you wish to withdraw is less than the max on the books
>click 'withdraw USD'

>> No.28451867

>>28451765
My coins are doing better then I deserve

>> No.28451874

>>28451538
That wasn't the question you monumental fucking faggot.
That's how you cash out.
Taxes are for cucks from cuck nations.
Most of us live in developed prosperous countries, not the United Cucks of America where you don't actually own your own money.

>> No.28451876
File: 3.82 MB, 196x388, 1613023649809.gif [View same] [iqdb] [saucenao] [google]
28451876

>>28451335
>cash out

>> No.28451905
File: 93 KB, 820x441, 1613079713418.jpg [View same] [iqdb] [saucenao] [google]
28451905

Crypto is a fucking SCAM between all the fucking failed gas fees, transaction fees, and then worst of all fucking 60% OF YOUR GODDAM GAINS ARE TAXED
WHY
THE
FUCK
AM
I
IN
CRYTO

>> No.28451909

Trade for IOTA

>> No.28451919

I want to but I really just want more sats

>> No.28451930

I cash out USD into my crypto wallets.

>> No.28451986

>>28451874
cope

>> No.28452082

>>28451876
Say his fucking name

>> No.28452126

>>28451335
oh g-god
imagine thats your daughter in your lap
haha

>> No.28452260

>>28452126
That's a man

>> No.28452287

>>28452082
hideo kojima

>> No.28452308

>>28451905
Is 60% tax a thing?

>> No.28452352

>>28451335
coinmetro
why would you cash out tho? just get a crypto debit card

>> No.28452392

Crypto visa

>> No.28452406

I had a friend who cashed out awhile back, haven't seen him in years though so not sure

>> No.28452459

>>28452308
If you cash out more than 600k

>> No.28452505

Has anyone wire transferred to their bank acc?

>> No.28452546

>>28451335
Cashing out is a meme. We're here forever.

>> No.28452577

You purchase Bitcoin with dollars or Monero with Bitcoin (or dollars in some places)

You’re thinking in the wrong direction.

But if you want a real answer? Wire transfer or buy precious metals with your BTC.

>> No.28452621

Step 1: Send coins to whatever exchange that offers withdrawals to your bank (Coinbase, kraken, Shake-pay etc)
Step 2: use the E-Transfer option, or the paypal option,
Step 3: Call your bank or set up a meeting at your local branch and say you are going to be withdrawing profits you have made from cryptocurrency and would like to know about any daily limits there might be for withdrawals and ask to setup an account to put aside money you owe in taxes (you are going to be paying taxes anyway if you do this option)
Step 4: Withdraw a modest amount of money daily to prevent your bank from freaking out and shutting the account down (like 10K a day should suffice)

>> No.28452650

>>28451335
Start by drafting a letter to the IRS saying that you intend to evade as many taxes on your funny money gains as possible, because thats what you might as well be doing with whatever dog shit tier retarded plan you have in your head.

>Cash out

LOL

>> No.28452667

>>28452505
This. What were the taxes? And for what amount?

>> No.28452666

>>28452546
what about buying a house or something like that?

>> No.28452697

>>28451335
i cash out each month in small portions, like 300 usd per month - its a lot in my country.
And with that fiat im buying silver bars.
Pretty comfy if you ask me.

>> No.28452775

>>28451610
How do I buy a house without paying taxes on my crypto

>> No.28452804

>>28452621
Is this true?

>> No.28452841

>>28451741
>you didnt actually think you could cash out your imaginary tokens anon, did you?
This. I have nightmares about sending my 100,000 dollars worth of Ethereum to the wrong address and Being completely fucked.

>> No.28452865

>>28452775
You don't

>> No.28452880

>>28452804
Why would that not be true?

>> No.28452945

>>28452865
Fuck I'm gonna have to double my entire wallet then. God damnit.

>> No.28453067

>>28451986
dont forget to fill your taxes + tip americuck

>> No.28453126

>>28451335
>cash out.
What is this?

>> No.28453294

>>28452775
>>28452865
You borrow against your cryto

>> No.28454158

You NEVER cash out, because you will be selling your crypto to the U.S. Govt with the bills and a tax-event.

Just keep buying and wait a year until there are more merchants that accept crypto. You will be filthy rich and get any car delivered to your door.

>> No.28454172

>>28452505
I've cashed out $7000 in 2016 and $7000 in 2017. Both wires to my bank account. Declared them as property and got taxed like 20%. Since then I haven't cashed out anything and the filing rules have changed. I honestly think you're fine cashing out like $10k a year without declaring it since IRS is probably backed up 50 years.

>> No.28454175

>>28451335
>she

>> No.28454253

>>28454158
You pay taxes on goods purchased with crypto according to the tax code, as that event counts as taking profits. You're going to have to explain where your new car or house came from if they dig into your assets.

>> No.28454374

>>28451335
In hirny

>> No.28454405

>>28454253
They should stop declaring that they own my property.

Also lookup longterm capital gains.

>> No.28454433

cool it with the booba

>> No.28454437

To add further:

In the USA, crypto is treated as property. As a result, all crypto transactions and trades are taxable events. ... As a result, in the USA, trading one cryptocurrency for another is equivalent to selling one asset and buying another. Therefore, a capital gain (or loss) must be recorded and claimed on your taxes.

Crypto to crypto is a taxable event in the United States. So swingers literally get the rope. Big daddy government wants to suck every last drop from your gains cock. It's criminal.

>> No.28454527

>>28451335
You don't this is all a minigame.

>> No.28454626

>>28452666
you'll be able to buy it directly with crypto

>> No.28454639

>>28454172
cash out 9999 just to be sure

>> No.28454738

>>28454437
damn so the day of the rope really is coming bobo wasnt just memeing all along

>> No.28454745

>>28451335
>Not posting the webm
Guess I’ll have to

>> No.28454758

>>28454626
please explain

>> No.28454841

>>28452082
John Cena

>> No.28454902

>>28454745
please do

>> No.28454971

>>28454758
transfer me 5 bitcoins and I will transfer you housecoin

>> No.28454989

>>28451335
you dont, you can already buy Tesla cars for Bitcoin

BZB+1

>> No.28454990

>>28452459
at once?

>> No.28455000

>>28451335
set up a front and launder crypto through that.

>> No.28455111

>>28454745
please do x2

>> No.28455139

>>28451427
>BOOBA

>> No.28455226
File: 83 KB, 868x751, 1589670205728.jpg [View same] [iqdb] [saucenao] [google]
28455226

anyone else trading crypto for metals?

>> No.28455254

>>28451335
I request a check from the brokers, I get the check in 3-5 business days, then I go to the bank and deposit it in my checking/banking account.

>> No.28455293

>>28454989
That transaction is a capital gain and subject to taxation. Uncle Sam coming for you. Coming for us all....

>> No.28455334

>>28452577
Checked. This is the answer. Buy precious metals with dealers that take crypto. Some times cheaper than a debit/credit transaction.

>> No.28455335

>>28451555
use a blender and youre good.

>> No.28455349

>>28455226
you can do this directly
idk about burgers, the irs is pretty scary
but you can mix btc and just buy silver
don't do that of course haha

>> No.28455399

>>28454745
please do x3

>> No.28455507

>>28454639

Accountant here, not an auditor but coworkers tell me that raises even more red flags than 10k

>> No.28455577

>>28451601
>not financial advice
>gives financial advice
>oh also you're a zoomer fuck off

>> No.28455624

im out some to buy precious metals.

>> No.28455656
File: 261 KB, 1078x619, 1595294079241.png [View same] [iqdb] [saucenao] [google]
28455656

>>28452577
checked and based

>> No.28455763

>>28454745
do it fgt

>> No.28455854

>>28454745
do it before the thread dies

>> No.28455919

>>28455507
>doing 9999 with transfers, deposits, etc..
Can be used to prove intent if done enough. Then the rape happens.

>> No.28455987

>>28454745
there is no webm
otherwise post it

>> No.28456053

>>28452577
isn't buying precious metals with crypto a taxable event in the USA?

>> No.28456095

>>28454745
Sir do the needful

>> No.28456131

Move it all to America's Cardroom
Post on 2+2 poker forum that you want to swap some funds in ACR for cash
Wait for response from players with cash on hand
Meet up, transfer balance on ACR/Player brings Cash

No taxman involved

>> No.28456164

>>28455507
yep, cause now you are actively avoiding taxes instead of just forgetting them

>> No.28456253

>>28451335
Sell your crypto on paxful or localbitcoins to people who can't buy it through exchanges.

>> No.28456265

>>28451601
Didn’t u fags lose all ur money in GME already?

>> No.28456283

>>28454745
you fucking faggot POST IT

>> No.28456286

>>28456131
Based bookie

>> No.28456307
File: 76 KB, 512x342, unnamed.jpg [View same] [iqdb] [saucenao] [google]
28456307

What if I buy MTG cards with crypto and just sell those?

>> No.28456342

>>28456265
Who the fuck actually lost money on GME

>> No.28456369

women doing borderline gay stuff with each other like sitting on each others lap and spanking each other is the hottest shit ever

>> No.28456401

>>28456053
It's two taxable events. You are selling your crypto for dollars and then spending those dollars for a physical product.

>> No.28456533

>>28452082

Satoshi Nakamoto

>> No.28456580

>>28452082
Hideo Miyagi

>> No.28456610

>>28456401
even if the vendor accepts crypto as payment?

>> No.28456637

>>28451335
Realistically can I move to Zambia and then cash out and live on all my gains without taxes? No way their tax system is integrated enough to detect that kind of shit.

>> No.28456700

>>28456610
Pretty sure no. Because then the vendor would pay taxes when they eventually converted to fiat

>> No.28456748
File: 61 KB, 1080x796, IMG_20201211_222509_230.jpg [View same] [iqdb] [saucenao] [google]
28456748

>>28451335
Alright anon, what you need to do if find people in your local area who will pay cash for your crypto. You send them the crypto they give you cash, no taxman involved there. Fuck withdrawing to your bank because you're giving Jews copious amounts of YOUR gains. Fuck niggers, fuck jews, fuck trannies. Keep your funds, you earned it.

>> No.28456793

>>28456637
You have to pay taxes on shit that you did while you were acting as a citizen of your country.

Death and taxes man.

I made 110k last year and paid 40% income tax

>> No.28456835

>>28451335
girl is so fine

>> No.28456841

>>28452667
Depends on where you live but the majority of the time its whatever your income is taxed at. Unless you get millions in which case it will be taxed at the highest bracket. The fact that you have to ask this question tells me you will never be cashing out millions though.

>> No.28456881

>>28456342
Somebody's gotta hold the bags.

>> No.28456909

This is why i dont want to pour more money into crypto. I cant fucking cashout without the government raping my ass to give my money to fucking homeless niggers.

can binance just put out a master card or something so we spend directly from out fucking crypto?

>> No.28456966

>>28456793
Then on top of all of your others costs like car and health insurance, food, and housing. You're left with 5k to splurge but wait your kid gets sick and your health insurance won't cover the meds because it's "not apart of your plan".

>> No.28456974

>>28456909
right!

>> No.28456993
File: 24 KB, 440x440, Linkww.jpg [View same] [iqdb] [saucenao] [google]
28456993

Sup losers, I learned how to cash out.
You send a wire transfer to your bank in a Tax Heaven.
If asked about capital gains you just claim your gains come from foreign actors so they arent taxable events.

Get on my level. I ill be cashing out some millions in March right before the mega dip.

>> No.28456996

>Sell Crypto X for BTC
>Convert BTC to precious metals
>convert previous metals to cash in-hand through deals with local pm dealer

That said, OP I would probably hesitate about converting your crypto to metals, or metals to cash. These two things are going to rise together in tandem, not only with inflation but with taxes. Metals are a safe-haven for taxes and are about to become the next super laundry, assuming the feds haven't already caught on.

Also: This post is entirely meant for satire. I am neither a qualified legal expert, nor a certified financial adviser. PS: FUCK jannies.

>> No.28457003

>>28456835
>girl

>> No.28457117

>>28456993
What's the minimum that you need to earn to make these "tax haven" deposits actually possible?

>> No.28457238

>>28456996
metals only are worth as much as someone would pay for them. Rather this route soon
>Convert Crypto X for BTC
>Convert BTC for land/structures

>> No.28457295

>>28451335
that sack!

>> No.28457399
File: 188 KB, 1144x1230, NotSeeling.jpg [View same] [iqdb] [saucenao] [google]
28457399

>>28457117
Ask your accountant at your preferred tax heaven.
Offshore companies is where the real money is at.

>> No.28457468

Can i go to thailand and open a bank account after fucking some ladyboys?

>> No.28457496
File: 132 KB, 398x398, 20210201_012434.jpg [View same] [iqdb] [saucenao] [google]
28457496

Cash out and pay the 15% capital gains tax for my country. Buy land.
Simple as.

>> No.28457566

Glow nigger thread

>> No.28457808
File: 2.53 MB, 624x780, 118773637_769523773589414_5269452365836149153_n.webm [View same] [iqdb] [saucenao] [google]
28457808

>>28455987
There's a set of 4 pics and a 12 sec webm. I have way too many tbs of thots but I'm looking. Pic not related

>> No.28457865

>>28457808
where is that man penis?

>> No.28457883

>>28451335
>Buy silver coins directly with btc/eth
>go to pawn shop
>cash out

>> No.28457888

>>28454253
>>28454405
>>28454437
Just borrow against your crypto

>> No.28457959
File: 18 KB, 480x360, CHADhan.jpg [View same] [iqdb] [saucenao] [google]
28457959

>>28456253
u realize paxful and lbc both require kyc now right. it's literally the same as withdrawing it via wire

>> No.28457960

>>28453067
>thinks his government is the only one not corrupt

>> No.28457990
File: 39 KB, 676x500, cope compilation.jpg [View same] [iqdb] [saucenao] [google]
28457990

where is the waifu, if its nsfw post it here anonfiles dot com
nigger nigger nigger >>28457808

>> No.28458196

>>28452082
Jor Floi

>> No.28458458

>>28457808
hurry need to coom

>> No.28458524

You don't.

>> No.28458527

>>28457808
there's no webm you retard.

>> No.28458771

>>28452082
Jason Parser

>> No.28458833
File: 193 KB, 1152x1829, wswqcnshr5h41.jpg [View same] [iqdb] [saucenao] [google]
28458833

>>28454745
>>28457808
alison huber?

>> No.28459103

>>28451335

step 1, don't be retarded
step 2, see step 1

>> No.28459256

>>28452082
I am the danger

>> No.28459299

>>28451335
who is this

>> No.28459337

>>28452308
No

>> No.28459387

>>28458833
>alison huber
Yep
>>28459299

>> No.28459397

lol he still doesn't get it...he wants to cash out

>> No.28459517

>>28451874
Based non burger

>> No.28459581

>>28455577
tsundure mentality

>> No.28459626

>>28456909
Lol the homeless?
Try the dept of defense buddy

>> No.28459812

>>28456307
>Trading commodities for commodities
What is this, the fucking neolithic? Actually brilliant idea, fuck the IRS kikes.

>> No.28460239

>using deflationary monetary technology of the future to buy worthless pieces of paper
ngmi

>> No.28460329

>>28451335
You can't

>> No.28460489

>>28456342
90% on WSB. Where OP is from

>> No.28460914

>>28459387
disappointing face

>> No.28461029

>>28454745
>>28457808
post it?

>> No.28461162

>>28457808
Source?

>> No.28461611

>>28454626
>>28452697
>>28452666
>>28454158
If you just buy luxury cars or houses with crypto then the IRS might just ping you and go 'How did you afford this on a salary of $wagecu.ck a month? Audit.

>> No.28461824

You can’t convert play money to real money

>> No.28462035

>>28457003
That man is so fine.

>> No.28462355

>>28451601
It's pumping relative to the dollar.

The dollar is king and will remain king zoomer. You won't be able to purchase anything with your dog shit eth with $80 gas fees.

>> No.28462961
File: 101 KB, 720x960, SPQRfags btfo.jpg [View same] [iqdb] [saucenao] [google]
28462961

>>28451610
If you live in a state like Colorado, gold, silver, and platinum bullion purchases are not taxed at all. And most large retailers now accept a variety of crypto payment options.

Do with this information what you will.

>> No.28463020
File: 155 KB, 1080x1149, 140243345_1776961975804809_1443016384072954462_n.jpg [View same] [iqdb] [saucenao] [google]
28463020

>>28461162
Some escort, here's another.

>> No.28463038
File: 9 KB, 225x225, 1613018569831.png [View same] [iqdb] [saucenao] [google]
28463038

>>28451538
>You want to be taxed for all your gains?
Imagine living in a country where you pay taxes over crypto

>> No.28463752

>>28463020
why would she hang out in a shitty room like that

>> No.28464036

>>28463752
that's her room

>> No.28464099

>>28463020
wayyy too hot to be an escort

>> No.28464272

>>28451538
>Do you want to taxed all your gains
Do you want to go to prison, the government gets their share.
Taxation is theft.

>> No.28464476

>>28463020
i can smell the aids on that tranny from here

>> No.28464568
File: 184 KB, 1080x1350, 136371454_388101342485702_8733372673663294126_n.jpg [View same] [iqdb] [saucenao] [google]
28464568

>>28463752
>>28464036
The first webm I posted of her is her apartment >>28457808
Def not her room in that pic, but she travels a lot.

>>28464099
100% an escort
>I have her agency info
>Contacted her and her agency
>I have pics no one else has
Can go on, but yes anon, its an escort.

Every pic that's been posted on this board of her, all came from me. I have a ton of vids and pics I'll dump at some point here.

>> No.28464587

>>28451555
40 years in prison for 6 millon counts of tax evasion and fraud.

>> No.28464608

>>28451538
>not hiring the best jew tax lawyer you can find to minimize damage

>> No.28464667

>>28463752
TRES WORLD
R
E
S

W
O
R
L
D

>> No.28464710

>>28464476
>tranny
>>28457808
If you say so.

>> No.28465090

>>28452082
vitalik butlerin

>> No.28465208

The ride never ends.

>> No.28465381

>>28452082
Dusty Gazongas

>> No.28465494
File: 6 KB, 222x227, images (19).jpg [View same] [iqdb] [saucenao] [google]
28465494

I cashed out 1 or 2 thousand in 2018-2019 from coinbase, but I never paid any taxes. What's going to happen to me bros.

>> No.28465523

>>28451765
Lol ramsey

>> No.28465597

>>28451874
i like your style

>> No.28465688

>>28464568
post more before the jannies find us

>> No.28465696

>>28465494
Most likely nothing if no one has contacted you. Basically that is chump change and not worth their time to try to get a settlement out of.

>> No.28465770

>>28451335
buy drugs on the darknet and sell them

>> No.28465860

>>28452082
Nelson Mandela

>> No.28465879

>>28451335
I'm buying a car or house -> send to exchange and pay taxes.
I'm just paying for day to day expenses -> buy precious metals, sell PMs for cash on craigslist, spend cash

>> No.28466271

>>28451874
based

>> No.28466842

If you cash out to a stablecoin and hold for a year do you only pay long term capital gains?

>> No.28467283

>>28451335
you dont, you hold forever

>> No.28467683

>>28451538
100% taxes
Nigga wut

>> No.28467835

Seems like it is almost time to destroy the IRS forever. When will millenials rise up and take back everything that the boomers have stolen from us? Destroy the world that boomers built.

>> No.28467950

>>28464587
no one is going to extradite you to America for a minor tax charge

>> No.28468096

>>28452621
Why would the bank freak out?

>> No.28468144
File: 133 KB, 500x522, 555-Come-On-Now.png [View same] [iqdb] [saucenao] [google]
28468144

Cash out?

>> No.28468341

>>28452082
Joe Biden

>> No.28468510

Purchase gold directly with crypto, skip the cash out bank jew

>> No.28468607

>>28451874
based

>> No.28468624

>>28452082
Baskin Robbins

>> No.28468736

>>28456053
Not if it’s in a Smokey, sweaty back room using onedimes, a pillowcase and big, BIG handguns for insurance.

>> No.28468752

set up a llc in the cayman and pay yourself a salary

>> No.28468975

Make a biz, like CryptoConsult, costs aboot $150. Buy shit for biz with crypto gains, like a lambo. Slap your biz sticker in the window. Tax write off. Work from your house bought with gains, write off. Ezpz

>> No.28469005

>>28451741
Why etherium?

>> No.28469030

>>28451395
>crypto is pumping?
relative to fiat yes

>> No.28469086

>>28468096
Because all their money is going to you. They need your money to make money, that's the game

>> No.28469144

>>28451335
use your crypto to buy physical assets, if you can't buy an asset with crypto turn it into fiat then immediately buy what you want
"cashing out" to hold fiat is fucking pointless

>> No.28469464

>>28459812
alot of business is still done this way.
for pretty much everything that exists.

for instance.
i saw 2 businesses do a businesses deal/favor type thing.
1 business sent a piece of equipment to help the other, and vice versa.

equipment aint cheap 10's of grands.

they bartered.

>> No.28469926

I'm cashing out just enough to pay off my house (165k left on a property appraised at 535k)

What's the best way to do this?

>> No.28469958

Just remembered silver purchases isn't taxed in my state.

>> No.28470096

>>28457888
Whats the best way to do this?

>> No.28470278
File: 69 KB, 220x229, F751C357-BDF5-4999-B5E4-7ACAC89D6C00.png [View same] [iqdb] [saucenao] [google]
28470278

>>28469926
>interest at all time lows ~3%
>pays it off with crypto

>> No.28470460

>>28451555
>be goy
>laws apply

>> No.28470741

>>28451765
Dave
>Don’t invest
>Pay millions of dollars of debt that they’re about forgive
>God made losing jewish banks money the #1 sin
Ramsey

>> No.28470880

>>28451876
Dat da guy who made Nigga Coin?

>> No.28471025
File: 35 KB, 600x503, 1611774386212.jpg [View same] [iqdb] [saucenao] [google]
28471025

>> No.28471368

>>28456909
Didn’t they just release Binance Pay?

>> No.28471536

>>28451874

What part of Europe do you live in? The part of ass we fucked? Or the part of ass we saved? Check yourself loud mouth faggot. Developing prosperous countries lmao. Smellin' like rapefugees up in here.

>> No.28471587

>>28470278
Why would I pay 100k in interest to a bank for 270 total loan on 165k when I can just pay it off now

>> No.28471777

Everyone who's telling you to never cash out are future bag holders.

>> No.28472181

>>28471587
If you think that crypto will gain at a higher rate per year than your mortgage interest rate, you can make more money in the long run by holding your crypto and just making the mortgage payments. That's what he's saying.

>> No.28472205

>>28471777
Kek has spoken. Become a millionaire or hold onto computer money forever.

>> No.28472465

Here is a list of countries that are tax friendly on crypto currencies, faggot.

https://www.google.se/amp/s/decrypt.co/43513/10-countries-that-dont-tax-bitcoin-gains%3famp=1

>> No.28472641

white women good investment? asking as a brown person

>> No.28472812

>>28456610
Yes, that's a taxable event.

Every transaction with a crypto involves a hidden/implicit step of you cashing out to USD, in the eyes of the IRS.

BTC -> USD
BTC -> (USD) -> ETH
BTC -> (USD) -> Pizza

>> No.28473008
File: 117 KB, 668x636, 1611588637265.jpg [View same] [iqdb] [saucenao] [google]
28473008

>>28451538
>crypto tax
heh

>> No.28473169

>>28451335
sauce?

>> No.28473178

>>28451335
>How do you actually cash out?
you die

>> No.28473220

>>28473169
It’s already been posted retard

>> No.28473446
File: 51 KB, 741x649, bbc.jpg [View same] [iqdb] [saucenao] [google]
28473446

>>28471536
>What part of Europe do you live in? The part of ass we fucked? Or the part of ass we saved? Check yourself loud mouth faggot. Developing prosperous countries lmao. Smellin' like rapefugees up in here.

>> No.28473493

>>28452082
Larry

>> No.28473582

>200+ posts and not one clear defined answer on how to cash out your cryptos to actually buy something

Yikes

>> No.28473608

>>28454990
In a year, and it's a marginal tax so it's 60% over $600k, just like any kind of income

>> No.28473675

Suddenly those portfolio r8 threads don't seem so intimidating anymore.

>> No.28473771

>>28471587
You can get higher returns even on the stock market than the price of interest.
It would be pants on head retarded to not take free money when it is offered. Banks want to be dishing out as many housing loans as possible so they can pump more of that central bank money into assets with higher returns. Housing loans are basically free at the moment.

>> No.28473932

Here’s what I would do, theoretically. It works as I make enough in my real job that crypto spending wouldn’t really be noticed. I buy a new car? It’s from my “real job”. So here’s what I’d possibly, theoretically do. Most likely not due to risks, but possible.
Started by having a friend buy BTC and sending to an anonymous wallet. Only connect to it via vpn. Trade on non-kyc exchanges. Send profits as ether to MetaMask, MetaMask to swap shit coins. She me profits to exchanges like KuCoin or binance (vpn again). Build up stacks. Get crypto friendly debit card. Have sent to anonymous mailbox. Use it to purchase damn near everything. Zero paper trail, zero online trail. Pay taxes on regular income. IRS never bats an eye.

>> No.28473964
File: 77 KB, 621x621, 1511243044456.jpg [View same] [iqdb] [saucenao] [google]
28473964

>>28451335
>see this thread
>haven't made it yet, but it makes me curious
>research US crypto tax laws
>realize even if I make it, I'll have to pay up to 60% of my gains to the government depending on the state I live in
What in the actual fuck? That shit is depressing as fuck.

>> No.28473977

>>28473220
dont call me a retard faggot

>> No.28474070

>>28469464
bartering is a taxable event. The IRS has an entire section on bartering. They really do not want you to make it. For example: Let say you go full chad and decide not to use USD at all, and live everyday having a grand total of $0. You're on the street someone and you meet a business owner who offers to give you food from their business in exchange for your seashells that you collected (because what the fuck else do you have to do, you don't use money). The moment the exchange takes place (e.g seashells for food), you owe taxes to the IRS on the value of the exchange. That's right goy, you can purchase services with non USD but the government will still tax you on the value of the service you acquired in USD.

They really do not want you to make it.

>> No.28474142

>>28474070
Typo here, I meant to say you can barter for services and you will still be taxed on the barter.

>> No.28474390

>>28473932
The other variation would be have both a reportable crypto account and an anonymous one. Basically like having two sets of books. Play around like a normie with the reportable one on Coinbase and Kraken, make a little/lose a little then file complete and full taxes on that one. The anonymous one link to crypto debit as above. Just be very very careful not to cross the two or ever access the anon one without vpn

>> No.28474430

>>28473582
>>28473675
go back faggot

>> No.28474441

>>28472205
I imagine people like you selling your btc at $400 in 2016 for 100k thinking you've made it.
Imagine if you had held. BTC has gone up year on year for A DECADE.
Its no longer a bubble, its an institution.
Literally too big to not get mainstream adoption.

>> No.28474466

One word, silver

>> No.28475091

>>28452082
Satoshi

>> No.28476171

>>28474441
Even worse, I'm a newfag.
Noted for future reference, bait taker.