/biz/ - Business & Finance

>>63052
blz respond

Invest in doge

>>63180
according to my dad altcoins just rise and fall with the price of bitcoin

y/n?

>>63052
I'd withdraw 3/8ths or something similar for safety. Then probably withdraw 2/8ths to immediately invest in your choosing, then leave the remaining 3/8ths to sit there and look pretty until I'm comfortable cashing out. Obviously no day trading of BTC because we want to actually keep some money at the end of the day

>>63210
that seems kind of arbitrary

>>63052
I think first I would move temporarily to a country, perhaps one with minimal/no tax and an internet connection, withdraw, bank it in a Swiss bank or something and move back home. I don't think I would ever be able to use that money in my home country, but it would go a long way elsewhere anyway.

Alternatively: take it out, deal with the taxes and invest it to do more than it'd do sitting in the bank.

>>63271
No shit. I'm not gonna bet 500BTC all on red or some shit. I'm looking for nice, reliable investment. I

>>63189
Doge has on several occasions shown value independent of BTC.

>>63298
Is Switzerland still the land of anonymous banking? I thought they reformed some of their banking laws a while back. The Cayman Islands would be a nice place to go with all dat cash, since it's income tax free

>>63309
sauce?

>>63052
>Sell buttcoin on Paypal.
>Buy items on ebay that hold their value or slightly rise in value, like collectables
>Sell items legitimately
>???
>tax-free profit

>>63309
Doge has volume to allow it to be. Plus you have a completely different community. See /r/dogecoin. They don't care about drops in price. They're not really financial people, they just care about getting doge to the moon. Which is probably due to the fact that it was an altcoin based off of a meme

>>63328
What exactly needs to happen for doge to make it to the moon? I've been on reddit maybe 3 minutes in my entire life.

>>63325
Check the charts vs BTC. There have been days when all the other coins went down and Doge went up.

>>63333
paypal/ebay just stole money out of my dads account when a btc miner he sold on their was claimed to be "broken" and the guy complained and wanted his money back

of course when it was resold the thing worked, my dad had gone through the steps with him to try to make it work, and despite this ebay decided to "protect the buyer" with no questions asked and just give him the money back, my dad has 1 single negative review since the 90's using ebay and they still took the money anyways, fucking pricks

because of the depreciating value of the miner, my dad lost money and filed a small claims suit against ebay

hopefully they look at it and decide its not worth it because its such a small amount and give it to my dad without a court case

so anyways i dont think ebay would work for this

>>63341
Even if it keeps its current volume, there are still a few halvings to go, so, the value will rise slowly with that.

There are a bunch of devs that are working hard on fiat>doge exchanges right now, ATMs, it's got a strong community, now that just needs to spread to the mass market. With a strong community and a lot of holders, and with the stability of being an inflationary currency, it'll be easier to convince online businesses to accept it.

That is how it'll reach "the moon". Just don't bank on 1 doge = $1 ever. If that happens, well, fuck, a lot of neets gon be millionaires.

>>63341
It's not really a tangible thing. It's more of an attitude. 'Oh doge dropped half it's value, who cares, to the moon!' All they want it doge to succeed

>>63357
Paypal is a scummy fucking business. The way chargebacks work is an atrocity and would never work for BTC

I'd buy a Lamborghini with it like this anon did

>>63312
I'm pretty sure they have some recently introduced (post-2010) tax evasion laws regarding banking, but I'm not sure if it would be possible to navigate around that by doing it in a country where your deposit IS actually legal. I think it would be pretty unfair if you were then "taxed again" for that deposit upon entering your home country considering you were not a member of that country at the time you made the deposit.

I don't know these laws well enough because I've never been placed in this situation and I'm far from a lawyer.

There's also the idea that unless they find out and go after you, they can't really know. Swiss banks aren't obligated to tell authorities you're banking with them unless they have reason to believe you're committing a crime. And if they (the home country government) don't have that reason to think that, it might be a bit of a catch 22 on their end where they want to find evidence, but can't because they don't know it actually exists and might not be legally able to go after it even if they sort of vaguely have the idea that you might own a lot of cryptocurrency through intelligence agency logs and financial transactions. I'm not sure that's truly enough to establish probable cause or if that's way too much of a leap from one assumption to the other.

I'm sort of getting lost in my own words. I hope this makes sense to someone else out there.

>>63381
Gotcha man, that makes sense

>>63375
are those scones

fuck they look tasty

>>63389
>Scones
>Doesn't know what an English Muffin is

>>63357
No, don't sell the bitcoin on ebay. Just sell private (over paypal, or in cash on localbitcoin), then buy collectable junk on ebay that holds its value and resell it.

>>63394
>>63393
ive never seen real english muffins before, only the ones that are precut (in half) at the supermarket

>>63389
I feel like they're probably english muffins

>>63399
The ones on the Lambo are cut in half

>>63405
oh

they looked kind of not uniform in shape though so i was confused as id only seen english muffins in the same cookie cutter shape before

>>63413

Surely bitcoins are one of the easiest things to tax avoid on?

I mean until the money reaches your account they don't know who you are (inb4 NSA!). Cant you just dump the money in an overseas bank account in some islands somewhere?

Isn't there like nonstop arbitrage opportunities with crypto

>>63359
>ATMs
>with doges on them
>and virtual currency
>and comic sans with phrases like "so wow"
>that people put real ass money into IN PERSON

I'm not even involved in Dogecoin and this is embarrassing... 4chan, Reddit, you've gone too far this time. This is as bad as bringing your anime waifu pillow on a public date.

I get that it's serious fucking business and worth millions of dollars but they better drop some of the irony image-wise if they're planning to put this shit in malls next to Coinstar machines. If I saw a fully functional Doge ATM IRL I just wouldn't be able to deal with it.

>>63542
The meme shit will be slowly phased out. Think of it as an early marketing attempt. It's captured a vibrant and enthusiastic youth market, they'll be growing old, and the coin will change accordingly.

>>63430
Yes, that's fine. The rub is how to spend that fucktonne of money you've just accumulated. Explain that new house you've just bought on your shitty salary to the taxman.

>>63439
Supposedly, but everyone I've run into has either lost money or gained money more slowly than if they had just let the coins sit around.

>>63542
Dogecoin is the future. The moon is actually a mall near you. Be prepared.

>>63052
Diversify into other cryptos. They are all tied together with Bitcoin, but that doesn't mean they will all crash to zero together. Look for coins with a strong network in every sense of the word. My picks would easily be:

Doge: moon, obviously
VTC: first adaptive n-factor coin
QRK: coins spread out to small miners evenly, large community, amazing tech
DRK: probably will be the first truly anonymous crypto, beating zerocoin to the punch with darksend feature that is already in testing