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6899190 No.6899190 [Reply] [Original]

at what point are you planning on cashing out

>> No.6899226

right now go

>> No.6899238

>>6899190
never gonna cash out lol i'm buying a house directly using my crypto so i avoid tax

>> No.6899274

>>6899190
1.25 million assuming .25 million will be for taxes.

>> No.6899277

>>6899238
is such a thing even posssible

>> No.6899307

>>6899190
>2018
>cash

>> No.6899319

>>6899277
Of course not.

>> No.6899330

tfw no gf

>> No.6899352

>>6899190
I won't have to. When request network is up and running I'll be able to pay for houses, cars etc with my memecoins and the sellers can get paid in their fiat monopoly money. No taxes for me thanks :)

>> No.6899367

>>6899319
yes happens in Australia guy bought a house in bitcoin a while back, all tax free

>> No.6899372

40,000 USD. My nerves can't deal with this shit.

>> No.6899382

>>6899277
not legally but you might get away with buying for example one of the btc condos in dubai

>> No.6899387

>>6899277
>>6899319
dyor and you will see it's already possible now, and will only become more commonplace in time

>> No.6899397
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6899397

>>6899190
>mfw he fell for the paper jew

>> No.6899408

>>6899382
https://astonplazacrypto.com/

>> No.6899416

I think I want to wait until next year at least.

>> No.6899432

100k.

>> No.6899435

>>6899277
>>6899238
You can buy a penthouse in Dubai with BTC but
>Dubai

>> No.6899443

500k
i can make safer money over time on other crap with this than risky crypto that could go to 0 over night

>> No.6899476

>>6899238
You will surely paid tax if you transacted in BTC don't worry about it too much the public blockchains are being monitored.

>> No.6899485

I just need another x10

>> No.6899527
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6899527

>>6899190
Buy low, sell high >>6892960

>> No.6899534

>>6899190
never, holding for my kids if I ever have any

>> No.6899540

3.2 million

>> No.6899567
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6899567

>>6899190
>cashing out
I'm waiting till crypto replaces fiat

>> No.6899568

bury me with my ledger

>> No.6899582

>>6899476
im talking about the CGT tax you would get from converting btc to fiat

>> No.6899612

>>6899277
It is possible, and not only in Dubai. There are deals in Europe as well

>> No.6899616

>>6899567
This

>> No.6899626
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6899626

>tfw idiot that will probably never be able to get into cryptocurrency because I'll just bankrupt myself

>> No.6899688

>>6899582
Theoretically all transactions are taxable, what is hard to grasp in this?

>> No.6899712

>>6899277
Theres actully quite a few houses in canada accepting btc for sale.

>> No.6899779

>>6899688
there have already been instances in my country of people buying a house in btc and avoiding the CGT tax that they would get if they converted it to fiat then bought. it has already happened so you tell me what's hard to grasp? it may change in the future but right now that's the way it is

>> No.6899836

>>6899190
I diversify gains from crypto between real estate and stocks and bonds.

>> No.6899872

>>6899779
>People's tax fraud are stored on a PUBLIC ledger
>"Sheeeeeiiiit Jane, do we have to even try anomore? Just add this transaction ID to the backlog" - Taxman

>> No.6899879

>>6899274
Hahaha
You mean assuming .75 million will be for taxes

>> No.6899901

Faggot that knows absolutely nothing about bitcoin here, how the hell do you 'cash out' a digital currency? Who even accepts these things?

>> No.6899933

>>6899779
>CGT tax
>capital
>gains
>tax
>tax

>> No.6899937

>>6899872
>public ledger of random mostly anonymous data
<this transaction

have fun doing that
have even more fun after mimblewimble

>> No.6900045

>>6899190
If I ever get there, I think it'd be 2.5 million, that way even after taxes of over 50% I'd still be safe with 1,000,000 when all is said and done
Since I'm young I could grow that lump sum over the following years and could join the club of 'millionaires'

>> No.6900048

>>6899901
You can't cash out, now go spread the word.

>> No.6900073

>>6899190

I just want to double my initial investment, and cash that out so I can play with house money
then it'll be a lot more comfy

>> No.6900081

>>6899937
lmao IBM is literally having fun doing that right now
https://www.ibm.com/blogs/insights-on-business/government/blockchain-addressing-tax-challenges-digital-economy/

>> No.6900102

>>6899901
You call your bank and ask if they purchase cryptocurrency in exchange for fiat

>> No.6900120

>>6899319
Guy bought a house in my city for $750,000 worth in bitcoin.

>> No.6900130

>>6899277
https://bitcoinmagazine.com/articles/man-accidentally-makes-13-million-buying-house-bitcoin/

>> No.6900222

>>6899190
First installment at £60k (take out £15k to live on for year) and after that probably about £250k (enough to buy 4 or so apartments for passive income via renting).

If I somehow woke up to find my portfolio was worth £800k I'd be absolutely retired - enough for me to buy sufficient properties to live off via rent as well as family sized home mortgage free and still have about £100k to play around with in markets.

>> No.6900292
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6900292

>>6900081

what a fag that guy is

>> No.6900321

>>6899190
Honestly I would be done with all this trading bullshit if I could just get my 20k Ark back. I suck at this trading shit and just want to collect my staking coins. I could have literally lived off of what I was getting every week from staking.

>> No.6900361

>>6899190
Gonna cash out around 1k when my portfolio reaches 1 BTC to help my family with bills, then it's rough sailing from there until 100k, maybe another 1-2k when i'm halfway to 100k for a new PC set up. Other than that i'm pretty frugal with spending, I don't like spending money on shit I don't need.

>> No.6900383

>>6900292
>>6900081
>Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies. It is a global collaboration, hosted by The Linux Foundation, including leaders in finance, banking, IoT, supply chain, manufacturing and technology.

>hey guise what do we do about open sores
>we're literally bleeding money and can't vertically integrate anymore
>LET'S BE IRRELEVANT FAGGOTS ABOUT IT
>GOOD IDEA

pathetic

>> No.6900451

>>6899367
>>6899382
>>6899435
>>6899612
>>6899779
>>6900120
the fact that you already know this there are already tax mole rats knocking on those people doors

>> No.6900480

$3M. Put $2M into index funds and leave $1M in crypto and fucking retire.

>> No.6900836
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6900836

>>6900292
some other articles from the author

>Big Data = Big Improvements for Military Sensors
>Social Business for Defence: Customer Viewpoint
>Military MobileFirst?
>Re-inventing Citizen Engagement
>Social Business Patterns for Government
>Cloud for the Military?
>Social Business – why should the Military care?
>Systems of Engagement – Police Mergers that WORK!
>NATO Federated Mission Networking
>Hitting the Cyber Skills Shortage Head On (aka Too many threads / too few professionals)
>Wearables for the Military?
>Weaponised Cyber as a Service?
>Military Cloud – Case Studies
>Six Learning Points from Counter Terror Expo
>Understanding Cyber Crime
>Military Cloud – First Steps
>Cloud – Disrupt, or be Disrupted?
>Military VR – What’s Changed?

at this point in time he hears about blockchain

>Blockchain for Government?
>Privacy services & blockchain
>Hack my Blockchain? Don’t bother!
>Blockchain for Asset Registration
>Building a Blockchain Business Network
>Blockchain for government: building trust; demolishing bureaucracy
>Ten things blockchain is NOT
>Combating Fake News with Document Provenance
>

brought to you by a guy that just reads a wikipedia entry for the newest tech buzzword and goes on to blog about it ... in a dictatorship-oriented way -

IBM's very own John Palfreyman
Director - Blockchain | National Security - CTO Team Europe

>> No.6900849

>>6900451
There are countries outside US where you can say "fuck off" to tax rats, or if this doesn't work 2000$ in cash is also way of managing this

>> No.6900941
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6900941

Yes soyim dont forget to pay your tribute to Israel or the alphabet boys will be paying you a visit.

>> No.6901371

>>6900451
audited 4 years in a row. nobody knocks on your door. ever. you make an appointment and send a lawyer. they are dumb, slow, and easy to stay ahead of.

>> No.6901426

>>6899190
ETH $10,000

>> No.6901571

>>6901371
it was a figure of speech

>> No.6901673

When I get to $30,000 in profit. That would pay off everything except my house and buy me a $20,000 car. I make decent money at a job I like so it’s cool. Once those things are taken care of I could pay off my house in 4 years or so anyway.

>> No.6901677

>>6899190
when you cashing out your bank account?

>> No.6901738

>>6901673
holy shit this board has gone to shit.

>> No.6901825

>>6900130
he actually bought a Lambo with some of the extra money lmao

>> No.6901897

>>6901673
Kill yourself faggot

>> No.6902128

I'm in for the long haul

>> No.6902161

Already did

>> No.6902218
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6902218

I'm not. I'll buy anything I need with my crypto using the Request Network. It's win win, businesses get their fiat cuckold money and I get to keep everything in crypto. I'm going to leave my hard earned money in a deflationary currency and I'll retire 25 years earlier than all fiat cucks.

>> No.6902880

>>6899190
>>6899277
>>6902218

I know that hot tub, and ive "known" that girl

>> No.6902970
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6902970

>>6902880

>> No.6903039

after a few million. i want at least a few million to be able to afford a house and put the rest in safe investments and live off interest. have 200k right now in crypto so hopefully the whole show won't end before then.

>> No.6903095

>>6899190
My goal, since i jumped in two months ago, has been to turn $250 into 10k.

No need for lambos. This is just fun.

>> No.6903146

$100k

>> No.6903149

>>6903095
How far along are you senpai?