/biz/ - Business & Finance

>>54492323
You are making absolutely 0 sense. You talk about untraceability but by virtue of having a bank account with which you withdraw from, you are being tracked. You get paid from work into your bank account, withdraw into cash at an ATM that is tracked as well as has a camera to track your face, knows where you were when you withdrew it and how much.

They do not know what you bought, but what exactly is the benefit to that unless you are buying drugs? You think you can withdraw $1000 and invest it somewhere? Good luck taking more than $10k on an airplane to another country, you cant. So even if you managed to invest and 1000x your investment, no one is going to accept your money unless you can prove where it came from, ie, tax forms, receipts, checks (all traceable events). Also if you wanted to send back into your bank account (since holding cash is risky) its going to look real suspicious when you deposit $100k out of fucking no where back into your checking account. And good luck telling your employer to pay you in cash. Even if they did, they would keep a record of how much they paid you, your address, SSN, everything.

I can deposit $1000 into a CEX or other crypto onboarding platform and send it off directly on chain, and after that its game over. They have no way of knowing who that BTC belongs to. Ever heard of monero? Zcash? atomic swaps? NFT wash trading? Not only that, but I can invest it and make more of it. You cant do that with cash.

Of course no one cares about tipping a waitress $5 dollars and not reporting it to the IRS. Only when you get into big boy money does it become a problem. Basically, unless youre a deadbeat drug dealer or someone who just does general cash transactions like buying groceries at walmart (cameras), using cash exclusively is reserved for the retarded glowies like you who think they are untraceable (youre not) and sticking it to the man (you aren't).

>me when turbotax asks if I bought or sold any NFTs in 2022

fuck you, youre getting what I traded on coinbase. Thats it.

>>53349284
>It's different because "these candles are green" isn't a fucking form of TA or FA or even astrology it's just you looking for something to grasp that will prove that the bear market (caused by interest rates that are still rising) is over in volatile and speculative assets like "internet money".

>>53301674
>send me all your coins i will invest them for you