/biz/ - Business & Finance

>>4858290
I'm fucking frightened of cash out.

I put 1k into ETH in January at $11, rode it to sell at $350 and then just held BTC to today, and have ~$180,000.

I don't know how to actually touch this massive wealth I've accured that is just floating on coinbase which only lets me pull $2000 a week out according to their site.

Is there no way to pull out large bulks of cash? I'd be fine with paying the 33.% tax to get. $125,000 into my bank account to start my life, but I'm scared. If I have to wait weekly, BTC will crash before I get the high gains value that my ROI is.

And localBTC isn't viable. I don't trust meeting up to get over 100k from someone and I'm a weak neet with no friends to stop me from being mugged.

>>2054956
>Capital gains tax

It's in the name man, gains on capital.

>Buy $4000 stellar lumen at .002

>Rises to .06 over the year, you hold through year of 2017 into 2018

>Now have 120K in lumen held as CAPITAL as you go into 2018

>Have to pay taxes relative to your income tax bracket (example let's say you are NEET, so only 10% because you don't make income)

>You now owe 10% of the difference between your total value at the end of the year (120K) and your initial investment at the beginning of the year in captial (4K)

So now you owe the government $11,600