/biz/ - Business & Finance

Cashing out after 8 months.. 25K about initial investment... Sucks, but need money for personal issues.. What is /biz opinion for the best, most efficient way to cash out? 6 figure cash-out.

This shit is freefalling. I was getting dangerously close to my initial investment. So I cashed out & made a tiny profit. Will be back when it reaches the floor. Till then I'll browse /biz/ in comfy mode. I suggest you guys do the same.

At some point in time, you will have to cash out. Many of you have already cashed out a little, but the majority of you have not.

You all know that this is a bubble of some sort. The prices will climb, and then it will fall drastically in a "great burst". It seems that most of you agree on this.

My question is: will you pull out before, during or after the bubble bursts?

It's not even a meme. I have 2 BTC I made from shitcoins back in 2014 on Cryptsy and MCXnow, and now that I'm trying to cash them out I just can't. I literally can't. I'm thinking about just giving them away to /biz/ or my friends who don't live in the US or Canada.

Seriously what are my options?
>Buy giftcards - you don't know if the GC was bought with stolen CC
>Cash out and only tax 50% of gains - good luck explaining where that money came from to the IRS/CRA without a record of trades if they ever decide to audit you

I'll tip anyone who offers me SOLID advice as to how I'm supposed to cash out without ringing bells or being flagged as a money launderer. I'm in Canada by the way.

So I have a dilemma anon... I always told myself I would cash out once I have enough to pay off my debt (10k), considering I started with around 1k - I've made a good profit and can now pay off my debt.... the problem is, I feel like I'm going to kick myself later as all my coins continue to go up. thoughts?

so I've been unplugged from this for a few months now and am looking at selling some and profit taking.

I keep seeing this 'cant cash out' meme and shit posting, but no one's really actually talking about it

So I've got accounts on Polo, Bittrex, Gemini, and coinbase.

It looks like Polo & Bittrex only allows coin/wallet transfers in/out.

Coinbase and Gemini allow transfers in/out directly to a checking account or wire transfers.

So what's the deal with the shit posting? It looks like I can sell on gemini and send it directly to my bank account. I don't get what the shit is about.

So how would you cash out $12m like that guy who caused the ETH flash crash on GDAX a few months ago? All at once or $50k a day or something?

Genuinely curious.

Cashing out has never been easier.

Gift Cards. You can buy Gift Cards to popular stores (Amazon, Walmart, McDonnalds)
www.gyft.com/
www.egifter.com
coincards.ca/
instagift.com

You can sell bitcoins directly to people locally for strait up cash
www.localbitcoins.com

Contrary to the meme posts flooding /biz/ you can cash out at major exchanges (you do need to provide ID though)
coinbase.com/
www.gdax.com
www.coinsquare.io

Last, but not least, many online stores now directly take bitcoin
store.steampowered.com
Newegg.com
Overstock.com


>X didn't work for me

Show us, Post your screenshots. Post your communication with their custom service. Did you enter your bank info correctly? If there is actually any problems with cashing out you're obligated to inform everybody and provide proof.

Have any anons seriously "cashed out" on here?

If so, what did they do with the money?