/biz/ - Business & Finance

>>14533024
Nah I pulled out like $40k over the weekend no prob

>>14533024

Chainlink has been the first time in history Reddit and women made money on an altcoin.

Probably the biggest sell signal you will see in crypto, ever.

>>14533042
Are you a fellow burger citizen? Did you just withdraw to your bank account?

>>14533024
I don't know man... thing is, coinbase never had issues with that shit and they usually don't touch their customers coins unlike binance. They keep everything cold. And I just have my 25k LINK on a piece of paper in my drawer... should I unironically just send them my LINK?

>>14533024
bro the devs and pushers are dumping millions of link literally right this moment for binance. they're exiting fucking right now.

>>14533024

there are possbile exit scamming right now

>>14530563

>>14533089
lol same here, i like the paper wallet in my security deposit box, but I always think someone is going to peak at the bank

>>14533105
>>14533096
>>14533068
get out of here pajeets, i'm never fucking selling.

>>14533089
I'm in the same situation, contemplating the exact same thing.

>>14533024
coinbase is pretty safe, I have no plans to move my link anywhere any time soon. The plan would be when it comes time to sell, sell into USDcoin or other stable coin and withdraw to bank in increments to avoid any issue.

>>14533024
Bought 25k @ 2000 sats. Just dumped 10k between 30k and 35k sats. x18, no regret. Will rebuy @ 20k sats or sell all along singularity.

which is safer, coinbase or binance?

>>14533125
>>14533121
I saw some methods that are safer but I don't know... like stamping the seed into dog tags or doing a dictionary kinda deal.

>>14533069
Yes. I've heard of people's banks fucking with them when trying to withdraw large sums of money but I've never had trouble and coinbase is as legit as they come.

>>14533236
Print out all your transactions from Coinbase if you're buying from them and you're okay, clerks just need a confirmation that this money belongs to you.

>>14533236
just contact your bank beforehand

>>14533236
Yup definitely something to keep in mind. I just want my funds to be safu.
>>14533275
will that even do anything? Isn't this shit automated?

>>14533024
>>14533089
>>14533125
I bit the bullet and transferred most of my stack to coinbase. In my country, I only have to pay taxes on crypto to fiat transactions, which makes it easy to keep it there/when cashing out. Furthermore it's insured and I sort of trust them more than I trust myself not to mess up my keys/itsec. I keep a small suicide stack in cold storage just for peace of mind

Withdrew in late 2017. No problems, but it did take many days before the money was on my bank account, but probably because it was an international transfer.
Took screenshots of the withdraw etc, just to be extra safe

>>14533392
Call them beforehand to let them know a certain amount will be deposited. It will save you from getting your account frozen in extreme cases. They’re required to monitor strange behavior, and a huge amount of cash coming in from an unrelated account is just that. They’ll legally have to send some documents your way and you’ll have to prove where the money came from.

>>14533024
ik keep my 12k on a Nano Ledger S. but I'm soon going to buy the new crypto wallet from NGRAVE. way safer.

>>14533473
So I just called my bank to ask what the process is, they put me on hold for ten minutes, came back and said

>So you would want to make a coinbase account, verify yourself, and then just deposit it.

uhhh ok

>>14533024
ik keep my 12k on a Nano Ledger S. but I'm soon going to buy the new crypto wallet from NGRAVE. way safer.

>>14533462
How much did you cash out?

>>14533201
coinbase, no question. binance is sketchy af senpai. obviously be cautious and attentive no matter what you use but I'm pleased with coinbase/pro.
good luck anon. we're gonna make it together ^^

>>14533131
Isn't this called structuring, and isn't it a giant red flag to IRS?

>>14533024
lmfao imagine being so dumb you have you ask anons who masturbate all day and drink monster if your invesment is safe, boy how dumb can you be lmfao

>>14533851
so i guess you’re good then. as long as they know where the money is coming from you shouldn’t have any issues.

why most of you rather withdraw to normal banks and not paypal?

>>14534130
it is structuring and if i were him i’d be careful with that

why would someone use revolut?

>>14533457

Dude, same. I trust coinbase more than binance, and I don’t have faith in my ability to not fuck up storing it myself. I’m hedging with some on binance, some in mew, but most on coinbase.

The other huge plus is, supposed link goes truly insane and reaches my sell range of 25-60$. I can cash out on coinbase to actual cash. On binance there’s only tether, and I have no faith in that shit. Imagine being a millionaire from link, then cashing out to tether, and then tether collapses. That would be the Just’ing beyond all justing

the boring but inescapable answer is that the only safe way to store your coins, is in cold storage under your control. i've lost thousands to exchanges, and i'm one of many. it keeps happening, and the refunds won't last forever.

The average link holder is now too tech illiterate to store erc20 tokens correctly.

2 the moon! price can only go up from here!

>>14534068
>yes sir trust american company sir

>>14534545
further to this... it's so easy to just store the damn things yourself. no reason to take the risk of storing on an exchange. my preferred method takes 2 mins and is safe as almighty fuck.

>airlocked laptop, never been online, just operating system installed, no internet connection whatsoever
>download paper wallet from coin's site
>malware check
>transfer via usb to airlocked laptop
>use paper wallet creator, save public key and private key
>back up on 5 USB sticks
>shred files on hard drive
>copy public key to pc with net connection

100% cold storage, no fucker is getting to them. literally all you need is the public key and private key. you can use the private key to sweep the funds of your wallet in the coin's software/online wallerts.
just be positive there's absolutely no malware on your key generators and nothing can go wrong. safer than hardware storage devices, because they get plugged into computers with live net connections.

>>14534130
I didn't know this was structuring or what that even is, but I thought the initial transfer from Link to USDT would be the taxable event, no different than if I had straight sold to USD fiat. Is this wrong? The sale would all be within one tax year, I am not trying to avoid tax brackets or anything.

>>14534639
based overlord

>>14533024
Swing now bro, trade LINK for XLM before the linkwhales cash out and wreck the marker. XLM lined up to 100x is better bet than BTC.

have 9k, not selling till 1k

not even kidding.

>>14535263
how the hell do you have that idea?

I have 3k XLM and I want it gone so bad...

>>14535989
do you have any idea how much money it would require for them to be worth that much? this isn't bitcoin with only 21mil coins, that bitch has 350,000,000 now, one day to be 1,000,000,000. all money gets shared between that lot, so you're talking a 1 trillion dollar market cap. which is more than 3 times as much as is invested in literally every cryptocurrency in existence, including bitcoin.
you've been brainwashed by the cult. leave the fanboy delusions outside, and start thinking about how to actually maximise profits. sell at $5 asap or forever be butthurt. 1k is not ever going to happen. 100 will never happen, neither will 10.

>>14536205
didn't read, kill yourself

>>14536587
cultist fanboy. never gonna make it. 'muh feelings' are more important than profit to you.
at least cash out enough to buy some cyanide pills in preparation for your future.

>>14534130
It’s only structuring if you can’t prove where the money comes from, Coinbase is a pretty safe medium that shows the bank “hey this guy bought these funds from here” since coin base is connected to your bank account you should have bank records of your Coinbase purchases( I have almost a hundred verifiable purchases from the bank). It’s a slightly more grey area if you purchased a mix of crypto via Coinbase your bank account and paper cash via coin flip BTC ATM’s. I’m a little worried about that aspect as I’ve been using both avenues. Chain link listed on normiebase is unironically a game changer.

>>14536954
Piggybacking on this as long as you call ahead to your bank before a large deposit from Coinbase, pay your taxes and don’t flaunt your wealth in normies faces like a retarded nigger rapper (hint this will cause jealous haters to report you to the IRS), the ZOG really isn’t gonna dig deep into your financials unless we are talking 10 million+. Sure they can monitor everyone’s shit but they certainly don’t, it’s mostly a fear tactic so they don’t have to be as thorough policing everyone if they have the goyim believing there’s a microscope up all of their financial asses for even a tiny discrepancy.

>>14534196
Send that money to paypal and you’ll never see it again. They will pull the lamest reason out of their arse if it means keeping your money. Ask me how I know.

>>14533024
https://vocaroo.com/i/s0rRCpyWL0fE

>>14538022
>https://vocaroo.com/i/s0rRCpyWL0fE
I didn't understand a single word you mutt

What if you’re a fucking retard like me, and you keep your Stinky Stack on binance but are thinking about sending it over to Coinbase soon?
How does that work with the tax man and bank when cashing out into fiat?

>usually large amount of money comes into account
>”yeah it’s from Coinbase”
>”...show us proof of where you bought it.”
>produces a bunch of screenshots from various shitcoin exchanges and all the shitty trades I’ve done over the past few years

Im guessing that won’t fly as proof of where I’ve accumulated wealth.

>>14539123
Why don't you just send some BTC to your Localbitcoins account and sell them for cash. There are a lot of OTC that handle big ass volumes.
I'm legit asking, I'm not American

>>14539259
*fbi money laundering sting*

>>14536587
we know you cant face the truth, you are a discord tranny after all

Are Coinbase transaction fees tax deductible?

>>14539402
Damn that would be nice

>>14537022
I'm a brainlet, when you pay taxes on cashing out do you pay like immediately or when you file your taxes?

>>14533024
i don't know anon, just buy and let's find out in next years