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/biz/ - Business & Finance


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21289208 No.21289208 [Reply] [Original]

how do you cash out 1mill.

>> No.21289263

He thought he could cash out

>> No.21289268

honest answer is sell it on coinbase, patiently wait while they transfer it to your bank account (after calling your bank and informing them of the incoming amounts and their source to ensure no fraud flags are set), then report it factually and accurately to the IRS

real answer is you don't cash out and instead hold until you can make direct crypto purchases in 3 years you fucking non believer fiat-worshipping scumbag NIGGER FAGGOT

>> No.21289307

>>21289268
theres withdrawl limits on coinbase. no stablecoins.

>> No.21289575

>>21289268
Serious question:
Will you still have to pay taxes when you make direct purchases?

>> No.21289610

>>21289575
How can they prove the transaction occurred? And with who?

>> No.21289636

>>21289208
>get mco card
>liquidate x of your value
>deposit smol amounts to card account and pay for daily shit with it

>> No.21289674

>>21289268
Coinbase has 10k withdrawal limit though

>> No.21289683

>>21289674
it's 50k, and u can email them to increase it

>> No.21289699

>>21289610
I can see chain analysis tools + stores etc reporting their income wallets giving the government the ability to track most legit purchases automatically, eventually

>> No.21289702
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21289702

>>21289208
Wait 5 years until Reserve is accepted at every point of sale worldwide, then cash out anonymously to RSV and become a tax evading international man of mystery

>> No.21289712

>>21289674
10k daily?

>> No.21289728

>>21289268
This is how you lose all your money.

>> No.21289731

>>21289307
There is? What are they?

>> No.21289756
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21289756

>>21289268

>> No.21289762

>>21289208
We're all going to have this problem eventually, let us know how you go, OP.

>> No.21289796

>>21289307
Can’t you just cash out to fiat on coinbase and slowly deposit the it day by day to your bank?

>> No.21289813

Xmr to btc to gold

>> No.21289826

>>21289208
move it all to tether and withdraw 100k per week with coinbase.

>> No.21289848

>>21289796
Do you really need someone to confirm that for you? Use your brain.

>> No.21289857

GOLD, RETARD

>> No.21289881

>>21289674
25k by default but they are usually willing to increase it if you have a high enough balance. They just want to file with the IRS for huge amounts so they don't get a flashlight up their ass.

>> No.21289973

>>21289683
>>21289881
its 10k for me, but im eurofag so maybe that has something to do with it.

>> No.21291152

You convert it to USDC and then lend it to something like blockfi and enjoy a passive income of around 70k per year.

>> No.21291177
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21291177

>>21289268

>> No.21291235

>>21289268
Based AF
>>21289208
Buy gold on exchanges that accept crypto and simply start stacking gold, or sell gold for cash, then go gambling at the casino

>> No.21291241

>>21289268
Fucking based.

>> No.21291243

>>21289610
Ok so in Australia the moment you purchase, that is a tax event. The moment you gift or transfer OUT of a wallet you control is a tax event. So I hope there’s nothing linking your wallet with all your coins to the exchange you use in your country, because they will most likely report each and every Incoming transaction to your tax department Where they can then see the blockchain and which wallet it came from

>> No.21291253

>>21289702
>cashes out
>can only spend it in Venezuela

>> No.21291259

tether up nword

>> No.21291296

>>21289826
See >>21291243

>> No.21291337

>>21289268
What are the chances you wear masks in public?

>> No.21291357

>>21291259
What happens when the dollar crashes?

>> No.21291414

>>21291357
$1mil wont crash it nub

>> No.21291485

>>21289731
30000

>> No.21291513

>>21289208
If on coinbase swap to DAI
Withdraw 30,000 every few months to accomodate limit
Record every transaction and calculate capital gains made from LINK to DAI.

>> No.21291527

>>21289268
absolutely FUCKING BASED

>> No.21291551

>>21289268
Yeah, I'm thinking based

>> No.21291561

>>21291414
That’s not what I meant

>> No.21291817

>>21291337
what are the chances that you're fat and from a flyover state?

>> No.21291833
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21291833

>>21289263
oh no no no no

>> No.21291859

>>21291817
So..you do then?
And zero. Just like my chance of death if I don’t wear a mask and catch the rona’.

>> No.21292032
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21292032

>>21291817
>saying “flyover state“ unironically

>> No.21292094

>>21289699
Wont be a problem if stakenet integrate monero in the future. Quick trade from the dex from your currency to monero then Back to your original coin. No trail.

>> No.21292109

You can't cash out anon, didn't you learn anything from 2017?

>> No.21292118
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21292118

>>21291817

>> No.21292145

>>21292032
Funny part is I am actually a farmer.
But don’t live in the US.
Not wearing masks is for the plebs. You see the sentiment everywhere.
The same people who said Rona wasn’t going to be an issue in Jan-March and saying otherwise was a conspiracy theory are now the ones wearing masks and lining up for vaccines.
After a 0.04% death rate has been established for people under 70. And what..12% for over 80?
Economy is destroyed. Civil liberty is being dissolved daily but yea. People who don’t wear masks are the fucking morons.
Good luck trying to stop a 0.06-0.14 micron virus with an N95 mask that can’t even stop dust particles, fucktards.

>> No.21292169

>>21291253
based everythings cheap

>> No.21292194

gotta have a milli to cash out a milli do u feel me nigga? shhiiiiittt