/biz/ - Business & Finance

>>28392319
ethereum -> USDC on uniswap

noone will know except if they stalk your ether address but noone fucking cares

>>28392446
So transfering my BTC to ETH at an ATH, then to USDC. Buying back when the price is lower?

>>28392563
yes, just get into a stable coin on a DEX because exchanges are bullied by the mafia i mean government to send peoples trades for taxes

>>28392319
Just cash out and put it on some etf
if you invest 100% you won't have any gains on the book.
There's literally no way to evade taxes unless you change your nationality.

>>28392685
But I still want to reinvest into BTC when it tanks one day.

>>28392319
i would just hold onto the btc, myself, but if you insist on doing that then i would recommend converting the btc to xmr

>>28392685
If I cash out at profit and reinvest those profits into something else, you are saying I won't have to pay taxes on the first investment until I cash out the second?

>>28393034
There's a reason the saying is "death and taxes."
The IRS has an infinite labor pool and an infinite amount of time to look into the little mundane details of your tax return.
They pay sad little people to comb over them with red pens.
Then those people transfer them to even sadder people who examine them even further.
And on and on it goes.
And maybe a few months down the road, maybe a few years down the road, you receive a letter in the mail informing you of a discrepancy you need to clear up.
You don't keep receipts, you don't even have a file cabinet. You are fucked.

Just open a short position at BitMex at 50K and close it at 30K.

>>28393441
Yeah well we have DEFI now, those fuckers can eat it.

What are you gonna do send your muscle after me?

Oh well you have trillions in fiat you stole from people while I have quadrillions in bitcoin, and im just going to buy your muscle with that right now sir.

Now how is that?

Now pay me the tax you owe me on those dollars after we force you to change it into the new world crypto currency

>>28392319
There's no exit strategy

>>28392794
Yeah obviously
I'm waiting for that too
>>28393034
>>28393441
Basically this you will end up being more transparent to (((them)))
You can always do a residency-by-investment in a tax heaven shithole and "show" your books there.
You're looking at $100k property/land purchase or some other investment related to country's economy.

>>28392319
Where are you from?
Here in EU we have bitcoin ATMs and some stores. They take around 10% and you need several trips to cash big amounts tho. Too much cash is a pain in the ass too

>>28392319
Anon you can trade without KYC on Binance but they have a 2 BTC per day withdraw limit.
So just convert BTC to USD/DAI and hold it?
Both these stablecoins survived the March gigadump, so I am sure it’s as safu as it gets. Plus APY on stablecoins is pretty juicy.

>>28394972
Finland, Cash isnt what I need
>>28395198
Thanks

>>28392319
Change your BTC to 50k USDC (A coinbase backed stable coin)
If you wanted to invest the 20k in a stock or something there are mirrored coins like mamazon that are backed by the actual stock. That's your best bet. I would suggest keeping these in some kind of wallet instead of an exchange aswell.

>>28392319
are you a French fag ?

>>28395485
>>28395335
shit did not see

>>28392319
USDC is fully backed and redeemable

>>28395335
Btc -> Binance -> Sell BTC for USDC -> Withdraw to your Ledger or other eth wallet. Optional use the USDC to earn interest on Celcius or Blockfi (safe), yield farming apps like curve, yfi, etc (risky).
When a dump happens, reverse the process.