/biz/ - Business & Finance

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SHITCOIN /rich/ Anonymous Mon Sep 25 07:11:49 2017 No.3612043 [Reply] [Original]

Is anyone here actually rich ($2MM+) from Bitcoin or other coins?

Did you cash out or are you keeping it in crypto?

How much of a pain in the ass was it to avoid/minimize the IRS getting their greedy hands on your money?

>>	Anonymous Mon Sep 25 07:13:27 2017 No.3612054 >>3612043 >irs detected

>>	Anonymous Mon Sep 25 07:14:30 2017 No.3612060 >>3612043 i threw away a few hdd's 2010 and one of them had around 4000btc. >feelsgoodman.png

>>	Anonymous Mon Sep 25 07:15:18 2017 No.3612067 >>3612054 kek

>>	Anonymous Mon Sep 25 07:29:50 2017 No.3612148 >>3612054 I'm just looking for experience/info on how to cash shit out safely. >>3612060 There are so many stories of people doing that I wonder how many Bitcoins have been removed from circulation forever.

>>	Anonymous Mon Sep 25 07:32:44 2017 No.3612163 >>3612043 >2MM >MM Mass Miles?

>>	Anonymous Mon Sep 25 07:34:24 2017 No.3612170 >>3612163 MM is just a standard way of saying million because some shit countries have a wrong definition of what a million is. M = 1000 MM = 1000 * 1000

>>	Anonymous Mon Sep 25 07:37:05 2017 No.3612186 >>3612170 M = million MM = 1e12 aka quadrillion

>>	Anonymous Mon Sep 25 07:37:56 2017 No.3612191 File: 34 KB, 640x480, imageshandler.jpg [View same] [iqdb] [saucenao] [google] >>3612170 Why not K (1000) and KK (1000*1000) I've never heard of M being 1000 >Then KKK for a billion

>>	Anonymous Mon Sep 25 07:38:59 2017 No.3612199 >>3612191 Roman numerals, but MM is standard financial shit.

>>	Anonymous Mon Sep 25 07:42:22 2017 No.3612221 No, only 1.4 mil here, still poor. Hope to be rich one day

>>	Anonymous Mon Sep 25 07:48:32 2017 No.3612258 >>3612043 >started with 10k >made about 200k off of crypto >transfer about 700 worth of crypto every month to my bank account to pay for rent/phone bill etc >take out whatever further amounts I need in cash at BTC ATM ezpz, No IRS yet

>>	Anonymous Mon Sep 25 07:54:10 2017 No.3612291 Is crypto really that profitable, or are penny stocks better?

>>	Anonymous Mon Sep 25 07:55:22 2017 No.3612296 >>3612258 Won't your bank get suspicious after a while noticing all of the money coming in? Withdrawing small amount can fend off the IRS but you bank will know the total amount received.

>>	Anonymous Mon Sep 25 07:56:57 2017 No.3612304 vcGcvex DELTA-V is recruiting. Join or become a pink wojak

>>	Anonymous Mon Sep 25 07:58:29 2017 No.3612316 >>3612221 How much is enough for you? I've been thinking the same. 10 million would be best

>>	Anonymous Mon Sep 25 07:59:31 2017 No.3612325 >>3612296 $8400 per year is almost nothing though. I'm not expecting them to get suspicious even if they did notice it.

>>	Anonymous Mon Sep 25 08:01:56 2017 No.3612337 >>3612316 thats around 1% of 1% of the entire crypto market cap as of right now. thats a sexy number to be at.

>>	Anonymous Mon Sep 25 08:03:35 2017 No.3612344 >>3612325 That's the point, I'm talking about withdrawing large sums of money, and the safest way to go about it.

>>	Anonymous Mon Sep 25 08:07:31 2017 No.3612369 >>3612344 Don't they have bitcurrency ATMs in places? Why is getting money an issue?

Anonymous Mon Sep 25 08:09:36 2017 No.3612381

>>3612369
ATMs normally have 5%+ markup and you cant withdraw large amounts of money from them. And even if you could its in cash you still have to deposit it into a bank somehow and then we're back to the original issue.

I don't think anyone is crazy enough to try to withdraw hundreds of thousands of dollars using Bitcoin ATM machines.

>>	Anonymous Mon Sep 25 08:13:33 2017 No.3612405 >>3612337 It's more like 0.001% of entire crypto market (100 billion)

Anonymous Mon Sep 25 08:14:24 2017 No.3612409

>>3612381
>I don't think anyone is crazy enough to try to withdraw hundreds of thousands of dollars using Bitcoin ATM machines.
There are legitimate uses of that much money though..
If you don't use cash in hand, why would huge amount of money flow be that suspicious?
If you made the money in arbitrage, etc, then what is the problem?

Unless you make money selling drugs that is :^)

>>	Anonymous Mon Sep 25 08:17:57 2017 No.3612430 >>3612405 0.001% would be 1 million. >>3612409 The point is having a bunch of cash is not useful, you want money in a bank that can be used for things, and getting it in a bank is generally painful for large amounts.

>>	Anonymous Mon Sep 25 08:22:40 2017 No.3612458 >>3612430 Then... use it? Make a business.. Do something with your life.

Anonymous Mon Sep 25 08:23:00 2017 No.3612459
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If i want to cash out a large amount (50k+) what is the best way to get it into my bank account without authorities sniffing around? I can travel and have an EU passport if that helps.

I want to keep every single cent I earned.

>>	Anonymous Mon Sep 25 08:23:56 2017 No.3612462 >>3612459 Offshore shell corporations in trust.

>>	Anonymous Mon Sep 25 08:24:10 2017 No.3612463 >>3612458 Have you tried to start a business using only cryptocurrencies as assets? Petty much any expense is going to need to be paid in dollars.

>>	Anonymous Mon Sep 25 08:27:34 2017 No.3612476 File: 37 KB, 620x349, it's business.jpg [View same] [iqdb] [saucenao] [google] >>3612463 You'd need a proxy asset to use yes. But it's possible. By lots of olive oil? Then sell in the country of where ever you want to obtain currency in?

>>	Anonymous Mon Sep 25 08:28:49 2017 No.3612484 >>3612463 Hang on, isn't there a currency that can be used to deliver gold?

>>	Anonymous Mon Sep 25 08:30:00 2017 No.3612491 >>3612258 How did you make that money? Altcoins or just holding btc?

>>	Anonymous Mon Sep 25 08:37:13 2017 No.3612535 >>3612170 > some shit countries have a wrong definition of what a million is Billion it is. Billion is either million^2 or million*1000. Million is universal.

>>	Anonymous Mon Sep 25 08:42:21 2017 No.3612581 >>3612491 That's 20x, Ethereum had a 20x earlier this year, so it could have been from that. >>3612535 Yeah you're right, I got them mixed up.

>>	Anonymous Mon Sep 25 08:43:39 2017 No.3612595 >>3612258 >>3612491 This, please enlighten us senpai. Also do you day trade or have a full time job or study.

>>	Anonymous Mon Sep 25 08:48:02 2017 No.3612630 File: 569 KB, 499x281, I'm gonna make him an offer he can't refuse.gif [View same] [iqdb] [saucenao] [google] >>3612491 >>3612595 My guess is "business".

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