/biz/ - Business & Finance

Yes
No

>>55291458
fpbp

Cashed out 150k or so through SEPA/Swift since 2021. No issues, although I taxed on gains (22%) earlier.

Bought an apartment (20% down from crypto), they wanted documentation on initial funds into the market and approximatw how much i made.

Gave them that and my Koinly reports.

>>55291302

I bought BTC to use it.
If it's only successful enough to cash out back to fiat, but not enough to actually use it, then Bitcoin would have failed.

>>55291302
GIWTWM

>>55291302
yes
no
It wasn't millions or anything, 100k the first time, 250k the second time.

>>55291302
The tranny mod is an abusing schizo deleting threads and banning people for no reason.
Please report this piece of shit at https://www.4channel.org/feedback

>>55291302
Yes, close to a million.
No. The people at the bank are more accommodating the more money you have and will only try to sell you on their services.

>>55291458
This. 600k in 2021

notice from who? I sell it in cash

>>55291302
cashed out 3M. had to prove to the bank source of funds for KYC/AML. taxman still has two years to come and ask wtf was that

>>55291302
I bought 100 Link, and told no one, but afterwards I was getting approached by 10/10's all the time, it completely changed my life from a shy virgin to megachad overnight. Strange, maybe there is a scientific explanation for it

>>55291302
Cash out all of the time.
Notice from whomst?

>>55291302
those are men.

>>55294881
what happens after 2 years?

>>55294881
>Cashed out $3M
>Didn't use off shore bank
You were never meant to make it.

i cashed out five dollars and killed myself

>>55291302
Yep
Nop

>>55295042
That's why he's getting money out for them

>>55291302
Is that Shitwood?

>>55295054
statute of limitations on tax evasion.
>For tax evasion, it is six years from the last apparent act until the time the assistant US attorney files criminal charges against you. The IRS may have six years to audit you if they find during the initial investigation that 25% or more of your gross income was concealed.

>>55295348
>until the time the assistant US attorney files criminal charges against you
I aint heard shit from them. how do you know if they filed charges?

>>55294881
>had to prove to the bank source of funds
How did you prove this? Did you give them your transaction history or something?

>>55291302
They were underage 8 years ago you sick fuck!

>>55291302
i put in the trade exports into that one program, program gives me report to attach, i send my tax office like 10 printed pages cause they are backwards as shit. i laugh my ass off imagining some intern having to manually go through them just so i get to pay 0% tax in germoney.

>>55295054
>>55295348
this, but I'm not in the US, here it's 4 years
>>55295067
crypto was tax free when I sold, no need to go shady
>>55295512
yes, there was barely any trading involved anyway so it was easy. pretty much just proof of me buying the tokens and then selling them

>>55291302
Cashed out $2k once and never tried again

>>55291302

Bought $500 into Bitcoin, took it out when my investment was around $10k

only two crypto trades ive ever made.

>>55296673
Only $2k? At this point even with the current fucked up market you can get triple that by staking AVAX alone. Become a validator. Thank me later

>>55291302
The closest to it I have done is to make payments with crypto through CryptMi. I haven't

>>55291478
https://www.youtube.com/watch?v=vu5jwnLRCoI

Yes. $50k in 2021, $100k last year, $50k this year. I'm a good boy and pay my taxes.

>>55291503
Worry less about BTC & more about ME

>>55291302

What an embarrassing photo.

>>55299850
The market's a fucking shit rn, but yeah, it's better stack than hold rn

>>55300021
Embarrassing for who fag

>>55291302
yes
no

Yes, cashed out $5 and now I'm in prison for life. Please avoid crypto goyim

>>55291302
Cashed out 17k to pay off private student loans. This 17k was originally 100 bucks. I told my account about Uniswap but he had no clue what I as talking about. So, I never reported the transaction haha. I'm just a shrimp so I don't think the uncle sam will get me just yet. Maybe if I make over million idk

>>55291302
the day after i cashed out my bank wanted to verify my income

In seriousness the correct move is to work minimum wage jobs and dca weekly from 5x exchanges and withdrawal from 3 of them. Make it such a cluster fuck that no one will care until you are able to leave america

I cashed out $50k last year and paid my taxes. I don’t think it even matters. I’m in the gray area between being a big player and a small fish. But the whole system is so obtuse and convoluted that it’s clear they don’t want people to make it.

>>55291302
Me in the middle

>>55291302
i just buy amazon giftcards. i also give amazon giftcards as gifts to all family and friends for various events. i think they're starting to suspect me of something nefarious.

>>55291485
> What's your cost basis goy
> Don't know don't have it it was just at least a year ago

>>55291302
I just cashed out from PEPE, anon! Where were you hiding? And hey, if you're holding Krest tokens, there's an airdrop coming your way with Peaq tokens.

>>55301003
Poor soul stuck in the world of traditional banking. Those waggie crooks don't stand a chance against the power of decentralization. It's time to break free from their clutches and dive into the world of DePINs. Do your research, kid.

Is there a function to export all of your binance activity? My buys are years ago

>>55291302
I cashed out on UTK last bullrun dumbfag and I'm gonna do it yet again

>>55291302
I did.

I put it on the only exchange that would transfer it into leaf bucks, then the guy running it went to India and died, then they found out he gambled away most of the money, and a short 4 ish years later the company dealing with the bankruptcy sent me 13 cents on the dollar.

>>55291302
>Did you ever cash out crypto successfully?

Cash out? I pay my bills with Crypto via CryptMi so most of the time I don't bother cashing out.

>>55296673
Onchain staking of xMoney would have been a good way to earn passively for you but you chickened out like the wagie you are

>>55291302
Do normal people actually let hookers watch them use the ATM in real life? I know cucks and findom fags do that shit cause it's part of the fetish but I can't imagine it with regular prostitutes. That sounds more dangerous than fucking them raw. If I don't have enough cash on me, I just pay half and tell them I'll come back with the rest later. Later usually means next month but they never say or do shit about it.

>>55295348
>six years
who's gonna tell him?

>>55291302
Yeah, I've cashed out on some coins like VeChain, DOT, HBAR, and GALA. Now I'm pumped for Peaq and Krest to follow suit once listed soon. Hoping to score some sick gains, fingers crossed anon!

Cashed out half of what I had in jan 2018. to pay for college. Then I cashed out half of what I had in 2021 to buy a condo and diversify my assets. Still working a regular tech job but now I have a condo I own at a low interest rate that's big enough to support a growing family (my girlfriend recently moved in and I plan to get engaged this year).

So what is life-changing? Eh, not really. But it did speed up my life pretty substantially with having zero college debt and a home instead of renting right out of school.