/biz/ - Business & Finance

[Anonymous No.13757206]

Let's say we're at the top of the next bubble and we've all made it through and it looks like we might have another crash coming up, so it's time to get out for a while. Now what? Most of us have never been rich before and don't have offshore secret accounts and wouldn't even know how to set one up. Financial advisers won't help us out because we don't have the money in a form they're used to. Getting our funds out of Coinbase will have huge tax implications (US). And it's highly likely cryptos will be universally accepted at that point (I can't just buy a house anywhere, and there's still tax implications).

What are your exit strategies?

[Anonymous No.13757226]

>>13757206
migrate to a country that doesn't charge you insane tax for crypto

[Anonymous No.13757228]

>>13757206

[Anonymous No.13757264]

>>13757206

Marriage is outdated af

[Anonymous No.13757283]

there are many people who will buy your cryptos for dirty cash in South America

If only you knew..

[Anonymous No.13757307]

>>13757206
>Bitcoin is showing what real ownership means.
FTFY
Oy vey, ownership that cannot be revoked by violence is so terrible.

[Anonymous No.13757320]

>still living in a country that taxes crypto
>making it

[Anonymous No.13757430]

>>13757206
You got the same problem any "digital nomad" has. There's plenty to be found on banking & countries. It's still very niche but the resources exist.

The other thing is the news of 20-30something guys getting killed trying to trade btc above 100k are stacking up. Maybe you primary fear shouldn't be the taxman.

[Anonymous No.13757448]

>>13757206
>What are your exit strategies?
>implying I'll exit the crypto market
I can just short on Bitmex and I'll even triple to quadruple my earnings in no time. Of course I'll cash out a portion of my earnings (50-75%), I'm not stupid.

[Anonymous No.13757460]

Bitcoin > XMR > Get on a flight > Get off a flight > XMR > Bitcoin
?

[Anonymous No.13757471]

>>13757206
and they havent had to deal w monero yet. once word gets out divorce lawyers are going to be out of business and it will become a choice whether or not you want to get fucked over in a divorce as a man (based on whether or not you correctly structure your holdings beforehand)

[Anonymous No.13757549]

My dream is going to Puerto Rico, cashing out tax free, buying a savehaven barracuda and island hopping. That would be so amazing. Diving with whales in Dominica, eating conch in Bahamas, doing rich people shit in St Barth’s.

I hope ChainLink makes me $5M and I can do this. I’m a pretty misanthropic person and I think this would be a comfy life.

[Anonymous No.13757556]

>>13757206
BULLISH

[Anonymous No.13757585]

>>13757307

A baseball bat can still beat the encryption.

[Anonymous No.13757589]

>>13757549
If you are a US citizen you can't just go to PR and cash out tax-free. You have to live there for something like 5 - 10 years before the no capital gains tax rule applies to assets acquired prior to moving to PR. Taxation is theft and fuck the IRS, but read the rules before you do anything so you don't get fucked, anon.

[Anonymous No.13757608]

>>13757585
Good thing I carry a glock for dealing with Tyrone and the government can't use torture.

[Anonymous No.13757655]

>>13757585
no,only if the person decides to talk

[Anonymous No.13757658]

Dude, smallest offshore cards are like $1k and let you cash out up to 50k
With this pocket change youd be able to find the guyz wholl help you unleash ur millions. Dont panic

[Anonymous No.13757696]

>>13757608

I think if crypto does end up as valuable as most people here think it will the rules as we know them will be shown to be the toilet paper they are.

[Anonymous No.13757704]

>>13757658
Unless he puts a bullet in your head and parties up with his newfound millions.

[Anonymous No.13757729]

>>13757206
>>13757226
>>13757264
>>13757430
>>13757448
>>13757460
>>13757471
>>13757549
>>13757585
>>13757589
>>13757608
>>13757655
>>13757658
>>13757696
>>13757704
Have sex

[Anonymous No.13757762]

>>13757729
Had sex, what now?

[Anonymous No.13757768]

>discussing your finance with roasties
LMAO

[Anonymous No.13757786]

Just make a sell order on localbitcoins for cash? Ezpz
Bring a weapon

[Anonymous No.13757811]

>>13757762
Get the fuck out, normalfaggot.

[Anonymous No.13757824]

>>13757206
Dai doesn't have kyc

[Anonymous No.13757850]

>>13757729
Suck me

[Anonymous No.13757892]

>>13757206

>telling your wife about your fake internet money

LMAOOOOOOOOO

[Anonymous No.13757906]

>>13757206
>Getting our funds out of Coinbase will have huge tax implications (US
Huge tax implications?.
$0 to $39,375 - 0% tax
$39,376 to $434,550 - 15% tax
$434,551 or more - 20% tax

Hey shithead, you supposedly went from NOTHING to "millions". Cut 20% off of "millions" and you'll still have more than you ever would be able to accrue in the real world, AND you don't have IRS anxiety

[Anonymous No.13757911]

>>13757729
get disintermediated

[Anonymous No.13757922]

Seriously though if you're getting a divorce what stops you from buying crypto with all your money and then "losing" your keys. Paper wallet only obviously. Any laws against this?

[Anonymous No.13757943]

>>13757922
yeah but it's run on the honor system

[Anonymous No.13758078]

>>13757922
>Seriously though if you're getting a divorce what stops you from buying crypto with all your money and then "losing" your keys. Paper wallet only obviously. Any laws against this?
Is your fear of divorce related to the idea that the women is earning much less than you and thus gets a lot of 'your' earnings? Because you're marrying wrong if that's happening. If you marry someone who earns the same, you divide the assets equally which means you break even since you both contributed the same. I don't get the anxiety. If you don't want to get fucked over in a divorce, don't marry an unemployed wench.

[Anonymous No.13758124]

>>13758078
I'm an engineer. She works on HR. So my earning potential is 2.5x hers.

[Anonymous No.13758159]

>>13757228
I am a brainlet. What does pic related mean?

[Anonymous No.13758161]

>>13758124
>potential
rofl, you're cute

[Anonymous No.13758182]

>>13757585
Have a second private key for a smaller wallet so you have plausible deniability

[Anonymous No.13758183]

>>13757762

Don’t LARP, faggot.

[Anonymous No.13758184]

>>13757729
Wow.

[Anonymous No.13758192]

>>13757824

Which DEX has decent enough liquidity to stable up in DAI? Lmao, I’ll wait.

[Anonymous No.13758407]

>>13757430
Oh really? https://www.newsbtc.com/2019/02/06/ceo-who-held-150m-in-crypto-died-in-a-region-known-for-having-a-fake-death-mafia/

[Anonymous No.13758472]

>>13758159
I really hope you're trolling, but it obviously means that Bitcoin will become the go-to form of monetary exchange and "cashing out" won't be necessary.

[Anonymous No.13758508]

>>13758192
Bancor is pretty good.

[Anonymous No.13759049]

I have no crypto, I just want out of the debtjew. Give me money anons

[Anonymous No.13759121]

>>13757228
spbp and old as fug

[Anonymous No.13759200]

>>13757206
anything bad for lawyers is good for the world

[Anonymous No.13759213]

>>13759049
me too. please.

[Anonymous No.13759430]

>>13758407
>one fake dead disproves everything

https://ethereumworldnews.com/a-24-year-norwegian-man-killed-after-selling-his-bitcoins/
here's an example, go ahead disprove it.

[Anonymous No.13759503]

>>13757228
Seen this back in 2013. The only true answer, oh yeah. All things considered, we are the first men alive who can truly secure our wealth. Your money is a key in your head, inseparable from you. You are your money.

[Anonymous No.13759551]

>>13759430
Killed by a somalian too

[Anonymous No.13759612]

>>13758078
t. Underage

[Anonymous No.13759657]

>>13758078
Women who make as much money as you are hardwired to leave you for a man who makes more.

[Anonymous No.13759662]

>>13757589
1 year, it's still US soil and it's the same as every other state

[Anonymous No.13759705]

>>13757608
>and the government can't use torture.
I'm guessing you've never dealt with the US government before

[Anonymous No.13759724]

>>13757906
even though our taxes are being used to exterminate our race and make us slave goyim I'm paying my taxes so I can at least enjoy the few years before collapse

[Anonymous No.13759725]

bitcoin for gold. Hoard gold.

I told my gf I only had a few hundred in crypto (she saw me trading).

[Anonymous No.13759735]

>>13758472
Way too many redditors here. Go back

[Anonymous No.13759751]

>>13759705
They won't use outright torture. Locking you in a cell with five ni ggers? That might happen

[Anonymous No.13759793]

>>13759751
yeah exactly
I got arrested for marijuana possession and the guards took my socks, underware, and put me in a cell with 4 beaners where I had to sleep on the floor
there wasn't any clean water, air conditioning, I used old sweaty dirty paperback books as pillows
had to immediately go into debt for spare dirty socks/underware

and that was for basic drug possession I couldn't imagine what you get for ripping the government off 6/7 figures

[Anonymous No.13759844]

>>13758407
FAKE DEATH MAFIA UP IN THIS BITCH

[Anonymous No.13759847]

>>13759793
Up in Canada Trudeau retroactively purged the records of marijuana offenders. You better hope boomers are kicked out soon and real change to drug laws can happen.

[Anonymous No.13760004]

>>13757696
I'm not sure if it will happen that soon, might be another decade before we really see it, but then again everything seems to develop more quickly with the advent of the internet. I think we will see the same phenomenon that is happening in the job market. Basically it's been an employer's market for 20 years and now with the recent shift all the sudden businesses are being ghosted left and right because they have no idea how to mitigate turnover. They are so disconnected they cannot recognize that they are losing employees because they pay them a pittance and treat them like shit. They've inadvertently constructed these swollen, bureaucratic institutions that placate to nonsense like diversity instead of actual efficiency and merit. The companies that are surviving have either hoarded enough cash to weather the storm or they can uniquely grasp the importance of cutting waste and compensating their valuable workers. Likewise we will see citizens being treated like customers instead of cattle for the first time and as you know /biz/, the customer is always right. The advent of encryption, zero knowledge transactions, and digital cash will mean that governments no longer have compulsion over money via printing and taxation like they have for the last 500 years or so. The governments that choose to hold onto these legacy power structures will have the most to lose, because the ones that capitulate to welcome innovation will experience enormous transfers of wealth. All of these legacy systems are fighting to suppress the advancement of crypto because open source projects and decentralization completely disrupt the gilded cage they have built to protect themselves for generations.

[Anonymous No.13760061]

>>13757206
If you don't like the system consider bitcoin one of the only weapons you can use to fight against it. Take it down one satoshi at a time.

Use wasabi wallet to "loose" all of your coins after you pull them from tyrant owned on ramps.

[Anonymous No.13760112]

>>13760061

Blatant poojeet

[Anonymous No.13760177]

>>13757206
>he thinks he can cash out

lmaooooooooooooooooooooo

[Anonymous No.13760229]

>>13757729
Moron

[Anonymous No.13760772]

>>13757762
Gtfo normalfag.

[Anonymous No.13760818]

>conbase

hahahahaha
LOL
HAHAHHAHA
hahaha
HAHAHAHAHAHAHAHA

Move to somewhere that lets you make money you fucking useless faggot.

[Anonymous No.13760860]

>>13757906
What are implications of cashing out like 10k at a time over and over. What's the likelyhood of an audit?

[Anonymous No.13760972]

>>13760860
if you're going thru the banking system regularly 100 percent

[Anonymous No.13761147]

>>13757283
South american here, can confirm, take my money.

[Anonymous No.13761215]

>>13758078
What kind of retard hires a career woman? LOL

[Anonymous No.13761239]

>>13757460
XMR > BTC definitely not suspicious and would never be flagged as potential whitewashing
Topkek

[Anonymous No.13761240]

>>13757206
>coinbase

Well anon, you could have tethered on binance from 19k to 3k and bought back in if you knew the future, so that's an option.

[Anonymous No.13761292]

>>13760004
jaw droppingly based and inconceivably redpilled

[Anonymous No.13761425]

>>13760004
Add something about killing low iq monkeys whole sale and then I’ll call this based