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18641139 No.18641139 [Reply] [Original]

Let's say you invested in some meme crypto.
Let's say it took off and you made insane leverage and now own 10 million dollars.
How much would you take out?
In what currency? Will you pay insane taxes?

>> No.18641157

I would take out all of it and pay the 50% tax if that's what it took. 5 million is game over money if you're not an idiot.

>> No.18641190

>>18641157
Why pay (((them))) tax when they can just print 20 trillion anytime they want?

>> No.18641210

>>18641190
This
>>18641157
Cuck

>> No.18641256

>>18641190
How exactly are you going to spend/invest it without explaining to the IRS where you got a pallet of 100 dollar bills.

>> No.18641341

>>18641256
There is always a way.

>> No.18641401

>>18641190
>>18641210
>>18641341
how do you cash out safely then? Withdrawing this amount from Bitcoin ATMs is unsrealistic, and no way in hell im keeping 10m in Tether. Even if I spread my money across all big stablecoins it’s still risky

>> No.18641505

>>18641139
>How much would you take out?
8 Million
>In what currency?
Bahamian Dollar
>Will you pay insane taxes?
Ha ha, NO.

>> No.18641550

>>18641139
at 10 mil, I'd take out max 2mil. it could still be cashing out too earky, with 2m you can live modestly but comfortably
>>18641401
>I cashed out 400k+ via bitstamp and had no problems. I intend to cash out 7figs there when I'm ready. you have to tell your bank though

>> No.18641556

>>18641401
Iv always wondered how to actually cash out big money. I honestly never expect to see numbers that large lmao. Im like 10k in link after buying the dip so who knows

>> No.18641587

>>18641556
Imagine if you actually make it and you'll have to literally think and plot about how you're gonna take the money out on your way to the bank.

>> No.18641598

>>18641139
I cashed out $500K LINK and ate the 30%. I still have $250K in LINK and about $125,000 in UND I will only sell when my post tax is $5M.

>> No.18641679

>>18641587
So would the right move be to trade the amount i want to cash out into stablecoin, pay the tax on the gain once its transferred, then cash out the stable coin over time?

>> No.18641720

>>18641679
Most likely, i don't know how you would not pay the taxes if you intend on spending your newfound wealth.

>> No.18641728

How do you not mess your car up with shit on the road or speed bumps?

>> No.18641745

>>18641139
At that point I just leave the US to live in a crypto haven country for a few years, enjoy the sights and beauty of nature with my new wealth.
>>18641728
Modern lamborghini cars come with adjustable ride height that allows you to select how high it rides above the ground

>> No.18641767

To answer your question about what it would be cashed out into, enough for me to live comfortably would be turned into hard assets and real estate that can provide me with income. The rest will remain in crypto.

>> No.18641826

i would find someone to launder the money and deposit it in a foreign bank account and flee the country

>> No.18641832

>>18641556
>>18641598
LINK LAW

>> No.18642455

>>18641139
>How much would you take out?
Like 75%, and invest in tangible stuff like terrains.
Rest keep investing in digital meme numbers and using some DeFi stuff.

>In what currency?
Well, USD of course.

>Will you pay insane taxes?
Hehe, nah, to whom? the US government?
I just transfer my crypto into several different wallets and then pay the exchange fees or sell them through Localbitcoins or other P2P systems. Different bank accounts, in some tax heaven like Panama, Ecuador or Cayman Islands. I aint paying shit to USA jews.

>> No.18642646

>>18641728
It's a meme car. Race cars belong on a track, that's where the whales play