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/biz/ - Business & Finance

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22513707 No.22513707 [Reply] [Original]

how do i cash out my btc without the gubbermint knowing?

>> No.22513763

first switch to monero, then sell monero for cash

>> No.22513797

>>22513707
U cant

>> No.22513860

>>22513797
i guess i could buy and sell gift cards?
>>22513763
liquidated my monero this week when the feds put a bounty on it

>> No.22513907

>>22513707
Don't commit any felonies Anon, it's like a badge the government puts on you so they can fuck you in the ass for the rest of your life.

>> No.22513941 [DELETED] 

>>22513707
you buy drugs online and sell them irl

>> No.22513958

>>22513707
Life's a beach and then you drown

>> No.22513970

>>22513860
>liquidated my monero this week when the feds put a bounty on it

ngmi

>> No.22513989

>>22513941
only realistic answer
>>22513763
lol, no

>> No.22514120

Buy a hong kong/Singapore shell business for a few thousand, link the business's bank account to coinbase and sell. Those countries have 0% taxes on capital gains.

Selling crypto is considered a capital gains transaction, therefore no taxes paid.

>> No.22514146

Localbitcoins? It has lots of scams going on, but like everything else it just takes not being retarded to not get fucked up. The reputation system is based on real transactions, and you have buyers with hundreds of thousands of verified transactions and like 97%+ positive reviews. To be sure, don't risk too much and divide the amount into several different sales, so in the rare chance one or two go bad, you don't lose too much. I use it often, not to hide from the government, but because sometimes I need fast cash, and as long as you have a method in place, it's pretty safe.

>> No.22514223

Why not just load up BlockFi and crypto.com with your earnings and convert the interest to stablecoins. This way you don't have to dump it, you can just live partially off the proceeds and avoid just selling them in case it pumps even harder in a few years.

>> No.22514257

>>22513941
kek
yes this is the stress free and low risk way to realize your assets

>> No.22514258

>>22513941
What's purse.io? Do the same but with real, legal stuff from Amazon (at huge discounts), and resell them IRL with no risks or problems.

>> No.22514357

>>22514257
If you have connections and you can offer several pounds of blow below market price, it is still cheaper and low risk than classic money laundering, somehow. You need to launder the drug money as well, but easier and cheaper than crypto gain laundering, I mean public blockchain
>ib4 a monero nigger comes along
explain to the irs why you cant provide information on where those mysterious 20K come from

>> No.22514377

local bitcoins, cash only.

>> No.22514428

>>22513707
>>22514377
Can you use crypto.coms card service? Or do they report to IRS?
That’s my plan Sam

>> No.22514458

>>22513707
you get an eth wallet and store usdc

>> No.22514652

U don't

>> No.22514674

>>22514146
If one transaction goes bad you'll probably lose more than you would paying your taxes. You also have to meet with shady dudes IRL.
>>22514258
Why the fuck would someone buy from you instead of Amazon if the price is the same? If you wanna resell you're gonna have to drop the price a little bit in the long run you'll lose a good chunk of money, it's also extremely tedious.
>>22514458
What can you buy IRL with USDC or Bitcoin, retard? Can you pay your bills with it, buy groceries?

>> No.22514721

Why give government an excuse to fuck you? Tax evasion is taken more seriously than murder.
Thats why billionaires and politicians built a system where they can evade tax in a legal way.
If you can evade taxes legally do it, otherwise bite the bullet and give government a handjob so they dont gangbang you in the future.

>> No.22514739

>>22514674
what about selling btc for paypal from a trusted seller?

>> No.22514754

>>22514146
Localbitcoins has as many glownigs as this board, probably still less than /pol/

>> No.22514755

>>22513707
Slowly purchase bullion.

>> No.22514804

>>22514755
requires kyc

>> No.22515241

>>22514674
>If one transaction goes bad you'll probably lose more
It entirely depends on how you organize the portioning for each sale, besides if you check reps properly the change of going dim is very, very tiny and unlikely loss > sure loss x1000.
>meet with shady dudes
What's shady about doing a BTC transaction in a public place with a well-repped guy? It's a public place, and he has way more incentive to behave well and not harm his rep/business than scamming you for what would be a small transaction compared to his daily volume. It's literally the same as meeting up with a dude from craig's list selling you his telly. If you're too coward to do that, then please just do whatever the government says about literally everything, because you were born for the cage in all senses.
>if the price is the same?
Doesn't have to be, you can get even 30% discount on purse and sell for -10%. But even if you don't, there's plenty of stuff you get on Amazon that is cheaper than local retail, and plenty of people who'd prefer buying and picking it up on the spot then deal with delivery and credit card hassle.

>>22514754
>Localbitcoins has as many glownigs as this board
So what? It's not a crime to buy or sell BTC, and that's all you'd be doing there. If you declare it or not later, that's on you and having the transaction there means nothing. Just if you do a truly huge single transaction, they'd know about you and may look into you. But doing huge single transactions is a bad idea anyways.

>> No.22515347

>>22514739
Paypal freezes accts left and right, if you're doing big transactions that seem to be coming out of nowhere. Once they freeze, you lost everything that's in there and have absolutely no resource to get back. That's why people on crypto are extremely against it.
However, what you can do is do only small transactions and transfer from PayPal constantly, so if they freeze it you only lose what is in there atm.

>> No.22515741

>>22514804
some do

>> No.22515864

There's nothing you can do if you're using it for purchases such as a car, home, paying off debt ect. The end result is the funds need to be in your bank account and if you put anything in they'll ask you where it came from. If you're just trying to cash out like 5k then just buy and sell gift cards or precious metals. You'll take an immediate loss on the premiums though.

>> No.22515887

>>22513707
You can buy btc off craigslist, verify on location, and cash out in panama.

>> No.22515916
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22515916

>>22513707
WHY IS THERE ONE OF THESE THREADS UP EVERY FUCKING DAY? YEAH LET'S SHARE EVERY ILLEGAL WAY YOU CAN CASH OUT ON A PUBLIC ANIME BOARD GOOD IDEA HURR DURR FUCK!

>> No.22515924

PAY YOUR TAXES NIGGER

>> No.22515926

>>22515347
It's all still linked to bank accounts and they have your ID verification ( I think ). The IRS can easily pull that shit and ask you why someone sent you 5k

>> No.22515943

>>22513707
https://www.apmex.com/search?q=&x=34&y=25&page=1&f_bulliontype=coin&utm_medium=adwords&utm_campaign=&utm_source=&gclid=CjwKCAjwzIH7BRAbEiwAoDxxTq9R0HeFdc-BJADRUHklGY1tvKQq8bd4nTtidZmwg_sqwnRwtwOlJxoCc64QAvD_BwE

>> No.22516070

>>22515916
the purpose of these threads is to check whether your favorite method shows up or not. if it does, time to change.
peace

>> No.22516359

>>22515926
Well, obviously, using a normal, personal PayPal account is not even remotely an option. The discussion would be about the possibility of adding it as a step on a chain of Localbitcoins > Paypal> other anonimizing possibilities. But still is moot, because Localbitcoins offers all kinds of transaction types, and many are more useful than Paypal.

>> No.22516634

>>22515916
No one is sharing full methods, and only retarded newfags are talking about illegal things. The purpose this serves is to gather a few ways to do fully legal transactions which can then be combined into many different methods, according to each's creativity.

>> No.22516678

>>22513860
think it through, does a bounty signal that monero is working or not?

>> No.22516699

>>22513707
Just pay your taxes retard