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/biz/ - Business & Finance

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23776764 No.23776764 [Reply] [Original]

What is the best way to take profits without cashing out to USD?

>> No.23776779
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23776779

shhh n-not here, fren

>> No.23776786

Stablecoins?

>> No.23776799

>>23776764
by going back to whatever hole you came from

>> No.23776813

>>23776764
Binance card, unironically

>> No.23776815

>>23776764
buy bicycles and video game consoles directly with your BTC so you can sell them later.

>> No.23776816

>>23776764
Cashing out is a meme. How new are you?

>> No.23776892

>>23776764
USDC, DAI, etc

>> No.23776911

>>23776764
Take loan from aave, you wont lose your crypto

>> No.23776930

>>23776764
find hookers who accept payment in crypto

>> No.23776946

>>23776764
>he thinks he can cash out
anon, i...

>> No.23776981

>>23776892

This, but remember it's a taxable event if you're a burger and you can't pay your taxes with dai

>> No.23777278

>>23776981
But how will the tax man know when I convert ETH to LINK if I never cash out?

>> No.23777289

>>23776815
yea lemme sell $800'000 worth of bicycles and consoles. It's gonna be quick

>> No.23777295

>>23776764
Depends on the reason why you don't want to cash out to USD.

>> No.23777313

>>23777278
If you trade on an exchange with KYC then your government can easily get your trading history.

>> No.23777328

>>23777313
I have only been using crypto.com to buy and send crypto to my metamask, then I use uniswap to convert

>> No.23777343

>>23776930
Become a pimp who allows his hookers to accept payment in crypto*

>> No.23777344

>>23776764
Uniswap to tether

>> No.23777424

>>23777328
I've never used crypto.com.
But if you deposited money from a bank account/ credit card then your bank/ government knows that you have bought crypto from crypto.com. And if your government/ bank gets suspicious they can ask for your trading history from crypto.com. For some countries (e.g. most of EU afaik) exchanges have to submit all trading histories above a certain threshold. All of your uniswap trades can easily be tracked as the blockchains are public (and some governments have tools to easily track them).

>> No.23777458

>>23777424
I almost hope the IRS audits me. I've lost so much money trying to hit moons with defi they'll end up paying me to stop.

>> No.23777554
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23777554

Uhhhhh
Hmmmmm
LEt's see
It's been used for over 5,000 years and is recognized the world over (only truest form of economic globalism)
It has no counter party risk
and yet
Yet everyone shits on it
HMHMMMMMMMMM REALLY RUSTLES THE JIMMIES

>> No.23777568
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23777568

>>23777554
>off by one
just kill me already

>> No.23777842

>>23777458
Kek, the best part of this story is that they'll still want to be paid based on the dollar value at time of trade/transaction

>> No.23777900

>>23776813
Every transaction on this card is a taxable event and will be reported to the authorities.

>> No.23778053

>>23777900
It's a possibility they report it yeah.
What do you suggest doing then?

>> No.23778063

>>23776911
then what? you have to repay your loan at some point?

>> No.23778109

jmbullion accepts crypto

>> No.23778988

>>23778109
this is the way to go, 100%

>> No.23778999

>>23776764
buy MTG cards

>> No.23779011
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23779011

>he doesn't know

>> No.23779028

>>23776813
you're fucking retarded

>> No.23779142

>>23778109
>If your order totals over $3,000, you will be required to verify your identity
kek'd

>> No.23779378

bitcoin atm, you need kyc over $1000 dollar transaction, just make a lot of small transactions.

>> No.23780099

>>23776764
Cash to usd then move to different asset class

>> No.23780289

>>23779142
so do a bunch of 2.9k orders

>> No.23780333

>>23777554
The fact that you can buy shiny rocks with crypto is kind of a dead giveaway on what the play is here

>> No.23780358
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23780358

>>23777900
FUCK

>> No.23780364

>>23777424
buy eth on kyc'd exchange
send to metamask
deposit eth in tornado cash
withdraw to unassociated metamask
untraceable

>> No.23780405

>>23776764
cashing out to euro

>> No.23780419
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23780419

>>23776764
Dogecoin.

>> No.23780432

>>23780364
elaborate pls