Cash-out Plan General /cpg/

[Anonymous No.24969897]

In this thread, we share our plans for cashing out after making it. Including, but not limited to, the best strategies to cash out in the next bull run, when do so, how to use available tax loophole to reduce (avoid) taxes, where to invest for a consistent and less volatile APY.

[Anonymous No.24969928]

i click withdraw

[Anonymous No.24969954]

Not cashing out anything unless it’s for a house

[Anonymous No.24969957]

>>24969897
I guess definitly keep it as a stable coin like USDC or USDT and then slowly but surely cash out to a random private bank account as needed. But i guess one would need to figure out a way to faciliate a larger purchase still like a big house or a car.

[Anonymous No.24969959]

Nice try Babylon

[Anonymous No.24969975]

>>24969897
>cashing out
>not living as a NEET collecting 5% interest from my holdings

[Anonymous No.24969993]

>>24969897

[Anonymous No.24970007]

Ladder out. Interest from Celsius. Stash half to buy in the bear. Stash half for lambos.

[Anonymous No.24970013]

>>24969975
How can you do that ?

[Anonymous No.24970052]

>>24969897
Go to nevada buy gold from a dealer with monero. Chill.

[Anonymous No.24970106]

never cashing out. fiat is dead.

[Anonymous No.24970158]

>>24969897
Why not just using one of those crypto cards and living on it?

[Anonymous No.24970172]

>>24969975
Celcius ? Do you need to KYC for it ? Is it really legit ? Isn't it risky to have a significant amount on there ? Can anyone do it regardless of nationality etc etc ? Will they report any of my gains to my government ?

[Anonymous No.24970175]

>>24969897

[Anonymous No.24970182]

>>24970172
Also in what currency should i keep it on there ? USDT ?

[Anonymous No.24970458]

>>24969897

[Anonymous No.24970592]

>>24970182
yearn. no kyc no restrictions. why do you think defi is such a thing?

[Anonymous No.24970712]

>>24969897
there is no way in hell I would pull out, and ruin those fur pelts

[Anonymous No.24970920]

>>24969897
My exit strategy is pic related. Sell 1/4 when my price target is reached (for ex 10x), 1/2 when I think we're at the peak (hopefully much higher), and last 1/4 if top is confirmed and there's no rebound -- but still above first price target. Skip selling final 1/4 if it's a project you believe in for life such as BTC/ETH/LINK, in which case just ride it down anyway.
>Fiat is dead brainlet
After selling either hold stables and wait 6-12 months for the bottom to buy back in, or just purchase other assets like real estate.

[Anonymous No.24971057]

>>24970458
I was mad at these posters but now I get it

[Anonymous No.24971239]

Depends how the ecosystem develops I guess.

Staking, farming, loans, liquidity etc. All of this is still in it's infancy. Not impossible that I would be able to retire on traditional ETFs next year but there is a new financial system being born right now. I think old strats may be slightly irrelevant by the time our stacks mature.

[Anonymous No.24971425]

I've got a 100k ADA suicide stack.

Aside from that I'm planning to just collect staking rewards on Tezos and Algorand for the foreseeable future and funnel those rewards into safer, tax exempt investments like municipal bonds.

[Anonymous No.24971438]

Start a ghostkitchen which makes 6/10 "ethnic streetfood", because rich people think eating food from another culture will make them cultured too.

Sell it off after a year for the same reason as above.

Fiat's dead, but thinking you're 'woke' or 'cultured' because you can use chopsticks or handle a shot of sriracha? that's forever baby

[Anonymous No.24971545]

Don't forget to save 40% for the IRS. :)

[Anonymous No.24971571]

Is it really that hard? Just cash out in small chunks
Benefit from that blockfi 5% yearly or whatever
And whenever you need a large purchase, make some otc cash deals or some shit, when the glowies ask said a friend lent you money

[Anonymous No.24971577]

>>24969897
still saving for house. It's gonna be a long time

[Anonymous No.24971656]

>>24969897
I'd like to make a deposit in her.

[Anonymous No.24971683]

>>24969897
don't cash out, just get a loan against your coin

[Anonymous No.24971807]

>>24971545
20% is the max. Live in a income tax free state as well.

[Anonymous No.24971993]

>>24971239
Seconded. I think we will see some good returns from simple pooling, why not just live off that instead? I’m done buying xrp, almost over my skis. If anything I’ll put some big money into flr and flare finance.

I will however buy an etf for 1m if xrp ever hits 100.

[Anonymous No.24972034]

>>24970172
Yes. No matter what you will have to KYC for your off ramp. Don’t keep your entire stack on there. Some earn enough on the interest just for passive income, especially at the middle/end of the bull. Then ladder out, put what you like into a stable coin and wait to buy back in.