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28665341 No.28665341 [Reply] [Original]

Do you convert everything to USDT/USDC?
Do you buy more BTC?
Do you cash out and pay your taxes?

If it was 2018, I would just use something pegged to USD or cashed out, but the impending hyperinflation scares the shit out of me.
Do I seriously need to buy boomer rocks?

>> No.28665415

My exit strategy IS FUCKING MY ASS WITH A CARROT AND SNIFFING IT AHHHHH FUCKING BRAP CARROT SO BULLISH BACK IN YOUR GO GOOD NIGHT LITTLE CARROT FAIRY AHHHHHHHH

>> No.28665514

>>28665341

Convert BTC to PAXG

>> No.28665598

>>28665341
The hyperinflation is why 'exit' is in several months/a year. Why do you think democrats say 2025 for 15 dollar min wage? Because by 2025 15 dollars will be nothing and most college entry level shitwork will be 22 an hour.

>> No.28666084

>>28665514
>PAXG
Are they reliable? I don't trust Tether enough to convert to USDT, for example.
>>28665598
Well, if this is the case, then I can still exit to the currency that is not USD.
What is the most stable country in the world, Switzerland? I may convert to their franks.

>> No.28666633
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28666633

>>28666084
>anons literally movve to switzerland to avoid american hyperinflation

>> No.28666850

Convert to USD immediately purchase property.

>> No.28666924

>>28665341
I would convert everything to eth and not move it for 5 years. Guck fiat

>> No.28667044

>>28666850
Well, my gains allow to buy a couple of apartments in Eastern Europe...
Maybe this is the way to save money.
Thank you for advice.

>> No.28667109

>>28665341
>What is your exit strategy?
Shitcoins to 1mm, then to\ XMR for life.

>> No.28667157

>>28666924
>not move it for 5 years
Anon, I don't want to wait for 5 fucking years to finally start living.
I am already near 30, I need those money to start a family.

>> No.28667268

>>28666924
Finally eth 2.0 will come out an eth will be worth 300 dollars again lol

>not going polka or cardano

fucking loser

>> No.28668032

BTC > Monero at BTC peak, then darkweb market cash in mail vendors

You will take a 10%+ hit due to the vendors conversion rate but its 10000x better than paying taxes

There is no way to go from crypto to checking account without losing massive amounts to taxes if thats what you want, sorry

>> No.28669426

>>28667268
>DOt
>ADA
hahahahahahahahahahahahhhaaahhaha ahhhh ahhhhhh
Thanks i needed thT anon good laugh.

>>28667157
Start a family wtf you doing hiring a surrogate? Crypto is about generating yield and passive income so you can retire bro

>> No.28669852

>>28666084

They're saying that there is an equal amount hold physical gold for each PAXG token but I don't know

>> No.28669935

More BTC every time.

>> No.28670108

The only exit strategy is to bitcoin or eth.

>> No.28670151

>>28665341
9mm aspirin.

>> No.28670172

I will aim to dump for stable coins but only to ride the main part of the BTC dump. I will re-enter BTC / ETH relatively soon (probably within 6mo, no need to get the absolute bottom) and get going with alt plays pretty quickly. Last time, by summer 2028 there were amazing alt plays happening and I was fully back in.

>> No.28670206
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28670206

>>28665341
>What is your exit strategy?

>> No.28670378

>>28670172
>Last time, by summer 2028
hello fellow time traveller

>> No.28670391

>>28665341
you seem to be implying that converting to a different crypto is not a taxable event, anon. You ARE reporting the profits you make from conversions, correct?

>> No.28670414

>>28666850
This is great advice

>> No.28670419

>>28665415
So you're a rubic holder then.

>> No.28670587

>>28665341

OF COURSE I'M CONVERTING ALL MY APPRECIATING ASSETS INTO A FIAT CURRENCY THAT LOSES 15%+ OF IT'S VALUE EVERY YEAR

IT'S THE MOST INTELLIGENT THING ANYONE COULD DO

>> No.28670774

The exit strategy is living off interest from bitcoin lending. Never have to work again AND never have to sell any. Have your cake and eat it too.

>> No.28670894

>>28665341
>Do you cash out and pay your taxes?
Do I unironically have to report crypto? I make less than 30K a year right now bros including crypto and stonks and I have so many expenses. This was my first full year of wage cucking god damn it was miserable too.

>> No.28671047

>>28670774
The big question, through what platform do you do the lending?

>> No.28671710

>>28671047
I'm not lending any atm. I'd rather wait a few years for the lending market to mature a bit. Problem is services like BlockFi are not that transparent about how they're lending, and what could actually cause risk of loss. I'm hoping in the future there will be platforms that are more transparent and less risky, even if it's a lower rate.

>> No.28671760

>>28666850
>exit one bubble to enter another

LOL

>> No.28672234

>>28665341
" the impending hyperinflation"
yeah if you listen to alot of hedge fund and company guys like raoul pal, they are all scared shitless of some kind of inflationary debt wave that is seems to be coming.
from jack dorsey (may he die painfully) to elon musk
raoul pal says he sees eth at 15k a coin in this cycle.

>> No.28672257

>>28671710
Fair. I think lending and having passive income through crypto is a really nice way to not having to exit an appreciating crypto market for a fiat one, don't know the taxes part of it but it's the most attractive exit strategy along with buying real state imo. Like you said, hopefully a better solution comes our way

>> No.28673124

>>28665341
Take wallet to none kyc exchange, convert all to Monero except my initial investment and put that back into bank account.
Exit strategy? I have no gains at all!