/biz/ - Business & Finance

[Anonymous No.4531951]

>tfw you realize you can’t cash out of crypto

[Anonymous No.4531958]

>>4531951

but you can

[Anonymous No.4531960]

>>4531951

cashed out 5k this morning nigga

[Anonymous No.4531966]

>>4531951
One day, you won't half to :)

[Anonymous No.4531969]

>>4531951
wait what? You're telling me these things are fake and the volume is fake too? GIVE ME BACK MY FUCKING MONEY RIGHT NOW. ROGERRRRRRRRRRRRRRRRRRRRRRRRR

[Anonymous No.4531985]

>>4531951

WHAT

[Anonymous No.4532020]

>>4531951
>what is localbitcoins

[Anonymous No.4532041]

>>4531951
Why?

I just cashed 1BTC now to my local currency (BRL).

[Anonymous No.4532081]

[Anonymous No.4532087]

>>4532041
What is it about the southern states of Brazil that make them so safe and prosperous?

[Anonymous No.4532090]

SERIOUSLY, WHAT?

[Anonymous No.4532109]

A better question would be how to minimize tax, how to be in the okay with banks with your crypto gains and how to buy a condo or house. Anyone?

[Anonymous No.4532142]

>>4531951
You won’t want to let go of your crypto anyhow. Soon you will be able put your crypto up as collateral and borrow a stable coin and pay off your debts. Maker is the project you want to look out for.

[Anonymous No.4532151]

>>4532081
this is fucking stupid.
usd value proportional to country's gold reserve

theres no way btc replaces usd.. before that government is going to rape crypto with taxes or even ban it

[Anonymous No.4532427]

>>4532087

more whites

[Anonymous No.4532458]

>>4532151
>usd value proportional to country's gold reserve
The fuck? No.

[Anonymous No.4532479]

>>4532151
Please tell me you're not actually this retarded that you think that's how US monetary policy works?

[Anonymous No.4532496]

>>4532151
Am I being trolled?

Baited maybe?

[Anonymous No.4532523]

>>4532109
can someone answer these fuckin' questions please

[Anonymous No.4532571]

>>4532523
Cash out and pay capitals gains tax...Just pay the tax and avoid the ass rape...

[Anonymous No.4532603]

>>4532109
If you make enough money you can just pay your taxes and still have so much left that it doesn't matter. If you can't make at least that much then why are you even bothering with crypto?

[Anonymous No.4532625]

[Anonymous No.4532642]

>>4532109
hold for the same coins for a year and get those long term gains if youre in the us

[Anonymous No.4532661]

>>4532642
This .... 15% on 5 million is only 750,000... you can easily live off 4.25m luxuriously for the rest of your life off interest gains baby

[Anonymous No.4532691]

>>4532571
>>4532642
this. I made 2500% profit, I think I can afford to pay 15% tax on that.

It sucks, because you do lose a % of your bitcoin holdings, which we are all trying to increase. But Uncle Sam owns your soul SO YOU HAVE TO PAY TO PLAY.

[Anonymous No.4532710]

Currently can't crash out of crypto because bittrex has lower my withdrawal limit to 0 BTC. FOR NO FUCKING REASON. FUCK YOU BITTREX!

[Anonymous No.4532743]

>>4532691
20 to 30 %
>>4532710
Same here WTF....

[Anonymous No.4532773]

>>4532710
>>4532743
Bittrex sounds like a piece of shit, is Binance better to use?

[Anonymous No.4532789]

>>4531951

Send your Bitcoins to me and I’ll cash them out for you. My dad works at Bank Of America.

1FikaRBMLw2AnyR5vGonqWLVHN124Hbbba

[Anonymous No.4532821]

i think theres an influx of morons whos boomer relatives told them this at the thanksgivings table, no idea what this weird ass "you cant cash out" meme is

[Anonymous No.4533495]

>>4532821

this

Coinbase, click withdraw, get USD in your bank account in less than 2 days

The fact that people refer to it as "cashing out" like it's online poker shows they don't know jack about crypto

[Anonymous No.4533535]

>>4533495
Have you ever actually tried pressing the button? It doesn't work.

[Anonymous No.4533548]

>>4533535
I thought this was a meme, I'm getting some sort of Javascript error? I click the button, it fades out, and I'm redirected to the buy page. I still have my coins so I dont know whats going on.

[Anonymous No.4533592]

>>4531951

I withdraw using Poloniex and tether.to like once a week or every other week. tf are you talking about

[Anonymous No.4534179]

>>4532710
>>4532773
Bittrex is definitely a complete load of shit. Don't ever bother using them

[Anonymous No.4534196]

>>4532151
Yeah bitcoin can't even fucking handle the transaction volume of a medium-sized walmart, how the fuck is it going to replace fiat? HAHAHAHAHAHAHHA

[Anonymous No.4534197]

>>4532710
>>4532743
Have you guys got basic or enhanced verification on bittrex? Mine is "enhanced" and my daily withdrawal limit is still 100BTC.

[Anonymous No.4534222]

Anyways.

Hahaha. We arrive at this point again. Where another poor soul finally realizes that crypto is a scam because you can't cash out.

You LITERALLY can't fucking cash out. Seriously, try it. You wasted all your money on internet bucks. There is no way to convert it back to fiat. All those "exchanges" that claim to deposit your money into your bank? Those are scams, the deposit never goes through. All those people saying it isn't a scam? They're shills for the scam "exchanges."

Anyone who tries to refute this post is a scammer shilling for scammy exchanges.

[Anonymous No.4534249]

Has anyone tried wires??? ATM?

[Anonymous No.4534258]

>>4534249
doesn't work. the ATM just eats your money and sells your data.

[Anonymous No.4534282]

>>4534222
I just withdrew $1.00....i think if your withdrawing and your not verified maybe..idk wtf your doing wrong

[Anonymous No.4534285]

>>4534222
Nice just sold 100k

[Anonymous No.4534299]

>>4534222
quit trolling man. You can do bank transfers with Coinbase. I've done it many times - takes jus a couple days.

[Anonymous No.4534310]

>coordinated troll campaign to make you sell your bitcoin and pull your money out of the market so you're effectively fucked for any movements in the next week
I wonder who benefits from this...

[Anonymous No.4534311]

>>4532151
You may be the darkest and dumbest nigger I have ever met on this board. Please don't breed.

[Anonymous No.4534384]

>>4532743
long term is 0% for under 38k/yr
15% for under 112k
20% after that

its just you pnd assholes that have to worry about short term taxes

[Anonymous No.4534390]

>>4532109
Capital gains taxes are only 15% in the us, lowest theyve ever been. just pay them.
To buy a house, you can start by finding an agent.

[Anonymous No.4534403]

>>4534282
nigger nigger nigger

[Anonymous No.4534445]

>>4534222
I cashed out 10k into my bank account last week (already using the funds), plus haven't had any problems making purchases with btc (to the tune of another 10k). Have another 85k to go, but i'll probably pull half of that for a downpayment (first 10k is for taxes) and reinvest the rest. But I feel very confident I could pull the whole sum out in about a week. I could petition for higher withdrawal limits too, but I don't really need to yet unless I try to directly purchase something over 1.2 btc.
Now, there are a lot of scams out there . . . if you don't spend the time thoroughly analyzing and vetting somebody that you send money to . . . that's your idiocy.

[Anonymous No.4534450]

>>4532151
Lol you dumb fucking nigger the U.S. dollar is based off our oil reserves why the fuck do you think we attacked Kuwait

[Anonymous No.4534574]

>>4534450
>the U.S. dollar is based off our oil reserves

The U.S. dollar is based upon our military's ability to fuck shit up.

[Anonymous No.4534784]

>>4534282
>>4534299
>>4534445
shills

[Anonymous No.4535183]

You can 10x with.. HST - Horizon State

[Anonymous No.4535786]

This.

This is why crypto is a fucking joke and all gains are paper gains. Daily withdrawal limit at a max of 10k and you have to be a loyal customer to be bumped up to that from 2k.

If my stockbroker tried to do something like that they would be laughed out of business in a week.

Basically, the crypto world relies on guys from /biz/ doubling their money from 5k to 10k and thinking they've "made it". Meanwhile stock market investors go from 7-figure to 8-figure wealth.

[Anonymous No.4535821]

>>4532523
sell your btc privately nigga

every facebook group have shills that sell their coins in cash

[soon No.4535842]

Wait, wtf, coinbase has a 15k daily limit?

Are there any better options?

[Anonymous No.4535857]

>>4532151
Gold standard went out with the end of the Bretton Woods system. Social trust backs up all fiat now through legal frameworks.

[Anonymous No.4535891]

>>4534574
Which we fuck their shit up for some oil, sounds like the same thing to me.

[Anonymous No.4535906]

>>4535842
oh shit wtf coinbase has a 15k WEEKLY limit>?!?!!?

pls anon i need other options

[Anonymous No.4535996]

>>4535786
people have literally went from 1 figure to 8 figure wealth with bitcoin lul fud harder

[Anonymous No.4536140]

>>4535996

PAPER wealth.
If anyone of them tried to liquidate they would find it impossible. It would take 2 years+ to liquidate an 8-figure stack.

Find me someone with 8-figure cryptogains in their BANK ACCOUNT and I'll drop my cynicism immediately.

[Anonymous No.4536186]

>>4532151
You can't ban it. Clandestine mining labs will be set up

[Uncle Sam No.4536266]

>>4535906
how the FUCK am i supposed to live off 15k a day!?!

[Anonymous No.4536302]

>>4536266
How much do you spend per day today?

[Anonymous No.4536309]

>>4532427
DASS RAYCISS

[Anonymous No.4536414]

>>4532151
A well baited hook

[Uncle Sam No.4536507]

>>4536302
20k Won

[Anonymous No.4536526]

>>4536302
what if i wanna buy a lambo

[Anonymous No.4536551]

BUT WE WILL ALL CRASH OUT OF CRYPTO

[Anonymous No.4536836]

>>4532151
what if the govt did bitcoin...

[Anonymous No.4537065]

>>4532109
Don't be an Ameriburger, move somewhere with no CGT for 6 months and 1 day, take the money out, move back, congratulations you just paid 0% tax.

[Anonymous No.4537131]

>>4534784
Ya I'm starting to believe you. Coinbase won't withdraw any of my fiat. Withdrawals will never go through.

Better use localbitcoins and cash out before people start to realize this.

[Anonymous No.4538308]

>>4531951
>tfw you realize the people on this board are absolutely braindead

[Anonymous No.4538385]

>>4537065
Doesn’t work that way. (((They))) will get you wherever you are no matter how long.

This plan might get you out of state-level capital gains though.

[Anonymous No.4538396]

>>4538385
Anon, you missed the first step. Only Americans have that bullshit where you always have to pay to the taxman.

[Anonymous No.4538403]

>>4531951
what are you talking about?
i entered some numbers, 1 click of a button and $1000 in my account the next day.

coinjar.com.au also has a debt card.. ausfags ftw

[Anonymous No.4538558]

>>4531951
I wonder if people who keep saying this just want to FUD people out or are retards who're too scared to enter so they make up excuses.
If you couldn't millionaires would rather pay taxes instead of leaving their funds on BTC

[Anonymous No.4538898]

>>4535842
local fucking bitcoins dot com you mong

[Anonymous No.4538912]

>>4531951

Tfw when your tenx card got delivered 2 days ago.

[Anonymous No.4538950]

>>4531951
>tfw all in crypto but dont want to cash out
fuckin boomer landlords dont accept my coins for rent REEEEEEEEE

[Anonymous No.4539343]

>>4531951
This meme is getting old.
There are countless ways to cash out other than exchanges.
You can cash out at bitatms there are several and more popping up everyday.
Localbitcoins if you don't mind meeting people, a miner friend of mine does this all the time he chooses Starbucks and other over priced coffee shops.
Internet forums selling via PayPal which is risky but it works.
Craigslist is an unfavorable option but it works.
There are a few more I just haven't used them so I won't list them.

[Anonymous No.4539361]

>>4539343
>You can cash out at bitatms there are several and more popping up everyday.
enjoy getting raped by fees

[Anonymous No.4539456]

>>4536140
It makes more sense to leave it in crypto and withdraw as needed since you're more than likely just gonna keep making money.
>muh crash
Same thing happened in the Great Depression and having money in stocks when everyone was trying to get out was no better.

[Anonymous No.4539463]

>tfw you can buy lambos directly paying in bitcoin so no need to ever cash out

[Anonymous No.4539493]

>>4532151
>muh gov ban
When will they learn?

[Anonymous No.4539497]

>>4539361
Yep but it's an option, I'm just trying to dismiss the lying and larping.
And at that rate just meet people locally then.

[Anonymous No.4539644]

>>4539497
the fact is that withdrawing crypto is a giant pain in the ass and ought to be avoided

after all, you should not invest if you don't think you'll be able to pay with crypto eventually

[Anonymous No.4540033]

>>4531966
>half to

[Anonymous No.4540641]

>>4531951
every bank in america and around the world will soon have crypto wallets all thanks to the chainlink mainnet allowing this to be possible.

you'll be able to cash out and the crypto in your wallet will be federally insured is yer in the USA

chainlink is going to change everything and mainstream crypto for even the normies who dont know how to use the internet

screen cap this

[Anonymous No.4540655]

>>4531951
I don't get this. Can't you just sell them for USD?

[Anonymous No.4540663]

>>4531985
>>4532090
Go ahead, try to cash out a single dollar.

[Anonymous No.4540684]

this meme is getting stale boiz

[Anonymous No.4540685]

>>4540663
Are you just trying to cause the price to drop?

[Anonymous No.4540699]

>>4531951
cash me outside

[Anonymous No.4540713]

>>4539463
Then when you run out of gas, you just buy another lambo!

[Anonymous No.4540714]

Cash out to ethereum
Use coinbase to transfer to your bank account

[Anonymous No.4540741]

>>4540663
I'm trying to figure out the motivation behind this brainless and obvious FUD and I really can't. Trying to keep normies out of crypto? I don't get it. The kind of people who would fall for this low-effort and easily disprovable FUD are exactly the type of people that current holders want in the market - those that listen to others without doing their own research. I'm really trying to understand why someone would spread this bullshit...halp.

I've withdrawn dollars from Coinbase, direct deposit into a checking account. It was easy and took one business day to clear.

[Anonymous No.4540949]

>>4540741

dude i really hope you arent fudding
That was refreshing to read, 95% of this forum is garbage.
With the occasional gem posts

[Anonymous No.4541027]

never thought about it but you are right ... crypto for life .... 4% gains on stocks just don't cut it

[Anonymous No.4541670]

>>4540713
No, you sell BTC for the gas in localbitcoins retard.

[Anonymous No.4541724]

ITT: We discuss real techniques to acquire vast amounts of wealth because we are already wealthy. Only people with a net worth over $250k may partake.

>longing tencent

your turn

[Anonymous No.4541829]

never hear of coinbase to bank? whats the problem?

[Anonymous No.4542029]

I've cashed out more times than I can count. Coinbase or Gdax to bank in 2days or less

[Anonymous No.4542157]

>>4538898
It's full of feds. You'll get arrested for exchanging without a money transmitter license.

[Anonymous No.4542172]

>>4542157
>a money transmitter license.

[Anonymous No.4542189]

>>4542172
I hope you like your asshole stretched nice and wide.

[Anonymous No.4542212]

>>4542189
My local crypto officer gave me a weekly ticket, it is much cheaper

[Anonymous No.4542309]

>>4536140
>8 figure crypto gains

Nigger that's a huge ass fraction of the entire marketcap. Almost no one owns hundreds of millions worth of BTC

[Anonymous No.4542746]

>>4533535
I did it for 4k usd before and it worked fine

[Anonymous No.4543103]

>>4531951

I haven't got money to fucking eat so

I tried to cash out from binance to coinbase
and they fucked me with fee's, I sell to fiat and then I can't get it into my account until my bank is verified
and I dont think it can happen
because there was no spacce for reference number in a sepa transfer so I added it in the message


fuck coinbase
if I want to cash out quicker I have to buy btc and lose more in fees to sell on LBC and pay more fucking fees

[Anonymous No.4543113]

>>4534197
I have 2 documents (with picture and everything) verified on Coinbase and my limit is still 15k euros.

What the fuck?a

[Anonymous No.4543126]

>>4533548
Don't you fucking scare me.

[Anonymous No.4543172]

Why would anyone cash out? Why not just hold until btc is more widely accepted as payment

[The Science Nigger No.4543452]

Would it be worthwhile to move to a different country that has little/no capital gains tax, renounce my burger citizenship, then cash out? Also if I do this, would I still be able to invest in US mutual funds and whatnot?

[Anonymous No.4543551]

>>4531951

cashing out in fucking easy for me using quadrigacx. it get on my bank account in 3 days. fees are there but its not the end of the world.

for info i own 4k of differents crypto on bittrez that i convert to ltc and sell for canadian dollar on quadriga. then cashout.

[Anonymous No.4543664]

sounds like a pyramid scheme.. ooohh you want to cash out sure give me a second and wait for another idiot to buy into it.

[Anonymous No.4544311]

>>4543551
Neat now I have another option as a canuck

[Anonymous No.4544469]

>>4543664
By that logic every monetary transaction is a pyramid scheme. Ohh wanna sell your house?yeah give me a couple of months to find some idiots who are interested in it

[Anonymous No.4544511]

>>4544469

yes but i can touch a house, i have a use for a house

crypto is something close to a square inch of an idea

[Anonymous No.4544578]

>>4543103
>sam hyde wojak
ffs

[Anonymous No.4544720]

>>4544511
Can you touch your insurance?

[Anonymous No.4544736]

>>4531951
Was never planning on it. I'll use it in 5 years

[Anonymous No.4544741]

>>4531951
nigga i cash out $50 dollars a day everyday

[Anonymous No.4544836]

>>4531951
I just did- now fuck off

[Anonymous No.4544849]

>>4544720


cant compare, its backed by an actual company and amount of money. its a promise with proof.