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/biz/ - Business & Finance

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50046756 No.50046756 [Reply] [Original]

What would you do? I already lost 5M on UST. If UST rugs, I am fucked. Also I cant even withdraw anything, the exchanges are fucking giga n1ggers

>> No.50046771

If USDT rugs*

>> No.50046808

>>50046756
50M stolen funds laundered through TC? Use real name and make account on exchange. Put in 100 usd and make bnb shitcoin including website and surcease etc. Pump slowly with your 50M for apparent real gains

>> No.50046825

>>50046756
No exchanges are blocking withdrawals afaik

>> No.50046848

>>50046756
>yeah bro i have like 50M in crypto
what do you get out of these inane LARPs? does it dull the pain of being a 32 year old man who still lives with his mother?

>> No.50046900
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50046900

>>50046756
exchange it otc for expensive bags

>> No.50047027

>>50046848
no LARP, but I got like 5k in my bank account and like 50m in crypto lolololol

>> No.50047099

>>50046756
The usual process would be to ask Tether to exchange your USDT for real money... First time cashing out millions?

>> No.50047141

>>50046756
why can't you cash out exactly

>> No.50047243

>>50047027
You’re the guy who accidentally discovered that he had Safemoon until months after it went parabolic, right? Watch you dump on the plebbitors and laughed my ass off

>> No.50047264

>>50047243
He's a larping faggot really...

Who would keep 5k in their account and 50m in crypto literally the most retarded thing i've ever read here.

>> No.50047272

>>50047027
No you don't

>> No.50047319

>>50046756
Dump into XMR

>> No.50047337

>>50046756
If I had $50m I would honestly take the hit of a $0 cost basis. Fuck dealing with the IRS

>> No.50047378

Send to me and I’ll help you cash out for a few hundred grand. I don’t give a shit.

>> No.50047382

>>50046756
Give it back Jamal

>> No.50047434

>>50046756
What country? Depending on where you're located is if my answer will be of use for you or not... unless you're willing to travel.

>> No.50048618

>>50047337
What's the tax rate on crypto in the US ? Is it state dependent ?

>> No.50049077

>>50047319
This is so retarded.. And how the fuck would he be able use that in real life, like USD?? XMR bois are so stupid. no one uses your shit.

>> No.50049199

>>50046756
>CANT CASH OUT

So you have $0 in crypto.

>> No.50049212

>>50046756
I have cashed out more than 5M through coinbase and kraken, am a eurocuck. Why can't you cash out?

>> No.50049242

>>50046808
unironically this is way to do it, you'd have to do about 50 shitcoins tho

>> No.50049315

>>50049212
And you never traded?? If you traded your way to it, you are fucked. Tax man got you.

>> No.50049316

>>50049212
Because he's retarded and larping

>> No.50049346

>>50049315
No shit u pay taxes. Do you not have job

>> No.50049351
File: 1.06 MB, 1706x1382, cant cash out.png [View same] [iqdb] [saucenao] [google]
50049351

>>50049212
Probably because he bought XMR, did a lot of staking, scammed people etc, and now when they ask where the fuck this came from its a clusterfuck and can't cash out.

>> No.50049356

>>50049212
I have no clue, kraken is holding my funds, coinbase is holding my funds too.

I am just brown maybe thats why

>> No.50049463

>>50049346
Thats not my point, my point is IF the guys traded he needs to pay tax for EVERY fucking transaction he did. Its a suicide mission

>> No.50049534
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50049534

>>50046756
>If UST rugs, I am fucked.
UST rugs the fuck out for a long time. There's no place for such market now, pajeet. I'm better off participating in the Bitrue's yield farming pools with my SmartNFT token

>> No.50049616

>>50049356
can you proof source of funds or not. that is the question it comes down to. if you can and its legit (no rug etc) then you are good to go

>> No.50049634

>>50049463
>>50049463
What's the big deal about paying a tax, motherfuckers? I've nothing to be scared of paying taxes to the damn government. Imagine myself making huge profit for xrp and lox but too stingy to pay for tax

>> No.50049645

if you're willing to pay taxes (I would with that amount, who the fuck cares, you're still gonna be in the generational wealth category even in the worst tax bracket which max would be 40%) with that much money you can unironically get the IRS and the feds personally involved in converting that to cash, they'd probably set you up with a prime broker or a big hedge fund to deposit the assets and you'd live like a lavish king for the rest of your life without ever worrying if you did everything right and if the tax man is gonna come after you ever
my 2 cents

>> No.50049659

>>50049463
In France he needs to pay taxes only when he cashes out. Let's say you buy 500€ of crypto, you trade coins, you cash out 900€. You'll only have to pay taxes for your gains, in this case 400€.

>> No.50049675

>>50049634
Paying taxes isnt the problem you bum, Its a problem if you traded your way to the wealth. 1 thing is holding another is trading, When you trade you need to pay taxes on EVERY single transaction. So it gets impossible to keep track of even if you rach like 100 trades.

>> No.50049680

>>50049356
That's not the reason. It's because you agree to let them hold your funds

>> No.50049685

I got 800m in crypto

>> No.50049764

>>50049675
Don't exchanges give you a report ?

>> No.50049791

>>50049764
They can, but again if you make alot of trades, hten you tax gets out of control.

>> No.50049833

>>50049463
It's worth $0 if you don't cash out, retard, remember that fucker who had $1m in grumpy and bragged about not selling a day before it rugged.

>> No.50049865

>>50049833
Sure? What have that to do with tax? If he traded alot i can destroy his value because he didnt report it when the trade was made. He will then get punished by that.

>> No.50049931

>>50049659
That require that he is from France, He said EU.

>> No.50050037
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50050037

>>50049764
It is irrelevant, that's a fact

>> No.50050071

>>50046756
Send to me my basterd I will help redeem for you

>> No.50050087

>>50046825
Both the top exchanges do block withdrawals. Check the record, google all the complaint

>> No.50050121

>>50046756
Answer this question anon: if it was 2013 would you let sit $5M worth of btc in one CEX ?
If no, why would you do it now ?

>> No.50050205

>>50049791
>>50050037
Il pretty sure that if you call the IRS and ask them directly how to proceed they'll manage to find a solution.

>> No.50050232

>>50046756
I dont think you have 50 million in crypto, you sound like an absolute moron.

>> No.50050267

>>50049077
Based on OP's post XMR currently has more uses than his UST that his exchange won't let him withdraw.

>> No.50051915

>>50046756
sorry anon but if you cash out it hurts the market

>> No.50052037
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50052037

>>50046808
that's genius

>> No.50052108

>>50046756
I have 200 billion in BTC. 100 Billion in ALTS.

>> No.50052125

>>50049356
kek pajeet shitcoin scammer can’t redeem. You will never get your money.

>> No.50052279

>>50046756
monero for cash you fucking newfag glownigger

>> No.50052591

>>50049356
Please sirs do not redeem it

>> No.50052758

>>50046756
doesn't Kraken let you withdraw like $500k per day if you KYC with them?

>> No.50052867

>>50046756
It's almost like the governments and banks can control cyrpto. So much getting around the banks with P2P internet money.

>> No.50052882

>>50046756
2x 50% short

>> No.50053470

>>50046808
sounds like our current climate...

>> No.50054372
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50054372

>>50047027
Sure bud

>> No.50054669

>>50049463
bro the irs dont care, paying tax on every trade is the same as paying it on the profit, its the same amount. give them their nut and say you did your best.

>> No.50054915
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50054915

>>50046756
smart enough to make 50m but too stupid to know how to use it. pretty gay larp desu.

>> No.50056935

>>50046756
Swap for Monero and sell for fiat on local Monero or sell for gold/silver sovereigns at a bullion dealer like moneymetals, then sell that for fiat.

>> No.50056965
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50056965

>>50049351
internet funny money

>> No.50057032

>>50049675
ooh 100 trades
larping faggot kid

>> No.50057400 [DELETED] 
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50057400

WHAT?? OVER 0.000016?

>> No.50058657

>>50046756
>What would you do?
I would send some to random anons just for keks. In case you find it a good idea
>0x69C4Eb2A55103203F553fB778042653aA707d8fb