[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 424 KB, 1080x1446, 1515207824066.jpg [View same] [iqdb] [saucenao] [google]
6002817 No.6002817 [Reply] [Original]

>$500k in crypto gains right now and it doesn't even feel real

Idk what to even do with it. I could cash some of it but I don't even know how. Like what the hell is my bank gonna do when $50k or something just lands in my account.

Crypto feels weird.

>> No.6002891

>>6002817
I can take it off your hands if you want

>> No.6003021

Literally all crypto's promise is a product after 5 years, BZC is the only one of 20 coins that's actually finished.

>> No.6003234
File: 78 KB, 634x634, 1513484788525.jpg [View same] [iqdb] [saucenao] [google]
6003234

Breddy gud bic desu
XDDDDD

>> No.6003636

>>6002817
That’s my concern too. I am 18 yo and the best my bank account saw was a $300 deposit. Wtf is my bank going to do when I cash out $300k of my crypto gains. I’m scared they’ll freeze it all.

>> No.6003855

>>6002817
Well first they're going to contact the feds and probably reject it unless you called them beforehand. If you did call them beforehand, they're still gonna have to call the feds.
If you're not a burger, idk how it works in nonburgerstan. All I did was call my bank and say "I'm going to be receiving a large amount of money made off of trading, here's who I am etc. etc."
Then you just uh sort of spend it. On whatever the fuck you want. Pay your taxes homie!

>> No.6003886

>>6003021

You need to go back pajeet.

>> No.6003911

>>6003636
Go in and explain it to the bank idk

>> No.6003998

>>6003855
>Pay your taxes homie!

I am. But I don't even know how to begin spending the money to improve my life.

>> No.6004133

>>6003998
Food quality if you're used to living that invisible poor life. Then work on self-image and autonomy, then repaying social debts to your parents/caregivers/guardians if you feel they deserve anything. Then the real work begins in securing your future and retirement.

>> No.6004150

>>6003636
depends on the state here the bank will inform the tax office and they will take a look at it and try to fist you. thats why cashing out is a meme just hodl it till crypto = fiat, easy as that.

>> No.6004272

>>6002817
>Deposit less than 10k
>Dont flag your account to the irs goons
>Get a good cpa
>pay your taxes or enjoy getting fucked in jail

>> No.6004500

bitdials.eu

Buy expensive watches. Sell them for cash. Open up a bank account with a specialist bank for rich folk. Deposit cash.