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2021-02-06 02:58 27875683 Anonymous How do you cash out? (1438297062481-15.png 657x527 50kB)
Let's say you've made it and you want to cash out at least $500K (or the equivalent of that in your local currency). How would you go about doing this? Can you just go to some reliable website that buys your BTC, ETH, etc. for cash and have them deposit the 500K on your bank account? Or do need multiple deposits for such a large amount? Won't the police come busting down your door when you suddenly receive a deposit equating a decade's worth of your regular annual income (if not more)?

1 min later 27875808 Anonymous
>>27875683 cash out?

3 min later 27875904 Anonymous
>>27875808 Yes.

3 min later 27875945 Anonymous
>>27875683 What does this mean, 'cash out'? These words are not part of my vocabulary, I'm afraid. Care to explain?

3 min later 27875946 Anonymous
Cash out? Why?

5 min later 27876053 Anonymous
>>27875946 To actually make some real profit in case everything crashed into oblivion.

10 min later 27876458 Anonymous (BIG SHOLDER.jpg 720x599 29kB)
>>27875946 this doesn't make sense, what is cash?

14 min later 27876719 Anonymous (pepelaugh-emote.png 300x300 37kB)
>>27875683 >cash >out

15 min later 27876794 Anonymous
now the bank can ask to lend them your eth

16 min later 27876810 Anonymous
>>27876719 >>27876458 >>27875946 >>27875945 >>27875808 unbelievably based

20 min later 27877074 Anonymous
What the fuck is cashing out? Did you forget to turn on google translate Kumaraj?

21 min later 27877152 Anonymous
>>27875683 ???

22 min later 27877216 Anonymous
>>27875683 >How do you cash out? You don't

22 min later 27877235 Anonymous
>>27875683 If you're serious consult with a tax attorney who specializes in crypto. You're not going to get a good answer here.

24 min later 27877315 Anonymous
>>27877235 specialist here, what is a cashout?

24 min later 27877345 Anonymous
>>27877074 https://www.urbandictionary.com/def ine.php?term=Cashing%20Out

26 min later 27877437 Anonymous
>>27876053 >let me trade my cryptographically enforced currency for paper money that I don't even hold and is just a permission in some bank's computer system >during a time of massive inflation >when 30% of circulating money was printed in the last 12 months >when 1 USD loses 10% or more of its purchasing power per year I don't think you understand what everything crashing looks like goyim because it isn't btc becoming worthless

27 min later 27877502 Anonymous (DCA.gif 500x378 611kB)
>>27875683 >How do you cash out? You actually don't, you just keep buying

28 min later 27877528 Anonymous
>>27877315 Kek OP but enough messing with the poor guy OP, the cash goes IN. Hope this helps.

28 min later 27877555 Anonymous
>>27875683 hahah newfag you cant cash out

28 min later 27877574 Anonymous
>>27877437 1 Satoshi will be enough to buy a house in a few years

30 min later 27877691 Anonymous (1612556376271.jpg 900x856 877kB)
>>27877574 If you aren't using Bitcoin faucets right now, you will not make it.

30 min later 27877694 Anonymous
>>27875683 Fren, cash out your initial so you are all profit and stress free. Then stake/delegate, earn passive income like a smart person. Never liquidate.

32 min later 27877829 Anonymous
Buy Yu Gi Oh cards with your crypto Sell Profit ??? Repeat

34 min later 27877924 Anonymous (tenor (1).gif 220x220 468kB)
>>27877829 >Profit

35 min later 27877991 Anonymous
>>27875683 Ummmm bros...whose ganna tell this young lad?

36 min later 27878011 Anonymous
>>27877694 this

36 min later 27878057 Anonymous
Imagine not cashing out 60-100k to get an MBA and live a cozy corporate lifestyle

39 min later 27878211 Anonymous
>>27877694 Please explain this passive income thing. Sp if I just hold I get paid every month? How am I getting paid, is it to my wallet or bank account? Also is this for stocks only or does crypto also get dividends?

41 min later 27878302 Anonymous
My government only taxes if they rule your crypto-activity to be speculative in nature. 99% of my shit is long term HODL. I did make 50 bucks flipping DOGE last week. How fucked am I?

42 min later 27878333 Anonymous
>>27875683 Kek, none of what we do here is illegal, anon. You just sell your shitcoins or buttcorns on an exchange for USD/etc. and send to your bank account. You'll have to pay taxes but you just tell them it came from investments, which is the truth.

42 min later 27878354 Anonymous
>>27875683 get an LLC and start a IT "consulting" firm. transfer your crypto to XMR and pay yourself for services rendered to yourself. -> you pay corporate inc tax

43 min later 27878410 Anonymous
>>27878354 based

44 min later 27878428 Anonymous
>>27877437 Oh yeah let me just drop by the grocery store and buy a 40 oz with my doge coins

44 min later 27878465 Anonymous
>>27878211 You can stake some good picks rn, grt is great, Eth, Link soon (Sergey not betray). You can loan out most major cryptos on exchanges or buy stuff like Algo which is 6-10% apy sitting in your account. If you're into stocks buy heavy dividend stocks like home depot and costco. There's tons of ways to make your money make more money, just do some research.

45 min later 27878497 Anonymous
>>27878333 Triple trips of truth

45 min later 27878535 Anonymous
It's not real money retard, we are all schizophrenic NEETs/bored billionaires here. We just like to trade and get the thrills and chills from the bear/bull markets. Imagine believing that bits on your computer could be worth anything!

47 min later 27878615 Anonymous
>>27878428 If you can't do this then you're shopping at the wrong store fren

48 min later 27878683 Anonymous
>>27878428 This but unironically

49 min later 27878725 Anonymous (C7023856-862B-479A-BBC6-0A3C74967E06.png 1410x1145 782kB)
>he doesn’t know

49 min later 27878730 Anonymous
>>27878465 I don't understand what stake/delegate means. Also I'm holding ETH atm but got nothing like passive income/dividends. Is it onky for stocks? If so then I need to branch out of crypto.

53 min later 27878944 Anonymous
>>27877574 Check bitcoin fees

53 min later 27878971 Anonymous
>>27878333 >You'll have to pay taxes or what they will take my shitcoins?

53 min later 27878995 Anonymous (1612488749162.jpg 960x928 76kB)
>fucking newfags thinking they can actually cash out >don't realize we're all just chasing meme coins for shits fucking retard lmao

58 min later 27879244 Anonymous
>>27878971 I can't give you an entirely accurate answer because I'm never selling but I imagine they would audit your shit once whatever financial institution you dumped your fiat into reports to the IRS that you made $500k this year working as a part-time knob polisher and that you didn't pay any taxes. They'll then garnish money from your bank account and/or send you for a few years in federal prison which is like regular prison but more exciting.

1 hours later 27879354 Anonymous
>>27878428 Theres a bunch of credit cards that let you pay with crypto

1 hours later 27879408 Anonymous
>>27877437 BINGO

1 hours later 27879673 Anonymous
>>27878333 Is that before or after the bank freezes your assets for months/years while the IRS investigates you? Kek

1 hours later 27879873 Anonymous
>>27878057 Imagine not having that much set aside in stable coins in a 5-7 % yield account as a backup plan while pursuing passions/ living a free life/ traveling and maximizing the rest of your portfolio while the bull run is going strong

1 hours later 27879887 Anonymous (corfu06.jpg 1885x2470 897kB)
>>27879673 Well, you know what they say - if you can't handle the freeze, stay out of the legacy financial system. Ice talking to you, anon.

1 hours later 27879951 Anonymous
Open an account in a tax haven and throw it there.

1 hours later 27880054 Anonymous (1612553317148.jpg 768x768 88kB)
just launder it with monero...isn't that what everyone does?

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