So say you make a few thousand bitcoins and have an equivalent million or so in your hands...how do you cash out?
Buying bitcoins is pretty easy but how do you convert back to fiat without getting scammed?
Also what's the best way to cash out of one of your alts at the peak? How does that work, if you sell at a certain price does it give you what you're after regardless or do you lose some as it drops? Is it worth doing those in small lots or multiple exchanges or what?
bump. I need to buy a new car
can anyone hit me up with .02 btc?
16zXR2jKbwKUNoFeSyR5U6JCBUAAL4KAYM
please
You should be trying to spend as much btc as btc as possible, it helps the economy to grow. You can buy anything online with btc.
If you need to get some cash out just sell a few g's worth at a time. You would be silly to divest entirely from cryptocurrency btc is doing well against the dollar.
Once you turn btc in to dollars you're fucked. You can't take it abroad, you can't do shit with it, if you had a thousand bitcoins you could fly to thailand and live by selling 1btc a week for 20 years.
You withdraw your BTC to fiat through an exchange like Kraken.
Next question?
>t. programmer behind TRUMPSHILL
Gg, cunt.
lol no, my cash is in ETH and BTC
ahk thanks
yeah as for alts, when you eventually decide to sell how do you do it without crashing the exchange or dumping too hard?
i've been interested in alts for a little while and put a bit in but it seems easier buying than selling
Sent ;)
Can you do this and still avoid taxes? If the funds from kraken hit your bank account, you'll be a prime target for an IRS audit.
i think england and soon australia have non-VAT policies on gains made in bitcoin so no tax should apply on value gained from trading bitcoins
I will personally tell you all the best diversified ways and we can comunicate via the blockchain just send btc to 1G1TfrDVNrLB4zETZPE4TE8LRfCranejrs and attach a messgae to it i will send btc back and respond im at work so it might be a bit until i respond but we can communicate this way we can send very small amounts just to talk and decide the best way to get you straight $$$$ for your btc.
Sent 0.1 btc your way, this morning I got laid for the first time and I am feeling generous. Enjoy!
fucking nice dude, I'm happy for you.
I feel like a cuck for asking, but I am pursuing my dreams of acting and business like Arnold.
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anything is appreciated Veeky Forums see you boys at the top!
is this now a thread for begging?
I'm 22 and trying really fucking hard to get my life together. I'm fucking poor, in college and have a chronic condition and would be so grateful for anything I can get.
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Just greedy nothing wrong with my life
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Every thread with Chum- I mean, Trump's picture on it is a begging thread.
most reddit thing ive ever read
I hate you all, but like money
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Ebeging
No reward for my trips?
I want to kill myself 1PdX8cy3tqptwW9jiBXNCtr5dgY2FGBxxp
Think it falls under capital gains tax
Sent :^)
Diversification is sensible though.
No, obviously if you want to break the law you will have to do some more shady shit. Localbitcoins, small amounts over time... Is it really worth the risk?
I was 22 and fucking poor and I put what little I had into Bitcoin. 5 years later, I'm pretty happy with the increase.
>Is it really worth the risk?
*They'll probably also think you are a drug dealer.
15Yeszpr7cwU943kFgEYAUbLQiktRNkuSy
Poor student with no future ahead of him.
any coiners want to spread the wealth?
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can i get any amount please?
In Germany it's tax free if you prove you held the BTC for over a year.
I suspect other countries have similar laws.
Setup offshore companies in Belize or other tax havens. Cash out to them.
Let the company pay you "consulting" fees.
Hire a professional because this might be considered money laundering.
You don't cash out because there aren't enough buy orders. This is what happened with Mt Gox. This is something the bagholders don't want you to know about.
Just take a trip to a city with some bitcoin ATMs. You usually cant cash out of a machine more than $3000, so go on a trip to a big city with a bunch. Yes, you'll lose around 5% on transaction costs, but the taxman wants more than that.
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Help a brotha out
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Could anyone spare 0.05 BTC please? Would greatly appreciate it, thanks!
1MvNJjJv4X1iB1sSytuZGgcShhE46myFrV