Topic: Hide my money from my country - page 2. (Read 756 times)
Saving assets so that they are not tracked by the government using cryptocurrency in my opinion is quite effective, but the problem is that the price is volatile. Stable coins might be an option but in my opinion gold is a good investment besides crypto so that the government is difficult to track our assets
very complicated, actually choosing bitcoin in order to avoid taxes is correct but you are afraid of fluctuations. in my opinion yes just dare to put your money into bitcoin, anyway if the value can go down, it can go up too. if it goes up, you actually get passive income from the money you entered earlier.
For all I Understood that OP is planning for some years of keeping his money inside this industry, we never know if from that time table there governmentwill not realize the benefits of crypto and sooner or later they will make some rulings in regards to this industry. Learning the potential of bitcoin might save you in realizing what would future can bring to your money.
As a good citizen we have to pay tax for developing our county. But if you really want to hide , it's a must to have a hardware wallet to avoid hacks or phising to you wallet because a wallet with high amount of assets might targeted by hackers
This is also a good option if you don't want to risk your money on highly volatile currency, as well as hackings. Or just go with stable coin. But why do you really want to avoid tax when it's part of being a citizen? I see this as one of the reasons why the governments are either trying so hard to stop cryptocurrencies in their country, or trying so hard to regulate it so they can collect taxes because they know how big your asset in crypto can get. Because we're so persistent in avoiding tax Why not use bitcoin and create your own wallet ? The only problem is the price volatility of bitcoin ans if the price will drop but if the price will increase its a win situation to you.
Also i want to know if you are only looking for stable coin?
Also i want to know if you are only looking for stable coin?
he, said he wont gamble with his money, you know the price of bitcoin is volatile.
he just want avoid tax from his country, oh man did u read carrefully what he said
Maybe stable coins are the best choice as suggested but try to check about Dogecoin, maybe you have a different view of the future. After all, nothing is really stable in this market, even though they are stable at least there are still price movements that make it go up and down all the time. But it's up to you, after all it's your money and you can make a better choice for the long term.
he dont expect anything in saving, so he want just avoid it,and keep his money, but yeah some coin have a great rises in longterm,OP just need to research.
Hey, I sell some stuff online and I am looking for a way to keep my money for about 2-3 years. In my country we have to pay 19% from any income to taxes, so I was thinking fuck them. First I thought about PayPal, but I'm afraid they will freeze my account like they used to do randomly. then I thought about Bitcoin, but it's very unstable and I don't want to gamble on the money.
So I have read and found out about the stable coins, Im newbie but its looks like they might be the solution for me.
1. Tether is the most famous but doesn't have the proof of funds, so one day it can be a problem.
2. USDC coinbase is asking to validate the identity in order to use it, so I afraid my country will find out about that.
3. Paxos is also asking for a documents ID.
I am not sure that I understood everything correctly, so I will be thankful if you could help me to find the best option for me.
Thanks in advance.
Thanks all for your help.
So I have read and found out about the stable coins, Im newbie but its looks like they might be the solution for me.
1. Tether is the most famous but doesn't have the proof of funds, so one day it can be a problem.
2. USDC coinbase is asking to validate the identity in order to use it, so I afraid my country will find out about that.
3. Paxos is also asking for a documents ID.
I am not sure that I understood everything correctly, so I will be thankful if you could help me to find the best option for me.
Thanks in advance.
Thanks all for your help.
why don't you just use a hardware wallet like trezor or ledger Nano?
because it's very safe and you don't need KYC to access the wallet
Hey, I sell some stuff online and I am looking for a way to keep my money for about 2-3 years. In my country we have to pay 19% from any income to taxes, so I was thinking fuck them. First I thought about PayPal, but I'm afraid they will freeze my account like they used to do randomly. then I thought about Bitcoin, but it's very unstable and I don't want to gamble on the money.
So I have read and found out about the stable coins, Im newbie but its looks like they might be the solution for me.
1. Tether is the most famous but doesn't have the proof of funds, so one day it can be a problem.
2. USDC coinbase is asking to validate the identity in order to use it, so I afraid my country will find out about that.
3. Paxos is also asking for a documents ID.
I am not sure that I understood everything correctly, so I will be thankful if you could help me to find the best option for me.
Thanks in advance.
edit:
https://bitcointalksearch.org/topic/m.53294999
Your option will be the top 5 in coinmarketcap in order to lessen the possibility to reduce your money but if you are worried where to put your money that are not asking for any details then it will be best if you try Ethereum as you are worried with bitcoin. It will be best also if you are going to mention your country so we can give a better suggestion for you like an exchange in your country that will not ask for any documents or something like that. So I have read and found out about the stable coins, Im newbie but its looks like they might be the solution for me.
1. Tether is the most famous but doesn't have the proof of funds, so one day it can be a problem.
2. USDC coinbase is asking to validate the identity in order to use it, so I afraid my country will find out about that.
3. Paxos is also asking for a documents ID.
I am not sure that I understood everything correctly, so I will be thankful if you could help me to find the best option for me.
Thanks in advance.
edit:
https://bitcointalksearch.org/topic/m.53294999
But with your current situation right now, it will be best if you will just pay the taxes so you don't have to worry anything and you can run your business smoothly especially if you are earning a decent amount from your business.
from what I understand, your country only takes 19% of your income. if you invest in something offline, like gold, that's pretty good I think.
I thought of many ways, but investing in USDT was also quite risky, moreover I heard that USDT was not backed up by 100% USD. however, if you are unsure about paypal, try with perfectmoney or other payment processor. It seems like you're the type that doesn't want to take the risk of fluctuations, so think about investments that have collateral such as gold, silver and others.
I thought of many ways, but investing in USDT was also quite risky, moreover I heard that USDT was not backed up by 100% USD. however, if you are unsure about paypal, try with perfectmoney or other payment processor. It seems like you're the type that doesn't want to take the risk of fluctuations, so think about investments that have collateral such as gold, silver and others.
As a good citizen we have to pay tax for developing our county. But if you really want to hide , it's a must to have a hardware wallet to avoid hacks or phising to you wallet because a wallet with high amount of assets might targeted by hackers
I will still use Bitcoin to save my money, although the bitcoin price is volatile, I am not worried because I will hold my bitcoin for the long term. Besides that, I think that it's okay if bitcoin can go up and down because I can sell the bitcoin when the price is up so that I can have more USDT, and I will buy more bitcoin when the price is down. After that, I will send my bitcoin into the other wallet and hold it again for some time. And I can use the additional USD or bitcoin from the profit to trade so I can have a chance to increase my bitcoin amount. You don't have to tell your friend or other people if you have bitcoin because that is your secret and you can keep it for yourself.
Hey, I sell some stuff online and I am looking for a way to keep my money for about 2-3 years. In my country we have to pay 19% from any income to taxes, so I was thinking fuck them. First I thought about PayPal, but I'm afraid they will freeze my account like they used to do randomly. then I thought about Bitcoin, but it's very unstable and I don't want to gamble on the money.
So I have read and found out about the stable coins, Im newbie but its looks like they might be the solution for me.
1. Tether is the most famous but doesn't have the proof of funds, so one day it can be a problem.
2. USDC coinbase is asking to validate the identity in order to use it, so I afraid my country will find out about that.
3. Paxos is also asking for a documents ID.
I am not sure that I understood everything correctly, so I will be thankful if you could help me to find the best option for me.
Thanks in advance.
edit:
https://bitcointalksearch.org/topic/m.53294999
I think all countries will apply the same rules, you can't hide your money forever because you live in a country that has rules. So I have read and found out about the stable coins, Im newbie but its looks like they might be the solution for me.
1. Tether is the most famous but doesn't have the proof of funds, so one day it can be a problem.
2. USDC coinbase is asking to validate the identity in order to use it, so I afraid my country will find out about that.
3. Paxos is also asking for a documents ID.
I am not sure that I understood everything correctly, so I will be thankful if you could help me to find the best option for me.
Thanks in advance.
edit:
https://bitcointalksearch.org/topic/m.53294999
My advice is you better move to a country that has free rules as you expect, it will be better for you without having to look for solutions that are impossible to find.
Bitcoin is the best for now if you intend to exchange it for assets, because the capital is still the highest among other altcoins.
very complicated, actually choosing bitcoin in order to avoid taxes is correct but you are afraid of fluctuations. in my opinion yes just dare to put your money into bitcoin, anyway if the value can go down, it can go up too. if it goes up, you actually get passive income from the money you entered earlier.
For a long time like 2-3 years why be afraid to save your money in bitcoin ??
Rather than the money just saved but can't increase I think it's better to save your income in the depth of bitcoin.
It's true the price is very fluctuating but you can make more than just saving but not making a profit.
Rather than the money just saved but can't increase I think it's better to save your income in the depth of bitcoin.
It's true the price is very fluctuating but you can make more than just saving but not making a profit.
Hey, I sell some stuff online and I am looking for a way to keep my money for about 2-3 years. In my country we have to pay 19% from any income to taxes, so I was thinking fuck them. First I thought about PayPal, but I'm afraid they will freeze my account like they used to do randomly. then I thought about Bitcoin, but it's very unstable and I don't want to gamble on the money.
So I have read and found out about the stable coins, Im newbie but its looks like they might be the solution for me.
1. Tether is the most famous but doesn't have the proof of funds, so one day it can be a problem.
2. USDC coinbase is asking to validate the identity in order to use it, so I afraid my country will find out about that.
3. Paxos is also asking for a documents ID.
I am not sure that I understood everything correctly, so I will be thankful if you could help me to find the best option for me.
Thanks in advance.
edit:
https://bitcointalksearch.org/topic/m.53294999
In my opinion you should not find ways to evade taxes, if discovered you will have to pay a much higher price than what you get.So I have read and found out about the stable coins, Im newbie but its looks like they might be the solution for me.
1. Tether is the most famous but doesn't have the proof of funds, so one day it can be a problem.
2. USDC coinbase is asking to validate the identity in order to use it, so I afraid my country will find out about that.
3. Paxos is also asking for a documents ID.
I am not sure that I understood everything correctly, so I will be thankful if you could help me to find the best option for me.
Thanks in advance.
edit:
https://bitcointalksearch.org/topic/m.53294999
I think that you should obey the laws in your country, when you have clean coins you can buy whatever you like, I suggest you buy gold and USD. You can safely keep your gold and usd without having to worry about the risks that cryptocurrencies bring.
It's not just tax people are afraid of. There are many autocratic countries around the world that can confiscate your money and property for no reason. Take and example of China. However high status you may make, differ in a small thing from CCP than you become a criminal. Even the foreigners working on such regime are caught and confiscated. They work for years for a better life and all they get for their effort is trouble.
Bitcoin is great as well because it offers a great rewards in the future and you might miss the chance of doubling or even triple your money once the bull run happen.
As he said from the start, it's that he doesn't want to gamble with his assets, bitcoin is a risky speculation and he doesn't like it.In this case maybe I would advise him on USDT, DAI, USDQ .. generally it is best to hold stablecoins.
Hey, I sell some stuff online and I am looking for a way to keep my money for about 2-3 years. In my country we have to pay 19% from any income to taxes, so I was thinking fuck them. First I thought about PayPal, but I'm afraid they will freeze my account like they used to do randomly. then I thought about Bitcoin, but it's very unstable and I don't want to gamble on the money.
So I have read and found out about the stable coins, Im newbie but its looks like they might be the solution for me.
1. Tether is the most famous but doesn't have the proof of funds, so one day it can be a problem.
2. USDC coinbase is asking to validate the identity in order to use it, so I afraid my country will find out about that.
3. Paxos is also asking for a documents ID.
I am not sure that I understood everything correctly, so I will be thankful if you could help me to find the best option for me.
Thanks in advance.
edit:
https://bitcointalksearch.org/topic/m.53294999
Since you are going to keep it for 2 to 3 years my best bet is Bitcoin and Ethereum, on that time price will be much better now because it's already 2 to 3 years after the halving, you are in a much better position to withdraw your funds in a good profit, so better go for Bitcoin. So I have read and found out about the stable coins, Im newbie but its looks like they might be the solution for me.
1. Tether is the most famous but doesn't have the proof of funds, so one day it can be a problem.
2. USDC coinbase is asking to validate the identity in order to use it, so I afraid my country will find out about that.
3. Paxos is also asking for a documents ID.
I am not sure that I understood everything correctly, so I will be thankful if you could help me to find the best option for me.
Thanks in advance.
edit:
https://bitcointalksearch.org/topic/m.53294999
Hey, I sell some stuff online and I am looking for a way to keep my money for about 2-3 years. In my country we have to pay 19% from any income to taxes, so I was thinking fuck them. First I thought about PayPal, but I'm afraid they will freeze my account like they used to do randomly. then I thought about Bitcoin, but it's very unstable and I don't want to gamble on the money.
So I have read and found out about the stable coins, Im newbie but its looks like they might be the solution for me.
1. Tether is the most famous but doesn't have the proof of funds, so one day it can be a problem.
2. USDC coinbase is asking to validate the identity in order to use it, so I afraid my country will find out about that.
3. Paxos is also asking for a documents ID.
I am not sure that I understood everything correctly, so I will be thankful if you could help me to find the best option for me.
Thanks in advance.
edit:
https://bitcointalksearch.org/topic/m.53294999
So I have read and found out about the stable coins, Im newbie but its looks like they might be the solution for me.
1. Tether is the most famous but doesn't have the proof of funds, so one day it can be a problem.
2. USDC coinbase is asking to validate the identity in order to use it, so I afraid my country will find out about that.
3. Paxos is also asking for a documents ID.
I am not sure that I understood everything correctly, so I will be thankful if you could help me to find the best option for me.
Thanks in advance.
edit:
https://bitcointalksearch.org/topic/m.53294999
(paxos and usdc) they will not freeze your account unless you are suspended due to illegal trading in a criminal case. In the next 2-3 years it is still progressive, so the point is it needs more time for regulation and taxation.
You can monitor and take a stand as long as it hasn't happened, everything is still safe at this time even including usdt. The stable coin in question does not require an id document if you buy / convert it from crypto.
Do not hesitate to save it in crypto form, just assume there are two things you will get, depreciating assets or even vice versa is even more profitable.
Instead of buying the stable coins without back up, you can go for the BTC or ETH. The volatility will not hurt you unless you have a hundred Bitcoins. It is a better choice than blindly following the advice of stable coin suggestions.
He already said that he just can't. He can't the volatility of bitcoin, ethereum and other coins as well. He don't want to bet his money on bitcoin that's why he's looking for much stable coin that he can save his wealth with. It's the top choice that he can make but whether he'll follow the bitcoin advice, there's still some changes that might happen in the future.What if the gov't becomes active in crypto, they won't ban it but regulate and get tax from profits there? so there are other things that op has to consider.
in my opinion it is better to save money in both types of coins, namely stable coins and bitcoin. I think it's very bad if we don't keep some of our money in bitcoin. so I will halve my money. half I will store in stable coins like DAI and the rest I will use to buy bitcoin.
keep money in a stable coin will not get a profit the value of our money will remain. but if we save our money in bitcoin there will be a possibility that our money will increase because the price of bitcoin rises.
keep money in a stable coin will not get a profit the value of our money will remain. but if we save our money in bitcoin there will be a possibility that our money will increase because the price of bitcoin rises.
Instead of buying the stable coins without back up, you can go for the BTC or ETH. The volatility will not hurt you unless you have a hundred Bitcoins. It is a better choice than blindly following the advice of stable coin suggestions.
He already said that he just can't. He can't the volatility of bitcoin, ethereum and other coins as well. He don't want to bet his money on bitcoin that's why he's looking for much stable coin that he can save his wealth with. It's the top choice that he can make but whether he'll follow the bitcoin advice, there's still some changes that might happen in the future.What if the gov't becomes active in crypto, they won't ban it but regulate and get tax from profits there? so there are other things that op has to consider.
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