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Topic: I have around 8000 BTC,but my country are too small cap to cash out (Read 1505 times)

member
Activity: 238
Merit: 15
Dude, how many bitcoins do you have left?) Because this topic has been on the forum for a very long time))
newbie
Activity: 320
Merit: 0
I doubt this is true and most likely a scam asking for BTC first. If it is true I recommend arab countries as they charge no tax on crypto earnings.



What's the point in lying to him?) I wonder if he was able to cash this money or not)
member
Activity: 250
Merit: 10
Though I am not believing you, because you did not show us proof by signing a message. Whatever, if you need really help with it then I think you should go to Japan. You have millions of Dollar dude, you can go anywhere in the world. Then Go to in Japan and cash out your All Bitcoin. You will find there all the details about tax too.
sr. member
Activity: 1736
Merit: 357
Peace be with you!
A good idea might to be purchase 1000 DASH ($1 million ish about 90 Bitcoin) You get proof of Stake and will get 2 DASH per week as interest, you so just easily sell of the interest received roughly $6000 a month

This would be a good investment with your huge holdings of bitcoin   
Wow! I think Dash would be a good investment for OP as he has a lot of Bitcoin holdings. Free money from Dash's proof of stake would be a good way to earn huge passive income monthly. 8,000 BTC is not a joke if it's true I think you need to keep those coins safely because that means a lot of money and  you can now retire from your job if you have and live like a boss with your love ones.
full member
Activity: 812
Merit: 142
I don't think it's a problem at all, friend. You can go to the countries where you can cash them. With such a Bank you can live in peace.But as if to withdraw completely then I do not know ))

Having too many btc is never a problem that too with so much money involved as you can easily transfer to other people in other countries if you have friends and family staying in other country or can travel and spend some money in btc and get cash and do some shopping etc and keep holding some btc for future.
member
Activity: 459
Merit: 10
Guys,

I'm from Malaysia,and I brought 8000btc when many years ago(and glad that I still have found back).

I'm looking for cash out all the btc I have own now,it is about 100 million usd fund,but I don't think my country market have support that huge of volume,I do my research found that exchanges in Malaysia are really small,big exchanges like only bitfinex and coinbase can support that much of volume,but it can't use their service in Malaysia,and I'm not US citizen.I don't know what to do now.

I'm really frustrated knowing I own that much of money but I can't cash out due to my country is not popular with this coin,any suggestion for me? Whoever can help me solve my problem I promise to gave him 50btc after I manage to cash out.A man will keep his word.

——————————
updated: 6.1.2018 4:54pm

what country that can support 100 mil usd withdrawal?

I'm actually have thinking about open an US bank account,but I'm not sure whether I can withdrawal that much of fund from exchanges to my bank account or not.

I actually don't mind paying tax fees to US or Malaysia gov whatever,I just want to have a cash out plan.






You can switch to cash in small amounts. Or you can go to live in the United States and withdraw money in that country. I think that would be the best plan. Because it can both help you get a better living environment and get more money in a short period of time.
newbie
Activity: 116
Merit: 0
If you have 8000 bitcoins for you it will not be difficult to fly to another country and cash some of your bitcoins there. You can remove the exchange of a large number of bitcoins in the fiat currency in Switzerland. But think whether you need this, you can pay and crypto currency.
newbie
Activity: 168
Merit: 0
I don't think it's a problem at all, friend. You can go to the countries where you can cash them. With such a Bank you can live in peace.But as if to withdraw completely then I do not know ))
I really agree with this, there are many ways we can do to cash out into money. But you're not planning on withdrawing all your btc, right? You have lots of coins, I think it would be wise if you don't take them all at once. Moreover, if you believe, someday bitcoin will surely rise again.
full member
Activity: 392
Merit: 100
I think that even if you move to a country with a big cap, you will still get some process because seeing your amount for withdraw is not a little. If you really want to sell all bitcoin you have in 1x transaction it will affect to the market and local bank in any country will request tempo for your transaction. My advice if you really want to cash out, try to sell some of it first because it would be better to have in the future when you still have 50% of your bitcoin right now.
jr. member
Activity: 140
Merit: 1
I don't think it's a problem at all, friend. You can go to the countries where you can cash them. With such a Bank you can live in peace.But as if to withdraw completely then I do not know ))
hero member
Activity: 840
Merit: 520
Guys,

I'm from Malaysia,and I brought 8000btc when many years ago(and glad that I still have found back).

I'm looking for cash out all the btc I have own now,it is about 100 million usd fund,but I don't think my country market have support that huge of volume,I do my research found that exchanges in Malaysia are really small,big exchanges like only bitfinex and coinbase can support that much of volume,but it can't use their service in Malaysia,and I'm not US citizen.I don't know what to do now.

I'm really frustrated knowing I own that much of money but I can't cash out due to my country is not popular with this coin,any suggestion for me? Whoever can help me solve my problem I promise to gave him 50btc after I manage to cash out.A man will keep his word.

——————————
updated: 6.1.2018 4:54pm

what country that can support 100 mil usd withdrawal?

I'm actually have thinking about open an US bank account,but I'm not sure whether I can withdrawal that much of fund from exchanges to my bank account or not.

I actually don't mind paying tax fees to US or Malaysia gov whatever,I just want to have a cash out plan.






Dude if you are owning such a huge amount of bitcoin which is worth of billions of dollars then I don’t think that you need to cash them out now because this is the time when the valuation is very low and everyone is just busy in buying more and more bitcoins so that they can prepare themselves for the future when the valuation will inflate, I will advise you only that you should hold your bitcoin as much as you can till the valuation inflates in the future so that you could have very good profit.
newbie
Activity: 68
Merit: 0
It is really a big amount and i'm afraid that you have to face a lot to trouble in this case.
newbie
Activity: 109
Merit: 0
God, 8000 btc is a lot of people can not imagine, fantastic wealth, if you say is true, then congratulations to you, so much money is enough for you to live a superior life in any country in the world, is any country.
full member
Activity: 406
Merit: 100
First of all congrats on having that much volume of btc. I would advise you to either move to other countries and get them encashed or wait for the market to grow and sell few btc everytime and get some cash. This would help in growing the value as well day by day and also would increase u r wealth everyday.
sr. member
Activity: 812
Merit: 250
Amazing, you become very rich people dude, be carefull with this news many people will try to cheat you with different ways, maybe you can split your bitcoin to withdraw it . And i think try to withdraw your bitcoin at singapore bank because this country friendly to crypto.
Well it's not a big problem at all just look at the bright spot wow you have that kind of BTC amount so you must be happy. Even if your country has that small cap all you have to do is just wait for it to get big because that amount of btc is a blessing indeed. Withdraw your btc at the right time just wait for it cause it will surely come.
full member
Activity: 392
Merit: 103
www.daxico.com
I dont think its a big problem to sold your bitcoin and convert to fiat as like me from Philippines I can do trading in bittrex, Binance, Kucoin etc...  if you like sold your bitcoin in any exchange then convert in usdt and cash out little by little daily. but with that huge amount it takes you years to cash out all. congrats you become an instant us dollar millionaire.
full member
Activity: 255
Merit: 100
It is not difficult to cash out this amount in Russia. There are a lot of persons and services registrated on LocalBitcoins. Your topic was created in the beginning of this year. Please, let us know about your decision. I pretty sure that you made a research f
member
Activity: 560
Merit: 10
YOUC - www.youengine.io
Dude, just try to cash out your bitcoin in small amount, dont cash it out one big shot.
if you can, make your cash out unnoticeable by your government. Otherwise, you will suspected for money laundry, have no huge income, but have very much money.
newbie
Activity: 70
Merit: 0
i think the best option will switch another country for this purpose.
full member
Activity: 181
Merit: 100
I doubt this is true and most likely a scam asking for BTC first. If it is true I recommend arab countries as they charge no tax on crypto earnings.


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