Topic: If you had suddenly 500 BTC - page 6. (Read 6396 times)
I will all my coins irrespective of price as 500 btc is too huge amount to hold and even if price is bit lower it won't make any difference at that stage.
i would build a 100 gpu farm at the very least in a good place with good cooling and everything to run it, i would earn like 2 btc per day at present...
I would sell them all because I would make allot of money with them and there is no reason for me then to hold on to them.
Waiting is only going to take and there are much better things I can do with that money.
but If bitcoin is illegal in your country then what will be your answer to the FBR that from where you got these income. what about the income tax department. for me it is not too difficult because I am a former and can show the income from crops. but what will you do? how will you legalize your 500 bitcoin in your state. Waiting is only going to take and there are much better things I can do with that money.
I will wait until there are people who call me to confirm a BTC belonging to my Wallet. If it does not exist then I would do the things that make me happy and share some BTC I get to those who need
How would you transfer the btc to your bank account without making the Banks / OECD / ask questions?
And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house..
What would you do ?
I think the most wise solution is to withdraw them partially using different cards And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house..
What would you do ?
I would sell them all because I would make allot of money with them and there is no reason for me then to hold on to them.
Waiting is only going to take and there are much better things I can do with that money.
Waiting is only going to take and there are much better things I can do with that money.
Yup and price will not affect that much if you are holding 500 btc, its better to sell them off and invest that fiat money in some real life business and have fun with rest money left.
I would sell them all because I would make allot of money with them and there is no reason for me then to hold on to them.
Waiting is only going to take and there are much better things I can do with that money.
Waiting is only going to take and there are much better things I can do with that money.
How would you transfer the btc to your bank account without making the banks / OCED ask questions?
Hiring 250 people and then send they the money to you but it will still be noticeable if this happens at the same time with the same amount of withdrawal to the banks. Maybe buying something else withdrawing time by time not all in once etc.
And if these 250 people will run away with your money then what would you do ? You don't even claim it that this is your money because you must tell them where you get that money...
If I suddenly had 500 BTC I would first send some portions to the friends of mine and then I would keep it in cold wallet. I would put 100 BTC aside for doing some of the nice things in life with friends and family.
~CfA~
~CfA~
How would you transfer the btc to your bank account without making the Banks / OECD / ask questions?
And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house..
What would you do ?
And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house..
What would you do ?
I would transfer 5$ to random bank account and add following in description field 'bought 500 bitcoin for 5$'.
do that with the follow ways
1)small amounts 10btc on differnt bank
2)btc credit cards
3)look for your local bank limits (with a guy from inside the bank)
4)Why do you want to spent your btc in fiat at once ??
Probably i would buy anything,because i am rich right now right ? 1)small amounts 10btc on differnt bank
2)btc credit cards
3)look for your local bank limits (with a guy from inside the bank)
4)Why do you want to spent your btc in fiat at once ??
Anyway i would take 200 btc to make more of them,investing somewhere or just trading.
If I had suddenly had that much Bitcoin the I would wait for the price to be at least $2000 so that I could become a millionaire.
That is the only thing that I would do with it because I would not have the patient to wait any longer.
That is the only thing that I would do with it because I would not have the patient to wait any longer.
do that with the follow ways
1)small amounts 10btc on differnt bank
2)btc credit cards
3)look for your local bank limits (with a guy from inside the bank)
4)Why do you want to spent your btc in fiat at once ??
Probably i would buy anything,because i am rich right now right ? 1)small amounts 10btc on differnt bank
2)btc credit cards
3)look for your local bank limits (with a guy from inside the bank)
4)Why do you want to spent your btc in fiat at once ??
Anyway i would take 200 btc to make more of them,investing somewhere or just trading.
do that with the follow ways
1)small amounts 10btc on differnt bank
2)btc credit cards
3)look for your local bank limits (with a guy from inside the bank)
4)Why do you want to spent your btc in fiat at once ??
1)small amounts 10btc on differnt bank
2)btc credit cards
3)look for your local bank limits (with a guy from inside the bank)
4)Why do you want to spent your btc in fiat at once ??
How would you transfer the btc to your bank account without making the Banks / OECD / ask questions?
And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house..
What would you do ?
And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house..
What would you do ?
first of all it depends on the country that you are living in, some countries aren't that strict about where you bring your money from!
but also asking this question here is not going to help you and get you anywhere, you need a money launderer to solve your problem
Exactly. you are absolutely right.
There are countries that have a lot of bureaucracy in the banking sectors, as well as a constant monitoring work of remittances.
How would you transfer the btc to your bank account without making the Banks / OECD / ask questions?
And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house..
What would you do ?
And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house..
What would you do ?
If you are smart enough, you won't buy anything that will cause you to be on the spotlight of authorities.
You may need to set up a fake business or why not real business just to make sure your neighbors see that you are working on something.
Maybe make partners with some people you know and work on it to profit and that's the time you buy something.
That might be a timely financial investment, or an investment in yourself to start a new career or kick-start a passion project. You could begin a fitness program, spruce up your home, or update your tech set-up. Or just recharge with a memorable weekend getaway.You can build a diversified IRA portfolio with as little as $1,000—or less.
that is such a big amount of bitocin. i think cannot even expect it to found 500 bitocins. it can change the whole life style of a person. i think then there is no need to wait for any more biicoins that will be enough for living i think.
thats true, my life would definitely be changed, i would most probably buy a lot of stuff with it and give away some of the bitcoins to other people if i got it for free 
that is such a big amount of bitocin. i think cannot even expect it to found 500 bitocins. it can change the whole life style of a person. i think then there is no need to wait for any more biicoins that will be enough for living i think.
It is very risky for someone to transfer 500 BTC to the bank account without triggering the alarm.
So it is wise to transfer in fractions. May be 5-10 BTC in one go. This would ensure your banks will not raise any concern to any regulatory authority.
Also the frequency can be monthly instead of weekly. This way you can show it as your salary.
That's true. The banks would question you where you got those amount if you try to withdraw them all in one go. So it is wise to transfer in fractions. May be 5-10 BTC in one go. This would ensure your banks will not raise any concern to any regulatory authority.
Also the frequency can be monthly instead of weekly. This way you can show it as your salary.
If you can't provide any proof of earnings, then you are surely going to jail because they are going to assume you stole them from someone or is trying to launder money.
It is very risky for someone to transfer 500 BTC to the bank account without triggering the alarm.
So it is wise to transfer in fractions. May be 5-10 BTC in one go. This would ensure your banks will not raise any concern to any regulatory authority.
Also the frequency can be monthly instead of weekly. This way you can show it as your salary.
So it is wise to transfer in fractions. May be 5-10 BTC in one go. This would ensure your banks will not raise any concern to any regulatory authority.
Also the frequency can be monthly instead of weekly. This way you can show it as your salary.
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