Topic: If you had suddenly 500 BTC - page 7. (Read 6396 times)
I would transfer to the bank if it is possible(in my country) and if not, I'll probably buy some stuff, or sell them using localbitcoins.
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 ?
Banks will not ask alot of question if they know that you got it from bitcoin due to it's mysterious thingy. And even if they did ask alot of things then say that it's from bitcoin and you owe a site where you got that many. 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 ?
Id cash everything out and hire a duck marching band to follow me around all day.
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.
I agree with you since people/neighbors,authority will be suspicious if you suddenly on a buying spree
Just buy slowly, make a business OR relocate your residence 
if i had suddenly 500 BTC then i will not need to work then i will invest that bitcoin in online business and i will invest bitcoin on real business because 500 BTC is very big amount for starting to expansive business .
if it happened to me. I will sell all bitcoin I got it. I will get 350,000 USD. with that money I just stayed silent until the old days. I'll save money in bank term deposits. it will add to my money as much as 7% annually. it is a very pleasant life.
if i had suddenly 500 BTC then i will not need to work then i will invest that bitcoin in online business and i will invest bitcoin on real business because 500 BTC is very big amount for starting to expansive business .
that is such a big amount and you know if i convert it to USD and then to my local currency. you cannot imagine how big is this amount. i think that is enough for a family for their 30 year of life. buy you know i am expecting more may be many more from 500 bitcoins. and still i am hopful that i can achieve the target.
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.
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
I wish if it would happen that magical with me when I will have 500 coins into my wallet, I would sell all my coins and will buy a new house for me and that kind of magical happening can make my dream come true, let's see when I will have more than 500 BTC into my wallet.
so far I just have two more BTC. I could not imagine if it has 500 BTC in my wallet. I think I will sell all bitcoin I have, and buy a luxury home. but maybe I'll leave some BTC so that I can make it grow back. may create trade sites well enough to make an income. but, I'll do it after buying a luxury home 
Having such a huge volume of bitcoin suddenly within your wallet is not at all possible. Due to luck one or two users get this possibility of getting such an amount. Also user easily becomes rich.
I hear you But op is assuming that IF you have suddenly 500 BTC in your wallet address.Anyway, you can spend it little by little, you don't need to encash them right away. There are several ways actually but putting up a small business then eventually making it grow (thru your continous withdraw of your BTC and fund it) will at least take the suspicion away. You can declare all the accumulated assets and give tax to the government.
for reaching,let's say 3-4% a month,i would not do anything,he would work for me and i would get about 15 btc monthly
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 ?
For 500 BTC i will use crypto mixing services every i sell bitcoin on markets and i think it is make me still anonymous. And about the efforoties i will explain that all of my things are from trading. 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 ?
Having such a huge volume of bitcoin suddenly within your wallet is not at all possible. Due to luck one or two users get this possibility of getting such an amount. Also user easily becomes rich.
I hear you But op is assuming that IF you have suddenly 500 BTC in your wallet address.Anyway, you can spend it little by little, you don't need to encash them right away. There are several ways actually but putting up a small business then eventually making it grow (thru your continous withdraw of your BTC and fund it) will at least take the suspicion away. You can declare all the accumulated assets and give tax to the government.
I don't think that I could suddenly get that much btc some days. because I don't feel my self a lucky person. and these things are 100% depends on luck. but if I got that ammount. I'll transfer them time to time and low amount of btc.
and good thing is I have a side business so I can answer peoples who ask me about these too much money.
and then how you redeem them? and what clarification you give the peoples, neighbors, relatives and possibly the police? lolzz
and good thing is I have a side business so I can answer peoples who ask me about these too much money.
That is my dream to get that very huge amount for me so that it will be really great to have 500 BTC suddenly without any reason, surely this will make my life more smoother comfortable.
and then how you redeem them? and what clarification you give the peoples, neighbors, relatives and possibly the police? lolzz
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 i will be able to have 500 Bitcoin someday. I will not convert it all to flat money. I will only convert some of the Bitcoin when i need to pay something using flat money. In the future i am sure that many online shop will open and they will integrate Bitcoin as one of their currency. And because i had 500 Bitcoin in that day i can buy anything i want in any online shop that accepts Bitcoin as payment.
You should see it as a very good investment towards the future.
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 i will be able to have 500 Bitcoin someday. I will not convert it all to flat money. I will only convert some of the Bitcoin when i need to pay something using flat money. In the future i am sure that many online shop will open and they will integrate Bitcoin as one of their currency. And because i had 500 Bitcoin in that day i can buy anything i want in any online shop that accepts Bitcoin as payment.
Simple,
1: 400 in encrypted cold storage
2 : buy a Tesla model S with BTC (Hope Tesla still accept BTC) arround 50 BTC today
3 : +/-50 to spent as BTC for goods and trade some for the fun of it
I would stay at work for fiat need, sadly, we still need some to survive.
1: 400 in encrypted cold storage
2 : buy a Tesla model S with BTC (Hope Tesla still accept BTC) arround 50 BTC today
3 : +/-50 to spent as BTC for goods and trade some for the fun of it
I would stay at work for fiat need, sadly, we still need some to survive.
I'd buy gold from JMB keeping transactions under $10,000. I'd sell half the gold locally for cash and keep half in gold. Every week I'd deposit a few thousand in my bank, hold cash and gold too. You cover a lot of bases that way. Even open up a few safety deposit boxes.
I would sell it in bulk to someone reputable. Still going to have to pay capital gains tax on it though. No way of getting away with it unless you keep it in bitcoin or go the illegal route which isnt worth it.
Haha,im pretty sure many people at this forum would say that it is actually worth it but personally,i agree with you.
But you know that selling about 500 bitcoins in short frame of time would make it price go down a lot?
It would start a panic selling,people dumping coins like crazy.
By the way getting tax on bitcoins,sucks
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