Topic: If you had suddenly 500 BTC - page 8. (Read 6396 times)
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.
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 ?
For your convenience, if you want to convert it into a fiat 2-3 BTC per convert i think it safe. because sure enough if you melt my country 500 BTC on a deal it will be a public debate which is endless, your life will not be quiet. Thank you
i will just withdraw some of the amount every month and deposit to some account in a bank and then when i they ask me i will tell him that i was saving some money every month from my salary
mmmm i think i can only expect it. but very difficult in real life. i think it will change my whole life. it can solve my big big issues about which i usually thinking. which i have solve in future.
Of course it will change your whole life due to the fact that 500 bitcoins is so much money it would be insane in my eyes.
I think that I would jump in the air, like nobody care... I than could do what I want!
mmmm i think i can only expect it. but very difficult in real life. i think it will change my whole life. it can solve my big big issues about which i usually thinking. which i have solve in future.
Deposit 0.1BTC in a gambling site; put it on autoplay for dice; forget about by mistake as i play my video games. I realise after 5hours of gameplay; check the gambling site quickly hoping i didn't lose it but omg i got 500BTC wooooo XD. i give 1BTC to 10random users on the site because i would be so excited then buy all the games on my wishlist; then keep the rest for anything that i would 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 ?
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 ?
Make a large purchase Like a New beemer and refuse to buy it unless they start accepting bitcoin.
Slowly, around 2 BTC/month.
If you want spend more, do it in BTC alone, without intermediaries.
i would definitely not spend any of my bitcoins, i mean what is the point to spend that right now if it will be worth much more money in the future, i would definitely hold it for a whileIf you want spend more, do it in BTC alone, without intermediaries.
What's actually the point of earning bitcoins and forever holding it in? I mean, you don't necessarily know when it will be at its highest price. So rather than holding them all, I spend around 50% of my total monthly bitcoin earnings.
It's just an opinion. It's all about personal preference after all.
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 ?
What I would do is like this: Invest in few altcoins, invest in some new ICO that are/will be releasing nowadays, the rest I would spend buying a new house or flat then the next investment would be a normal car and the rest of this I would continue holding them for an undefined time.
If somehow I had this much money in Bitcoin to be honest without wasting of time will sell a larger part of this sum. I will buy invest in real estate to use them as rent to have a permanent source of income. Bitcoin in my opinion has reached where it could be with some percentage of plus/minus. I will hold just 20 Bitcoins out of these 500 Bitcoins for long term.
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 ?
Lol I don't need to transfer it to my bank account maybe I would buy anything with that or sell some it whenever I need extra money 500btc is too much for an ordinary people he can't spend all of it in just one day , a week , or a month . I guess people would confused about where they will put theor momey .
honestly if this is happened to me i would convert all of my bitcoins into my local currency and i would invest all of my money to physical investment such as buying houses, or buying land for my future investment because in my country invest for those property is very profitable and land or houses prices will increase every year
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.
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.
It would be best to not all sell at once, this goes for just about any investment position.
well selling it would be difficult and the wallet source address is traceable in the blockchain, so i will break it into portions. let's say 20 percent will converted into cash (slowly), 25 percent shall put-up a small profiting business to cover-up some issues on your source of income and other shaddy non-sense, 20 percent shall go to passive income investments, 20 percent will go to bank and the remaining 15 percent shall be kept and make it grow.
Slowly, around 2 BTC/month.
If you want spend more, do it in BTC alone, without intermediaries.
i would definitely not spend any of my bitcoins, i mean what is the point to spend that right now if it will be worth much more money in the future, i would definitely hold it for a while If you want spend more, do it in BTC alone, without intermediaries.
You can also invest all that money into something. Like a dice site or something like that. A dice site seems to be a good cover up for all this. It looks like as if the 500 BTC is investment you made earlier and make great profit out of it. Of course, it would be terrible if you lost it all.
I would sell them all at once and the then quit with Bitcoin because I can already make much money with it and I have no time o wait for the future.
It is not even if the future is going to give us want we want so I am not taking the risk then.
It is not even if the future is going to give us want we want so I am not taking the risk then.
Yeah 500 btc is a really huge amount to hold so I would prefer to sell half of them and convert it to fiat currency and invest that money in real life business and rest will hold for the future.
I would sell them all at once and the then quit with Bitcoin because I can already make much money with it and I have no time o wait for the future.
It is not even if the future is going to give us want we want so I am not taking the risk then.
It is not even if the future is going to give us want we want so I am not taking the risk then.
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