Made new video: HOW To Cash Out Bitcoin?

pandalion98

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Quote from: Marc De Mesel on July 30, 2016, 05:10:51 AM

Hope you enjoy Cool

https://youtu.be/5CieFnp4Y7I

Summary: Many don't lock in profits enough when bitcoin is clearly in a bubble because they want to avoid capital gains taxes or risk getting annoying questions so they diversify into other crypto's. However when bitcoin is in a bubble so are altcoins and you are not really locking in profits but risking to lose even more in the coming bear market. Better to bite the bullet and think today how to cash out decently to fiat when the time comes.

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I haven't really watched the entire video since it's 3 AM here, so I'll ask here instead.

What's your prediction on bitcoin's price this coming -ber months? Not bear market. -ber months.

Marc De Mesel

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The Best Investment Deserves The Largest Exposure

Quote from: bitdumper on July 30, 2016, 01:16:15 PM

thats a nice tutorial for most of the users here specially to the newbies i have also forwarded the link to some of my contacts but i still thinks my stratgys are better than this anyway thank you for this its very useful

What's your strategy? 😆

bitdumper

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One world One currency, Bitcoin.

thats a nice tutorial for most of the users here specially to the newbies i have also forwarded the link to some of my contacts but i still thinks my stratgys are better than this anyway thank you for this its very useful

Arcteryx

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I liked the video it was very informative on something that I did not inquire about because I don't have a use to cash out any at this point in time. When I do I will follow what I just watched so to do it the proper way and not get into any troubles doing it.

About Bitgold yes they were a very shady company that did some weird things to their customer base so not to give out the referral bonus and locked accounts for not following their rules exactly so many lost bitcoin with using them. Avoid them if possible. Goldmoney is their company so that right there is a red flag to me.

bjman

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There were many complaints about the companies that sell gold for bitcoin holding funds even after proper KYC was provided. Goldmoney is one company that comes to mind. They run the Bitgold website so be very careful about using this company.

Marc De Mesel

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The Best Investment Deserves The Largest Exposure

A great way to cash out I forgot to mention is to buy gold with dealers that accept bitcoin. This way you do not avoid capital gains taxes unless you setup a corporation but you do avoid legal risks by avoiding to cash out via a bank account. Gold is also a good temporary quite stable investment to sit out a crypto bear market.

And of course buying real estate and cars with bitcoin is also a good way but takes often too much time.

Marc De Mesel

sr. member

Activity: 327

Merit: 250

The Best Investment Deserves The Largest Exposure

Hope you enjoy Cool

https://youtu.be/5CieFnp4Y7I

Summary: Many don't lock in profits enough when bitcoin is clearly in a bubble because they want to avoid capital gains taxes or risk getting annoying questions so they diversify into other crypto's. However when bitcoin is in a bubble so are altcoins and you are not really locking in profits but risking to lose even more in the coming bear market. Better to bite the bullet and think today how to cash out decently to fiat when the time comes.

Please click Like and Subscribe to my channel if you haven't already Grin

Topic: Made new video: HOW To Cash Out Bitcoin? (Read 374 times)