What to do with our new found wealth??? - page 10.

sana54210

legendary

Activity: 3318

Merit: 1128

Quote from: nur rochid on April 08, 2018, 02:57:02 AM

Quote from: Dragon5 on March 30, 2018, 03:15:40 PM

Actually, it is a poor reflection of on the development and progress of our society when the primary aim of many people is simply to get rich. And many of them believe to achieve it not through determination and perseverance, but through some speculation.

business people need speculation to succeed, besides being disciplined and diligent in reading situations, as long as there is a chance i think it is a good time to start, sometimes they think about risk behind

You need to be very much careful while dealing with any of your money and that you need to think very well before investing that money anywhere.

It is because of the reason that if you will not make the proper use of that money, then you may not be able to earn more money and that your goals will not be achieved. You need to do lot of reading before making any final decision and that before investing of your money.

wxxyrqa

full member

Activity: 1372

Merit: 133

Quote from: AbyssLagiaz on April 09, 2018, 11:12:13 AM

Getting underground to avoid detection and danger from government? You're like a person running away to something that will chase you for lifetime but not really that serious. KYC was made because of these and government really needs to know the person cashing out their cryptos into fiat to know the person behind all the cash transfers around the economy in case a disaster happens and they can trace it in from the documents provided by the suspected person doing the offense.

probably this negative phenomenon in the field of crypto currency is already known everywhere, But no one has yet figured out how to control the crypto currency, in order to avoid being used for criminal purposes. Money laundering by criminals, as well as in the financing of criminal organizations, can all be done with the help of crypto currency, without being detected.

impatientyoutubeJ

newbie

Activity: 60

Merit: 0

What you are doing is simply a crime. If you use btcs be proud, youre not a criminal just cheer

qwertyup23

hero member

Activity: 2268

Merit: 789

Quote from: crzy on November 27, 2017, 06:14:25 AM

Quote from: mickymax777 on November 27, 2017, 05:35:59 AM

I'm currently investigating how to stay under the radar with regards to the profits made from crypto.

So, let's say we made millions, how do you get some of the money back to fiat,but without making waves with the government.

Added, I stay in a corrupt country where large scale government corruption is the norm.

Any help will be appreciated.

PS: Is the idea of crypto not to be anonymous.

This is really hard to escape the rules of government but yeah if you know trusted people that you can send your btc little by little and convert it into fiat then you can really easily do that. But of course you still have to be careful because government will surely make their ways just to know when your wealth came from.

Is it really that difficult considering the anonymity factor provided by bitcoin when transacting due to its decentralized nature? Well if you really want to be safe, I prefer conspiring with someone who has also the same problem as yours and talk your way through it. You may also ask people around the forum regarding trading bitcoin via paypal in order to at least mitigate the risk of the government finding it out. Like you mentioned, you may also transact or convert your bitcoins slowly, but this may also leave a negative implication when the government investigates the transaction.

Quote from: merchantmafnchester778f on April 09, 2018, 09:52:45 AM

Sneaking a great amount of btcs without govt notice can be proved harmful. Better you should pay what the neccessary tax is

The truth will set you free! Like what you mentioned, just pay the necessary tax related to cryptocurrencies to avoid any future conflicts with the law or the government since once they investigate and find that you have been illegally transacting without paying the legal fees, you may be reprimanded for it.

anjelaro

newbie

Activity: 31

Merit: 0

Quote from: mickymax777 on November 27, 2017, 05:35:59 AM

I'm currently investigating how to stay under the radar with regards to the profits made from crypto.

So, let's say we made millions, how do you get some of the money back to fiat,but without making waves with the government.

Added, I stay in a corrupt country where large scale government corruption is the norm.

Any help will be appreciated.

PS: Is the idea of crypto not to be anonymous.

One of the ways to do this is to transfer to wallets of relatives and take sash from them. But there is still some risk of getting caught as someone may report you.

Quraline

newbie

Activity: 84

Merit: 0

Once you earn millions, you won't have any problems, including with the government.

AbyssLagiaz

jr. member

Activity: 185

Merit: 3

Getting underground to avoid detection and danger from government? You're like a person running away to something that will chase you for lifetime but not really that serious. KYC was made because of these and government really needs to know the person cashing out their cryptos into fiat to know the person behind all the cash transfers around the economy in case a disaster happens and they can trace it in from the documents provided by the suspected person doing the offense.

clickerz

hero member

Activity: 1414

Merit: 505

Backed.Finance

I just hold and sell only when needed. Thi is a bad idea since when bitcoin reach almost 20,000 dollar last december I did not sell. Now bitcoin is at 6,000 dollar plus. Though I did not regret but its not a good strategy.

merchantmafnchester778f

newbie

Activity: 32

Merit: 0

Sneaking a great amount of btcs without govt notice can be proved harmful. Better you should pay what the neccessary tax is

goaldigger

sr. member

Activity: 2422

Merit: 357

There is no way you can withdraw, if thats what you say, bitcoins or convert it into fiat without being known by the government because even your wallet restores data and history for your transactions. Remember the japanese guy who withdraw millions from bitcoin ? Huge amount of money will now involves bank and banks probably are connected to the government.

nur rochid

full member

Activity: 1050

Merit: 100

Quote from: Dragon5 on March 30, 2018, 03:15:40 PM

Actually, it is a poor reflection of on the development and progress of our society when the primary aim of many people is simply to get rich. And many of them believe to achieve it not through determination and perseverance, but through some speculation.

business people need speculation to succeed, besides being disciplined and diligent in reading situations, as long as there is a chance i think it is a good time to start, sometimes they think about risk behind

Ramtapsbtc

member

Activity: 364

Merit: 10

Quote from: mickymax777 on November 27, 2017, 05:35:59 AM

I'm currently investigating how to stay under the radar with regards to the profits made from crypto.

So, let's say we made millions, how do you get some of the money back to fiat,but without making waves with the government.

Added, I stay in a corrupt country where large scale government corruption is the norm.

Any help will be appreciated.

PS: Is the idea of crypto not to be anonymous.

If you have that much money do not withdraw one time for security reason. Only the primary member in the family should know that you have the amount. But assets like house and lots or start a small business. Provide trust fund for your children. As a community service help the poor do feeding and give scholarship.

ChConcept

jr. member

Activity: 196

Merit: 1

The Experience Layer of the Decentralized Internet

Well, what I can think of is split the earnings between trusted people (immediate family is a must here) or probably have at least 3 bank accounts to transfer it to. I haven't done that yet, though. Come to think of it, I might try and find someone who has then get some ideas from that person. Gotta admit, there are a lot of good ideas in this thread alone.

Dragon5

member

Activity: 266

Merit: 10

Actually, it is a poor reflection of on the development and progress of our society when the primary aim of many people is simply to get rich. And many of them believe to achieve it not through determination and perseverance, but through some speculation.

Bitbratt

newbie

Activity: 198

Merit: 0

My friend doesnt encash it at once. He distributes it in different wallets and sends it to the exchanges for fiat and then send to his different bank accounts. He also encashes it using money centers and hold the cash at home, he is not putting all in the banks for it is taxable. He bought vault and place his money there

yanlap

hero member

Activity: 672

Merit: 500

Quote from: Klestar on March 29, 2018, 10:00:12 AM

Quote from: mickymax777 on November 27, 2017, 05:35:59 AM

I'm currently investigating how to stay under the radar with regards to the profits made from crypto.

So, let's say we made millions, how do you get some of the money back to fiat,but without making waves with the government.

Added, I stay in a corrupt country where large scale government corruption is the norm.

Any help will be appreciated.

PS: Is the idea of crypto not to be anonymous.

in my opinion , best thing to do is to invest and invest , then the time will come the return of your investment gets higher specially you know that bitcoin is really real and returning the investements double just be wise in exchanging it.

There are always some rules related to the wealth, because it can be of different types. If this is an asset, then just keep the asset as it will be going to give you the profit in the end, if it is saving then just save it so that you can have it at the time you need it and if this is just extra money you have in hand, then invest it in the crypto currency so that you can have good return in some months from now.

Kambal2000

sr. member

Activity: 700

Merit: 257

Quote from: Arlibtchunt2018 on March 29, 2018, 01:14:56 PM

Quote from: mickymax777 on November 27, 2017, 05:35:59 AM

I'm currently investigating how to stay under the radar with regards to the profits made from crypto.

So, let's say we made millions, how do you get some of the money back to fiat,but without making waves with the government.

Added, I stay in a corrupt country where large scale government corruption is the norm.

Any help will be appreciated.

PS: Is the idea of crypto not to be anonymous.

In my opinion the best thing to do is to divide your money into two. Half for crypto then another half for FIAT. Then after that separate your asset with your trusted friends and relatives.

Great idea, most of the people really doing that personally I, saving fiat for our daily expenses and for emergency purposes and saving some for the the future of my family since this is a great opportunity that should not take for granted no matter what.

Arlibtchunt2018

jr. member

Activity: 280

Merit: 1

Quote from: mickymax777 on November 27, 2017, 05:35:59 AM

I'm currently investigating how to stay under the radar with regards to the profits made from crypto.

So, let's say we made millions, how do you get some of the money back to fiat,but without making waves with the government.

Added, I stay in a corrupt country where large scale government corruption is the norm.

Any help will be appreciated.

PS: Is the idea of crypto not to be anonymous.

In my opinion the best thing to do is to divide your money into two. Half for crypto then another half for FIAT. Then after that separate your asset with your trusted friends and relatives.

Kemon

member

Activity: 159

Merit: 13

If I to invest and the rest for saving

Klestar

full member

Activity: 210

Merit: 100

Quote from: mickymax777 on November 27, 2017, 05:35:59 AM

I'm currently investigating how to stay under the radar with regards to the profits made from crypto.

So, let's say we made millions, how do you get some of the money back to fiat,but without making waves with the government.

Added, I stay in a corrupt country where large scale government corruption is the norm.

Any help will be appreciated.

PS: Is the idea of crypto not to be anonymous.

in my opinion , best thing to do is to invest and invest , then the time will come the return of your investment gets higher specially you know that bitcoin is really real and returning the investements double just be wise in exchanging it.

Topic: What to do with our new found wealth??? - page 10. (Read 3280 times)