Let say you are one of the lucky early investors in cryptos and maybe you have millions by now. The question is how could you actually convert it to fiat without being robbed by the government itself? Actually this is a hard question to answer until today. It will be up to you if you have your strategies regarding cashing out your bitcoins to fiat. Since we do not have really a choice but to convert it to fiat and enjoy your profits, you must know all the possible ways to sell your coins.
Time will come that bitcoins and other crypto-related will be regulated, I think by that time we have nothing else to do but to pay fees and taxes. For now, I suggest go peer-to-peer with your rich colleagues. That would be the safest way without any fees.
Or lowest fees by remittances. Take time cashing out your money, like for example, a maximum of average amount every month. To avoid too much attention from the government. It is just like you are having monthly income.
Topic: What to do with our new found wealth??? - page 11. (Read 3280 times)
There are numerous individuals who are profiting. On the off chance that you will pull back cash from banks, you ought not pull back a lot of cash dislike ordinary but rather every so often. On the off chance that you fear going for broke, there is the bootleg market. Individuals are intrigued to purchase a specific cash with the trading of another money. The vast majority of individuals are doing that. Be that as it may, on the other hand, you ought not believe anybody since they can be cops in camouflage.
It takes a good time to achieve the same thing, because you need to limit in the withdrawal if you want to remain anonymous,
There are banks that will be very happy with you, if they see a sudden spike in the money you enter and exit.
Do you really believe that limiting the withdrawals will allow you to remain anonymous? There are banks that will be very happy with you, if they see a sudden spike in the money you enter and exit.
It doesn't matter how much you withdraw and deposit it's all there in the history of your account and will remain there for years. If they start digging they'll get to you, whether it's today or in 10 years. The only way to stay anonymous is to not use the banks at all. You want to buy something, do it directly for crypto or sell crypto for cash.Hmmn, staying outside the government radar or any suspicious questionings is simple! You can build up gradually; withdraw into the fiats in a gradual pattern. I will also advise you try set up a physical business/office as a front to let people identify you with something too.
So you're telling people to start a business so that you can explain receiving money and withdraw small amounts in a way that doesn't raise suspicions? This is the very definition of money laundering! Walter White also known as Heisenberg had a car wash for that reason. And not only him
https://www.newscastic.com/news/straight-outta-breaking-bad-abq-car-wash-owner-sentenced-for-money-laundering-2901231/
If you have such wealth,a millions and you want to encash it,i think you should do it little by little. But if ever you cash out your million,the government will find a way and do invistagation about your wealth.
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.
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 are worry about the government looking at your money as an illegal way of earning it then you can convert some of your coins to fiat slowly and cash out monthly so government would not recognize that you are holding a huge amount of fiat or cryptocurrency.
Hmmn, staying outside the government radar or any suspicious questionings is simple! You can build up gradually; withdraw into the fiats in a gradual pattern. I will also advise you try set up a physical business/office as a front to let people identify you with something too.
Good question. There are many people who are making fiat money. If you are going to withdraw money from banks, you should not withdraw a large amount of money and not like everyday but once in a while. If you are afraid of taking that risk, there is the black market. People are interested to buy a certain currency with the exchange of another currency. Most of people are doing that. But then again, you should not trust anyone because they can be cops in disguise.
It takes a good time to achieve the same thing, because you need to limit in the withdrawal if you want to remain anonymous,
There are banks that will be very happy with you, if they see a sudden spike in the money you enter and exit.
Do you really believe that limiting the withdrawals will allow you to remain anonymous? There are banks that will be very happy with you, if they see a sudden spike in the money you enter and exit.
It doesn't matter how much you withdraw and deposit it's all there in the history of your account and will remain there for years. If they start digging they'll get to you, whether it's today or in 10 years. The only way to stay anonymous is to not use the banks at all. You want to buy something, do it directly for crypto or sell crypto for cash.
It takes a good time to achieve the same thing, because you need to limit in the withdrawal if you want to remain anonymous,
There are banks that will be very happy with you, if they see a sudden spike in the money you enter and exit.
Do you really believe that limiting the withdrawals will allow you to remain anonymous? There are banks that will be very happy with you, if they see a sudden spike in the money you enter and exit.
It doesn't matter how much you withdraw and deposit it's all there in the history of your account and will remain there for years. If they start digging they'll get to you, whether it's today or in 10 years. The only way to stay anonymous is to not use the banks at all. You want to buy something, do it directly for crypto or sell crypto for cash. 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 really have made millions with your investments what is the point of going through all the trouble of trying to hide that fact, declare your income pay your taxes and forget about it, no amount of money is worth to spend a single day in jail, even if you were able to somehow avoid the taxes you will live all your life in fear thinking that the government is out to get you. 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.
The crypto is the wealth 
I think it depends on how much you want to cash out. If its a large amount, make sure to discuss it with a lawyer and an accountant to see what you need to do to minimize taxes.
There are service providers that will allow you to get a loan against your crypto which is not taxable (at least in the US). Check out Salt Lending if you are interested in this approach.
You can also look into doing a private placement type transaction. Check out IBC (International Blockchain Consulting) which offers an OTC Dark Pool for high net worth people where they help people buy and sell large amounts of crypto.
I would be careful about using family or other 3rd parties since it could be considered money laundering if you intentionally structure the transactions to avoid reporting the transactions. If you are in a corrupt country, they will be more than happy to throw the book at you, send you to prison and steal your crypto so please be careful doing this.
I would highly recommend speaking with a competent attorney and accountant when selling large amounts of crypto.
I think it depends on how much you want to cash out. If its a large amount, make sure to discuss it with a lawyer and an accountant to see what you need to do to minimize taxes.
There are service providers that will allow you to get a loan against your crypto which is not taxable (at least in the US). Check out Salt Lending if you are interested in this approach.
You can also look into doing a private placement type transaction. Check out IBC (International Blockchain Consulting) which offers an OTC Dark Pool for high net worth people where they help people buy and sell large amounts of crypto.
I would be careful about using family or other 3rd parties since it could be considered money laundering if you intentionally structure the transactions to avoid reporting the transactions. If you are in a corrupt country, they will be more than happy to throw the book at you, send you to prison and steal your crypto so please be careful doing this.
I would highly recommend speaking with a competent attorney and accountant when selling large amounts of crypto.
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.
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.
Move to another country where it is safer and start encashing your bitcoins there. If like you say, your country is corrupt.. so even if you sell to others face-to-face, when you put the money into the bank, you will still draw attention to yourself.
If you have made millions, you should sell a bit to buy that airticket to another country and encash your crypto there. Live in the safer city if you can too.
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.
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.
Your idea about the cover of your transaction is highly unlikely to go unnoticed. Governments are even more connected with the crypto trading and they are tracking the transfers between the crypto and FIAT.
Governments are even limiting the crypto exchanges and trying to take control of them.
If you try to get under the radar then I wish you the best luck but I would personally report my taxes no matter how big amount I am cashing out because sooner or later I could be tracked and billed.
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.
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.
It is a complicated situation I had imagined once. the best solution, also the hardest to do, is to find some one face to face who will buy your cryptos wallet account in gold amount. I think this way will put you and your wealth under radar. is it possible to do !?
If we are really rich in the new world of crypto, we have to live simply and go on to make money with crypto. Do not give up this way..
If you have a new wealth then you should take care of it and only do good decisions that will help you grow your wealth because wealth is not easy to find because it needs a lot of time and patience before you can completely reach the time that you will be having a lot wealth. Be good in decision making so you will not regret at the end of the day.
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.
It is noticeable if you encash a large amount so it is better to divide it into small portions and ask for some of your trusted buddies to encash it for you. If you dont trust anybody then you encash it once or twice a month but it would take time. 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.
Yeah many related issues with bitcoin and corruption. That is not a good one
But to think when a goverment have some regulation on it and make especialy the gov employe. Need to track the bitcoin flow with one thing to seeing and control bitcoin for the goverment
But to think when a goverment have some regulation on it and make especialy the gov employe. Need to track the bitcoin flow with one thing to seeing and control bitcoin for the goverment
If I made millions here, I spend half of it on investments. I will invest on ICO's and some stocks on the market. The more investment, the more chances of winning. The other half will be used for my personal needs.I will buy the things that I want to buy first, things that will make me remember how I worked so hard to obtain that kind of money. The remaining money will be saved for my family needs. I don't want to go back being broke.
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