None of the bitcoiners are going to sympathize with you. If you sold your Fing coins you deserve to pay taxes. Now, evading your taxes is not a good idea. If those coins ever touched an exchange in your name or are somehow tied to a fiat transfer that you did in or out then the jig is up. So just think of it as a charitable donation where you are doing your part to society, in case you were considering donating to charity.
My plan is to pay my taxes and keep a semi modest lifestyle so i simply am not obligated to work for the next 20 years.
Topic: What to do with our new found wealth??? - page 13. (Read 3280 times)
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.
There are lots of things you can do with your newly found wealth, you can invest it back into cryptocurrency or use it to invest in an offline business. Whenever I withdraw my profit from Bitcoin, I usually invest a percentage of it back into cryptocurrency, another percentage to my offline business and the rest goes into savings. Even if you don’t have a business of your own, you can find a place to invest. 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 we are really rich in the new world of crypto, we should live simply and continue to make money with crypto. Do not brag to anyone who has too many jealousies.
But, what if you are rich and you have a corrupt country? they sure to question your wealth and intends you to pay bigger taxes, and If I were to be one of the richest I will save that money and share what I have.
Nevertheless as long as there is no issue with cryptocurrency investment in your country and you pay your capital gain tax when withdrawing to fiat, I do not see this to be a problem, unless you are just totally fed up with dashing your country too much funds to steal.
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 depends on your plans for the future. It would be risky if you'd just hold it your entire life. If I were you, I would convert some of it into cash little by little so that the government wouldn't notice it. I would be able to have a physical investment of what I have through my earnings for my future and for my family's security and assurance for the future.
Probably if the situation in the country is so critical, it is a good idea to transfer crypto into fiat. The other way out is to change the country - why not?
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.
First thing to do, give your tithes and offering to the church, then save, then spend the rest to the things that you need, only the things that you need, don't spend it in accessories and some stuffs that just make you look rich. Try starting a business with it so it will double up when the time comes. Invest on something you know will that will grow when you work on it.
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.
put it in the bank,then make a move on how to go in a business then help the poor people,make a project to community to help people who are unemployed. 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.
Travel around the world with the sexy girls doing all fun. At least I could try since I kinda like to do it from watching other VIP with sexy girls feels like good to be with that kind of scenario. That would be the best part and yet I still have also to consider my family to it like giving some shares if do have to give them also the opportunity to live life in an enjoyable way that we will be together. I guess that would be the best part to happen if given the chance. But then I do not believe in an easy way of achieving it. I should have doubled my efforts and I will not expect also in return so as not to let myself get down whenever things goes wrong.
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.
There are so many people trying to get FIAT off their feet and turn it into crypto, why do you want to turn it into FIAT? To convert everything you own into FIAT, you can look to those who wish to save FIAT to Altcoin. 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.
having a huge amount of money of course will be a question for the government. it is true that blockhaind technology that does not have a central bank as a rotation and examination of the money we have will be detached from all taxation systems and this will cause problems to us who have the amount of crypto assets large enough to take advantage. I think the only way you should do is transfer your money amounts on a small scale and gradually.
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 i were you, i would divide my money and invest in different online businesses. some parts i would give to my family members enough to invest for their own, some part of it donate to charity. of course limit them to none taxable amount. the rest don't just keep them in one bank , open several bank accounts for security purposes because there are banks now having issues. must be wise and be diligent as well.
If we are really rich in the new world of crypto, we should live simply and continue to make money with crypto. Do not brag to anyone who has too many jealousies.
But, what if you are rich and you have a corrupt country? they sure to question your wealth and intends you to pay bigger taxes, and If I were to be one of the richest I will save that money and share what I have.
Have you heard of LocalBitcoins? Find someone with nice reviews on it and exchange your bitcoins for cash. Boom! Now no one has a way of detecting that Mr. X has Y amount of money. Just try to not make big purchases with your new money as thats the only thing that will put you on the radar.
Lol. People are really getting to find a way to stay off the radar, but the truth is that for countries with some strict policies on cash, that may be a hard thing to do. And I imagine how low he will have to be exchanging all the time to be able to stay off the radar since the newly found wealth anyway was meant to help cater for some big things or possibly to pursue some of the things that one would have loved to get. Why the rush in taking all in one go though?
It is risky not only because it is illegal but also how assured are you that no one will steal it?
I would go for investing on multiple real estates, properties and assets just enough that the government would not notice.
Or just fairly pay taxes. You would be benefitted from it too as well as your people and especially the needy.
Investing your money in many multiple and different investments is a great choice so that at all times you will be making great profits so that even when one investment is not making that much money, you will still be making money out of the rest of your investments. It is risky not only because it is illegal but also how assured are you that no one will steal it?
I would go for investing on multiple real estates, properties and assets just enough that the government would not notice.
Or just fairly pay taxes. You would be benefitted from it too as well as your people and especially the needy.
Bitcoin is prevalent for its namelessness so nobody can track our exchanges yet right now we can't utilize crude bitcoin for everything so we have to change over it into fiat for our needs.So we can offer our bitcoins in a few trades to get fiat yet we have to pay some expenses in the event that we are changing over a major measure of money,because managing an account exchanges are restricted in all countries.If you dont need to pay the assessments you can open a business class saving money account so the points of confinement will be expanded.
Well if you made millions and wanna sneak it ... Without notice of any government official..then I would recommend i split it in parts... Send it to trustable people..and remember this the .. problem only arrises when you go forward to encash it !
Thus.. send it to trustable people and... Encash the amount that for government isn't taxable..
And do this over a period..of...time and I don't think there will be any problems with this..
Because encashing is the whole trouble nothing else...
This is a good idea to keep it away from the corrupt officials. My friend has doing this to convert his crypto into a fiat, he uses his circle of trusted friends as a dummy accounts and send to them his millions worth of profits and now he has build his own house and having a livelihood business. There's a way if you have money. Thus.. send it to trustable people and... Encash the amount that for government isn't taxable..
And do this over a period..of...time and I don't think there will be any problems with this..
Because encashing is the whole trouble nothing else...
Why the rush in taking all in one go though?
It is risky not only because it is illegal but also how assured are you that no one will steal it?
I would go for investing on multiple real estates, properties and assets just enough that the government would not notice.
Or just fairly pay taxes. You would be benefitted from it too as well as your people and especially the needy.
It is risky not only because it is illegal but also how assured are you that no one will steal it?
I would go for investing on multiple real estates, properties and assets just enough that the government would not notice.
Or just fairly pay taxes. You would be benefitted from it too as well as your people and especially the needy.
Honestly if I were you, I would take out enough to live for a couple of years and then leave the rest in crypto. It sounds a bit risky and it is but if crypto stays, there is no reason in a couple of years all those funds won't be spendable easily worldwide. At that point you won't have to worry about government taking your money, you will just pay taxes on your yearly expenses which won't be absurdly high. That is what I plan and hope to do, time will tell if that is a possibility or not.
Or rather take some part of it and invest it online to diversify the risk of leaving everything in crypto since with that you have some several streams of income and you can decide to keep investing into cryptocurrency in the long run based on the level at which you are able to invest offline and generate those huge income which I believe anyone with an idea and a lot of money should easily be able to come up with a good service to render. 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 depends on your plans for the future. It would be risky if you'd just hold it your entire life. If I were you, I would convert some of it into cash little by little so that the government wouldn't notice it. I would be able to have a physical investment of what I have through my earnings for my future and for my family's security and assurance for the future.
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 depends on your plans for the future. It would be risky if you'd just hold it your entire life. If I were you, I would convert some of it into cash little by little so that the government wouldn't notice it. I would be able to have a physical investment of what I have through my earnings for my future and for my family's security and assurance for the future.
I'd rather pay my taxes too rather than giving it all to the government if they have found out that I am not paying tax at all, or go to jail because of being unfaithful or untrusted person, what matters for me is I still have something for my family.
Jump to: