What to do with our new found wealth??? - page 14.

Aying

sr. member

Activity: 784

Merit: 251

https://raiser.network

Quote from: aardvark15 on March 09, 2018, 12:27:58 PM

Quote from: mickymax777 on November 27, 2017, 06:35:59 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.

My advice is to pay taxes so it’s all legitimate and then you don’t have to look over your shoulder hoping the IRS doesn’t audit tiu.

If I make a million dollars in my investments, I’ll gladly pay 30% to the government to ensure I’m in the clear because if you get audited, you are going to have to pay penalties if you didn’t report everything. I’m still going to be in good shape even if my one million turns out to be $700,000. I think they have people looking closely at this so just be careful.

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.

aardvark15

hero member

Activity: 994

Merit: 510

Quote from: mickymax777 on November 27, 2017, 06:35:59 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.

My advice is to pay taxes so it’s all legitimate and then you don’t have to look over your shoulder hoping the IRS doesn’t audit tiu.

If I make a million dollars in my investments, I’ll gladly pay 30% to the government to ensure I’m in the clear because if you get audited, you are going to have to pay penalties if you didn’t report everything. I’m still going to be in good shape even if my one million turns out to be $700,000. I think they have people looking closely at this so just be careful.

s0beit

sr. member

Activity: 556

Merit: 250

Quote from: mickymax777 on November 27, 2017, 06:35:59 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.

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.

robbietobby

member

Activity: 294

Merit: 11

For a beginner, a new found wealth must be organize like a new school supplies in an opening of the class. It must be first be ideal to monitor the in and out of how your money cycle, goes in or out to and finally be very visual in handling. Have the most critical mind that be able to solve how money works when being allocated to. Have the list of priorities to less periorities so that you are very accountable to what was being loss or gain.

tm2k

newbie

Activity: 36

Merit: 0

interesting thread, I wish I could retire but I went in way too late and have to admit that I am in red instead of having made any profit Sad

JC btc

sr. member

Activity: 770

Merit: 253

Quote from: 19spawnfeed on March 09, 2018, 11:11:24 AM

Quote from: ?? on ??

Greetings! My name is Denis, I address all the people of this forum with a request to support my small start-up
in the country in which I live it is simply impossible to attract investors for the business project, so I decided to address everyone in this forum,
maybe there are people in the world who are not indifferent to the problems of a person who can send a small amount in satoshi to my wallet 18Kq8x4RT1i52JX2FstqkEZqx5nPSSBipt
I, in turn, will not remain in debt to you!
if you read my message thank you very much!

I make smart investments to maintain the wealth. I Think about opening an individual retirement account or a brokerage account. I plan on investing in private business opportunities, to know how much i can allocate towards those deals without putting myself in a financial hole. One of the most important things that i can do when i first start making big money is to find a mentor who can give me advice on how to manage it. Find someone that is not making money off of me to get financial tips from so i can avoid the pitfalls of money mismanagement.

That is wiser than saving it in a bank account, as per me I am spending wisely with this kind of what they called new found wealth, I have already a small business it came from my earnings here in forum and through small time trading, at least now I do have something I can call my own business but it is just a small time business.

19spawnfeed

jr. member

Activity: 182

Merit: 4

Quote from: ?? on ??

Greetings! My name is Denis, I address all the people of this forum with a request to support my small start-up
in the country in which I live it is simply impossible to attract investors for the business project, so I decided to address everyone in this forum,
maybe there are people in the world who are not indifferent to the problems of a person who can send a small amount in satoshi to my wallet 18Kq8x4RT1i52JX2FstqkEZqx5nPSSBipt
I, in turn, will not remain in debt to you!
if you read my message thank you very much!

I make smart investments to maintain the wealth. I Think about opening an individual retirement account or a brokerage account. I plan on investing in private business opportunities, to know how much i can allocate towards those deals without putting myself in a financial hole. One of the most important things that i can do when i first start making big money is to find a mentor who can give me advice on how to manage it. Find someone that is not making money off of me to get financial tips from so i can avoid the pitfalls of money mismanagement.

sharnel18

newbie

Activity: 168

Merit: 0

Quote from: Twinscoin2017 on November 27, 2017, 06:57:27 AM

I believe god will give us a wealth for a reason maybe if we have now a capacity to help others by our new found wealth we must do helping for today before everything is toolate.bitcoin wealth is like a blessings that is really un expectable and maybe introducing the advantages of bitcoin is also a great way of helping others that they will be having an idea to make learning and maybe they can gain someday if they do bitcoin.

Absolutely yes!if we are lucky with our new found wealth,as a result of your effort become money,spread it into different banks to make it sure that can't reveal into the government and other portion of it is to save with your own for the future of our family and build a long term business.

hotBriX001

jr. member

Activity: 224

Merit: 6

The revolutionary trading ecosystem

Quote from: Sexie on November 28, 2017, 02:36:31 AM

IT might be better to donate to those unfortunate ones , Go visit hospitals and meet those patients who are in needs of financial support . And helping people who are beyond poverty.

This is a great idea of helping people whom in need. Continue doing help to others, so that new found wealth will leave a good memory to the mind and hearth of others who benefited it. thanks

carlisle1

hero member

Activity: 2744

Merit: 541

Campaign Management?"Hhampuz" is the Man

Quote from: fiulpro on November 27, 2017, 06:38:36 AM

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...

then he might be problematic about the encashment if he takes your advice.the problem is HOW TO FIND A RELIABLE PERSON OUTSIDE HIS PEREMETER WITH NO THAT TAX POLICIES...because for sure since ENTRUSTING is what you recommend then SCAMMING is what he will facing from that

Kevin77

legendary

Activity: 1652

Merit: 1057

Quote from: Zach707 on March 07, 2018, 05:27:42 PM

Quote from: mickymax777 on November 27, 2017, 06:35:59 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.

With my new found wealth i am planning to pay allmy debt and the morgagre of house and lot the remaing money will be save for the school fees and the childrens future. My dream is to purchase a land and construct and manage a big store.

Hmm. I guess most of the people who have always been into mortgage and some form of debt will have some freedom at last.
It is a good thing to be able to do this since at least one can start catering for one's future.

The way the government has been able to put us all in bondage is to always keep living a life of loan, which a lot of people thought was good but in the real sense, it is just the crazy world we live in with some people taking the money while some people are busy living the life from spoon to mouth.

genocide

full member

Activity: 258

Merit: 100

Quote from: mickymax777 on November 27, 2017, 06:35:59 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.

Your question makes me to think as I earned that much. But if the time happens that I made millions, I will be strategic enough to cash out my bitcoin to fiat little by little in a monthly basis. For this reason, there is no need to have an investigation or suspicious transactions that enable the bank to report and investigate where the transactions came from. Aside from this, there are companies and some financial institutions accepting bitcoin payments, maybe we can have business with them like buying their shares of stock or investing with their company.

If I will be given the chance to have that wealth, I will give it back by giving or sharing my blessings to my less fortunate fellow. Because I believe I am blessed to be a blessing to others and it will be a great help to those people who suffering from hunger. Much better to give help to the end user than to be in the hands of a corrupt government officials as what you have stated above.

It is not truly anonymous, a privacy is not fulfilled as we expected.

aoluain

legendary

Activity: 2282

Merit: 1268

Something I havent looked into too much yet because I have not earned
a wealthy sum from crypto but what I have in my mind is to set up
a NUMBERED BANK ACCOUNT and simply transfer some converted
crypto fiat there.

http://www.offshore-specialists.com/product/numbered-bank-account/

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: franzkie345 on March 07, 2018, 09:10:56 PM

Quote from: KSCTeam on November 27, 2017, 07:48:56 AM

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.

I think we don't have to withdraw a big money to our bank account at the one time and only withdraw from our daily life and buying our daily needs. and I think they will not think that we can get an income from bitcoin because we are using another service like localbitcoin to cash out our bitcoin to fiat. I think if we can act like another person then we don't have any problem with the taxes and even if we should pay the tax, the amount is not too big depends on other people which is rich.

franzkie345

newbie

Activity: 98

Merit: 0

Quote from: KSCTeam on November 27, 2017, 07:48:56 AM

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.

Finestream

hero member

Activity: 3052

Merit: 606

Quote from: jassanpary on March 07, 2018, 12:41:34 PM

With the new wealth, I'll plan in such way that some part of investing in the bitcoin as well as in the ethereum. Remaining for the shopping and other things. But investing in the bitcoin again increases the wealth that's why bitcoin.

Maybe it would be a solution too,investing into some good altcoins that will produce more wealth too.I would also do that but the rest i will entrust it to some of my family members and relatives in terms of making cash-out so it would not be an issue being traced by the government.Maybe we will go out of the country together and enjoy our vacation there.Then back into our own country and made some businesses in the real world managed by members of my family.

lingwistiko

member

Activity: 322

Merit: 10

╔►[FILIPINO Translator]◄╝

It'll just be easy to withdraw it in parts unless if your government has regulated bitcoin and cryptocurrencies for you will surely got noticed when you do the withdrawal transaction. Once you have withdrawn it in parts, deposit them in different banks too.

cryptoalfs76

full member

Activity: 406

Merit: 100

▰▰▰ MODULE ▰▰

Quote from: mickymax777 on November 27, 2017, 06:35:59 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.

So if that happen example that you have so made a million of asset in cryptocurrency and you live in the corrupt country and you dont want that your government can identify all your asset,first things you can do is to withdraw an enough money to travel abroad and migrate your family in the other country thats not corrupt and used that your wealth in other country,so that all of your family will become benefited in your asset,because you can do that because you dont love your country anymore.

Zach707

newbie

Activity: 210

Merit: 0

Quote from: mickymax777 on November 27, 2017, 06:35:59 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.

With my new found wealth i am planning to pay allmy debt and the morgagre of house and lot the remaing money will be save for the school fees and the childrens future. My dream is to purchase a land and construct and manage a big store.

nightmanisrightman

full member

Activity: 252

Merit: 101

Global Risk Exchange - gref.io

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.

Topic: What to do with our new found wealth??? - page 14. (Read 3214 times)