What to do with our new found wealth??? - page 3.

michellee

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Quote from: fishball on July 22, 2018, 10:56:22 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.

It is really a difficult situation wherein i want to be also in that situation but reality says now, i am not. So, i think you should try to encash it little by little not as a whole. This will surely help you not to be traced by government with such huge amount of money.

I think if we want to avoid the government investigation, we can do like you said and I think it will be safe for us. I think many of us using this way to withdraw their bitcoin especially if they are lived in the country which bitcoin is ban so they cannot free to withdraw their bitcoin. but maybe he can use another way to use third party or local services from the people which are lived in the same city as him.

fishball

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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.

It is really a difficult situation wherein i want to be also in that situation but reality says now, i am not. So, i think you should try to encash it little by little not as a whole. This will surely help you not to be traced by government with such huge amount of money.

embargo

newbie

Activity: 266

Merit: 0

You can anonymously earn bitcoin, but here's the conclusion in fiat money leaves a mark. At the legislative level, there may be limits, restrictions, and identification in the country. In general, to earn is one thing, and the other is to be able to spend anonymous money anonymously.

2@abcdeeply

newbie

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If you pick up new tokens, hold them for a long time. As such, they will increase because of the time it takes to develop the business of the coin. I should hold 6 months.

BitcoinCommodor

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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.

It’s up to you to decide how you want to spend your money you’re getting from Bitcoin. If you have a business that you’re running outside of BTC then I will advise you to use the money got from Bitcoin to invest in that. Business to help it grow bigger if you believe it has the potential to bring in bugger income. Apart from that you can also invest else where, but be careful cause most of these investments turn out to be scam.

Deubila

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Quote from: Bellator on June 25, 2018, 08:39:27 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.

Our new found wealth is already our treasure in the coming years,this can be kept safely in a secure and legit wallet,addresses and private keys doesn't need to expose too much because nowadays hackers were everywhere that we need to be more vigilant inorder not to get victimize from other people that does have bad intentions.

Exactly. I think so. Each person's treasure is his own treasure. We need to take care of them and protect them in a scientific and intelligent way. Nowadays anything modern can happen, learn how to protect your treasure, keep secrets for yourself. Be careful and smart to achieve the goal.

Marcsymon

member

Activity: 322

Merit: 10

Quote from: Elai101 on July 18, 2018, 05:26:59 AM

Quote from: jjjrmy on June 24, 2018, 02:37:23 PM

Preserve the new found wealth by not spending them thouroughly, even if the wealth is many , try to invest this wealth in another investment , if use and enjoy spend it wisely and have limits for spending, You will let this new found wealth also grow and gain profits so that it will not deminish and vanish entirely.

Secure your wealth so that it will not be stolen by anybody nor scam. Do not be greedy, help those who are in need because good acts will be back unto you in a right time. Make that wealth grow by putting it into a business. Spend only for important things but not being selfish. Money is wealth as long as we are alive but just reminding you it will be useless when we die. So do good to others.

I agree your point of view that thinking of helping others who are need because this will bring us much wealthier not only with money but also the goodness to the eyes of the people who are receiving our kind and cares with the new wealth that we achieved. Avoid being selfishness because there is no any good things that bring it in return to us.

Elai101

jr. member

Activity: 154

Merit: 1

Quote from: jjjrmy on June 24, 2018, 02:37:23 PM

Preserve the new found wealth by not spending them thouroughly, even if the wealth is many , try to invest this wealth in another investment , if use and enjoy spend it wisely and have limits for spending, You will let this new found wealth also grow and gain profits so that it will not deminish and vanish entirely.

Secure your wealth so that it will not be stolen by anybody nor scam. Do not be greedy, help those who are in need because good acts will be back unto you in a right time. Make that wealth grow by putting it into a business. Spend only for important things but not being selfish. Money is wealth as long as we are alive but just reminding you it will be useless when we die. So do good to others.

Salala1

newbie

Activity: 98

Merit: 0

I spend a little and invest more into cryptocurrency because I will accumulate more than expected when I invest with it.

Bellator

hero member

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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.

Our new found wealth is already our treasure in the coming years,this can be kept safely in a secure and legit wallet,addresses and private keys doesn't need to expose too much because nowadays hackers were everywhere that we need to be more vigilant inorder not to get victimize from other people that does have bad intentions.

Hirikama29

newbie

Activity: 98

Merit: 0

If you have new assets lf the bitcoin you should keep them more careful and we should have but safe wallet type as well as high security and it is important that we should trade the trading floor well.

chunterrie

newbie

Activity: 196

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well , if i will make millions out of crypto.. ill encash it by little by little amount, one at a time encashment... or whenever need arises.. invest in business, then slowly put some of it in a bank... and ill remind myself not to spend too much.... hehhe

airdrophunter

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Activity: 434

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The Exchange for EOS Community

Nobody will ever dictate you on what to do with your new found wealth in crypto and it's non of their business anyway. Besides, it's even better to let others know especially those people who always give negative perspective to cryptocurrency for them to learn and realized that they are wrong.

ishinn99

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BitHostCoin.io

Quote from: okissabam on June 24, 2018, 09:18:16 AM

I dont think you are able to withdraw a million everyday so I think the best thing you should do would have to slowly withdraw them in fiat then schedule them on when you have to withdraw the money. Anyways it is untraceable, so better not withdraw them to your bank.

Is there anyway we cannot withdraw it to our bank? From btc to usd to local fiat currency, the only way we can withdraw it is to our local bank. Here in our country I think only 1 or 2 crypto companies are able to trade btc to local currency.

crypki21

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Activity: 72

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Quote from: bitcoinisbest on June 22, 2018, 02:39:56 AM

Quote from: crypki21 on June 21, 2018, 05:43:08 AM

It is very annoying that in some places you have to run away from the government and stay under the radar. Similar in where I live too, however the gov. has not even taken care of considering central regulation on crypto as I know.

It would be much nicer like for instance in Holland, where you have to pay like 2-3% tax on your earnings from crypto and then you are white. I could totally live with that.

Never try to do anything like if your country has banned the crypto then stop using it . Do not indulge it in else you may have to face consequences . Instead if possible move away from that country if you cannot stay away from the Btc or other coins and think that is your future .

Yeah, but it is not the case that crypto is banned in my country (fortunately). Instead, there are moves from the biggest local bank to implement blockchain technology. We just do not really have exact regulation for crypto as far as I know yet.

Cult

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Enter the future of gaming

I am trying to create a crypto-related project by myself. The market is fresh and there are plenty of unexplored niches. That would be dumb not to use them.

jjjrmy

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Merit: 10

Preserve the new found wealth by not spending them thouroughly, even if the wealth is many , try to invest this wealth in another investment , if use and enjoy spend it wisely and have limits for spending, You will let this new found wealth also grow and gain profits so that it will not deminish and vanish entirely.

justicesquadron

member

Activity: 215

Merit: 10

I do saving money in the bank and my atm, pruchase the goods needed especially our clothes and foods. All of this i'll do because i want to help my family especifically about our finances and i believe that everything they give there is a replacement and i want to make them even more proud because of what i do and help that's all i want to hear from them.

TechnoBibble

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Activity: 179

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Make a silent transfer of your wallet if you want to keep it for a long time. Things will get better and someday you will have to sell them. Keep in the wallet and keep the password carefully and always know how to get it out when needed.

pantheraio

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Activity: 168

Merit: 12

Care is required in attracting or withdrawing your money. Because if your money is very much then it will be suspected by the bank dikarenak there is a strange source of your money from where. You may be able to dilute your assets in the bank slowly or gradually to make it less conspicuous.

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