Have any of you guys actually cashed out on more than 5000 or

>$5000/$10000
>Rich
Leave now underage

>>2141039
I'm not trying to imply that's a lot of money.
I'm implying that I haven't seen any evidence that any of the "rich NEETs" here have taken out anything.

>>2141062
Why would you "cash out"
Fiat currencies are fucking always going down in relative price due to inflation.
If you "cash out" your losing on potential gains

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>>2141070
This tbqh.

>>2141016
I've cashed out 170,000 into coinbase

To afraid that chase will report me to the FBI.. No idea how to get that much into my checking.

>>2141070
>>2141076
What do you plan to do with the money in the future?

>>2141084

Just pay your 15% and stop worrying

You'd have to be larping to risk 175k over 25k in taxes.

Put $10,000 into ETH ICO

Put $20,000 into WAVES ICO

Putting $30,000 into BAT ICO

Trading is for sheep, by it's definition. I'm rich now because I'm not an impatient trader. I check prices weekly and live my life.

>>2141070

Pretty much. If I just keep my position in bitcoin and some promising shitcoins I will make more money just sitting on them than fiat sitting in a savings account or investing in some stock.
I really don't plan on cashing out until I have enough to live off of for decades desu. Probably wouldn't cash out then either. More likely I would wait for the normies to get in on this train and then cash out.

>>2141099
Wait, is that capital or income? For America 15% sounds waaaaay too low to be true.

>>2141096
Keep reinvesting and pull out a little if needed ever. My portfolio is essentially my savings account. Last time I pulled out some was to buy some weed and a bird (since I was out of spending cash)

>>2141099
I asked HR block and the told be I would pay somewhere above 30%

I feel like just buying more BTC and ETH on dips.

I can't believe the gov will take almost 50k...they didn't even earn it.

FUCCCKK

>>2141112
you sound like an autismo, I don't believe in your advice
>>2141129
I thought the max capital gain tax was 20%? you still got 120k either way.

>>2141162
It's income tax on crypto not capital gains.

>>2141180
I thought that was only if you had it less than a year

>>2141162
High functioning autism would place me above you on the intelligence scale, my man

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>>2141129
Taxation is theft, welcome to the club. You think that money is going to the education system, roads, or policeman/firemen? Fuck no it's not.

>>2141129
I thought if you cashed out within a year it's capital gains? I don't trust anyone at HR block desu

>>2141198
I made 45k this month just on DGB and RDD

I'm not holding that shit for a year...

>>2141213
But you can't buy a lambo with $45k....

>>2141129
You should just keep it all in crypto silly. Only cash out some when you need to spend money on drugs and music festivals. Sort yourself, anon.

>>2141292

Yeah you fucking can you asshat
Who the fuck buys a lambo outright?

A fucking idiot

16k down and 2k per month gets you a fucking sweet ass lambo

>>2141338
Buying a depreciating commodity =(

>>2141292
I'm trying to get a nice house for $120k in a small town.

I don't care about lambos, I just want to retire at 40.

>>2141208
If you cash out within a year your cap gains hits like a fucking truck aka at normal income tax levels. 15% is only if you hold over a year. Did I mention IRS agents are allowed to carry M16s to raid your ass?

>>2141338
>investing in an extremely expensive black hole

Hope you're at least having fun with it.

Can't imagine full coverage insurance from a premium insurance company on that bad boy.

lambos are to cryptonerds as $3000 rims and grills are to basketball americans
a tool to part fools and their money

Can someone in this thread explain to a coin-curious newb how one cashes out? I'm a dirty commie who believes in taxes, I just need to know how to report it.

>>2141340
>>2141362

Yeah no shit, thats why you lease it

>I thought the same shit until I saw this dude on youtube break it down

I cashed out $12,500 at the DOGE ICO. That was it for me. I didn't start mining again until a week ago.