Cashing Out

>>2349933
You cannot cash out from Poloniex. Nobody has been able to for about a week now. Their treasury got liquidated some time in late May. The news will hit next week. Expect a 1929 level crash

This kind of skepticism is normal from people who don't understand how markets and trading actually works.

If you have something, you can trade it with somebody else who wants it... simple as that. It doesn't matter what the underlying asset is. That's literally how the entire economic system works.

For the record, I've cashed out 95K USD over the last three years... either cash out at an exchange and pay the taxes / fees, or deal local.

Take a look at some of this, anon: https://www.bitpremier.com/

You can trade cryptocurrency for real estate. You can trade anything for anything. Welcome to capitalism.

>>2349954
I cashed out from Poloniex last night. 24 ETH.

You're trying to spread bullshit.

Poloniex is the Hotel California of exchanges.

You can check out but you can never leave.

I've not "cashed out" my crypto fortune but if I did I'm sure the IRS would come knocking. I'm gonna ride thru the next bear cycle, then see an asset protection attorney on the subsequent bull run to see what I can do to avoid the tax implications because my liability would be at least 6 figures.

This thread gets asked almost daily. Honestly just do your fucking research on taxes, there are barely laws on cryptos and every country is different.