If one had made an investment in btc early and was sitting on more money than their bank had ever seen, would selling it all and depositing the £$ into your bank account directly be a bad idea?
Would banks get pissy? Would the government accuse you of tax evasion / money laundering?
Whats the smart way?
Im asking mostly for UK laws, but if you know anything for anywhere I'd still be interested to know.
thx bbys
Withdraw into multiple family members accounts or if u have a shitload just move to Denmark for 1 month and withdraw it all into DKK
Banks are for pussies. Buy precious metals online and cash em out at various local pawn shops and stuff the cash under your mattress
Hasn't crypto trading taught you anything?
>letting other people hold your money
Just declare it as capital gains and pay your damn taxes. It's totally legal.
>>2719288
no interest in tax evasion
Is it as simple as that? Just pay the tax and its golden?
>>2719296
Correct. If it's shitloads of money your tax agency may ask you why. "I traded crytocurrencies" is a valid answer,
>would selling it all and depositing the £$ into your bank account directly be a bad idea?
yes it would be a bad idea to go through the hassle to convert your money to a form that is constantly tracked and scrutinized, in a bank that can decide to take your money away from you whenever it wants, with guaranteed devaluation every year.
>>2719331
Better suggestions?
We've had precious metals, what else?
>>2719339
I like dividend stocks, but thats just me
I withdrew 100k usd from GDAX directly into my Chase account hassle free
>>2719342
Dividend stocks sound nice on the face of it, but I get the impression that in real life they're unreliable and small
Correct me if im wrong pls
>>2719389
They're larger than bank interest.