Once you become a millionaire with crypto, How do you cash out

Keep it for over a year
Pay long term capital gains tax
Report it exactly as it happened
Long term capital gains = lower tax, legal, and avoid prison

Why not just report it accurately, trading crypto isn't illegal.

Tax Invasion is though. If that's what you're asking about then ask about it.

>>3095618
>muh tax invasion

>>3095571


>>3095594
This.

Better the government takes it's 15% cut of skin while you continue to make money, rather than risk getting thrown in prison and losing all past and potential future gains.

Why not move to a country with low income tax laws, start an ecommerce site accepting btc and other major cryptos and slowly buy you're own merch to get clean low tax $$$ into your accounts?

>>3095618
>Wondering how to get around capital gains tax
oh you did.
Some anons buy amazon gift cards to buy general living expenses. basically covers food/gas for life.

go work in amsterdam 6 months
cash out
congratz you made it

>>3095571

>Year 2025
>Pay for everything with my Monero Black card
>No fiat ever again.

These retards who think they are super clever for evading tax.
>try to apply for a bank loan
>"sorry sir, it says here your taxable income is $10k per annum, unfortunately we cannot extend you and credit."

>>3095662

This retard thinking putting himself in debt to the bank is a useful resource
> Apply for a bank loan
> Owes the jews money + Interest

>>3095662
this thread is about cashing out millions of crypto, do you think op needs to take a loan? go back making burgers juan

>>3095649
>Some anons buy amazon gift cards to buy general living expenses. basically covers food/gas for life.
Thats what i was thinking. Or get some monero then back to BTC and take out of a Bitcoin Atm a few times a month for rent money and basic living expenses

>>309569

How does this work? Can you buy amazon Gift cards with btc? can't you only use them for amazon?

>>3095887
I've never actually done it. You can buy a lot of shit on amazon.
You can also buy Visa gift cards, or gift cards for just about any company.

>>3095660
DID U ACTUALLY GET A BLACK CARD?! You fucking sob.

>>3095571
wire your earnings back to the bank account.

and i guess fill out the paper work and file taxes or claims or someshit. i havent got that far i dunno yet

>>3095571
this is a really good question op. been wondering about this myself. now im just waiting for someone to actually give a decent answer.

easy.
Trade shitcoin for bitcoin
send bitcoin to local atm
withdraw less thn 10k at a time

easy as cake.
done it before
will do it again

only downside, bitcoin atms charge 5%

local bitcoin atms in los angles http://localbtm.com/?gclid=CKK6i-7I3dUCFUlNfgodAF4Gng

dont have to pay shit in taxes if you arent a fucking idiot

>>3096063
don't some require fingerprints or phone number as well?

>>3096098
Only if you withdraw over the the IRS flag amount. Withdraw less that $10k at a time

For a bunch of 'crypto investors' you fucking niggers don't know shit.

>>3096098
Even if a phone number was required, go to a fucking 7-11 and buy a burner phone for $10 and load a $30 cell/data plan onto it.

fucking amatures

>>3096130
crypto is about 98% gamblers and 2% investors these days

fortunately 98% of bitcoins are in the hands of investors so these newfags will only be able to spike the shitcoin market to 0 when they panic, not actual bitcoins

>>3096147
maybe the shit coin you invest in is 98% new fag versus 2% investors, but my coins keep me very happy.

>>3095684
>Get a jew loan at like 5% interest or less
>Put all the money in bitcoin and make massive gains

>>3096246
getting a jew loan implies you have a income/job and some form of credit... this eliminates most anons

>>3096162
is it bitcoin? no?

then it is a shitcoin that is going to 0 eventually

im riding the hype train too, but don't forget that is all it is. all these shitcoins have shit tech, shit value propositions, and shit futures

>>3095655
Why six months?

>>3096275
Bitcoin is just hype. You think the average coiner gives a fuck about the actual tech?

>>3096130
Congrats anon, now they've got you for structuring in addition to tax evasion.

>cashing out anything but very small sums

Stay pleb

t. Millionaire in bitcoin