Thanks for the advice guys, that makes a lot of sense.

I'm trying to improve/perfect as much as possible the security of my Bitcoin.

My current security is:

1. Use Ledger Nano S to store keys
2. Have 24 word back-up phrase stored in multiple hidden locations that no-one will find
3. Only access my BTC on hard-line internet connection (no wifi to stop hackers intercepting)
4. Only access my BTC on a computer that I rarely use and update the virus software to stop trojan horse/remote access.


I'm wondering a few things though:

1. If the Ledger Nano company goes out of business, where will my keys go? How will I access them?
2. Is there anything else obvious I can/should do to improve this process?

Thanks for any comments or suggestions.

Bitcoin will increase in value by 10x or more over the next several years.

Gold will increase by 5x at the most.

Easy decision right.

Yeah the trick with Bitcoin is that many people are waiting for the price to fall so they can get in at a cheaper price.

But Bitcoin is just getting more and more expensive...

Which is why the time to get in is now..



By the way, excellent video OP, really good analysis of why to buy Bitcoin.

Hi, would be great to get advice from anyone who has had a similar experience.

I'm trying to cash out of my Binance Jersey account.

I have given BJ my correct account details (same account I deposited with).

After trying to withdraw with no success and contacting customer support, they advised pretty much that 'the withdrawal was unsuccessful - have a nice day'.

I have tried to withdraw multiple times and they keep giving no reason why they cannot do this, just iterations of the same message.

They only have email support, no phone number, and I'm pretty much stuck in this loop.


What steps can I take here to get my funds back if they are pretty much stonewalling me and giving me no meaningful reply or next step to get my funds back?

I am based in the UK, they are based in Jersey from my understanding.

Can I take legal action if they fail to send me back my funds?

Thanks for any advice.

Hi, is there anyone that can fully explain this formula?

(BTC$ = 0.4*SF^3)

I found this on PlanB's twitter:https://twitter.com/100trillionUSD/status/1120265384932859904

Thanks for any advice on this

Just to clarify, I'm not condoning avoiding paying taxes. The questions here are for educational purposes - anyone can choose to report/not report any gains at their own risk.

Anyone who does not condone tax avoidance, that's fine, you are entitled to your feelings and opinions.

But if someone wants to think intelligently about how to manage their tax, like the wealthy do, then that's their prerogative.

Remember that the tax laws are created by the same extremely wealthy people who are able to avoid a large chunk of their taxes.

They create loopholes that they and their wealthy buddies can use to avoid taxes.

They use trusts, off-shore shell companies, off-shore bank accounts, charities, etc etc. The loopholes change every few years to catch out those who are not in-the-know.

Politicians do it; celebrities do it; the wealthy do it; and big corporations like Google, Apple, Facebook, Amazon, and Starbucks, who pay as little as 5% tax, yep they do it too.

And you can do it too. But to do it, you just need to use the gray matter between your ears.

If you're investing in Bitcoin, then who knows, you might be extremely wealthy in the very near future. It's worth thinking about the tax implications now. Not in the future when you're staring down at a tax bill for hundreds of thousands.

Think like the wealthy do, and you'll retain your wealth. Think like a poor person, and you'll quickly lose your wealth and in a few years you'll be back where you started.

There's a reason the rich stay rich, and the poor stay poor. The rich come up with creative ways of guarding their wealth. They definitely don't just say "tax is unavoidable". That's the lie they want you to believe to stop you from even thinking about it.

There may very well be ways to LEGALLY reduce, or minimize your tax burden - EVEN BETTER!

I think Bisq Network or a similar P2P network + a foreign bank account for them to send funds to could be used to accomplish this.


That's awesome! Lucky for Germans.

I think you have to live there for several years to qualify as a resident though right?

I assume you have to buy through a German exchange and use a German passport?

One could use a friend living in Germany to buy the BTC for them.. although this could get complicated.

Germany's a wonderful country - I wouldn't mind relocating there to potentially save money.

Also this would be a 100% legal way of avoiding tax.

Thanks for the info. It seems like I could just wash the BTC funds on Bitmex, by sending to my anon Bitmex account, and then withdrawing to a separate BTC offline wallet?

What are some of the other top anon exchanges?


So it sounds like using Coinjoin, you can cover the trail on the blockchain, and basically make the BTC anonymous.

Or if not then at least by switching to a different coin, and then switching back and sending the coin to a different address than the one that was previously being used.


30% of a mil is still $300k though. For the average person that's close to 10 years worth of income!

This is why Google, Apple, Amazon, Starbucks, all have ways of paying really low tax - around 5%.


Great idea. This is what people do with real estate investments, they refinance to pull out tax free cash.

The problem with this though is that BTC is volatile, unlike property which generally goes up in value over-time. BTC has a cycle where it drops massively in value after the steep bull run - such as the one seen after the previous halvening.


Unfortunately in many countries like Australia, Canada, UK, and I think maybe the USA also, you get taxed on worldwide income, even if you are travelling. Except with countries that have no-double-tax agreements, in which case you only pay tax in the country you made the money in. But BTC is borderless, so your native country will likely want the tax for that.

Thanks a lot for all the info.

Wow not bad, where's that?

If it was only 6%, that wouldn't be too bad.


I've just come across something called Bisq Network, which is P2P, decentralized, and anonymous. Things like this could be a way forward.


Yes I think this can help to hide part of the paper trail. But as you say you still need a way of converting the BTC into either fiat, or something else.

Getting a foreign bank account is not a problem, but getting the BTC into that bank account requires an anonymous network.

In the event that you make a profit from the sale of your bitcoin, in many countries you will need to pay capital gains tax on this profit.

You take all the risk, and if it pays off, the government will be there looking for their taste - 30 to 45% of your gains.

Edit: The tax is generally closer to 10-20% depending on how much you invested, in most countries. But this is still quite a large chunk of change.

Hypothetically speaking of course (I personally would never try to avoid paying taxes), is there a simple way to avoid paying these types of taxes?

Exchanges are collecting your name and handing your transaction info over to the government for tax purposes. But with a little bit of creativity, is there not a way around this? E.g.

1. Using an exchange that does not require KYC / taking your personal information
2. Moving your bitcoin to another address not associated with your exchange account - If asked you can say that you have sold this with 0 profit to the person who holds that new address, "a man by the name of John Smith I think it was". The bitcoin can then be sold on an exchange which does not require KYC.
3. Transferring the funds from the sold btc to an offshore bank account, e.g. in Puerto Rico, which does not share information with foreign governments for tax purposes.

The question is, are there any reliable exchanges/p2p sites which do not require name/passport to sign up to?
Can these exchanges be linked to an offshore bank account in a jurisdiction which does not share banking info with other countries?