What to do with our new found wealth???

[Ronaldcoin2017]

Here in my country some banks a hindrance to received cashout from online currency like bitcoin. Because they are keen on those illegal activities doing from an online. So the best thing to do with your wealth is when you cashout or convert into fiat with limits daily.

Well that was a  great idea and i believe that is really safe and i think we should also reffer  to invest it to make it double so that we can really help the people that has really a dissability and we need to be more helpful because this new found wealth is really just like a blessing that come in our way without a prior notice it is just like a surprise that anyone can really be amaze by the huge profit that we can really get through it.

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[joebrook]

I'm currently investigating how to stay under the radar with regards to the profits made from crypto.

So, let's say we made millions, how do you get some of the money back to fiat,but without making waves with the government.

Added, I stay in a corrupt country where large scale government corruption is the norm.

Any help will be appreciated.

PS: Is the idea of crypto not to be anonymous.

The main reason for every investment is that in the end, we can reap our success in cryptos and if you are living in country where there is no regulations or law concerning bitcoins you can cashout without any problems but in a country where cryptocurrencies are being regulated you definitely cant.

[wesbrook00]

I'll keep it as a treasure, i won't waste any amount of my new found wealth, i will spend it wisely and make a small business from it

[queenlaurel]

Well if you made millions and wanna sneak it ... Without notice of any government official..then I would recommend i split it in parts... Send it to trustable people..and remember this the .. problem only arrises when you go forward to encash it !
Thus.. send it to trustable people and... Encash the amount that for government isn't taxable..

And do this over a period..of...time and I don't think there will be any problems with this..

Because encashing is the whole trouble nothing else...

I agree with you, look for trustable people and make use of their accounts too, so has to make it light and not draw anttention from the government or other bodies of law.

[selen]

if you live in such country thats should not be a big secret how to turn it around. those involved in corruption in your country have the same issues and manfge to live by smooth. read the newspaper after all ))

[maaydin]

If you made millions and wanna cash it, it is better to cash it out partially and not in a same region, if you could manage to have some connections in different countries and regions you could easily split it on 10 or more parts and cash out in different places by giving them their percentage. Or the best way would be selling your btc to people and take their cash but it would be a long search and you would have to find many people/

[furry04]

I am sure that also in your country there are companies like pwc who give consulting for businesses and guide for the tax system and I am sure they would know and help you in every step of it in a perfect way.

[Nhor1011]

   If you have such wealth,a millions and you want to encash it,i think you should do it little by little. But if ever you cash out your million,the government will find a way and do invistagation about your wealth. So,maybe much better if you follow the regulation of your country even if it is corrup,then pay the tax they need and then you can transact easily without fear and doubt. Or if you want share your blessings to others or you can ask some of your trusted friends,families and relatives to help you,send them any amount so,they will encash it in behalf of you.

[zhea]

I will surely invest my new found wealth, save and help other people specially to the poor. I know theres always a purpose in everything we have in life so we need to share and influence other lives in order to make it better also. Spend wisely and put up a business so that theres a return on investment afterwards. Need to work harder so that what you have will not just disappear like a bubble and look for some means that the money you have will grow and become profitable in the future.

[hermae]

I will surely invest my new found wealth, save and help other people specially to the poor. I know theres always a purpose in everything we have in life so we need to share and influence other lives in order to make it better also. Spend wisely and put up a business so that theres a return on investment afterwards. Need to work harder so that what you have will not just disappear like a bubble and look for some means that the money you have will grow and become profitable in the future.

I will surely invest my wealth in a fastfood chain. In my country, fastfood is very popular and has become a daily food for everyone because it's convenient and fast. I think I don't have to worry about if my investment gains profit or not, as long as I invest in a fastfood chain that is popular like Mc Donald's or Jollibee. In that way, I am sure that I will not lose my new found wealth in just a blink of an eye.

[bechay20]

Our new found wealth should be kept as a confidential matter, since there is a big possibility that as soon as our government knows about it, they might ban it or they might put taxes on it. So, we have to keep it as a secret.

[Wintersoldier]

I'm currently investigating how to stay under the radar with regards to the profits made from crypto.

So, let's say we made millions, how do you get some of the money back to fiat,but without making waves with the government.

Added, I stay in a corrupt country where large scale government corruption is the norm.

Any help will be appreciated.

PS: Is the idea of crypto not to be anonymous.

Depends on where you are, but generally it would be easy if you just converted your crypto to cold cash with face to face meetings. It would be hard if you need to transfer it to banks and it triggers some sort of AML or call to your government about it. Just stay under the radar through untraceable methods like cash. But to be honest, you should really consider doing it legitimately since it could cause you a lot of problems in the future anyway especially if it would amount to millions.

If you earn millions on bitcoin, and wanted to re-invest it on something else, like house, car , or to some other potential property, you will really have to convert it to cash first, since the purchasing coverage of bitcoin is still limited in some countries, get ready also in paying taxes and fees for that to avoid possible tax evasion cases. You have to be wise on every move that you are going to make for your own security reason. Just be fair and do the right thing.

[pisston]

I will surely invest my new found wealth, save and help other people specially to the poor. I know theres always a purpose in everything we have in life so we need to share and influence other lives in order to make it better also. Spend wisely and put up a business so that theres a return on investment afterwards. Need to work harder so that what you have will not just disappear like a bubble and look for some means that the money you have will grow and become profitable in the future.

new users today consider that the price of Bitcoin is a huge soap bubble that can smile at any time. Although we have not yet reached the maximum replacement rate for Bitcoin, so today there is a sense of investment.

[cryptbit.man]

Well first of all blockchain technology cannot be truly anonymous by definition. Secondly if you are planning to convert millions all at once I doubt you will be able to do that all in one country and under the radar.

[target]

I en-cashed 12K USD in my country which is pretty much a huge money. The bitcoin company asked about where I got my funds and hold it until I provide details about myself from drivers license and passport. I have no choice but to but they advice me not to withdraw all at once they were suggesting to withdraw it by a hundred thousand.  I guess I've be flagged if I withdraw more than 500K PHP.

Its always in my mind to buy a farm for myself and farm some lemons and corn as my father was a farmer.

[nakamura12]

Well if you made millions and wanna sneak it ... Without notice of any government official..then I would recommend i split it in parts... Send it to trustable people..and remember this the .. problem only arrises when you go forward to encash it !
Thus.. send it to trustable people and... Encash the amount that for government isn't taxable..

And do this over a period..of...time and I don't think there will be any problems with this..

Because encashing is the whole trouble nothing else...

I would do it like mention above to split it but i would cash out small portions to another account. Use the account of your family like your sister or brother so they won't notice you had billions of money. I would not cash out billions as they may suspect that you earn your money without government behind your work. As i said don't withdraw too much money. Keep it for yourself and your family in order to cash out your billions of money. Hope it helps.

[JC btc]

Well if you made millions and wanna sneak it ... Without notice of any government official..then I would recommend i split it in parts... Send it to trustable people..and remember this the .. problem only arrises when you go forward to encash it !
Thus.. send it to trustable people and... Encash the amount that for government isn't taxable..

And do this over a period..of...time and I don't think there will be any problems with this..

Because encashing is the whole trouble nothing else...

I would do it like mention above to split it but i would cash out small portions to another account. Use the account of your family like your sister or brother so they won't notice you had billions of money. I would not cash out billions as they may suspect that you earn your money without government behind your work. As i said don't withdraw too much money. Keep it for yourself and your family in order to cash out your billions of money. Hope it helps.

As of now, I am sharing what I do have right now, although I don't have much money to save for as long as I do have money to share to my love ones or to those who deserve to bless is much important to me than being the wealthiest people but my heart is not satisfied. So, I am just giving back what I have received when I have nothing, and just sharing what I have now even for a little at least I am satisfied.

[Freddie Aguiluz]

I'm currently investigating how to stay under the radar with regards to the profits made from crypto.

So, let's say we made millions, how do you get some of the money back to fiat,but without making waves with the government.

Added, I stay in a corrupt country where large scale government corruption is the norm.

Any help will be appreciated.

PS: Is the idea of crypto not to be anonymous.

Better to invest and save at the same time, let your money work for you and not you work for the money. And whilw you do this, don't stop bitcoin

[shezu007]

Starting at now, I am sharing what I do have at the present time, despite the fact that I don't have much cash to put something aside for whatever length of time that I do have cash to share to my affection ones or to the individuals who should favor is much imperative to me than being the wealthiest individuals yet my heart isn't fulfilled. Along these lines, I am simply giving back what I have gotten when I have nothing, and simply sharing what I have now notwithstanding for a little at any rate I am fulfilled.

[jpaul]

Have you heard of LocalBitcoins? Find someone with nice reviews on it and exchange your bitcoins for cash. Boom! Now no one has a way of detecting that Mr. X has Y amount of money. Just try to not make big purchases with your new money as thats the only thing that will put you on the radar.