What to do with our new found wealth???

[TERA2]

None of the bitcoiners are going to sympathize with you. If you sold your Fing coins you deserve to pay taxes. Now, evading your taxes is not a good idea. If those coins ever touched an exchange in your name or are somehow tied to a fiat transfer that you did in or out then the jig is up. So just think of it as a charitable donation where you are doing your part to society, in case you were considering donating to charity.

My plan is to pay my taxes and keep a semi modest lifestyle so i simply am not obligated to work for the next 20 years.

[1714869118]

1714869118

[1714869118]

1714869118

[1714869118]

1714869118

[1714869118]

1714869118

[maculeth]

we can use it for even bigger investments. if we immediately spend it, it will only be wasted. we take advantage of the moments where we get great capital and we start to invest even more.

[Rrtt]

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.

Maybe you can start your own business. Some will be use for investments. Buy house and lot then have it rented. Just stay in a low profile and dont be boastful so that others will not be jealous. Help the needy and for social responsibity help finance out of  school youth.

[Rrtt]

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.

Maybe you can start your own business. Some will be use for investments. Buy house and lot then have it rented. Just stay in a low profile and dont be boastful so that others will not be jealous. Help the needy and for social responsibility help finance out of  school youth.

[rickadone]

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...

This is a good idea to keep it away from the corrupt officials. My friend has doing this to convert his crypto into a fiat, he uses his circle of trusted friends as a dummy accounts and send to them his millions worth of profits and now he has build his own house and having a livelihood business. There's a way if you have money.

I hope one day he will not end up being nabbed for this. Although stuffs like this can easily be dome where there is no strict law and everything easily goes without much monitoring.

Try it in places where everything is highly monitored, then your friends may also have to explain how the strange amount hit their account as well as you. In such places, I would just implore payment of tax and then diversifying into several businesses offline while not forgetting where you started from, the crypto world in the long run.

[Ewinsane]

Why the rush in taking all in one go though?
It is risky not only because it is illegal but also how assured are you that no one will steal it?
I would go for investing on multiple real estates, properties and assets just enough that the government would not notice.
Or just fairly pay taxes. You would be benefitted from it too as well as your people and especially the needy.

Probably maybe because I have been a huge fan of real estate investments, I feel that is a very good option. At least, with the newly found wealth, you can just pretty much diversify into a lucrative investment and that would keep bringing in more as you keep investing over time in cryptocurrency.

It takes slight opportunity in hitting that wealthy man spot and if you are smart, series of investments should always come to mind first.

[Bitcoinjheta]

Why the rush in taking all in one go though?
It is risky not only because it is illegal but also how assured are you that no one will steal it?
I would go for investing on multiple real estates, properties and assets just enough that the government would not notice.
Or just fairly pay taxes. You would be benefitted from it too as well as your people and especially the needy.

Probably maybe because I have been a huge fan of real estate investments, I feel that is a very good option. At least, with the newly found wealth, you can just pretty much diversify into a lucrative investment and that would keep bringing in more as you keep investing over time in cryptocurrency.

It takes slight opportunity in hitting that wealthy man spot and if you are smart, series of investments should always come to mind first.

Yes, agree it's really a good option to invest in real estate so that the government would not pretty much notified by your hidden wealth if we can earn that millions this year. So i just hope that the government in my country is not corrupt government official and just be favorable in the sake of his people.

[terrific]

You will earn millions of bucks and you want to evade the government with your hidden wealth?
Sometimes when you had enough too much money, it is leading to you become greedy and wants to violate some policies.
Regardless of the country you live, corrupt or not the decision will still depend on your hand.
Just declare that you made millions with crypto and start another business through that money.

[torch2121]

Well what I want is to stay low profile. I will re-strategise to keep a low profile, be careful in withdrawing. Check what is the maximum amount of money to be withdrawn to be not detected. Because this what I want from the start, low profile on my new found wealth. Then add a investment to stay on low profile.

[DesmondHayes]

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.

Hm, that is very hard to achieve. I would recommend you to be very careful with your intentions. Each country has their own regulations concerning the cryptocurrencies. Some are more strict and in other, you can bypass the taxes without suspicion.

Taxes will come to you one way or another!

If you really want to exploit the means of the retrieving the crypto assets to your financial account try only to withdraw small sums of money but actually the best way would be Bitcoin ATMs.

[cluit]

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.

Lol. People are really getting to find a way to stay off the radar, but the truth is that for countries with some strict policies on cash, that may be a hard thing to do. And I imagine how low he will have to be exchanging all the time to be able to stay off the radar since the newly found wealth anyway was meant to help cater for some big things or possibly to pursue some of the things that one would have loved to get.

That is always going to be the perfect choice. At least with that, you will always have different places to place as the source of your wealth if you do not want the government to have too much eye on your crypto life and with that you can also spread the risk and keep making more money.

The essence is to always allow what you have to work for you rather than just keeping it as that would give birth to more as you keep having established investments.

[UzumakiSakuragi]

if you are earning money and you want to arrange some plan for this then i will suggest you to invest this money in crypto in some good coins then you can make this money profitable by earning more money and through this way in last you will become a great investors with a huge money. Never store your money in cash this will not good decision.

Well if I will be given a chance iwill do the same.i will continue investing in Bitcoin.a way of helping and promoting bitcoint to grow and give other a chance to earn  as well..

[munir15]

Saved it for the future of your family.. or invest it in a business or buy a vacant lot , because it will have a higher value someday if you sell it..

[Gladz29]

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.

I just keep my new wealth, and wait the right time and I spend it. I just invest new house, cars so my life became stable. And I also share my knowledge about what I earn today. Sharing is good to everybody. More sharing more blessings you have.

[Bitlord88]

When the bitcoin goes sky rocket high, then its time to cash out those coins. Either spend it for insurance of your loved ones or use it so start of your passion business. You could also keep it for emergency money. What's important here is to not spend it in gambling or waste it.

[Aleth]

I think, much better to divide your wealth and invest some to different areas, split your savings ang keep it in different banks most specially donate to the charities and the poor for it is a blessing from the Lord, God gave you wealth to bless the needy because you were once a needy.

[Zeque02]

When the bitcoin goes sky rocket high, then its time to cash out those coins. Either spend it for insurance of your loved ones or use it so start of your passion business. You could also keep it for emergency money. What's important here is to not spend it in gambling or waste it.

Simple, use it wisely. Only important thing or the most needed thing you should buy to,because money easily disappears.  In my part, I will buy it house and lot and create a small business which can help my daily needs, and also I will continue to invest bitcoin again and again.

[Tigorss]

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.

which you do first can set aside a little profit for you to do business crypto again, so that future can get bigger profit if price rise, secondly you can fulfill your own needs first like lifestyle or home requirement, after that last you can share to the more you need your business will always make a profit, you do not worry about the government because the crypto business is not tied to anything, so the government can not do anything when you get a big profit

[tayogpanganiban]

If ever i have made a millions in crypto and i want to encash it then,i will do it little by little or maybe encash weekly to avoid conflict in the government.And probably transfer some of my money to my family and donate to charity or give help to the poor people. I want to share what ive'd got to bitcoin.

[Triyavam]

It takes a good time to achieve the same thing, because you need to limit in the withdrawal if you want to remain anonymous,
There are banks that will be very happy with you, if they see a sudden spike in the money you enter and exit.