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Author Topic: What to do with our new found wealth???  (Read 3277 times)
Lomberjack
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April 28, 2018, 08:24:39 PM
 #281

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.
Here in our country, it has never been an issue converting our crypto money into fiat because even we do it occasionally, or even daily, our government and banks do not evenly put tax on our transactions since it was fully funded tax free for the unknown reason but it is true because ever since I have been into exchanging my Bitcoin into fiat, in any partnership banks of my virtual wallet, zero fee is deducted from the transaction I have been doing and fully cashed out it for my own goods. In fact, they fully support crypto exchanging just like normal.
Kizaki
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April 28, 2018, 09:15:38 PM
 #282

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 best way is to withdraw in small chunks. I have a lot of friends in crypto who were able to withdraw all the money they've earned in crypto and was able to spend it to buy a house or even start a business without raising suspicion from the government. Take note, they are jobless and doing full time crypto and some are minors. So, if ever the government will notice their wealth it will surely raise suspicion and might things it's from illegal transactions.

 
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wewe123
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April 29, 2018, 12:13:03 AM
 #283

We will hold this new found wealth and at the same time we will grow this wealth so that it will not vanish, If you have this wealth try to invest it so that it will grow more and will gain more , You can use this wealth but spend this wealth wisely  so conserve this wealth and grow more.

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marukochanx3
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April 29, 2018, 12:49:24 AM
 #284

You are the same as me because our government is also a lot of corruption, but in terms of changing my bitcoin to fiat bank does not get my own taxes also do not know why, but if I buy goods or daily shopping would get taxes. What I fear happens suddenly is the authorities suspect the existence of illegal funds in my wallet.
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May 02, 2018, 06:14:00 AM
 #285

Base of my experience, all you have to do is to find someone to trust with because a lot of money is involved in your talk. So it's a face to face meeting you sell it. To no hassle withdraw from banks. You also sell it with a discount so you can easily find a buyer of your million Bitcoins value. It is hard now that our governments are especially greedy. We're sure they'll make the case and take our money.
rysheeer
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May 05, 2018, 01:50:45 PM
 #286

God gave us wealth for a reason. If you have that "much" of a wealth, you should invest it to bitcoin so it will grow. Then, save for your health because health is wealth and don't forget to share it to others. Smiley
Marrionbitcoin
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May 05, 2018, 02:39:42 PM
 #287

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.

In my opinion, we should share our experiences to other so that they will experience it as well most specially when it comes to income in trading.
We also need to share awareness to other people to that they will know what are tye benefits of having Bitcoin as part of our daily lives.
Potatohead
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May 05, 2018, 02:52:40 PM
 #288

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.

Convert your earnings through crypto little by little to avoid suspicion from the government. Here in our country it is also difficult to get all your income from crypto because the bank or even our local exchange can lock up your account if they see a huge amount of transaction. So, it is better to withdraw your money in a small chunk.
ironman2014
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May 05, 2018, 02:54:39 PM
 #289

It is hillarious to hear, being a person who earned $100 in whole crypto carrier from a beginning, just waiting my profits.

Bugsbey
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May 12, 2018, 09:24:33 AM
 #290

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.
If given the chance to gain a very big profit, I am going to invest part of it again. Some will be save for the future and some will be shared to others who are really in need. Or if it is so big to build a charity home, I will.
Bagaji
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May 12, 2018, 09:37:01 AM
 #291

Well, I will not recommend any form of way out for I always advice everyone to pay his or her tax to the government of his/her country and in doing that government will have enough money to provide more social amenities for her citizenry. Trying to deviate from paying tax from your crypto currency earning which is a taxable income in your country is an offence against the law of your country, so is better you pay your tax to avoid trouble.
blockman
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May 12, 2018, 09:44:13 AM
 #292

Sell it not as a whole, sell it a little by little so that you won't be charged by government. Here in my country the maximum equivalent and amount that you can sell for a day is around $8,000 but if you will comply and provide some identification and other papers, it can grow more than $25,000.

I have many plans to do if I've got a lot of it but the sad part is I only hold few of it.
Hopeful2017
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May 12, 2018, 10:04:27 AM
 #293

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 would suggest you make some staggard conversion of your coins into fiat cash. Make it in monthly bases so that your government will not question your transactions. Better look for local apps in which you can store ypur coins.

Melvin Narag
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May 12, 2018, 10:11:53 AM
 #294

I am having though about your location since we are located in a corrupted country as well, but due to people accuse of money laundering and related cases about withdrawal of money without a source of income or work now own business, try to withdraw a safe amount monthly so you can avoid this cases as well, or just give tip to the teller so he or she will not make any notice or report to his or her boss
Lagrood
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May 12, 2018, 10:31:54 AM
 #295

You really can choose any developing country and solve your tasks without government control because there are so troubles in tasks in such countries so they do not pay attention on high tech but you should understand risks and a way of money legalization
1C6fV5DtakfKANLJ8GUV7hCaA
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May 12, 2018, 04:50:48 PM
 #296

Split it in parts. Man just hire people to do it for you. Oh, make sure you trust them and you know totally for sure that they wouldn't mess you up.

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Lubang Bawah
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May 12, 2018, 05:58:30 PM
 #297


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.
Everyone deserves to be rich and abandon poverty, should all countries support that idea, cryptocurrency embraces decentralization so it looks fair and balanced, and I think to be rich with crypto is surely the hope of all users.



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BitProCoin
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May 12, 2018, 06:08:00 PM
 #298

It'll just be easy to withdraw it in parts unless if your government has regulated bitcoin and cryptocurrencies for you will surely got noticed when you do the withdrawal transaction.
mimienamphine
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May 12, 2018, 10:04:14 PM
 #299

Well new found wealth can be a good feeling but what you do with the wealth is the most important thing here.There are some people who will use such wealth to spend in clubbing and other things that will not add more value to what they do.The most important way to handle such wealth is to find a very good business and invest wisely with such wealth that will go from generation to generation.Crypto is an example of good investment for the future.

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May 23, 2018, 03:31:49 AM
 #300

First, we should preserve our assets well in advance of hacker attacks. With each new person's assets, we should save some. For the rest, we can turn to cash and invest in something that can be profitable, such as real estate. The rest, we can reinvest in the Cryptocurrency market with an expectation that our investment is highly profitable.
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