Tips for cashing out

In case anyone wants to cash out some of his LINK gains (which I do not recommend) and doesn't want to get screwed like this retard (), here are a few tips I heard from quite a few wealthy people I know:

1. NEVER fucking NEVER cash out everything at once into your everyday poorfag account. Every bank will freeze it and you might have a lot of stuff to explain before ever seeing that money. Go to a decent bank before you cash out, tell them you made some money in crypto and always set up a new account for this case. Also see a tax consultant depending on where you live and keep all important trades you ever made on paper, or at least have some decent story where the money came from in case an exchange went down. You really do not want to fuck with your countries tax office and are better off paying a few bucks extra for a consultant.
2. Actually,. try to set up several bank accounts where you cash out smaller summs. Like 100k-250k into 4-10 accounts from different banks instead of 1M into one. You decrease the risk of you bank jewing you and losing everything if they go broke. Also, if you ever want to tell your wife/family about the money you made (which is usually a bad idea), you can start by telling them about only one account you cashed out some money into and keep the others secret.
3. Get at least one account abroad depending on your countries laws. Usually, no one can forbid you having an account in Switzerland or something like that, as long as the money is taxed in your home country. Also lowers the risk of you getting fucked by a local crisis.

Feel free to add something in case I'm wrong somewhere

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Just move to Portugal.

BUY GOLD

Why would you cash out everything at once, even in different accounts? Why not just 5% every month or so?

because your gains go from 100x to 50x to 20x to 10x to 5x as you cash out and the peak passes for your crypto

im going to in 2021, no joke. so explain to me the benefits. for real.

Because this is crypto and shit can drop 90% in a matter of weeks

You can't buy a car with gold

you probably could quite easily

What if you buy USDC/USDT/any other stablecoin?

I assume none of you hold link then, this isn't fuckin doge coin or tron if link succeeds it will keep going higher. Also selling out in parcels is the right way to do it. You aren't going to pick the top

even they can pump and dump.

That is the big brained move though IMO

Cash out to stable coin (or 2 or 3 stable coins) and then cash out for real over a couple of months.

Problem with this is that you get fucked over with fees from coinbase for doing so. The less you cash out , the more you pay to coinbase. The fees and tax add up and you'll end up with like 30% of your crypto gains gone.

Also Coinbase actually lets you deposit in to a euro/usd bank account on their site so a stablecoin may not be needed.

Also anyody else have another cash out service that is just as reliable as coinbase with less jewish fees?

Very easily actually. Just find a dealer that's not retarded

>what is legal tender

Why the fuck do they make it so difficult for us to get our gains?

I actually bookmarked that previous thread, thanks.

You think kikes and the fucking (((central banking systems))) will let a couple of autists be rich with internet tokens? Fuck the US govt too.

they don't, this board is just full of retards that try to beat the IRS and not warn their bank that they're going to deposit over $10k... your account can get frozen from fucking traveling. banks are stupid

Bruh. Coinbase Pro.

Only retarded newfags use normiebase.

have been meaning to sign up for years

Will do it now

>Coinbase Pro
still can't escape the irs and jewry of your local bank through this.
or can you?

This is what stablecoins are for. Fuck tether, but USDC is audited and coinbase swaps it for dollars for no additional fees

This, who the fuck doesn't use coinbase pro? I assume whenever someone says coinbase that they're using the pro version. There's no reason not to.

Okay but that's true no matter what way you cash out to fiat unless you do some risky shady shit on localbitcoins or put on a disguise and use a bitcoin ATM that rapes you in fees and would cost more than just paying your taxes anyway.

How do you get around paying taxes on every trade due to it being realized gains and thus a taxable event?

Regular kikebase is good for if you’re trying to buy crypto ASAP. You have to wait (((3-5 business days))) if transferring USD to Pro.

that issue only matters for the very beginning. Whenever I spend a grand or two on crypto on CBP I do an ACH transfer from my bank to replenish the fiat supply on my account. That way I always have at least a bit extra to play with if I want to buy a quick dip or whatever.

Hypothetically can one start an LLC in another state with no capital gains tax, open a trading account with a normie brokerage house, open a business account with coinbase custody, transfer your tokens to coinbase and then have funds transferred directly into your normie brokerage account where you buy etfs etc.? At that point one could hypothetically pay oneself from the interest and pay taxes on that alone, or am I crazy?

Structuring crypto funds is extremely easy. Built in plausible deniability. Just say you sold parts off at specific goal prices in small quantities to avoid slippage.

Lmao I empty every penny I don't need into CBP every paycheck, then usdc it to metamask, then flavor of the week 10x shitcoin.

Working out surprisingly well so far.

When is it worth it to swing trade? IE paying the capital gains tax versus just holding during the dip