Hypothetically let's say I did put in $10k on a coin that did a 1000x and now I have 10 million.
How do I go about cashing that out? Is it ok to keep it in my bank account while I decide what to do with it? Or should I keep it as USDC in my Coinbase?

Thailand.

>>60591329
I would go on a trip there. But I'm asking where the hell should I keep the money

>>60591313 (OP)
>he thinks you can cash out from the jewish cartel

should we tell him bros?

>>60591313 (OP)
On a serious note tho, what do you mean cash out? As in getting physical bank notes? Why would you want that? Most things are bought through the bank anyway.

>>60591313 (OP)
Notify your bank so they don’t seize the funds and get a tax expert so you don’t get audited and thrown in jail.

I believe so long as you treat the entire 10 million as profit that you cash out and pay taxes on that you are good.

>>60591468
Ok. So I should call up my bank and let them know I'm about to put in a few million I got from crypto?
To turn my coin into USDC I don't need anyone's permission or to notify them, right?

>>60591491
>>60591313 (OP)
>Hypothetically

>>60591313 (OP)
I would keep most of it in USDC and maybe on something like aave or uni earning passive yield. The rest yeah I’d probably notify my faggot bank and cashout through Coinbase and pay all taxes.

>>60591497
Look I don't want to say what coin it was because tranny jannies will ban me for "advertisin", plus it's already at 1B so name dropping the coin isn't going to be anything special for you since /biz/tards refuse to buy anything over 10k marketcap

>>60591313 (OP)
If you indeed did that what I would do personally is keep the vast majority of my funds still in crypto and scatter it in a few different places. I would create 5 wallets and put 4 seed phrases in different secure locations. A bank vault, in a safe under my house, buried in some property somewhere on a cheap 10k strip of land in the desert, etc.

The other one I would try to cash out and do what other anons suggested: visit the bank ahead of time and tell them you plan on cashing out 2m in crypto. Pay taxes on that 2m in advanced so you don't have to worry about it later when it hits your bank. Ideally however you would have most of your money reinvested, I'd just wait for BTC to bottom out in two years and put 8m into that and neet off the rest until you're worth 50m

>>60591491
sounds like you need a financial advisor

>>60591534
You can pay taxes in advance? Before the year is over? How?

>>60591548
This. If you dont know what to do, hire someone that does.

>>60591548
>>60591586
How do I find a good financial advisor

>>60591594
Just look for one with good reviews in your area or ask friends/family/coworkers if they know one. You should have a general idea of what you want to do with your money. Ideally you'd put a portion into passive income (certificates/treasury shit) and a portion into things that hedge against inflation (stocks/btc/precious metals/real estate).

>>60591534
Why would you think Bitcoin is going back up? It's outdated and banks hate it.
>>60591556
Calculate the taxes and put that amount into a 6 month CD. You'll profit while you wait for tax season. But yea, hire a CPA in January and get to work.

>>60591586
I gotta admire how the kikes built a system where when by some miracle a random goy makes some significant-ish gains, instead of being happy he fears being thrown in jail or have everything confiscated. Hire a jewish financial advisor OP and don't forget to tip.

>>60591671
>Why would you think Bitcoin is going back up? It's outdated and banks hate it.
Do you have any idea how many big brain people just like you have said that exact phrase over the last 10 years?

>>60591620
Alright I'll look for one. And what I want to do with it is get to $100k or more post tax yearly passive income
>>60591671
What's a CD
>>60591762
$10 million is chump change, anon. After taxes I'm actually just looking at $5 million, which is barely enough for two and a half houses in a decent neighborhood in a decent city.

>>60591313 (OP)
Swap everything to USDC
Cash out 250k with Coinbase
Buy citizenship in St Kitts
Live there for 1 year+ for tax residency
Cash out entire 10M with Coinbase

>>60591526
Was it a memecoin?

>>60591879
Jesus Christ. Just give your money to Edward Jones if you can't figure that out.

>>60591421
>>60591313 (OP)

Deposit Sweep (look it up).

>>60591313 (OP)
the first thing you do is call a tax attorney you fucking dingus, then find your bank's advisor for further details on what to do
it's probably safer in your bank, and will generate passive income then if you allow them (safely, it's not much but will outdo inflation usually)
>>60591491
get a fucking financial advisor involved, stop asking on /biz/
you don't need anyone's permission to convert crypto, but keep a record of all transactions for tax purposes because that is a huge amount and you can and will be thrown in jail for evading tax on this
>>60591594
ask your bank as a start if you have nowhere to go
you have fuck you money now, congrats you faggot but make sure to not waste it with stupidity

>>60592268
also anon, for tax purposes I recommend koinly (I used them and they did everything nicely for me, but they're not free)
you just link your wallet and exchange if you have one and they auto calculate all transactions and gains
don't get a heart attack when you see how much tax you owe, you still have fuck you money

>>60591879
>$10 million is chump change, anon.
$10M, or about $6-7M after taxes, is enough to permanently retire if you aren't retarded and live humbly

Use AI, only a retard would use a (((financial advisor))) in 2025

>>60592281
>also anon, for tax purposes I recommend koinly
I would recommend a CPA over Koinly, especially if OP did DeFi shit like trade shitcoins. Koinly for more complicated things tends to fuck things up.

>>60592295
>Use AI

AI: Go All-In on Leverage

Use 50–100× margin or perpetual-swap contracts on high-volatility altcoins (e.g. perpetuals for SHIB, DOGE, or meme tokens) so that even a 1–2% adverse move triggers liquidation.

Rinse and repeat whenever you get margined out; redeposit and re-leverage immediately.

Pick Ultra-Thin Markets

Hunt for newly-launched or low-market-cap tokens on decentralized exchanges (DEXs) with minimal liquidity pools.

Trade against your own orders to push price through liquidity gaps, triggering massive slippage.

Skip Security Best Practices

Keep funds on lesser-known centralized exchanges with questionable solvency.

Use hot wallets with no multisig—maybe even share seed phrases “for convenience.”

Avoid Any Risk Controls

Never set stop-loss orders.

Don’t take profits or rebalance; let emotions ride.

Decline any margin-call notifications so positions auto-liquidate.

Embrace Ill-Fated Side-Bets

Throw portions of the stake into random “fair launch” tokens without due diligence.

Buy worthless NFT drops with zero secondary demand.

Lend out coins on untested DeFi protocols offering absurd APYs, then ignore smart-contract audit flags.

Timeframe for Maximum Carnage

Execute everything within days to weeks. The faster you pump in and out, the less time fundamental buyers have to rescue price.

>>60591313 (OP)
First, you wouldn’t want to do it all at once. If you fuck up the transaction or if something happens, you might as well kys. Second, don’t put it all in one place. You don’t need $10m in a bank account. Banks don’t even insure that much anyways so it would be retarded. Spread it out for risk purposes, and also for privacy. Keep some in wallets, cash on hand, in investment accounts, etc. And yes, if you do decide to cash out a large amount to a bank account, let the exchange and bank know ahead of time. It would make the process go much smoother

>>60591313 (OP)
Find someone in your area that exchange usdt for physical USD and viceversa for a fee. Try to change like $1000 , if they scam you , well bad luck, you just lost $1000, but if things go right, find at least 2 of these guys so you can periodically cash out your crypto for real money. It may take a while, but it can be done. Also never speak about anybody about your money, not even family and friends, don't be a complete retard

>>60591468
>notify your bank
sure thing, schlomo
>>60591548
>financial advisor
"oh much you say you've earned in this, what you call it? cryptocurrencies? $10M, oh wow that's a alot, I will help you, just don't talk to anybody about this, ok sweaty? Where do you say you live? a.hitler av 1488? hmm interesting, come here by my office tomorrow and we'll get your money in the bank, trust me I'm an expert in crapto..."
That very same night a group of russian goons will break in into your house and cut all your fingers until you transfer your money to some faggot's address.

>>60591313 (OP)
just put your $10k into https://www.aistocks.money/
then convert tokenized stocks to real stocks and cash out

Step 1 is get it into USD or at least USDC or BTC so you don't lose everything when it crashes 99%
Fnd a big KYC exchange (probably coinbase or kraken) and calculate out the lowest fee way to transfer to a bank or brokerage account (might have do crypto exchange -> bank account -> brokerage). Robinhood works but consider splitting it between a few big boy ones now like IBKR, Charles Schwab, Fidelity, or whatever.
>>60591879
>$100k or more post tax yearly passive income
Look into the FIRE community.
There's a million different way to setup a portfolio for retirement that will pay out 100k+/year passive, but the most basic idea is to buy stocks, withdraw 3-4% every year, reinvest the rest to combat inflation.
There's 3 main camps in terms of how people accomplish this.
1 - Bogleheads. Your biggest boomers. They buy low fee index funds or mutual funds, where the portfolio is split between domestic/international stocks and bonds index, and they enjoy some dividend but also sell some stock to makeup a 3-4% withdraw rate, and the rest is reinvested. This is the safest way but if you're young the bond holdings will likely be a huge drag on your portfolio. Every major brokerage runs their own version of these but they're largely the same. An example of a portfolio might be 18% VTIAX (international stocks) 40% VBTLX (bonds) and 42% VTSAX (domestic stocks).
2 - Dividend investors. They consider cashflow king. They buy shit that pays out 4% in dividends and hold it forever. It's the easiest to think about mentally, stocks pay dividends, you use dividends for your cost of living and the stocks generally go up. But dividends generally mean lower growth, and inflation eats away at your gains when it's not reinveste.
3 - All in stock index 100% ETFs. This is relatively new, but people are finding that holding bonds lowers success rates historically. Even though bonds make holding a portfolio less volatile in downturns, they also lower growth, and holding stocks comes ahead.

>>60591313 (OP)
step 1
>get your money into different wallets
step 2
>memorise the hashphrase's
step 3
>pull out small amount of money (sub 500k)
step 4
contanct your bank about the transaction
step 5
contact your accountant or file your personal tax forms relateing to the transaction
step 6
profit

you will need an atourny to talk you through the paperwork because you will be asked questions like
>do you have any more
>where is it

>>60591594
you dont.

financial adviser's are en mass completly useless

go speak to an accountant a lawyer(several infact) and an atourny

>>60592531
average conversation with financial advisor

>so do you have a breakdown for expenses
yes or no
>well ill work on makeing a rough guide for you
do you have diversified investments
yes or no
well i could talk to some people about getting a rough plan for you


ect ect

ohh your worried about tax
well i cant advise you on tax but i can speak to our tax lawyer

what the fuck am i paying you for this is like adult daycare

>>60592531
ohh pick guys at massive firms aswell

you dont want to talk to the accountant makeing $69k a year before tax about your massive windfall of money when he looks out of his office cubicle every single day and wonders if he should jump because he cant afford to buy his wife a replica dimond bracelet

>>60591534
You're not Jon Wick brother

>>60592305
koinly just generates the data, the CPA is supposed to make sense of it
>>60592444
ignore any fucking retarded schizo that tells you to tax evade
you fucking made it, don't fuck up your life that amount of evaded tax can net you life in jail

>>60591491
I heard that Bahrein does not communicate bank data to tax authorities. At least in the EU. I dunno about the US.

>>60591313 (OP)
coinbase is kiked and will report all gains on your acount to the IRS even if you transfer them. do not put anything on coinbase you dont want kikes to know about

>>60591671
>>60591817

OP here. Thanks for answering guys! Lots of good advice in this thread.
Oh and just so you guys know, I didn't actually make it yet. I just thought I'd get more responses if I framed it as if I had already made it. But my meme coin I'm betting on making it to 1B is at like 1M right now. So I'm far from making it.

>>60591313 (OP)
Send it to me, or buy BTC and invest some in UTK, use your head

>>60596751
Just shut the fuck up and let this retard lose all his money.
If someone playing the market doesnt have future plans if they win big, they're losers.

Youre a massive gullible retard OP. Never buy memecoins dumbfuck.

>>60597828
Hey. If bonkfags and spx6900fags can do it, so can I!
Besides I'm up like 10x right now. Only way I could lose of it definitively goes down to 0 for good, since I got in on day 1

>>60597827
I rather this stupid nigger own bitcoin than wall street kikes with his money.

>>60591313 (OP)
you cash out to like 50 different btc wallets and then you cash out very small amounts periodically using different exchanges and banks

Good thing this is never gonna happen so pondering on it is a waste of time

>>60601695
Everyone is here hoping to make at least $3 million. If not, this board wouldn't exist. So it's always good to ponder.

So do you guys think any of the guys that made it back in 2017 are in jail right now?

Just pay the tax. You're not hard enough to drop everything and start a life in a foreign shithole without coming back. PLTR sees it all and will nab you at their leisure if and when they see fit. Just pay the income tax and enjoy your massive gains.

Go to the bank and at the desk there will be a man in a suit. Talk to him.
He's going to get up and leave and a man with a nicer suit is going to sit down. Talk to him.

report to the irs that u sent 950k to ur friend? then whenever u want more money have ur friend send u a lil chunk rinse and repeat???

what if u send 950k of ur crypto to a friend’s cold wallet and cashout the remaining 500k and pay taxes on it. would u HAVE to report to the irs that u sent 950k to ur friend? then whenever u want more money have ur friend send u a lil chunk rinse and repeat???

>>60600480
do u have to report to the irs that u have 50 cold wallets?

>>60603272
do you have to report to the irs when you fuck your girlfriend?