Thread 60619818

Im at a point where im too afraid to even cash out my crypto gains

I have this fear that the government will find some reason to freeze all bank accounts if i ever deposit large amounts in there

But even if they dont do it straight away, lets say I cash out just fine, and I buy a McMansion, a few nice cars, some land, and some investment property, that one day I'll get a call from the gov saying they want to check to see the crypto was all legit, and then they'll freeze and take all those assets I bought and then basically fuck me over and claim they dont think its legit

Basically.... im too paranoid to even cash out now for these reasons. My biggest fear is asset confiscation because I got crypto-rich and for some reason they want to fuck me over and claim some bullshit about it not being legit

I guess then, how can I "normiefy" my crypto portfolio?

Like do I use the funds to start up a normie online business that the government can "understand"

Ive made all my gains flipping altcoins & shitcoins over the years, and its at a point where its legitimate retirement money for me and for my kids and future grandkids.

>>60619818 (OP)
just buy your mcmansion directly with btc

>>60619818 (OP)
by now you should have a clear understanding of your gubmnits laws and regulations and how banking works
me as a eurocuck it was over before it began, you basically can't trade or do anything in cyrypto without insane road blocks and retarded shit
plus I alreayd missed the train long ago, before they evne had tax regulations or anything regarding it too
if I made it offa crypto I would just leave my country and cash out somewhere where I would not get cucked, simple as
if there even was the slightest chance of getting fucked

>>60619818 (OP)
why would you ever cash out?
you must become a diogenes billionaire
homeless, filthy, but spiritually wealthy

>>60619818 (OP)
Stop smoking weed

>>60619849
I understand all the laws mate. The problem is in this clown world they can decide to claim your shit is not legitimate just "because"

I have 10,000's of trades over the course of 9 years, I dont have records of any of that shit.

>>60619859
You understand all the laws yet you're asking some strangers on the internet what to do

>>60619875
Nah im just discussing shit.

The law is really only "simple" in this case if you do something like buy bitcoin and then sell bitcoin at a later date for profit and its a simple recorded tx

When you trade 10,000s of times over the course of years in 1000's of different shitcoins it becomes weird and somewhat "problematic" for trying to prove this is legit.

>>60619859
>The problem is in this clown world they can decide to claim your shit is not legitimate just "because"
so since their law is so fluid I would just leave the country and tax out in a tax/crypto haven
why risk it?
the downside of a little bit of hassle of having to deal with all this shit for a life time of upside? I would do it

>>60619883
>When you trade 10,000s of times over the course of years in 1000's of different shitcoins it becomes weird
my country claims a shit ton of people declare their crypto wrong and every trade between every coin has to be declared also
in short, the gubmnit want taxes on all your shit, but if you trade with it or transfer money your banks will be frozen and stuff like this
the golden peak was making it shit tons of years ago, cashing out tax free and just forgetting about the garbage
if you make it now? flee the country and go somehwere else
atleast here
from my understanding
I literally not into any of this

>>60619835
You're thinking too hard. I've moved, bought, and sold 6 figures worth in one go without any issues in the past. The only time I've ever had my bank account frozen was unrelated to crypto and they reversed that action hours after I reported them to the CFPB.
If you wanna be extra cafeful, you can try using "crypto-friendly" banks like Fidelity or Chase.

>>60619859
>I have 10,000's of trades over the course of 9 years, I dont have records of any of that shit.
Bro your taxes?

>>60619859
What do you mean you dont have any records? Presumably you made those trades on exchanges, correct? They keep records for you dude. You just have to not be so retarded and look.

>>60619818 (OP)
>made a fortune gambling shitcoins
>doesn't understand basic bookkeeping

You make a pretty strong case for why the government should take you gains.

Book an appointment with a few bank and private advisors and find out the most efficient to cash out legally in your instance.
Pay your tax and buy your mcmansion and private property with one less supercar and be happy that you made generational wealth out of thin air without a clue you greedy man

>>60619849
Literally zero issues cashing out simply with regular invstment gains tax in half EU countries and then you can already move your euros around with no obstacles

>>60619859
aren't all trades traceable?

>>60619948
On exchanges it was all without kyc

Most of the trades (98%+) is with dex’s

I really don’t like exchanges

>>60619818 (OP)
you dont need to cash out all. keep 90% of your wealth in btc and take some cash when you need it. govt cannot take your btc

>>60619818 (OP)
if you are rich just keep 50% in crypto, why do you need everything in your bank account? You want to blow 100% of your portfolio on a mcmansion? that's stupid AF dude

>>60619835
What you're describing is called "money laundering" and will definitely get you thrown in jail. Flipping shitcoins is perfectly acceptable as long as you can document every trade you have ever made.

>>60620063
>Most of the trades (98%+) is with dex’s
You should be able to get all your transactions from a blockchain explorer...

>>60620351
>Monero is the best choice for money laundering because of private transactions. Hypothetically speaking.