They still track transfers like that
Official BGOL Crypto Currency Thread ★★★★★
- Thread starter Matt Beesy
- Start date
They still track transfers like that
It's not about that it's about moving the money into your account then you can do your own taxes etc
Putting more in they'll freeze your account and investigate etc etc and taxes will be the least of your worries frozen money will be
Ok so this question was gonna be asked eventually. How do you go about taking some cash out in putting it into your pocket?
I know you convert XRP to BTC. Then what send to coinbase, sell then deposit it into PayPal or bank account? Is there anyway to eliminate so many middlemen? Those fees add up.
Daily
Send Btc to your coinbase and then transfer the Btc straight into your PayPal instantaneously or into your bank account in a few a days
i think you have the same sites as me
you don't do any of that
you withdraw it to your bank account directly lol
that option is on kraken gatehub bitstamp as well
just right out to your bank...
you just need coinbase to put money IN
nah man now is the time to get tier 3 verified and stuff on these places so you can attach your bank account
ALSO
when coinbase adopts ripple you can just send to coinbase and into your bank account from there.
so you're saying doing less can keep us off the radar? will they have questions eventually?
I do need to really research Kraken their UI is kinda boring but they are probably the most reliable. Gatehub is probably just gonna be my online ripple wallet until I get a ledger. I haven't checked yet but they STILL haven't posted the BTC I sent from polo. Y'all swear by bitstamp but they take forever to verify.
Clearly these exchanges are understaffed.
What will there be to stop Cryptocurrency from being the next Wall Street??
This shit is crazy. A few months ago I thought it was way premature to be talking taxes and thought we wouldn't see a dollar until 2022. I remember just a few months ago we were overjoyed at it hitting one penny.Now this shit is touching 40 cents and we might hit a dollar next month.I initially invested off the strength that it was cheap,the experience of missing out on Bitcoin back when Malachi told us about it,and the news presented on here. Words cannot explain how great this thread has been for me. Not only the money, but the experience of making money this fast has me totally rethinking the common notion of working for money and getting paid hourly.Most people work 40 Hrs a week. Just putting 5 solid hours a week into looking for opportunities can leverage your time into making more money.Even if I got millions from this, my eyes are open for more opportunities like creating an exchange to compete with our current options,Creating a competitor to Coinbase, XRP ATM machines, or being a wealth manager that deals with Cryptocurrency. I live in the Bay Area where we had the Dotcom and currently in a Tech boom where people because millionaires within months by being involved in emerging economies. Pretty much all of them being White,Asian, or Indian. It is refreshing being around my own people and watching us get this money and communicate openly as Bruthas and Sistas do.
it might be different now because of the influx man but i did all of this in january when nobody gave a fuck so that's why it was easier for me
Personally I don't wanna take out large sums of anything at once on any platform.
Your second point is valid tho
I haven't figured out how I'm going to do it.
But again I'm only selling off %'s while still maintaining significant holdings.
Don't think that's totally true....
They have informed the Banks to have an eye and an ear for transfers coming from exchange sites
5k or more gets you at least questioned
You might be better off moving it to a BTC wallet and cashing out in another Country, BTC ATM or
if you want just paying taxes on it....
Wolves is Coming....they WANT their cut
You can't pump on the block without paying a fee
https://www.forbes.com/sites/robert...-users-in-coinbase-summons-case/#206d2db8a5f5
we don't need to sell it first?
Yea I'm not trying to hide from the tax man that's not my object in all of this
I'm good paying my taxes I'm just going to pay them immediately and then go from there so that's not where I'm coming from as far as trying to circumvent the law. Now I will use some loopholes feel me but I'm not trying to just skip it altogether.
Most definitely treating Ripple like a bad bih. Pulling out going be real difficult
So it might be more low key to use PayPal as the middle man?
And these sites have our SS# so it's not like we can hide
j/k 
I thought you couldn't withdraw money from BTC Atm? Just deposits only
which is why ripple will win.
No, there are some that will let you withdraw.
Tezos is coming
https://www.forbes.com/sites/lauras...et-cap-of-all-cryptocurrencies/?s=CuttingEdge
. Tezos is about to launch.
Okay, so this last one might not have pushed bitcoin below the 50% threshold, but it is likely to help keep it below that threshold. Tezos may be one of the most anticipated ICOs, about to launch in June and stay open for two weeks. The code is written in OCaml, a language that has the ability to formally verify smart contracts to ensure that they execute as the creators intended them to. Tezos is also generating excitement because the software has, built into it, a mechanism for resolving issues such as the scaling debate in bitcoin. Therefore, even if bitcoin exceeds 50% market share for now, it will likely again fall under that threshold once the Tezos ICO begins.
https://www.forbes.com/sites/lauras...et-cap-of-all-cryptocurrencies/?s=CuttingEdge
. Tezos is about to launch.
Okay, so this last one might not have pushed bitcoin below the 50% threshold, but it is likely to help keep it below that threshold. Tezos may be one of the most anticipated ICOs, about to launch in June and stay open for two weeks. The code is written in OCaml, a language that has the ability to formally verify smart contracts to ensure that they execute as the creators intended them to. Tezos is also generating excitement because the software has, built into it, a mechanism for resolving issues such as the scaling debate in bitcoin. Therefore, even if bitcoin exceeds 50% market share for now, it will likely again fall under that threshold once the Tezos ICO begins.
good looks ill throw a little change that way
Yeah I think you're right.
You can also sell (for cash) BTC to someone who wants them at a lower rate (which is illegal)
Any website where you used your ID and SS#, Sammy will be in the know. I'm pretty sure these sites we signed up with and are doing trading with are/will be sending info to Uncle Sam.
There really isn't anyway for most of us to hide from him.
With that orange troll around it might not be so bad since we all are probably gonna end up in a high tax bracket
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