Let's say we're at the top of the next bubble and we've all made it through and it looks like we might have another crash coming up, so it's time to get out for a while. Now what? Most of us have never been rich before and don't have offshore secret accounts and wouldn't even know how to set one up. Financial advisers won't help us out because we don't have the money in a form they're used to. Getting our funds out of Coinbase will have huge tax implications (US). And it's highly likely cryptos will be universally accepted at that point (I can't just buy a house anywhere, and there's still tax implications).
You got the same problem any "digital nomad" has. There's plenty to be found on banking & countries. It's still very niche but the resources exist.
The other thing is the news of 20-30something guys getting killed trying to trade btc above 100k are stacking up. Maybe you primary fear shouldn't be the taxman.
Xavier Lee
>What are your exit strategies? >implying I'll exit the crypto market I can just short on Bitmex and I'll even triple to quadruple my earnings in no time. Of course I'll cash out a portion of my earnings (50-75%), I'm not stupid.
Jacob Rivera
Bitcoin > XMR > Get on a flight > Get off a flight > XMR > Bitcoin ?
Leo Cooper
and they havent had to deal w monero yet. once word gets out divorce lawyers are going to be out of business and it will become a choice whether or not you want to get fucked over in a divorce as a man (based on whether or not you correctly structure your holdings beforehand)
My dream is going to Puerto Rico, cashing out tax free, buying a savehaven barracuda and island hopping. That would be so amazing. Diving with whales in Dominica, eating conch in Bahamas, doing rich people shit in St Barth’s.
I hope ChainLink makes me $5M and I can do this. I’m a pretty misanthropic person and I think this would be a comfy life.
Adam Collins
BULLISH
Daniel Morales
A baseball bat can still beat the encryption.
Jordan Turner
If you are a US citizen you can't just go to PR and cash out tax-free. You have to live there for something like 5 - 10 years before the no capital gains tax rule applies to assets acquired prior to moving to PR. Taxation is theft and fuck the IRS, but read the rules before you do anything so you don't get fucked, user.
Juan Perry
Good thing I carry a glock for dealing with Tyrone and the government can't use torture.
Dude, smallest offshore cards are like $1k and let you cash out up to 50k With this pocket change youd be able to find the guyz wholl help you unleash ur millions. Dont panic
Jace Anderson
I think if crypto does end up as valuable as most people here think it will the rules as we know them will be shown to be the toilet paper they are.
Jaxon Kelly
Unless he puts a bullet in your head and parties up with his newfound millions.
Isaac Murphy
Have sex
Elijah Miller
Had sex, what now?
Cameron Gomez
>discussing your finance with roasties LMAO
Kevin Murphy
Just make a sell order on localbitcoins for cash? Ezpz Bring a weapon
Caleb Gomez
Get the fuck out, normalfaggot.
Ryder Bennett
Dai doesn't have kyc
Nolan Evans
Suck me
Cameron Parker
>telling your wife about your fake internet money
LMAOOOOOOOOO
Hudson Morris
>Getting our funds out of Coinbase will have huge tax implications (US Huge tax implications?. $0 to $39,375 - 0% tax $39,376 to $434,550 - 15% tax $434,551 or more - 20% tax
Hey shithead, you supposedly went from NOTHING to "millions". Cut 20% off of "millions" and you'll still have more than you ever would be able to accrue in the real world, AND you don't have IRS anxiety
Seriously though if you're getting a divorce what stops you from buying crypto with all your money and then "losing" your keys. Paper wallet only obviously. Any laws against this?
>Seriously though if you're getting a divorce what stops you from buying crypto with all your money and then "losing" your keys. Paper wallet only obviously. Any laws against this? Is your fear of divorce related to the idea that the women is earning much less than you and thus gets a lot of 'your' earnings? Because you're marrying wrong if that's happening. If you marry someone who earns the same, you divide the assets equally which means you break even since you both contributed the same. I don't get the anxiety. If you don't want to get fucked over in a divorce, don't marry an unemployed wench.
Jonathan Clark
I'm an engineer. She works on HR. So my earning potential is 2.5x hers.
Aiden Butler
I am a brainlet. What does pic related mean?
Dylan Ortiz
>potential rofl, you're cute
Jack Walker
Have a second private key for a smaller wallet so you have plausible deniability
Luis Diaz
Don’t LARP, faggot.
Ayden Davis
Wow.
Sebastian Long
Which DEX has decent enough liquidity to stable up in DAI? Lmao, I’ll wait.
I really hope you're trolling, but it obviously means that Bitcoin will become the go-to form of monetary exchange and "cashing out" won't be necessary.
Lincoln Ward
Bancor is pretty good.
Lincoln Morris
I have no crypto, I just want out of the debtjew. Give me money anons
Seen this back in 2013. The only true answer, oh yeah. All things considered, we are the first men alive who can truly secure our wealth. Your money is a key in your head, inseparable from you. You are your money.
Elijah Hill
Killed by a somalian too
Evan Ramirez
t. Underage
Isaac Jenkins
Women who make as much money as you are hardwired to leave you for a man who makes more.
Adrian Smith
1 year, it's still US soil and it's the same as every other state
Jaxson Johnson
>and the government can't use torture. I'm guessing you've never dealt with the US government before
Jackson Gomez
even though our taxes are being used to exterminate our race and make us slave goyim I'm paying my taxes so I can at least enjoy the few years before collapse
Adam Anderson
bitcoin for gold. Hoard gold.
I told my gf I only had a few hundred in crypto (she saw me trading).
Tyler Long
Way too many redditors here. Go back
Asher Powell
They won't use outright torture. Locking you in a cell with five ni ggers? That might happen
Eli Lee
yeah exactly I got arrested for marijuana possession and the guards took my socks, underware, and put me in a cell with 4 beaners where I had to sleep on the floor there wasn't any clean water, air conditioning, I used old sweaty dirty paperback books as pillows had to immediately go into debt for spare dirty socks/underware
and that was for basic drug possession I couldn't imagine what you get for ripping the government off 6/7 figures
Justin Rivera
FAKE DEATH MAFIA UP IN THIS BITCH
John Howard
Up in Canada Trudeau retroactively purged the records of marijuana offenders. You better hope boomers are kicked out soon and real change to drug laws can happen.
David Sanchez
I'm not sure if it will happen that soon, might be another decade before we really see it, but then again everything seems to develop more quickly with the advent of the internet. I think we will see the same phenomenon that is happening in the job market. Basically it's been an employer's market for 20 years and now with the recent shift all the sudden businesses are being ghosted left and right because they have no idea how to mitigate turnover. They are so disconnected they cannot recognize that they are losing employees because they pay them a pittance and treat them like shit. They've inadvertently constructed these swollen, bureaucratic institutions that placate to nonsense like diversity instead of actual efficiency and merit. The companies that are surviving have either hoarded enough cash to weather the storm or they can uniquely grasp the importance of cutting waste and compensating their valuable workers. Likewise we will see citizens being treated like customers instead of cattle for the first time and as you know Jow Forums, the customer is always right. The advent of encryption, zero knowledge transactions, and digital cash will mean that governments no longer have compulsion over money via printing and taxation like they have for the last 500 years or so. The governments that choose to hold onto these legacy power structures will have the most to lose, because the ones that capitulate to welcome innovation will experience enormous transfers of wealth. All of these legacy systems are fighting to suppress the advancement of crypto because open source projects and decentralization completely disrupt the gilded cage they have built to protect themselves for generations.