Just became a multi millionaire

Proof or Larp.

congrats user. Can you elaborate why you used credit suisse?

congrats based anime poster

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Private banking, I guess?

see you again after 20k
and then at 100k
and then at 500k
and then at 1000k
and then at 10000k

my bags will be ready when you are friend

Post an account statement fucking larper

Keep the numbers reasonable on your next go around

All banks offer private banking if you're considered a high net individual. There has to be a better reason. HSBC offers private banking starting at 500k CHF.

You'll never be able to convert large sums to cash or the police will arrest you

And how the fuck are you going to get around taxes?

You can cash out large sums of money, you just have to not be a fucking retard about it. You tell your bank in advance that you're going to be getting large deposits of money soon and then explain to them how and why it's happening, probably with transaction reports from whatever exchange you used. Obviously if you just randomly dump 5 million into your bank account without any notice the bank is going to get suspicious.

Just pay the taxes then file for your tax return, lmao.

Put half of that in a roth ira or a high interest savings account, then get a retail licence.

just spend it a bit at a time, it's not that fucking hard. or just do what every other tax evader does and set up a modern artist to 'buy' his paintings

make sure u spend it real quick user. dont wanna get stuck holding those bags when inflation fucks u and btc is the standard currency

proof or larp (PoL)

That's a lot of money even after taxes.
Cool bananas fren!

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post your old wallet address you faggot larper

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Why the fuck is "buy" in quotes here? I get the distinct feeling you have no idea how people launder money through art.

Probably just another person confusing tax evasion and money laundering.

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>he doesn't know the modern art laundering scheme.
>implying proper money laundering works with those amounts as a private citizen.
unless OP has some form of a spoof company, that money gets traced, you dip.

>thinking 13k was the peak
damn OP, for a millionaire you are dumb as fuck

so you invested 2 million usd inheritance at bitcoin when 3000 after 90% decline sounds reasonable and believable so gongratulations enjoy nice retirement days :D

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low iq advice detected

Let's be real here, 7.9 million is nothing to scoff at. Even if it doubles, he's still set for life with his stash.

Seriously, OP made a smart move. There's literally always gonna be a "what if?"... you need to take profits eventually.

Buy 100k Chainlink before you go fren.

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i need a quick rundown on private banking

it is not unreasonable to become a multi millionaire in crypto

>from 3000 to 7.9 mil
You would have had to buy bitcoin at around $7.00 and sold at the very top back in 2017. $7.00 bitcoin was Silk Road prices. kys Larper

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This. There's no reason you'll ever actually need more than 7.9 million in your life unless you're an absolute retard. My exit number is 2 million but I'm still a long ways away.

>3,000$ in cash savings AFTER putting my inheritance in btc
He had $3,000 left after buying bitcoin.

So you were the one who dumped it? I HATE YOU.

even $500k savings is comfy as fuck. Take 5-10% of that and reinvest in shitcoin mooning prospects. Take another 30% and put it in a Treasury Bond or some other risk-free. Hodl the rest.

you'll never make it off 2 million lmao

i cashed out 2 mil in 2017 and i spent 1 on condo and car and it's just enough for anything

the comfylife begins at 5-15mm

spoken like a guy with no money lmao

When did you first buy in and how long have you held?

i'm saying that tax evaders don't use art purchases because that's not tax evasion. you said "or just do what every other tax evader does and set up a modern artist to 'buy' his paintings". dip.

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>Posts anime
Stop lying

>t. trust fund babby
enjoy walking onto the freeway after snorting coke

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Congratulations fren! You should buy some commercial property and a nice doggo. The dog will never betray you.

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it can be used as such and should be when handling those amounts for a private individual, dip. maybe also try to understand what i wrote instead of just copy pasting it next time?

did you got bitcoin for like 2-3 usd?

>i cashed out 2 mil in 2017 and i spent 1 on condo and car
no wonder you can't make it, you spend money on stupid shit

like a true red dragon!
congrats my friend

That's your own fault retard

There's no way you held until $7.8 million.

Normal people would have sold at $1 million or even $100,000 profit.

I mean I bought bitcoin at $3000 in 2017 and sold a few months later at $11,000. I couldn't fathom holding until $7.8 million (lets assume that bitcoin goes to $7.8 million in the distant future). The stress of looking at the price everyday constantly wondering if I should sell.

That's just not how normal human brains work, maybe if you went into a coma and suddenly woke up years later and you had huge profits it would make sense.

>lol some animefag trying hard to cope with his mental illness and his alternative reality where he’s rich

Just imagine if this would actually be true and OP gets arrested by feds for money laundry and tax evasion when he goes to bank to cash out

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>t. weak handed high social preference nigger

You are really stupid and/or new. It's actually alot harder for people to sell the higher up they get because they become addicted to it. Especially in crypto where it's a portion of your life and there's a whole crypto scene. It's really hard for alot of people to leave crypto.

You just are a degenerate. I know many people that invested in Apple in the early 90’s and sold recently for a gigantic profit. Just because no one informed you about the value of holding doesn’t mean we are all financially illiterate.

You spent 1 million on a condo and a house. What did you spend the other 1 million on?

Should have invested the whole thing in an index fund and lived off a comfy $175K/year

larp

Taxes

You think making money and just doing your taxes and getting your tax return is a larp? If you make a lot of money in crypto, just to your ducking taxes. Then get your tax return the following year.

Apple is an actual company that produces revenue and profit and can grow its business.

Bitcoin is fundamentally only worth what someone will pay and it provides no income stream. There's no way of accurately valuing it, so if you own it you are just a greater fool.

I'm already close to a millionaire, with most of my wealth in Vanguard high dividend yielding ETFs paying me a passive income stream that allow me to retire in 2015. I literally haven't worked a day since the beginning of 2015.

I've also been holding a rare earth mining company shares since 2009 so I am capable of holding long term.

I bet all the people frothing at the mouth replying to me are desperados hoping their electronic fantasy coins will make them rich if they hold long enough. Sorry you missed the boat, all the big gains have already been realized by the early adopters.

But good luck with that plan, seriously.

Are you so poor you think everyone just gets a tax refund, no matter how much income they make in a year?

50% tax on gains? Damn that's rough.

Can someone send me some bitcoin? I missed everything man I didn’t even know what crypto was it was that bad.

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obamawhitehouse.archives.gov/blog/2016/04/15/president-obama-and-vice-president-bidens-2015-tax-returns

Jow Forums rule of thumb: if timestamped bank extract aren't posted then it's a LARP

you guys should know better. if i were a millionaire i'd make sure to post a timestamped extract to shit on every single wagie here

return to Jow Forums immidiately

yeah but where did your initial investing capital come from? some people here didnt have the luxury of starting off rich NEETs

Sauce on this pants parser?

I started with no money. I stayed living at my parents longer than what is socially acceptable. My parents were middle class, but only my father working. So not rich. I only payed for food, internet and other bills. No rent.

I saved and invested most of my wages until the passive income was more than enough to not have to work. Then moved to a country with a lower cost of living. The dividends that I don't spend I reinvest which grows my income so I'm always keeping ahead of inflation. I calculated on a spreadsheet that I can easily make it to 80 years old without having to sell any shares so I don't touch my principal investment. I didn't factor in any capital gains from the stock market going up in the future either.

what was your strategy?

What part of that made you think "refund" exactly? Was it the "paid in taxes"?

They did their tax return and got a tax refund, which is what I was talking about, despite making a lot of money for that year.

>Spent $1M on condo
>Didn't go to lower cost area

I think I see the problem...

>ducking taxes

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I really feel like I'm missing something here. A tax return is not the same thing as a tax refund. Just because you filed your taxes, doesn't mean you suddenly don't owe taxes. The Obama's donated $64,000 worth of exemptions, and still had to pay $81,000 in taxes.

My peak was 170k now I'm at like 55k.

Initial was 1500.

Congrats on the success!

Why don't anyone in these larp threads ever post their accounts and trade history? Why do they always post anime or frogs instead?
And why do so many gullible idiots accept it without question? This is what happens when /b/ no longer is the gateway