However, i'm glad your bitcoin investment is doing well. Don't forget to pay the capital gains tax generated every time you buy something with bitcoin or convert it to cash. An extra step i don't worry about with gold, since selling it is something the government never finds out about.
You can buy stuff using BTC and the government will be non the wiser. This is why BTC is preferred in the criminal world.
An extra step i don't worry about with gold, since selling it is something the government never finds out about.
But you also convert gold to cash when you want to purchase something so what's your point? The government knows either way because they will notice a new car or a property on your name and ask where the money came from.
How can i convert bitcoin back to cash without anyone wanting to KYS Know Your Customer? Perhaps i just don't know the tricks. What am i missing?
The government does not audit my purchases. I don't think the government gives a shit if i bought a $7000 truck from a used car lot. Also unless government has records of my transactions then i can make up any excuse where i came across money.
The point is to stay off the government's radar. Don't use bank accounts. Don't use credit cards. Don't use digital coins that leave a public ledger that AI can definitely unmask you and identify you with.
I would buy some bitcoin if i was able to convert it to gold or back to cash without leaving a trail for the IRS to follow. There might be a way to do it but i don't know how.
Also, even though I'm a bitcoin critic, I've been proven wrong over the last 10 years. People were pressuring me to buy it back in 2014 and 2015. Heck even in 2010 a forum i frequented was pushing it hard. I just never could convince myself to buy something that only exists in the digital sphere. Seemed too much like a video game token to me. Obviously i was wrong. So far i was wrong. I could be correct in the long run if the think collapses.
I'm sticking to gold and silver.
However, i'm glad your bitcoin investment is doing well. Don't forget to pay the capital gains tax generated every time you buy something with bitcoin or convert it to cash. An extra step i don't worry about with gold, since selling it is something the government never finds out about.
You can buy stuff using BTC and the government will be non the wiser. This is why BTC is preferred in the criminal world.
But you also convert gold to cash when you want to purchase something so what's your point? The government knows either way because they will notice a new car or a property on your name and ask where the money came from.
How can i convert bitcoin back to cash without anyone wanting to KYS Know Your Customer? Perhaps i just don't know the tricks. What am i missing?
The government does not audit my purchases. I don't think the government gives a shit if i bought a $7000 truck from a used car lot. Also unless government has records of my transactions then i can make up any excuse where i came across money.
The point is to stay off the government's radar. Don't use bank accounts. Don't use credit cards. Don't use digital coins that leave a public ledger that AI can definitely unmask you and identify you with.
I would buy some bitcoin if i was able to convert it to gold or back to cash without leaving a trail for the IRS to follow. There might be a way to do it but i don't know how.
Also, even though I'm a bitcoin critic, I've been proven wrong over the last 10 years. People were pressuring me to buy it back in 2014 and 2015. Heck even in 2010 a forum i frequented was pushing it hard. I just never could convince myself to buy something that only exists in the digital sphere. Seemed too much like a video game token to me. Obviously i was wrong. So far i was wrong. I could be correct in the long run if the think collapses.