Bitcoin

1080 readers

6 users here now

founded 4 years ago

MODERATORS

skywirex@lemmy.ml

cashing out (feddit.it)

submitted 1 year ago* (last edited 1 year ago) by underscorner@feddit.it to c/bitcoin@lemmy.ml

4 comments fedilink hide all child comments

Questions: have you ever cashed out a quite substantial (meaning life changing after paid taxes) amount of money to fiat ? Or do you spend it monthly from your savings using tools like prepaid cards ?

The only time I really spent some crypto was with a bitsa card as an experiment but it was just a couple of flight tickets worth.

top 4 comments

sorted by: hot top controversial new old

[–] lovesickoyster@lemmy.one 2 points 1 year ago* (last edited 1 year ago) (1 children)

I have cashed out several times during the last years - you gotta live your life a little.

[–] underscorner@feddit.it 2 points 1 year ago

i guess when my savings will reach a life-changing money i will have to go to process of selling those to an exchange, have them credit on a bank account and ringing all the fiscal police alerts and checking with a tax consultant. Just curious if someone already did that. Don't think it's worth enough for now, to go multiple time through that hassle.

[–] Blacksheep@feddit.de 2 points 1 year ago

Nope, even not If I do not have to pay any taxes for Bitcoin kept longer that 356 days. I am still accumulating every month a bit, no matter where the price is.

[–] Snowfall@beehaw.org 1 points 7 months ago

I hope nunya all cashed out 9 months ago.