Ok so say you have $50,000,000 in bitcoin that was accumulated over time...

Ok so say you have $50,000,000 in bitcoin that was accumulated over time. How would you go about converting this money to USD then getting it to yourself without being investigated by the IRS? So basically: how do you get the BTC to USD, then launder it?

Other urls found in this thread:

moro.si/bitcoin/
mushkinlaw.com/bitcoin-law1/
twitter.com/NSFWRedditImage

Transfer it to me. I convert to USD and assume responsibility. You get half of what's left.

C'mon now, let's be serious. I need a way to get it to me without any attention being brought so I can then buy, or work with s business to launder the money. I'm not into splitting shit in half lol

Buy physical gold with it

Is there a place that takes bitcoin for physical gold? Or would I have to sell the BTC, then buy the gold?

>I'm not using an accomplice literally the only way to get something like this done
>Because I'm too poor to pay them

Sell then buy
The IRS is going to know Jo matter what. You can just make then look at someone else

pay the fucking taxes, piece of shit

You getting half of what took me forever to accumulate? That's not me being too poor, that's me not being stupid.

Some dude might, or multiples of "some dude"

Leave USA and live somewhere with zero income tax like HK or MC.

Aren't there bitcoin washing sites/services?

>bitcoin for physical gold?
Yes, but where are you from? I only know european gold seller stores who accepts bitcoin for gold

Not op but any accomplice from here would probably be a fat neckbearded "gibs me dat 4 nuffin i deserve it for posting on a chinese rug weaving image forum"

Yeah I can pay the taxes but you will still be fucking investigated if $50,000,000 shows up into your bank account randomly

Is bitcoin illegal? If you pay tax then why would you not want to be investigated?

Yeah, there is the double helix but I am hoping for USD instead of BTC

It was accumulated in "not-so-conventional-ways". Also wouldn't it be suspicious if $50m just appeared in your bank account?

From the US, but I could travel to Europe. It would just be hard to make it back

Just bite the bullet and pay the taxes, it's not worth the risk of getting caught, then thrown in the pen for 25+ years for tax evasion/fraud and losing all your fortune.

If you wanna do it with minimal losses, just convert to dollars a few thousand at a time and then report it to the IRS what you've converted. Dunno if that's a valid idea but as far as I know the larger the amount you report the more they take for taxes? Someone wanna clarify that for me?

Kind of unrelated, I'm in a very financially difficult position, so if you wanna throw me half a bitcoin or so my way it'd be a gigantic help..

I suggest you buy it here. They are from Slovenia, same place as Bitstamp, they work together: moro.si/bitcoin/

They are very reliable, big gold store. They'll kinda require your ID too, but it's tax free.

Hey user, read here: You are welcome

I suppose that would work. It's just a slow and painful process. Also I was in your spot too man, I'll see what I can do....

Actually, I just noticed you also don't want to be investigated for a random 50mil showing up in your bank account. 50 mil is a huge amount of money to try to launder, even for professional career criminals. Best bet is to just convert 1 or 2 grand a month and stay on the downlow with your spending for a few months or years.

It would, but then they would investigate and you show them that you farmed it. Like if somebody sold a business for 50m. Anyway you could probably use the money to buy something expensive in China or Qatar or some shit and then sell THAT for real monies.

Thank you!

I agree. I'll probably do something like that and then probably invest in a company in order to slowly speed up the process.

Been told by a college professor that most big drug dealers are busted because they didn't pay their taxes. Have you thought about off shore private bank accounts? Swiss I believe is private. Can't confirm though. Poorfag.

That sounds like a very good idea. Just don't overdo it and draw attention to yourself

Yawn, such shitty bait, and what makes you think anybody with bitcoins would be so retarded to fall for user links..

I agree with the slow transfer idea. Doesn't raise red flags and pays taxes to keep the fed off your ass

Yeah, I thought about doing a Cayman account because recently, the government has been investigating the Swiss accounts. So I think my best bet is the Cayman Islands.

Buy gold for some of it

Who ever said I would follow through anyways? I was thanking them for the idea of the BTC to gold transfer.

>what took me forever to accumulate?

How long has bitcoin been around now? 7-8 years? Most people barely accumulate $1m over the course of their entire career, let alone $25m in a quarter of the time. I don't know the first thing about converting bitcoins to real money but if giving up 50% of $50m is what it took for me to live the rest of my life in luxury and without care I wouldn't give a shit. Greed always screws rich people over.

I'm sure you will figure it out. I'd do more research. Do you know any wealthy people you can rely on? My experience is they learn more work-arounds then most considering the large quantities of money they have to deal with.

First of all, id like to say youre a dumbass for collecting so much digital currency, thats the worst kind of money to try to launder. At this point you need some actual assets to make it look like you earned your money. Get enough to start a small business outta there, dont take any more out. Get your business going and use the bitcoin to cover as many business expenses as you can. Then use the profit from the business in your day to day life. In the meantime, you have a fuckload of money to fall back on if you get fucked somehow. Theres no way to launder all the bitcoin without bringing attention to yourself, so you may as well give it up. Unless you can somehow start a corporation and get an offshore account. But then your money will be useless. Sorry user youre a little fucked

If you wish you can donate some BTC in return for info ;p

Also, if you need help to find where is that store, I can show you. I live very close and bought gold there

Posted address as picture because it wouldn't let me post otherwise

Why the fuck would I give half of what I got to some person who will help me, if there was a way around it? It's being smart. Yeah sure I'm greedy and stingy but that is what got me to this point.

GoldMoney.com, restricted to their Dubai branch.

Vaultoro.com, only ID they want is a (potentially anonymous) e-mail for up to a few thousand bucks in gold. They're in Switzerland.

Coinapult.com, anonymous, bitcoin pegged to gold (also available, USD, EUR, British Pound), no physical delivery tough. Operating out of Panama.

Amagimetals.com, I have no personal experience with them.

On the plus side, if he wants to do like I suggested:
He's really lucky in the fact he can live the rest of his life without having to worry about money ever again lol

Just cash out some of it legally.

Buy a bitcoin debit card a buy shit with it

Bitgold

Localbitcoins

Don't be in a hurry, bitcoin will never go below 1000$ again and might still go to 10000$ in a year or 3.

You can always sell some on exchanges and keep it as fiat.

You can upload it to Skrill and convert it to USD

You can buy a Tesla car with Bitcoin

You can donate to some charities that you like

Buy some fun shit on the dark web (tumble it first) and try DMT and hiring someone to kill someone you don't like

Order random shit on webshops

Don't cash out everything ever

....my point is, you need to surround yourself with people of the like. That's how you learn bigger things. Coming here is like going to special Ed class to learn how to read at a college level. No offense but there aren't many tycoon millionaires lurking out of boredom and lack of pussy from living in moms basement.

I agree. I just figured there might've been some intelligent people here who knew something about economics, bitcoin, or money laundering.

Hey faggot we know you made WanaCry

What is a fiat? The car?

If you've got 50m just move to another country and live like a king.
I'm trying to buy some XVG to stop being a wagecuck if you want to send me some.

Haha no, I didn't get my bitcoin through ransomware.

At least buy a fucking Tesla
They are very solid and give me a boner when looking at them

>Kind of unrelated, I'm in a very financially difficult position, so if you wanna throw me half a bitcoin or so my way it'd be a gigantic help..
err a bitcoin's worth about 2.5k USD at the moment, sort of optimistic? about about 1/1000th of a bitcoin?

Use multiple low limit credit cards to purchase your stuff, use the bitcoins to pay off the debt

Yeah, in the meantime I'll get a tesla roadster

>win lottery
>demand lump sum payment and no taxes taken out
That's your other option, asshat

start some kind of cloud mining website then you take money from pepole and give them bitcoin... easy

I'm not saying you should give half away, IF there's another way to do it. But suppose there was one easy way to instantly get 25m without raising suspsion and the alternative was to spend the rest of your life working to launder money at a rate of 1 or 2k a month and being paranoid about your spendinjg, would you really choose the latter?

Also pointing out that "forever" is relative here. Most people can only dream of making that kind of money in just a few years time through hard work. You should be grateful that you even managed to get any kind of substantial sum out of it in that little time.

user pls :c I'm broke xD Would love if you do that

If this isn't a hypothetical, you do what a normal person would do, and contact a lawyer.

Google yields this fag
mushkinlaw.com/bitcoin-law1/

Probably a jew, accepts payment in bitcoin.

>will never go below 1000$ again
Gonna need a sauce on that, baitanon

Buy cash off the deep web

Or......
>Invest in gold
>move out of the U.S.
>create an out of country bank account
>switch to USD and slowly put it into my bank
>launder the money through multiple businesses

>make business
>use incoming bitcoins as "customer" payment
>your expenses are what you want (cars, house, ect)
>report some profit and pay the irs tax on the take home profit so they don't get you.
>have extremely clean books for the audit (pay a jewish accountant)

open USD bank account in TR
the govermenth is in desperatly need for USD
they dont investigate anything.
you can buy 45/50 houses in Istanbul then sell it after a year

Well yes, in that case I would split the money

>launder
If you want to live your life commiting crimes until you die and risking losing every dollar, that's up to you

launder it like you would any other form of money. buy things off deep web, resell them legitimately on ebay. then transfer the money to your bank account. you'll take a loss, but there be a bit of a paper trail. just try to minimize your loss.

Trust me, that is last resort.

You can't avoid it. It if you didn't do anything illegal then it doesn't matter if you get investigated. Just report the capital gains.

Or buy Ether and double your money by the end of the year because BTC growth stopped and ETH is just starting to break out.

Wouldn't that be like, 2 bucks? kek

Isn't that a more reasonable amount to try to beg off Sup Forums

But I'd take anything at the moment, I can't even afford the gas to get back and forth to work. I'm not trying to be a greedy dick or anything, just legitimately stuck in a very difficult spot and need that little push to get forward again :(

I gave the real info to OP where to get physcial gold for bitcoins and he didn't send me any donation.
So why would he send it to you? I'm equally if not even more poor than you. I live in a shithole and I just can't get out of it even if I keep trying I always make wrong predictions and losing everything. I posted my bitcoin address but nothing happened. It just doesn't work, unlucky and even if I help others it never gets paid back.

Ok, I feel your pain (I was in a position like that once too). Give me your bitcoin wallet id again and I'll give you half a bitcoin LOLIOLOLOLOLOLOLOL

FUckit, I'll give you 10 bitcoinds

F5ing till you give me your wallet again so I can help save the world

Make a deal with some large exchanges. They will gladly buy them

In a account that nearly has 20,000 BTC, it takes a while to send BTC because of security procedures

...

Buttcoin pls

Smurfing. That's how the big boys do it. You hire 50 people to wash your money for you through their own accounts. It'll cost you about 15-20%, but still cheaper than what you'd pay in taxes.

Ow you mean that other guy. Well that guy is someone else.
I'm just the one who offered info and I'm in really shitty position. But if you really going to send some btc, I'm going to remember you forever man

I always thought it was instantaneous. I'm not by the way, another user. I'm also new to bitcoin and I generally don't know a whole lot about it. I wish I had jumped on the bandwagon way back in '09

1186kilos of gold. How are you going to transport that lol! If this is true, you are awesome. Especially if I get donations then I love you. I'm hyped but I hope it's not just fake :c
I'm happy that I helped you out anyways

I'm sure he can afford an armored truck if he has that kind of money, probably hire some armed guards along with it

Take out a loan from a bank to start an online business. Say you sell little trinkets, or offer consulting services, or whatever -- doesn't matter, you won't actually do anything. But set up an actual ecommerce website that accepts bitcoin as payment. Set this up with your actual name and company and real info. Use those services that obscure the source of bitcoin movement (forget what they're called, but ones that you give bitcoins to, then they give the same amount to a different wallet, minus a fee). Then buy things on your ecommerce site using these wallets, and convert them to USD using Coinbase or whatever normie service you want, using your real company credentials. You'll need to pay taxes, so try to spread it out over many years (try to stay in lower tax brackets). You'll need to pay interest on the loan too, which you got to make your business seem legitimate, as well as fees for obscuring bitcoin sources, transaction fees, etc.

Seems like it would work though. But it almost certainly won't, because youll fuck it up or i missed something in my description or the IRS is smarter than you or I think, or whatever. But fuck it, give it a shot.

Just pay your taxes

transfer to drug and weapon assets

>Have friend
>Give it to friend being dollar
>Tell him he gets 10%
>Get 90% back
>M O N E Y L A U N D R Y

This. Don't know how much tax you would have to pay but reckon it's better to oh and not worry about it.

On alphabay there's a pay 1100usd get 1000 sent in cash to you by mail. Could always try that out and do it over the course of some years

Look up and do something called a Double Irish with a Dutch Sandwich.

Ok I'm sending you half a bitcoin now. I'm behind 7 bitcoin washing services so you'll never find out who it came from am, and I hope you spend it on food and a haircut instead of drugs.

...

I would make several different accounts on localbitcoin.com and liquidate like a motherfucker, with that many coins it will be a full time job for a few years.

After you read this, I guarantee you will feel sorry for me.
Imagine this. You are attracted to women, like you are now (emotionally and sexually), but they do not exist. They existed a long time ago, and no one knows what they looked like (They have a pretty good idea from the fossils, however), but they do not exist anymore. That means, not only do you know there will never be any possibility of you having sex with one, but there's not even a possibility of you ever seeing one in real life. Everyone else, however, except for a very few, are not attracted to women, they are attracted to something else entirely. So in other words, you will never find any porn anywhere on the internet, only non-sexual pictures of women. Everyone you have told about your attraction to women think it's disgusting. To relieve yourself, you get off on the non-sexual pictures of women, knowing it will never get any better.
That's what life is like to me.
I am a degree 6 Zoosexual, sexually and emotionally attracted to Tyrannosaurs and nothing else.Women don't even do it for me. I am cursed to live my life in the misery that my most powerful emotional fantasies will never be even close to coming true. Life is like hell to me. I will never know true love.

You don't. You buy solar panels and resources to become self-sustainable and move into the jungle and grow your own food and live there until everyone kills each other while you're safe.

If this is real, I can help. It's not that difficult to do if you have the right connections in the right countries. To launder that large an amount is more about knowing who and where to bribe.

871(j)

I offer this service through Tor marketplaces. I would do it for you, for a fee.

If you're real, and if you're interested, I will drop an email where you can contact me.