Good day everybody,
just registered here, read a lot, searched for this topic, but the information I found was not sufficient for me, so maybe we can discuss this issue a bit more over here..
As with many people, my ultimate goal is to reach a few millions to live the rest of my life on some spacious island. Currently I am at around 300 BTC from different fraudulent activities, I might 'work' for a few more months to make the 500 complete and let it rest then. I am positive on the Bitcoin price over the next years, and if anything, luck can get me forward my goal. If it doesn't work out, it's fine aswell, but I rather do it 'go big or go home'-style..
Since this might result in a larger amount of cash, I don't really want to cash it out over LBC (or any other shady BTC exchange). Sure, it can work for even larger amounts of money, but with cash transactions larger than 1000€ being prohibited in some European countries already, this is not the road I'm heading. I want to have that money officially, in my bank account, with no questions asked afterwards. (Yes, it's the dream..)
No I am thinking about doing some kind of lottery-style-cash out.
'Hey, guess what I found, hiding for years in my cabin, some BTC I bought over in 2009 from some stranger at a party..'
With my current stash aging for a few years aswell, this might just turn out to be working. This is different than most of the other (drug-)vendors, that try to cash out their drug money, as they get BTC as a regular income. (I guess my trick might only work once, if at all..)
There has been people pulling this up (legit guys), like this Sweden guy from like 2 years ago, that found 2,000 BTC in some old wallet.dat. I reckon with such a high amount, exchangers and tax agencies will take a deeper look into it, looking for evidence on the blockchain aswell.
I would like to elaborate with someone on this. Biggest help of course would be some way to exchange my coins with someone who still has untouched coins from 2009/2010. I looked for something like this, but failed to find anything. And asking in bitcointalk will likely rise questions, since there is no real reason to pay for older coins (except tax-fraud).
In the end I can always just keep my coins. If Bitcoin is still a thing in 10 years, you can probably pay for most things with it, and no one will question 10 year old coins. Depending on the exchange rate though, I might want to exit earlier..
TL;DL: How can I cash out 500 BTC, to have the money in the bank account and have it legit.
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