Best way to liquidate?
When the time comes, what's the best way to pull out USD? I'm currently mostly in bittrex and some in coinbase Also, what's the best way to declare the gains and losses for tax reasons
That's one of the big questions right now. Money gets stuck.
Right... You can slowly pull but not very fast
Yeah I'm pretty sure it's slow game right now. To pull everything out. I have been thinking about that lately. You could try to go through coinbase or gdax. But large liquidations would be tough.
Now is a perfect time to buy crypto for me. Prices dropped and tax season is here. If the prices tank I'll use the losses to offset capital gains I'm about to have to pay. Thoughts?
Did you even read the question in this thread
I'll pay you in cash.
Not selling yet chief
I'm also thinking about this, but from a UK perspective. So far I have experience with bitstamp and coinfloor with increasingly large sums. Bitstamp was quick with 1btc but took a while with 4btc and was unresponsive about what was going on. All of that has landed now. Coinfloor handled 4btc well but with 10btc they are now asking for details about the source of the money. I just sent a long response with all the verifications I have (a bunch of emails from mtgox in in 2012 and references to blockchain transactions). Well see how that works out. At the moment I have 14btc in transit. I guess the advice is pretty straightforward: research your counterparties, decide what type of risk you are willing to take, keep track of how much you have in transit. Remember to notify your bank about expected incoming transfers.
You donโt need to pull out. Just use a condom
You can use localbitcoins.com to sell it for cash
Is this legal?
Why do you think its illegal?
Doge
?????