Quote:
Originally Posted by Barry-xlovecam
Hypothetically, If I had 1,000 Bitcoins how could I move them into assets without using regulated banks?
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Hypothetically, if you had $1,000,000 in unreported cash, how could you move it into assets without using regulated banks?
You couldn't! You could spend it on all the hookers and blow you like but as soon as you want to invest it you need to report it to the IRS and pay tax on it.
Same with bitcoin, you can turn it into unreported/tax-free cash easy (see localbitcoins.com), and you can spend that cash on all the hookers and blow you like, but if you want to invest it, you need to report it and pay tax on it.
If you're willing to pay tax on your bitcoin (and it's not illicitly acquired) you can just sell it to coinbase, and then invest the cash you get.