What's the best way to cash out without creating a huge ruckus?
For example, lets just say that I theoretically put $4000 into crypto, watched it quadruple and now I theoretically had $16k in crypto.
Now lets imagine that I theoretically put half of that so $8000 into this funny haha dog coin called Shiba Inu or something in August 2020 and just forgot about it cause it's funny to put a lot of money into stupid jokes.
But theoretically lets say that it turned to $8 billion in a bit over a year and now I want to cash out and move it to my bank account. How would I theoretically go on about this safely if I theoretically had this much money in crypto, in theory of course.
For example, lets just say that I theoretically put $4000 into crypto, watched it quadruple and now I theoretically had $16k in crypto.
Now lets imagine that I theoretically put half of that so $8000 into this funny haha dog coin called Shiba Inu or something in August 2020 and just forgot about it cause it's funny to put a lot of money into stupid jokes.
But theoretically lets say that it turned to $8 billion in a bit over a year and now I want to cash out and move it to my bank account. How would I theoretically go on about this safely if I theoretically had this much money in crypto, in theory of course.
The year is 2035, you buy g fuel with doge coin
The year is 2035, you enter your local 7/11 to buy yourself a g fuel before your shift in the local crypto mine. The android working the counter says they only accept doge coin. You pull out your phone, draw a stick man in less than five seconds on a yellow back ground and then sell it as an NFT. From the sell you make 6 doge coin, about 5 million dollars in old world money. You go to buy the drink only to find out that from the time you closed your phone to the time you talked to the cashier the coins had dropped in value to only 3 dollars per coin and you now owe at least 10 doge coin to the robot for the gamer fuel. You leave the store, frustrated, and drive off in your Tesla
The year is 2035, you enter your local 7/11 to buy yourself a g fuel before your shift in the local crypto mine. The android working the counter says they only accept doge coin. You pull out your phone, draw a stick man in less than five seconds on a yellow back ground and then sell it as an NFT. From the sell you make 6 doge coin, about 5 million dollars in old world money. You go to buy the drink only to find out that from the time you closed your phone to the time you talked to the cashier the coins had dropped in value to only 3 dollars per coin and you now owe at least 10 doge coin to the robot for the gamer fuel. You leave the store, frustrated, and drive off in your Tesla
My girlfriendās dad is a banking exec (post on /r/cryptocurrency)
My girlfriendās dad is a banking exec, I told him Iām all in on crypto
He and I met yesterday. He is a kind and mild mannered guy who comes off as deeply intelligent. I asked him how he felt about decentralized finance and he said it was a risky venture (no surprise from his banking point of view) and anyone putting money into it is a fool.
He seemed disappointed that his daughterās boyfriend wanted to talk about crypto. For me, crypto has fundamentally changed my life - it has taught me about finance, geopolitics, and that I have the agency to live a life I wasnāt sure was possible. So, when he seemed disappointed, what did I do? I doubled down. I gave an impassioned speech about why cryptocurrency is changing the world and democratizing resources that traditionally only the wealthy had access to. It is giving poor communities a fighting chance and that it is revolutionary and something that is a big part of my investment strategy.
I donāt know what the point of this post is, but I just, idk, he made me feel like a fool of an investor because he either just doesnāt get it or is scared of it and I feel like his view of me has become less favorable in terms of dating his daughter, but Iām going to stand up for what I believe in.
Ramble over.
My girlfriendās dad is a banking exec, I told him Iām all in on crypto
He and I met yesterday. He is a kind and mild mannered guy who comes off as deeply intelligent. I asked him how he felt about decentralized finance and he said it was a risky venture (no surprise from his banking point of view) and anyone putting money into it is a fool.
He seemed disappointed that his daughterās boyfriend wanted to talk about crypto. For me, crypto has fundamentally changed my life - it has taught me about finance, geopolitics, and that I have the agency to live a life I wasnāt sure was possible. So, when he seemed disappointed, what did I do? I doubled down. I gave an impassioned speech about why cryptocurrency is changing the world and democratizing resources that traditionally only the wealthy had access to. It is giving poor communities a fighting chance and that it is revolutionary and something that is a big part of my investment strategy.
I donāt know what the point of this post is, but I just, idk, he made me feel like a fool of an investor because he either just doesnāt get it or is scared of it and I feel like his view of me has become less favorable in terms of dating his daughter, but Iām going to stand up for what I believe in.
Ramble over.
You think itās funny to take screenshots of peopleās NFTs, huh?
You think itās funny to take screenshots of peopleās NFTs, huh? You must be a very immature person to steal someoneās property that they PAID for. Yeah, I said it. Youāre the kind of person who thinks that property theft (a seriously illegal offence) is a joke. I donāt even know why you took that screenshot, because you didnāt pay 1000 dollars for it. I did. The blockchain doesnāt lie. Even if you try to save it, itās my property. Youāre just angry that you couldnāt afford this priceless masterpiece. Even if you could, your fingers couldnāt even click fast enough to get one of the 10000 NFTs sold. Youāre just mad you donāt own what I own.
So, delete that screenshot, or I swear, youāll be hearing from my lawyers.
You think itās funny to take screenshots of peopleās NFTs, huh? You must be a very immature person to steal someoneās property that they PAID for. Yeah, I said it. Youāre the kind of person who thinks that property theft (a seriously illegal offence) is a joke. I donāt even know why you took that screenshot, because you didnāt pay 1000 dollars for it. I did. The blockchain doesnāt lie. Even if you try to save it, itās my property. Youāre just angry that you couldnāt afford this priceless masterpiece. Even if you could, your fingers couldnāt even click fast enough to get one of the 10000 NFTs sold. Youāre just mad you donāt own what I own.
So, delete that screenshot, or I swear, youāll be hearing from my lawyers.
Dude I own this NFT
Dude I own this NFT. Do you really think you can get away with theft when you're showing what you stole directly to my face. My lawyers will make an easy job of this case. Prepare to say goodbye to your luscious life and start preparing for the streets. I will ruin you.
Dude I own this NFT. Do you really think you can get away with theft when you're showing what you stole directly to my face. My lawyers will make an easy job of this case. Prepare to say goodbye to your luscious life and start preparing for the streets. I will ruin you.