Questions: have you ever cashed out a quite substantial (meaning life changing after paid taxes) amount of money to fiat ? Or do you spend it monthly from your savings using tools like prepaid cards ?
The only time I really spent some crypto was with a bitsa card as an experiment but it was just a couple of flight tickets worth.
I have cashed out several times during the last years - you gotta live your life a little.
i guess when my savings will reach a life-changing money i will have to go to process of selling those to an exchange, have them credit on a bank account and ringing all the fiscal police alerts and checking with a tax consultant. Just curious if someone already did that. Don’t think it’s worth enough for now, to go multiple time through that hassle.
I’ve had a completely hassle free experience, no one even mentioned it.
how many digits tho? Like OP, I’m worried when I finally pull the trigger and sell 7 digits USD in one go.
6 digits, about 10 times.
Nope, even not If I do not have to pay any taxes for Bitcoin kept longer that 356 days. I am still accumulating every month a bit, no matter where the price is.
I hope nunya all cashed out 9 months ago.
Yes, several times. Used the money to renovate our house and garden and install photovoltaics on the roof.