An unknown person randomly deposits 10BTC into your wallet. What do you do?

Discussion in 'General Discussion' started by Xantasmine, Nov 9, 2021.

An unknown person randomly deposits 10BTC into your wallet. What do you do?
  1. Unread #1 - Nov 9, 2021 at 7:10 PM
  2. Xantasmine
    Joined:
    Jul 16, 2021
    Posts:
    321
    Referrals:
    0
    Sythe Gold:
    393
    Vouch Thread:
    Click Here
    Discord Unique ID:
    903473537254293584
    Discord Username:
    Xan#3059
    Lawrence Heidy Extreme Homosex Potamus

    Xantasmine Forum Addict
    $25 USD Donor New

    An unknown person randomly deposits 10BTC into your wallet. What do you do?

    10 BTC as of today (10/11/2021) is £493,502.28.

    A random person deposits 10BTC into your wallet address.
    What do you do?

    What is your thought process, do you declare it to the Government, report it to the authorities?
    How do you get away with exchanging 10BTC into cold hard IRL cash?

    (this is not meant to be a guide, just a fun conversation starter).
     
  3. Unread #2 - Nov 21, 2021 at 12:06 AM
  4. MohtasaUnique
    Joined:
    Sep 1, 2007
    Posts:
    6,671
    Referrals:
    2
    Sythe Gold:
    677
    Discord Unique ID:
    158831078964985856
    Discord Username:
    Tony#2235

    MohtasaUnique Grand Master
    Retired Global Moderator

    An unknown person randomly deposits 10BTC into your wallet. What do you do?

    draw it out, pay legal taxes, and put it in a Roth IRA.

    It'd probably accrue more to remain as BTC, but I'd rather contribute to a more stable retirement investment.
     
  5. Unread #3 - Nov 21, 2021 at 1:38 AM
  6. Malcolm
    Joined:
    Oct 31, 2018
    Posts:
    693
    Referrals:
    0
    Sythe Gold:
    1,696
    Discord Unique ID:
    216026953130573824
    Discord Username:
    Malcolm#7178
    Not sure if srs or just newfag... Baby Yoda Extreme Homosex Poker Chip Heidy Homosex <3 n4n0 Two Factor Authentication User Tier 1 Prizebox (4)
    Verified Ironman

    Malcolm #1 OSRS Public and Private Bots!
    $500 USD Donor

    An unknown person randomly deposits 10BTC into your wallet. What do you do?

    Withdraw it and put it straight into my TFSA and RRSP accounts then buy options with it of course.
     
  7. Unread #4 - Nov 21, 2021 at 6:40 AM
  8. Lucky Charm
    Joined:
    Jun 7, 2019
    Posts:
    34,639
    Referrals:
    11
    Sythe Gold:
    36,610
    Vouch Thread:
    Click Here
    Discord Unique ID:
    591228198071566337
    Discord Username:
    LuckyCharm#7749

    Lucky Charm Legend

    An unknown person randomly deposits 10BTC into your wallet. What do you do?

    Exchanging it for real life cash would cause problems. The first thing the authorities (bank) will ask where you got the Bitcoin from and they would ask you to give proof that you bought this 10 bitcoin somewhere. You will not have this proof and hence you look like you either are hiding illegal activities or income generated online.

    Most likely you want to hold this and sell it of by bits, use bitcoin cash ATMs or get a setup where you launder it from a foreign bank. You can also buy a lot of stuff with Bitcoin from websites etc.
     
    Last edited: Nov 21, 2021
  9. Unread #5 - Nov 27, 2021 at 11:16 AM
  10. Yutilk
    Joined:
    Nov 5, 2021
    Posts:
    10
    Referrals:
    0
    Sythe Gold:
    9

    Yutilk Newcomer

    An unknown person randomly deposits 10BTC into your wallet. What do you do?

    use it to buy stuff that can be bought with btc.
     
  11. Unread #6 - Nov 27, 2021 at 11:52 AM
  12. here4money
    Joined:
    Mar 4, 2016
    Posts:
    668
    Referrals:
    0
    Sythe Gold:
    882
    Two Factor Authentication User

    here4money Apprentice
    $25 USD Donor New

    An unknown person randomly deposits 10BTC into your wallet. What do you do?

    i would cash it out and pay taxes (not sure what i would say when the bank asks me where i got it from)
     
  13. Unread #7 - Nov 27, 2021 at 12:32 PM
  14. Death
    Joined:
    Mar 1, 2016
    Posts:
    1,930
    Referrals:
    16
    Sythe Gold:
    21
    Vouch Thread:
    Click Here
    Discord Unique ID:
    907710496147374121
    Discord Username:
    Dead#6566
    Two Factor Authentication User Potamus Halloween 2017 Halloween 2015 Halloween 2014 <3 n4n0 We Are Legion Easter 2017 Homosex
    Halloween 2019 St. Patrick's Day 2020 Valentine's Day 2020 Summer 2020 Halloween 2020 Sythe's 15th Anniversary Easter 2020 Christmas 2019 Nitro Booster Baby Yoda
    Poképedia Village Drunk Heidy Extreme Homosex Cook Tier 1 Prizebox St. Patrick's Day 2017 Pokémon Trainer Poker Chip Tier 2 Prizebox

    Death BEST CHEAP SKILLER TRAINER JOIN OUR DISCORD
    $300 USD Donor New

    An unknown person randomly deposits 10BTC into your wallet. What do you do?

    cashout, pay taxes-invest in something that can earn you money in the long run :)
     
< What makes you happy? | What do you never forgive? >

Users viewing this thread
1 guest


 
 
Adblock breaks this site