QUOTE(icemanfx @ Sep 21 2022, 09:54 PM)
May be view. Please readLiquidating millions worth of crypto
Liquidating millions worth of crypto
|
Nov 16 2022, 09:36 AM
Show posts by this member only | IPv6 | Post
#101
|
Senior Member
4,257 posts Joined: Nov 2006 |
|
|
|
|
Nov 16 2022, 09:38 AM
|
All Stars
14,363 posts Joined: Oct 2004 |
|
|
Nov 16 2022, 09:40 AM
Show posts by this member only | IPv6 | Post
#103
|
Senior Member
4,257 posts Joined: Nov 2006 |
|
|
Nov 27 2022, 11:47 PM
|
All Stars
20,796 posts Joined: Jul 2012 |
QUOTE(Secretx @ Apr 3 2022, 02:24 AM) Hello, Hope you are not trapped by ftx downfall.I have some questions regarding how to liquidate my crypto into MYR. It's a long journey.. I started in late 2020 and managed to turn few thousand (MYR) into a few million (USD). Currently, I'm mostly sitting in USDC in FTX and doing lending. |
|
Dec 8 2022, 09:39 PM
Show posts by this member only | IPv6 | Post
#105
|
Junior Member
37 posts Joined: Oct 2010 |
QUOTE(jack2 @ Nov 16 2022, 08:45 AM) Just saw this.. Yea, a lot of money is stuck there, pretty bad. I'm filing proof of claim soon, selling my claim to a hedge fund.My headache is now how to declare it tax-wise because they are paying directly into my bank account. Not sure this kind of transaction is categorized under what. |
|
Dec 8 2022, 09:40 PM
Show posts by this member only | IPv6 | Post
#106
|
Junior Member
37 posts Joined: Oct 2010 |
|
|
Dec 8 2022, 09:41 PM
Show posts by this member only | IPv6 | Post
#107
|
Senior Member
1,111 posts Joined: Oct 2021 |
QUOTE(Secretx @ Apr 3 2022, 02:24 AM) Hello, Manage to liquidate or not since FTX issue?I have some questions regarding how to liquidate my crypto into MYR. It's a long journey.. I started in late 2020 and managed to turn few thousand (MYR) into a few million (USD). Currently, I'm mostly sitting in USDC in FTX and doing lending. I'm looking to liquidate some of the USDC into MYR, about 500k USDC worth. My question is, can I just do that with LUNO straight and declare them accordingly in the personal tax bracket? I can buy BTC in FTX, transfer them to LUNO, and then sell them and cash out. Is there any concern that I should be aware of? I'm looking to buy house / car after declaring them. To add some story: I started to onboard crypto with P2P in Binance to purchase USDT, when I earn my first pot of gold of crypto I didn't do that anymore. So it's just crypto gain rolling more crypto gain. I used to trade derivatives in Binance, now trading full time in FTX. Thanks. |
|
Dec 8 2022, 09:43 PM
Show posts by this member only | IPv6 | Post
#108
|
Senior Member
1,111 posts Joined: Oct 2021 |
QUOTE(jack2 @ Aug 24 2022, 03:55 PM) yes, but I wont answer more it should have until you have confirmed to use my services with payment. Due to past experience, all earned millions but too kedekut to make hundred or thousand service. Yeah, even 5-10% service fee donwan to share. Now all endup loosing many thousands or even millions lol. |
|
|
|
Dec 8 2022, 10:02 PM
|
All Stars
14,363 posts Joined: Oct 2004 |
QUOTE(Secretx @ Dec 8 2022, 09:39 PM) Just saw this.. Yea, a lot of money is stuck there, pretty bad. I'm filing proof of claim soon, selling my claim to a hedge fund. Able to get back 100%?My headache is now how to declare it tax-wise because they are paying directly into my bank account. Not sure this kind of transaction is categorized under what. QUOTE(teslaman @ Dec 8 2022, 09:43 PM) Yeah, even 5-10% service fee donwan to share. Now all endup loosing many thousands or even millions lol. Haha, nothing related even if he opted to my service, FTX is still collapsed |
|
Dec 8 2022, 10:44 PM
Show posts by this member only | IPv6 | Post
#110
|
All Stars
20,796 posts Joined: Jul 2012 |
|
|
Dec 8 2022, 10:48 PM
Show posts by this member only | IPv6 | Post
#111
|
Junior Member
37 posts Joined: Oct 2010 |
|
|
Dec 8 2022, 10:49 PM
Show posts by this member only | IPv6 | Post
#112
|
Junior Member
37 posts Joined: Oct 2010 |
|
|
Dec 8 2022, 11:18 PM
|
All Stars
14,363 posts Joined: Oct 2004 |
|
|
Dec 9 2022, 01:57 AM
|
All Stars
20,796 posts Joined: Jul 2012 |
|
|
|
|
Dec 9 2022, 12:22 PM
|
Senior Member
2,219 posts Joined: Apr 2019 |
QUOTE(Secretx @ Dec 8 2022, 10:49 PM) not bad really if you can still get 10 cent to the dollar. still a dollar millionaire... but really, whats the likelihood of that? Lehman, which is a regulated entity, only managed like 20 cent recovery. |
|
Dec 10 2022, 04:36 PM
|
Newbie
18 posts Joined: Jan 2018 |
|
|
Dec 10 2022, 05:08 PM
Show posts by this member only | IPv6 | Post
#117
|
All Stars
14,363 posts Joined: Oct 2004 |
|
|
Dec 11 2022, 07:31 PM
|
Senior Member
2,219 posts Joined: Apr 2019 |
QUOTE(jack2 @ Dec 10 2022, 05:08 PM) this would have been one big systemic risk example not to emulate. No different than some I know that kept all their wealth in their firm's equity/shares and then their firm share price collapse.maybe we all worry for no reason for TS, as who knows... that 20 million usd is just a faction of his wealth. |
|
Dec 13 2022, 05:36 PM
Show posts by this member only | IPv6 | Post
#119
|
Senior Member
1,111 posts Joined: Oct 2021 |
|
|
Dec 22 2022, 12:29 PM
|
Senior Member
2,219 posts Joined: Apr 2019 |
QUOTE(Secretx @ Dec 8 2022, 10:48 PM) curious... would you don't mind sharing your experience post crash/ftx bankruptcy? anyone from the enforcement side contacted you? since you are one of the top 50.. curious on how they get hold of the depositors/investors. SBF and his lieutenants are in custody... |
Change to: | 0.0240sec
0.27
6 queries
GZIP Disabled
Time is now: 29th March 2024 - 07:29 PM |