Hello guys. It's difficult to follow up on all the drama, even if I'm not involved in most of these sites/schemes/shitcoins.
I have some USDC, not much as I'm at the bottom of my buying ladder so mostly in BTC (for my trading stashes), do you think it's safe enough ?
I was thinking I'm good as I can lose that amount without hurting much, but writing this I'm realizing I should probably cancel my sell orders as if USDC crashes, they will get executed and I will be holding bags or a worthless coin.
not sure where your exchange is and not sure if you follow usa tax law, but if you are usa based there is zero reason to have usdc. Just use USD
He's a frog leg eater. Okay he's french a I like frog legs and escargot b I l like Jacques Pepin.
As for how to manage money in France I am pretty much clueless.
You would end up being the ONLY "genius" posting.
You would have the whole place to your lil selfie.
Go figure.
LiterallyJust had a let down. Bought my Bitcoin in 2013 on Bitstamp with full verification as German citizen living in Germany. Now that my bank account is almost emptied because I have no job and no income, I wanted to cash out 3-4K to have some cash for the next months. Bitstamp asked for proof of where I got my crypto from to be able to cash out. So I showed em the buy history on my Bitstamp account. Now they asking me where I got that money in 2013 to buy the Bitcoins. How the hell can I proof money I saved over a time span of 10 years. For example by selling your old 2nd hand stuff etc. Ridiculous. Gonna try Binance now.
Lookie uie pooie.
The guy who supposedly "never selling any" who always seems to be selling at or near the bottom of the market.
Kind of an unofficial mindrust.
hahahahaha
Regarding the KYC question.. just say whatever the fuck.. give them some kind of an accounting.. Currently $4k is about 0.25 BTC, so even if you bought those 0.25 BTC at the top of the market in 2013 (around $1k per BTC), that would be $250-ish. Say that you mowed lawns or whatever.. it's not like you need a lot of money to have had bought what is now $4k worth of bitcoin..

Now if you have 100 BTC in your bitstamp bitcoin account that you have not moved for 9 years, then yeah, potentially you would need to be able to say where you got $100k to buy those BTC if you bought them at the top of the market in 2013.. .. It does not seem to be very healthy to be waiting for the last minute to figure out if you are able to sell your bitcoin, and for several years, we already knew that exchanges have been performing shotgun KYC .. so surprising that you are just finding out about this..
It seems to me that the exchange just needs some kind of a plausible explanation that doe snot raise any red flags.... so if you tell them something illegal.. such as you had hacked silk road or MTGOX then that might be problematic.