If your crypto wallet isn't linked to your identity or known to government authorities,you might be able to avoid any questions from tax man by cashing out through Bitcoin ATM. In some EU countries you can ATM-exchange up to ~ €990 per transaction without needing to go through KYC checks. What's more, many of these ATMs don’t limit the number of sequential transactions you can make during one visit just use different addresses for each transaction meaning you could break down the larger amount into smaller chunks and exchange them one after another. Europe isn’t that big, so if your local country enforces stricter rules traveling to the neighboring country with more lenient ATM regulations could be the practical workaround.
This is working for now, but it doesn't seem like it will for much longer. Apparently, by the end of the year, this type of
trading should be a thing of the past. It's not just about crypto ATMs, there are even physical crypto exchanges where such transactions can be made.
I started with 20k euros 1 year ago and now the account is at 50k euros. I believe I can hit 80k or more after the summer here.
And I aim to increase this portfolio every year.
It is not a lifechanging amount of money yet, but with good management it can certainly become just that.
You obviously knew what the tax policy was in your country, so you should have thought about how you would make a profit - now you are in an awkward situation because you don't want to pay tax on your profit, but you still want to sell. You have already received some advice, but perhaps it is best to seek professional help.
~snip~
I consider not selling my first 0.25 BTC purchase, but that is like agreeing to let 35k euros worth of value (I expect BTC to hit 150k this year) all the way back to 15k at the bottom of the bear market next year.
You're pretty confident that's exactly what's going to happen - but I personally don't believe we'll ever buy BTC at $15k again - because if that happens it will mean we'll never see $100k again. You are not talking about a correction here, but about an almost complete failure in terms of investor confidence.
By the way, posting multiple posts in a row is not allowed by forum rules.