Bitcoin hawt talk

backthepack

Honestly the way I got rich is so stupid. Sold drugs in my early 20’s as I was attending community college. Nothing major just weed, adderall and codeine if I could get my hands on it. Obviously I couldn’t put the money in my bank account so I had to figure out a way to launder it. In comes bitcoin and a few years later when bitcoin goes on a crazy run to 20k, those dime bags I sold a few years back really add up. I did get my bachelors from Washington in 2016 in Biology but have never used it. Since then, I managed my money pretty well, buying real estate and have a good financial advisor who gets me 5-10% return a year on my brokerage accounts. Based on that and the rent I take in every month off my duplexes, I’m pretty well set. But still have my goal of hitting 10 mill by the age of 30

FireCohen

Did you with draw your $500k donation?

backthepack

FireCohen said:

Did you with draw your $500k donation?

Dude, throw as many insults to me as you want. I'm 26 and have a net worth over 8 mill, it doesn't effect me. All this shit is a hobby to me. There are way more important things in my life then recruiting so none of this really matters to me. If you life is really that much effected by recruiting or football then you need to re-evaluate your life.

Goduckies

Sounds like you won the lotto and cashed part of it out, smart man

dnc

Honestly the way I got rich is so stupid. Sold video games back to Game Stop in my early 20’s as I was attending community college. Nothing major just Wii, Xbox and PS2 if I could get my hands on it. Obviously I couldn’t put the money in my bank account so I had to figure out a way to squander it. In comes wallstreetbets and a few years later when game stop goes on a crazy run to 20k, those dime games I sold a few years back really add up. I did get my bachelors from Washington in 2020 in Finance but have never used it. Since then, I managed my robinhood pretty well, buying dogecoin to the moon and have a good financial advisor who gets me 500-1000% return a year on my meme stock.. Based on that and the rent I take in every month off my duplexes, I’m pretty well set. But still have my goal of hitting 10 bill by the age of 30.

RaceBannon

I got rich off a guaranteed return of 10% plus by my financial guy

backthepack

RaceBannon said:

I got rich off a guaranteed return of 10% plus by my financial guy

I just made a years worth of top notch weed money off of a 200 investment in $TLRY at 19.80 which is above $73 a share after hours. Gunna dime bag it, sell it, and launder my 9k through bitcoin!

creepycoug

My Fudgie.

backthepack

creepycoug said:

My Fudgie.

Made another cool 535 on $SNDL bought it at .8 it’s at 3.6 after hours. I’m murdering this marijuana stocks and crypto investments. #Diversify

Pitchfork51

Btp as embarrassing as ever

FireCohen

Pitchfork51 said:

Btp as embarrassing as ever

Joke is on u buddy

backthepack

Pitchfork51 said:

Btp as embarrassing as ever

Whoosh

Goduckies

RaceBannon said:

I got rich off a guaranteed return of 10% plus by my financial guy

I bet he madoff with your assets

GreenRiverGatorz

What an unforgettable classic. The concept of having thousands in dirty cash lying around and then somehow "laundering" it through an exchange that doesn't accept cash. Pure retardation. Detlef really got us.

backthepack

GreenRiverGatorz said:

What an unforgettable classic. The concept of having thousands in dirty cash lying around and then somehow "laundering" it through an exchange that doesn't accept cash. Pure retardation. Detlef really got us.

I’m not sure the fed would even care if he was depositing 10k every couple of weeks, if that was the cash every rich kid in America would have the IRS up their ass.

creepycoug

Goduckies said:

RaceBannon said:

I got rich off a guaranteed return of 10% plus by my financial guy

I bet he madoff with your assets

You see, this is the kind of wit and humor that you're only going to get in the Finance Club.

You think the Carhartt crowd over at the Tug would come up with that? Huh? Stalin?

@DerekJohnson

@RaceBannon

doogie

backthepack said:

GreenRiverGatorz said:

What an unforgettable classic. The concept of having thousands in dirty cash lying around and then somehow "laundering" it through an exchange that doesn't accept cash. Pure retardation. Detlef really got us.

I’m not sure the fed would even care if he was depositing 10k every couple of weeks, if that was the cash every rich kid in America would have the IRS up their ass.

Which is exactly what happens every single time you deposit or withdraw more than $1,700 in cash

It’s called a Currency Transaction report. If it’s $10k or more, you have to sign it.

backthepack

backthepack said:

RaceBannon said:

I got rich off a guaranteed return of 10% plus by my financial guy

I just made a years worth of top notch weed money off of a 200 investment in $TLRY at 19.80 which is above $73 a share after hours. Gunna dime bag it, sell it, and launder my 9k through bitcoin!

Thank fuck I sold last night. It dropped back down to 40 bucks a share

FireCohen

doogie said:

backthepack said:

GreenRiverGatorz said:

What an unforgettable classic. The concept of having thousands in dirty cash lying around and then somehow "laundering" it through an exchange that doesn't accept cash. Pure retardation. Detlef really got us.

I’m not sure the fed would even care if he was depositing 10k every couple of weeks, if that was the cash every rich kid in America would have the IRS up their ass.

Which is exactly what happens every single time you deposit or withdraw more than $1,700 in cash

It’s called a Currency Transaction report. If it’s $10k or more, you have to sign it.

I am pretty sure all the cash we move gets monitored anyway

Goduckies

doogie said:

backthepack said:

GreenRiverGatorz said:

What an unforgettable classic. The concept of having thousands in dirty cash lying around and then somehow "laundering" it through an exchange that doesn't accept cash. Pure retardation. Detlef really got us.

I’m not sure the fed would even care if he was depositing 10k every couple of weeks, if that was the cash every rich kid in America would have the IRS up their ass.

Which is exactly what happens every single time you deposit or withdraw more than $1,700 in cash

It’s called a Currency Transaction report. If it’s $10k or more, you have to sign it.

As someone who worked in a bank for 15 years, yes we would do CTR's for above 10k and UAR's for anything and could be less( you wouldn't know if we filed that one), we filed those if something shady was going on. But in general, no we didn't file anything for 1700 or even 5k or 8k... now structuring yes.

doogie

Good luck with that audit

Agree with Firecohen that much of this is done electronically now