Pages:
Author

Topic: briefcase full of cash (Read 4198 times)

legendary
Activity: 1554
Merit: 1014
February 01, 2015, 12:36:56 AM
#64
if I had a briefcase with $250k in it and I wanted to buy bitcoins who would I talk to? or is that not even possible these days?

yes buy bitcoin when the price down or below $100, and when it reaches $1000 I am very wealthy Smiley
full member
Activity: 126
Merit: 100
February 01, 2015, 12:12:17 AM
#63
Let me know when you are buying the coins as i expect market price to go up a little when you do that.

The market price would probably be unaffected by a cash transaction not done on an exchange.
It would be affected the same way that any other transaction takes place, at least in the long run. If someone makes a large trade in cash, then the someone else will certainly not make the same (but opposite) trade on any exchange as they sold their bitcoin to the person in cash. This will result, over the long term in higher prices
legendary
Activity: 1316
Merit: 1000
Si vis pacem, para bellum
January 31, 2015, 11:34:34 PM
#62
Ofcourse you should do smaller amounts as others have said before however I believe a good way to do it is hit a bitcoin atm a few times with what you have as whilst they may be recorded or w/e they don't have to know who you are.

Some of them record your fingerprints via touchscreen so they will certainly red flag you if you are doing unusually high volumes
Split it up into smaller chunks is the best way and if  possible buy them directly from a mining pools of the owners agree  and avoid the exchanges imo
sr. member
Activity: 560
Merit: 250
January 31, 2015, 09:31:30 PM
#61
Ofcourse you should do smaller amounts as others have said before however I believe a good way to do it is hit a bitcoin atm a few times with what you have as whilst they may be recorded or w/e they don't have to know who you are.
legendary
Activity: 1204
Merit: 1028
January 31, 2015, 09:23:50 PM
#60
I would absolutely return a briefcase full of cash to the owner/police, but a briefcase full of usbs with bitcoin wallets full of bitcoins? then my friend i would be more tempted to hold that briefcase.
sr. member
Activity: 322
Merit: 250
https://dadice.com | Click my signature to join!
January 31, 2015, 04:53:43 PM
#59
I wouldn't risk to make such a large transaction with cash. For that kind f money, some people could try to set up a fake wallet...

how would a fake wallet work then assuming the deal is done in person at a police station
 or in a bank etc to negate the risk of robbery by either party ?

When you have a briefcase full of cash, a police station is the last place you want to go. There's a 100% probability your money would be seized. Even a bank isn't safe. In most countries nowadays, banks aren't comfortable handling large sums of cash. Only Switzerland remains safe.


maybe they do  that where you live but in my country you are free to bring bundles of cash into a bank ,use the automatic counting machines and then give it to someone else etc and the police dont steal your money unless you have done something wrong and they can prove that  Cheesy

What I describe is the actual situation in the US, the UK, France, Italy... In several European Union countries, it's illegal to carry more than €10,000... sadly, that's the world we're living in. Most often, you see panels warning you about it at the airport. If you have more than €10,000 in your pocket, they must be declared upon arrival, meaning that if you get caught with a lot of "undeclared" cash, you'll be f*cked.


if it wasnt prevented wouldnt it lead to sending money nonstop from one country to the other to get rich fast?

What do you mean?
Moving money from one country to another does not make anyone rich.

i mean buying currency in one country and then selling it for higher price in another wouldnt it be possible then to get some money?

In many countries doing so could be represented as money smuggling due to being illegal to contraband currencies. How much premium could you be able to extract from partners to be worth the risks?
legendary
Activity: 1022
Merit: 1007
Sooner or later, a man who wears two faces forgets
January 31, 2015, 01:30:42 PM
#58
BUy it from different exchange and different people , if possible from different country's
legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
January 31, 2015, 10:14:59 AM
#57
I wouldn't risk to make such a large transaction with cash. For that kind f money, some people could try to set up a fake wallet...

how would a fake wallet work then assuming the deal is done in person at a police station
 or in a bank etc to negate the risk of robbery by either party ?

When you have a briefcase full of cash, a police station is the last place you want to go. There's a 100% probability your money would be seized. Even a bank isn't safe. In most countries nowadays, banks aren't comfortable handling large sums of cash. Only Switzerland remains safe.


maybe they do  that where you live but in my country you are free to bring bundles of cash into a bank ,use the automatic counting machines and then give it to someone else etc and the police dont steal your money unless you have done something wrong and they can prove that  Cheesy

What I describe is the actual situation in the US, the UK, France, Italy... In several European Union countries, it's illegal to carry more than €10,000... sadly, that's the world we're living in. Most often, you see panels warning you about it at the airport. If you have more than €10,000 in your pocket, they must be declared upon arrival, meaning that if you get caught with a lot of "undeclared" cash, you'll be f*cked.


if it wasnt prevented wouldnt it lead to sending money nonstop from one country to the other to get rich fast?

What do you mean?
Moving money from one country to another does not make anyone rich.

i mean buying currency in one country and then selling it for higher price in another wouldnt it be possible then to get some money?

Difficult.

It's certainly possible to go to China with US dollars, to sell them above market rate, but you'll get Chinese Yuans which nobody wants outside China. So you may want to exchange that Chinese cash for BTC before you leave, but that doesn't easy. It's probably worth trying, though I wouldn't do it myself.
legendary
Activity: 1424
Merit: 1001
January 31, 2015, 09:40:54 AM
#56
Have you bought Bitcoins yet or are you doing a research for future purposes?
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
January 30, 2015, 08:26:29 PM
#55
if I had a briefcase with $250k in it and I wanted to buy bitcoins who would I talk to? or is that not even possible these days?

Try BurtW, I hear he performs large cash trades with strangers.

Oops, too soon?

Yes - definitely too soon. You, sir, are a cad.

Undoubtedly, but I like to see it as finding the hidden humor in anything.

Slapstick works because we all know the victim of the pratfall is not truly hurt. Pointing and laughing at the injured is not funny.

Frankly, I was surprised to read that from you.

But who hurt him? Someone here? His friends and family? When Jim Carrey shoots himself in the foot it's funny because he did it in a moment of stupidity. If someone else shot him it wouldn't be so funny. That's the nature of slapstick. Burt definately shot himself in the foot. He knew what he was doing, preached about doing it right and then he did it wrong. Pure slapstick.
member
Activity: 67
Merit: 10
January 30, 2015, 01:34:48 PM
#54
You would want to get in contact with either someone from LBC and/or a known big time vendor.
legendary
Activity: 3080
Merit: 1688
lose: unfind ... loose: untight
January 30, 2015, 01:00:31 PM
#53
if I had a briefcase with $250k in it and I wanted to buy bitcoins who would I talk to? or is that not even possible these days?

Try BurtW, I hear he performs large cash trades with strangers.

Oops, too soon?

Yes - definitely too soon. You, sir, are a cad.

Undoubtedly, but I like to see it as finding the hidden humor in anything.

Slapstick works because we all know the victim of the pratfall is not truly hurt. Pointing and laughing at the injured is not funny.

Frankly, I was surprised to read that from you.
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
January 30, 2015, 10:54:56 AM
#52
if I had a briefcase with $250k in it and I wanted to buy bitcoins who would I talk to? or is that not even possible these days?

Try BurtW, I hear he performs large cash trades with strangers.

Oops, too soon?

Yes - definitely too soon. You, sir, are a cad.

Undoubtedly, but I like to see it as finding the hidden humor in anything.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
January 30, 2015, 10:40:32 AM
#51
Let me know when you are buying the coins as i expect market price to go up a little when you do that.

The market price would probably be unaffected by a cash transaction not done on an exchange.

do you realize that bitcoin has a market cap of 5 billion and even if you buy 1 million in btc the price would do nothing?


just go on coinbase and circle and buy.
sr. member
Activity: 378
Merit: 250
January 30, 2015, 10:32:19 AM
#50
I wouldn't risk to make such a large transaction with cash. For that kind f money, some people could try to set up a fake wallet...

how would a fake wallet work then assuming the deal is done in person at a police station
 or in a bank etc to negate the risk of robbery by either party ?

When you have a briefcase full of cash, a police station is the last place you want to go. There's a 100% probability your money would be seized. Even a bank isn't safe. In most countries nowadays, banks aren't comfortable handling large sums of cash. Only Switzerland remains safe.


maybe they do  that where you live but in my country you are free to bring bundles of cash into a bank ,use the automatic counting machines and then give it to someone else etc and the police dont steal your money unless you have done something wrong and they can prove that  Cheesy

What I describe is the actual situation in the US, the UK, France, Italy... In several European Union countries, it's illegal to carry more than €10,000... sadly, that's the world we're living in. Most often, you see panels warning you about it at the airport. If you have more than €10,000 in your pocket, they must be declared upon arrival, meaning that if you get caught with a lot of "undeclared" cash, you'll be f*cked.


if it wasnt prevented wouldnt it lead to sending money nonstop from one country to the other to get rich fast?

What do you mean?
Moving money from one country to another does not make anyone rich.

i mean buying currency in one country and then selling it for higher price in another wouldnt it be possible then to get some money?
legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
January 30, 2015, 10:02:23 AM
#49
I wouldn't risk to make such a large transaction with cash. For that kind f money, some people could try to set up a fake wallet...

how would a fake wallet work then assuming the deal is done in person at a police station
 or in a bank etc to negate the risk of robbery by either party ?

When you have a briefcase full of cash, a police station is the last place you want to go. There's a 100% probability your money would be seized. Even a bank isn't safe. In most countries nowadays, banks aren't comfortable handling large sums of cash. Only Switzerland remains safe.


maybe they do  that where you live but in my country you are free to bring bundles of cash into a bank ,use the automatic counting machines and then give it to someone else etc and the police dont steal your money unless you have done something wrong and they can prove that  Cheesy

What I describe is the actual situation in the US, the UK, France, Italy... In several European Union countries, it's illegal to carry more than €10,000... sadly, that's the world we're living in. Most often, you see panels warning you about it at the airport. If you have more than €10,000 in your pocket, they must be declared upon arrival, meaning that if you get caught with a lot of "undeclared" cash, you'll be f*cked.


if it wasnt prevented wouldnt it lead to sending money nonstop from one country to the other to get rich fast?

What do you mean?
Moving money from one country to another does not make anyone rich.
sr. member
Activity: 378
Merit: 250
January 30, 2015, 08:39:55 AM
#48
Isn't it a trick to promote BitPlastic.com?  Wink
oh yeah just saw that he has its link in the sig. i think it would be bigger and more colorful if he tried to advertise it though
hero member
Activity: 616
Merit: 500
January 30, 2015, 07:52:53 AM
#47
Isn't it a trick to promote BitPlastic.com?  Wink
legendary
Activity: 1264
Merit: 1008
January 30, 2015, 07:18:58 AM
#46
if I had a briefcase with $250k in it and I wanted to buy bitcoins who would I talk to? or is that not even possible these days?

Another option is to slowly sell it off using escrow / darknet markets. 

legendary
Activity: 3080
Merit: 1688
lose: unfind ... loose: untight
January 30, 2015, 12:39:06 AM
#45
if I had a briefcase with $250k in it and I wanted to buy bitcoins who would I talk to? or is that not even possible these days?

Try BurtW, I hear he performs large cash trades with strangers.

Oops, too soon?

Yes - definitely too soon. You, sir, are a cad.
Pages:
Jump to: