Topic: I have around 8000 BTC,but my country are too small cap to cash out - page 6. (Read 1483 times)

I didn't notice the Malaysia part.   ANY Malay would know that their solution is right next door in Singapore.   Super easy.    You can even just use May Bank to hook up to Coinhako.   You wouldn't want to do an all at once transaction, but again, anyone with experience in this field would probably already know this.

If you HODL for a few more months, the demand for BT will increased and then you can sell. If you sell now, you will lose lots of gain.

This is what I'm thinking too. Chances are very high, but really very high, that the guy is just trolling. And people giving him advise are just talking to themselves.

I think i heard about this situation already last year but i just don't remember when but anyway your scenario is very simple . In cash as much as your local exchange can afford then you will become a rich man in Malayasia then you go to USA as a tourist then convert your btc their to US dollars in legal way in which you could afford to hire a lawyer to assist you for your all documents needed.

Anyone with this sum of coins in my experience wouldn't have to ask this question.  

But for anyone else who might need to know:   simply:  1) Google the nearest country with exchanges that allow non-resident accounts and also bank accounts that allow non-resident accounts     

Um, well, that's it.  It's a one step solution.   At most, you might have the inconvenience of having to fly there to open the bank account in person, but there's no problem with that since you have 72 million.   Maybe you can find a cheap ticket on Air Asia or Ryan Air, LOL.

That is a huge amount so be careful. Scammers will be on your way now lol Well about your problem, that would be hard but i suggest why not sell it partially like sell 1k bitcoin today then next week sell another 1k bitcoin. That is also a problem here in my country since we only have 1 trusted btc wallet and they can't even cater 10 btc.

that's a huge amount. You should be careful in the way you trade. There will be a lot of scammers paying attention to you. Look carefully at safe trading practices and do not believe when someone offers help without asking for benefits

right
just find a way to withdraw small amount each day or so, why the hell you wanna cash out all ?  some people gonna try to steal   or worse you die ?

You need to get into darknet territory where you're going to pay a fee to get into deepweb area's where you will be able to change those into tangible metals which then you will have success selling.  The people that will exchange those into tangible precious items are dangerous to say the least.




That being said... I have helped facilitate large transfers (100+) BTC several times in my life (two involving third party armed escrow).. I can tell false preachers from prophets, this isn't how, even an ignorant person with a sum that large, would approach a forum full of opportunists.






That's not to say this couldn't happen to others... and if you happened upon something of this nature you would want to facilitate 20btc-100btc sales "AS NEEDED" through, not only buyer hunter services, but also insured escrow agents (as needed) that can provide you help and security.  If you don't think people have died trying to make these transfers you're smoking crack. 

even this happens? take off a little and leave your little town and live to the fullest

I don’t think there’s an otc investor in the world that would buy that much coin at these prices. I hooked up with a friend I met at a meetup in San Francisco that introduced me to a buyer. I sold him 2000btc but the price was much lower then. That’s also way over the ability of any exchange currently operating. I can’t imagine any exchange has 100 mil in reserves at any bank anywhere. Exchanges require buyers to cover the costs of sellers. They mainly hook you up with buyers and act as an intermediary (for a fee). You would need to sell off slowly at multiple exchanges to do it.

8000 is too big for the market in one time of cash out. One warning for you is you'd better not cash out in one time. There are several ways you can go.
1. Make it several stages spanning a time line like one month or one quarter.
2. Spread it to several people that you trust. Let them cash out individually.
3. Cash out in several exchanges.
4. If you are not confident with the price of BTC, then you can temporarily transfer to USDT. With usdt, you can secure the value of your btcs.

And, it is better not to make yourself a target. Try to hide your identify because it is a lot of money.

Wish you all the best. Hope you can also donate some to people who are in great trouble.

Although it might not be, I am 100% certain this is a scam. If you live in malaysia then you must know how to trade your bitcoin as you bought it in the first place, and there were no exchanges available in malaysia in the early stages of bitcoin. There is no way you were able to purchase 8000 btc back then and not know what to do with it. Secondly there are only a few adresses on the Bitcoin rich list with around 8000 btc on them and all of them have withdrawn btc in the last two years, now it is possible that you held bitcoin in different wallets but it is unlikely and it would further establish my point of how well you know the system.

Cash and Tax goes together, however here is a wild and crazy idea.  Perhaps tons of gold from a respectable dealer.  1KG is worth about 41,000 USD or bit more.  Your go from one storage of wealth to another and diversify your portfolio.

It looks like most of the people believe his story though - of course everything is possible, but the story sounds too surreal. He speaks about cashing out in the US, which probably is another bad idea.

i don't think he's that stupid and besides, he doesn't have to prove anything and we don't have to believe him either.

Open your eyes!
There are actually 3 accounts on thet page that DO match that description.
8021BTC, 8000BTC and 7941BTC One of them last touched in 2013, another in 2009 and third in 2010

And the OP did not even say that his coins would be in one wallet.

PS: Yep, I do not believe him either, but anything IS possible.

Dude first of all congrats! Now for your problem, you will have to do it small amounts at a time. LIke make yourself a monthly payout of 0.5 btc? So that your local exchanges can replenish their funds. Now do this for life. If you plan on exchanging everything in one go, I don't know about your country, but with that huge amount of money you will get reported one way or another if it reaches any banks. Then you'll have a lot of explaining to do that it didn't come from terrorist or money laundering. Privacy out the window. That's my opinion. Good luck!

I doubt he is true with his words. Above all, he is a newbie, if you are in the crypto space for that long, you should've at least have had an older account.
Plus, 8000 BTC? I wouldn't brag about it on this forum.

If you withdrew 8000BTC all at once you'd crash the market for awhile. You'd lose a lot of money in the process. You need to sell in chunks on various exchanges. You can even transfer your Bitcoin to other coins and cash them out as well. It may take time, but getting 100 million all at once is a bit extreme.

Hey, if what you are saying is true, you could send me BTC and I will withdraw the money for you. You can send me small amounts and I will move it to some service like PayPal and send it over to your account. If I keep 0.6% of the money you send me each time this will equate to 50BTC once we do this with all your 8000BTC. You can send me a single Bitcoin in the first transaction to establish trust, then we can grow the amount you send gradually.

Naturally, as a complete stranger it would be unwise to trust me without reason.

With gradual sending, I have no incentive to cheat you. If I run off with the first Bitcoin I miss out on an opportunity to make 50Btc. Eventuallly the amounts you send would exceed 50BTC, but at that point hopefully we would establish enough trust to not screw eachother. If I had 50BTC I would be wealthy enough to retire and I have no desire of double crossing a multi millionaire. I'd also have to answer to all the legal proceedings if I was to cheat you. The government would want to know how I came accross so much Bitcoin. If my actions were unfair I'd face criminal prosecution. So you can trust me to do the right thing.

If you are interested PM me. I will provide you an address to which you can send to. Provide me with a Paypal email that I can send to you. If Paypal is unavailable I'm sure there is another way I can get money to you.