If you had suddenly 500 BTC - page 12.

Zeta0S

legendary

Activity: 1890

Merit: 1031

Quote from: Curious8 on July 03, 2016, 12:38:28 PM

How would you transfer the btc to your bank account without making the Banks / OECD / ask questions?

And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house..
What would you do ?

I would send it to the real Genesis Block

Curious8

full member

Activity: 215

Merit: 100

Quote from: devil11 on July 03, 2016, 01:29:29 PM

Quote from: n691309 on July 03, 2016, 01:21:55 PM

Quote from: Curious8 on July 03, 2016, 01:01:45 PM

Quote from: n691309 on July 03, 2016, 12:50:58 PM

Quote from: Curious8 on July 03, 2016, 12:38:28 PM

How would you transfer the btc to your bank account without making the banks / OCED ask questions?

Hiring 250 people and then send they the money to you but it will still be noticeable if this happens at the same time with the same amount of withdrawal to the banks. Maybe buying something else withdrawing time by time not all in once etc.

This is not smart at all. too many people work with you, easy to track you down.

Well I don't know what is the source of these bitcoins but if it is legal then i wouldn't worry to much. Maybe up to 3k per person should not make your bank ask what you are doing or anything else. You can sell them for cash locally in your city or country and not being noticed. Also you can buy hardware things and then resell them.

The best and safe from all is that you should buy some things like computers accessories, mobiles etc. if you like it. Then sold it locally. And the remaining you can transfer to your bank account and cash it out. Also you use it in trading if you want to grow your amount. I think so you cannot now be noticed by anyone except from one whom you told this !

But to sell in those stocks you need to be legitimate business and provide invoices..
this not good idea.

devil11

sr. member

Activity: 398

Merit: 250

Quote from: n691309 on July 03, 2016, 01:21:55 PM

Quote from: Curious8 on July 03, 2016, 01:01:45 PM

Quote from: n691309 on July 03, 2016, 12:50:58 PM

Quote from: Curious8 on July 03, 2016, 12:38:28 PM

How would you transfer the btc to your bank account without making the banks / OCED ask questions?

Hiring 250 people and then send they the money to you but it will still be noticeable if this happens at the same time with the same amount of withdrawal to the banks. Maybe buying something else withdrawing time by time not all in once etc.

This is not smart at all. too many people work with you, easy to track you down.

Well I don't know what is the source of these bitcoins but if it is legal then i wouldn't worry to much. Maybe up to 3k per person should not make your bank ask what you are doing or anything else. You can sell them for cash locally in your city or country and not being noticed. Also you can buy hardware things and then resell them.

The best and safe from all is that you should buy some things like computers accessories, mobiles etc. if you like it. Then sold it locally. And the remaining you can transfer to your bank account and cash it out. Also you use it in trading if you want to grow your amount. I think so you cannot now be noticed by anyone except from one whom you told this !

n691309

legendary

Activity: 1526

Merit: 1001

Quote from: Curious8 on July 03, 2016, 01:01:45 PM

Quote from: n691309 on July 03, 2016, 12:50:58 PM

Quote from: Curious8 on July 03, 2016, 12:38:28 PM

How would you transfer the btc to your bank account without making the banks / OCED ask questions?

Hiring 250 people and then send they the money to you but it will still be noticeable if this happens at the same time with the same amount of withdrawal to the banks. Maybe buying something else withdrawing time by time not all in once etc.

This is not smart at all. too many people work with you, easy to track you down.

Well I don't know what is the source of these bitcoins but if it is legal then i wouldn't worry to much. Maybe up to 3k per person should not make your bank ask what you are doing or anything else. You can sell them for cash locally in your city or country and not being noticed. Also you can buy hardware things and then resell them.

hawkins

hero member

Activity: 1204

Merit: 500

it would be very surprising. I guess I would be a rich man, Cool

Well, if I suddenly have a bitcoin that much, I'll probably build a business everywhere, so that I can live with ease, but my income keeps going. it was the best thing I can do

Curious8

full member

Activity: 215

Merit: 100

Quote from: n691309 on July 03, 2016, 12:50:58 PM

Quote from: Curious8 on July 03, 2016, 12:38:28 PM

How would you transfer the btc to your bank account without making the banks / OCED ask questions?

Hiring 250 people and then send they the money to you but it will still be noticeable if this happens at the same time with the same amount of withdrawal to the banks. Maybe buying something else withdrawing time by time not all in once etc.

This is not smart at all. too many people work with you, easy to track you down.

n691309

legendary

Activity: 1526

Merit: 1001

Quote from: Curious8 on July 03, 2016, 12:38:28 PM

How would you transfer the btc to your bank account without making the banks / OCED ask questions?

Hiring 250 people and then send they the money to you but it will still be noticeable if this happens at the same time with the same amount of withdrawal to the banks. Maybe buying something else withdrawing time by time not all in once etc.

Sir Alpha_goy

sr. member

Activity: 448

Merit: 250

Good luck.

So much for a new paradigm when you still need the old paradigm to use it.

OmegaStarScream

staff

Activity: 3500

Merit: 6152

There is different possibilities , It may be a huge amount but If you split them you will be just fine.

1. Selling some hand to hand with someone from LocalBitcoins
2. Adding some to different Bitcoin credit card providers (some to CoinsBank , some to E-coin , some to Advcash) and withdraw.
3. Trade some to your Paypal and withdraw them to your Bank account.

etc... there is a lot of possibilities honestly . I would worry more about getting 500 BTC in the first place rather then worrying about how to cash them out. Grin

Divinespark

hero member

Activity: 938

Merit: 501

Localbitcoins into cash via many f2f deals with different guys. Then slow introduction into economy through gradual spends. I would not move the money into the banking system at all

cryptoheadd

hero member

Activity: 1036

Merit: 501

Quote from: Curious8 on July 03, 2016, 12:38:28 PM

How would you transfer the btc to your bank account without making the banks / OCED ask questions?

Why would you want to convert those BTCs to fiat?
Just buy what you want with Bitcoin.

Adriandmen

sr. member

Activity: 292

Merit: 251

Telegram: @Adriandmen

Maybe in portions of 5 BTC?

Or just throw in into a tumbler and just cash out. What are the banks going to do about it Tongue

...

Curious8

full member

Activity: 215

Merit: 100

How would you transfer the btc to your bank account without making the Banks / OECD / ask questions?

And even if you get cash from localbitcoins someday the efforoties may ask you from where this car or how you bought this house..
What would you do ?

Topic: If you had suddenly 500 BTC - page 12. (Read 6398 times)