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Topic: [Invest] Need 1 BTC to start IRL money exchanges - page 2. (Read 1204 times)

newbie
Activity: 8
Merit: 0
Its the withdrawal fees that concerns them, they want to see what ends up in the bank after cashing out 1 btc, and based on that they will have to calculate how much they can sell/buy btc at, considering the amount of time it takes to confirm and the amount of value that might change.

Regarding scam - I mentioned in the 1st line that I'm not sure if and when i can pay back, but 1 btc or 0.5 btc wont make me rich you know...
I do expect at least 10k USD of income if they are convinced, and in such case ofc i wouldn't have a problem paying back.
If i did want to scam i would say yeah sure I'll pay back in a week blah blah blah and just disappear obviously...

I guess that i could buy 1 btc from my own pocket but I don't know if everything will go smooth or how long it will take to get things moving which is the main problem for me right now.

I can also pay back in LTC or convert LTC to BTC once a week but it depends on the interest rate...
legendary
Activity: 1876
Merit: 1303
DiceSites.com owner
Not sure if trolling or very bad scam attempt.

But just in case... You know you can buy fractional bitcoins for like 2 dollars worth and still show them how a transaction works, right?
KWH
legendary
Activity: 1904
Merit: 1045
In Collateral I Trust.
Anyone?

Would it help if i pay back a part every week?


It would help if you had collateral. Also you could do that with a very small amount.
newbie
Activity: 8
Merit: 0
Anyone?

Would it help if i pay back a part every week?
newbie
Activity: 8
Merit: 0
Yeah i guess, mainly need to show and explain the process, check out the fees associated with sending and withdrawals, and later do some tests if I launch a system for them.

If everything works out well I'm sure I'll be able to pay back once they start working with BTC Smiley
cp1
hero member
Activity: 616
Merit: 500
Stop using branwallets
Would you settle for 0.5 BTC?
newbie
Activity: 8
Merit: 0
I should start by saying that i don't know when i will be able to pay back.

I need 1 btc (value doesn't matter) in order to prove and show a technophobic owner of a large foreign currency exchange chain owner in the middle east how bitcoin works, what are the transaction fees and which withdrawal fees are associated with cashing out.

The idea is simply to make him and his associates understand and see for their eyes how the process works as they are skeptic.
After that and if they are happy, setup a system for calculating exchange prices, automatically trading and easily buying/selling btc to and from people visiting the exchange places.

If it all works out well i will be happy to return the btc and/or its parts to whoever is generous enough to help me out here,
and besides i think that a large chain of foreign currency exchange accepting BTC as coin might even move the price up a bit anyways  Roll Eyes

Thanks

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