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Title: I would like to make money helping others cash in their bitcoin profits Post by: atlantamom on June 21, 2016, 08:55:07 PM I know of several individuals in several states that are paid a fee to assist
individuals with cashing in their bitcoins. I too would like to make money this way. Has anyone heard of this process? Thanks The bitcoin profits are loaded to a debit card and pulled off Title: Re: I would like to make money helping others cash in their bitcoin profits Post by: --Encrypted-- on June 21, 2016, 09:10:49 PM you'll need to be a little more specific on this assisting process. are you going to sell their bitcoins for them or act as a mediator between the seller and the buyer or what?
Title: Re: I would like to make money helping others cash in their bitcoin profits Post by: MingLee on June 21, 2016, 09:16:01 PM you'll need to be a little more specific on this assisting process. are you going to sell their bitcoins for them or act as a mediator between the seller and the buyer or what? It sounds more like he wants to start his own exchange, which could potentially work if he does it the right way. It might be being an intermediator and helping people exchange their Bitcoins, I'm not sure.It might be a good service if there are people around him that would be interested in exchanging for or getting into Bitcoin, but I don't know what else he could potentially be doing with his idea. Title: Re: I would like to make money helping others cash in their bitcoin profits Post by: mobnepal on June 21, 2016, 09:16:56 PM You can simply buy low and sell high with your local currency through localbitcoins or through social media with 10% or more in margin between the bitcoin price. But you need to have some funds to do this business, i am doing this in my country.
Title: Re: I would like to make money helping others cash in their bitcoin profits Post by: partysaurus on June 21, 2016, 09:20:05 PM You can simply buy low and sell high with your local currency through localbitcoins or through social media with 10% or more in margin between the bitcoin price. But you need to have some funds to do this business, i am doing this in my country. is it possible to earn a decent sum from doing this? Title: Re: I would like to make money helping others cash in their bitcoin profits Post by: countryfree on June 21, 2016, 09:25:01 PM so you want to be the middleman taking his cut when 2 people are doing business unrelated to you? Just like the mafia, right? Most governments also operate this way, their agents are called tax men. They bring in a lot of money.
Title: Re: I would like to make money helping others cash in their bitcoin profits Post by: mkc on June 21, 2016, 09:28:47 PM Are you talking about mixing service?
Title: Re: I would like to make money helping others cash in their bitcoin profits Post by: franky1 on June 21, 2016, 09:30:07 PM i think the OP is on about being listed on localbitcoins.com where people sell the bitcoins to him at a price that ensures he gets a couple % profit
Title: Re: I would like to make money helping others cash in their bitcoin profits Post by: AgentofCoin on June 21, 2016, 09:32:32 PM I know of several individuals in several states that are paid a fee to assist individuals with cashing in their bitcoins. I too would like to make money this way. Has anyone heard of this process? Thanks The bitcoin profits are loaded to a debit card and pulled off That is called being an "exchange" or a "money exchanger" and depending on the state that you do this business, may be considered a "money transmitter". It is important to research the laws within the state you wish to do this business so that you are not arrested/fined for being an unregulated exchange or transmitter. The reason why you will be considered such, is because you are taking a fee, as well as other reasons (non-in person p2p trades are illegal transmission), depending on your state. In addition, since you are a new account, with a user name such as you have, I assume you are a dummy account to give the signature campaigners somewhere new to post, and as such, do not expect to hear from you again in this thread or others. |