Bitcoin Forum

How to transfer USD$4 Million from USA to Malaysia using Bitcoin mechanism.

Deposit $4million in an exchange, buy bitcoin, probably crash the market. Then take that bitcoin send it to a bitcoin address in malaysia. Your done, or you can put it on a paper wallet and send it/bring it to malaysia.

In small chunks only. If u try to buy 4m worth coins u'll pump the price. After u try to sell 4m worth coins u'll dump the price. Don't be surprised if u get only 2m in Malaysia.

Better yet.. Buy 4m worth of bitcoins, and when in malaysia.. USe the bitcoins directly!

Unfortunately you cannot do this during a small time fraction because of the little bitcoin market. You could take private deals, but it won't solve the problem directly.
Start with 400k and see how much arrives.

Will there be no problem with taxes when BTC is converted to fiat and withdrawn?

Are u kidding? The guy is obviously a drug baron or a terrorist leader. He doesn't care about taxes for sure.

Thé cyber police should backtrace him!

Hey don't judge him just because he appears to have access to 4m.

No! Bitcoin is worth so much only coz guys like him use it. Don't u want to dump the price?

Get all the local traders of bitcoin in Malaysia. Tell them you when to cash out whatever they have. It might not reach 4 million though.

If you already have the bitcoins, its easy. Just send them to the right bitcoin address. If you don't, you just need to buy 4mm worth of coins (on mtgox, bitstamp, tangible cryptography, etc) and you will then need buyers of bitcoins in malaysia.

Actually I think that's wrong. He buys 4mn worth of BTC on market in one go, pumps price to about 80+, creates second wave of mania, starts selling in 1-300k daily chunks next week from Malaysia, gets out during the course of about a month for a net profit of 1mn minimum.

Pretty solid way to play a superbull market like BTC.

Buy $4m in Avalon ASICs and have them delivered to Malaysia, mine back the Bitcoins, or sell shares in your Bitcoin farm.
If anyone asks what you're doing, you're creating a Bitcoin hedge fund. ;)

The guy may want to manipulate Bitcoin exchange too by saying that kind of things

I afraid there is not enought off-exchange liquidity to cash out $4m in Malaysia yet.

You will need to find a number of "drops" in Malaysia - people/companies with bank accounts, who will receive thansfers from exchanges/buyers and cash out for you.
You just need to buy Bitcoins and sell them anywhere in the world, receiving international transfers to your Malaysian drop's accounts.

If you will be buying on main exchanges supporting uptrend and selling on off-exchange market (OTC, LocalBitcoins etc), you can reduce your loses or even get more at the end.

Then you don't need Bitcoin. Just transfer the money to you drop's accounts.

now that is a big amount. I'll see if I can help..

*How to transfer large SUM of money using bitcoin

That is all