As it is really hard to get first merit from jet cash. Although It is not impossible for a good poster. I have seen here in form that some of our senior merited without any research on post history of the receiver. They merited for that particular post and judge the receiver from that post only which is not good for the forum. Because now the first merit becomes the most important one. After the introduction of demerit system every spammer wants the only first merit at any cost. For that they make some good posts for time being. So never ever transfer merit without a proper look at the previous history.
Why you are not searching your question in search box? Before starting a whole new thread check whether your question has being answered before or not this will prevent duplication. Your question had being answered several times before as in the following links.
OTC trading is something like independently exchange of your assets without any interference of middle man.We can also say it decentralized trading. OTC trading is secure as long as you follow some tricks like at first do not enter as buyer make some contact with those who have trade there and make some link with them.AT beginning do not trade with large amount that can lower your risk of losing.
This depends upon where you from and how much you are serious.Buying of such amount of BTC without or less experience leads you and your money in danger.But if you are serious and want to buy that much of BTC than simply go to any of those reputable OTC exchange (Genesis,Coinbase,etc) and transfer your Fiat they will give you BTC.
I think that both will work in parallel. Fiat money will be functional as long as government and their rule on state being exits.On the other hand cryptocurrency also puts his jaw in almost every sector of economy .So neither fiat nor crypto will die and both will work in parallel.