so somebody is offering me bitcoins ridiculously cheap. and he's probably trying to scam me. but it's too good of an offer, i have to see what's up.
how many confirmations is safe? (i'm buying 40btc)
i'm gonna meet him in a bank to be safe. and not gonna hand him any cash until i get the btc.
anything i should be concerned with?
Everything.
Confirm the source of bitcoins before you go there. Although there would be no way to trace the
BTC to you, I still wouldn't get involved in something where the seller is obviously dodgy.
Any person holding 40
BTC knows how much he can sell at. While getting quick cash can = discounted price, but the discount can't be unrealistic. If its a very big discount, do 2
BTC trades, amount you are willing to give up. Just FYI, the risk doesn't end just because you are meeting at the bank:
1- Meet at bank
2- Transaction goes smoothly, he transfers first.
3- Follows you back to home.
4- Takes
BTC kidnaps you because a guy willing to spend that money on bitcoin obviously has some more dough.
Would hope that doesn't happen, but I wouldn't go for such a transaction unless I have traded smaller amounts before and I am not in my own city. Meet at airport, do transaction. Get on a flight back home. Could still be followed but I am willing to take a smaller risk.
40btc is only 25k? what house doesn't have 25k worth of stuff. kidnapping me or following me home seems excessive, when any house has that amount and more.
(i don't live in a 3rd world country)