|
bornforfreedom (OP)
|
 |
July 14, 2014, 06:14:21 AM |
|
Will pay cash.
SF,Chicago -10BTC min
Everywhere in US - 30 BTC min
I have very good feedback on Localbitcoins.
Please PM
|
|
|
|
|
|
|
|
|
|
|
|
According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
ashish12
Sr. Member
 Offline
Activity: 353
Merit: 250
BITCOIN
|
|
July 14, 2014, 07:37:56 AM |
|
only cash or any other mode of payment
|
|
|
|
|
|
Sydboy
|
|
July 14, 2014, 10:26:17 AM |
|
telling some random person on the internet you are going to meet them with $50k cash might not end well.
you might want to think your strategy. people have killed for way way less.
stay safe people! stay safe.
|
|
|
|
|
kashish948
Legendary
Offline
Activity: 1596
Merit: 1000
|
|
July 15, 2014, 08:34:52 AM |
|
Can I get ur localbitcoin profile? With some proof and not just the link?
|
|
|
|
|
|
bornforfreedom (OP)
|
|
July 15, 2014, 11:02:13 AM |
|
telling some random person on the internet you are going to meet them with $50k cash might not end well.
you might want to think your strategy. people have killed for way way less.
stay safe people! stay safe.
I think if you meet in public place in downtown in major American city during day time has almost zero risk. I have heard stories but it was always involved some shady location and some weird time of the day. |
|
|
|
|
|
bornforfreedom (OP)
|
|
July 15, 2014, 11:12:19 AM |
|
only cash or any other mode of payment
I might consider something else. |
|
|
|
|
|
nitehawk
|
|
July 15, 2014, 11:17:28 AM |
|
telling some random person on the internet you are going to meet them with $50k cash might not end well.
you might want to think your strategy. people have killed for way way less.
stay safe people! stay safe.
I think if you meet in public place in downtown in major American city during day time has almost zero risk. I have heard stories but it was always involved some shady location and some weird time of the day. ive also heard of people getting arrested for doing just this same thing ( something about money transmitter ) |
|
|
|
|
LouReed
|
|
July 15, 2014, 04:35:28 PM |
|
telling some random person on the internet you are going to meet them with $50k cash might not end well.
you might want to think your strategy. people have killed for way way less.
stay safe people! stay safe.
I think if you meet in public place in downtown in major American city during day time has almost zero risk. I have heard stories but it was always involved some shady location and some weird time of the day. ive also heard of people getting arrested for doing just this same thing ( something about money transmitter ) +1! Will you be following FINCEN requirements? If not, I would be VERY careful when making a trade like this, (buyer or seller) you could get yourself in a world of shit REAL quick! Federal law requires financial institutions to report currency (cash or coin) transactions over $10,000 conducted by, or on behalf of, one person, as well as multiple currency transactions that aggregate to be over $10,000 in a single day. These transactions are reported on Currency Transaction Reports (CTRs). The federal law requiring these reports was passed to safeguard the financial industry from threats posed by money laundering and other financial crime. To comply with this law, financial institutions must obtain personal identification information about the individual conducting the transaction such as a Social Security number as well as a driver’s license or other government issued document. This requirement applies whether the individual conducting the transaction has an account relationship with the institution or not. |
|
|
|
|
|
Benjig
|
|
July 15, 2014, 05:34:27 PM |
|
why dont you just buy them in coinbase, your bank dont allow it?, i think you can found someone here or in localbitcoins but if you dont, try on coinbase.
|
|
|
|
|
DannyHamilton
Legendary
Offline
Activity: 3388
Merit: 4615
|
|
July 15, 2014, 06:09:14 PM |
|
I'm in the Chicago area.
I don't really need the cash right now and am not looking to exchange my bitcoins at the current market rate, but if you're willing to pay a premium for the convenience of exchanging cash locally in Chicago, I might be able to help.
I know a few sellers in the area that might be willing to sell 10 BTC or more at a rate somewhere around $700 per bitcoin.
For your minimum transaction size (10 BTC), I might be willing to sell at BitStamp + 10% (currently somewhere around $686).
Chicago is a pretty active on localbitcoins. If you have good feedback there, then why aren't you just buying the bitcoins there?
Chicago localbitcoins cornfeedhobo is currently advertising bitcoins for sale at $672 each for up to $50,000 worth.
Chicago localbitcoins NewJoe is currently advertising bitcoins for sale at $679 each, with no upper limit listed.
Chicago localbitcoins darakaye2 is currently advertising bitcoins for sale at $685 each for up to $9,000 worth.
I don't see an add on Chicago localbitcoins for anyone offering to buy $50,000 worth of bitcoins, nor do I see an add on Chicago localbitcoins for anyone offering to buy a minimum of $6300 worth, so clearly you haven't placed a localbitcoins ad in the Chicago area yet.
Place the ad, offer a competitive price, and you'll probably find a seller.
|
|
|
|
|
haploid23
Legendary
Offline
Activity: 812
Merit: 1002
|
|
July 15, 2014, 06:17:18 PM |
|
if you're willing to pay a premium for the convenience of exchanging cash locally in Chicago, I might be able to help.
Are you sure you want to meet face to face with this kind of cash amount? I personally would not do this transaction in person for security reasons. |
|
|
|
DannyHamilton
Legendary
Offline
Activity: 3388
Merit: 4615
|
|
July 15, 2014, 06:26:42 PM |
|
if you're willing to pay a premium for the convenience of exchanging cash locally in Chicago, I might be able to help.
Are you sure you want to meet face to face with this kind of cash amount? I personally would not do this transaction in person for security reasons. $6,860? I've done larger. I'm careful about security. |
|
|
|
|
|
Seanzqt
|
|
July 15, 2014, 07:26:49 PM |
|
You really need to be careful who you trade with, banks I know have to report any income to the Taxation Office here in Australia over $10,000. So to do this at $50,000 it an be risky, you can never tell if this is a person going to mug you or worse, but then again he could be from the IRS  |
|
|
|
|
|
KGambler
|
|
July 15, 2014, 08:22:45 PM |
|
My friend was going to do a similar deal. They were going to meet in a casino hotel. He had the room booked and everything. The noob bitcoin poster who wanted to pay in cash and was willing to travel... well it seems he works for the Secret Service.
Be careful Danny (and anyone else who is tempted). You might want to pay attention to the warnings.
|
|
|
|
|
|
Seanzqt
|
|
July 15, 2014, 08:31:45 PM |
|
My friend was going to do a similar deal. They were going to meet in a casino hotel. He had the room booked and everything. The noob bitcoin poster who wanted to pay in cash and was willing to travel... well it seems he works for the Secret Service.
Be careful Danny (and anyone else who is tempted). You might want to pay attention to the warnings.
 What is the rest of the story? |
|
|
|
|
DannyHamilton
Legendary
Offline
Activity: 3388
Merit: 4615
|
|
July 15, 2014, 08:42:26 PM |
|
My friend was going to do a similar deal. They were going to meet in a casino hotel. He had the room booked and everything. The noob bitcoin poster who wanted to pay in cash and was willing to travel... well it seems he works for the Secret Service.
Be careful Danny (and anyone else who is tempted). You might want to pay attention to the warnings.
Odd story. Why would the Secret Service care about an exchange of $6,800 for 10 bitcoins? I'm always careful. |
|
|
|
|
DannyHamilton
Legendary
Offline
Activity: 3388
Merit: 4615
|
|
July 15, 2014, 08:43:58 PM |
|
You really need to be careful who you trade with, banks I know have to report any income to the Taxation Office here in Australia over $10,000. So to do this at $50,000 it an be risky, you can never tell if this is a person going to mug you or worse, but then again he could be from the IRS That's okay by me. I report all my bitcoin income to the IRS and pay the appropriate taxes. I'm not interested in breaking any laws when it comes to usage of bitcoins. I make sure that all my activities are within the law and that all the necessary taxes are paid. |
|
|
|
|
|
Seanzqt
|
|
July 15, 2014, 08:44:12 PM |
|
Very odd, well you never know (secret service likes to know EVERYTHING) so they may as well like to know about this. I am always trying to fight off damn scammers, let alone the secret service  |
|
|
|
|
xetsr
Legendary
Offline
Activity: 1120
Merit: 1000
|
|
July 15, 2014, 08:56:37 PM |
|
My friend was going to do a similar deal. They were going to meet in a casino hotel. He had the room booked and everything. The noob bitcoin poster who wanted to pay in cash and was willing to travel... well it seems he works for the Secret Service.
Be careful Danny (and anyone else who is tempted). You might want to pay attention to the warnings.
How much was he selling... for the Secret Service to get involved? |
|
|
|
|
DannyHamilton
Legendary
Offline
Activity: 3388
Merit: 4615
|
|
July 15, 2014, 08:58:26 PM |
|
Very odd, well you never know (secret service likes to know EVERYTHING) so they may as well like to know about this. I am always trying to fight off damn scammers, let alone the secret service If the Secret Service wants to know about my bitcoin activities, they are welcome to give me a call. I'll happily sit down and discuss it with them over dinner (I assume they are paying?). While they're at it, I'd be absolutely thrilled if Illinois State Attorney General Lisa Madigan would give me a call. I've tried calling her office, as well as the office of Grundy County State's Attorney Jason Helland, the Illinois Department of Financial and Professional Regulation, and the office of Illinois State 75th District Representative John Anthony. I've been trying since February to get some information about operating a business involving Bitcoin in the State of Illinois, and I haven't been able to get any useful answers yet. |
|
|
|
|
|
