briefcase full of cash

[Kprawn]

In some countries, you will get a percentage of the "unclaimed" money, if you hand it in at the police station. It is sort of like a finders fee.

I would phone a local police station and ask them about that option, you have nothing to loose.

When you do it that way, you will most probably be taxed and it would be perfectly legal. Then you just go onto a exchange and buy some BTC.

But, that is just me.... I would rather do it the right way, than to constantly have to look over my shoulder, for whoever owned it or if I will be arrested for being in possesion of stolen "goods"

[enryk]

I think doing this with one person might be a problem, however approaching multiple people in denominations could work out.

[countryfree]

I wouldn't risk to make such a large transaction with cash. For that kind f money, some people could try to set up a fake wallet...

how would a fake wallet work then assuming the deal is done in person at a police station
 or in a bank etc to negate the risk of robbery by either party ?

When you have a briefcase full of cash, a police station is the last place you want to go. There's a 100% probability your money would be seized. Even a bank isn't safe. In most countries nowadays, banks aren't comfortable handling large sums of cash. Only Switzerland remains safe.

maybe they do  that where you live but in my country you are free to bring bundles of cash into a bank ,use the automatic counting machines and then give it to someone else etc and the police dont steal your money unless you have done something wrong and they can prove that 

What I describe is the actual situation in the US, the UK, France, Italy... In several European Union countries, it's illegal to carry more than €10,000... sadly, that's the world we're living in. Most often, you see panels warning you about it at the airport. If you have more than €10,000 in your pocket, they must be declared upon arrival, meaning that if you get caught with a lot of "undeclared" cash, you'll be f*cked.

[elephantas1]

I wouldn't risk to make such a large transaction with cash. For that kind f money, some people could try to set up a fake wallet...

how would a fake wallet work then assuming the deal is done in person at a police station
 or in a bank etc to negate the risk of robbery by either party ?

When you have a briefcase full of cash, a police station is the last place you want to go. There's a 100% probability your money would be seized. Even a bank isn't safe. In most countries nowadays, banks aren't comfortable handling large sums of cash. Only Switzerland remains safe.

maybe they do  that where you live but in my country you are free to bring bundles of cash into a bank ,use the automatic counting machines and then give it to someone else etc and the police dont steal your money unless you have done something wrong and they can prove that 

What I describe is the actual situation in the US, the UK, France, Italy... In several European Union countries, it's illegal to carry more than €10,000... sadly, that's the world we're living in. Most often, you see panels warning you about it at the airport. If you have more than €10,000 in your pocket, they must be declared upon arrival, meaning that if you get caught with a lot of "undeclared" cash, you'll be f*cked.

if it wasnt prevented wouldnt it lead to sending money nonstop from one country to the other to get rich fast?

[jbreher]

if I had a briefcase with $250k in it and I wanted to buy bitcoins who would I talk to? or is that not even possible these days?

Try BurtW, I hear he performs large cash trades with strangers.

Oops, too soon?

Yes - definitely too soon. You, sir, are a cad.

[hashman]

if I had a briefcase with $250k in it and I wanted to buy bitcoins who would I talk to? or is that not even possible these days?

Another option is to slowly sell it off using escrow / darknet markets. 

[tadakaluri]

Isn't it a trick to promote BitPlastic.com? 

[elephantas1]

Isn't it a trick to promote BitPlastic.com? 

oh yeah just saw that he has its link in the sig. i think it would be bigger and more colorful if he tried to advertise it though

[countryfree]

I wouldn't risk to make such a large transaction with cash. For that kind f money, some people could try to set up a fake wallet...

how would a fake wallet work then assuming the deal is done in person at a police station
 or in a bank etc to negate the risk of robbery by either party ?

When you have a briefcase full of cash, a police station is the last place you want to go. There's a 100% probability your money would be seized. Even a bank isn't safe. In most countries nowadays, banks aren't comfortable handling large sums of cash. Only Switzerland remains safe.

maybe they do  that where you live but in my country you are free to bring bundles of cash into a bank ,use the automatic counting machines and then give it to someone else etc and the police dont steal your money unless you have done something wrong and they can prove that 

What I describe is the actual situation in the US, the UK, France, Italy... In several European Union countries, it's illegal to carry more than €10,000... sadly, that's the world we're living in. Most often, you see panels warning you about it at the airport. If you have more than €10,000 in your pocket, they must be declared upon arrival, meaning that if you get caught with a lot of "undeclared" cash, you'll be f*cked.

if it wasnt prevented wouldnt it lead to sending money nonstop from one country to the other to get rich fast?

What do you mean?
Moving money from one country to another does not make anyone rich.

[elephantas1]

I wouldn't risk to make such a large transaction with cash. For that kind f money, some people could try to set up a fake wallet...

how would a fake wallet work then assuming the deal is done in person at a police station
 or in a bank etc to negate the risk of robbery by either party ?

When you have a briefcase full of cash, a police station is the last place you want to go. There's a 100% probability your money would be seized. Even a bank isn't safe. In most countries nowadays, banks aren't comfortable handling large sums of cash. Only Switzerland remains safe.

maybe they do  that where you live but in my country you are free to bring bundles of cash into a bank ,use the automatic counting machines and then give it to someone else etc and the police dont steal your money unless you have done something wrong and they can prove that 

What I describe is the actual situation in the US, the UK, France, Italy... In several European Union countries, it's illegal to carry more than €10,000... sadly, that's the world we're living in. Most often, you see panels warning you about it at the airport. If you have more than €10,000 in your pocket, they must be declared upon arrival, meaning that if you get caught with a lot of "undeclared" cash, you'll be f*cked.

if it wasnt prevented wouldnt it lead to sending money nonstop from one country to the other to get rich fast?

What do you mean?
Moving money from one country to another does not make anyone rich.

i mean buying currency in one country and then selling it for higher price in another wouldnt it be possible then to get some money?

[LiteCoinGuy]

Let me know when you are buying the coins as i expect market price to go up a little when you do that.

The market price would probably be unaffected by a cash transaction not done on an exchange.

do you realize that bitcoin has a market cap of 5 billion and even if you buy 1 million in btc the price would do nothing?


just go on coinbase and circle and buy.

[QuestionAuthority]

if I had a briefcase with $250k in it and I wanted to buy bitcoins who would I talk to? or is that not even possible these days?

Try BurtW, I hear he performs large cash trades with strangers.

Oops, too soon?

Yes - definitely too soon. You, sir, are a cad.

Undoubtedly, but I like to see it as finding the hidden humor in anything.

[jbreher]

if I had a briefcase with $250k in it and I wanted to buy bitcoins who would I talk to? or is that not even possible these days?

Try BurtW, I hear he performs large cash trades with strangers.

Oops, too soon?

Yes - definitely too soon. You, sir, are a cad.

Undoubtedly, but I like to see it as finding the hidden humor in anything.

Slapstick works because we all know the victim of the pratfall is not truly hurt. Pointing and laughing at the injured is not funny.

Frankly, I was surprised to read that from you.

[homeless hacker]

You would want to get in contact with either someone from LBC and/or a known big time vendor.

[QuestionAuthority]

if I had a briefcase with $250k in it and I wanted to buy bitcoins who would I talk to? or is that not even possible these days?

Try BurtW, I hear he performs large cash trades with strangers.

Oops, too soon?

Yes - definitely too soon. You, sir, are a cad.

Undoubtedly, but I like to see it as finding the hidden humor in anything.

Slapstick works because we all know the victim of the pratfall is not truly hurt. Pointing and laughing at the injured is not funny.

Frankly, I was surprised to read that from you.

But who hurt him? Someone here? His friends and family? When Jim Carrey shoots himself in the foot it's funny because he did it in a moment of stupidity. If someone else shot him it wouldn't be so funny. That's the nature of slapstick. Burt definately shot himself in the foot. He knew what he was doing, preached about doing it right and then he did it wrong. Pure slapstick.

[troleybüs]

Have you bought Bitcoins yet or are you doing a research for future purposes?

[countryfree]

I wouldn't risk to make such a large transaction with cash. For that kind f money, some people could try to set up a fake wallet...

how would a fake wallet work then assuming the deal is done in person at a police station
 or in a bank etc to negate the risk of robbery by either party ?

When you have a briefcase full of cash, a police station is the last place you want to go. There's a 100% probability your money would be seized. Even a bank isn't safe. In most countries nowadays, banks aren't comfortable handling large sums of cash. Only Switzerland remains safe.

maybe they do  that where you live but in my country you are free to bring bundles of cash into a bank ,use the automatic counting machines and then give it to someone else etc and the police dont steal your money unless you have done something wrong and they can prove that 

What I describe is the actual situation in the US, the UK, France, Italy... In several European Union countries, it's illegal to carry more than €10,000... sadly, that's the world we're living in. Most often, you see panels warning you about it at the airport. If you have more than €10,000 in your pocket, they must be declared upon arrival, meaning that if you get caught with a lot of "undeclared" cash, you'll be f*cked.

if it wasnt prevented wouldnt it lead to sending money nonstop from one country to the other to get rich fast?

What do you mean?
Moving money from one country to another does not make anyone rich.

i mean buying currency in one country and then selling it for higher price in another wouldnt it be possible then to get some money?

Difficult.

It's certainly possible to go to China with US dollars, to sell them above market rate, but you'll get Chinese Yuans which nobody wants outside China. So you may want to exchange that Chinese cash for BTC before you leave, but that doesn't easy. It's probably worth trying, though I wouldn't do it myself.

[koelen3]

BUy it from different exchange and different people , if possible from different country's

[Grand_Voyageur]

I wouldn't risk to make such a large transaction with cash. For that kind f money, some people could try to set up a fake wallet...

how would a fake wallet work then assuming the deal is done in person at a police station
 or in a bank etc to negate the risk of robbery by either party ?

When you have a briefcase full of cash, a police station is the last place you want to go. There's a 100% probability your money would be seized. Even a bank isn't safe. In most countries nowadays, banks aren't comfortable handling large sums of cash. Only Switzerland remains safe.

maybe they do  that where you live but in my country you are free to bring bundles of cash into a bank ,use the automatic counting machines and then give it to someone else etc and the police dont steal your money unless you have done something wrong and they can prove that 

What I describe is the actual situation in the US, the UK, France, Italy... In several European Union countries, it's illegal to carry more than €10,000... sadly, that's the world we're living in. Most often, you see panels warning you about it at the airport. If you have more than €10,000 in your pocket, they must be declared upon arrival, meaning that if you get caught with a lot of "undeclared" cash, you'll be f*cked.

if it wasnt prevented wouldnt it lead to sending money nonstop from one country to the other to get rich fast?

What do you mean?
Moving money from one country to another does not make anyone rich.

i mean buying currency in one country and then selling it for higher price in another wouldnt it be possible then to get some money?

In many countries doing so could be represented as money smuggling due to being illegal to contraband currencies. How much premium could you be able to extract from partners to be worth the risks?

[BillyBobZorton]

I would absolutely return a briefcase full of cash to the owner/police, but a briefcase full of usbs with bitcoin wallets full of bitcoins? then my friend i would be more tempted to hold that briefcase.