#asknostr #bitcoin
Asking for a friend, a hypothetical with round numbers...
If someone were to sell bitcoin that is in cold storage for ~£100k after some more pumps to buy something, like home improvements: extension, loft extension, landscaping a garden etc...
What way would you recommend doing it?
- Taking a collateral loan is both difficult in the UK and way too risky.
- p2p exchanges: not sure what issues you could face and whether to be concerned about bank account terminations if they suspect something or ask what the money is from and you say bitcoin (also you'd be doxxing the buyer as a bitcoin owner). Also how many trades would you need to make and is there a size of trade that is just too dangerous?
- Exchanges: will the bank block large transfers FROM an exchange? I hope they'd be more lenient towards deposits compared to withdrawals from your bank account. Also is £100k too much?
- OTC: what is it, can any pleb use this or is it a gentlemens club?
- Other options?
Big Barry Bitcoin
npub1pk…tpxa6
2024-11-16 22:38:29
Author Public Key
npub1pktmatjk0l8vn3jhfuwxaasjd65kn4ye9sce3egup7k993f8fg2q5tpxa6Published at
2024-11-16 22:38:29Event JSON
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"pubkey": "0d97beae567fcec9c6574f1c6ef6126ea969d4992c3198e51c0fac52c5274a14",
"created_at": 1731796709,
"kind": 1,
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"content": "#asknostr #bitcoin\n\nAsking for a friend, a hypothetical with round numbers...\n\nIf someone were to sell bitcoin that is in cold storage for ~£100k after some more pumps to buy something, like home improvements: extension, loft extension, landscaping a garden etc...\n\nWhat way would you recommend doing it?\n\n- Taking a collateral loan is both difficult in the UK and way too risky.\n\n- p2p exchanges: not sure what issues you could face and whether to be concerned about bank account terminations if they suspect something or ask what the money is from and you say bitcoin (also you'd be doxxing the buyer as a bitcoin owner). Also how many trades would you need to make and is there a size of trade that is just too dangerous?\n\n- Exchanges: will the bank block large transfers FROM an exchange? I hope they'd be more lenient towards deposits compared to withdrawals from your bank account. Also is £100k too much?\n\n- OTC: what is it, can any pleb use this or is it a gentlemens club?\n\n- Other options?",
"sig": "216a747feda0140d7e77e551c383d1b375e3b32ccaa8b27ca9d50366b98502cafd9812ae24c750765cd38c10b0bffe72c488089cafa92f0af3293f1ad28fedf4"
}