Re: Selling About 100k USD worth of Bitcoins Daily at live market rate - Singapore s
That is a lot of money out there imagine 100 USD worth of bitcoin in our country that would be 100k/100,000 x 52 (the value of dollar to our currency) 5,200,000.00. It could buy a house and lot plus a brandnew luxury car. Girls will be gone crazy with you and you have all the drinks and party for one week or in a month. That is a very good holding of bitcoin you have there and I hope that bitcoin or money could be put into good use. Anyway that is your investment and we all have different kinds of priorities in life. Let me take this opportunity to make a piece of advise with your bitcoin holdings, better save your money from the profit and make a percentage to invest again in bitcoin and make another gainful transactions and lastly help other members here in our forum if you have some extra time and fortune.
That's what the entire post was about.
The rest was all about how to squander money on "a brand new house and car, girls gone crazy, drinks and parties for a week or a month". Having shared with you those priorities in his life, he then graciously takes the opportunity to advice you how to financially manage your life.
I'm guessing that would be someone from the Philippines, given 5,200,000 pesos being the rough equivalent of 100k USD.
Please note that I will only release the BTC escrow once the funds are in my account, as bank wires can be cancelled/reversed if the funds have not gone through. Please acknowledge this before you decide to trade with me. I will not release the escrow after you've made the wire instruction, but only after the funds have gone through. So you should check with your bank how long roughly for the transaction to go through. That's why I've been asking where you are based.
Yes, that's a very important part of the transaction process. I will repeat what I posted on another thread:
Just like the back of our hand, we all know (and must always remember) that bitcoin is irreversible while a bank transfer can be recalled if circumstances warrant it:
The ability of an originator (or the sending bank) to recall a wire hinges primarily on whether or not the payment order has been accepted by the receiving bank. That principle applies to both domestic and international wires.
Knowing this, even if the transferred funds are credited to your account, check and double check that they are cleared (spendable) funds. If the sending bank sends a Stop Payment Order to the receiving bank on the SWIFT MT492 system while final credit is pending or being processed, that money will be reversed and if you already sent the coins, you know what that means.
- Engage a trusted escrow to hold the coins and
- Wait for funds to fully clear and reflect as POSITIVE available balance on your account with no holds whatsoever.
Never send or release coins based alone on screen shots, pics of receipts or similar proof of payment. Wait for cleared funds to appear on your bank account.
Please use a trusted escrow with an established and solid presence on this forum. Contact that escrow directly on the escrow thread or profile page. And most importantly, rely solely on instructions sent directly by the escrow. If the person you are transacting with requests you to provide your email address, ignore it or treat it as a red flag. The purpose is usually to send you a spoofed version of the escrow's email instructing you to deposit coins to a BTC address. When contacting the escrow, ensure and ascertain that the profile or thread is the genuine website and not a spoofed or fake website.