Quote from: cxboyminer on December 02, 2013, 04:48:11 PM

I live in Hong Kong... Going back to HK from UK in 11 days time Cheesy

Quote from: AndrewWilliams on November 19, 2013, 05:13:10 PM

Quote from: sethsethseth on November 19, 2013, 09:32:55 AM

So to arbitrage, I need to first sell my coins in China, then buy them back outside China. If you know anything about any part of this plan that might help, please contribute.

To sell in China, I can either use an exchange like BTCChina, or sell for cash locally (localbitcoins?)

Once I have the CNY, I will either wire it to Hong Kong through a friend, or fly the cash to Hong Kong. I'm not sure what the rules are in order to be able to just wire straight from a Chinese bank account to my US/UK bank account or bitstamp. I'm a US citizen.

Once I have cash in Hong Kong, I will either wire it to Bitstamp, fly to someone anywhere in the world who will sell me a large volume of bitcoins at the Bitstamp rate, or convert the cash to gold 1oz pandas and hoard them because they are pretty and shiny.

Thanks for any advice.

Don't fly cash to Hong Kong, it's stupid. They have dogs that are trained to smell money at the airports.

Last thing you want is to be stopped when a dog picks it up and you are ushered to customs where they would detain you and take your money.

Agree. Even though Hong Kong is the safest place on earth (I LOVE HK), don't send money to HK via mail. It's dumb. It's not a smart idea to send money via mail to anywhere to be honest...

I love hong kong too, i went there all of Jan and a bit of Feb hopping around countries. It's the one place that I can truely wear a tshirt saying I love hong kong.

Have you been to marketplace and tried their sandwiches OMG! that sandwich is 2 meals and so nice, especially the thai chicken