crypto currency

[donald bathe]

what is the difference between offshore banking and cryptocurrency like bitcoin or something similar when vast amounts of money are needed to be deposited????? why would someone on this forum suggest that people move over to this type of currency rather than rely on offshore banking when its vast amounts of money like in the millions? what it the advantage of this type of currency rather than any type of offshore banking????? would there be an advantage to using this type of currency in a third world country rather than a first world nation instead???????? rsvp

 

[negon]

donald bathe said:
cryptocurrency like bitcoin
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The very best way to hide your money and make transactions large or small sums that go through total anonymous. They are unregulated and don't underlay any financial policies and for that reason most often banned by Banks and Financial institution.

In my opinion we need to support this at all costs because soon it is over to hide real money from the governments and the only leftover is Crypto Currencies like Bitcoin and other virtual unregulated money exchange services.

If you want to buy something anonymous you want to pay in Bitcoins, if you want to hide 2 million dollars, you want to exchange them into Bitcoins..

There is a risk to keep your money in Bitcoins which you can't ignore!

 

[JohnLocke]

Can only second @auric

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[donald bathe]

auric said:
The very best way to hide your money and make transactions large or small sums that go through total anonymous. They are unregulated and don't underlay any financial policies and for that reason most often banned by Banks and Financial institution.

In my opinion we need to support this at all costs because soon it is over to hide real money from the governments and the only leftover is Crypto Currencies like Bitcoin and other virtual unregulated money exchange services.

If you want to buy something anonymous you want to pay in Bitcoins, if you want to hide 2 million dollars, you want to exchange them into Bitcoins..

There is a risk to keep your money in Bitcoins which you can't ignore!
Click to expand...

so if someone has like 50 million or more, could they do it with bitcoin or not? rsvp

 

[negon]

Sure they could, I doub't you can get it exchange in one chunk but over some time it's well possible. Once you have the amount in Bitcoins it's easy to move around and buy stuff without anyone knowing what you are doing 🙂

 

[ImKing]

donald bathe said:
difference between offshore banking and cryptocurrency like bitcoin
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Total anonymity for crypto currency and almost no privacy with offshore banks any longer except with Cyprus banks that still hold the presure from Worldwide governments it seem.

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[moneymaster]

ImKing said:
Total anonymity for crypto currency and almost no privacy with offshore banks any longer except with Cyprus banks that still hold the presure from Worldwide governments it seem.
Click to expand...

What you mean by total anonymity is that we don't have to provide any ID (passport copy or driver license) to get an account to accept BitCoins?