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A comment on Bitcoin Futures Could Open the Floodgates for Institutional Investors. Parent comment

Re:Bitcoin Futures Could Open the Floodgates for Institution... by celticninja on Wednesday November 01, 2017 @03:41PM (#15604794)
I use localbitcoins to convert to my local currency, as a result I usually can make more cash as it is possible to sell to buyers at anywhere up to 5% above market rate and have the money in 48-72 hours. If I need the cash quickly I can sell at market rate and have the money in my bank within 24 hours usually.
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Re:Bitcoin Futures Could Open the Floodgates for Institution... by ghostbrainalpha on Wednesday November 01, 2017 @03:55PM (#15604896)
That's another good option, but I avoided mentioning it because getting 5% above market makes me worried you are assisting someone involved in money laundering.
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Re:Bitcoin Futures Could Open the Floodgates for Institution... by celticninja on Friday November 03, 2017 @12:59PM (#15620600)
Those sales tend to be small(ish) sums(<$1000) paid for in cash or bank transfer. i am not worried about money laundering at those levels. the danger of bitcoin for money laundering is blown out of all proportion in comparison to good old cash.
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