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OTCbid - Bitcoin poses a threat to the US dollar as trust erodes in the global financial system




" The traditional financial system is at the brink of extinction as more billionaires around the world add Bitcoin to their portfolios.

  • The cryptocurrency market continues booming as trust erodes for the world's reserve currency.

The growing level of interest in Bitcoin from high net worth individuals have become too significant to neglect. Although the pioneer cryptocurrency is at nascent stages, more investors are buying into the store of value narrative.

US dollar's woes are only beginning

The question about the need for the US dollar as a reserve currency has been on the minds of many thought leaders in the traditional financial space. The CEO of BlackRock, Larry Fink, believes that a decentralized digital currency poses a threat to the global financial system. " - Read Full Article


Source: FXstreet





100K+ BTC SELLER IN HONG KONG AVAILABLE

-6% Gross, -3% Net, B2B, T103/72, MT760 SBLC, T/T, HSBC, HK

Look For Buyer Only - OTCbid.com


NEW: 100K+ BTC @ -6% gross, -3% net, B2B, MT103/72, HSBC, HK - Look For Buyer

(Seller : JL TV)

Post: 5.12.2020​

  • Seller from HK is looking for buyer 100K+ BTC at -6% gross, -3% net

  • Buyer = 3%

  • Buyerside = 1.5%

  • Sellerside = 1.5%

  • Seller's bank is HSBC

  • Payment method is MT103/72, MT760 SBLC, T/T.

  • POF POC could also be done before the contract is filled and signed

  • PROCEDURES

  • Seller sends a draft SPA. Within 24 hours, buyer will fill out with buyer´s required details, SIGN and return the SPA to the seller. Within 24 hours, seller will fill out all required details, SIGN and send back the SIGNED SPA on a PDF format.

  • Proof of bank account control: €5 will be sent from buyer’s bank to seller’s designated bank to prove buyer has bank account control.

  • Proof of coins: The seller will show the readiness to proceed for the first tranche by sending a Satoshi test from his wallet A to his wallet B and share transaction address to the buyer. The seller’s source wallet must contain at least 1,000 BTC. (For all following tranches started from new seller’s wallet will be sent only specified amount of Satoshi to the buyer’s wallet, the source wallet(s) must contain at least BTC for current tranche).

  • After the buyer verified the transferring the A-B wallet test and after the Six (6) confirmations of blockchain, the buyer immediately maximum within 24 hours sends pre-advice Swift MT199 (see Annex C) which will mention: Ready, willing and able; to issue Swift MT103/72 conditional payment.

  • Seller’s bank officer must reply thru Swift to buyer’s bank stating the successful receipt of the pre-advice Swift MT199 in order to establish a communication channel between buyers and sellers bank.

  • OPTION B: Buyer’s bank makes conditional payment by Swift MT103/72 for the current tranche. Scheduled tranches (see Annex A).

  • After receiving and confirmation of the MT103/72 Swift notification at seller‘s bank and underwriting is complete, the seller transfers Bitcoins to the buyer’s wallets for the amount stated in the Swift MT103/72 through BLOCKCHAIN at the rate of the day -2% net bonus.

  • After the buyer received the BTC in his designated wallets and after the Six (6) confirmations of blockchain, buyer’s bank releases immediately the conditional funds Swift MT103/72 to seller's bank account.

  • The commission must be paid by seller to the agents under the IMFPAIM-1410-BTC-2020listed in Annex D, which is included in this agreement.

  • For additional tranches steps 3 – 9 will be repeated until the total volume is settled.

  • Upon completion of the transaction, both parties sign the affidavit of successful settlement.

BUYER MANDATE ONLY

Interested parties should contact :

​​

  • OTCbid@gmail.com

  • DM Raymond Chai (on Linkedin)

  • Telegram @ OTCbidcom

  • Telegram: +1 (786) 632 8577

  • OTCbid.com


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Disclaimer:

OTCbid does not provide any financial advice, financial products or services. Bitcoin is not a financial product. According to ASIC, Bitcoin does not fit within the current legal definition of a financial product in Australia.

 

We match Bitcoin buyers and sellers worldwide. We coordinate large volume of these trades involving buyers/sellers who have accounts with reputable banks and institutions to make sure their clients are fully verified and abiding by regulations.

 

OTCbid desk deals involves extreme high risk with big whale bitcoin speculators and market price volatility that can contribute to an adverse effect on any investment in crypto assets. You should be capable of evaluating market volatility, the merits and risks of the investment. We advice you always do your own due diligence on bitcoin OTC desk deals of buyers and sellers or seek independent expert advice on what to invest on OTC desk deals, and be prepare to face the potential risk of losing your entire investment portfolios. Always invest the amount that you can afford to loss.

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*Disclaimer: All contents here are for educational/information purposes only and should not be considered investment or trading advice.

OTCbid does not provide any investment, financial, tax, legal or other professional advice. We recommend that you consult with financial and tax advisors to understand the risks and consequences of buying, selling and holding Bitcoin.

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