15000 bitcoin

miguelmartino

Contributor
if someone were to have 15000 or maybe 20000 bitcoin, would it have been possible to have this much bitcoin assuming they bought it on the public blockchain again assuming it didnt attract the attention of law enforcement? if they did get this much bitcoin on the public blockchain, how were they able to do so without attracting too much attention? if they didnt get it on the public blockchain, then where did they get this much bitcoin? lets assume for a moment it was now 25-30000 bitcoin for a moment, how could they have gone about acquiring more and more bitcoin or even if it was only 15000-20000? could this much bitcoin attract the attention of law enforcement or not? if it wasnt on the public blockchain, then where possibly could they have gotten or acquired it then? blackmarket? could they have hacked it or some other means to acquire this much bitcoin if not more? do you guys have any ideas how they could have had this amount if not more in bitcoin?
 

BitFit

Contributor
if someone were to have 15000 or maybe 20000 bitcoin, would it have been possible to have this much bitcoin assuming they bought it on the public blockchain again assuming it didnt attract the attention of law enforcement? if they did get this much bitcoin on the public blockchain, how were they able to do so without attracting too much attention? if they didnt get it on the public blockchain, then where did they get this much bitcoin? lets assume for a moment it was now 25-30000 bitcoin for a moment, how could they have gone about acquiring more and more bitcoin or even if it was only 15000-20000? could this much bitcoin attract the attention of law enforcement or not? if it wasnt on the public blockchain, then where possibly could they have gotten or acquired it then? blackmarket? could they have hacked it or some other means to acquire this much bitcoin if not more? do you guys have any ideas how they could have had this amount if not more in bitcoin?
The police don’t care how much bitcoin you buy first off. If you open an exchange account and send a large amount of money there, it isn’t illegal. You can buy as much as you can afford. Paying taxes on gains is what governments care about. Well, that and if it’s used to buy illegal products.

Second, there are plenty of people who have been involved with bitcoin for years and acquired it at very cheap prices. The only reason for any law enforcement to care would be if it gets sold at a huge gain, they want taxes or if its used in illegal purchases.

It isn’t the bitcoin that law enforcement cares about. It’s how it gets used, spent or traded that matters.

Now if you’re actually asking how to hide money using bitcoin, that isn’t what this forum is about. I think. And as you said it’s all on a public blockchain and traceable, so I don’t recommend trying it.
 

The CC Forums

Admin
Staff member
Now if you’re actually asking how to hide money using bitcoin, that isn’t what this forum is about. I think. And as you said it’s all on a public blockchain and traceable, so I don’t recommend trying it.
You are correct. We get these posts from time to time. We had one user who posted the same question over and over about money laundering and how international criminals get by with using bitcoin to commit crimes without getting caught. I never figured out whether he was curious or looking for a how-to guide. I answered his question explaining some countries don’t go after criminals, enforcement and extradition can be hard, etc., and he came back and started the same thread 3-4 more times with the exact same question.

I finally banned him for starting the same thread over and over after warning him a couple of times. This thread is eerily similar but I’ll leave it here for discussion.

But we don’t allow how to break the law with crypto posts here. We got our start out of the box with how to properly pay taxes. We wish to remain legit for investors and crypto enthusiasts, not those looking to violate international laws.
 

The CC Forums

Admin
Staff member
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The CC Forums

Admin
Staff member
I want to make 15 000 BTC))
If you will be buying in the open markets, in order to not drive up your own buy price, you’ll want to accumulate that slowly or buy on multiple different exchanges. One very large order would drive up your buying costs.

You could also place a ladder of limit buy orders set at different prices lower than current trading price that would execute when price dips. Saves you a little when taking large long positions.

That’s all assuming you really intend to buy $75 million worth of bitcoin rather than $15,000 worth. If you want to move $75 million in quickly you’ll have to find an institutional broker who can handle that or buy GBTC shares. Even then, volumes can’t handle $75 million.

If you meant $15k worth then here’s some tips.

Buying crypto with Coinbase Pro - The Cryptocurrency Forums

Use the old GDAX link in that article to get an idea of using Limit orders. The interface is different but the principles are the same.
 
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