I work at an Over The Counter Bitcoin Group, AMA

[OTCfag !9tEMCMrt/E No.11834479]

Title says it all.
I love going on reddit because those are real fucking low-iq people who have 0 clue. You guys have better memes, so I'll let you in on a few secrets if you want.

[Anonymous No.11834486]

>>11834479

When are we bull?

[Anonymous No.11834498]

What kind of volume are you seeing over there?

[Anonymous No.11834499]

>>11834479
saged and reportpilled

[Anonymous No.11834508]

>>11834479
No thanks, if I wanted to patronize a useless mongrel with an uninteresting job I would interview my nearest fast food fry cook.

sage

[Anonymous No.11834514]

how often do the traders clog the toilets?

[Anonymous No.11834518]

>>11834479
Could you provide pics of your feet?
So we know you are human

[Anonymous No.11834525]

>>11834479
how much link is being traded otc? what's the price of link otc?

[OTCfag !9tEMCMrt/E No.11834531]

>>11834486
It's simple anon, the bull comes whenever the U.S. government gives formal approval for Cryptocurrency exchanges to start their marketing campaigns

[Anonymous No.11834536]

Would you send me some onion stuff?

[OTCfag !9tEMCMrt/E No.11834604]

>>11834498
We don't do anything less than 300k. We recently got a buy for about 5m BTC in September.

>>11834514
There are no traders, we have a formal relationship with miners that sell to us and then we simply charge a bit more and get a cut of that profit.

>>11834525
We only sell PoW coins, we've had requests for a few other alts that I won't say because then it'll be a shill fest with you autists and I'm not here for that.

[Anonymous No.11834608]

>>11834479
How does it work?
How do folks safely trade money for BTC?

[Anonymous No.11834636]

Do you know the real reason for this massive dump? Is it the miners selling BTC for the hash war? What’s going on?
Is there actual interest for Bakkt or Fidelity or are they memes? Will we ever have another run or is BTC truly dead this time?

[Anonymous No.11834654]

>>11834531
saged and reportpilled

[Anonymous No.11834675]

>>11834604
How much did they offer for 5m btc?

[Anonymous No.11834695]

>>11834636
Bump

[Anonymous No.11834716]

>>11834479
Do people arbitrage OTC with the open market? I imagine buying/selling in bulk would give u discounts no? So could you buy 5m OTC and sell at a higher rate over several exchanges, then do the flip side of that?

[Anonymous No.11834749]

>>11834604
how true is it that the miners are the "manipulators"? ive talked to a few people who have had proven insider info over the last few years and when i ask how they know they always say that they know large miners or have miner friends.

[Anonymous No.11834791]

>>11834636
What comes up must come down ;^)

[Anonymous No.11834887]

>>11834479
You sound like an autistic basement dweller who likes to egoboost himself by babbling on the 4chin mustard roid.

[Anonymous No.11835175]

>>11834636
>>11834740

[Anonymous No.11835177]

can i have a job?

[Anonymous No.11835216]

Are miners making much profit?

[Anonymous No.11835403]

>>11834479
Is your group crypto from the ground up, or did you build up your organization in the traditional markets? If the latter, do you have much insight into who these buyers are? What are their motivations?

[Anonymous No.11835471]

>>11834479
We are supposed to be at 17.5 million mined out of 21 million. How many million btc has your company sold?

[Anonymous No.11835482]

>>11834479
On twitter accounts like whale alert, alot of big numbers are going around. When should we accualy be worried? (In usd please)

[Anonymous No.11835520]

>>11834604
>5m BTC
>literally lol
low-quality LARP desu

[Anonymous No.11835532]

>>11834479
Hey faggot. Have you OTC fags heard of renex? What's your take?

[Anonymous No.11835542]

>>11834479
>feelin kinda dumb today
>I know, I'll larp on biz, that will make me feel better

[Anonymous No.11836023]

>5m BTC

yeah right

[Anonymous No.11836495]

>>11834604
So if you only sell proof of work coins, how much 0xBTC are you seeing traded daily?

[greenpill-freenode !TuLip3ssUE No.11837170]

I once read a thread where some old school IRC traders were buying and selling *keys* instead of coins. This way that it wouldn't show up on explorer, and if the keys are old enough then they also get every single major fork and airdrop and such, ergo the keys go for more. The traders all know each other and use web of trust to create relationships and build rapport.

Any truth to this?

[Anonymous No.11838001]

>>11834604
>We don't do anything less than 300k. We recently got a buy for about 5m BTC in September.
For 5 milion I can understand but why do people with 1M or less not use exchanges it's not like ramming 200 btc makes such an effect on the order book. Definitely better than your fees.

[Anonymous No.11838141]

>>11837170
Isn't this very risky? The other party still has the keys and you have to trust them to not move the coins to a different address, don't you?
I understand that you don't want the transactions to show up on the explorer but this renders the whole trustless payment system moot imo.

[greenpill-freenode !TuLip3ssUE No.11838272]

>>11838141

Not really. It depends how you do it. Seeds are different than keys for one. And as I understand it, these trades would be done between small private groups of whales that all know each other very well and have executed large trades in the past. I believe they would also keep some sort of registry in case keys had been sold more than once, so they could track ownership.

It would be ideal for very large amounts by whales that want to be *truly* anonymous and move large amounts at once, while also being able to sell *claims* to the address namespace--- that is to say, they could then use this key to assert that they've held these Bitcoins for a long time and do not plan on moving them or destroying coindays.

[greenpill-freenode !TuLip3ssUE No.11838283]

>>11838272

(Remember, a key is different from a wallet, and both have different characteristics as far as utility goes)