Methods to keep BTC's value and also anonymacy.

If you had six figures in BTC you would have a problem, because it is so volatile. Sure if you have 50k it sucks to lose 10k in a month, but laundering would also cost a lot of money and effort, so it is not worth it. Laundering is worth it when you have a lot of money, but its always risky. I was asking of methods to keep the value while your privacy, not actual laundering (laundering would mean making your government believe the money you have comes from legitimate sources, what I'm talking about is keeping the money hidden).

I was thinking of methods to prevent that. Let me ask your opinion about their anonymacy and security.

What would you say it's the best?


Comments


[3 Points] iLoveDNM:

I would keep it in offline (cold) paper wallets, keeping no more than 50 or 100 BTC in each one. Then I'd tumble it slowly, up to $1000 a week. More and more stores are taking btc so I'd spend it there wherever possible.

To get lots of cash? I'd try localbitcoins first, honestly. You might luck out and have a dealer nearby who's looking to anonymously purchase 10s of thousands in bitcoin.

Send some my way, with some background and some incentive I could come up with some pretty detailed cash out schemes, even laundering enough for the IRS (though you do lose some to the government) to think it's clean.


[2 Points] lrpaterson:

Don't keep money or Bitcoin in the exchanges, everyone should remember what happened at Mt. Gox.

Cash out as soon as you can into fiat currency, if you are worried about fluctiuation then cash out into a currency basket (this is only practical if you live in a large city with a high immigration population as normally if you cash out locally you will only have the local currency available).

Doing big amounts should be no big deal as long as you don't mind getting a haircut of around 7-10%. There are plenty of Bitcoin buyers that will take $5000-9000 at a time where I live. If you hit up 6 you can cash out $50k the same day. To do these types of numbers it helps to have an existing relationship with these guys though, they are not going to deal with large amounts unless you have a history with them.


[2 Points] sobulbous:

Paper wallet. Simple storage long term. Laminate that shit and lock it away.

Also, anonymacy is not a word, you meant anonymity :)


[1 Points] throwahooawayyfoe:

You can't borrow anonymously from btcjam or bitlendingclub. They both require photo identity, address, and income verification before you can be a borrower. If you default on a loan, all your info will be released to your creditors so they can attempt to collect.

Source: I'm a registered borrower on both btcjam and bitlendingclub