What the fuck is going on with BTC to Cash street rates??

Like 1 month ago and since much prior to that, I had people constantly bugging me daily to have their 100k+ in cash converted to BTCs at a rate of -3% (based on preev's rate)...Now since around 2 weeks it seems everyone wants -15% and the max my crew can find is 8-9k at a time. The street value of the bitcoins seems to be dropping like a rock, but for some reason the global average remains constant at 415-425. What the hell is going on? All the miners deciding to sell their BTCs for summer?

Anyone else notice this or am I just geographically surrounded by btc miners?


Comments


[66 Points] methylenedma:

I had people constantly bugging me daily to have their 100k+ in cash converted to BTCs

max my crew can find is 8-9k at a time

What the fuck is going on??

FirstWorldKingpinProblems

JustKingpinThings


[34 Points] justwonderrinng:

Probably should delete this thread, or maybe you are trolling, either way it's not smart. You should hunt down the traders in Canada that are doing big volume. Why not open up your own chain of bitcoin ATM's or better yet el pollo hermano but bitcoin only "bitchicken".


[14 Points] Phineas-J-Whoopee:

Who's taking bets on how soon Alpraking becomes the next major bust. I can't believe it hasn't already happened. This guy has to be the most stupid fuck I've ever encountered on this sub.


[12 Points] MethHitsAndChill:

Where the hell are people selling selling btc at a 15% discount for cash? I'd buy all of it.


[9 Points] heyfreshhhhh:

RCMP gonna get you bro.


[8 Points] TripAddict:

[deleted]


[3 Points] None:

you don't have to answer cause opsec and all, just something to consider. but are these transactions face-to-face non-exchange trades or done over something like localbitcoins? if done on LBC, someone else could have just opened cheaper listing(s) for less, it'd be easy to verify that yourself.

could also be that some of the higher ups (ie the guys buying $50,000+ at a time) have gotten outta the game. the drug dealer employment cycle is a lot like the regular person unemployment cycle. at least the cyclical nature/duration of it

drug dealer starts off smalltime--> drug dealer grows to be bigtime --> drug dealer gets arrested/killed/retires. the whole cycle probably runs like, 1-5 years, on average.

or maybe better yet, there's a conglomerate of dealers (or one single massive dealer) conspiring to drop the street price of BTC through using multiple seasoned LBC accounts

also, I ordered either 250 or 500 etizolam bars (don't remember what I ultimately decided on...you can probably imagine why) from you on Nuke yesterday. did you get around to those before Nuke took a shit? order probably would have been placed like, about 16-24 hours from the time Im posting this


[2 Points] Pelican_Vendor:

No I noticed the same thing over here. The only ones with good rates are a wayyyys away...


[2 Points] Gompelonza:

Use your cash to buy pizzas, sell the pizza for pelican, pelican gives you coins. GG


[1 Points] 4321949831298lol:

What the fuck is the point of this post?

Who the fuck upvotes this shit?


[1 Points] ravendarkh0lme:

I wish we where neighbors, we'd be a perfect business coagulation. I need sellers, I got the buyers. Good luck AK


[1 Points] fukswaggernauts:

People aren't as confident in BTC anymore with all of the hurdles standing in its way, for example the increasing blockchain times, and with Ethereum gaining traction, there's tons of speculation on both "currencies" so naturally this is what happens.


[1 Points] None:

I don't know wtf you are talking about but i've been selling BTC at $580 cad valuation all week. LocalBitcoins buyers are wimps.


[1 Points] edipure:

Idk man by me everything is $467 a coin haha.. so your lucky


[1 Points] None:

Dude just pay some people to move to the states or somewhere outside of canada and set up a bunch of LBC accounts and make it the cheapest rates on there. Fuck I'd be your customer in a second. And if you cant get rid of as much as you want that way (which I assure you won't happen) just buy a bunch of LSD xtal or some shit start a street dealing operation and cash some out that way plus you'd add to your profits a little too.


[1 Points] CDRCRDS:

It be connected to u.s dollar which is getting weaker. Idk if you noticed but in march alst year u.s dollar got week and then in november shit got good for awhile. I made a mint. Now same thing. Its a cyclical event tied to the value of the u.s dollar. Why? Idk.


[0 Points] tenderwingz:

They are zeroing in on the King


[0 Points] None:

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