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OTC Deals

OTCbid - The Bitcoin price has tumbled 50% in 2022 but this expert says crypto ‘is here to stay’

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

" Cryptos have come under intense pressure in 2022 amid fast rising interest rates that have seen most risk assets sell off.

The Bitcoin (CRYPTO: BTC) price is down more than 50% since 1 January.

And Bitcoin isn’t the only crypto to come under pressure in 2022.

Far from it.

With central banks the world over ratcheting up interest rates to tame rocketing inflation, almost every crypto (save those stablecoins that didn’t melt down) is deep into the red.

The world’s number two crypto by market cap, Ethereum (CRYPTO: ETH), has suffered a similar retreat to the Bitcoin price, down a bit more than 50% year to date.

With those kinds of losses, you might think institutional investors would be ready to throw in the towel.

But, according to global custodian bank State Street, that’s not the case at all.

 

Can the Bitcoin price rebound from crypto winter? ""- Read Full Article

Source: Fool

50K+ BTC BUYER IN LONDON

-6% Gross, -3% Net, Bank, F2F, L2L, Bank, Wallet2Wallet, UBS, HSBC, Zurich, London

NEW: 50K+ BTC @ -6% Gross, -3% Net, Bank, F2F, L2L, Bank, Wallet2Wallet, UBS, HSBC, Zurich, London - Look For Seller

(Buyer ; PKIE SLA-TELE)

Post: 15.9.22

​​​​

  • BUYER IS LOOKING FOR 50K+ BTC @ -6% GROSS, -3% NET

  • Buyer = 3%

  • Buyerside = 1% 

  • Sellerside = 1% 

  • Buyer’s and Seller's Intermediaries = 1% 

  • Minimum = 5000 BTC

  • First tranche = 500 BTC

​​​​​

  • PROCEDURE:

  • Buyer and Seller representatives have zoom call, discuss procedure and agreed

  • Set time and place for face-to-face transaction. Seller to show POC AND CONTROLS THE WALLETS to the Buyer. The Buyer to show POF. Capacity to do the first tranche of minimum 500 BTC.

  • The parties to agree on Ledger to Ledger in UBS Zurich Switzerland. 

  • Seller will send the SPA to the Buyer to complete and sign it.

  • STEPS:

  • 1. THE BANK OFFICERS PREPARE FOR THE ROOM AND TECHNICAL FACILITIES FOR THE MEETING

  • 2. After signed and exchanged SPA, Buyer and Seller representatives will meet and face-to-face transaction.

  • 3. The Seller’s Representative will show POC, with his wallet to the Buyer for the first BTC tranche and SHOW THE CONTROL OF THE WALLET and Buyer will show funds ready for the Seller.

  • 4. BUYER WILL BRING A FRESH NANO LEDGER AND BUYER AND SELLER WILL ESTABLISH A NEUTRAL WALLET

  • 5. SELLER WILL SEND THE TRANCHE COINS TO THE NEUTRAL WALLET

  • 6. AFTER VERIFICATION, Buyer transfers funds for the first tranche to Seller's nominated account at the UBS Zurich.

  • 7. Seller confirms that the payment has been received and cleared(L2L) at UBS Zürich.

  • 8. Seller/Buyer TAKES BTC OUT OF THE NEUTRAL WALLET and sends to Buyer's wallet address nominated by Buyer, which must be verifiable by Seller’s Representative.

  • 9. Buyer’s Representative confirms received of BTC in his wallet and verified on the blockchain are good and signed together with the Seller’s Representative. The same procedure will be done for all future tranches

  • 10. IF BTC DID NOT ARRIVE AND COULD NOT BE CONFIRMED AFTER 6 CONFIRMATIONS THE SELLER MUST RETURN THE PAYMENTS

  • 11. Seller and Buyer continue the tranches until the total BTC contract is completed.

  • Steps 1-11 to be continued until total BTC of this SPA has been delivered including rolls and extension

  • Other option of Escrow procedure via escrow lawyer can be discussed and agreed upon.

SELLER MANDATE ONLY

Interested parties should contact :

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