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The trader who traded the CAC 40 against bitcoin
Sandra Salazar - 05.03.2018 - 8:48, updated on the 05.03.2018 at 11:10 am

To make a little money with your cryptocurrency kitty is a breeze, when you have the right interlocutor.
Physical but virtual representation of a bitcoin at the Bitcoin Change store in Tel Aviv, February 6, 2018 |
Jack Guez / AFP

After a peak at $ 20,000, bitcoin (BC) is valued today at (approximately) 9,600 USD. The queen of crypto-currencies, despite thrusts of fate, often irrational, continues to break records. We quickly recall the founding principles of BC: a libertarian currency (no central bank), deflationary (the more we save it, the more it gains value), incensurable (only the person in possession of the bitcoin wallet cryptography key can use it, no state or bank can seize it). This currency is so disruptive that it even pushes banks to create their own cryptocurrencies, to reduce the cost of interbank financial transactions. BC is also putative mother of many small crypto already grown: Ethereum, Dash, Moreno, Litecoin, Zcash ...

The craziest rumors are running on bitcoin. Putin would bet on it and plan to tax BC's mining data centers and put Russia on the crypto-currency outpost. Market places will open, which will change bitcoins by paying taxes. One way to counter the dollar king and accentuate its trade relations with China. One way to have direct reports, without going through third states.

So yes, like many of us, you probably cry, "why did not I buy it when it was $ 1500?" And for the lucky ones, who already have a few units of that currency, the question is rather to cash the cash as long as the value curve is still high. And if possible, without going through a market place, so a bank, give his name, address, tax info and pay taxes. In a relative illegality, therefore.

A geek trader, a discreet business
This is where Alex, former trader seduced since 2014 by the revolutionary aspect of Bitcoin. To find it, it's simple:

"I buy and sell bitcoins in several currencies and in several countries in both cash and bank transfer but also via bitcoin exchanges such as kraken.com or Localbitcoins.com. It is a kind of eBay bitcoin, where we are noted according to our quality of service. I get paid thanks to the difference between my purchase price and my selling price. I conduct this activity in several European cities through agents who carry out on my behalf cash transactions for a commission. I own a company registered in the European Union and declare all my income. "

A real small market place all by itself, Alex is a geek trader. "Thanks to the algorithms that I have programmed, I simultaneously position myself for buying and selling on different bitcoin exchanges. On the other hand I sell and buy bitcoins in person for cash. In a way, I act like a currency exchange. "Alex travels in person (if you are a big customer) or, in most cases, sends an agent who does this work for him, to clients, with an approach that is reminiscent of a sequence of a good spy movie. Actor nice kid about to break through, respectable family mother, grandmother over all suspicion wandering with bundles of tens of thousands of euros in the pockets ... Do not have the physical job can to be an asset.

To test the service - we want to try to resell bitcoin in all discretion - we met an agent of Alex in a cafe, after we agreed on an exchange of a "small" amount: the equivalent of 500 €. First step, we count the tickets that the agent-a sympathetic skull hammer shaved out of his bag. We are in touch with Alex via the Telegram app. We ask him what is the course of the BC, we "lock", or in other words, we agree on the price, and calculate the fraction of BC to send. Alex, via Telegram, gives us his BC portfolio address. We send our fraction from a Mycellium wallet, on smartphone. When Alex informs us that the network has confirmed the transaction on the blockchain, the agent gives us the € 500 in denominations of 50, discreetly counted under the coffee table. After thanks and handshake, none of us had a long time on the terrace.

It is for security reasons that these transactions are made in public places