I am thinking of selling psychedelics and weed to 5-6 close friends of mine. they are huge psychonauts so I would be making good money. Thing is, I buy my BTC off coinbase. I only get around $300 usd a month from my job. Would it cause any problems If I deposit $1,000 once or twice a month and then quickly spend them on BTC to restock my supply?
So according to your estimate you would be depositing $12,000-$24,000 a year. That sounds like a lot of profit for just selling to a few friends. And you aren't counting money from your job, which is only $3,600?
I think you are overestimating what you think the net profit will be. Idk though, I used to sell oxycodone, Xanax, and sometimes weed to a small group and barely broke even trying to pay for my personal stash.
Edit: people wanted the drugs I had every day of the week. You said your friends are huge psychonauts but I don't see how anyone could trip that much.
That said, please don't start selling your friends opioids and stuff like that. They will bug the hell out of you and make you paranoid until you leave the game. And even after, I still get calls.