4 ms·
The literalness of "cold hard cash" is going to be very important here. Into a digital account somewhere as USD? Fairly easy. As a million bucks in literal phy
by RickS 9y ago
The literalness of "cold hard cash" is going to be very important here.
Into a digital account somewhere as USD? Fairly easy. As a million bucks in literal physical cash? something tells me that would be an absolute shitshow, since 10k cash withdrawl is enough to trigger special processes at most institutions.
- andai 9y agoYou could arrange something in person, but you'd probably better bring those machines that check for fake money.
- erikb 9y agoAnd a few guns, that are held by people who can use them.
- easilyBored 9y agoYeah really. A Craigslist post to do such a transaction at some back alley isn't going work; they'll wipe your entire family for $1 million. If you get ripped off, probably can't even complain, I'm sure cash transactions above a certain amount are illegal in many countries.
- Scarblac 9y agoDoes this mean that at $1 million amounts, bitcoin is more liquid than cash?
- cavanasm 9y agoNo, liquidity is the market's ability to make a transaction with an asset without affecting that asset's price, not how easily it can be exchanged. Cash transactions are pretty much as liquid as it's possible for anything to be. As another poster mentions above, a $1m bitcoin transaction has be to spread out over a day or two to not impact price, otherwise it can fluctuate several percent.