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>It took me 7 days to move $300k from one bank account to another, because of closures on weekends & ACH limits. This is not "working well". With Bitcoin I can
by JustAnotherPat 9y ago
>It took me 7 days to move $300k from one bank account to another, because of closures on weekends & ACH limits. This is not "working well". With Bitcoin I can move $100k+ in ~10 minutes.
You can move the bitcoin equivalent of $100k+ in 10 minutes. It'll take you longer than a week to convert to cash (not to mention the cost you'll be paying in fees). Plus you still have to deal with all the regulatory checks (unless you think you can get away with laundering money)
- mrb 9y ago«It'll take you longer» Incorrect. I trade at Gemini where I can sell BTC and wire the USD in less than 24 hours to a bank account.