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I wonder, is BTC liquid enough that you could actually get your $600k if you suddenly were able to recover them? I haven't dabbled in crypto coins, so I have no
by thearn4 9y ago
I wonder, is BTC liquid enough that you could actually get your $600k if you suddenly were able to recover them? I haven't dabbled in crypto coins, so I have no idea how the exchanges really operate in practice.
- gregshap 9y agoyou betcha
- dharma1 9y ago$600k? easily
- slamdance 9y agothat would depend on your country's individual currency movement regulations as well as the different policies of the various exchanges. for instance, coinbase only allows for a certain set amount of money in/out per week - and its actually quite low comparatively. $15-25k i think? maybe someone has seen more?
- zwily 9y agoIf you’re willing to pass over all sorts of personal information, it’s pretty easy to get much higher lots, on several exchanges.
- deleted 9y ago[deleted]
- amckenna 9y agoAbsolutely. The 24hr trading volume on gdax.com (connected to Coinbase) is 15,524 BTC (~$93,144,000) and that's just the BTC/USD market on a single exchange.
- metachris 9y agoAnd gdax only accounts for 4.25% of the volume. Bitfinex has the largest volume, and does about $352,758,000 in 24 hours. https://coinmarketcap.com/currencies/volume/24-hour/ https://coinmarketcap.com/currencies/volume/24-hour/