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The 24h volume for BTC is ~33b usd. You can liquidate a lot very quickly. Tesla recently sold ~270m usd worth to test liquidity [1] [1] https://twitter.com/el

The 24h volume for BTC is ~33b usd. You can liquidate a lot very quickly. Tesla recently sold ~270m usd worth to test liquidity [1] [1] https://twitter.com/elonmusk/status/1386821144037236737?lang=en https://twitter.com/elonmusk/status/1386821144037236737?lang...

NicoJuicy 5y ago
Tesla is a high profile customer. They have separate policies for them. Normal accounts can offload 25k/day last time i checked.
- chejazi 5y ago
  Generally you aren't limited in how much you can sell. If Tesla deposits $270m worth, the exchange won't stop them from selling. I think you mean withdraw (there are pretty strict limits on how much you can withdraw)
  - NicoJuicy 5y ago
    That's what I mean with offload.
- thebean11 5y ago
  Which exchange are you referring to? The big US exchanges have limits, but those limits can be very easily raised by doing some extra identity verification. My Coinbase daily limit is actually $250k and I haven't done any extra verification, and my total amount ever traded is lower than that figure. Just a long time account holder.
  - NicoJuicy 5y ago
    Try selling 250 m$, which would take multiple years with 250k/day. I think it was kraken or Binance that i checked. Coinbase pro states 50 k /day https://help.coinbase.com/en/pro/trading-and-funding/trading-rules-and-fees/limits#:~:text=Coinbase%20Pro%20account%20holders%20have,page%20and%20select%20Increase%20Limits https://help.coinbase.com/en/pro/trading-and-funding/trading....
    - thebean11 5y ago
      The page you linked references $50k as the starting limit: > When you first create your Coinbase Pro account, the withdrawal limit is $50,000/day. See your Limits page for your current withdrawal limit and to request an increase to your limit. Like I said, there are limits but they can be raised by going through extra verifications..
      - NicoJuicy 5y ago
        You said you didn't do any extra verifications for 250k/day. That's not possible according to the faq.
        thebean11 5y ago
        What makes you say that? All I see is: > When you first create your Coinbase Pro account, the withdrawal limit is $50,000/day. See your Limits page for your current withdrawal limit and to request an increase to your limit. That implies that the limit for new accounts (mine is not) is $50k and that the limit may be raised by making a request. It does not imply that making a request is the only way of raising the limit..

NicoJuicy 5y ago

Tesla is a high profile customer. They have separate policies for them. Normal accounts can offload 25k/day last time i checked.

chejazi 5y ago
Generally you aren't limited in how much you can sell. If Tesla deposits $270m worth, the exchange won't stop them from selling. I think you mean withdraw (there are pretty strict limits on how much you can withdraw)
- NicoJuicy 5y ago
  That's what I mean with offload.
thebean11 5y ago
Which exchange are you referring to? The big US exchanges have limits, but those limits can be very easily raised by doing some extra identity verification. My Coinbase daily limit is actually $250k and I haven't done any extra verification, and my total amount ever traded is lower than that figure. Just a long time account holder.
- NicoJuicy 5y ago
  Try selling 250 m$, which would take multiple years with 250k/day. I think it was kraken or Binance that i checked. Coinbase pro states 50 k /day https://help.coinbase.com/en/pro/trading-and-funding/trading-rules-and-fees/limits#:~:text=Coinbase%20Pro%20account%20holders%20have,page%20and%20select%20Increase%20Limits https://help.coinbase.com/en/pro/trading-and-funding/trading....
  - thebean11 5y ago
    The page you linked references $50k as the starting limit: > When you first create your Coinbase Pro account, the withdrawal limit is $50,000/day. See your Limits page for your current withdrawal limit and to request an increase to your limit. Like I said, there are limits but they can be raised by going through extra verifications..
    - NicoJuicy 5y ago
      You said you didn't do any extra verifications for 250k/day. That's not possible according to the faq.
      - thebean11 5y ago
        What makes you say that? All I see is: > When you first create your Coinbase Pro account, the withdrawal limit is $50,000/day. See your Limits page for your current withdrawal limit and to request an increase to your limit. That implies that the limit for new accounts (mine is not) is $50k and that the limit may be raised by making a request. It does not imply that making a request is the only way of raising the limit..