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Right, but try cashing out $85 million. You'll have a hard time.
by shocks 13y ago
Right, but try cashing out $85 million. You'll have a hard time.
- waterlesscloud 13y agoCashing out $85 million of pretty much anything would require some special efforts.
- res0nat0r 13y agoHow about just 1 million? It seems most responses above are "it can be arranged", which wouldn't be acceptable to me if I had millions in bitcoin I wanted to cash out.
- waterlesscloud 13y agoA million is easy. Put up your ask for 1400-1500 BTC and wait for someone to buy it. Maybe spread it out over a small range so it doesn't look intimidating, but at that size it doesn't really matter. Probably happen in a few hours. Again, several of these transactions happen every day. Have the money wired to your bank. If you're selling on bitstamp, even that step is easy. Done.
- bitcointrust 13y agoIf you’re looking to cash out, SecondMarket is currently trading sizeable blocks of bitcoin. Please feel free to contact us at xbttrading@secondmarket.com .
- PeterisP 13y agoCashing out $85 million of pretty much any sale (shares, bonds, forex, commodities) is trivial, you simply do it if you have the goods. The whole idea of Bitcoin transactions requiring special efforts to cash out is a sign of weak liquidity/weak infrastructure. If some bitcoin-exchange-house is limited to cashing out $10k/day, then how can you practically distinguish it from a Ponzi scheme that claims to have money but actually doesn't?