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I still dont get how that kind of amount is cashed out. I mean, yeah, there is some brokers, but I dont think they have this kind of cash available...
by Titusak 13y ago
I still dont get how that kind of amount is cashed out.
I mean, yeah, there is some brokers, but I dont think they have this kind of cash available...
- wmf 13y agoIt's just not cashed out. You'd have to spread it over a long time period.
- Codhisattva 13y agoCash doesn't have to change hands to exchange bitcoins.
- AlexMax 13y agoRight, but the question was about how to cash out.
- paraboul 13y ago"cash out" is a wrong word. Bitcoin IS a currency/cash. The goal is to buy actual things with it and not necessary exchange it with another currency
- truthlaidbear 13y agoNot for speculators.
- petercooper 13y agoIt's not hugely different to if you had $150m in Albanian lek or Abkhazian apsar. You would find it ridiculously hard to convert into an alternative currency in one go and even if you did you'd probably be getting a bad deal (and could even devalue the currency in those two examples). Ultimately, there's always a price that you can convert ("cash out") anything at. For example, I'd be willing to pay $100 for 100 bitcoins right now. Eventually a seller and buyer will find a meeting ground, a transaction is made, and value is defined.
- Titusak 13y agoI never saw it like this, but you are right. It's just another currency exchange.