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> So you are looking at a pure profit of $197k per month. Not including liquidity issues and fees for turning that stuff into actual money, at least until you
by bellerocky 12y ago
> So you are looking at a pure profit of $197k per month.
Not including liquidity issues and fees for turning that stuff into actual money, at least until you can start paying all your bills with bitcoin.
- Sambdala 12y ago$200k/month is not going to run you into liquidity issues.
- pyre 12y agoIt's $200k/month worth of Bitcoin. The 'liquidity' we're talking about here is converting Bitcoin into local currency that you can purchase things with.
- jafaku 12y agoAgain, not a problem.
- vectorpush 12y agoPossible, perhaps, "not a problem", seems pretty untrue. How exactly would someone go about cashing out $200k worth of bitcoin?
- anon4this1 12y agoI sold $800k US of bitcoin on bitstamp market earlier this year - i did it over 30 minutes and it dropped the spot price about $6
- venaoy 12y agoSell on an exchange. The big ones have a monthly trade volume of 100k+ BTC ($50+ million): http://bitcoinity.org/markets/list?currency=ALL&span=30d http://bitcoinity.org/markets/list?currency=ALL&span=30d Clearly $200k is a drop in the bucket for them.