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Topic: 1milion € from Btc? - page 3. (Read 4200 times)

sr. member
Activity: 476
Merit: 250
April 25, 2016, 08:59:53 AM
#48
If you had a million euros worth of bitcoin in sure you would already know the answer to that question so I call bullshit.
Yeah there is no such thing as the one million Dollar Bitcoin. Keeping your hopes up for nothing because it does not exist. Be a bit more realistic and focus on the real Bitcoin price.
sr. member
Activity: 336
Merit: 250
April 21, 2016, 10:06:20 AM
#47
Guys, where is best place to get 1 milion € out from BTC?
I need money inside europe!
Is kraken better then bitstamp? Or any other better?
No where there is no 1 million dollar bitcoin I do not know where people get this information from but it is just not true. If you think realistic you should already know the answer.
legendary
Activity: 2282
Merit: 1023
April 19, 2016, 08:32:29 AM
#46
I don't think there is any life threatening situation the require exchanging 1 million EUR from BTC. With so much bitcoin, and with the urgency in changing them back to cash, sound quite fishy.

The first question will be "where did you get your BTC from?"- legal or illegal?
sr. member
Activity: 350
Merit: 250
April 19, 2016, 08:17:54 AM
#45
This is not happening and people still think that it is possible. It is very unlikely to gain 1 million from Bitcoin. We have to stay realistic here and focus on what could happen. 
Yeah I do not why people think that this is possible, the chance is so small that this is going to happen. If it is going to happen you have to wait a long time minimum 20 years or longer.
sr. member
Activity: 364
Merit: 250
April 14, 2016, 05:50:59 AM
#44
This is not happening and people still think that it is possible. It is very unlikely to gain 1 million from Bitcoin. We have to stay realistic here and focus on what could happen. 
legendary
Activity: 896
Merit: 1000
April 14, 2016, 05:41:12 AM
#43
People are really hoping for this to happen. They will save their Bitcoins so they can sell them later on in the future and become millionaires. I do not know how big the chance is of this happening.

did you even bother to read more than only the thread title? i guess not. op is talking (i think trolling) about him looking for a way to cash out €1 million worth of bitcoins. and that's it.
legendary
Activity: 2912
Merit: 1068
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April 14, 2016, 05:07:07 AM
#42
1 milion €? Really? Even if you have that money I beleive you know that such a large some can't be placed somwhere unspotted.
sr. member
Activity: 350
Merit: 250
April 13, 2016, 10:04:48 AM
#41
People are really hoping for this to happen. They will save their Bitcoins so they can sell them later on in the future and become millionaires. I do not know how big the chance is of this happening.
hero member
Activity: 700
Merit: 500
December 23, 2015, 07:53:52 AM
#40
If you have such a big amount of money to turn into fiat you better use 3-4 exchanges. Else you won't be able to convert in a reasonable time period.
Make an account on the bigger exchanges mentioned here and verify your account. The use the daily cap to convert your coins into fiat.
[/quotes]

Exactly. It will take you  a very long time to exchange that amount of money, if you use only 1 exchange. I recommend using multiple exchanges.
newbie
Activity: 36
Merit: 0
December 23, 2015, 07:48:02 AM
#39
Guys, where is best place to get 1 milion € out from BTC?
I need money inside europe!
Is kraken better then bitstamp? Or any other better?

I wonder if you can use the bitcoin directly. If you want to buy expensive thing from seller, you can ask the seller if he accepts bitcoin.
legendary
Activity: 1792
Merit: 1283
December 23, 2015, 06:54:42 AM
#38
Simply invest in altcoins. Although they are mostly a gamble right now, they are extremely profitable if you look at them, and study and predict well. I personally am too lazy and unlucky to work with altcoins, I just work with bitcoin trading.

very risk, i would invest only in the well known altcoin, like dash, monero, litecoin, and doge, and maybe ethereum, the other it's like a dice game
Yeah I'd have to agree, most altcoins are so unstable at the moment, you could end up losing a big chunk of that investment.
And to answer OP, go with a reputable exchange, Kraken should be fine and contact their support.

Ask if you could Skype with someone and try to come to an arrangement that way.
full member
Activity: 182
Merit: 100
Pollak
December 23, 2015, 04:34:54 AM
#37
1 million is just to much if you want to convert it to 1 bitcoin. If I was you just better to just do 10.000 euro to bitcoin.
Just to be safe if it is your first time converting your euro to bitcoins. But is not my money so do what you want.
legendary
Activity: 3248
Merit: 1070
December 23, 2015, 03:38:11 AM
#36
it's good to take profit from it at every halving, them dump and forget, i would do this strategy with litecoin and other similar strong altcoin

Is it the strategy that everyone should follow???
If yes, then how will we get the "stability" that always we talk about???
Also, who will be interested in a "pump-dump-n-forget" type of currency, where the future of that currency is uncertain and in the hands of those who are just to make money on it???

the stability it's only a concern for bitcoin, not for altcoin that does not offer anythign new and are not accepted as bitcoin is
full member
Activity: 168
Merit: 100
ICONOMI enthousiast
December 22, 2015, 04:42:22 PM
#35
Simply invest in altcoins. Although they are mostly a gamble right now, they are extremely profitable if you look at them, and study and predict well. I personally am too lazy and unlucky to work with altcoins, I just work with bitcoin trading.

very risk, i would invest only in the well known altcoin, like dash, monero, litecoin, and doge, and maybe ethereum, the other it's like a dice game

Speaking about Litecoin, who thinks this coin will ever go up in the future? I still hodl a few of 'em Smiley don't know what to do.

seems dead but at least it's among the notorious ones, so it should hold up some value even in the future

True. I think i'll just hold them even though it's not much, you never know. Smiley



it's good to take profit from it at every halving, them dump and forget, i would do this strategy with litecoin and other similar strong altcoin

We'll see where the price goes after the bitcoin halving coming July, I know I don't have much reason to believe in LTC atm, but I have a feeling it's gonna have a good kick in the future.
legendary
Activity: 1246
Merit: 1000
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December 22, 2015, 04:01:31 PM
#34
it's good to take profit from it at every halving, them dump and forget, i would do this strategy with litecoin and other similar strong altcoin

Is it the strategy that everyone should follow???
If yes, then how will we get the "stability" that always we talk about???
Also, who will be interested in a "pump-dump-n-forget" type of currency, where the future of that currency is uncertain and in the hands of those who are just to make money on it???
legendary
Activity: 3248
Merit: 1070
December 22, 2015, 10:00:59 AM
#33
Simply invest in altcoins. Although they are mostly a gamble right now, they are extremely profitable if you look at them, and study and predict well. I personally am too lazy and unlucky to work with altcoins, I just work with bitcoin trading.

very risk, i would invest only in the well known altcoin, like dash, monero, litecoin, and doge, and maybe ethereum, the other it's like a dice game

Speaking about Litecoin, who thinks this coin will ever go up in the future? I still hodl a few of 'em Smiley don't know what to do.

seems dead but at least it's among the notorious ones, so it should hold up some value even in the future

True. I think i'll just hold them even though it's not much, you never know. Smiley



it's good to take profit from it at every halving, them dump and forget, i would do this strategy with litecoin and other similar strong altcoin
sr. member
Activity: 280
Merit: 250
December 22, 2015, 10:00:13 AM
#32
That's a lot to spend on bitcoin. Sounds unreal to me that you have that much money to spend on bitcoin. I'm sure that if you really had this that you would know what and where to buy bitcoin.
If not, I would suggest not to buy at only 1 place, it's too much to spend all at once, best to spread it.

guys guys you all are taking wrong, read the OP message carefully, he is asking to cashout btc not investing in btc, before replying just read the message properly, just for campaign post dont post wrongly, he want to cashout his btc worth 1million pound.

if he is real then i think till now he would have got so many suggestion, but one i can give is dont go all in in one shot from which country you are you have to check about legal issues and tax problem, because high transaction are getting notified by laws.

Doesn't really matter, same advice still applies.

Don't cashout at 1 exchange, spread it over several ones. Even if OP does wants to cashout, he's going to run into tax issues no matter how much you're going to cash out. It will eventually come down to the same amount of taxes that he's going to have to pay in the end.
legendary
Activity: 1190
Merit: 1002
December 22, 2015, 05:42:17 AM
#31
That's a lot to spend on bitcoin. Sounds unreal to me that you have that much money to spend on bitcoin. I'm sure that if you really had this that you would know what and where to buy bitcoin.
If not, I would suggest not to buy at only 1 place, it's too much to spend all at once, best to spread it.

guys guys you all are taking wrong, read the OP message carefully, he is asking to cashout btc not investing in btc, before replying just read the message properly, just for campaign post dont post wrongly, he want to cashout his btc worth 1million pound.

if he is real then i think till now he would have got so many suggestion, but one i can give is dont go all in in one shot from which country you are you have to check about legal issues and tax problem, because high transaction are getting notified by laws.
sr. member
Activity: 280
Merit: 250
December 22, 2015, 04:09:55 AM
#30
That's a lot to spend on bitcoin. Sounds unreal to me that you have that much money to spend on bitcoin. I'm sure that if you really had this that you would know what and where to buy bitcoin.
If not, I would suggest not to buy at only 1 place, it's too much to spend all at once, best to spread it.
hero member
Activity: 658
Merit: 500
December 21, 2015, 03:03:11 PM
#29
oh wow thats a lot of money i must admit a little bit strange that you did not think about it before getting that much bitcoins though i believe that you could try trading through several exchanges as most of the have the limits what would make it impossible to get that much money
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