Guys, I have a similar use case.
I'm pretending to use cripto as a way of transfering money from two countries, so I'm looking for sellers in one and buyers in the other. The thing is that I need to move more than 20 BTC and also looking for a way of not taking so long as to not get the spread.
Do you guys have any suggestions?
Topic: Cashing out of large amount of bitcoins (Read 6320 times)
facepalm
Oh, and hi Burt, hope you are doing well all things considered.
Oh, and hi Burt, hope you are doing well all things considered.
hello,
i'm interested in your deal, and will pay cash for it in europe. Is your lead still available?
telegram@Chris2btc or whatsapp+8613068178967 if you are interested too.
cheers!
You sir, are an idiot. Read the dates on this thread. i'm interested in your deal, and will pay cash for it in europe. Is your lead still available?
telegram@Chris2btc or whatsapp+8613068178967 if you are interested too.
cheers!
hello,
i'm interested in your deal, and will pay cash for it in europe. Is your lead still available?
telegram@Chris2btc or whatsapp+8613068178967 if you are interested too.
cheers!
i'm interested in your deal, and will pay cash for it in europe. Is your lead still available?
telegram@Chris2btc or whatsapp+8613068178967 if you are interested too.
cheers!
I don't have $10,000,000 worth of bitcoins. But given the 5-year trend in prices, I anticipate having that much in a year or less. Of course, if we get a bear market, I won't have that much. May have to wait a year or two longer than anticipated. I'm just trying to plan for the future. I don't see an easy way to cash out.
How did I get so many? I make a very good salary, save every penny, and go "all-in" on investments when I believe there's good value. I did that with BTCs.
Believe it or not, I've lost a lot more in bitcoins than I actually own.
So did you cash out 10M worth of BTC in 2014? How much would that be worth today? How did I get so many? I make a very good salary, save every penny, and go "all-in" on investments when I believe there's good value. I did that with BTCs.
Believe it or not, I've lost a lot more in bitcoins than I actually own.
Just a question - how did you get $10,000,000 worth of bitcoins in the first place?
Please don't tell me you were the guy on the other end of the 10,000 Bitcoin pizza. >.>
And holy cow, good luck on taxes.
Please don't tell me you were the guy on the other end of the 10,000 Bitcoin pizza. >.>
And holy cow, good luck on taxes.
I don't have $10,000,000 worth of bitcoins. But given the 5-year trend in prices, I anticipate having that much in a year or less. Of course, if we get a bear market, I won't have that much. May have to wait a year or two longer than anticipated. I'm just trying to plan for the future. I don't see an easy way to cash out.
How did I get so many? I make a very good salary, save every penny, and go "all-in" on investments when I believe there's good value. I did that with BTCs.
Believe it or not, I've lost a lot more in bitcoins than I actually own.
So did you cash out 10M worth of BTC in 2014? How much would that be worth today? How did I get so many? I make a very good salary, save every penny, and go "all-in" on investments when I believe there's good value. I did that with BTCs.
Believe it or not, I've lost a lot more in bitcoins than I actually own.
Just a question - how did you get $10,000,000 worth of bitcoins in the first place?
Please don't tell me you were the guy on the other end of the 10,000 Bitcoin pizza. >.>
And holy cow, good luck on taxes.
Please don't tell me you were the guy on the other end of the 10,000 Bitcoin pizza. >.>
And holy cow, good luck on taxes.
Believe it or not, I've lost a lot more in bitcoins than I actually own.
Amen brother.We can all relate lol.
Anyways @ OP, Good luck cashing out 10Million, I don't think I've ever seen a trade that big so far.
What price are you anticipating bitcoins will be in the next year or two?
Have you considered using Coinbase and just doing 300 (the daily limit) at a time?
I'm anticipating cashing out of a large amount of bitcoins in 2014, yielding possibly >$10,000,000. How do I do this? I'm thinking Bitstamp won't be able to accommodate me. Are there people on localbitcoins with this much cash? Does the Bitcoin Investment Trust buy from regular schmoes like me? Does anyone 'know a guy'?
Here is a thread for your inspection.
The thread has more than 25,000 views, and hundreds of comments. You will see it is filled with lots of happy clients, and there are zero complaints from any past customers.
https://bitcointalksearch.org/topic/buy-bitcoin-with-cash-deposits-at-most-banks-in-the-usa-with-bitcoin-brokers-237164
When the time comes to sell the bitcoin (assuming you are in the USA) Bitcoin-Brokers can handle it all for you.
Just submit a request ticket through the help desk and speak with Dan to arrange everything.
www.Bitcoin-Brokers.org
If I were in such a position as the OP, I would barter for gold.
This may seem like a stupid question but how do you avoid getting fake gold? There are all kinds of scammers.
buy coins only, the bars are where they usually pull that with fake centers
with the coins you can weigh them and measure the diameter and thickness to verify. listed on wikipedia.org
can only vary slightly
If I were in such a position as the OP, I would barter for gold.
This may seem like a stupid question but how do you avoid getting fake gold? There are all kinds of scammers.
Exchanges best way to go for large amounts I would think
Imperfect paper trail but still a paper trail
Would hate to do a 1 to 1 due to security...
Imperfect paper trail but still a paper trail
Would hate to do a 1 to 1 due to security...
nah, you could meet in a public place in a corner or even a lawyer's office
the person selling bitcoins would have a password hopefully on the wallet, so unless they have
a gun to their head, it is safe
bigger threat is to the person buying - but I would take that risk, if worried about it you could
do a wire transfer with a lawyer present. only caveat there is that wires can be cancelled, so you
would want to hang-out together till you saw it in your account and you cannot do wires over
$500 without a hold from homeland security
If I were in such a position as the OP, I would barter for gold.
I am in the process of putting together a deal for someone wanting to sell 100+ bitcoins.
If anyone wants to buy large chunks please get in touch.
As for your issue - are you in the UK or US? It certainly can be done safely and securely. PM me if you would like me to help.
If anyone wants to buy large chunks please get in touch.
As for your issue - are you in the UK or US? It certainly can be done safely and securely. PM me if you would like me to help.
Im looking to buy 50-60 btc. PM me if you have an offer.
I am in the process of putting together a deal for someone wanting to sell 100+ bitcoins.
If anyone wants to buy large chunks please get in touch.
As for your issue - are you in the UK or US? It certainly can be done safely and securely. PM me if you would like me to help.
If anyone wants to buy large chunks please get in touch.
As for your issue - are you in the UK or US? It certainly can be done safely and securely. PM me if you would like me to help.
Believe it or not, I've lost a lot more in bitcoins than I actually own.
Amen brother.u are not alone
The answer is simple: You do it gradually or wait for a time when a cash out that grand isn't considered to be so grand. I'm sure as BTC rise in values the market will accommodate. I imagine back when it was ~$0.20/BTC people struggled to comprehend how they would cash out $1,000 or $5,000.
Make some friends who are in the check cashing business.
Unless you are looking to substantially move a market index, why not just do what you would do with a real world large currency trade? That is break into smaller lots and trade over time so that you get the best pricing.
Dumping any large trade on an indexed currency or commodity has a tendency to move the market down. That's why big firms spread these transactions over time.
Dumping any large trade on an indexed currency or commodity has a tendency to move the market down. That's why big firms spread these transactions over time.
I'm anticipating cashing out of a large amount of bitcoins in 2014, yielding possibly >$10,000,000. How do I do this? I'm thinking Bitstamp won't be able to accommodate me. Are there people on localbitcoins with this much cash? Does the Bitcoin Investment Trust buy from regular schmoes like me? Does anyone 'know a guy'?
Bitstamp or any exchange for that matter will be able to accommodate you, just do break it up into chunks to be sold over a period of time.
Jump to: