Bitcoin Forum

Ok, here's where I'm at. I bought some bitcoins 3 years ago. I wasn't even aware of the account until I was deleting stuff out of my old computer that I happened to log in and was shocked at the value it had amassed. Over the past year i've been selling them here and there. There problem is, I keep having to go down on the price on almost a daily basis. In other words, IM LOSING MONEY. I've lost 2/3 of their value in the past year. Do any of you guys know of someone willing/able to purchase my remaining 1165 bitcoins. I'm not looking to sell them one at a time anymore. I'm willing to sell them at a discounted price if I can find a buyer to buy them all.

* Before you guys berate me, i'm not a Bitcoin fanatic like most of you guys are. I don't really know where to turn. That's why i'm asking you guys for advice.


http://i62.tinypic.com/2lctj44.png

 Open an account at any exchange, get yourself verified, sell the coins and transfer the money into your bank account.  It's pretty simple.

Coinbase lets you sell $50k a day.

It would be a good idea to open an account in an exchange with some good volume, here's a list of the largest ones.

http://coinmarketcap.com/currencies/bitcoin/#markets

And if this is for real, don't crash the market.  ;)

When I saw your balance, I must admit I became very jelly.
I would keep at least one-fourth of that. Never know what the future will hold.

Good luck in your quest finding a buyer.

After youve been verified for a month with linked bank account.

If you're in Canada you can deal with Cavirtex

for large withdrawal

EFT Direct Deposit to your account

Fee: $6
Sign Up Processing Time: 3-5 business days
Daily Limit: $200,000
Monthly Limit: No Limit
Verification: Level 2

https://www.cavirtex.com/withdraw_methods (https://www.cavirtex.com/withdraw_methods)

Coinbase & Circle seems like the safe option because of the quantity, it might take some time to get verified but in the end it's important that you don't send that many coins to an exchange who just packs their bags and leaves after you deposit.

exchange it for real money,too risky to buy it directly without following the market price

If you're in the USA, I hear the federal government buys large quantities of btc on localbitcoins. lol

if you plan to sell all at once, i don't recommend exchange, because you need id in order to sell such amount, and you will pay taxes for that resulting in a lower net at the end

if you can do it locally(in your zone) is better, or via localbitcoin also

This is really fortune you found out. Lucky guy. I could have bought all from you but don't have that much money :(

But I will also suggest it's very risky to put all these in one exchange and sell it. You better divide and put these bitcoins in multiple exchanges.

I hope you will not crash the market so much :D
sell all your btc in one time is not recommend, HOLD for a while and get double profit.


~iki

Use circle.com
Create an account, add a visa, sell you coins, withdraw at your visa account.

Or you can do it through virwox,
more or less the same presedure but you can also withdraw to Paypal from them.

EDIT: you can also use localbitcoins.com to find a buyer near you for face to face transactions

you could also find a member in these forums to make a private sale (USE ESCROW) as to NOT crash the market as ikydesu pointed out.
Post your request in the forums and many buyers will give you their offer.
Take it from there and complete you sale - once again USE ESCROW

I recommend you to keep 1/2 or 1/4 of it to be invest or just keep it, because it can make more profit if you do it.

Personally wouldn't be wanting to sell my coins at literally the market bottom.

Unless you're in desperate need for $250k, I'd hold on somewhat.

You can buy some luxuries from below: cars , villas etc. and sell it for again fiat if you dont want to deal with exchanges.
https://www.bitpremier.com/

If you need small amount money then , cash in coinbase or bitstamp for only needed amount. It wouldnt not be very great to sell whole at these bottom prices.

And think that when you  first bought bitcoins what was the price $ 5 or $ 10? So youre not losing your money actually.  ;)

Second this one you might want to divide your funds over a couple of more trustworthy exchanges just to be on the safe side.
It's more hassle during the registration but a lot less easier to withdraw in smaller portions then in one big sum.

You did not mention from which country you are. But, wherever you are, you can use www.LocalBitcoins.com & www.100bit.co.in to sell off. Remember, DO NOT SELL TO A SINGLE PERSON. Create different orders of say 10 BTC at a time and chose different people as your counter party...

I just want to tell you Op that you need to be aware of selling your  bitcoin via a major exchange. If you will share your personal information and then conduct a business it will more likely result of this information being processed to government tax agency - IRS (I don't know where are you from tho). You will most likely pay tax later. So I would avoid all major exchanges for now.

I would be more worried about finding a bank that won't freeze your funds in the instant your money arrives.  And of course with taxes.
For such big values any big exchange is good for you.

I would be advised if you could split your coins and do not sell it at once at all. I think your best bet for now is to use localbitcoins.com. You will probably won't be able to sell all your coins at once. But you will be anonymous while doing it. And that in the long run will benefit you more.

Yeah, I had a felling selling them through an exchange wasn't as simple as people made it out to be. And i've been selling them locally through localbitcoin but most people just buy a couple at a time. I'm trying to sell them all (most) at once.

+1 I don't think you will find a better answer.

You have two options.

1) Dump now. Get your money but not enough to retire in good condition.
2) Hold for 5 years, come back and retire as a millionaire.

If you do 1, do not commit suicide when you come back in 5 years tho.

I would recommend coinbase but don't sell them all at once, try to get in contact with a tax attorney  he will guide throw all legal processes so the goverment won't seize teh bitcoin for X reason.

Pretty much what xhomer posted however, I find it very interesting that a person purchased thousands of dollars of something some time back yet didn't pay enough attention to it until now. I'm not buying this, sorry.

1165 BTC! WOW!
When you bought in 2012 the price was really low compared to now.
If you don't need money at the moment and you just wanna go for profit I would hold for a few months longer. The price will go up again I'm pretty confident about that.
But for the moment you can open accounts at the exchanges with high volume and put some BTC on each.
Once again!If you wanna go for profit hold your coins for a few months longer is my opinion.
In the long run this stash could be worth a hell of money. I hope you won't regret in the future if you sell now.

You think he Ctrl+U to edit the html ? Would be a shame, I would believe this story if he posted the bitcoin address  of the blockchain.info account holding all these coins.

Exactly, thats why you sell very slowly, or better yet, hold until you don't need to sell since you can buy everything with a sky rocketer stable BTC price.

It is not that simple. If he follows this advice, he'll probably share the same fate as of BurtW.

No, RodeoX is correct. A licensed exchange is the safest place to sell them now. Burt was a localbitcoins thing. That's what my joke was about earlier in the thread.

I happened to agree with Chef Ramsey though. This story is unbelievable. 

Yep, the html is probably manipulated since it doesn't show the QR code or the address of the bitcoin wallet.

You can buy bitcoin debit card and use it for everything you want.

then Circle may work, because they don't ask you for id, but they want your legal name and phone

i suggest he donates some of hes bitcoins to some charity given the fact hes not a fan of bitcoin at lease % would go to a good cause.

Wow, are you an early adapter?
Selling bitcoins is much easier than buying. Just search up some websites, but they have a certain limit. Try find a buyer on the forum if you want to.
Coinbase and bitstamp are probably the biggest exchanges. If you are in Europe, use Hitbtc.

Good Luck!

If I need urgent money, I'd sell 1/3 of that.

If not, I keep them. If I don't want to keep them, I sell %50 of them and sell rest of it a few week later.

You can create an account in exchange or trading sites. After that you should sell your BTC with lower prize than the others, so it will not take a long time to sell all of them. After your BTC are sold out, you can withdraw your money to your local bank account.

 Trade everything using algo.  Plug for Tradewave.

now that i think about it, why you want to sell them? can't you use those btc to buy a thing directly with it, we should really stop converting btc to fiat, btc should be indipendent from those fiat garbabe

i heard of plenty of guys that bought an house with btc or a car, you could try this route, also doing this will not help the price crashing.

Hi,

We are a regulated bitcoin exchange, based in HK, with a banking partnership in Europe, where we have segregated client accounts, accessible from 40 countries and through sepa transfers.
We have USD, EUR and HKD order books and process block sales.

/pm if you are interested in selling your coins there

I'm planning on buying quite a large quantity towards the end of this month. Will drop you a PM around then to see whether you still have any left to sell.

I agree with some of the other posters, keep some of the coins for another year or two, do not sell all of it.

Why not just spend them? You are going to lose more money exchanging them back into fiat.

maybe he wants to buy a house or a car... AFAIK you can't buy a brand new Ferrari using BTC  ;D

Better you find someone local buyer in your area to buy your all bitcoins and give you the cash by hand.

LOL! Off topic but... how much did you pay for those bitcoins originally, and when?