Bitcoin Forum

most of the action happens on poloniex yet I've been waiting months to get my withdrawals above 2000 per day.

there must be people on there with thousands of btc.

how are they getting it off? special deals? they don't plan to leave?

unless they do something then it'll take a couple of years to get their profits out.

same goes for many other alt exchanges now. that would annoy me.

Yes I often wonder what method people who are frequently withdrawing huge sums are using.
What is the best way to cash out a million dollars from one of these exchanges and how often are they doing it?

The hardest part of investing in any crypto still comes from the deposit/ withdraw of fiat currency.

whales don't cash out from what i see around, they like to manipulate the market to buy back cheap coins, i think these people are very greedy and it doesn't matter how many bitcoin they have they want more


to exchange in fiat you don't have much option than wire transfer do you? maybe they are rich people and don't have any problem moving a large amount of money in real life

fiat is easy as long as you have possession of the coins find an otc buyer.

the point here is that you don't. you're subject to their arbitrary limits and are at their mercy to raise them.

Probably using dozens of bot/script controlled accounts.

Theres billions coming into the market right now, cashing out isnt on there mind right now id assume to much money to be made.

Yes the money is pouring big time! I'm rather thinking about how to change my fiat to BTC the fastest and cheapest way.

what is the easiest way you guys use for buying bitcoin

I was using Coinbase since the fees weren't too bad.
Most private sellers were charging much higher fees actually.
But sites like this usually ask you to confirm your identity with a drivers license/ state ID card which some people may not want to do.

I was wondering about how to explain the wire transfers to the tax agencies... maybe they will define it as some sort of "capital gain", with taxation that goes from 1/4 to 1/2 of the total profit.
Maybe i'll just wait untill BTC becomes mainstream and i can spend it directly :D

I stopped using Poloniex as the limit is close to 1 BTC in USD and if prices were to double again, the limit becomes 0.5 BTC and so on. Bittrex use 1 BTC which whilst smaller, is more fluid. I'm going to guess that if an exchange goes pop, it will be Poloniex, as the limit is getting smaller and smaller.

This. They probably have multiple accounts where they can cash out at below $2000 a day and be beneath the radar.

The last time I checked Poloniex did not verify my level 3 information. It's a race to see who approves it first, which exchanges add XEM first, etc. to see which one gets more of my business. Ideally coinbase would add XEM as they are the most trustworthy, then I can use them exclusively for the big crap and use the other exchanges for smaller dollar amounts.


The following exchanges do fiat... Bittrex, Kraken, Coinbase, and I'm sure others.   This assumes I even feel like selling. I'm in no hurry for reasons stated in other threads.

You just need to apply. I have max withdrawals on poloniex and bittrex

I applied about four months ago. still waiting. even then it's only $25,000. that's still several weeks or months if you have the mountain on there that certain people must have.

I used SEPA fiat transfer from my bank to Kraken few times, it's fast and have no fees afaik

.

I was waiting few weeks just to get info my uplaoded photo was bad! And then another few weeks for approval. It's ridiculous.

I believe most of the whales would have some inside connection that helps them withdraw large amounts without too much of a hassle.

It could be all fake and the biggest heist in crypto in the making

Though these exchanges aren't going to give you an answer,  my guess is that the whales do indeed get favorable pricing and other perks, including priority withdrawals.   That happens all over the financial industry,  and not just in crypto.  But I think it happens especially in crypto, because of a glaring lack of regulation.

There's a better than average chance you might be right.. poloniex might be ready to destroy the credibility of cryptos.. hope you are wrong. In any case they get none of my business until they take care of simple things like this in a timely manner.

Bittrex forgot that I submitted the information and is asking me to do it again. Poloniex hasn't approved it yet, and Kraken is basically down due to server load ATM.

possible but incredibly dumb and short sighted. they could earn hundreds of millions and sell for billions a decade or two down the line if they did right by everyone. however dumbness and short sightedness is rarely in short supply when it comes to crypto.

I dont have such problems but when looking at verification page i saw this:
http://image.prntscr.com/image/bf67232d2d2a43b99e08fc7a56bb3431.png

they can withdraw whatever they want in one go.

I also dont recall i needed much time to get 7k withdrawal limit. But that happened 3 years ago so they might change procedure in meantime.

Then something is wrong. I was approved within 24 hoirs

or something is right with you. many people have been waiting just as long. i assume it's to do with an avalanche of new users.

Maybe its your country your in, my limit got raised within a few mins when i applied, only thing i can think of

I hope I'm wrong, too. But it sure looks suspicious.

Every exchange is going to shit as the userbase grows, it's like they are not prepared for the traffic. I think we need some brand new, hi-tec, revolutionary exchange!

Here it comes:

https://bitcointalk.org/index.php?topic=1906507.0

;)

Hey can we expect price of ltc, eth and dash to increase when btc price trembles by aug 1? Or would you suggest to convert all tradeable assets to usdt to switch at lower values?

Theres private Over the Counter (OTC) brokers/exchanges for whales that can handle million dollar transactions and have your money in your bank the same day. Whales don't withdraw from popular exchanges like poloniex unless they are stupid.

Is anyone aware of this Tokenator company and their 50% bonus on Playkey ICO? If you are, any feedback would be appreciated.

usually, whales aren't whales anymore if they cash out. But if they really want to cash out, I think they would just exchange it for Bitcoin or Ethereum, and then they sell it on an exchange like Bitpanda or whatever.

However, in my humble opinion, it would really be a dumb move, as they will never need that much money in such a short time-span. Why would you suddenly need millions of dollars ? obviously, such needs are really fishy.
a normal human being only need a couple thousand dollars per month, not millions ^^

This is where the thinking of investors and "I'm gonna be RICH!" types differ.

Investors (whales or not) don't hardly ever cash out, especially now that the industry is still in it's infancy.
Gains are reinvested to get more gains and so on and so on, it's like the basics of building capitol.

For all of the dreamers who want to invest a couple thousand and hope to hit the jackpot with some shitcoin, of course they think about cashing out.
"Oh! Crypto is gonna make me a millionaire and then I won't have to work ever again!"

If someone has a lot of coins to sell but is limited by the exchanges then he probably have some friends that also open accounts at exchanges and get a small percentage for cashing it out.

And or they probably try to sell their coins directly to other people without the involvement of online exchanges and there are surely some exchanges with higher limits available.

I think some of the whales got verified back in 2014 when it was a small exchange and had just introduced verification.

Others will have multiple accounts, so will be able to cash out from all of them.

I imagine each whale has their own method but the more common scenarios you could expect is

1) They often do not plan to "cash out" entirely and will just cash out of one coin to accumulate another. If they just cash out then they are losing out on a lot of profits currently. They are probably comfortable just taking out what they need during certain time intervals.

2) I've never used poloniex but with many exchanges, depending on how long you've been signed up and/or how much money you have, you have a different status level. This is the same with verification statuses. The higher your status, the more you are allowed to withdraw during a given interval.

3) They likely use multiple exchanges concurrently. If they cash out their max from each account, it could be all they need at that time.

Yes i was wondering about the same too, when i want to withdraw at least $1000 on my local bank they have a lot of troubles and ask me a lot of papers to confirm and make sure that i did not steal anything, or that i am legit and that is a hard earned money.
It is insane, how does the people who are owning large amounts of money withdraw their earnings? i dont know how the fuck do them manage to withdraw to their bank account, or even to fiat, i dont know..

It's still weird to me it's so hard to withdraw your coins (in normal amounts) from exchanges but it's always easy to deposit them.

It took me several weeks to escape Polo's stupid limits while Bittrex's verification process was super fast and so that's my preferred exchange along with Cryptopia.

Just a hunch, it may also be possible that some of these exchanges are actually owned by these whales. Now if this were the case, they could easily manipulate any of their transactions for their advantage. But like I’ve said, just a hunch... ;)

Could be but i think there are more whales then exchanges.

I think they just use it to manipulate the market and get more coins.

Anyone here participated in Enigma ICO? When do we expect to get our ENG tokens?

Did anyone know that Silentnotary is having a presale at this moment and that they are going to adopt the platform of Universa?

Seems like neo is breaking out but i think btc will dominate this week. Thoughts?

Have you checked the website bestchange.com (and .ru if you are from post soviet). There are a lot of options for both get in and get out of crypto. Just expend a table on the left and search for the most appropriate direction for you.

Cashing out into fiat is not my problem since I really don't spend bulk of my money in fiat. And as a matter of priority, my bitcoin stay in my wallet. But some how one need to use exchange for trading and I am having problem withdrawing more than 2k

Do you have any source information for the “bitcoin lightning wallet” on 25-nov pls?

Suggestions what to do with our bitcoin? The the segwith2x worth the wait or should sale now and buy more after it crushes?

Guys in Bittrex the change % is UTC or my local time? If my local time then how does it calculate 12am to 11pm??

they are not really cashing out most of the time they are just playing the cards using their big pockets so they can manipulate the exchanges we are in.

Guys is it safe to buy BTC right now?

I would check the memory pool first. If its still very full with unconfirmed transactions then i would wait a bit.
Link : https://blockchain.info/charts/mempool-size

Hi does anyone have any experience in bot trading? And how were your outcome of it?

Anyone got a view on Cardano  (ADA)... the potential to be the new ETH network?

DOGE made an amazing bound in the last couple of hours. Moved 50% up. Can we expect the next pyramid?

Is QSP gonna keep pumping? or is it consolidating around ~1800? What do you think?

I use polo and leave about 100 BTC there for trading. When it comes time to withdraw it takes me weeks and some days I forget to do it so it takes even longer.. I have a 25,000 limit but still its not enough. I like Bittrex better for this one reason. Bitfinex is also good I haven't hit my limit there yet, if there is one.

When exiting to fiat I just use Canadian bitcoin exchanges and withdraw wire transfer and yes I pay my taxes.. 20%.

what coins have the fastest confirmation time that also have a large market cap?

The so-called whales do not withdraw the money they are simply transferring to other low-volume tokens. So this is their rising price. So they grew a lot more Btc. Just like today it's definitely doing that while whales and price increases of bitcoins have a big collapse bad happens. So let's get ready because once they've reached the $ 10,000 mark, many Holders will sell their bitcoins.

Hi guys, I want to buy 2k worth of Altcoins which ones do you suggest me?

Is anyone using CAT crypto trader bot? Or kind of auto trader bots? I'm interested

Some times use the bot easy to be managed by you but in another way just like this big bearish and that was very risky. i've used gunbot but I'n only used it in once time. because trade use the bot is not easy this time.
Especially about manage your amount. You can see about some people in the trading disccusion use bot also.

I think the VTC can go up to 0.00087 times. What do you think? Is it worth the investment?

Hello! Guys I am looking for coin under 1$ with some good Basics. maybe some coin that I can hold for 2 to 3 year. Am planning to add some more folios?

Elixir Coin (ELIX) is surprising...

they cashed in a way to enter an ico that would be successful and memasuka capital is very large. but before entering the funds to the ico whales will calculate carefully and mature whether ico can get a big profit or not.

An withdrawal of $2000 per day is a very small amount. Do you have your account verified? I believe that those limits are for legacy accounts, so I'm assuming that if you verify your identity you will be able to increase those limits. If I'm not mistaken, on coinbase and gdax for example, you can withdraw up to $15000 a day if you verify your account. Maybe this is still not much for big whales, but it probably helps a lot. Also I think you can discuss the withdrawal limits with them, so maybe those "special" users have bigger limits.

I don't think if whales are cashing out their profits since they are some sort of pure investors or big players. They would like to play the market to gain profits. These people are millionaires and don't bother cashing out for a celebration. They spend months or even years just to make the market alive. For me without whales cryptocurrency price will be as stable as fiat money and I think will not skyrocket that fast. Whales make the market to pump and sometimes dump so you are lucky enough if you can ride with the flow.

You ain't much of a whale if you can't actually get your money out. That makes you a prisoner. If you can't access your funds whenever you want, and all of them, then you're not a whale, you're a mark.

I am also curios about that. How can they let so many millions of $$$ on exchanges out of their control? I wonder how much money is sitting in Poloniex. Anyone a clue?

The poloniex ethereum cold wallet has $1.1 billion, and the bittrex wallet has the same in ethereum + ethereum tokens. Even etherdelta has $1.1 billion in tokens, all 3 are about the same looking at their ETH wallets alone.

Can anyone here tell me best undervalued coins to buy along with the best exchanges?

You just need to apply on the verification level of withdrawal
on Bittrex and Poloniex for you to have a big scale of withdrawal
mine is approved on bittrex for 100 bitcoin per day transaction.

just look for their instruction on their site on how to increase the
deposit/withdrawal transaction and just have a lot of patience on their approval
because it took always a lot of time before they going to notice and tell
either your approved or not and if your going to need to verify again to repeat
the process of accreditation and approval of your account.

Anybody know about goldpiece coin? (GP Coin) ...what's it's future total supply 2.8 millions

how to buy alt coins without the need of buying bitcoin first? or does it still worth it buying bitcoin and then buy alt with it rather than usd?

Guys, anybody know about Sintec ICO? I just found info on them on a forum, wanted to ask you. They got a token buyback program which compensate a price difference, the price of the crypto goes up all of a sudden.

Hey guys, quick opinion question for everyone, what is the most user friendly crypto trading platform that you know of?

They can sell their coins p2p or person to person,or they can convert it to usd and check it out in their personal bank accounts.

I think whales are not only Polonex for their manipulation of price, and they don't keep all your money on one exchange

most of them are cashing out using foreign bank accounts so there will no questions ask if they put billions of dollars on it.

I bet they're using offshores and local company that can't be tracked with income (laundering of money). Like some kind of an advertisement agencies with tons of mini-transactions, small corporate banks and similar to that. Because you can withdraw a huge sum, yes, but the bank will definitely block your account and start investigation where from and why did you got that hell lot of money.

What do you guys think, hold btc till this future thing or jump in alts?

Anyone knows how ro get ignis when holding nxt? Move from bittrex to nxt wallet and wait umtil 28 dec?

could someone explain why with nearly 9k btc in volume, xvg is trading at such low price?

I don't understand why bittrex is saying minimum trade requirement not met....I'm trading above 50000 who knows what can be wrong?

Guys? I just Sent some ether from mew To kucoin but it doesn't appear in The kucoin balance any idea?   

Maybe they are selling their holdings to p2p or person to person or they will dump their coins to the local exchanges.

I see/ hear that Salt is launching its platform on December 24th. Anyone knows what time and/ or where to find this? Can't seem to find it

What are some good alts to buy on the dip? planning to put 3k. was looking at salt, EOS. any suggestions?

When is the fork definitely happening and is it officially confirmed? Can't find any solid info, only rumours. Even the website isn't clear about it

Folks why is ripple increasing? Any news with the PoC between the Japanese and South Korean banks?

Could someone please provide some solid legit info about the upcoming BTC fork? Is it or is it not THE Segwit fork?

Question, should I move my BTC in my hard wallet to Kraken in order to get B2X?

Guys have you seen nxt colapse? That was very interesting to watch and learn

it should be no surprise to anyone. the sole reason for the pump was to get the new coins. now the moment has passed it's back to hell for nxt.

Im using kraken.com to deposit and withdraw fiat currency, in order to do this you need to verify your identity, currently im at tier 3 so this gives me opportunity to withdraw up to 200k USD in a month.
Tier 3
Deposit (fiat) (daily)              $25,000.00
Deposit (crypto)(daily)      No limit
Withdraw (fiat)(daily)              $25,000.00
Withdraw (crypto)(daily)           $50,000.00
Deposit (fiat)(monthly)      $200,000.00
Deposit (crypto)(monthly)      No limit
Withdraw (fiat)(monthly)           $200,000.00
Withdraw (crypto)(monthly)   $200,000.00

Are there any exchanges without limits for companies? Or individual agreements only?

any thoughts on cryptocurrencies being taxed??? I believe any gain over $600 is taxable so I guess expect 30% to be taken away well what's your thoughts?

I always wondered this too. How do they cash out amount because they don't put it into cheap coins for sue when all coins are bleeding and the billions of dollars are pulled out of market.

hey guys i am long BTC (Since 2012) and looking to get into altcoin investing..  any good resources you guys use?

I think that some people must be opening offshore corporations and accounts where there are tax havens and they can wire the money over that way. I do not know of any other way the big whales can take out their money legally, other than setting up companies in their own countries or offshore entities in offshore tax havens. I am not a whale so do not exactly know what they whales do, but I would think this is one option at least.

i think they might be already contact at poloniex and have a special threat. that way they can cash a high amount of money everyday without problem. we talk a big number so this make them a whales. poloniex need them to make their site active. so i think they has a special treatment.

What about LTC? Any news/update? I'm holding it (bought in November)...but, it's time to change with some alt?

anyone else has xrp? curious on when you will do payout, or hold on to it for long term.

any opinions on ltc or dash? Spread gains of ripple on them couple of weeks ago, thinking it was a good buy, starting to regret it, should i keep hodling?

I still want TRX, XLM and XVG, EOS in my portfolio, but scared for big correction, but also fomo. Which one is the safest atm?

Question, what do you recommend to transfer to binance to buy Alts, ETH or BTC?

So the problem of outputting large sums is relevant, because if a few people want to withdraw their millions, they will not be able to do this, because no exchanger will give them a sum now.

Does anyone recommend exchanging all LTC I have for ETH! Seems like LTC is just stuck at one place? Ethereum seems like a a better bet! Recommendations please guys?

USDT exists for a reason, I don't think they cash out, they just sell to USDT to re-buy later.

no mate the move of ltc is just normal better to hold and wait, as I heard some speculations that there will be some ico's that will
use this platform, so expect that ltc will be like eth someday, crypto circus will happen along the road mate.

Still not enough liquidity to cash out big sums of money in one going.
Really interested how big whales move their money.

Anyone with some ideas?

My whale friend is selling his BTC's or other coins by p2p transactions to prevent further regulation by our governments.

any good android app to keep track of wallets via api key? bittrex, bitfinex, binance?

Guys I just want to learn how to mine, any good YouTubers that explain it clearly and the different ways??

I know some people personally they are doing p2p transactions,bank2bank isnt a good idea because theres too much question about where did you get this money.

Guys quick question. Ada is proof of stake right. So u get Ada for Holding ada? I Read the roadmap but adas pos seems to be different from rise or others coins.

What's everyone feel on TRX? I've heard polar opposite more so than other coins

They have a buyer for sure or maybe they are just selling at each other because we all know that the whales got a lot of money and they can sell at each other without worrying for the money since they got a lot of it and they are just meeting at a place where they discussed about and make a peer to peer transaction.

Probably not bank2bank transactions it is too risky if you do that thing,a lot of banks are started closing bank accounts that has cryptocurrencies transactions.

It's easy, you only the exchange after you get proper verification, so you don't get your coins stuck. :)

Lets say I bought $100 xx coin. And it goes to profit, in this example 15%-20%. Is it a good idea to sell 50%-70% and keep the rest for long term (in case I find the product/whatever) useful and innovative?

Do we think trx is in an abc pattern down to 500ish, or do we expect it to rebound from current levels?

who know any exchange that works like local bitcoin (local trading, local payments system and local fiat) but for altcoins? kindly help with information

Hi all, Unfortunately, I've missed the ENG-train lately... Is it smart to buy now after these massive gains?

this post make me consider more about how this crypto trades work
and also I agree that most of the whales don't cash out frequently
they just manipulate it and just withdraw in necessary need

Guys how much is a good amount I can invest as a start in crypto. I am non-experienced and I am willing to follow signals from trusted groups to keep making profits. am I very optimistic?

easy, just trade on exchanges with the least fees and have direct payment to bank. not that hard.

General question: If you have 1.000 USD in BTC... would you trade 2 500 USD trades? Or 10 100USD trades? mid-term.

Anyone here holding NEOS? It has some good news and then became quite. Thoughts?

the biggest whales are exchange owners. They dont have such a problem at all  ;). And the other ones probably have some private aggrements with the exchanges about withdraw/deposit issues.

The question is not only about getting your coins liquidated but also the government policies once it hits your bank accounts.Government would want to know how you got rich so quick right ?

That is subjective and it totally depends on the strategy of your choice.I personally wouldn't hold anything if the prices peeks that much.

Bought some NEO @ $105, currently sitting at $140. Take profits now or anyone think it can go higher?

Most of the whales understands the market so well. before the crash they must seen it coming and they will cash out. which will make the market crash so quick over a night or within two days. that is why they are called whales 

I think their way to cash out their Altcoins is selling it in exchange for real property such as houses, car jewels and lands. That way they can sell their Tax Free tokens. And it's so easy because a lot of people are making interest in the crypto currency, Just like I watched a businessman sell his mansion to 3125 BTC! And it was also purchased by a businessman. You see? that's how powerful the Bitcoins and the altcoins are today

Guys, I’m thinking to try some investments platforms. Can u advise me anything? I’ve seen Safinus, covesting and ICONOMI

question: when should I buy tokens? I was late with pre-sale Adhive but I still want this one. will be the price on the 2 phase bigger or not?

I think they are not cashing out all  because they know if they stay on fiat, they will suffer an inflation of 2% yearly. They just dump their bitcoin and they will buy again on low and what they withdraw is purely bitcoin. The good thing about bitcoin is that you can sell it peer to peer without using coinbase or any centralize wallet address that could freeze your account. In terms of withdrawal limit on exchange, you can contact the support to upgrade your cash out and they will required you to submit proper documents  that is needed for verification.

This will be really pain in the ass for whales. They have to cash out small amount every single day to reach certain amount. But it is a good move by the exchange to prevent money laundering. Because this anonimity makes it very easy to money launder your dirty money

Not only this week, but BTC will dominate this whole month. I think the good traders are not cashing out alts now. They must be waiting for the alts to rise again to be able to make up profits with altcoins also. Selling now at cheap will only make them lose the money. If you have the altcoins, then just do not do anything now and wait till the prices rise again.