Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: HassaanAbdeen on January 07, 2018, 06:36:01 PM



Title: Depositing 3 Million GBP in BTC into a bank account
Post by: HassaanAbdeen on January 07, 2018, 06:36:01 PM
Someone on LinkedIn posted the following message:

“I need a bank account to put 3 Million pounds of Bitcoins money through in fiat currency from a LTD company.”

This matter was on my mind for a while. How does those rich on Cryptocurrency paper manage to cash their wins? Clearly, there are people facing this dilemma already.

Any solutions?

DISCLAIMER
I’m not facing this problem, not even close.  ;)


Title: Re: Depositing 3 Million GBP in BTC into a bank account
Post by: jbautistangina on January 07, 2018, 06:44:39 PM
Someone on LinkedIn posted the following message:

“I need a bank account to put 3 Million pounds of Bitcoins money through in fiat currency from a LTD company.”

This matter was on my mind for a while. How does those rich on Cryptocurrency paper manage to cash their wins? Clearly, there are people facing this dilemma already.

Any solutions?

DISCLAIMER
I’m not facing this problem, not even close.  ;)
They have connections thats why they can easily cash it out unlike us normal people we dont have such connections,probably most of these whales are connected to some financial institutions like wallstreet and CMEs,thats why they dont have problems liquidating most of their cryptocurrency holdings.


Title: Re: Depositing 3 Million GBP in BTC into a bank account
Post by: odolvlobo on January 07, 2018, 06:51:18 PM
The big exchanges are big enough and liquid enough for someone to sell bitcoins worth $ millions over a short period of time. Gemini has an auction twice per day.