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Title: High Value Sell -- how? Post by: bitcoinrocks on May 16, 2014, 02:45:46 PM When the BTC price goes crazy again (this summer?) and I want to cash some out to buy a house, it looks like I will have to do it slowly over a period of many days due to Coinbase's $50K daily withdrawal limit. Is there a better way?
Title: Re: High Value Sell -- how? Post by: coinnewbit on May 16, 2014, 02:46:46 PM When the BTC price goes crazy again (this summer?) and I want to cash some out to buy a house, it looks like I will have to do it slowly over a period of many days due to Coinbase's $50K daily withdrawal limit. Is there a better way? Woah, how much are you planning to cash out?Title: Re: High Value Sell -- how? Post by: bitcoinrocks on May 16, 2014, 02:47:49 PM Quote Woah, how much are you planning to cash out? Not that much by today's standards, it's just that I expect the price to go nuts. You'll be rich too. :) Title: Re: High Value Sell -- how? Post by: coinnewbit on May 16, 2014, 02:49:35 PM Quote Woah, how much are you planning to cash out? Not that much by today's standards, it's just that I expect the price to go nuts. You'll be rich too. :) Title: Re: High Value Sell -- how? Post by: bitcoinrocks on May 16, 2014, 02:51:00 PM I think it will go a lot higher than that but maybe not for very long. That's what distresses me about having to sell over a period of days. I could see it really stable at $5K.
Title: Re: High Value Sell -- how? Post by: coinnewbit on May 16, 2014, 02:52:58 PM Hmm. What could do that, perhaps only an anonymous pump and dump by a swiss bank or huge investor? I can foresee that occurring thoug, perhaps even now they are already collecting btc slowly.
Title: Re: High Value Sell -- how? Post by: ChuckBuck on May 16, 2014, 02:54:35 PM Don't sell so much BTC at once, that's how the price lowers... :'(
Title: Re: High Value Sell -- how? Post by: hamza171 on May 16, 2014, 03:12:44 PM I'd slow down too ,because I'll regret if I cashed-out now then hearing about the btc value getting high again in few moths , I recommend buying that house by instalment .
Title: Re: High Value Sell -- how? Post by: franky1 on May 16, 2014, 03:20:24 PM When the BTC price goes crazy again (this summer?) and I want to cash some out to buy a house, it looks like I will have to do it slowly over a period of many days due to Coinbase's $50K daily withdrawal limit. Is there a better way? speak to private investors wanting to buy in. EG bitcoin-OTC, as these transactions do not show on a 'bitcoin value' exchange, the price wont cause a crash. most OTC traders buy bitcoins and sell privately far away from exchanges and the ricipiants then hoard coins far away from exchanges. normally best to only deal with business men like the guys behind bitpay that may want to increase their bitcoin reserves now they have $30million in fiat. even the winklevosses and their ilk may want to have more bitcoins. or yes simply sell slowly on an exchange. Title: Re: High Value Sell -- how? Post by: roslinpl on May 16, 2014, 03:55:01 PM This thread should be in Bitcoin Forum > Economy > Economics > Speculation subforum..
Anyway there are many speculations about future price and nearest rally. Today I found : https://bitcointalk.org/index.php?topic=611268.0 and I must say I believe what author is showing to us is quite possible ;) Title: Re: High Value Sell -- how? Post by: Nathan101 on May 16, 2014, 04:01:09 PM You can use your Bitcoin to buy product. I am not sure is it a good way to spend your Bitcoin or not. Just my personal opinion.
Title: Re: High Value Sell -- how? Post by: sleepygeekygeek on May 16, 2014, 04:14:17 PM I think coinbase changes the terms of deposit and withdraws all the time. You could buy 50 btc a year ago and now it's limited to 3,000 dollars. Could you still sell 50K worth of btc?? I wouldn't be surprised if you are limited to selling 5,000 dollars worth in one day. Hey best thing is to sell a few everyday in a month but then there might be red flags raised by your bank...
Title: Re: High Value Sell -- how? Post by: RodeoX on May 16, 2014, 04:25:13 PM I would try lining up a buyer in real life and keep off the exchanges.
Title: Re: High Value Sell -- how? Post by: toffoo on May 16, 2014, 10:26:46 PM Maybe try SecondMarket. I think they announced something a while back where you can trade direct with them, minimum trade 25 BTC.
Title: Re: High Value Sell -- how? Post by: bitcoinrocks on May 23, 2014, 10:00:48 PM It sounds like OTC trades would be the way to go. bitcoin-otc.com and secondmarket.com are good suggestions. Any others?
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