Where can I sell a large portion of my Bitcoins at once?

[Shasta McNasty]

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

[xhomerx10]

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.

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

[Alley]

Coinbase lets you sell $50k a day.

[alani123]

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.  

[AgentofCoin]

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.

[Shasta McNasty]

Coinbase lets you sell $50k a day?

[Alley]

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

[xhomerx10]

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

[bitbaby]

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.

[Kaneki]

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

[QuestionAuthority]

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

[Amph]

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

[Sithara007]

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.

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.

[ikydesu]

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


~iki

[S4VV4S]

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

[S4VV4S]

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

[Jeremycoin]

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.

[dquancey]

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.

[EMIF]

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. 

[Snail2]

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.

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.