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Author Topic: Selling large amount of bitcoins (converting to fiat)  (Read 2365 times)
Alonzo Ewing (OP)
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November 26, 2013, 04:48:49 AM
 #1

I'm not quite at the point yet, but I'm guessing that in less than a year, I'll be selling a large amount of bitcoins.  I'm worried there's no provider out there right now that will be able to wire that much fiat back to me (>$10,000,000) due to withdrawal limits.  What is the best way to do this? 
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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/dev/null
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November 26, 2013, 04:51:07 AM
 #2

Do cash deals in parts with different peoples.

Also check localbitcoins.com

dominicwin
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November 26, 2013, 05:07:40 AM
 #3

I'm sure you will have more options next year. I imagine a lot will happen by then. More than likely you will need to spread it out over some time.

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BitCloud
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November 26, 2013, 05:11:38 AM
 #4

get a good CPA first
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November 26, 2013, 11:17:04 AM
 #5

There are a few very reliable members of Local bitcoins.com. One being a guy named :"theoutsider". I am not too shabby myself and am looking to buy in now.. I have PaySafe fraud protection on my BoA account.

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November 26, 2013, 08:36:47 PM
 #6

Proceed with caution, his bitcointalk account:

"Date Registered:   March 10, 2013, 11:08:41 PM"

You really think a $10,000,000 holder in bitcoin wouldn't have been on this forum prior to March?

Proceed with caution.
deadweasel
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November 26, 2013, 08:41:46 PM
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Proceed with caution, his bitcointalk account:

"Date Registered:   March 10, 2013, 11:08:41 PM"

You really think a $10,000,000 holder in bitcoin wouldn't have been on this forum prior to March?

Proceed with caution.


Should anyone choose to proceed:

Use vetted Escrow!

providers36
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September 30, 2015, 10:51:49 PM
 #8

i'm very interested to buy BTC if u still have big chunks to sell (up to 1000 btc peer transfer)if u interested pls replay to me .Thanks
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October 01, 2015, 02:00:27 AM
 #9

i'm very interested to buy BTC if u still have big chunks to sell (up to 1000 btc peer transfer)if u interested pls replay to me .Thanks
You're digging a 2 years old post. And seems, OP is not much active in this forum.
hua_hui
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October 01, 2015, 05:30:39 AM
 #10

i'm very interested to buy BTC if u still have big chunks to sell (up to 1000 btc peer transfer)if u interested pls replay to me .Thanks

It is 2 years ago thread. So he may have cash out previously already as he say he will cash out in 1 year.
Mickeyb
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Move On !!!!!!


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October 01, 2015, 01:12:21 PM
 #11

i'm very interested to buy BTC if u still have big chunks to sell (up to 1000 btc peer transfer)if u interested pls replay to me .Thanks
You're digging a 2 years old post. And seems, OP is not much active in this forum.

Yes, I am pretty sure he cashed them out already, if he had them in the first place! I mean $10 million worth of Bitcoin!!
allyouracid
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October 01, 2015, 09:14:54 PM
 #12

Yeah, I think he didn't even own that much. Probably this post was just to who knows what. All kinds of weird people with even weirder stories in here.

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October 02, 2015, 08:34:21 PM
 #13

The internet is a strange place at times  Tongue

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