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Author Topic: What's the maximum amount of BTC you've sold at one time?  (Read 1701 times)
unusualfacts30 (OP)
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April 05, 2016, 06:47:37 AM
 #1

and successfully converted it to USD?

I'm afraid to convert too many at one time since I was reading some reddit post about how their bank closed their account after they received so much money. I think guy sold around 50 BTC at one time, which isn't even that much.

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franky1
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April 05, 2016, 06:55:19 AM
 #2

600.. but that was when bitcoin was only a few dollar each

im not bothered i still have more than i sold.

if you move over $10k in on lump or consecutive lumps in a short period of sameday-same week. expect banks to question it.
if you use localbitcoins/OTC expect some people to make a complaint to their bank and thus your bank in attempt to do the bank reversal (aka chargeback scamming)

your best bet is to pre-inform your bank that you are receiving funds and that it is coming from a legitimate company. that way they have less questions to ask or presume its dodgy instantly.

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April 05, 2016, 07:00:15 AM
 #3

Till now i have sold around 3 btc but not in one shot i use to sell every 10 or 20 days as i dont see the price just after i earn decent amount of bitcoins i just convert to my fiat currency and sell it.
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April 05, 2016, 09:04:22 AM
 #4

not much, 15-16 but not in one time because the exchange has a limit per day, but we can say that i did it in the same volley of payment

actually it was not for my personal purpose to dump, it was a loan for my family, a emergency we can say....
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April 05, 2016, 10:42:35 AM
 #5

1 BTCitcoin and it was at $200+ only back then. Most banks get alerted when sudden flow of cash gets deposited into users account (normally there's a limit that differs for each country). But there's another rules that given the work you have (real one), they check and if you earn in the same range normally (even if you don't say from where you got it), they won't suspends your bank account (assuming your wage is really above the limit in a normal basis).

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April 05, 2016, 10:48:32 AM
 #6

Recently sold 0.5 btc.My first time I sold and got money in bank.I know its a much smaller amount compared to what others have sold but being my first time makes it special to me

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April 05, 2016, 10:59:24 AM
 #7

When the Coine bot told me to buy some bitcoin, I bought 16 BTC. I was tempted to Gamble, and I gave in. So I ended up selling 13 BTC after the price of bitcoin went up $80. Well, I made a little profit. Imagine how much I would have made if I didn't gamble...
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April 05, 2016, 11:05:41 AM
 #8

I don't have much Bitcoin , so mine is so damn small it was around 0.1BTC.

faucet used to be profitable
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April 05, 2016, 02:06:50 PM
 #9

I think I have converted around 10 Bitcoins in total and I usually do SEPA transfers so I get the money deposited into my bank account pretty fast. I have converted also Bitcoin to PayPal but to a smaller extent. I haven't had any red flags raised by my bank but I try to withdraw small portions and not just one big lump sum at once. It's better to stay under the radar then to be sorry later on.
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April 05, 2016, 02:19:40 PM
 #10

It was 2 years ago. I saved up quiet some bitcoins and the price did go up. I then sold around 10 bitcoins witch is not that much. I could have sold much more but I decided to save some of my bitcoins.
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April 05, 2016, 03:55:13 PM
 #11

and successfully converted it to USD?

I'm afraid to convert too many at one time since I was reading some reddit post about how their bank closed their account after they received so much money. I think guy sold around 50 BTC at one time, which isn't even that much.

Every week i can sell up to 0.2 bitcoins and coverted it into my local money. And the maximum amount of bitcoin i have sold at one time is 2 bitcoins, it's when i win on gambling.
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April 05, 2016, 03:56:32 PM
 #12

I sold 20 when the price was above $800 and I have since invested most of that back into buying more Bitcoins... So I have nearly doubled, whatever I sold back then. You just need to spread

that selling of the coins over a longer period to draw less attention to yourself. Even doing it legally still draw attention to yourself from the fiat systems... Each country has it's own limits were you

are flagged for attention.

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April 05, 2016, 03:58:29 PM
 #13

Recently sold 0.5 btc.My first time I sold and got money in bank.I know its a much smaller amount compared to what others have sold but being my first time makes it special to me

Recently I too sold 0.5btc when the price was at the tag of $420. In a Short time after I sold the price fell to $416.

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April 05, 2016, 04:04:22 PM
 #14

I avoid selling more than fracture of bitcoin at once. I am patient and I don't need big amount of money. I am afraid that bank my question my money transfers coming from a bitcoin exchange.
It better to sell your bitcoin methodically little by little than cry later and explain to  banksters where you got your money from.


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April 05, 2016, 04:06:07 PM
 #15

and successfully converted it to USD?

I'm afraid to convert too many at one time since I was reading some reddit post about how their bank closed their account after they received so much money. I think guy sold around 50 BTC at one time, which isn't even that much.
yes its high level of risk to convert bitcoin to cash money with big amount,so i just convert it when i ned some cash moeny,bottom of 1 bitcoin its better for me,i'm also afraid to unpredict situation.
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April 05, 2016, 05:17:01 PM
 #16

I have converted 100$ to local cash at max. With the help or neteller and skrill as we don't have any local bitcoin exchanger available. I usually don't do this type of transaction rather than i do face to face deal for bitcoin. But 100$ is max with involving neteller, skrill and my local bank.

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April 05, 2016, 05:48:18 PM
 #17

Word of warning to any newbies trying to sell bitcoins. Don't use paypal because of the ability of scammers to do a chargeback. Nightmare scenario - sell your bitcoins, get the money & then lose the money.

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April 05, 2016, 05:56:40 PM
 #18

i don't ever have very much BTC but i was remember maximum amount of BTC i have sold at one time is 1 BTC and never sell more than that
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April 05, 2016, 06:05:06 PM
 #19

and successfully converted it to USD?

I'm afraid to convert too many at one time since I was reading some reddit post about how their bank closed their account after they received so much money. I think guy sold around 50 BTC at one time, which isn't even that much.

I once sold at 250 USD and that was the maximum amount that i sold at once, and unfortunately it was around 1 BTC at that time and it was a mistake selling at that price.
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April 05, 2016, 08:08:15 PM
 #20

i dont remember that,just trade in and trade out what i get,when i need money,i just trade bitcoin to local person,daily,weekly,monthly,its almost never big amount,i'm not take a risk to delaying and hacked transaction,its hurt.

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