Do you have 100+ BTC ? - How do you plan to cashout ?

[Amph]

i'm not planning to cash out ever, i can use them to buy stuff  via purse.io, to buy games via steam and plenty of other thing, why i should ever think to use trash traceable fiat again?

besides this you can save plenty of money by using bitcoin as a currency instead of dumping for fiat

[crossabdd]

I have plans to cash out 50 bitcoin and make a business or investing in real.

then 50 bitcoin keep investment in bitcoin and grow it with some of the best ways.

[MarbleBoss]

"100 BTC is not a huge holding in the grand scheme of thinhgs"

Apparantly, $45,800 is not a huge holding. That's what someone earns in a year.

Depends on which country u r from. For some countries, u may have a decent lifestyle for 30 years with $45,800. Take note that bitcoin is a global currency.

[LiteCoinGuy]

"100 BTC is not a huge holding in the grand scheme of thinhgs"

Apparantly, $45,800 is not a huge holding. That's what someone earns in a year.

Depends on which country u r from. For some countries, u may have a decent lifestyle for 30 years with $45,800. Take note that bitcoin is a global currency.

correct. the question is, if 100 BTC is alot for an exchange and not if it is alot money for one person. Kraken is trading 10.000 BTC per day! and that is not the biggest exchange.

[MingLee]

If you haven't already been able to tell from my post history, I have far, far less than 100 BTC, and I'll be surprised if I ever hold that amount in my lifetime.

if I did have 100BTC, though, I would definitely not look at cashing out in the near future, as I would assume having that much money put in Bitcoin (or having held all of it for that long) means that I'm holding for value increases in the future. If I had any intent on cashing out chances are it would have been something far lower, like 1BTC and not a number as high as 100. Holding 100 BTC would also likely mean I am holding it as a store of value if not for investment appreciation, and I wouldn't be cashing out anytime soon.

[romero121]

I have plans to cash out 50 bitcoin and make a business or investing in real.

then 50 bitcoin keep investment in bitcoin and grow it with some of the best ways.

Bulk cash out is possible with few trading sites, in that too various limitations were there in transferring amount to the bank account. So its better to meet in personal and make the transaction.

[fenican]

Same way you would cash out any investment - use a reliable BTC to Fiat exchange such as Coinbase or find a local broker through localbitcoins

[PinkLlama]

"100 BTC is not a huge holding in the grand scheme of thinhgs"

Apparantly, $45,800 is not a huge holding. That's what someone earns in a year.

Depends on which country u r from. For some countries, u may have a decent lifestyle for 30 years with $45,800. Take note that bitcoin is a global currency.

correct. the question is, if 100 BTC is alot for an exchange and not if it is alot money for one person. Kraken is trading 10.000 BTC per day! and that is not the biggest exchange.

So Kraken is SERIOUSLY exchanging 10,000 BTC per day? How much of a fee do they take? 5%? 

[European Central Bank]

I have far less than 100 BTC but my sense is that with the proliferation of large exchanges such as Coinbase/Gemini in the US and Bitstamp in Europe, that there should not be an issue with getting liquidity.

100 BTC is not a huge holding in the grand scheme of thinhgs

I wouldn't be too happy about putting that much money through those places. They all seem more concerned about kissing regulator ass by questioning your every move than making sure you get a smooth experience.

[LFC_Bitcoin]

I don't have 100 bitcoin's but I read an article a while ago about OTC trades (over the counter). You could contact a bitcoin business/exchange etc & sell to them in one lump with cash at a slightly discounted price.

If you're looking to get rid of them all in one go, quickly then this is your best bet I imagine.

[Anno MMXVI]

No, I don't have them. If I would have them, this means that I would be either someone rich, and that case I would like to hide my money, or an early-adopter, so this mean that I believed in the project, so why would I want to quit this sytem that I saw growing ? In both case, I'd stay in Bitcoin and would not cash out.

[BitUsher]

[socks435]

As of now never reach this huge amount of bitcoin but if i am lucky to have it.. i just want to hold it and wait for block halving this is not the time to sell it and to cash out it into fiat.. because its more valuable if you wait for halving to be done..

[LiteCoinGuy]

"100 BTC is not a huge holding in the grand scheme of thinhgs"

Apparantly, $45,800 is not a huge holding. That's what someone earns in a year.

Depends on which country u r from. For some countries, u may have a decent lifestyle for 30 years with $45,800. Take note that bitcoin is a global currency.

correct. the question is, if 100 BTC is alot for an exchange and not if it is alot money for one person. Kraken is trading 10.000 BTC per day! and that is not the biggest exchange.

So Kraken is SERIOUSLY exchanging 10,000 BTC per day? How much of a fee do they take? 5%? 

http://exchangewar.info/#unisend

 

[BitUsher]

As of now never reach this huge amount of bitcoin but if i am lucky to have it.. i just want to hold it and wait for block halving this is not the time to sell it and to cash out it into fiat.. because its more valuable if you wait for halving to be done..

Like last halvening, Don't expect much of a pump due to the market pricing things in beforehand. A larger bubble won't likely happen till the end of this year, and before you start spending that bitcoin you may want to consider waiting for the bubble after the next bubble, 2017??? , because that could be the really big one due to initial uncertainty that a new ATH will sustain, it won't , there will be another large correction, but if the correction has a support that sits above 1,200 USD than that would be an extremely bullish level of confidence to every investor and the world at large that a disinflationary currency is a good store of value and will likely continue to appreciate in value.

Thus I plan on HodLing till at least 2017 than spending some (max half) slowly thereafter directly ... but never cashing out to fiat.

[veersing]

You can exchnage it through the exchnages which accept bitcoins

[Genius Einstein]

I am not even close to getting one bitcoin so it will take a long time to reach over a 100 bitcoin but if i did i would cash out via the bank.

[FARxYodakota77]

100btc i would sell i dont think it will peak that high again

[bitkilo]

I am not even close to getting one bitcoin so it will take a long time to reach over a 100 bitcoin but if i did i would cash out via the bank.

And which bank are you planning on walking into to cash out your bitcoins?

[avikz]

There are so many exchangers available in the market. A little google search will give you a list who can exchange between bitcoin and paypal.

Use more than 5 exchangers and use 10 BTC with each of them to your paypal account. Once you receive the funds in your paypal account, you can easily withdraw it to your bank accounts.

But yes, you have to disclose that earning to your tax file.