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

[Drakrmaster]

After winning I'll put them in. A place where I can't access them for 3 month then I'll gamble to it 3x BTC
 

[rio3233]

Actually, i never have 100+ bitcoins because i always cash out once a week and i don't care about the amount that i cashout, but i always have a plan to cashout my bitcoins.

[iv4n]

I have some BTC (meets your requirements), don't plan to cash out. Thank you very much for asking!

It wasn't question do you have it, it was about how would you cash it in fastest possible way. I agree with most people about there is no need for cashing out such big amount. But if I need to do something like that, probably I would do it on several different exchanges.
Never put all eggs in one place, so split amount and on trusted places put more, on others less and that's it.

[Doms]

What I'd do if I were in your shoes is I'd create several wallets to put about 20 BTC in each account. Then, I'd create an account in a local exchange site with the least minimal fee and convert about 10 BTC to fiat, at a time. It's not the fastest way I could think but security of transfer and conversion is my priority here.

[sukamasoto]

When I'm decide to invest bitcoin , I will hold bitcoin as much as possible. I'm usually spend bitcoin when it has enough amount to purchase.
100 btc is the best amount to spend it out so mostly I will invest into land and house

[Herbert2020]

those who have 100+ bitcoins will never announce it here they have more than 45,000 USD at stake after all. so announcing it would be like becoming a target for attacks.

[exadex.org]

Bitcoin is cash, so there is no need to cash out. I think in some years almost every site will accept Bitcoin.

[maku]

If you have more than 100 BTC there is a chance that you also have some other assets gathered, after all you don't need do cash out all of it at once.
The best and safest option will be splitting your money and sell it little by little. Or spend directly.

[PsursV]

If you have more than 100 BTC there is a chance that you also have some other assets gathered, after all you don't need do cash out all of it at once.
The best and safest option will be splitting your money and sell it little by little. Or spend directly.

i think its some thing personal to answer. if a person have 100 bitcoin its mean that he is expert in bitcoin dealing, he also know the good and bad aspect of bitcoin collection, so i think he need no suggestion from any one

[Kakmakr]

What I'd do if I were in your shoes is I'd create several wallets to put about 20 BTC in each account. Then, I'd create an account in a local exchange site with the least minimal fee and convert about 10 BTC to fiat, at a time. It's not the fastest way I could think but security of transfer and conversion is my priority here.

At what dollar value, does the banks flag fiat transactions like this for AML requirements? $10 000 or less? Not that I am saying that I would want to avoid auditing, but I do not want to go through all of that, every time I get a deposit from a bank from an exchange.

I would rather buy property, when the price is high and then keep that as an investment. ^smile^

[Superbitzz]

Just prepare an account on exchange that you can trust

Many people trusted Mtgox and look what happened there.
--snip--

Have an account on exchange doesn't mean i keep my bitcoin there, i just sell/buy bitcoin and withdraw it immediately

why should some one tell you that how much bitcoin does we have, its some thing personal no one has the right to ask the question so i request to may fellow blease tray to avoid such kind of questions

[maudevang]

Do not Cash out 100 BTC now. Save them till halving. When you cash out on halving, you can enjoy greater profits from it. So be patient and wait for just less than ninety days.

Same thougths here,if ever I have 100 BTC. Ill wait this incoming halving period or extend another months to let it increase in value as I believe it will gain more.Then I will try to encash slowly,say 2 BTC per month

I wish I had so much Bitcoin and that is nice of course nice if you have that much but it wont be smart to cashout now because the value is not high enough to get that much profit.
So it would be better if you are waiting a longer time if the price is higher and that would be nice.

[Jasad]

This question is only for those with a considerable amount of BTC !!!!!
(Please, no satflaps)

If you are holding 100+ BTC
how do you plan to cash them out or say at least half of them, if BTC prices rises, but before bubble bursts
so how would you cash out 50 BTC quickly ?

i am mostly looking for answer that requires least amount of fees and effort,
exchanges like coinbase, you run the risk of them holding your BTC and questioning the source of your BTC etc.
i assume if price of BTC was say $2000 and you try withdrawing exchanging 50 btc for fiat,
it may raise a flag on their system

Localbitcoins, would be time consuming and hassle for such amounts
ATM you are paying 7%, not so bad if price has risen a shtload, but still be time consuming emptying the ATM everyday
and you may need to pay for a hotel to be near the ATM

Honestly i never have that amount of bitcoin,and yes maybe i will have problem to cash out all of that bitcoin,if i should cash out all that amount,i will use escrow and sell it to people 10BTC,and sell it to exchange about 50BTC,but i will not do it in one time,its too risky.

[Deepcleen]

I do not have 100+bitcoins. If I have, I will not cash out. I will buy things I like using the bitcoins.

[Denker]

Bitcoin is cash, so there is no need to cash out. I think in some years almost every site will accept Bitcoin.

Cash out of cash!
Yes you're right.The adoption and therefore acceptance of Bitcoin will spread more and more with the years coming.
And why shall I dump Bitcoin, which probably will rise in price, for something that is losing purchasing power since it exists.
That makes no sense!

[bias]

those who have 100+ bitcoins will never announce it here they have more than 45,000 USD at stake after all. so announcing it would be like becoming a target for attacks.

very true very few people will come out in the open to declare how much they are holding

[Kbitns]

Now i have more then one bitcoin with deferred investments, what are the profit i will get that i will cash out bitcoin as monthly base.

thanks

[blackmachinegun]

I have some BTC (meets your requirements), don't plan to cash out. Thank you very much for asking!

I think there are many reasons why someone does not do cashout and replace today to fiat. maybe they are waiting for higher prices again due to profit. or perhaps the purchase price was still higher than the current price. because the price down a little if you have 100 BTC then you will lose a very large

[delliaerd]

If you have 100+ coins i wont sell them yet just wait for a price rising. You will get much more coins
if you just hold them for a period and check everyday the value of the coin.

I think 100+ bitcoin is very much for me to have it. But when you starting to wait the price of bitcoin increase, and the result after few months the price of bitcoin not increase, it will be your problem dude.

[dinda22]

if I have 100BTC. I will hold and wait for higher prices, at least above $700 then I would sell it

but I will use 10BTC for trading.