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Author Topic: What is the most efficient method of selling large quantities of BTC?  (Read 1140 times)
madmadmax
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March 22, 2013, 04:21:32 AM
 #1

Basically the subject line, also what are the benefits of using Skrill instead of PayPal with these trusted parties? Is the ol' meet and exchange applicable, how do you protect yourself in such events (sounds like a drug deal lol)?








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March 22, 2013, 04:25:38 AM
 #2

Do not use Skrill or Paypal. If you dont't want to use MtGox then you should do it locally at a bank or somewhere public.

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March 22, 2013, 04:28:52 AM
 #3

What do you mean by "large quantities" ? There are a few direct buyers of BTC here. FastCash4Bitcoins is one.

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March 22, 2013, 04:33:09 AM
 #4

http://www.youtube.com/watch?v=s5Lo30EC0IQ&feature=youtu.be&t=2m15s    Cheesy

if i was you, i'd buy some gold and silver with your bitcoins...

Holding USD at this time is ... kinda crazy...

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March 22, 2013, 04:39:08 AM
 #5

Depends on what you need the wealth for.

If you're simply trying to get out of Bitcoin, move directly into an undervalued asset without converting to fiat first.  Doing that and you save yourself a huge amount of headaches (as well as new regulations).

Best options I see right now:

Gold, silver, platinum

And/or

Litcoin, namecoin

And if you're lucky enough buy direct whatever you need with Bitcoins.
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March 22, 2013, 04:40:38 AM
 #6

I would sell them in smallest lots you can deal with if that makes any sense, that way you get your profit and also don't fall for a scam you also won't end up borking the Bitcoin economy too much either if you sell the coins in batches rather than all at once but I think the volume is a lot bigger now so it may well be that the price won't get affected as much by large trades.

Sage pretty much has the right idea as well, it might be a good thing to diversify in precious metals too so your fiat doesn't immediately lose value the second you cash out.
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March 22, 2013, 04:41:25 AM
 #7

Have a look here http://bitcoin-otc.com/ or go to #bitcoin-otc on freenode.

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madmadmax
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March 22, 2013, 04:48:08 AM
 #8

I would sell them in smallest lots you can deal with if that makes any sense, that way you get your profit and also don't fall for a scam you also won't end up borking the Bitcoin economy too much either if you sell the coins in batches rather than all at once but I think the volume is a lot bigger now so it may well be that the price won't get affected as much by large trades.

Sage pretty much has the right idea as well, it might be a good thing to diversify in precious metals too so your fiat doesn't immediately lose value the second you cash out.

That's the same thing I have thought of.

Mt Gox opens you up to the same risks as any other method of exchanging bitcoin so I don't think why people keep thinking you're somehow invulnerable if you sell there.








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rpietila
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March 22, 2013, 06:06:28 AM
 #9

I would sell them in smallest lots you can deal with if that makes any sense, that way you get your profit and also don't fall for a scam you also won't end up borking the Bitcoin economy too much either if you sell the coins in batches rather than all at once but I think the volume is a lot bigger now so it may well be that the price won't get affected as much by large trades.

Sage pretty much has the right idea as well, it might be a good thing to diversify in precious metals too so your fiat doesn't immediately lose value the second you cash out.

That's the same thing I have thought of.

Mt Gox opens you up to the same risks as any other method of exchanging bitcoin so I don't think why people keep thinking you're somehow invulnerable if you sell there.

I have the opposite idea, I am searching for ways to buy bitcoin without being scammed. How about I will sell you BTC2000 worth of silver, we can arrange the delivery of goods in Europe? You can select your preferred form of silver from: 90% circulated U.S. coins, or 1oz Canada Maple Leafs.

Risto


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March 22, 2013, 06:46:39 AM
 #10

I would sell them in smallest lots you can deal with if that makes any sense, that way you get your profit and also don't fall for a scam you also won't end up borking the Bitcoin economy too much either if you sell the coins in batches rather than all at once but I think the volume is a lot bigger now so it may well be that the price won't get affected as much by large trades.

Sage pretty much has the right idea as well, it might be a good thing to diversify in precious metals too so your fiat doesn't immediately lose value the second you cash out.

That's the same thing I have thought of.

Mt Gox opens you up to the same risks as any other method of exchanging bitcoin so I don't think why people keep thinking you're somehow invulnerable if you sell there.

I have the opposite idea, I am searching for ways to buy bitcoin without being scammed. How about I will sell you BTC2000 worth of silver, we can arrange the delivery of goods in Europe? You can select your preferred form of silver from: 90% circulated U.S. coins, or 1oz Canada Maple Leafs.

Risto




Sound like a load of bs I don't want to be found dead near of.

Gold/silver can be easily faked and just 200 things could go wrong, not that great to exchange for btc.








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rpietila
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March 22, 2013, 07:10:49 AM
 #11

Sound like a load of bs I don't want to be found dead near of.

Gold/silver can be easily faked and just 200 things could go wrong, not that great to exchange for btc.

Just please check the credentials of the people you're replying to, FIRST  Wink
madmadmax
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March 22, 2013, 07:48:14 AM
 #12

Sound like a load of bs I don't want to be found dead near of.

Gold/silver can be easily faked and just 200 things could go wrong, not that great to exchange for btc.

Just please check the credentials of the people you're replying to, FIRST  Wink

It is irrelevant anyway since I want the evil gov money in my bank instead of having to sell that physical silver with the same hassles I sell bitcoin.








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rpietila
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March 22, 2013, 08:08:04 AM
 #13

Sound like a load of bs I don't want to be found dead near of.

Gold/silver can be easily faked and just 200 things could go wrong, not that great to exchange for btc.

Just please check the credentials of the people you're replying to, FIRST  Wink

It is irrelevant anyway since I want the evil gov money in my bank instead of having to sell that physical silver with the same hassles I sell bitcoin.

Okay, sorry for bothering you. Please PM how much you want and in what currency, if still interested.
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March 22, 2013, 08:08:21 AM
 #14



Sound like a load of bs I don't want to be found dead near of.

Gold/silver can be easily faked and just 200 things could go wrong, not that great to exchange for btc.

Think just a little. Taking a low value of "large" you're looking at a setup that can fake weight and mint quality on hundreds of Maple Leafs. If you think that's possible/profitable, think about doing the same on a random mix of 10 times as many US dimes and quarters, and faking a varying amount of pocket wear.

Reality please.
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