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JackH (OP)
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June 16, 2011, 11:34:19 AM |
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If I want to move 250.000$ how can I get the equivalent in BTC for that. It seems that MtGox doesnt allow for more than 1000$ a day. So how on earth can someone ever move large amount of money to BTC?
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<helo> funny that this proposal grows the maximum block size to 8GB, and is seen as a compromise
<helo> oh, you don't like a 20x increase? well how about 8192x increase?
<JackH> lmao
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stic.man
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June 16, 2011, 11:42:47 AM |
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contact them directly and they can allow you to withdraw more, but you'll have to have more proof of identity so they can adhere to proper laws.
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Grant
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June 16, 2011, 11:44:05 AM |
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If I want to move 250.000$ how can I get the equivalent in BTC for that. It seems that MtGox doesnt allow for more than 1000$ a day. So how on earth can someone ever move large amount of money to BTC?
Send them a copy of your ID and they'll increase your limits based on your risk profile. |
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wumpus
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June 16, 2011, 11:44:45 AM |
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Moving more than $1000 INTO mtgox is not a problem. Moving it out is another story.
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Bitcoin Core developer [PGP] Warning: For most, coin loss is a larger risk than coin theft. A disk can die any time. Regularly back up your wallet through File → Backup Wallet to an external storage or the (encrypted!) cloud. Use a separate offline wallet for storing larger amounts. |
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shady financier
Member
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Activity: 84
Merit: 10
etcetera
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June 16, 2011, 11:46:06 AM |
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Place demand across the bigger exchanges and let the price move up and cover your dollars. If you're buys move btc up to $50 /btc for instance then it should be easier to cover, you may have to wait to cash it all out again though but I'm sure the market will stick to the new price level, continue on up probably.
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1G8AUgSTAw8hfatNnDHuYEqBAUzC3qvAAL Bitcoin news: http://thebitcoinsun.com/Rapidlybuybitcoin here.The value of goods, expressed in money, is called “price”, while the value of money, expressed in goods, is called “value”. C. Quigley |
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Tril
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June 16, 2011, 11:46:58 AM |
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E-mail this question to btcupd at mtgox.com and you will find help.
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JackH (OP)
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June 16, 2011, 11:48:33 AM |
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Once its safely stored in BTC there is no problem from my point of view. Its going to be the currency of the future anyway, its just a matter of time before enough merchants start offering BTC payments and it will be used for the majority of internet purchases.
But sure cashing out is also convenient to do, but again, its all about time I am sure.
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<helo> funny that this proposal grows the maximum block size to 8GB, and is seen as a compromise
<helo> oh, you don't like a 20x increase? well how about 8192x increase?
<JackH> lmao
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bitplane
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June 16, 2011, 12:04:29 PM |
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Once its safely stored in BTC there is no problem from my point of view. Its going to be the currency of the future anyway, its just a matter of time before enough merchants start offering BTC payments and it will be used for the majority of internet purchases.
But sure cashing out is also convenient to do, but again, its all about time I am sure.
If I had $250k of BitCoin I'd be cashing a lot of it and paying off my mortgage. Given the choice between being a slave now and maybe very rich tomorrow, or being free forever but most likely poor in the future, I'd choose the latter every time. |
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error
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June 16, 2011, 02:12:13 PM |
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Just wire your 250,000 to mtgox and put in a buy order. Then watch the price shoot up to $25.  |
3KzNGwzRZ6SimWuFAgh4TnXzHpruHMZmV8
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JellyfishRancher
Newbie
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Merit: 0
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June 16, 2011, 03:08:15 PM |
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Based on the current market depth, buying $250k worth of BTC on mtgox would drive the price up to almost $24!
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tymothy
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June 16, 2011, 03:09:36 PM |
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Be sure to PM us all before you buy.  |
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DamienBlack
Jr. Member
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June 16, 2011, 03:10:07 PM |
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Based on the current market depth, buying $250k worth of BTC on mtgox would drive the price up to almost $24!
Which is also why I feel like this thread is a bull troll. |
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JackH (OP)
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June 16, 2011, 04:06:49 PM |
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Which is why is said IF!
I did not say when, I just asked how. How because if there is no real easy option for it, then we will never get BTC up and running in a high gear. At the moment I am NOT planning to spend 250.000$ to put into BTC, but I was wondering how it would be possible for such a large amount to be exchanged since its a mayor factor in respect to the BTC success.
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<helo> funny that this proposal grows the maximum block size to 8GB, and is seen as a compromise
<helo> oh, you don't like a 20x increase? well how about 8192x increase?
<JackH> lmao
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[Coins!]
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Merit: 10
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June 16, 2011, 04:27:14 PM |
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Which is why is said IF!
I did not say when, I just asked how. How because if there is no real easy option for it, then we will never get BTC up and running in a high gear. At the moment I am NOT planning to spend 250.000$ to put into BTC, but I was wondering how it would be possible for such a large amount to be exchanged since its a mayor factor in respect to the BTC success.
And now that this question has been asked and answered (i.e. How do I put more than $1000 USD into Mt.Gox to buy Bitcoins) it will show up on search engines and the like. Seems straightforward enough to me: either send in an ID, or create 250 $1000 accounts on Mt.Gox. |
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bitcoinminer
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June 16, 2011, 04:32:53 PM |
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Once its safely stored in BTC there is no problem from my point of view. Its going to be the currency of the future anyway, its just a matter of time before enough merchants start offering BTC payments and it will be used for the majority of internet purchases.
But sure cashing out is also convenient to do, but again, its all about time I am sure.
If I had $250k of BitCoin I'd be cashing a lot of it and paying off my mortgage. Given the choice between being a slave now and maybe very rich tomorrow, or being free forever but most likely poor in the future, I'd choose the latter every time. +1 |
Be fearful when others are greedy, and greedy when others are fearful.
-Warren Buffett
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