Which Bitcoin amount could be the max to exchange to fiat?

[sebr1ng]

This turned out to be a nice debate

I guess if one should own that an amount he'd find a way to cash under the radar... But in general I'd hodl and then if it would arise to insane amounts that I couldn't spend in a lifetime I'd of course make some anonymous donation. Though my wife says - there's never so much money that one couldn't spend

[South Park]

Maybe this is a bit phylosophical topic, but the other day I was wondering at which Bitcoin amount it doesn't matter anymore if you're getting more Bitcoin, since you can't exchange it to fiat.

Example:
At the current price of app. 4500 $ per BTC you can exchange to fiat:
100 BTC = 450.000 $ / no problem
1.000 BTC = 4.500.000 $ / a bit of problem
10.000 BTC = 45.000.000 $ / a problem
100.000 BTC = 450.000.000 $ / a big problem
...

See where I'm going? And that's at the current price. I could get even more interesting when the price will be 10.000 $ per Bitcoin or even more. 

How do you exchange 45M$? or 450M? So does it make any difference if you hodl 10.000 BTC or 100.000 BTC, since you can't exchange it to fiat anyway without raising suspicion, even if you're very well connected?

What would be the breaking or maybe maximum point of Bitcoin still exhangeable to fiat?
What's your take on that?

The few that have those problems, the whales, are not cashing out, I think they are waiting for the day they can buy stuff with bitcoin directly, if I remember correctly some markets of luxury good for bitcoin have been created so you could use your bitcoin to buy those and then sell them if you want fiat.

[Wipro]

Maybe this is a bit phylosophical topic, but the other day I was wondering at which Bitcoin amount it doesn't matter anymore if you're getting more Bitcoin, since you can't exchange it to fiat.

Example:
At the current price of app. 4500 $ per BTC you can exchange to fiat:
100 BTC = 450.000 $ / no problem
1.000 BTC = 4.500.000 $ / a bit of problem
10.000 BTC = 45.000.000 $ / a problem
100.000 BTC = 450.000.000 $ / a big problem
...

See where I'm going? And that's at the current price. I could get even more interesting when the price will be 10.000 $ per Bitcoin or even more. 

How do you exchange 45M$? or 450M? So does it make any difference if you hodl 10.000 BTC or 100.000 BTC, since you can't exchange it to fiat anyway without raising suspicion, even if you're very well connected?

What would be the breaking or maybe maximum point of Bitcoin still exhangeable to fiat?
What's your take on that?

The few that have those problems, the whales, are not cashing out, I think they are waiting for the day they can buy stuff with bitcoin directly, if I remember correctly some markets of luxury good for bitcoin have been created so you could use your bitcoin to buy those and then sell them if you want fiat.

Whales mostly never do saving like middle class people. They will choose the right option to invest the money in the proper channel for their money to work for them. Therefore, bitcoin is best channel for them. Most of the whales started invest and create a own gambling site to get all bitcoiners money easily without big efforts. In gambling always gambling site is winner since they have a daily winner or anything.

[Bram 888]

it is depend on trasn fee

sat/sec

so if you increase it trans time will run so fast but will limit

 i think 10M will take less than day with high fee

[Webetcoins]

I don't see how could this be a problem. Why would you exchange huge amounts of fiat worth of bitcoin? If BTC has a big value, and you have a lot of them, you just exchange small amounts of BTC, that are accepted. That happens with everything you hold I guess, not just bitcoin. If you think you have so many BTC that you can't spend them in your life time, why don't you just donate some. Again, I don't really see this as a problem.

Well the price of the bitcoin is not yet stopped growing it is still increasing in the price and will be the best currency forever so in this situation I will not exchange my all bitcoin into fiat money. I want to leave my bitcoin as it is and not wanna change it so that in the future I will be able to increase my income I want to keep my bitcoin in the wallet so that it will not let other to steal my bitcoin so I am fine with keeping my bitcoin.

[machinek20]

Why you dont exchange it little by little, if you exchange a huge amount the government will be suspicious, I know that feeling because I also ever thought about this problem, the solution is to exchange it a little by a little without rising suspicious, or you can borrow your friends account, for me the higher the price the better my life will be

[sebr1ng]

Maybe this is a bit phylosophical topic, but the other day I was wondering at which Bitcoin amount it doesn't matter anymore if you're getting more Bitcoin, since you can't exchange it to fiat.

Example:
At the current price of app. 4500 $ per BTC you can exchange to fiat:
100 BTC = 450.000 $ / no problem
1.000 BTC = 4.500.000 $ / a bit of problem
10.000 BTC = 45.000.000 $ / a problem
100.000 BTC = 450.000.000 $ / a big problem
...

See where I'm going? And that's at the current price. I could get even more interesting when the price will be 10.000 $ per Bitcoin or even more. 

How do you exchange 45M$? or 450M? So does it make any difference if you hodl 10.000 BTC or 100.000 BTC, since you can't exchange it to fiat anyway without raising suspicion, even if you're very well connected?

What would be the breaking or maybe maximum point of Bitcoin still exhangeable to fiat?
What's your take on that?

The few that have those problems, the whales, are not cashing out, I think they are waiting for the day they can buy stuff with bitcoin directly, if I remember correctly some markets of luxury good for bitcoin have been created so you could use your bitcoin to buy those and then sell them if you want fiat.

I agree with the point - I too think that all the big hodlers wait for the times where you can buy directly with Bitcoin.

[sindikat]

I think that people pay too much attention to the problems of how to save your money. It is not correct. I think you need to pay more attention to how to earn more money to have enough for the purchase of various goods and left for savings.

[CyberKuro]

How do you exchange 45M$? or 450M? So does it make any difference if you hodl 10.000 BTC or 100.000 BTC, since you can't exchange it to fiat anyway without raising suspicion, even if you're very well connected?

That's the problem and that's why a country regulate about exchanges or how much money you can transfer in a day using banks.
In that case, if you want to convert like BTC100, just go to the exchange office and transact over the counter, buy and sell directly to the exchange without trading in exchange (https://www.youtube.com/watch?v=Zw844AtuOAo). How much to buy or sell? Depend on the exchanges, how much they have in their wallet.

[hellen xaveria]

Why you dont exchange it little by little, if you exchange a huge amount the government will be suspicious, I know that feeling because I also ever thought about this problem, the solution is to exchange it a little by a little without rising suspicious, or you can borrow your friends account, for me the higher the price the better my life will be

totally agree because in this way the transaction looks normal, so there is no arising suspicion from the government with the number of our transactions
while waiting for bitcoin prices to go up further for a better future

[South Park]

Maybe this is a bit phylosophical topic, but the other day I was wondering at which Bitcoin amount it doesn't matter anymore if you're getting more Bitcoin, since you can't exchange it to fiat.

Example:
At the current price of app. 4500 $ per BTC you can exchange to fiat:
100 BTC = 450.000 $ / no problem
1.000 BTC = 4.500.000 $ / a bit of problem
10.000 BTC = 45.000.000 $ / a problem
100.000 BTC = 450.000.000 $ / a big problem
...

See where I'm going? And that's at the current price. I could get even more interesting when the price will be 10.000 $ per Bitcoin or even more.  

How do you exchange 45M$? or 450M? So does it make any difference if you hodl 10.000 BTC or 100.000 BTC, since you can't exchange it to fiat anyway without raising suspicion, even if you're very well connected?

What would be the breaking or maybe maximum point of Bitcoin still exhangeable to fiat?
What's your take on that?

The few that have those problems, the whales, are not cashing out, I think they are waiting for the day they can buy stuff with bitcoin directly, if I remember correctly some markets of luxury good for bitcoin have been created so you could use your bitcoin to buy those and then sell them if you want fiat.

Whales mostly never do saving like middle class people. They will choose the right option to invest the money in the proper channel for their money to work for them. Therefore, bitcoin is best channel for them. Most of the whales started invest and create a own gambling site to get all bitcoiners money easily without big efforts. In gambling always gambling site is winner since they have a daily winner or anything.

But while they are earning more bitcoin and that is always good, they are making the issue of cashing out even larger, by having and operating a bitcoin casino you are only getting more bitcoin not fiat, so it will be very difficult to turn all your coins to fiat immediately so you need to think of another way to do that if you were a whale.

[AleSergio]

Maybe this is a bit phylosophical topic, but the other day I was wondering at which Bitcoin amount it doesn't matter anymore if you're getting more Bitcoin, since you can't exchange it to fiat.

Example:
At the current price of app. 4500 $ per BTC you can exchange to fiat:
100 BTC = 450.000 $ / no problem
1.000 BTC = 4.500.000 $ / a bit of problem
10.000 BTC = 45.000.000 $ / a problem
100.000 BTC = 450.000.000 $ / a big problem
...

See where I'm going? And that's at the current price. I could get even more interesting when the price will be 10.000 $ per Bitcoin or even more.  

How do you exchange 45M$? or 450M? So does it make any difference if you hodl 10.000 BTC or 100.000 BTC, since you can't exchange it to fiat anyway without raising suspicion, even if you're very well connected?

What would be the breaking or maybe maximum point of Bitcoin still exhangeable to fiat?
What's your take on that?

The few that have those problems, the whales, are not cashing out, I think they are waiting for the day they can buy stuff with bitcoin directly, if I remember correctly some markets of luxury good for bitcoin have been created so you could use your bitcoin to buy those and then sell them if you want fiat.

Whales mostly never do saving like middle class people. They will choose the right option to invest the money in the proper channel for their money to work for them. Therefore, bitcoin is best channel for them. Most of the whales started invest and create a own gambling site to get all bitcoiners money easily without big efforts. In gambling always gambling site is winner since they have a daily winner or anything.

But while they are earning more bitcoin and that is always good, they are making the issue of cashing out even larger, by having and operating a bitcoin casino you are only getting more bitcoin not fiat, so it will be very difficult to turn all your coins to fiat immediately so you need to think of another way to do that if you were a whale.

True maybe it would be much more easier to cash out small portions of money, rather than to cash out a big ammounts. Also tax comission can enter your house if you will start getting huge ammounts of money on your bank account

[BurtW]

Maybe this is a bit phylosophical topic, but the other day I was wondering at which Bitcoin amount it doesn't matter anymore if you're getting more Bitcoin, since you can't exchange it to fiat.

Example:
At the current price of app. 4500 $ per BTC you can exchange to fiat:
100 BTC = 450.000 $ / no problem
1.000 BTC = 4.500.000 $ / a bit of problem
10.000 BTC = 45.000.000 $ / a problem
100.000 BTC = 450.000.000 $ / a big problem
...

See where I'm going? And that's at the current price. I could get even more interesting when the price will be 10.000 $ per Bitcoin or even more.  

How do you exchange 45M$? or 450M? So does it make any difference if you hodl 10.000 BTC or 100.000 BTC, since you can't exchange it to fiat anyway without raising suspicion, even if you're very well connected?

What would be the breaking or maybe maximum point of Bitcoin still exhangeable to fiat?
What's your take on that?

The few that have those problems, the whales, are not cashing out, I think they are waiting for the day they can buy stuff with bitcoin directly, if I remember correctly some markets of luxury good for bitcoin have been created so you could use your bitcoin to buy those and then sell them if you want fiat.

Whales mostly never do saving like middle class people. They will choose the right option to invest the money in the proper channel for their money to work for them. Therefore, bitcoin is best channel for them. Most of the whales started invest and create a own gambling site to get all bitcoiners money easily without big efforts. In gambling always gambling site is winner since they have a daily winner or anything.

But while they are earning more bitcoin and that is always good, they are making the issue of cashing out even larger, by having and operating a bitcoin casino you are only getting more bitcoin not fiat, so it will be very difficult to turn all your coins to fiat immediately so you need to think of another way to do that if you were a whale.

True maybe it would be much more easier to cash out small portions of money, rather than to cash out a big ammounts. Also tax comission can enter your house if you will start getting huge ammounts of money on your bank account

You can cash out as much as you want.  All you have to to is pay the tax on the gain then the tax commission is happy and will not bother you.  Simple.

You can cash out millions of dollars worth of Bitcoins in a few days without affecting the market.  Pay the tax.  The gains are yours.

[mrayazgul]

Maybe this is a bit phylosophical topic, but the other day I was wondering at which Bitcoin amount it doesn't matter anymore if you're getting more Bitcoin, since you can't exchange it to fiat.

Example:
At the current price of app. 4500 $ per BTC you can exchange to fiat:
100 BTC = 450.000 $ / no problem
1.000 BTC = 4.500.000 $ / a bit of problem
10.000 BTC = 45.000.000 $ / a problem
100.000 BTC = 450.000.000 $ / a big problem
...

See where I'm going? And that's at the current price. I could get even more interesting when the price will be 10.000 $ per Bitcoin or even more.  

How do you exchange 45M$? or 450M? So does it make any difference if you hodl 10.000 BTC or 100.000 BTC, since you can't exchange it to fiat anyway without raising suspicion, even if you're very well connected?

What would be the breaking or maybe maximum point of Bitcoin still exhangeable to fiat?
What's your take on that?

It isn't going to work like that. The balances of bitcoins is not going to be large enough to do that unless someone is sitting on a bag and the chain shows that no one has anything near that level. So, in the end, there are very few points in time when this could come up. At the same time, you need a buyer to match the seller and that is not going to happen. So, moot point.

[Wesimon]

There's no limit when you want to exchange your bitcoin. But remember that the government always eyes on those who has many liabilities and properties. And they will imply tax on your properties. Sometimes it really better if you just cashout small amount from your acct.

[faceoff97]

The truth is there is no limit on exchanging bitcoin, but you have to consider that Government is eyeing on those who has larger assets and properties. It would be suspicious if you exchange large amount, the wisest way is to cash out small amount without cathching attention for you to become suspicios. So if you really desire to cash out to its maximum, just pay the right tax and the government would not bother you

[buwaytress]

It's a very valid question when talking about exchanges. Have thought about it myself and the best solution I could come up with was to just open a trading account on localbitcoins, open a few bank accounts in several countries and start selling it. Just setting your price below the market would have you selling hundreds, if not thousands of BTC in weeks.

I'm certain if you also contacted one of this forum's escrows to hold an auction, you'd get a few bids.

[South Park]

Why you dont exchange it little by little, if you exchange a huge amount the government will be suspicious, I know that feeling because I also ever thought about this problem, the solution is to exchange it a little by a little without rising suspicious, or you can borrow your friends account, for me the higher the price the better my life will be

It really depends on the amount you have for small holders that is a possibility but for the whale with thousands of coins that is not really a possibility, if they want to withdraw their money they will have to declare to the authorities about their earnings and where do they got them from.

[Apes]

exchanged 10,000 btc = 450M dollars suspicious finance ministers could be related to corruption incoming questions from every direction can be from where your wealth can be finance ministers suspect money laundering has done a major problem occurs

[Betwrong]

100.000 BTC = 450.000.000 $ / a big problem

Nope.

https://www.cryptoninjas.net/2017/06/08/cumberland-mining-offers-convert-bitcoin-held-mt-gox-cash/

This OTC broker offered a deal to buy all 202,000 coins in one deal.

No one with a significant amount of BTC should sell it on an exchange. There are extremely deep pockets off market.

The article is not opening for me, but, wow, that's a big deal indeed. And I agree that depositing such a big amount on an exchange is a crazy thing to do. Don't tempt the exchange owners, guys. If you want to exchange big amount do it a part at a time, no need to do it in one deal. One can object that that the rate might become worse with time, but since it's unpredictable it can become better in the same way.