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0 pointsSambdala11y ago0 comments

$200k/month is not going to run you into liquidity issues.

0 comments

pyre11y ago

It's $200k/month worth of Bitcoin. The 'liquidity' we're talking about here is converting Bitcoin into local currency that you can purchase things with.

jafaku11y ago

Again, not a problem.

vectorpush11y ago

Possible, perhaps, "not a problem", seems pretty untrue. How exactly would someone go about cashing out $200k worth of bitcoin?

venaoy11y ago

Sell on an exchange. The big ones have a monthly trade volume of 100k+ BTC ($50+ million): http://bitcoinity.org/markets/list?currency=ALL&span=30d Clearly $200k is a drop in the bucket for them.

anon4this111y ago

I sold $800k US of bitcoin on bitstamp market earlier this year - i did it over 30 minutes and it dropped the spot price about $6

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