Quote from: Torque on December 10, 2017, 05:01:06 PM

Quote from: jojo69 on December 10, 2017, 04:54:18 PM

Quote from: gentlemand on December 10, 2017, 04:41:00 PM

Quote from: BTCMILLIONAIRE on December 10, 2017, 04:23:40 PM

How exactly are you going to do an OTC sale for an "obscene amount of fiat" without exposing yourself to extreme risks?

You go to Genesis Trading or Cumberland Mining who telephones one of their nice clients looking to buy. You deposit your coins with them. Their client pays Genesis Trading. When the money is cleared everyone gets what they want.

Plus you get a nice man or woman to hold your hand throughout who won't freeze your arse because you're nothing more than an anonymous reference number on a status page.

No tense, armed handoff down by the bridge construction site with aluminum briefcases full of Benjamins?

No deal!

Bitcoiner cashes out $1M to fiat.

Two weeks later his $1M is worth $800k compared to the btc he sold.

4 months later his $1M is worth $400k compared to the btc he sold.

Gotta love fiat lovers that like to get poorer by the month. Wink

In germany a court recently allowed banks to collect negative interest for savings from their customers. It's like they are forcing us to buy bitcoin.

source: I only find german sources: http://www.spiegel.de/wirtschaft/service/kleinsparer-gericht-haelt-negativzinsen-bei-neuvertraegen-fuer-zulaessig-a-1182416.html