Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Rampion
on 28/11/2013, 11:23:54 UTC
Quote from: wachtwoord on November 28, 2013, 11:18:35 AM
Quote from: Rampion on November 28, 2013, 11:16:20 AM
Quote from: kehtolo on November 28, 2013, 11:12:18 AM
Quote from: fred1111 on November 28, 2013, 10:18:11 AM
The real madness will start once Bitstamp hits $1000. $1000 will seem cheap next week.

That will happen today i think. Possibly very soon.

Someone wants to cash out $3M on Stamp at exactly $1k. Any whale wants to exchange a few of his millions for a 3 thousand BTC?

I guess its fun when you request a $3M withdrawal on Stamp. I can imagine the face of your bank manager when that wire arrives, especially if you never had a balance greater than a few k's  Cheesy Cheesy

Haha, so much fun to show your bank statement to people close to you if they have no idea. Probably stupid though Smiley

Anyhow, moving 7 figures of fiat is not easy unless you have already moved similar amounts in the past. From one side, I'm not so sure Bitstamp can move 7 figures quickly (Gox certainly not, as they have 500k monthly limit plus all kind of delays). From the other side, even if the exchange is able to wire you such amount in one piece (and i doubt it), if you are a "regular joe" that lives month-by-month and never had seen that amount of cash in your balance you can be sure that you will get a lot question from your bank manager before they even try to credit the money to your account.