Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
gentlemand
on 25/06/2019, 10:07:37 UTC
BTW, what are your cashing out plans? Which exchanges are you planning to use or just go OTC way? I guess I'll just split the amount I'm planning to cash out into 4-5 chunks and withdraw from several well-known exchanges simultaneously. I'm pretty sure some transactions will freeze due to some verification or bank issues so I'm trying to avoid putting all eggs into one basket. What are max amounts safe to withdraw via a single exchange/bank? I'm not selling a single satoshi until 100k but need to get ready (upload verification documents etc).  Cool

Not sure. I'm leaning towards no exchanges whatsoever. Who knows how much more uptight they'll be in future? No exchange will tell you what triggers their paranoia and if they're not going to tell me that why would I risk using them?

I'd much rather it was the route suggested by Mr. Augustus where you could directly pay for big ticket items. If I felt the need for a house I might sound out somewhere about that first before thinking about having to sell anything.


Should really ask somebody like Vod, OgNasty or Elwar who I think have already cashed out millions.

All in different countries so not super relevant.