Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Getting close to thinking of taking a little profit in the form of 100 acres of prime forested property with 1500 feet of lake frontage, ten minutes from a major hospital and about an hour and a half from downtown Toronto. Under 23 bitcoins at current prices.
Thank you Bitcoin.
Thank you Bitcoin.
Do it!
Peace and serenity now is more important than pie in the sky, especially when we are not there (in the future).
Now is actually months away. This is just the land. I'd still have to build a house, although in the spring I could still drop a trailer on the land for weekend use.
The big problem is converting my coins into dollars and paying capital gains taxes. I don't have (nor want) a bank account. Luckily I have one paper wallet (my largest) which can be traced to my identity, containing about 30 coins. Hopefully that will cover it.
Gentlemand listed a few OTC options for cashing out. I don't know anything about them, but he is considering them.
That was my first thinking but I wouldn’t even know where to start.
I’m nowhere near selling anything now but I really want to be prepared this time.
I sold my BCH in late 2017. That was quite a lot of money but I transferred it into bitcoin & sold it to a few people on LBC. I don’t think I want to be selling hundreds of thousands of pounds worth on LB in this cycle.
I’m nowhere near selling anything now but I really want to be prepared this time.
I sold my BCH in late 2017. That was quite a lot of money but I transferred it into bitcoin & sold it to a few people on LBC. I don’t think I want to be selling hundreds of thousands of pounds worth on LB in this cycle.
https://genesistrading.com
https://www.b2c2.com
https://cumberland.io
https://www.circle.com/en-gb/trade
But it's really, really hard to get people to talk about their experiences with the above places. Don't get why it's so obscure.
I think LBC would still be a very good option as long as you stick with the biggest traders. I've read of others on r/bitcoinuk who sold 500 grand and more to one person in one go. It would be more sensible to break the sales up but it's likely whichever bank they go to will have kittens.