Post
Topic
Board Bitcoin Discussion
Re: How does a whale sell its huge amount of bitcoins and change them into fiats?
by
Churchillvv
on 27/06/2023, 11:27:02 UTC
From what I read, someone who sells btc sometimes has trouble receiving the fiats in its bank account. If the sum is large, the bank turns on all its red lights. I guess it's not a problem for someone famous, but for an ordinary citizen, how it happens if he lives modestly, recovers his private keys that he lost 10 years ago and finds himself with millions?
For me poker player, has almost the perfect answer to this post. Additionally, before anyone can get a certain amount of fiats that can cause red light alert whether ordinary citizen or famous most have at least knowledge of money management and the day to day running of his or her residence. So if any case of this nature should emerge, it most be the persons lack of application of knowledge ( WISDOM) of money or lack of  knowledge of his or her residence. Thou this case depends on individuals view.