Well, here in the US, I don't expect any problems, but I guess we'll find out soon. I mean, certainly I wouldn't be the first person to test Coinbase's $50,000 limit, right? And since they have already done KYC, it shouldn't be a problem, should it?
i tried to take out 40k via coinbase in december and failed. but the larger point is that even if coinbase does not fail, or you use local exchange, whatever, then trying to move the fiat thereafter is not necessarily going to work well. you may be better off spending btc.
Not sure re fail on 40K. I think they had no 50K limit in december, rather it was 50BTC if I remember correctly.
I think that the warning sign for a bank is when you send money to coinbase, then sell on localbitcoins, then send cash back to the bank.
There is a reddit thread on this. This looks like money laundering and, perhaps, it might be construed as such from a point of view of a bank.
Selling from Coinbase to your bank account should be fine, otherwise coinbase is screwed. Not sure about their 50K limit, though (never tried). In any case, it is probably not prudent to jerk large $$ values to and from bitcoin.
I mostly buy it in smaller BTC ##. I think that considering everything, you should allocate 5-10% of your assets to bitcoin. If it tanks, your loss is limited. If it goes to 1mil in 10 years or so, then you can buy a few real estate properties and travel from one to another during your "golden" years
. edit: I am really looking forward to bitcoin ETF as it would be a perfect hedge to holding "raw" BTC.