Post
Topic
Board Bitcoin Discussion
Re: How does one safely deposit large USD amounts ($50k-$100k) after selling BTC?
by
colinistheman
on 07/07/2014, 01:39:19 UTC
withdraw $9999 each time. and open multiple accounts
I had thought of that myself but from the articles I've read that is a bad idea because it is trying to avoiding flags like jbreher and LostDutchman said. So I won't be doing that!


the question i would ask is why would you want $50k in one day..

in the future just sell what you need. $500 a week to pay the bills and feed yourself, maybe $20k to get a new car.. but cashing 100% out.. never.. think about retirement not a quick lottery win that you end up spending in a day

Well, it's specifically an investment and I want to pay off a large credit card debt. I have more btc that I will be holding much much longer (Many, many years). Don't worry I won't be selling my whole stash (not by a longshot)-- I'm not that stupid.

But if I sell, it will be from a wallet that I am using specifically for a shorter-term amount.