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To: Enlightened1

I have a question about these crypto markets. If you have a large amount of Bitcoin, say 1,000, and want to cash it in at these price peaks, can you do it? Will there be enough liquidity in the market to pay out in cash?


7 posted on 03/08/2024 7:42:44 AM PST by fwdude (.When unarmed Americans are locked up for protesting a stolen election, you know it was stolen.)
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To: fwdude
I have a question about these crypto markets. If you have a large amount of Bitcoin, say 1,000, and want to cash it in at these price peaks, can you do it? Will there be enough liquidity in the market to pay out in cash?

Yes and no. TONS of liquidity, to be sure. But platforms like Coinbase are notorious for "breaking" at major spikes or drops, leaving people holding the bag. Conspiracy theories abound.

14 posted on 03/08/2024 7:46:14 AM PST by montag813
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To: fwdude

Yes you can.

You can cash it on Coinbase, Uphold, Robinhood or Kraken.

https://www.coinbase.com/

https://uphold.com/en-us

https://robinhood.com/us/en/

https://www.kraken.com/


15 posted on 03/08/2024 7:48:32 AM PST by Enlightened1
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To: fwdude

The over the counter desks have at times since the ETFs had no liquidity to sell or less than one BTC available.

Sam Friedman debacle is seeing 10k flushed into the markets and absorbed every day. That great flush will be over in a few months and the REAL upward price pressure will kick in after the halving in mining.

That halving before ETFs was projected to push BTC to 68k this year. Now it is Gold in limited number.

Of course you can cash out. In two years demand will outstrip supply. The monthly or daily investment into BTC ETFs us only going to increase.


34 posted on 03/08/2024 8:24:45 AM PST by Jumper
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