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Mutt · 11-18-2013, 09:42 AM

Cashing out of bitcoins is a major problem, there have to be many many people now who have hundreds of thousands of dollars worth in btc, many with millions of dollars worth, turning $500K of bitcoins into cash seems extremely difficult - you will need to find a bitcoin buyer who will deliver to you in person a briefcase of cash, or transfer real estate to you, deliver $500K worth of drugs, or physical gold - risky since the person you are dealing with is most likely a criminal of some sort.

Probably a good business to be made out of facilitating big dollar btc<------> cash transactions - take 10% commission on each deal.

11-18-2013, 09:42 AM
Mutt Too lazy to set a custom title Industry Role: Join Date: Sep 2002 Posts: 34,431	Cashing out of bitcoins is a major problem, there have to be many many people now who have hundreds of thousands of dollars worth in btc, many with millions of dollars worth, turning $500K of bitcoins into cash seems extremely difficult - you will need to find a bitcoin buyer who will deliver to you in person a briefcase of cash, or transfer real estate to you, deliver $500K worth of drugs, or physical gold - risky since the person you are dealing with is most likely a criminal of some sort. Probably a good business to be made out of facilitating big dollar btc<------> cash transactions - take 10% commission on each deal. __________________ I moved my sites to Vacares Hosting. I've saved money, my hair is thicker, lost some weight too! Thanks Sly!