Goodbye Fuckers!! I cashed out my BTC @ 15.000

[Ferus]

I have been silent for the last few days - Sorry Gary, would have posted more in your retarded topic.

But to make a long story short - I cashed out my BTC @ 15.000

My plan was to cash out at 10k, because that would leave me with enough money - but I got greedy, and hung in there a little longer. Talked to the wife about it, and we moved the bar to 15000.

Gotta say its quite a problem to cash out, but thanks to fellow dane Niklas Nikolajsen (co founder at https://www.bitcoinsuisse.ch/ ) for helping us out,

So you wont see me around here anymore - look out for new silver Mercedes g350 with overpriced danish custom plates "freedomFun".



Funny to think about it - 9 years ago I almost died from cancer, and now I'm ready to move to Italy

[just a punk]

A year or two later you will regret so much...

[NALEM]

Originally Posted by Ferus

I have been silent for the last few days - Sorry Gary, would have posted more in your retarded topic.

But to make a long story short - I cashed out my BTC @ 15.000


Gotta say its quite a problem to cash out, but thanks to fellow dane Niklas Nikolajsen (co founder at https://www.bitcoinsuisse.ch/ ) for helping us out,

Ferus, sending you a PM now. Have a question about Niklas. - Alex

[2MuchMark]

Congratulations, but why would you buy some a Fugly car?

[Sly]

Originally Posted by Ferus

Funny to think about it - 9 years ago I almost died from cancer, and now I'm ready to move to Italy

You should share that story at some point. More people need to hear shit like that to wake them up.

[CaptainHowdy]

The dream is gone??

[Smack dat]

congrats

[MaDalton]

good for you, enjoy your freedom!

[The Porn Nerd]

So you are leaving the porn biz?

[money biz]

I saw Sylvester Stallone at starbux in one of those cars.

[JFK]

Originally Posted by Smack dat

congrats

Yup, enjoy the Car !

[SpicyM]

Originally Posted by Sly

You should share that story at some point. More people need to hear shit like that to wake them up.

agreed

[mineistaken]

I would be scared to cash out that much. Imagine you upload some million bucks worth of BTC to the exchanger and he decided to run off to some beach with that instead.

[NatalieK]

Originally Posted by Ferus

Funny to think about it - 9 years ago I almost died from cancer, and now I'm ready to move to Italy

Glad you woke up at last & have decided to move to a place you can enjoy relaxing, we took that road 3 years back & have not looked back, it´s been a better life month to month, year by year...

Congrats on the btc payout too

[mineistaken]

As for G - I read today that they released first official info about the new G (previous Gs were just updates/facelifts). Just random piece of info

Oh, and I won't post about your country change. Some people might guess what I would say (unless Italy ws your home country), lol.

[GAMEFINEST]

Peace out

[bns666]

congrats

[Zuzana Designs]

GFY needs more threads like this! Good for you

[Spunky]

Don't try to hoodwink us

[$tandaman]

congrats!

[galleryseek]

Not sure why you'd do that when John McAfee promised to eat his dick live if BTC doesn't reach $500k by 2020

[2MuchMark]

Originally Posted by Ferus

But to make a long story short - I cashed out my BTC @ 15.000 y

Congrats again dude, but, um..... BTC is now at $17750. It's up almost $2500 in less than a day.

[Bladewire]

Originally Posted by 2MuchMark

Congrats again dude, but, um..... BTC is now at $17750. It's up almost $2500 in less than a day.

Clearly he's trying to let everyone know he has poor judgement... again

[RyuLion]

Congratz man!!

[Tasty1]

congrats!

Friend of mine went in 1 year ago with 4000 USD. He now has 150.000 USD.
But he thinks it will double or triple next year.

[2MuchMark]

Originally Posted by Bjorn_Tasty1

congrats!

Friend of mine went in 1 year ago with 4000 USD. He now has 150.000 USD.
But he thinks it will double or triple next year.

He's probably right. Everyone I talk to is holding.

[Paul&John]

Congrats

[ladida]

Originally Posted by Ferus

Gotta say its quite a problem to cash out,

Throw some numbers? Im curious how much is too much. Everyone saying it's liquid but i've yet to hear anyone cashing out big.

[romeo22]

Good for you... Spend your money wisely

[rowan]

Originally Posted by Ferus

But to make a long story short - I cashed out my BTC @ 15.000

My plan was to cash out at 10k, because that would leave me with enough money - but I got greedy, and hung in there a little longer. Talked to the wife about it, and we moved the bar to 15000.

Sounds like you're all out. Why? If you'd sold 66% of your holdings at $15k per you'd have as much as if you'd cashed out at $10k per, and you'd still have that 33% worth of BTC.

[poncabare]

Congratulations

[Google Expert]

Bad move.

25k by new year.

Screencap this.

[EvaDevine]

Not greedy at 15K. I would've waited a little more... a month max. Congrats anyway.

[Focus]

Originally Posted by Ferus

I have been silent for the last few days - Sorry Gary, would have posted more in your retarded topic.

But to make a long story short - I cashed out my BTC @ 15.000

My plan was to cash out at 10k, because that would leave me with enough money - but I got greedy, and hung in there a little longer. Talked to the wife about it, and we moved the bar to 15000.

Gotta say its quite a problem to cash out, but thanks to fellow dane Niklas Nikolajsen (co founder at https://www.bitcoinsuisse.ch/ ) for helping us out,

So you wont see me around here anymore - look out for new silver Mercedes g350 with overpriced danish custom plates "freedomFun".



Funny to think about it - 9 years ago I almost died from cancer, and now I'm ready to move to Italy

Congratulations! Enjoy mate. I agree with Sly you should share your story.

[2MuchMark]

Originally Posted by ladida

Throw some numbers? Im curious how much is too much. Everyone saying it's liquid but i've yet to hear anyone cashing out big.

It's liquid, but the network is slow. If you're on coinbase and you decide to cash-out it can take a few days before its done.

No one really wants to cash-out as the value keeps climbing and climbing. Of course this changes instantly as soon as the value begins to drop but overall most people are just sitting on it.

[Neighbor]

Originally Posted by rowan

Sounds like you're all out. Why? If you'd sold 66% of your holdings at $15k per you'd have as much as if you'd cashed out at $10k per, and you'd still have that 33% worth of BTC.

Exactly this. Recoup your original investment and stay in the game and now you can't possibly lose

[GUNNER]

Originally Posted by Neighbor

Exactly this. Recoup your original investment and stay in the game and now you can't possibly lose

Agree with John and rowan, but remember everyone has different risk tolerance.

I've taken profits on LTC and ETH and I can't blame anyone for cashing in completely.

That said... to all those who are HODL

[RandyRandy]

Originally Posted by Ferus

Gotta say its quite a problem to cash out, but thanks to fellow dane Niklas Nikolajsen (co founder at https://www.bitcoinsuisse.ch/ ) for helping us out,

This.

Happy for everyone who's making money.

But this guy needed the help of an exchange co-founder to cash out.

Not hating on cryptos but this isn't troubling to anyone else?

[The Porn Nerd]

Not being able to cash out is a major problem.
What if you have a price set so if it dips to that value it automatically sells?

BTW: I blame the wife for making him cash out.

[HelmutKohl]

Originally Posted by 2MuchMark

It's liquid, but the network is slow. If you're on coinbase and you decide to cash-out it can take a few days before its done.

No one really wants to cash-out as the value keeps climbing and climbing. Of course this changes instantly as soon as the value begins to drop but overall most people are just sitting on it.

I cashed out some of my litecoin and money was in my bank account within 24 hours. No complains about liquidity :-)

[seeandsee]

congrats on sell

[GUNNER]

Originally Posted by HelmutKohl

I cashed out some of my litecoin and money was in my bank account within 24 hours. No complains about liquidity :-)

Absolutely right.

If someone is having trouble cashing out, then it must be an issue with their exchange or the wallet they're using. There is nothing about crypto in and of itself that makes it difficult to cash out.

[mineistaken]

Originally Posted by The Porn Nerd

BTW: I blame the wife for making him cash out.

Nice catch. Man with experience

[Speigelau]

Originally Posted by Ferus

I have been silent for the last few days - Sorry Gary, would have posted more in your retarded topic.

But to make a long story short - I cashed out my BTC @ 15.000

My plan was to cash out at 10k, because that would leave me with enough money - but I got greedy, and hung in there a little longer. Talked to the wife about it, and we moved the bar to 15000.

Gotta say its quite a problem to cash out, but thanks to fellow dane Niklas Nikolajsen (co founder at https://www.bitcoinsuisse.ch/ ) for helping us out,

So you wont see me around here anymore - look out for new silver Mercedes g350 with overpriced danish custom plates "freedomFun".



Funny to think about it - 9 years ago I almost died from cancer, and now I'm ready to move to Italy

Awesome, I have a target amount also that is approaching soon for my cash out. Too bad you won't be around to put Gary and DV in their place.

[freecartoonporn]

HA jokes on you, its going to reach 50k soon.,

anyways best wishes.

[Tasty1]

Originally Posted by The Porn Nerd

BTW: I blame the wife for making him cash out.

i think that she is already getting the divorce papers

[shake]

Originally Posted by HelmutKohl

I cashed out some of my litecoin and money was in my bank account within 24 hours. No complains about liquidity :-)

No problems here either. You can always use more than one exchange, split it up a bit.

[RFremont]

Originally Posted by GUNNER

Absolutely right.

If someone is having trouble cashing out, then it must be an issue with their exchange or the wallet they're using. There is nothing about crypto in and of itself that makes it difficult to cash out.

Hope I don't end up regretting asking these questions on this forum. here it goes:

How easy is it to cash out bitcoin and in what amount? Read an article recently that the Winklevoss's are now 'bitcoin billionaires'... okay, so let's say they want to cash out 100mn to USD , is that easily done like gold? Would the funds be wired into their bank account in USD? How many bitcoin exchanges are there and how can they be trusted?


Lastly, what are the pros and cons of bitcoin vs litecoin?

[rowan]

Originally Posted by RFremont

Hope I don't end up regretting asking these questions on this forum. here it goes:

How easy is it to cash out bitcoin and in what amount? Read an article recently that the Winklevoss's are now 'bitcoin billionaires'... okay, so let's say they want to cash out 100mn to USD , is that easily done like gold? Would the funds be wired into their bank account in USD? How many bitcoin exchanges are there and how can they be trusted?


Lastly, what are the pros and cons of bitcoin vs litecoin?

Selling large amounts (especially on a smaller exchange) is going to result in a lot of slippage, where you have to fill several orders to cover your volume, each one at a lower value. Just because the current price is $15000 doesn't mean you can sell 10000 BTC and net $150m. You might sell 50 at $15000, another 30 at $14990, another 70 at $14780 etc.

If you're not in a hurry, just sell a bit periodically, which will also help smooth over variations in value. This will help even if you're selling off relatively small amounts. If you are in a hurry, try setting a sell price around the buy price (ie you are closing the gap between the buy and sell price) which should execute reasonably promptly.

If you're a baller you may also run into problems with exchange imposed limits. The exchange I use limits fiat withdrawals to $AUD 100,000 per day (about $USD 75k). You can usually raise these limits by providing more detailed verification documents, but it may take some time for them to process your request.

Not sure if the OP ran into this sort of limit, or we're being trolled.

[Ferus]

Originally Posted by rowan

Selling large amounts (especially on a smaller exchange) is going to result in a lot of slippage, where you have to fill several orders to cover your volume, each one at a lower value. Just because the current price is $15000 doesn't mean you can sell 10000 BTC and net $150m. You might sell 50 at $15000, another 30 at $14990, another 70 at $14780 etc.

If you're not in a hurry, just sell a bit periodically, which will also help smooth over variations in value. This will help even if you're selling off relatively small amounts. If you are in a hurry, try setting a sell price around the buy price (ie you are closing the gap between the buy and sell price) which should execute reasonably promptly.

If you're a baller you may also run into problems with exchange imposed limits. The exchange I use limits fiat withdrawals to $AUD 100,000 per day (about $USD 75k). You can usually raise these limits by providing more detailed verification documents, but it may take some time for them to process your request.

Not sure if the OP ran into this sort of limit, or we're being trolled.

I ran in to those problems, and the only way to solve it (for me as a private person) was through You are being redirected... with the help of a friend. The first few days, I was faced with 6-8 different "no" when I tried to sell through the larger brokers.

A lot of private people will run in to those problems in the future