If you had $75k in 2011 you could have made over $275,000,0000 profit.
 

Vinkelvoss twins I think...

in 2030 bitcoin will be $20 000:1

Another interesting one.

https://bitinfocharts.com/bitcoin/ad...ytPCq5fGG8Hbhx

Borrow 12 mil in April 2013, return over 20 mil in April 2015, left with 230Mil profit.

I wonder if you could actually cash out 300million $ of BTC...

That's the problem.
You can have 100 millions worth of Bitcoin, but you can't cash them out.
That money does not exist and if it did exist and someone would cash that amount out, the value of Bitcoin would drop to a few dollars.
So it's pretty useless.

Not to speak of the tax implications :2 cents:

I should've invested :/

i hate hate thinking of bitcoin...almost put 5k in when FRank was pushing it here on the board :(

just as I suspected...

When was that, got a link?

it is daily work..but making 10k a day cashing out is not so bad

A few weeks ago...

If you had 300 mil in the bank would you be able to go into any branch and ask for your money in cash?

The difference is that you don't have to buy cash at a market rate.

If you need to cash out your BTC, someone has to buy it.

I had $1 in 2011.

sad ppl actually think you cannot trade BTC for usd , then withdraw that usd to your bank

also sad for those thinking "$500 is too late to buy in, 1000 is too late, 2000 is too late, 3000 is too late" when does it end? sit sidelines upset about it doesnt help you or anyone

i bought btc today, i sold btc today, and i am profiting. Does anyone care to watch the market swing? 1 BTC swings $100-500 in a day, now that is profitable in sooooo many ways (any coin for that matter, aside from LTC lol)

i think you´ve got one extra zero here, but hey, it´s still a 27million profit :winkwink:

I'm talking about cashing out 275 million dollars. It's not the sort of thing you can do in one day.

ofcourse you buy cash at market rate, it's called inflation.

Rowan , i agree $275mill of any asset would be a pain in the ass to really cash out of i would think
(i wasnt talking about your comment tho man ;) )

Like 2011 or so

I come from a banking family, my dad cashed out 40 million german marks back in the day without any problems...it is the largest amount of money I have ever seen in person...the cash was taken from cyprus to russia and it had to be this way because our country was under sanctions...there was around half a billion german marks in the company account at that time...I have witnessed several multi million dollar cash outs, all had to be announced naturally...I believe 100million in cash is not a problem if you give them enough time....

So its a bad investment because you can't cash it out in one day lol

Its pretty easy to cash out bitcoin these days...there are many exchanges and thousands that want to buy. It would take some effort but would certainly be worth it.

Are some of you saying that if you had the flux capacitor you wouldn't go back and do it?

I had trouble cashing out 20K egold back in the day when it was very liquid...exchangers do not keep millions of dollars in cash lying around....they will not even cash you out day after day because it is bad for business, they can service only you and not other customers...the weak link is the cash out...

I'll stick with my safe, on average 4-500% returns for now and fuhgettaboutit. Back when I was cashing out of the internet biz which was right around that time I seriously considered putting the last remnants into bitcoin and letting it ride. I think it was only around $10 a coin at that time, if that. That I didn't then is my only regret. The only thing I will even remotely consider in the future is asset based coins. There are some I'm really liking in the works (not even introduced to the market yet) but I'll wait and see if they can overcome the legalities of that particular purpose. But even that could take a decade or 2 because of how many people will have to learn how to do things differently. The real asset is the blockchain itself and utilizing it for a purpose. The "currency coins" don't give you any ownership and are only a reward of sorts to encourage miners to build the blockchain for the actual controllers of it who can then potentially make billions off of it. So that's the real future. Actual controlling/ownership in a blockchain. If you made a pile of money off of ecurrency or just have a pile of money switch gears now and build a blockchain.. Quit building it for others who will reap it's actual rewards. Even if you own bitcoin you still have to pay heavily to use the blockchain.

egold and bitcoin are not the same thing...cashing out bitcoin is not hard right now, in fact there are more buyers than sellers

Of course you can cash out and exchange to USD, I have done it many times myself, but not very large amounts.

If I have $100mil in a real bank, and I want to buy a 5 Million dollar mansion tomorrow I can. If you have $100 mil in bitcoin you can't. You can hardly use it for anything in the real world.

People always have the excuse "but you can just cash out 10K a day". Yeah awesome taking 28 years to get your 100 mil out....

Also none of the very big accounts ever cash out or move funds, because they know once they start doing it the price will crash.

There is no real money to cover the full value of bitcoin. Not even 10% of it's market cap exists.