Re:Ask HN: How liquid is Bitcoin?
by Veratyr on Monday May 22, 2017 @10:19PM
(#14398362)
Held as ETFs? Assuming it's in big ones like VOO, they can see $400M turnover in a business day, so if you're not picky about getting the best fill price and just sell at the bid, you should be able to do it within a minute or two. You can then call your broker for a wire transfer and have it in your bank account within the same day.
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Or ask for a Bitcoin transfer and have it in seconds.
By what pathway do you believe it is possible to start a day with money in Vanguard, end the day with money in Bank of America, and hold ~$1 million in Bitcoin for some portion of the day.
Wiring a million dollars from Vanguard to BoA is a routine transaction, despite the degree of surprise that causes some geeks. More interesting commerce happens every day.
The Bitcoin transaction you have outlined, though, is not a routine transaction. I'd go further than that: it is impossible.
Well 45 min to 1050 min actually https://blockchain.info/charts/avg-confirmation-time