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Re:Ask HN: How liquid is Bitcoin? by RickS on Tuesday May 23, 2017 @04:37AM (#14399785)
The literalness of "cold hard cash" is going to be very important here.

Into a digital account somewhere as USD? Fairly easy. As a million bucks in literal physical cash? something tells me that would be an absolute shitshow, since 10k cash withdrawl is enough to trigger special processes at most institutions.

Re:Ask HN: How liquid is Bitcoin? by andai on Tuesday May 23, 2017 @07:07AM (#14400281)
You could arrange something in person, but you'd probably better bring those machines that check for fake money.
Re:Ask HN: How liquid is Bitcoin? by erikb on Tuesday May 23, 2017 @07:10AM (#14400294)
And a few guns, that are held by people who can use them.
Re:Ask HN: How liquid is Bitcoin? by easilyBored on Tuesday May 23, 2017 @10:29AM (#14401456)
Yeah really. A Craigslist post to do such a transaction at some back alley isn't going work; they'll wipe your entire family for $1 million. If you get ripped off, probably can't even complain, I'm sure cash transactions above a certain amount are illegal in many countries.
Re:Ask HN: How liquid is Bitcoin? by Scarblac on Tuesday May 23, 2017 @09:34AM (#14401008)
Does this mean that at $1 million amounts, bitcoin is more liquid than cash?
Re:Ask HN: How liquid is Bitcoin? by cavanasm on Tuesday May 23, 2017 @10:26AM (#14401436)
No, liquidity is the market's ability to make a transaction with an asset without affecting that asset's price, not how easily it can be exchanged. Cash transactions are pretty much as liquid as it's possible for anything to be. As another poster mentions above, a $1m bitcoin transaction has be to spread out over a day or two to not impact price, otherwise it can fluctuate several percent.