Re:Ask HN: How liquid is Bitcoin?
by patio11 on Tuesday May 23, 2017 @08:59AM
(#14400749)
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.
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.