Bitcoin has crossed $6,000 USD for the first time

Re:Bitcoin has crossed $6,000 USD for the first time by thearn4 on Friday October 20, 2017 @12:41PM (#15517148)

I wonder, is BTC liquid enough that you could actually get your $600k if you suddenly were able to recover them? I haven't dabbled in crypto coins, so I have no idea how the exchanges really operate in practice.

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Re:Bitcoin has crossed $6,000 USD for the first time by amckenna on Friday October 20, 2017 @04:27PM (#15518897)

Absolutely. The 24hr trading volume on gdax.com (connected to Coinbase) is 15,524 BTC (~$93,144,000) and that's just the BTC/USD market on a single exchange.

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Re:Bitcoin has crossed $6,000 USD for the first time by metachris on Saturday October 21, 2017 @04:23PM (#15523442)

And gdax only accounts for 4.25% of the volume. Bitfinex has the largest volume, and does about $352,758,000 in 24 hours.

https://coinmarketcap.com/currencies/volume/24-hour/

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Re:Bitcoin has crossed $6,000 USD for the first time by dharma1 on Friday October 20, 2017 @12:50PM (#15517216)

$600k? easily

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Re:Bitcoin has crossed $6,000 USD for the first time by slamdance on Friday October 20, 2017 @12:59PM (#15517302)

that would depend on your country's individual currency movement regulations as well as the different policies of the various exchanges.

for instance, coinbase only allows for a certain set amount of money in/out per week - and its actually quite low comparatively. $15-25k i think? maybe someone has seen more?

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Re:Bitcoin has crossed $6,000 USD for the first time by zwily on Friday October 20, 2017 @01:21PM (#15517484)

If you’re willing to pass over all sorts of personal information, it’s pretty easy to get much higher lots, on several exchanges.

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Re:Bitcoin has crossed $6,000 USD for the first time by gregshap on Friday October 20, 2017 @12:44PM (#15517163)

you betcha

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