An $814M Mystery Near the Heart of the Biggest Bitcoin Exchange

Re:An $814M Mystery Near the Heart of the Biggest Bitcoin Ex... by gst on Tuesday December 05, 2017 @12:36PM (#15853547)

> you can trade bitcoin for cash balances at various exchanges but actually withdrawing those balances is subject to miniscule daily/monthly withdrawal limits and if there's a run on the market those exchanges will almost certainly collapse.

Afaik Bitstamp doesn't have any withdrawal limits for verified users.

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Re:An $814M Mystery Near the Heart of the Biggest Bitcoin Ex... by pbhjpbhj on Tuesday December 05, 2017 @08:45PM (#15857850)

Cool, so Satoshi comes along and says "I'll have $100 Million please" then Bitstamp have the cash to cover it?

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Re:An $814M Mystery Near the Heart of the Biggest Bitcoin Ex... by divbyzer0 on Wednesday December 06, 2017 @06:46AM (#15860382)

For an exchange there needs to be a counterparty. While Bitstamp is known as 'an exchange', they are not the counterparty AFAIK.

If Satoshi rocks up with 1 meeeelion BTC, if faith evaporates, the bid price could well be zero.

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Re:An $814M Mystery Near the Heart of the Biggest Bitcoin Ex... by panarky on Tuesday December 05, 2017 @02:01PM (#15854621)

Unlimited wire transfers out of Gemini, too.

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