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A comment on Bitcoin and cryptocurrency prices have fallen sharply over the last few days. Parent comment

Re:Bitcoin and cryptocurrency prices have fallen sharply ove... by raverbashing on Thursday March 12, 2020 @03:46PM (#22560966)
Yes I'm sure a 1T transaction in bitcoins won't trigger any suspicion by anyone and will not cause people to try and track the authors of the transaction.

I'm also sure trying to cash that out is going to be as easy as taking money out of an ATM

Unless you "cash out" in USDT (tether) or something similarly fake

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Re:Bitcoin and cryptocurrency prices have fallen sharply ove... by unhashable on Thursday March 12, 2020 @05:42PM (#22562111)
Obviously $1T is meant to by hyperbole. Still, it’s not that outlandish.

$500M transferred for less than $400 on 7/29/19 - https://twitter.com/whale_alert/status/1155808847908544512?s...

There are many of these, and they are increasing.

Cashing out large sums is done over the counter, not through regular on/off ramps (as in your ATM example). Bitcoin is legal in the US, so I'm not sure how suspicion plays into it.

The rich play by different rules than you and I.

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Re:Bitcoin and cryptocurrency prices have fallen sharply ove... by arcticbull on Thursday March 12, 2020 @11:55PM (#22564573)
No billionaire is going to pay more than $400 to instantly wire money either, though, as to your point, they play by different rules. Even HSBC offers free wires in the US.

Also, it's $250M now due to the 50% drop in the last half hour, so in a way, they paid $250M for that transfer.

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