Bitcoin surpasses $50K as major companies jump into crypto

Re:Bitcoin surpasses $50K as major companies jump into crypto by pdimitar on Tuesday February 16, 2021 @08:38AM (#26153722)

That's exactly how I feel. But is there a way to actually cash out? I mean, suppose you had 2 BTC for years. Can you literally get $100K right now in your bank account and can you actually exchange them easily for the fiat currency?

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Re:Bitcoin surpasses $50K as major companies jump into crypto by matwood on Tuesday February 16, 2021 @08:52AM (#26153844)

Easily cash out yes, but would have you kept track of that BTC for years is another question. There were plenty of gotchas along the way with BTC before it went completely mainstream. Buggy hardware wallets, scams, exchanges going bankrupt/stealing btc, people's hard drives dying, etc... mean for anyone to have held from $1 to $50k they were prescient and a bit lucky.

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Re:Bitcoin surpasses $50K as major companies jump into crypto by superbcarrot on Tuesday February 16, 2021 @08:39AM (#26153734)

Yes, this is very easy to do exactly in the way you describe.

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Re:Bitcoin surpasses $50K as major companies jump into crypto by pdimitar on Tuesday February 16, 2021 @08:41AM (#26153753)

Oh well, in that case I do feel a tinge of regret. :(

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Re:Bitcoin surpasses $50K as major companies jump into crypto by xur17 on Wednesday February 17, 2021 @12:17AM (#26162992)

Yes, you could easily do this for 10s of millions of dollar right now on a number of exchanges. As you go up, you might need to find OTC desks, etc, but it's still very doable.

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Re:Bitcoin surpasses $50K as major companies jump into crypto by rtrdea on Tuesday February 16, 2021 @06:25PM (#26160154)

Lol yes

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