Hey fellahs, today I was talking to my girlfriends $$$ dad and his friends about investments etc and I showed him my blockfolio and the crazy returns. He said in one of his business dealings recently he was offered 1.5 million dollars worth of bitcoin because the owners didn't know how to sell it and he refused because he doesn't understand it. He said he'd try and get it back and if I could figure out how to sell it he'd give me ten percent of the sales + give my girlfriend ten percent. I of course said hell yeah. That's crazy money for me.. 150,000 dollars.. I can't even comprehend.
Anyway, how should I go about this sale assuming he gives me access to a wallet with 400+ btc? I live in New Zealand btw. I feel incredibly out of my depth right now. Current strategy was to deposit the btc into either coinbase or poloniex and then to sell them and withdraw like 2k a day cause I'm still not verified. That's a 750 day strategy though.. Please help
I also live in nz, can gaurantee 200% + return every quarter cunt
Christian Morris
I'm eager to help, Bro. Send some here:
144EwPbtyNDivvrKEd4muvZhuGP9NjUPZw
Carter Walker
Contact exchanges and sell directly
Asher Lopez
Send me 0.01 btc and i'll happy whole day, and i wish you some luck, and then u probably take this money, dimwit shit eater.
Lucas Evans
I can withdraw as much as 200k a month on Kraken. Let's say you do that yourself plus your girlfriend, you can cahs out 400k every month. You let the rest create some profit with a trading bot or by buying shitcoins. You get to keep the change you made by daily trading.
in 3 months you have cashed out the whole 1.2mil your girlfriend's dad wanted and you get to have the rest on your kraken/bittrex account for you to play with and got some decent return
David Gutierrez
Send my dick to you mouth. Check it pls
Asher Sanders
This. Contact your BTC / NZD trader of choice and let them know you want to sell $1.5m of BTC. It might take them a couple of weeks to get ready but they should offer lower fees because they are making a fuckload either way.
Aiden Fisher
THis Also, keep in mind you will need to factor capital gains taxes if/when you cash out.
James Scott
Do this.
Jason Howard
if I were you I would be contacting exchanges and trying to conduct my own private deal with them, 50k limits a week aren't going to cut it, and you could do better on the fees considering your volume. you are thinking in nigger terms right now, 2k a day? for fuck sake user it's 1.5 mil.
Ethan Allen
'of choice' is my problem, who would be the most reliable/cost efficient trader do you think? I have experience with small quantities but nothing major. I just do not want to screw this up. Can't be any worse than they've done so far though, 1.5 mil worth and the guy who owned it was calling up 'hotels and whatnot' trying to sell it!!! Hotels!!! Why?? How did these old businessmen even get the btc in the first place?? And no one along this ridiculous chain of events, probably the bitcoins were being offered for pennies on the dollar.. I'm in disbelief that the chain of ignorance has fallen at my feet. But yeah I'm thinking about capital gains as well. Thanks so much for your help!!!
Brandon Perez
use kraken dark pool ( I want 0.1% for this ahah) fast and cheap, you can't access it without
Parker Moore
I would use Coinjar but I'm an Aussie, I don't know if they do NZD. To be extra safe you could negotiate with then to do 15 transactions of 100k.
Brayden Johnson
Like other anons have mentioned, contact several exchanges. If done through several you can double or triple your withdraw speed.
But I'd worry about that guy who didn't know how to withdraw. It could be he's a dumb fuck, or he's asking OP to launder money for him and be a patsy. 150k doesn't com without risk, and if it's not inappropriate, I'd inquire to how the seller acquired his BTC. At the very least asking the question will give you plausible dependability should the FBI come knocking at your door.
Henry Fisher
These folks are rich old businessmen who are simply technogically inept. Fortunes made in the dairy industry. I can't imagine any wrongdoing at all. Thanks for your concerns tho
Ayden Jenkins
you sound way out of your depth op. her dad is offering you the money on the assumption that you know wtf youre doing, and you clearly dont. you're going to fuck this up.
Angel Clark
lowkey this
Isaiah Scott
Contact coinbase and poloniex if you are in the US.
Zachary Ward
Open an account on Coinbase and get verified. Not too hard. Gemini and Kraken are also very good, Kraken has been here for a while and are super reliable. Then sell slowly at market price in the exchange and withdraw afterwards. If not, directly contact kraken exchange and they'll get back to you
Nathan Turner
I am out of my depth, I don't deny this. Her dad and his family friends love me though, I'm a bit of fresh air from their usual company. So he's throwing me a bone because I said I had 2k of my own money in cryptos, and gave them a rundown on ho cryptos work and showed them a few charts. The coins are doing nothing sitting around (except gaining value..). He'd probably give me a 450 coin wallet and just forget about it, if he gets some money sweet of not then hey they were worthless to him anyway. So I'm not gonna turn down a potential 300k for me and my girlfriend because I feel a bit out of depth. He literally asked how much 1.5 million dollars worth of bitcoin was worth. After a few clarifications as to what he was asking me, the answer he was seeking was 1.5 million dollars.. This is 100% funny money to him
Brayden Morgan
Everyone who sends genuine help post your wallets as well and if this actually pans out I'll give you like 0.01 coins or so :))
Mason Green
OP, give all your money to this guy:
Camden Sanchez
1PjChy3TudPCmx2cpfwWdirYJFoWHzt7iG
Just give Coinbase a phone call.
John Morris
Kraken or Bitstamp with full verification. It's really not hard.
Unbelievable that people expect tips for such simple answers.
William Jones
I would just use CoinBase and eat the fees because it's all found money and the fees may be tax deductible.
Then I would hire Flight of the Conchords to play my next barbecue, because why not do something random and interesting with your free money?
> Hey Jemaine. Loved you in Legion. > Hey user. Thanks. I don't resent Brett's nearly EGOTing in a single year at all. > Cool. > Anyway here's Sugar Lumps.
Ryan Butler
DUDE DON'T PUT IT ALL IN COINBASE. WATCH THIS VIDEO
Just open an account in Georgia(country) - Liberty Bank. They have bitcoin service at emoney.ge. you can call them and they will gladly trade with you+ forward you in USD or any other currency you want. 1AJC4AqkUjaV3r8jnGMPcziMc1t4htCnNo
Brandon Kelly
user, congrats on the new fortune, and follow the advice of even if you could withdraw 5k/day it would take months, going through the exchange directly is your only hope. It may be hard to find an actual customer support number however. You could also try contacting a moderator in the trollbox on poloniex. plz donate to poor economics student senpai 1BnR9RsMeS3XeF6CbBJhALtYnauj828zrY
Connor Ward
>follow the advice >poloniex
Poloniex does not deal with fiat currency.
Samuel Jackson
Create an account with Coinbase and then contact them directly. They will be more than happy to get you on the fast track for verification
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Josiah Cox
Disgusting, filthy beggars
David Morgan
clever larp
John Parker
this
Wyatt Perry
I'm trying to design a universal hardware wallet with the capability to store all crypto currencies. 12F7JkVL5rRhTKHKXDPEdEpgZ4HXE7jVis
Joseph Russell
I'd recommend contacting either Poloniex or Kraken directly to handle that large of a transaction.
Nicholas Roberts
You can always create multiple accounts or possibly cash out through localbitcoins.
You're welcome 3AaeQs9iSjTnLZkkY73H4tvBZokwLhXSkx
Aiden Campbell
with the time and effort it will take you?
I can handle the entire exchange from BTC to account to cash. I Just ask 2.5 % for my fee.
1GMQLwDWMCwJouuQ2TxVta3VC6asDM6AQ6
Julian Gonzalez
This desu~ 1H2Qs9ru4faTxC6sap1q1MqQYiJemf9YGp
Daniel Garcia
James Leprino?
Adam White
I'd go with coinbase and try and nag them until they offer you a chance to sell them at a lower fee/one transaction
Otherwise you have to step withdrawls, but could roll in other exchanges depending on your risk tolerance
Even with higher withdrawl limits (25k/week) you're still looking at about a year - they'd probably open your limits up once they saw a consistent pattern. At the least that would be a way to get their attention.
Gavin Smith
You're going to embarrass yourself and your daddy, kid.
2k a day?! Is this a joke?
Contact a broker, jesus christ.
Luke Jackson
>contact coinbase or X directly You all act like cashing out $1,000,000 is something extraordinary.
Ayden Allen
have you considered gemini auctions? they seem ideal for handling large transactions like this.
Jaxon Brown
They won't even make 1 million in ten years of hard labor. They're sixteen.
Eli Edwards
1KFSn3kvbg7mbBGkWcTefTEkEdEDryb9Bh
Thank you senpai.
If I were you, I'd just arbitrage all around, develop or buy a bot and start making serious gains then just sell off a part of the profit.
Or, with 400 btc, you can do poloniex lending for completely safe profits, which is something I'm planning to do once I get rich enough.
Joseph Rivera
also, use coinbase to sell btc to fiat currency.
Jayden Carter
>buy a bot Why would anyone sell money-making machines?
Grayson Sullivan
450 coins isn't 1.5MM, i own more than that and i'm not close to that. what kind of funny money are we talking about?
a 500 coin sell isn't a big deal these days but youre still better off finding an exchange or company that does OTC trades or you'll spend too long trying to liquidate them because of limits or get raped for high fees.
Josiah Rogers
Because they can program them. Because they are poor People give away BTC like its candy.
Luis Howard
Lend out some of the BTC on poloniex! You will make good mony with that amount of bitcoin.
i beg u 1PLW2fq1xc8wtmPJR4wYAWJjz8vzJb6KAi
Julian Reyes
IRS AGENT DETECTED
Caleb Kelly
Im gonna bump this from page 10 because I think this type of stuff is actually interesting to think about.
David Morales
I dont know whether or not any of these are good or even still in business but this is the these are the types of things to begin researching. You can branch off from here searching these keywords like institutional liquidity provider broker etc. buybitcoinworldwide.com/kb/buy-large-amounts-of-bitcoin/ Large players now have more options to deal with large blocks of bitcoin, thanks to the companies discussed in depth below. blog-archive.bitgo.com/binary-financial-announces-btc-01-worlds-first-concierge-bitcoin-liquidity-service-partners-bitgo-institutional-security/ a leading digital asset investment manager, today announced BTC-01, a concierge Bitcoin liquidity service for institutional clients and high net worth individuals. Binary Financial selected BitGo finextra.com/news/announcement.aspx?pressreleaseid=59539 to build institutional bitcoin trading platform BitGo, the leading bitcoin security platform, today announced that it has partnered with Genesis Trading, the first broker-dealer in the US, regulated by FINRA and the SEC will work together to create a secure digital currency trading platform specializing in large trades for private and institutional investors. focus on large transactions enhances the need for robust security procedures,” our clients require the ability to execute dynamic trading strategies, rapidly access liquidity, and efficiently and seamlessly purchase or sell large blocks of virtual currencies. BitGo’s trustless secure wallet model gives us impregnable security while also retaining the level of flexibility that our clients require.”
Aaron Wilson
Find a bank that deals in XRP and buy XRP with BTC
Isaac Perez
Great info, thanks!!
Thanks to all
Joseph Bailey
Buy property with it and move that. There are listings of property. No one will want to wait 750 days to cash out of something that does not have steady value. This guy is in business and cannot sit on a receivable for years.
Aaron Mitchell
This sort of image reminds me we're all playing with pennies with our measly $20k crypto gains.