ooli2@lemm.ee to World News@lemmy.mlEnglish · 2 days agoEl Salvador Abandons Bitcoin as Legal Tender After Failed Experimentticotimes.netexternal-linkmessage-square148fedilinkarrow-up1519arrow-down110
arrow-up1509arrow-down1external-linkEl Salvador Abandons Bitcoin as Legal Tender After Failed Experimentticotimes.netooli2@lemm.ee to World News@lemmy.mlEnglish · 2 days agomessage-square148fedilink
minus-squarejagged_circle@feddit.nllinkfedilinkEnglisharrow-up1·19 hours agoYou mean if its worth hundreds of millions or trillions?
minus-square小莱卡@lemmygrad.mllinkfedilinkEnglisharrow-up2·edit-214 hours agoYes, even a relatively small quantity like 100k?
minus-squarejagged_circle@feddit.nllinkfedilinkEnglisharrow-up1·10 hours agoThat’s easy. Ive sold that much. Just do it on an exchange. Get over a million and you do it OTC.
minus-squarejagged_circle@feddit.nllinkfedilinkEnglisharrow-up1·30 minutes agoOver the counter. Big exchanges offer this. Basically p2p with escrow. Its done off exchange (though usually the same price). To prevent the trade from changing the market.
how do you even liquidate that?
You mean if its worth hundreds of millions or trillions?
Yes, even a relatively small quantity like 100k?
That’s easy. Ive sold that much. Just do it on an exchange. Get over a million and you do it OTC.
What is OTC?
Over the counter. Big exchanges offer this. Basically p2p with escrow.
Its done off exchange (though usually the same price). To prevent the trade from changing the market.