ooli2@lemm.ee to World News@lemmy.mlEnglish · 1 year agoEl Salvador Abandons Bitcoin as Legal Tender After Failed Experimentticotimes.netexternal-linkmessage-square136linkfedilinkarrow-up1520arrow-down111cross-posted to: brainworms@lemm.eeeconomy@lemmy.worldhackernews@lemmy.bestiver.se
arrow-up1509arrow-down1external-linkEl Salvador Abandons Bitcoin as Legal Tender After Failed Experimentticotimes.netooli2@lemm.ee to World News@lemmy.mlEnglish · 1 year agomessage-square136linkfedilinkcross-posted to: brainworms@lemm.eeeconomy@lemmy.worldhackernews@lemmy.bestiver.se
minus-squarejagged_circle@feddit.nllinkfedilinkEnglisharrow-up1·1 year agoYou mean if its worth hundreds of millions or trillions?
minus-square小莱卡linkfedilinkEnglisharrow-up2·edit-21 year agoYes, even a relatively small quantity like 100k?
minus-squarejagged_circle@feddit.nllinkfedilinkEnglisharrow-up1·1 year 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-up1·1 year 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.