ooli2@lemm.ee to World News@lemmy.mlEnglish · 3 months agoEl Salvador Abandons Bitcoin as Legal Tender After Failed Experimentticotimes.netexternal-linkmessage-square149fedilinkarrow-up1535arrow-down113
arrow-up1522arrow-down1external-linkEl Salvador Abandons Bitcoin as Legal Tender After Failed Experimentticotimes.netooli2@lemm.ee to World News@lemmy.mlEnglish · 3 months agomessage-square149fedilink
minus-squarejagged_circle@feddit.nllinkfedilinkEnglisharrow-up1·3 months agoYou mean if its worth hundreds of millions or trillions?
minus-square小莱卡@lemmygrad.mllinkfedilinkEnglisharrow-up2·edit-23 months agoYes, even a relatively small quantity like 100k?
minus-squarejagged_circle@feddit.nllinkfedilinkEnglisharrow-up1·3 months 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-up1·3 months 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.