Bitcoin liquidity

So I dont know much about the inner workings of bitcoins or dealing with amounts over a couple hundred dollars (hence the username).

Let's say for example someone did buy bitcoin back in the day and had 100+ coins when it hit 20k, how would they even go about getting that into liquid funds? As far as I know you'd have to sell them to others looking to buy bitcoin and if that's the case wouldn't that take a really long time if you're dealing with millions of dollars worth. Has the technology progressed to where you can "cash out" your btc in a more efficient way? Also when dealing with 6 figure numbers, is it hard to find trustworthy ways to cash that out?

Thanks for the help guys

submitted by /u/BeginnerBTC
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US Senators Issue Threatening Letters to Stripe, Mastercard, Visa Over Facebook Coin Libra

submitted by /u/afriendofsatoshi [link] [comments]

source https://www.reddit.com/r/btc/comments/dh52mr/us_senators_issue_threatening_letters_to_stripe/

Bitcoin Cast Program Gives Guests a Unique SLP Token

submitted by /u/JonyRotten [link] [comments]

source https://www.reddit.com/r/btc/comments/dh5qys/bitcoin_cast_program_gives_guests_a_unique_slp/

This is why we Need Decentralized Apps: Top 10 Best dApps of 2019

submitted by /u/Bootyhunterboy [link] [comments]

source https://www.reddit.com/r/btc/comments/dh5nwr/this_is_why_we_need_decentralized_apps_top_10/

I just bought BTC at a Bitcoin ATM and it took 7 minutes to confirm a transaction

Today I went to an ATM to buy BTC anonymously. The first thing with these ATMs is the outrageous fee for buying Bitcoin. I was already paying above market rate by 10% and the entire transaction took 7 minutes. P2P cash shouldn't take this long for a transaction.

If anyone is wondering what ATM I was using, I was using LocalCoin ATM. Definitely wouldn't recommend because they give the false pretense that you get a 10% discount even though they charge an additional $3 fee just for making a purchase.

This was the ATM:

http://imgur.com/a/yhPs2Dk

submitted by /u/1MightBeAPenguin
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source https://www.reddit.com/r/btc/comments/dh550g/i_just_bought_btc_at_a_bitcoin_atm_and_it_took_7/

My response to some who said Vemmo is better than Bitcoin:

Traditional Banking will always have its limitations because of its centralized nature. PayPal and Venmo have built platforms on an obsolete system which does not empower the user with true monetary sovereignty. The custodian still holds an individual's funds, the outcome of that especially in developing countries is a restriction on what said person can do with his or hers wealth. Without complete control of ones financial future you will always be at the behest of a centralize institution that has proven itself historically incapable of managing that responsibility.

Cryptocurrency has already proven itself to be a clear alternative in countries that suffer from high inflation, have been cut-off by the banking world for political reasons(sanctions), lack of traditional banking infrastructure and all you need to do to participate is download a wallet app on your mobile device. Just with that simple mobile wallet app of their choice they can send/receive money to anywhere around the world for pennies, no questions asked.

The system needs a new foundation, not building new solutions on already fundamentally broken one.

submitted by /u/BitVolt
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"We propose a B2B electronic gold system. For everything else there's Mastercard" -Satoshi whitepaper (Blockstream Edition)

submitted by /u/m4cr0ch1p [link] [comments]

source https://www.reddit.com/r/btc/comments/dh3tys/we_propose_a_b2b_electronic_gold_system_for/