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comment by snoodog
snoodog  ·  308 days ago  ·  link  ·    ·  parent  ·  post: Bitcoin Futures Start With a Bang as 26% Rally Triggers Halts

You can’t really cash out. If you have any reasonable amount of coins you are along for the ride since the limits for transactions are 10-15k a week. At least on Coinbase




veen  ·  308 days ago  ·  link  ·  

You can sell all of your coins at once. But then you have to pray to Satoshi that that particular exchange doesn't implode before your money is out.

(By the way, Kraken has a 5k/24h limit, transferred within a day in the EU. So your mileage/kilometrage may vary.)

snoodog  ·  308 days ago  ·  link  ·  

It’s probably safer to short the Futures and slowly sell the underlying