this post was submitted on 04 Feb 2025
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El Salvador Abandons Bitcoin as Legal Tender After Failed Experiment (ticotimes.net)
submitted 2 days ago by ooli2@lemm.ee to c/worldnews@lemmy.ml
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[–] bennieandthez@lemmygrad.ml 2 points 1 day ago (1 children)

how do you even liquidate that?

[–] jagged_circle@feddit.nl 1 points 1 day ago (1 children)

You mean if its worth hundreds of millions or trillions?

[–] bennieandthez@lemmygrad.ml 2 points 23 hours ago* (last edited 23 hours ago) (1 children)

Yes, even a relatively small quantity like 100k?

[–] jagged_circle@feddit.nl 1 points 19 hours ago (1 children)

That's easy. Ive sold that much. Just do it on an exchange. Get over a million and you do it OTC.

[–] bennieandthez@lemmygrad.ml 1 points 13 hours ago (1 children)

What is OTC?

[–] jagged_circle@feddit.nl 1 points 10 hours ago

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.