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 1 day ago by ooli2@lemm.ee to c/worldnews@lemmy.ml
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[–] bennieandthez@lemmygrad.ml 2 points 21 hours ago (1 children)

how do you even liquidate that?

[–] jagged_circle@feddit.nl 1 points 18 hours ago (1 children)

You mean if its worth hundreds of millions or trillions?

[–] bennieandthez@lemmygrad.ml 2 points 14 hours ago* (last edited 13 hours ago) (1 children)

Yes, even a relatively small quantity like 100k?

[–] jagged_circle@feddit.nl 1 points 9 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 4 hours ago (1 children)

What is OTC?

[–] jagged_circle@feddit.nl 1 points 32 minutes 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.