I did an Startpage Internet search on cashing out Bitcoin and I found the CoinBase Help Page. CoinBase lists 2 steps to cash out cryptocurrency. The first is to sell your crypto for cash. The second is the send the money to your bank or PayPal. CoinBase claims no limit on the amount of crypto you can sell for cash. CoinBase says there is a short hold period before they send the cash. PayPal has a limit of $60,000 per transaction for a verified account. I don't know how many transactions you can make in a day. =========================== Make all investments at your own risk. You and you alone are responsible for all your investments. .
and Paypal has been known to block accounts if they have any suspicions on the transfer activities, even worse for non-US clients or non-US funds. If they feel you are abusing their system, and not being a real "client", they will terminate your account and take the money so you can bet that your account will be terminated after your first $200,000 cash out
Options are very risky and very volatile and the spreads on the MSTR options are horrible My target for MSTR is $1500 (~$15B market cap) before 12/31/2021 I would sell my options if that hits, otherwise I'll just sell the options on the first week of Jan 2022
I admit, I have no idea how options work but 1500 in 7 weeks seems wishful as it's been trading 710 to 800 for many months. Its break above 800 is a welcome sign and with such a small float and price so linked to BTC, anything can happen.
I should mention that $1500 is an arbitrary price target from me which may not come to fruition, more details below My break-even for the qty=5 Jan 2020 call 750 options is ~$850/mstr share on the 3rd week of Jan 2022 If MSTR is below $850 on Jan 21,2022, I lose money up to my maximum loss of $50K, total investment if MSTR is below $750/share on that date I can sell the 5 MSTR call options tomorrow for about $75K or at anytime before Jan 21, 2022 and the value will fluctuate depending on the price of MSTR at the time I sell the call options -------------------------------------- So to go back to the $1500, that is not even the maximum price target I have for MSTR stock price. It totally depends on the price of bitcoin between now and Jan 21, 2022 I understand you are using charts, but I'm using fundamentals If we just for the sake of argument agree that bitcoin will hit $100K, can you extrapolate the price of MSTR share when that happens? Currently, MSTR owns 114K bitcoins (still growing), they have issued debt (and retired some earlier debt so total debt is a moving figure), they also sold MSTR shares to purchase more bitcoins, the market cap is $8.39B per yahoo finance I don't argue with the market so I try to anticipate the future outcome based on quantitative data. If MSTR stays at $700-800 range even as bitcoin goes to $70K, $80K or even $100K, then so be it
Thanks for the "for dummies " explanation of how options work, it was very clear and I agree with price above 850 between now and 01 21 2021 precisely because of BTC, the one predictor of MSTRs future performance, with the caveat that they're not tightly corollated. So BTC seals your fate... let's hope for a big spike in the coming weeks!
Show your proof that drug cartels and criminals are primarily using crypto/BTC to launder money. Show us a list of wallet addresses, source of the crypto in those wallet addresses and proof those wallet addresses are owned by criminals.
that's exactly because it's all hidden they can get away with it, duh! thanks for proving my point I suspect the authorities, like the Silk Road thing, are letting it ride to catch as many fishes as possible if you get my drift
If it's hidden how do you know about it? Unless of course you are a criminal. Are you a criminal? And if it's not hidden then you have proof that crypto/BTC is the primary way drug cartels and criminals launder money. Show us all that proof. Show us wallet addresses, wallet balances and demonstrate a clear link to who controls those wallet addresses. Unless you don't have any proof.