Can 100,000 Bitcoins be sold at once? Bitcoin selling operation tutorial

Selling Bitcoin is usually done through a cryptocurrency exchange. Bitcoin is designed to be exchanged for value like cash. In the cryptocurrency world this means that investors can exchange Bitcoin for many other assets and can be traded without the use of intermediaries such as banks or payment apps. Selling Bitcoins for this purpose is also a common transaction, but for investors who have a large amount of Bitcoins on hand, they especially want to know whether 100,000 Bitcoins can be sold at once? It is understood that it can be sold, but this operation may also cause market panic. The editor below will tell you in detail.

Can 100,000 Bitcoins be sold at once?

100,000 Bitcoins can be sold at once, but selling them all at once may cause huge market fluctuations. Therefore, it is a good choice to adopt a batch selling strategy. It can be divided into batches reasonably according to market changes. The quantity sold each time is adjusted according to changes in market fluctuations, which can control market fluctuations more efficiently. At the same time, it can also reduce market risks to a certain extent and protect returns. The following is a detailed tutorial on selling Bitcoin:

1. Open the official website of OKX Exchange (click to register), enter your email address on the homepage, click "Register", slide the slider to the right, and complete the puzzle for verification , and then enter the verification code received by email. The verification code is valid for 10 minutes

2. Then enter the mobile phone number, click "Verify Now", and enter the verification code received by the mobile phone The six-digit verification code is also valid for 10 minutes

3. Select your country/region of residence and check the Terms of Service, "Risk and Compliance Disclosure" and Privacy Policy With the statement

4, create a password that needs to be 8-32 characters in length, 1 lowercase letter, 1 uppercase letter, 1 number, 1 symbol, such as :!@ # $ % and other conditions

##5. After logging in to your account, find the "User Center" icon on the homepage and enter the identity authentication page

6. Different levels of authentication can be carried out according to different needs (note: video authentication needs to be operated on the APP)

7. Click " "Transaction" - "Bibi" to enter the trading page

8. Enter BTC in the search box, select the BTC/USDT trading pair, and you can see the real-time market price of BTC

9. Enter the amount of BTC to sell and click Sell BTC.

How much is 100,000 Bitcoins worth?

According to the current market price, the price of one Bitcoin is 65922.15 US dollars, then 100,000 Bitcoins = 100000*65922.15=659,221,500,000 US dollars.

Bitcoin is electronic data circulating on the Internet. Unlike legal currencies such as the Japanese yen or the U.S. dollar, Bitcoin does not have a central bank or official issuing agency. It is a decentralized currency managed on the Internet using blockchain technology, so it can be traded freely without being restricted to a specific issuing institution. Especially for people who are insecure about their own national currency, the exchange between Bitcoin and fiat currency can avoid risks and allow investors to send money to all over the world in a safe and low-cost way in a short period of time.

Bitcoin has the highest market value among all cryptocurrencies, and the supply and demand are large, so the value of Bitcoin itself also fluctuates up and down. You can make profits in the short term by buying (and selling) due to value fluctuations, or you can make long-term investments by buying (and selling) now (lower prices) based on the forward-looking nature of Bitcoin. In addition, other cryptocurrencies can also be introduced to mitigate the risk of volatility and hedging through transactions between cryptocurrencies, and even manage assets by establishing investment portfolios.

The above is the detailed content of Can 100,000 Bitcoins be sold at once? Bitcoin selling operation tutorial. For more information, please follow other related articles on the PHP Chinese website!