this post was submitted on 25 Nov 2023
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Survey:How do you cash out? (alien.top)
submitted 11 months ago by Matt-ayo@alien.top to c/ethereum@blockchained.world
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With Coinbase clamping down on users, I'd be interested to know how people cash out.

Feel free to omit any details you don't feel comfortable sharing - and if you don't know what to share, better to share less.

I'd be interested to know:

  1. What service(s) are do you use to convert crypto into fiat?
  2. What's the greatest amount you've cashed out at once, or in a short time period?
  3. What Country are you in?
  4. Have you ever had funds taken from you due to regulations?

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[โ€“] AmericanScream@alien.top 1 points 11 months ago (1 children)

Very interesting how evasive people are when you're asking such a basic question. Especially as it pertains to how much people have cashed out.

It makes you wonder how easily people really can cash out and how much liquidity there is in the market when everybody kinda implies they have a ton of crypto, but nobody will really say how much.

Personally I think most people don't have hardly any, or they bought in and are negative and don't want to think about it.

In a general sense, you don't cash out. That's not the way the market is designed. Money goes in. Exchanges steal it. Money doesn't come back out.

[โ€“] croholdr@alien.top 1 points 11 months ago

I cash out all the time. Just not all of it. Thats why theres staking. People need to eat, drink have health care and shelter.

Your own biases are wrong and its easy to see you are still 'down' a lot and you aren't earning against it; and you just watch a single balance and sit around wondering, or hoping, that most are like you.

I'm not. I've sold many tops. I sold the recovery. I bought some more and now I'll sell some more when I need money and the market gives me more than what I paid. If you aren't doing this then you mine as well take up collectables trading before telling people to give up traditional banking.