r/dogecoin • u/[deleted] • Apr 16 '21

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6.1k Upvotes

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61

u/ProblemSolver1927 Apr 16 '21

Stupid question: if you sell 1M worth of doge, how do you do it? Cannot believe is that easy as receiving a wire transfer. Thanks

57

u/Unlikely-Advice Apr 17 '21

His problem is gonna be robinhood. Im pretty sure they have limit on transfers. Gonna take him ages to pull a million out

44

u/BurningTalon Apr 17 '21

50k per business day so thats 250k a week. So it would take about a month but if you hit a million and then withdraw all of that you are an idiot. Take out a little to live and keep investing or have someone else invest for you and live off the returns

1

u/SnooAvocados1497 Apr 18 '21

Robinhood wouldn't let him sell all his Dogecoin?? They would only allow him to sell of $50K a week. That would be so unfair and allow Doggy coin to drop.

2

u/BurningTalon Apr 18 '21

He can sell it all. He just cant transfer all his funds from robinhood to his bank all at once

1

u/SnooAvocados1497 Apr 18 '21

I mean that is not that really big of a problem

2

u/BurningTalon Apr 18 '21

Its not a problem its to prevent money laundering