Let's say someone had 100 BTC and wanted to convert to USD - how would that actually work in practice? Are there special procedures for large amounts, or is it just like converting smaller amounts?
That's an interesting hypothetical! I researched this using tools like Paybis' 100 btc to usd calculator, and large conversions involve several considerations. First, you'd likely need to work with OTC desks or stagger orders to avoid moving the market price. The calculator shows that converting 100 BTC all at once could result in 3-5% slippage versus current spot price due to order book depth. You'd also need to consider tax implications and possibly banking regulations for large wire transfers. The calculator's advanced mode lets you simulate different conversion strategies to maximize returns.