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How easy is it to sell bitcoins now? Especially for large amounts, can someone just cash 1000BTC on mtgox now?


Nobody has an answer for you, but this is a very legitimate question. If you can't cash out at any time, the market is not liquid and the $1000 value is just smoke.

I believe that the BTC valuation is based more on newcomers expectations of growth and less on anything tangible - like trading it for goods or cash.

We will probably see the facebook scenario where everybody -before IPO- was shouting the incredible 100billion valuation while secretly hoping enough fools will jump to buy shares to raise the price so they could cash out in profit.




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