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RE: The Conundrum of Getting, Having & Keeping A Buttload of Steem
Pretty easy to work out what X amount of Steem is worth in USD if you sell it all off at once. Just fulfil each of the current buy orders 1 by 1 until you run out, you'll see how far down the price you'll get.
Might be worth dropping the steem across multiple exchanges too, to hit the higher exchange rates across them all.
@lexiconical's tax post pointed out how relatively small the market cap is for Steem and that it wouldn't be inconceivable for someone with a lot to overwhelm the "buy" side of the exchanges.
I think not crushing the price and pissing away the value of your holdings is the tricky part of the scheme.
I knew people that had their retirements planned around Beanie Babies. I think they may have moved in with their parents now.
Required reading:
http://www.huffingtonpost.com/entry/beanie-baby-fever-in-1999_us_58af7d12e4b060480e0661fe
OMG that's F*!ing hilarious!!!!
My wife has a bankruptcy practice and there have been clients who still valued their Beanie's in the $1000s.
Yeah, unfortunately it's beauty, not value, that is in the eye of the beholder.
Indubitably, this is what your wife still deals with (that's a SOLD item, btw):
http://www.ebay.com/itm/RARE-Peace-Bear-Beanie-Baby-with-All-Tag-Mistakes-/272631472793
I was trading on eBay back then... and it was insane. Been down the "collecting" road many a time... rare stamps, old fountain pens, Beanies, other things. "Collectors" are fine, and often are the "market makers." However, when the investor-exploiter types enter the market... that's when it's time so pop some popcorn and watch the insanity.
Yeah, I remember when Alpacas were all the rage, breeding pairs going for $10k-$12k and yet the marketing still talked about future markets in Alpaca meat. ?!?!
And my wife's not dealing with those kind of Beanies, it's more often than not the ones that still sell for $4 (but I just know the market is going to rebound).