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Synchronous processes and BulkApi

We are attempting to insert/update 200,000+ rows at a time. Using the bulkAPI seems to be the logical choice. However, it is my understanding that switching to bulkapi turns any method (update, insert, delete) into an asynchronous process. Since the upload/insert is part of a series of interdependent processes is there any reason the regular non-bulkapi process cannot be used for large inserts, updates or even deletes?

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