Topic: Do you buy or sell crypto for cash? (Read 887 times)
You can only afford to buy more in this present market. All coins are in their lowest you can get them for the rest of this year. Grab as much as you can now!
in the country of my residence there are often problems with cashing out the cryptocurrency .. the bank just can block my bank account and ask to declare this money.. there are certainly different ways of cashing out cryptocurrencies but they are not always completely legal.. at the moment I am looking for different alternative ways.
I want to sell at the highest price, hold cash, and then buy it back when the price is lowest. This is the best operation, but it is often difficult. So once the price rises I will hold cash, and if the price falls I will buy it back.
That is nothing more than the standard strategy of a trader however selling at the very bottom of the price is incredibly difficult, selling close to the bottom is a lot easier, but selling your bitcoin for cash can be very troublesome, this is why many people decide to exchange their bitcoins for tether dollars instead, that way you get the convenience of using a cryptocurrency but with the stability of the dollar. I do not sell my altcoin for cash because currently, I hold a coin, especially now the price of altcoin has declined because bitcoin can be good at the end of the year and it could be profitable.
Of course I do. Some of my bounty rewards I reinvest in crypto and some I exchange for cash. In the end of the day this is payment for a work done, so we have to see some of it in the bars.
When I required the cash for my personal use I sell some of my coins and get cash for that otherwise I'd like to hold my coins for the long term because I know that we can get very good profit if we hold them for long term.
I want to sell at the highest price, hold cash, and then buy it back when the price is lowest. This is the best operation, but it is often difficult. So once the price rises I will hold cash, and if the price falls I will buy it back.
Hey guys,
I'm doing a little research now about using cash (paper money) for direct buying or selling crypto in different countries and I need your help. Could you share please your experience of such deals in your country? In what way are you doing this? And what were the problems or the advantages of this way? If you can, please tell about which country you speak, then this research will be more practical.
The results of this research can help improve Dether dapp the beta release of which will be in the coming days (the first dapp beta release for Business already launched http://shop.dether.io). The main strategic mission of this project is the breaking barriers to the mass adoption of Ether and crypto in general. The team believes that a convenient, mobile, decentralized, p2p way to buy and sell crypto for cash is able to significantly contribute to this and their opinion is shared by Consensys in the person of Ethereum co-founder, Joseph Lubin, which support them. I'm also long-standing and sincere contributor to Dether and I will be grateful to you for your help in this research
p.s.
Recently, Dether team interviewed citizens of ten countries to learn how to deal with the purchase / sale of crypto in general, in their countries. If you are interested to know what crypto enthusiasts from Tanzania, Czech Republic, Senegal, Vietnam, Congo, Philippines and others countries talk about it, you can get acquainted with the results of the interview in this Medium article https://medium.com/@DETHER/the-good-the-bad-and-the-ingenuitive-what-it-is-really-like-to-buy-and-sell-cryptocurrency-8fdfbfc2aee7. In this thread, as you already understood, I want to learn about the ways of buying / selling crypto directly for cash.
Dether Bug Bounty is available now. Join the Personal Dapp testing now:
https://medium.com/@DETHER/dethers-bug-bounty-program-beta-testing-e9f1bb4fec73
I'm doing a little research now about using cash (paper money) for direct buying or selling crypto in different countries and I need your help. Could you share please your experience of such deals in your country? In what way are you doing this? And what were the problems or the advantages of this way? If you can, please tell about which country you speak, then this research will be more practical.
The results of this research can help improve Dether dapp the beta release of which will be in the coming days (the first dapp beta release for Business already launched http://shop.dether.io). The main strategic mission of this project is the breaking barriers to the mass adoption of Ether and crypto in general. The team believes that a convenient, mobile, decentralized, p2p way to buy and sell crypto for cash is able to significantly contribute to this and their opinion is shared by Consensys in the person of Ethereum co-founder, Joseph Lubin, which support them. I'm also long-standing and sincere contributor to Dether and I will be grateful to you for your help in this research
p.s.
Recently, Dether team interviewed citizens of ten countries to learn how to deal with the purchase / sale of crypto in general, in their countries. If you are interested to know what crypto enthusiasts from Tanzania, Czech Republic, Senegal, Vietnam, Congo, Philippines and others countries talk about it, you can get acquainted with the results of the interview in this Medium article https://medium.com/@DETHER/the-good-the-bad-and-the-ingenuitive-what-it-is-really-like-to-buy-and-sell-cryptocurrency-8fdfbfc2aee7. In this thread, as you already understood, I want to learn about the ways of buying / selling crypto directly for cash.
Dether Bug Bounty is available now. Join the Personal Dapp testing now:
https://medium.com/@DETHER/dethers-bug-bounty-program-beta-testing-e9f1bb4fec73
This looks like a very good project. Often, buying and selling Bitcoin or altcoins for cash is not easy because it's hard to find reliable users. So I think this is the main reason people prefer to use exchanges which look more trusted.
I deduce money through the spectrocoin service on a bank card. Only they have a little overpaid for services, but otherwise it works without problems.
I sold my bitcoin and altcoins to my friends and their friends for cash. My friend directly transferred money to my account and I sent him Bitcoins to his blockchain wallet. he referred me to his friends and they bought NEO and ETH from me for hard cash. with friends it is safe but while doing a cash deal with strangers you should be careful.
If you mean physical cash then I haven't made any transactions but one of my friends from the same city where I live in bought Bitcoins through localbitcoin website. He told that process wasn't so smooth because of some trust issues.
That is always a problem with face to face trades, you do not know the person that you are meeting and unless the person you are exchanging your money is very trusted it will be very difficult to hand out your cash or your bitcoin, after all if you hand out your cash and the person is someone not to be trusted you are never going to see that cash again and the same is true for your bitcoin. I do not sell my altcoin for cash because currently, I hold a coin, especially now the price of altcoin has declined because bitcoin can be good at the end of the year and it could be profitable
Man, I also do not do it now, but when I feel I need the money, I sell it for the cash. Naturally, I also buy it for fiat - I do not find anything strange in it. Yes, sometimes, I get the coins when I participate in Bounties.
Of course, but crypto-to-crypto market is considered as more flexible and profitable
I sold my bitcoin and altcoins to my friends and their friends for cash. My friend directly transferred money to my account and I sent him Bitcoins to his blockchain wallet. he referred me to his friends and they bought NEO and ETH from me for hard cash. with friends it is safe but while doing a cash deal with strangers you should be careful.
I do not recommend buying crypto-currencies cash
It's safer to buy crypto-currencies through exchangers
It's safer to buy crypto-currencies through exchangers
I do sell crypto for cash. I don't buy crypto but I work for it to earn and sell it for cash. I earn crypto through joining in an ICO and participate in their bounty campaigns.
Yes, actually you can buy lots of cryptocurrency using your local currency and they sell it for a higher price just to obtained a profit from it.
It is such a wonderful experienced because you can obtained a income from it without working so hard to get it.
It is such a wonderful experienced because you can obtained a income from it without working so hard to get it.
If you mean physical cash then I haven't made any transactions but one of my friends from the same city where I live in bought Bitcoins through localbitcoin website. He told that process wasn't so smooth because of some trust issues.
Recently, I began to pay attention to the possibility of selling the currency for USDT. because this is the equivalent of the dollar and does not change much in price, this is what is the main thing for me to accumulate capital. 
If you mean physical cash then I haven't made any transactions but one of my friends from the same city where I live in bought Bitcoins through localbitcoin website. He told that process wasn't so smooth because of some trust issues.
in the country of my residence there are often problems with cashing out the cryptocurrency .. the bank just can block my bank account and ask to declare this money.. there are certainly different ways of cashing out cryptocurrencies but they are not always completely legal.. at the moment I am looking for different alternative ways.
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