Topic: If one day BTC cannot be traded for cash, what will you do? - page 10. (Read 6352 times)
Just because it cannot be traded for cash doesn't mean it also can't be traded for the other thing right? Then I'll actually act normally because I honestly rarely withdraw my Bitcoin to cash.
Do you mean "If one day BTC cannot be traded for cash, what will you do?" - Because it is illegal, there is no one to buy, or other reasons like algorithm is broken?
Obviously if BTC for some reason becomes illegal in the country reside, then will you have to respect the national legislation, that is a no brainier.
No one to buy: that is very unlikely, as long as the network is running then will there be BTC trading, if it gets so unappreciated that BTC will not trade on
any exchange then will there with out doubt be some 2nd market trading.
If the algorithm is broken, then are will there without doubt be a fork very fast.
Last aspect is the large amount of physical BTC out there, there is a significant amount of BTC tied up to physicals.
These are in principal un affected by the status of the network. This can always (and will always) be traded for cash.
Since they are historical objects.
Obviously if BTC for some reason becomes illegal in the country reside, then will you have to respect the national legislation, that is a no brainier.
No one to buy: that is very unlikely, as long as the network is running then will there be BTC trading, if it gets so unappreciated that BTC will not trade on
any exchange then will there with out doubt be some 2nd market trading.
If the algorithm is broken, then are will there without doubt be a fork very fast.
Last aspect is the large amount of physical BTC out there, there is a significant amount of BTC tied up to physicals.
These are in principal un affected by the status of the network. This can always (and will always) be traded for cash.
Since they are historical objects.
I will spend all my bitcoins on Purse.io. 
well, this will never happen because everything is being traded against fiat and gets their value that way; of course that is unless bitcoin itself has value. and as long as that is true, there is no reason why you can not trade it with fiat.
also why aren't you using purse.io or any other similar service for spending your coins right now?
Haha, it is not a good thing to do. I would prefer to save the bitcoin than spend all bitcoin owned > because I saw that it was just a temporary displacement and will return as before. Bitcoin will always sell, although in the future there is a much better competitor of bitcoin
I will spend all my bitcoins on Purse.io.
I will also do the same , as we know that purse.io is a place to buy online with bitcoin then I think after that we will not need to convert our money into fiat, I will buy things from there or any other shopping site where bitcoin is accepted, and if I would need to buy anything which will not be available with bitcoin and for that I will have to go to my local market and have to pay with fiat, then there is also a solution with me, I will buy some goods from online store with bitcoin and when I will get it I will sell that goods for fiat and will use that fiat to buy the thing which I will need.
I don't think this gonna happen in near future as i have just exchanged some of my bitcoin to local cash in person to person deal. But if there will be no one intrested in exchanging bitcoin for cash, we can still use those bitcoin anywhere using bitcoin credit cards.
I will spend all my bitcoins on Purse.io.
Bitcoin is cash!Digital cash!
If you can not trade Bitcoin for fiat cash anymore, to me this means that fiat has failed.
So if somebody wants my Bitcoin, he will have to pay me in goods. For instance I give you 10 BTC and you give me your property.Or I give you 2 BTC and you give me your new car.
You see I'm looking at it from a different perspective.
Then there will be no any problem to us, we can use bitcoin as other currency to buy anything we want, there are a lot of online shops as you mentioned in the OP, where we can find any thing which we will need for our daily use, we can go there and can buy that specific thing.
I will spend all my bitcoins on Purse.io.
Bitcoin is cash!Digital cash!
If you can not trade Bitcoin for fiat cash anymore, to me this means that fiat has failed.
So if somebody wants my Bitcoin, he will have to pay me in goods. For instance I give you 10 BTC and you give me your property.Or I give you 2 BTC and you give me your new car.
You see I'm looking at it from a different perspective.
another strange topic. but funny how nobody interprets this question in the way, that fiat simply does not exist anymore. bitcoin won and everybody just pays for everything in bitcoin. since their is no fiat anymore you can not exchange bitcoin into fiat. i thought somebody would say this, with all the to the moon mentality here.
This is hilarious... But anyway, I'll stop my journey if that happens.. Nothing is there at the end...It's useless to collect it if it has no cash value or cannot be traded to real money, for sure many investors would stop their business from accepting bitcoin too since world will only accept money and not bitcoin anymore if that happens...
In short, we are doomed!!! Just kidding.. 
In short, we are doomed!!! Just kidding..
I will spend all my bitcoins on Purse.io.
You are saying that, but purse.io will also face the same problems as us when it comes to not being able to cash out our coins. They don't keep the coins but have everything converted to fiat. Basically, your move won't work.
I will spend all my bitcoins on Purse.io.
I will trade my bitcoins for gold or silver.
Purse.io is a good idea as well.
I don`t think that this will happen.
If ever bitcoin stops being traded for fiat, it will loose its value for sure. Bitcoin will only be viable only if we can exchange it in to a fiat currency and spend that money in to our economy.
If it stops, no other store will accept bitcoin as a payment processor because, they will not be able to use this amount to procure goods and services. Hence it will loose its entire value.
If it stops, no other store will accept bitcoin as a payment processor because, they will not be able to use this amount to procure goods and services. Hence it will loose its entire value.
well if bitcoin cant be traded for cash maybe i am going to trade bitcoin for goods, or just simply jump to another alt coin that can be change to cash, unless all of the shop already implemented bitcoin payment so i dont need fiat to buy all my need, then i will stick to use bitcoin
I will spend all my bitcoins on Purse.io.
As if they'd allow that. If it can't be converted to cash then it's back to zero value. IMO as for me I'd just keep it in a ledger wallet and hope for the best.
bitcoin can not be traded for cash means bitcoin are wothless right? have a zero value?
means even purse.io will just close the service , so do the whole bitcoin business services ,
means bitcoin already died worth nothing , we just hopeless.
I will spend all my bitcoins on Purse.io.
Can you maybe explain a littel about Purse.io? it's seems to be similar to brawker (it's down btw for some time now).
What would I do? probably donate to someone or some charity and simply move on. :p
lol. if bitcoin cannot be converted into fiat then obviously it will have no value in the real world usage, expect buying digital goods directly from online shops which accept btc payments, and donating something which has no value to a charity is just a waste of your time and the charity's time as well. 
I will spend all my bitcoins on Purse.io.
If you cannot trade it for fiat then you mean that bitcoin has no value? For me I'll just keep it until it has a value. Just a tip, never put all your investment to bitcoin. Just look for other income so that you have alot of options.
I will spend all my bitcoins on Purse.io.
maybe instead of creating another pointless topic with a hypothetical situation that will never come true, start looking around (even online) to find places to spend your bitcoin NOW, instead of waiting forever for the moon landing.
I will spend all my bitcoins on Purse.io.
Never hear this site, thanks for your ad, it is a good site to by things with bitcoin, it means that we have more useful with bitcoin, that's beneficial to bitcoin ecosystem. We don't need cash, we can buy goods with bitcoin because bitcoin is money/e-cash.
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