Topic: If one day BTC cannot be traded for cash, what will you do? - page 2. (Read 6352 times)
September 04, 2016, 01:23:33 PM
I will used it as a payment processor perfectly, spend them for anything i want but i trully believe that it would never happen at least for 45 years, besides that i really like that bitcoin is unconverted to cash so people can used bitcoin as a currency but the question is will company accepted bitcoin as one of their payment option?
September 04, 2016, 01:14:18 PM
That would lead to the end of the Bitcoin. It can't function only in Bitcoin circle and there is no global financial system that would support Bitcoin and that can function without fiat money, so for majority of people it would probably become wothless.
September 04, 2016, 01:11:21 PM
I doubt it will effect the way that I view bitcoin because I do not exchange it into money anyways so that occurrence would not bother me in the slightest.
I think that moment itself the people who act as if they die for bitcoins will vanish. I will still be using and loving bitcoins the reason is that bitcoins gave me enormous profits in past which I can never forget at all and I owe bitcoins a lot and hence even if they become 1 value I will keep using them unless I am nil. September 04, 2016, 11:58:27 AM
If it would happen someday then i would just stop earning it. What is the point of having it if it can't be traded for cash? You can also buy those items on some online stores that accepts bitcoin in a mall or any physical stores. But i don't think that would happen because what is the purpose of bitcoin if it can't be converted into cash?
I think that's exactly what people do when this happens. People will leave bitcoin for sure. If bitcoin can't be traded into cash, it will be worthless. There's no use to earn bitcoin and just waste of time.
September 04, 2016, 10:28:30 AM
If it would happen someday then i would just stop earning it. What is the point of having it if it can't be traded for cash? You can also buy those items on some online stores that accepts bitcoin in a mall or any physical stores. But i don't think that would happen because what is the purpose of bitcoin if it can't be converted into cash?
September 04, 2016, 10:25:54 AM
It is better to break up with my ex-girlfriend instead of this kind of event. I am going to be more brokenhearted with bitcoin rather than with my ex.
But if this is going to happen for sure I am still going to keep on trading with bitcoin and there is no reason that bitcoin cannot be traded for cash at all.
wow mate if your gf only knew this site and can read this post im sure she will going to do it first, hahah, but moving back bitcoin is a currency so no such things like this will happen it will never happen that we can't echange it or trade it with cash. But if this is going to happen for sure I am still going to keep on trading with bitcoin and there is no reason that bitcoin cannot be traded for cash at all.
September 04, 2016, 10:22:33 AM
I doubt it will effect the way that I view bitcoin because I do not exchange it into money anyways so that occurrence would not bother me in the slightest.
Even if it does not bother you right now as you are not planning to exchange them now but if they that thing happens and bitcoins get unable to be changed into cash then all coins you are keeping will be useless as later on you cannot use them anywhere, because if bitcoin will not be exchangeable then no shops or markets would accept it as well.
September 04, 2016, 10:15:56 AM
It is better to break up with my ex-girlfriend instead of this kind of event. I am going to be more brokenhearted with bitcoin rather than with my ex.
But if this is going to happen for sure I am still going to keep on trading with bitcoin and there is no reason that bitcoin cannot be traded for cash at all.
But if this is going to happen for sure I am still going to keep on trading with bitcoin and there is no reason that bitcoin cannot be traded for cash at all.
September 04, 2016, 10:14:30 AM
If you worry about this, then you surely don`t get the whole idea of bitcoin revolution and what decentralized means. At the end, we hope bitcoin won`t be exchanged for something at all. I hope this makes sense. 
The thread title isn't related to Bitcoin being decentralized. Maybe it's better to put it this way; If your government forces through a total ban for Bitcoin to fiat conversions, what would you do?
I have no doubt that a lot of people will get out of bitcoin if such a ban was put in place by a powerful government but look at the war on drugs, drugs are illegal almost everywhere on the planet and still they are widely available.
No doubt drugs are widely available but you need money to buy it and mostly you need fiat to buy it as you cannot expect that you will be able to buy it with credit cards or bitcoins.
September 04, 2016, 10:12:00 AM
If you worry about this, then you surely don`t get the whole idea of bitcoin revolution and what decentralized means. At the end, we hope bitcoin won`t be exchanged for something at all. I hope this makes sense.
The thread title isn't related to Bitcoin being decentralized. Maybe it's better to put it this way; If your government forces through a total ban for Bitcoin to fiat conversions, what would you do?
I have no doubt that a lot of people will get out of bitcoin if such a ban was put in place by a powerful government but look at the war on drugs, drugs are illegal almost everywhere on the planet and still they are widely available.
September 04, 2016, 08:37:14 AM
I doubt it will effect the way that I view bitcoin because I do not exchange it into money anyways so that occurrence would not bother me in the slightest.
the same for me, im holding my bitcoins right now in order to be able to use it in the future, right now i dont exchange it and i dont spend it September 04, 2016, 05:25:25 AM
I will spend all my bitcoins on Purse.io.
well it's just for 1 day that bitcoin cannot be your to be trade for cash , then i will still earn bitcoin and i will keep my bitcoin into my bitcoin wallet because some day it will can be tradable again and can use as currency so that we can start trading or investing our coins and we gonna exchange it into cash 
September 04, 2016, 05:22:21 AM
That is no big issue simply we use cash for buying goods. If that happens then buying goods directly with Bitcoin will be single option. It has a start this way too if I am not wrong as it was used for good long before being traded for cash. This is less thing to be worried about. Bitcoin has reached at stage where it can not be undone anymore.
We use cash for buying things and they are accepted because they are used again by the markets or the shops for other purposes but if bitcoin would not be able to be converted to fiat then it would obviously be useless so how markets or shop will give you things and accept bitcoins for that if they cannot use them for something else?
September 04, 2016, 05:13:05 AM
That is no big issue simply we use cash for buying goods. If that happens then buying goods directly with Bitcoin will be single option. It has a start this way too if I am not wrong as it was used for good long before being traded for cash. This is less thing to be worried about. Bitcoin has reached at stage where it can not be undone anymore.
September 04, 2016, 04:54:54 AM
We will trade our coins for some goods, simply as that. And maybe we can expect one day some countries to forbid trading bitcoins in their currency, but also we can expect some countries to never do that, even now we have countries with low taxes, with paradise for criminals across the world.
Even if this happen, its not gonna be the end of bitcoins, we will find a way to cash out, just its not gonna be easy like its now. Pardon for some will be easy, and for others will not, its how this world works. Even now we have world where some people live much better then others. Let's hope that something like this will never happen, maybe we gonna need to fight for our freedom. Good luck to us all.
Even if this happen, its not gonna be the end of bitcoins, we will find a way to cash out, just its not gonna be easy like its now. Pardon for some will be easy, and for others will not, its how this world works. Even now we have world where some people live much better then others. Let's hope that something like this will never happen, maybe we gonna need to fight for our freedom. Good luck to us all.
September 04, 2016, 04:46:22 AM
If you worry about this, then you surely don`t get the whole idea of bitcoin revolution and what decentralized means. At the end, we hope bitcoin won`t be exchanged for something at all. I hope this makes sense.
The thread title isn't related to Bitcoin being decentralized. Maybe it's better to put it this way; If your government forces through a total ban for Bitcoin to fiat conversions, what would you do?
If that would happen then I don't think people will continue with bitcoins, as we only have one option to spend our coins by converting it to cash, and if that is stopped then it will be an end of bitcoins.
September 04, 2016, 04:42:23 AM
do not do anything, because when it happened I thought nothing could be done other than bitcoin will become dust.
For example, when I save some bitcoin on the exchanger and wallet, then bitcoin cannot be traded for cash. whether bitcoin would be useful? I think it is not useful when it could not be money.
For example, when I save some bitcoin on the exchanger and wallet, then bitcoin cannot be traded for cash. whether bitcoin would be useful? I think it is not useful when it could not be money.
Well that could work since it already happened. But that is also the point. It happened already, how do you think people will trust again for the second time. It will be a big problem to bring it back ul without support.
If bitcoin cannot be traded for cash then thats the end of bitcoin economy. There is nothing we can do but leave bitcoin behind. Keeping a coin without value and without a use is a waste of time. If that time comes then lets shift to other coins like altcoins. there are many coins to choose from. So moving on and choosing other coins is the best choice i can make.
September 03, 2016, 03:29:47 PM
If you worry about this, then you surely don`t get the whole idea of bitcoin revolution and what decentralized means. At the end, we hope bitcoin won`t be exchanged for something at all. I hope this makes sense.
The thread title isn't related to Bitcoin being decentralized. Maybe it's better to put it this way; If your government forces through a total ban for Bitcoin to fiat conversions, what would you do?
September 03, 2016, 03:05:05 PM
do not do anything, because when it happened I thought nothing could be done other than bitcoin will become dust.
For example, when I save some bitcoin on the exchanger and wallet, then bitcoin cannot be traded for cash. whether bitcoin would be useful? I think it is not useful when it could not be money.
For example, when I save some bitcoin on the exchanger and wallet, then bitcoin cannot be traded for cash. whether bitcoin would be useful? I think it is not useful when it could not be money.
Well that could work since it already happened. But that is also the point. It happened already, how do you think people will trust again for the second time. It will be a big problem to bring it back ul without support.
Though BTC is never gonna get in such situation lol
September 03, 2016, 12:52:00 PM
If you worry about this, then you surely don`t get the whole idea of bitcoin revolution and what decentralized means. At the end, we hope bitcoin won`t be exchanged for something at all. I hope this makes sense.
yeah i agree, in fact i'm using it directly to buy stuff, but not everyone can do this, and there are some thing that can not be bought without fiat, so you need to dump for that, in that case i would simply hold more fiat from my job, and keep the btc until the problem is solved
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