Topic: If one day BTC cannot be traded for cash, what will you do? - page 3. (Read 6352 times)
September 03, 2016, 12:50:30 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.
September 03, 2016, 12:45:37 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.
September 03, 2016, 12:44:12 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.
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.
If a currency cannot be traded for other currencies, and then everyone is just holding their coins then that means that the currency has achieved the money velocity of zero, and that basically means is useless.
However, is really difficult for me to imagine an scenario in which this is possible, because it's impossible to seize bitcoin, because there is not a central server that holds all the coins or something like that, so while bitcoin may crash and lose a lot of value, I am unable to see a future in which bitcoin will reach a value of zero.
velocity of zero will not happen. even if the value of one bitcoin will go under $0.01 for what ever reason, there will be some trades buying in the hope to make some money.
but at this point bitcoin will be practically dead. people will still pay pay some money to buy some coins as souvenir or something.
September 03, 2016, 12:37:22 PM
If that time comes, I would surely spend all of my remaining btc into steam wallet credits and buy everything I can buy with all those and afterwards, sell the items or games to different people so that I can recoup my investment into cash. Many people are buying things and games in steam from different people, might as well take advantage of that if I cannot trade btc directly to cash.
Honestly I would buy everything I can off of Purse.io. I could stock up on household supplies and buy tons of fun toys with all the bitcoin I have saved up. I don’t think bitcoin will ever not be tradeable but I would definitely spend all of it on useless junk too. September 02, 2016, 01:33:09 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.
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.
If a currency cannot be traded for other currencies, and then everyone is just holding their coins then that means that the currency has achieved the money velocity of zero, and that basically means is useless.
However, is really difficult for me to imagine an scenario in which this is possible, because it's impossible to seize bitcoin, because there is not a central server that holds all the coins or something like that, so while bitcoin may crash and lose a lot of value, I am unable to see a future in which bitcoin will reach a value of zero.
velocity of zero will not happen. even if the value of one bitcoin will go under $0.01 for what ever reason, there will be some trades buying in the hope to make some money.
but at this point bitcoin will be practically dead. people will still pay pay some money to buy some coins as souvenir or something.
September 02, 2016, 01:28:15 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.
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.
If a currency cannot be traded for other currencies, and then everyone is just holding their coins then that means that the currency has achieved the money velocity of zero, and that basically means is useless.
However, is really difficult for me to imagine an scenario in which this is possible, because it's impossible to seize bitcoin, because there is not a central server that holds all the coins or something like that, so while bitcoin may crash and lose a lot of value, I am unable to see a future in which bitcoin will reach a value of zero.
September 02, 2016, 10:24:16 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 02, 2016, 10:01:18 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.
September 02, 2016, 09:58:59 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.
September 02, 2016, 09:55:11 AM
Well if that the case and if it really happens someday i think before that happen it will be on news or what so ever that theres a warning that bitcoin cannot be traded in cash soon then before that happens i will exchange my bitcoin into cash as soon as possible so that i can use it in last time or i am going to buy it all in some online store
September 02, 2016, 09:00:35 AM
How would that happen? by the current direction and nature of the market I doubt that would happen anytime soon and *if* that happened, I doubt purse.io would be accepting bitcoins as well 
, nobody likes holding the bag anyway.
, nobody likes holding the bag anyway. September 02, 2016, 08:25:33 AM
I will do nothing because I can't do anything.
What options would you have if you can't trade it to cash?
I can't think of a thing because that is where all the options come from.
What options would you have if you can't trade it to cash?
I can't think of a thing because that is where all the options come from.
That would become the most horrible day of everyone who have bitcoins. I would probably cannot talk on that day if I have bitcoins since we are already thinking thr money that we have lost. But of course it would not happen as many people would not let it to happen.
September 02, 2016, 05:40:05 AM
There are online merchant sites like overstock, wordpress, you can buy things and service in such sites. Or you can buy dangerous thing like weapon or drug on dark market. Using bitcoin is more secure.
September 02, 2016, 05:36:34 AM
If it was impossible to trade Bitcoins for cash, then I would assume that it would also be impossible to buy most things with Bitcoins.
So what use does Bitcoin have, if that were the case?
yeah i thought it was the end of bitcoin? if bitcoin not be in exchange for fiat or cash? then what is the use bitcoin? So what use does Bitcoin have, if that were the case?
I think bitcoin would not have if the price can not be in exchange for fiat
September 02, 2016, 05:33:41 AM
I will spend all my bitcoins on Purse.io.
Yes I will buy anything that I can with bitcoin and start selling it.I can also trade it for Altcoins which can be converted to fiat September 02, 2016, 04:53:38 AM
i think it is already not accepting for cash, so we are holding it for price increase or invest it some where else for good profit. there are so many other people who are also using bitcoin for investment.
Alright we are holding it for price increase and alright we are using it for investment but after that, what?
Of course you will need to convert it to cash to buy something in cash that bitcoin can't buy.
September 02, 2016, 03:06:10 AM
i think it is already not accepting for cash, so we are holding it for price increase or invest it some where else for good profit. there are so many other people who are also using bitcoin for investment.
September 02, 2016, 02:55:09 AM
I will do nothing because I can't do anything.
What options would you have if you can't trade it to cash?
I can't think of a thing because that is where all the options come from.
that's right btc is a currency so there's no other way o use it if the value can't be change to fiat i'm not sure why online shop or anything that use btc will value the coin if there's no value anymore. What options would you have if you can't trade it to cash?
I can't think of a thing because that is where all the options come from.
September 02, 2016, 02:51:43 AM
I will do nothing because I can't do anything.
What options would you have if you can't trade it to cash?
I can't think of a thing because that is where all the options come from.
What options would you have if you can't trade it to cash?
I can't think of a thing because that is where all the options come from.
September 01, 2016, 01:11:23 PM
It all depends on whether or not people are willing to offer goods/services for Bitcoin. If you can't trade for cash it won't matter as longer as people are willing to accept it as exchange.
That being said, it would likely collapse pretty quickly as businesses are in the business of making money
That being said, it would likely collapse pretty quickly as businesses are in the business of making money
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