If one day BTC cannot be traded for cash, what will you do? - page 4.

Mastsetad

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Quote from: Sergiorr101 on September 01, 2016, 11:53:56 AM

i would most probably just buy some stuff for the bitcoins i own right now

If bitcoin wont be available to be exchanged to fiat then it would not be usable as well because no shops would accept it as they wont be able to use them further because it is not exchangeable.

jak3

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First tell me op what you will do if everyone in the world closed all the shops can you stay without a shop? Can something can really extint them.i do not think its possible and sso your question is.pointless to me

calkob

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I will spend my bitcoin directly that day....... Grin

wxa7115

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Bitcoin is GOD

Quote from: eternalgloom on September 01, 2016, 10:44:08 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?

While bitcoin is a great invention to me the greatest component of bitcoin is the blockchain, maybe we could put it to good use.

Sergiorr101

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i would most probably just buy some stuff for the bitcoins i own right now

LFC_Bitcoin

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Quote from: QuestionAuthority on August 27, 2016, 11:59:29 PM

Why can't you just spend it instead?

You can spend btc at thousands of places worldwide.

This is what I thought. If there was a time where bitcoin wasn't able to be converted into cash I'd just spend what I have, probably have a great time doing so too.

eternalgloom

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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?

randy8777

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Quote from: groll on September 01, 2016, 08:46:45 AM

That would be the startnof WW3 Grin

. There would be a worldwide portest if this event will come true. Many people will notballow this thing to happen as many people's wealth were at stake. People invested on their money for bitcoin and also invested their time.

Well if incase that would happen, I make sure that I will find a way to get back my money. If there is no way then I will just keep them and who knows it will turn back.

bitcoin will move more underground than it has ever been. peer 2 peer will be the desired method for buying and selling. and in that aspect, new kind of exchanges will pop up where people will still be able to buy and sell their coins. governments will only force such rules on bitcoin if it is seriously threatening their economy. that's why i like bitcoin how it is right now. an alternative currency/tool.

thejaytiesto

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Quote from: Kprawn on August 28, 2016, 10:07:49 AM

Well, let's hope the reason for that would be because Bitcoin became the global currency and fiat currencies all converted to Bitcoin. We also hope

the developers got their act together and we sorted out all the scaling issues. By then 1 Bitcoin will be worth roughly $100 000 000 each and we will

all be financially secured for the future... We can only wish!

The developers will get their act together, they are working really hard and they are making progress. We will soon have segwit with version 0.13.1, then next year, the long awaited sidechains kick in.

And like you said, once cash is removed, all the cash underground economy will move into bitcoin.

groll

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That would be the startnof WW3 Grin

. There would be a worldwide portest if this event will come true. Many people will notballow this thing to happen as many people's wealth were at stake. People invested on their money for bitcoin and also invested their time.

Well if incase that would happen, I make sure that I will find a way to get back my money. If there is no way then I will just keep them and who knows it will turn back.

Yutikas_11920

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Quote from: johnnyyash on September 01, 2016, 05:00:32 AM

two options in mind if it really happens..my btc to Altcoin for cash and spend any where around the world..other places that uses bitcoin...

Yeah, it's a fairly appropriate choice once. But I think if the BTC is trusted by all the people who never use the bitcoin. It can never be done and we could only save the bitcoin as a sign of thanks or as a form of history

marketone

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That would make the ones holding bitcoin rethink their situation on how they can spend their coins.
Cash is needed in this modern world there is no arguing that because unless all governments in every country starts primarily using bitcoin this is a concrete fact of life as we know it.

twa

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If i would want to earn more bitcoins, i would use bitcoins/altcoins trading to earn more, and then i would spend all of these bitcoins as their price would fall down

redsun114

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Quote from: johnnyyash on September 01, 2016, 05:00:32 AM

two options in mind if it really happens..my btc to Altcoin for cash and spend any where around the world..other places that uses bitcoin...

What about you can use currency exchange websites where you will get paypal or similar things?
If this really were to happen I’m sure whoever would be trying to get rid of bitcoin will have taken down major bitcoin exchange websites in advance.

johnnyyash

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two options in mind if it really happens..my btc to Altcoin for cash and spend any where around the world..other places that uses bitcoin...

diodio5

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Quote from: BitcoinMuscle on August 29, 2016, 05:47:46 PM

Quote from: sbtctalk on August 27, 2016, 02:22:22 PM

I will spend all my bitcoins on Purse.io.

Cheesy

i would exchange with other coins and the turn it into cash. if that would be possible

I think when bitcoin worthless in a fiat may bitcoin still beraharga in other altcoin? but please think that bitcoin is the mother of all coins.
if bitcoin worthless fiat of course all of the coins is of no value? it's just my thoughts alone. because bitcoin is the mother of all coins

safari88

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Quote from: wintermeasures on August 27, 2016, 09:38:29 PM

Quote from: sbtctalk on August 27, 2016, 02:22:22 PM

I will spend all my bitcoins on Purse.io.

Cheesy

If it Really Happens Then I Will Exchange My All Bitcoins Into Some Other Altcoins And Then I Will Exchange the Altcoin Into Cash....
Only this way Remains To Get Back Your Money.....

I do not see altcoin can be convert into cash, all should be through bitcoin. so when it happens on bitcoin, any coin will be garbage and can not convert to cash.

satdas

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Quote from: Shinpako09 on August 27, 2016, 11:30:24 PM

Cannot be traded for cash so you mean btc has no value. If that thing happen ill just keep my btc into my wallet until good thing happen again. Thats the best thing to do.

i think still most of the people cannot use bitcoin for cash in their area, still they are trading it and keeping. i my self living in such an area where i have very little opportunities of spending bitcoins in my local markets, therefore i mostly use bitcoin investment. but still i am hopeful that a time will come when i will be able to use bitcoin in my local area.

Reid

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Quote from: sbtctalk on August 27, 2016, 02:22:22 PM

I will spend all my bitcoins on Purse.io.

Cheesy

A really questionable answer. What are you thinking? They will let you transact with them if they know that it cannot be traded to fiat anymore? That is just a no brainer if I am the CEO of purse. Of course they would know the news since they are a big company that accepts it. They will close all of the transaction with bitcoin or maybe they have done it before you even know it.

Oralmat

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Quote from: sbtctalk on August 27, 2016, 02:22:22 PM

I will spend all my bitcoins on Purse.io.

Cheesy

Where we are here, in this stage, we can't say that the day will come in very hurry. Now you should spend the bitcoin easily with cool mind.
But also we never forget that no one know about future, so if suddenly we can't use bitcoin in anywhere than of course we all will be faces the loss.

Topic: If one day BTC cannot be traded for cash, what will you do? - page 4. (Read 6352 times)