Topic: If one day BTC cannot be traded for cash, what will you do? - page 6. (Read 6372 times)
I am sure it won't happen ever, if it govt will ban trading bitcoins for cash and other ways to exchange BTC will found like exchange to ecurrencies and then cashout.
I really dont want to think about that for whatever reason but if it eventually happens, I am sure there will be another way to use the bitcoin in which we are all going to go for. But its going to be a great setback...
well it would be really bad then because a lot of people would be disappointed and stop using bitcoins at all as it wouldnt make them earn big moneyI really dont want to think about that for whatever reason but if it eventually happens, I am sure there will be another way to use the bitcoin in which we are all going to go for. But its going to be a great setback...
well it would be really bad then because a lot of people would be disappointed and stop using bitcoins at all as it wouldnt make them earn big money 
I will spend all my bitcoins on Purse.io.
Bitcoin is not designed just to convert them into cash but trading bitcoin for things and mostly for online purpose but also for offline in the near future where we can free purchase coffee in the restaurant. What would I do If one day BTC cannot be traded for cash is spending them for digital goods, gift cards etc.
I really dont want to think about that for whatever reason but if it eventually happens, I am sure there will be another way to use the bitcoin in which we are all going to go for. But its going to be a great setback...
Yup, I'm also not sure that it will happen. But if that is the case then I will use the bitcoin for things online and if it cannot be done. Then I would keep all the bitcoin I have and I will capture into your way of life, to give a lesson for my children in the future
I don't think so all of the purse.io will running smoothly like this time the BTC is not have a value in real life and in the digital world also, everyone is giving appreciate for bitcoin because they're can trade for a cash. and every store can accept bitcoin because it's related to a real cash.
Yeah purse.io is great. I do not keep track of how much I have spent with them, but I know I have saved so much money shopping on that site, it is an amazing experience. I literally feel like I am stealing lol. That is definitely where I would go to dump all my bitcoin if there was a sudden stop in bitcoin trading like OP imagined.
I really dont want to think about that for whatever reason but if it eventually happens, I am sure there will be another way to use the bitcoin in which we are all going to go for. But its going to be a great setback...
If they made a law that you could not inhale air, what would you do, hold you breath?
Can you clarify this? If Bitcoin cannot be traded for fiat, it means that it has no value, right? If Bitcoin has no value then how can you spend it on Purse.io? I am a little confused about that.
Anyways, to answer your question, I would probably do what everyone else seems to be doing. Store it and wait for the price to rise again. If it doesn't seem to go up for a long time, I may just switch with by investing to some other Altcoin like Ethereum.
Anyways, to answer your question, I would probably do what everyone else seems to be doing. Store it and wait for the price to rise again. If it doesn't seem to go up for a long time, I may just switch with by investing to some other Altcoin like Ethereum.
Do you think there will be an altcoin left once butcoin fall or doesnt have a price anymore. What will ETC or ETH supporters thinks when that happen. I bet they will all be scared that they may be next in line which will lose its value.
If bitcoin cant be traded for cash then i will exchange it to alt coin, or maybe i am just going to buy stuff with bitcoin, i will buy games and anything that is valuable, if nobody want to accept bitcoin again then, i will dump it because it has become worthless
If BTC was to no longer be traded for cash, chances are i would either exchange it to something else that can be exchanged for cash (e.i. another altcoin or something) or I would go and buy whatever i can with the Bitcoin that I have, and get some good that can be sold at a later date, even if it is for a loss. At that point it would basically just be anything that I could still buy with bitcoin I would buy, and then I would see if the process could be repeated. if i could do that, then I would consider keeping up with he community, but if that process wasn't repeatable, then chances are i would stop and go on to something else.
I understan your attempt but if bitcoin king of crypto doesnt exchange anymore to fiat i do believe all altcoins will be on the same boat, meaning they wont as well, or the price should get too big. I dont expect never bitcoin loose it support with fiat.
it is really simple, i would just buy a lot of steam games in order not to throw away bitcoins i already have
is it possible bitcoin still valuable and can be used as a payment option although bitcoin can not be in exchange for fiat? I can not think when bitcoin in exchange for fiat that means bitcoin already do not have the price a dime and you can not use bitcoin as a payment method
Can you clarify this? If Bitcoin cannot be traded for fiat, it means that it has no value, right? If Bitcoin has no value then how can you spend it on Purse.io? I am a little confused about that.
Anyways, to answer your question, I would probably do what everyone else seems to be doing. Store it and wait for the price to rise again. If it doesn't seem to go up for a long time, I may just switch with by investing to some other Altcoin like Ethereum.
Anyways, to answer your question, I would probably do what everyone else seems to be doing. Store it and wait for the price to rise again. If it doesn't seem to go up for a long time, I may just switch with by investing to some other Altcoin like Ethereum.
Depends on the situation: If exchanges went kablooey, and it really wasn't possible to get fiat for bitcoin, and it somehow wasn't possible to do deals on the currency exchange section here, I would say we're in trouble.
What I'd probably try to do is buy some precious metals on Provident or one of the other places. Again, the situation would have to be pretty dire, and I doubt merchants would be taking bitcoin if they couldn't get fiat. I think we'd all be fucked.
What I'd probably try to do is buy some precious metals on Provident or one of the other places. Again, the situation would have to be pretty dire, and I doubt merchants would be taking bitcoin if they couldn't get fiat. I think we'd all be fucked.
If BTC was to no longer be traded for cash, chances are i would either exchange it to something else that can be exchanged for cash (e.i. another altcoin or something) or I would go and buy whatever i can with the Bitcoin that I have, and get some good that can be sold at a later date, even if it is for a loss. At that point it would basically just be anything that I could still buy with bitcoin I would buy, and then I would see if the process could be repeated. if i could do that, then I would consider keeping up with he community, but if that process wasn't repeatable, then chances are i would stop and go on to something else.
if BTC cannot be traded for cash for sure some people maybe already not hold bitcoin anymore because rumor will spread first and we all know people always trust rumor so they will sell their coins first before the time has come
I think when bitcoin can not exchange back into cash. maybe it was the end of his own bitcoin. maybe it will happen in a few more decadesyeah I'm sure bitcoin has late age. but for the time being in the heyday bitcoin. and during that time also I believe bitcoin can be in exchange for fiat?
I will spend all my bitcoins on Purse.io.
i would exchange with other coins and the turn it into cash. if that would be possible bitcoin as the most popular cryptocurrency currently and if that really happening then this is could be end of the cryptocurrency world because all bitcoin and altcoins exchanges will be closed it mean nobody can using bitcoin any longer and i think nothing we can do beside look bitcoin balance in our wallet without traded for cash
Source of your thinking is still deeply rooted in the FIAT establishment. We don't need to convert everything to dollar, euro, peso. In the end our goal is eliminate FIAT from the equation, Bitcoin is all we need. We re aiming for total BTC adoption, don't we?
Bitcoin is certainly more valuable through its additional features than standard FIATs.
The single most important improvement of bitcoin would be using it as a medium of exchange. I've been supporting sales with bitcoin and I myself have bought many goods like online games and hosting services with my bitcoins. However, each time I spend my btc buying something I get the feeling that it would rise and I'll be unable to make profit. Stability, with it deserved price (values same as the dollar's marketcap worldwide), is the position we must somehow enter. So we can use btc as cash.
if this would ever happen. there won't be purse.io then. because if there is no one wants to pay cash for bitcoin then this site won't find any people to buy your good
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