If one day BTC cannot be traded for cash, what will you do? - page 9.

crairezx20

legendary

Activity: 1638

Merit: 1046

Quote from: bravehearth0319 on August 28, 2016, 01:16:41 PM

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

I will spend all my bitcoins on Purse.io.

Cheesy

If only Bitcon cannot be traded into cash, while the other altcoin is still exist. I will proceed in the different exchange platform to buy some of the altoin where I can trade it and encash it into a real money. In this way only I can encash what I invested into bitcoin.

Yeah this is one of the good idea like ethereum that you can sell them for cash.. but i think it will not happen for bitcoin because bitcoin is already use buy many sites right now and also many company are using it so its impossible that you can not exchange bitcoin in cash..

bravehearth0319

hero member

Activity: 1022

Merit: 500

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

I will spend all my bitcoins on Purse.io.

Cheesy

If only Bitcon cannot be traded into cash, while the other altcoin is still exist. I will proceed in the different exchange platform to buy some of the altoin where I can trade it and encash it into a real money. In this way only I can encash what I invested into bitcoin.

Viyamore

hero member

Activity: 658

Merit: 500

If that will happen incase i will stop bitcoins and wait until it gets back to be traded but if not there's nothing to do with it ,what will be the purpose of BTC if cannot be traded right?so the best thing to do is to stop and not waste time.

buyinbtc

legendary

Activity: 1008

Merit: 1010

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Quote from: Anon_7716 on August 28, 2016, 05:25:24 AM

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 would also most probably just use it for shopping because in my opinion thats the best you can do then, though it will never happen

crairezx20

legendary

Activity: 1638

Merit: 1046

If bitcoin can not be traded into cash you will not use it or spend it but you can be still holding it for a long time and wait again that bitcoin will be accept to trade again in fiat or cash.. but i think it will not happen because bitcoin have a good future..

manselr

legendary

Activity: 868

Merit: 1006

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 think OP means that what will happen once physical cash is banned so everything is digital... because when that happens, it will be impossible to convert to cash since cash will not exist.

bestluck

hero member

Activity: 658

Merit: 500

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

I will spend all my bitcoins on Purse.io.

Cheesy

Youhave already answered the question, everyone will start to buy from online shoping sites, but still there are a lot of people who are using bitcoin and do not know that about to shop online and only know that bitcoin can be exchanged and can be used for gambling, ( as everywhere on this forum everyone has banner for that sites no one have a banner for a shopping site) they will think to go away from there, which will be sad.

deadsilent

hero member

Activity: 1148

Merit: 500

Since bitcoin cannot be convert into cash, i will spend online bazzare which accepting bitcoin as a payment. I think my hardwork will pay off somehow. I dont know what can i do for bitcoin without that function. I think it will be senseless of having bitcoin if that happens.

Kprawn

legendary

Activity: 1904

Merit: 1074

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!

sbtctalk

sr. member

Activity: 266

Merit: 250

Quote from: Daniel91 on August 28, 2016, 07:07:10 AM

Well, many investment opportunities out there, like Forex and HYIP accepts Bitcoins.
Also, many online merchants accepts bitcoins as well.
There are many other opportunities to spend BTC online as casinos, games etc.
So, I really don't worry about it.

A member here once shared the methology to game the HYIP system. I saw it when I first joined the forums. Don't know if I can still find that discussion. Basically it is about getting the maximum gain using the minimum allowable time to make this gain. But its high risk, high reward.

randy8777

legendary

Activity: 896

Merit: 1000

it depends whether it is only in my country, or globally. if the first, then i can do it from germany or belgium since i have enough family members there. if it's globally, then i'll do it peer to peer. very simple.

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: Daniel91 on August 28, 2016, 07:07:10 AM

Well, many investment opportunities out there, like Forex and HYIP accepts Bitcoins.

it is sad to see a Hero Member call HYIPs as an investment opportunity for bitcoin!

Quote from: Doamader on August 28, 2016, 07:23:20 AM

What do you think those companies do with the bitcoin they get? Do you think they store them? Sure a part of those should be stored, since now you can pay almost all services online with bitcoin, host, domain ,security, but remove fiat exchange and you will see the bitcoin market services disappear instant. Bitcoin has value in fiat, and several companies, merchants just work with bitcoin because then can exchange it to fiat, taking their profit, dont be blind bitcoin needs more fiat then the reverse.

it doesn't matter what those merchants do with their bitcoin as long as they accept bitcoin, it gives bitcoin real value and it helps with the adoption which is important more than anything else.

Doamader

hero member

Activity: 756

Merit: 501

Quote from: Daniel91 on August 28, 2016, 07:07:10 AM

Well, many investment opportunities out there, like Forex and HYIP accepts Bitcoins.
Also, many online merchants accepts bitcoins as well.
There are many other opportunities to spend BTC online as casinos, games etc.
So, I really don't worry about it.

What do you think those companies do with the bitcoin they get? Do you think they store them? Sure a part of those should be stored, since now you can pay almost all services online with bitcoin, host, domain ,security, but remove fiat exchange and you will see the bitcoin market services disappear instant. Bitcoin has value in fiat, and several companies, merchants just work with bitcoin because then can exchange it to fiat, taking their profit, dont be blind bitcoin needs more fiat then the reverse.

MTBTT

hero member

Activity: 504

Merit: 500

Quote from: mobnepal on August 28, 2016, 05:24:44 AM

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 think bitcoin will always worthwhile, and while the bitcoin bitcoin has a price can be exchanged for a fiat currency or cash. so if bitcoin is still alive I'm sure you can still do it

diegz

hero member

Activity: 798

Merit: 500

★YoBit.Net★ 350+ Coins Exchange & Dice

Nothing... If it cannot be traded to cash, it will be useless.. But I might still keep it since I earn it... But if someone is interested to buy it I will sell it to them and I'll just stop collecting since I can't use it anymore... But if it cannot be traded to cash and I could still use it to purchase, I think I will continue... as long as it has a "value"...

Daniel91

legendary

Activity: 3374

Merit: 1824

Well, many investment opportunities out there, like Forex and HYIP accepts Bitcoins.
Also, many online merchants accepts bitcoins as well.
There are many other opportunities to spend BTC online as casinos, games etc.
So, I really don't worry about it.

Doamader

hero member

Activity: 756

Merit: 501

The big issue is if bitcoin cant be traded against fiat, most merchants as companies will remove it almost instant, even if we moove into another altcoin, maybe market can moove to another altcoin, but imagine that all crypto no longer has those feature to be exchanged into fiat again, all altcoins will die, markets and transactions would be over as miners turning off their hash.

ABCbits

legendary

Activity: 2870

Merit: 7490

Crypto Swap Exchange

No problem as long as merchant/service don't stop accept bitcoin as well. I still can buy voucher/gift card and spend my bitcoin on video games at steam.
Maybe it will happen because fiat no longer exist and everyone use bitcoin Roll Eyes

danishcookie

full member

Activity: 127

Merit: 100

I will buy good from newegg or dark market. Grin

23dzmaz

sr. member

Activity: 420

Merit: 250

If one day bitcoin cannot be traded for cash, i will stop using bitcoin. Because the only reason i use bitcoin because i can exchange the bitcoin into cash and i have job with bitcoin too.

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