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Title: How do you guys monitize your BTC earnings? Post by: nexus99 on November 24, 2013, 04:04:41 AM I am curious how you guys all are converting your BTC to your local currency?
At some point I am going to want to start converting BTC to fiat and I am not sure of the best way to do that. Thanks in advance for any guidance. Title: Re: How do you guys monitize your BTC earnings? Post by: beetcoin on November 24, 2013, 04:12:37 AM if you don't want to go through the hassle of a traditional exchange, you could buy gift cards for something you would have otherwise bought with fiat, such as for amazon. you get 3% cashback, which is a great deal imo.
or you could sell via localbitcoins, person-to-person. Title: Re: How do you guys monitize your BTC earnings? Post by: jojo69 on November 24, 2013, 04:14:16 AM ummmm, bitcoin is money
so they are monetized by definition Title: Re: How do you guys monitize your BTC earnings? Post by: lyth0s on November 24, 2013, 04:15:22 AM Amazon gives cash back on gift cards?
Title: Re: How do you guys monitize your BTC earnings? Post by: nexus99 on November 24, 2013, 04:23:39 AM ummmm, bitcoin is money so they are monetized by definition For Jojo... how do you convert BTC to local fiat? Title: Re: How do you guys monitize your BTC earnings? Post by: jojo69 on November 24, 2013, 04:25:31 AM localbitcoins.com (https://localbitcoins.com/)
Title: Re: How do you guys monitize your BTC earnings? Post by: markjamrobin on November 24, 2013, 04:27:17 AM if you don't want to go through the hassle of a traditional exchange, you could buy gift cards for something you would have otherwise bought with fiat, such as for amazon. you get 3% cashback, which is a great deal imo. or you could sell via localbitcoins, person-to-person. You can buy Amazon cards w/ Bitcoin? And 3% discount? Title: Re: How do you guys monitize your BTC earnings? Post by: xerxesdarius on November 24, 2013, 05:15:13 AM Amazon gives cash back on gift cards? gyft.com just announced a 3% rebate on bitcoin transactions. Title: Re: How do you guys monitize your BTC earnings? Post by: goxed on November 24, 2013, 05:33:12 AM Wait one year, most stuff you need including real-estate will be priced in BTC IMO ofcourse :D
Title: Re: How do you guys monitize your BTC earnings? Post by: beetcoin on November 24, 2013, 06:46:31 AM if you don't want to go through the hassle of a traditional exchange, you could buy gift cards for something you would have otherwise bought with fiat, such as for amazon. you get 3% cashback, which is a great deal imo. or you could sell via localbitcoins, person-to-person. You can buy Amazon cards w/ Bitcoin? And 3% discount? gyft.com provides this... i was thinking about using it. here is a list of retailers that they provide. big ones too, such as CVS/gamestop/nikeamazon/target Title: Re: How do you guys monitize your BTC earnings? Post by: Sindelar1938 on November 24, 2013, 06:56:21 AM Don't monetize, they are gonna rise more
That's assuming you have access to regular cash flows in fiat Title: Re: How do you guys monitize your BTC earnings? Post by: Martijnvdc on November 24, 2013, 09:14:25 AM I don't sell my BTC, simply because i assume more people want BTC than to get rid of it. In other words: the price will rise.
So selling now would not be a good idea. |