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Author Topic: If one day BTC cannot be traded for cash, what will you do?  (Read 6020 times)
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August 27, 2016, 07:22:22 PM
 #1

I will spend all my bitcoins on Purse.io.

 Cheesy  Cheesy

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August 28, 2016, 02:38:29 AM
 #2

I will spend all my bitcoins on Purse.io.

 Cheesy  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.....
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August 28, 2016, 03:30:22 AM
 #3

I will spend all my bitcoins on Purse.io.

 Cheesy  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.....

How can you get back your money with altcoin?  As soon as Bitcoin cannot be converted/traded to cash then automatically this altcoin will be in the same scenario as  bitcoin.  Nothing to do but move on, hold bitcoin forget about it and wait till it get to trade with cash again.  Of course participate in campaign  for bitcoin to be traded back to cash.



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August 28, 2016, 03:37:07 AM
 #4

I will spend all my bitcoins on Purse.io.

 Cheesy  Cheesy

As if they'd allow that. If it can't be converted to cash then it's back to zero value. IMO as for me I'd just keep it in a ledger wallet and hope for the best.  Grin

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August 28, 2016, 04:30:24 AM
 #5

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.
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August 28, 2016, 04:56:23 AM
 #6

I will spend all my bitcoins on Purse.io.

 Cheesy  Cheesy

Can you maybe explain a littel about Purse.io? it's seems to be similar to brawker (it's down btw for some time now).

What would I do? probably donate to someone or some charity and simply move on. :p
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August 28, 2016, 04:59:29 AM
 #7

Why can't you just spend it instead?

You can spend btc at thousands of places worldwide.

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August 28, 2016, 04:59:37 AM
 #8

I will spend all my bitcoins on Purse.io.

 Cheesy  Cheesy

Never hear this site, thanks for your ad, it is a good site to by things with bitcoin, it means that we have more useful with bitcoin, that's beneficial to bitcoin ecosystem. We don't need cash, we can buy goods with bitcoin because bitcoin is money/e-cash.
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August 28, 2016, 05:02:24 AM
 #9

I will spend all my bitcoins on Purse.io.

maybe instead of creating another pointless topic with a hypothetical situation that will never come true, start looking around (even online) to find places to spend your bitcoin NOW, instead of waiting forever for the moon landing.

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August 28, 2016, 05:04:22 AM
 #10

I will spend all my bitcoins on Purse.io.

 Cheesy  Cheesy

If you cannot trade it for fiat then you mean that bitcoin has no value? For me I'll just keep it until it has a value. Just a tip, never put all your investment to bitcoin. Just look for other income so that you have alot of options.

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August 28, 2016, 05:15:22 AM
 #11

I will spend all my bitcoins on Purse.io.

 Cheesy  Cheesy

Can you maybe explain a littel about Purse.io? it's seems to be similar to brawker (it's down btw for some time now).
purse.io is a service which allows you to buy products from amazon at  discounted rates using bitcoins. the official thread link is here: https://bitcointalk.org/index.php?topic=307922.0 maybe @op is talking about it. personally, i have heard many times about this site but have never tried to use it.

 
What would I do? probably donate to someone or some charity and simply move on. :p
lol. if bitcoin cannot be converted into fiat then obviously it will have no value in the real world usage, expect buying digital goods directly from online shops which accept btc payments, and donating something which has no value to a charity is just a waste of your time and the charity's time as well.
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August 28, 2016, 05:30:39 AM
 #12

I will spend all my bitcoins on Purse.io.

 Cheesy  Cheesy

As if they'd allow that. If it can't be converted to cash then it's back to zero value. IMO as for me I'd just keep it in a ledger wallet and hope for the best.  Grin
What does it mean what will you do op?
bitcoin can not be traded for cash means bitcoin are wothless right? have a zero value?
means even purse.io will just close the service , so do the whole bitcoin business services ,
means bitcoin already died worth nothing , we just hopeless.

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August 28, 2016, 07:09:26 AM
 #13

well if bitcoin cant be traded for cash maybe i am going to trade bitcoin for goods, or just simply jump to another alt coin that can be change to cash, unless all of the shop already implemented bitcoin payment so i dont need fiat to buy all my need, then i will stick to use bitcoin

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August 28, 2016, 08:53:05 AM
 #14

If ever bitcoin stops being traded for fiat, it will loose its value for sure. Bitcoin will only be viable only if we can exchange it in to a fiat currency and spend that money in to our economy.

If it stops, no other store will accept bitcoin as a payment processor because, they will not be able to use this amount to procure goods and services. Hence it will loose its entire value.

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August 28, 2016, 08:53:51 AM
 #15

I will spend all my bitcoins on Purse.io.

 Cheesy  Cheesy

I will trade my bitcoins for gold or silver. Grin

Purse.io is a good idea as well.

I don`t think that this will happen.



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August 28, 2016, 08:55:56 AM
 #16

I will spend all my bitcoins on Purse.io.

 Cheesy  Cheesy

You are saying that, but purse.io will also face the same problems as us when it comes to not being able to cash out our coins. They don't keep the coins but have everything converted to fiat. Basically, your move won't work.

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August 28, 2016, 08:59:18 AM
 #17

This is hilarious... But anyway, I'll stop my journey if that happens.. Nothing is there  at the end...It's useless to collect it if it has no cash value or cannot be traded to real money, for sure many investors would stop their business from accepting bitcoin too since world will only accept money and not bitcoin anymore if that happens...

In short, we are doomed!!! Just kidding..  Cheesy Grin

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August 28, 2016, 09:00:23 AM
 #18

another strange topic. but funny how nobody interprets this question in the way, that fiat simply does not exist anymore. bitcoin won and everybody just pays for everything in bitcoin. since their is no fiat anymore you can not exchange bitcoin into fiat. i thought somebody would say this, with all the to the moon mentality here.

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August 28, 2016, 10:11:46 AM
 #19

I will spend all my bitcoins on Purse.io.

 Cheesy  Cheesy

Bitcoin is cash!Digital cash!
If you can not trade Bitcoin for fiat cash anymore, to me this means that fiat has failed.
So if somebody wants my Bitcoin, he will have to pay me in goods. For instance I give you 10 BTC and you give me your property.Or I give you 2 BTC and you give me your new car.
You see I'm looking at it from a different perspective.  Wink

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August 28, 2016, 10:20:24 AM
 #20

Then there will be no any problem to us, we can use bitcoin as other currency to buy anything we want, there are a lot of online shops as you mentioned in the OP, where we can find any thing which we will need for our daily use, we can go there and can buy that specific thing.

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.Ecological Community in the Green Planet.
❱❱❱❱❱❱     WHITEPAGE    |    ANN THREAD     ❰❰❰❰❰❰
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