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Author Topic: If one day BTC cannot be traded for cash, what will you do?  (Read 5984 times)
awesome31312
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August 31, 2016, 05:36:48 PM
 #121

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..

Bitcoin will last longer than fiat. The USD for instance, only has a couple years left, I would say about thirty. The federal reserve is a Ponzi scheme and like all Ponzi schemes, it will inevitably collapse.

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August 31, 2016, 06:14:55 PM
 #122

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..

Bitcoin will last longer than fiat. The USD for instance, only has a couple years left, I would say about thirty. The federal reserve is a Ponzi scheme and like all Ponzi schemes, it will inevitably collapse.
you are right, in my opinion the financial system with federal reserve bank is going to fall pretty soon

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August 31, 2016, 10:37:37 PM
 #123

This will never happen as even drugs can't be sold legally but they still get do. The only result would be a fall in prices.
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August 31, 2016, 10:41:45 PM
 #124

There won't be that day until bitcoin will be alive LD So if bitcoin dies, than I think many alt currency will be dead and cryptocurrency world will become a terrible place.

Solution in that situation is to trade with usd/euro or something similar.

PS All that depends on huge players and goverments, I think that because big people are making money with it illegally.

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September 01, 2016, 03:27:35 AM
 #125

If that will happen i can still used it for paying my bills, shop online and many more that is because my bitcoin wallet has a great services even i can exchange it into fiat there are many other method to do in bitcoin. but i think this will never happen bitcoin always need fiat this will use in buying bitcoin or investing in bitcoin.

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September 01, 2016, 04:45:10 AM
 #126

If that will happen i can still used it for paying my bills, shop online and many more that is because my bitcoin wallet has a great services even i can exchange it into fiat there are many other method to do in bitcoin. but i think this will never happen bitcoin always need fiat this will use in buying bitcoin or investing in bitcoin.

If bitcoin would not be traded for cash then you definitely cant use them even on online because those merchants use fiat  money to their goods and they wouldnt allow that someone would buy  with the payment of bitcoin that cant be already  converted to cash. Then its impossible for you to use them.






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September 01, 2016, 05:04:10 AM
 #127

If BTC cannot be traded for cash for only one day then it wont be much problem , but if it is continue to not being traded in long time. then confirmly it is going to lose the confidence from the holders and invested users as most of them are using bitcoins to covert it to their fiat currency as still lot of country dont have bitcoins shops but even if their are shops if the cash trading is stopped then this shops will also surely stop accepting bitcoins.














 

 

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September 01, 2016, 05:14:14 AM
 #128

I will spend all my bitcoins on Purse.io.

 Cheesy  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. 
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September 01, 2016, 05:17:36 AM
 #129

I will spend all my bitcoins on Purse.io.

 Cheesy  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.

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September 01, 2016, 07:31:50 AM
 #130

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.
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September 01, 2016, 07:35:28 AM
 #131

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.....

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.

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September 01, 2016, 09:27:54 AM
 #132

I will spend all my bitcoins on Purse.io.

 Cheesy  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



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September 01, 2016, 10:00:32 AM
 #133

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...
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September 01, 2016, 12:00:03 PM
 #134

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.


 
 
 
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September 01, 2016, 12:02:53 PM
 #135

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

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September 01, 2016, 12:03:39 PM
 #136

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.


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Yutikas_11920
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September 01, 2016, 12:04:01 PM
 #137

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



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September 01, 2016, 01:46:45 PM
 #138

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.
thejaytiesto
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September 01, 2016, 03:11:27 PM
 #139

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.

randy8777
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September 01, 2016, 03:42:07 PM
 #140

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.
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