Bitcoin Forum
October 18, 2017, 10:03:13 PM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 6 7 [8] 9 10 11 »  All
  Print  
Author Topic: If one day BTC cannot be traded for cash, what will you do?  (Read 5585 times)
eternalgloom
Legendary
*
Offline Offline

Activity: 1008


Crypto-Games.net: Multiple coins, multiple games


View Profile
September 01, 2016, 03:44:08 PM
 #141

If it was impossible to trade Bitcoins for cash, then I would assume that it would also be impossible to buy most things with Bitcoins.
So what use does Bitcoin have, if that were the case?

 

▇▇▇▇
▇▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇▇
▇▇▇▇▇▇▇▇
▇▇▇▇▇▇
 
1508364193
Hero Member
*
Offline Offline

Posts: 1508364193

View Profile Personal Message (Offline)

Ignore
1508364193
Reply with quote  #2

1508364193
Report to moderator
1508364193
Hero Member
*
Offline Offline

Posts: 1508364193

View Profile Personal Message (Offline)

Ignore
1508364193
Reply with quote  #2

1508364193
Report to moderator
1508364193
Hero Member
*
Offline Offline

Posts: 1508364193

View Profile Personal Message (Offline)

Ignore
1508364193
Reply with quote  #2

1508364193
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1508364193
Hero Member
*
Offline Offline

Posts: 1508364193

View Profile Personal Message (Offline)

Ignore
1508364193
Reply with quote  #2

1508364193
Report to moderator
1508364193
Hero Member
*
Offline Offline

Posts: 1508364193

View Profile Personal Message (Offline)

Ignore
1508364193
Reply with quote  #2

1508364193
Report to moderator
LFC_Bitcoin
Legendary
*
Offline Offline

Activity: 1134


★777Coin.com★ Fun BTC Casino!


View Profile
September 01, 2016, 03:44:34 PM
 #142

Why can't you just spend it instead?

You can spend btc at thousands of places worldwide.

This is what I thought. If there was a time where bitcoin wasn't able to be converted into cash I'd just spend what I have, probably have a great time doing so too.

NewOldUser
Full Member
***
Offline Offline

Activity: 151


View Profile
September 01, 2016, 03:47:35 PM
 #143

I would open an exchange and collect all those fees......they are mine (evil laugh)
Sergiorr101
Full Member
***
Offline Offline

Activity: 142


View Profile
September 01, 2016, 04:53:56 PM
 #144

i would most probably just buy some stuff for the bitcoins i own right now

wxa7115
Hero Member
*****
Offline Offline

Activity: 560



View Profile
September 01, 2016, 05:01:58 PM
 #145

If it was impossible to trade Bitcoins for cash, then I would assume that it would also be impossible to buy most things with Bitcoins.
So what use does Bitcoin have, if that were the case?

While bitcoin is a great invention to me the greatest component of bitcoin is the blockchain, maybe we could put it to good use.

         ▄ 
       ▄██████▄
     ▄██████████▄
   ▄██████████████▄
 ▄██████████████████▄
█████████████████████
█████████████████████
██████████████████████
 ▀██████████████████▀
   ▀██████████████▀
     ▀█████████▀
       ▀██████▀
         ▀ 
FLIP       
  █   
██   
██   
██   
██   
██   
██   
██   
██   
██
██

    █
    ██
    ██
    ██
    ██
    ██
    ██
    ██
    ██
      ██
        █
      ▄▄███████████▄▄
   ▄██  ███████████  ██▄
  ██      ███████  ██  ██
 █████  ███▀▀▀▀▀███  █████
██████▀▀           ▀▀██████
███▀                   ▀███
▄  ▄█         █████████▄▄▄
█████          ▀███████████
█████▄              ███████
 █████▄            ▄███████
  ███████▄▄▄▄▄▄▄▄██████████
   ▀███████████████████████
      ▀▀███████████▀▀  ▀███
|❖  Twitter
❖  Telegram
❖  Github
calkob
Hero Member
*****
Offline Offline

Activity: 686


View Profile
September 01, 2016, 05:21:35 PM
 #146

I will spend my bitcoin directly that day....... Grin
jak3
Hero Member
*****
Offline Offline

Activity: 700


★Nitrogensports.eu★


View Profile
September 01, 2016, 05:32:06 PM
 #147

First tell me op what you will do if everyone in the world closed all the shops can you stay without a shop? Can something can really extint them.i do not think its possible and sso your question is.pointless to me


           █████████████████     ████████
          █████████████████     ████████
         █████████████████     ████████
        █████████████████     ████████
       ████████              ████████
      ████████              ████████
     ████████     ███████  ████████     ████████
    ████████     █████████████████     ████████
   ████████     █████████████████     ████████
  ████████     █████████████████     ████████
 ████████     █████████████████     ████████
████████     ████████  ███████     ████████
            ████████              ████████
           ████████              ████████
          ████████     █████████████████
         ████████     █████████████████
        ████████     █████████████████
       ████████     █████████████████
▄▄
██
██
██
██
██
██
██
██
██
██     
██
██
▬▬ THE LARGEST & MOST TRUSTED ▬▬
      BITCOIN SPORTSBOOK     
   ▄▄
██
██
██
██
██
██
██
██
██
██     
██
██
             ▄▄▄▄▀▀▀▀▄
     ▄▄▄▄▀▀▀▀        ▀▄▄▄▄           
▄▀▀▀▀                 █   ▀▀▀▀▀▀▀▄▄
█                    ▀▄          █
 █   ▀▌     ██▄        █          █               
 ▀▄        ▐████▄       █        █
  █        ███████▄     ▀▄       █
   █      ▐████▄█████████████████████▄
   ▀▄     ███████▀                  ▀██
    █      ▀█████    ▄▄        ▄▄    ██
     █       ▀███   ████      ████   ██
     ▀▄        ██    ▀▀        ▀▀    ██
      █        ██        ▄██▄        ██
       █       ██        ▀██▀        ██
       ▀▄      ██    ▄▄        ▄▄    ██
        █      ██   ████      ████   ██
         █▄▄▄▄▀██    ▀▀        ▀▀    ██
               ██▄                  ▄██
                ▀████████████████████▀




  CASINO  ●  DICE  ●  POKER   
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
   24 hour Customer Support   

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
Mastsetad
Sr. Member
****
Offline Offline

Activity: 448


View Profile
September 01, 2016, 05:55:36 PM
 #148

i would most probably just buy some stuff for the bitcoins i own right now

If bitcoin wont be available to be exchanged to fiat then it would not be usable as well because no shops would accept it as they wont be able to use them further because it is not exchangeable.
BeginnerCoin
Member
**
Offline Offline

Activity: 70


View Profile WWW
September 01, 2016, 06:11:23 PM
 #149

It all depends on whether or not people are willing to offer goods/services for Bitcoin.  If you can't trade for cash it won't matter as longer as people are willing to accept it as exchange.

That being said, it would likely collapse pretty quickly as businesses are in the business of making money   Wink

BeginnerCoin (BGNR):
The Beginner-Friendly, Freely-Distributed Cryptocurrency for Everyone
drwtsn32
Sr. Member
****
Offline Offline

Activity: 476



View Profile
September 02, 2016, 07:51:43 AM
 #150

I will do nothing because I can't do anything.
What options would you have if you can't trade it to cash?
I can't think of a thing because that is where all the options come from.

         ▄ 
       ▄██████▄
     ▄██████████▄
   ▄██████████████▄
 ▄██████████████████▄
█████████████████████
█████████████████████
██████████████████████
 ▀██████████████████▀
   ▀██████████████▀
     ▀█████████▀
       ▀██████▀
         ▀ 
FLIP       
  █   
██   
██   
██   
██   
██   
██   
██   
██   
██
██

    █
    ██
    ██
    ██
    ██
    ██
    ██
    ██
    ██
      ██
        █
      ▄▄███████████▄▄
   ▄██  ███████████  ██▄
  ██      ███████  ██  ██
 █████  ███▀▀▀▀▀███  █████
██████▀▀           ▀▀██████
███▀                   ▀███
▄  ▄█         █████████▄▄▄
█████          ▀███████████
█████▄              ███████
 █████▄            ▄███████
  ███████▄▄▄▄▄▄▄▄██████████
   ▀███████████████████████
      ▀▀███████████▀▀  ▀███
|❖  Twitter
❖  Telegram
❖  [https://github.com/gameflip/tokensale]Github[/url]
Golftech
Hero Member
*****
Offline Offline

Activity: 658



View Profile
September 02, 2016, 07:55:09 AM
 #151

I will do nothing because I can't do anything.
What options would you have if you can't trade it to cash?
I can't think of a thing because that is where all the options come from.
that's right btc is a currency so there's no other way o use it if the value can't be change to fiat i'm not sure why online shop or anything that use btc will value the coin if there's no value anymore.

,,,,
▄██████████████████████████▄
█████████████▀▀█████████████
████████████ ██ ███████████
█████████████▄▄█████████████
█████████████  █████████████
█████████████  █████████████
█████████████  █████████████
█████████████  ████████████
█████████████  ▄▀▄██████████
█████████  ▀▀  █████████████
██████████▄▄▄▄██████████████
████████████████████████████
▀██████████████████████████▀
|
▬▬▬▬▬▬▬▬▬▬   Whitepaper   Twitter   Slack   Bitcointalk   ▬▬▬▬▬▬▬▬▬▬
..PUTTING TRADITIONAL FINANCIAL ASSETS ON-CHAIN..
▬▬▬▬▬▬▬▬▬▬    Telegram   Medium   Reddit   Youtube    ▬▬▬▬▬▬▬▬▬▬
  ▄▄██████▄▄
 ████▀  ▀████

█████  ▀█████
██████▄  ▀███   ▄██
▀███▀  ▀ ▄███▀  ████
 ▀████▄▄████▀ ▄██████▄
 ▄▄ ▀▀▀▀▀▀ ▄▄█████  ██▄▄
 ████████████████████████
 ████████████████████████
  ████████████████████

   ▀████████████████▀
     ██
████████████
      ████▀▀▀▀████
|
x|8y8|x
Member
**
Offline Offline

Activity: 119


View Profile
September 02, 2016, 08:06:10 AM
 #152

i think it is already not accepting for cash, so we are holding it for price increase or invest it some where else for good profit. there are so many other people who are also using bitcoin for investment.
drwtsn32
Sr. Member
****
Offline Offline

Activity: 476



View Profile
September 02, 2016, 09:53:38 AM
 #153

i think it is already not accepting for cash, so we are holding it for price increase or invest it some where else for good profit. there are so many other people who are also using bitcoin for investment.

Alright we are holding it for price increase and alright we are using it for investment but after that, what?
Of course you will need to convert it to cash to buy something in cash that bitcoin can't buy.

         ▄ 
       ▄██████▄
     ▄██████████▄
   ▄██████████████▄
 ▄██████████████████▄
█████████████████████
█████████████████████
██████████████████████
 ▀██████████████████▀
   ▀██████████████▀
     ▀█████████▀
       ▀██████▀
         ▀ 
FLIP       
  █   
██   
██   
██   
██   
██   
██   
██   
██   
██
██

    █
    ██
    ██
    ██
    ██
    ██
    ██
    ██
    ██
      ██
        █
      ▄▄███████████▄▄
   ▄██  ███████████  ██▄
  ██      ███████  ██  ██
 █████  ███▀▀▀▀▀███  █████
██████▀▀           ▀▀██████
███▀                   ▀███
▄  ▄█         █████████▄▄▄
█████          ▀███████████
█████▄              ███████
 █████▄            ▄███████
  ███████▄▄▄▄▄▄▄▄██████████
   ▀███████████████████████
      ▀▀███████████▀▀  ▀███
|❖  Twitter
❖  Telegram
❖  [https://github.com/gameflip/tokensale]Github[/url]
btvGainer
Hero Member
*****
Offline Offline

Activity: 798


View Profile WWW
September 02, 2016, 10:33:41 AM
 #154

I will spend all my bitcoins on Purse.io.

 Cheesy  Cheesy
Yes I will buy anything that I can with bitcoin and start selling it.I can also trade it for Altcoins which can be converted to fiat

betohell
Sr. Member
****
Offline Offline

Activity: 476



View Profile
September 02, 2016, 10:36:34 AM
 #155

If it was impossible to trade Bitcoins for cash, then I would assume that it would also be impossible to buy most things with Bitcoins.
So what use does Bitcoin have, if that were the case?
yeah i thought it was the end of bitcoin? if bitcoin not be in exchange for fiat or cash? then what is the use bitcoin?
I think bitcoin would not have if the price can not be in exchange for fiat

luxuryvilla
Full Member
***
Offline Offline

Activity: 131


View Profile
September 02, 2016, 10:40:05 AM
 #156

There are online merchant sites like overstock, wordpress, you can buy things and service in such sites. Or you can buy dangerous thing like weapon or drug on dark market. Using bitcoin is more secure.

groll
Sr. Member
****
Offline Offline

Activity: 336


View Profile
September 02, 2016, 01:25:33 PM
 #157

I will do nothing because I can't do anything.
What options would you have if you can't trade it to cash?
I can't think of a thing because that is where all the options come from.

That would become the most horrible day of everyone who have bitcoins.  I would probably cannot talk on that day if I have bitcoins since we are already thinking thr money that we have lost.  But of course it would not happen as many people would not let it to happen.
Gaswuwade
Member
**
Offline Offline

Activity: 100


View Profile
September 02, 2016, 02:00:35 PM
 #158

How would that happen? by the current direction and nature of the market I doubt that would happen anytime soon and *if* that happened, I doubt purse.io would be accepting bitcoins as well Tongue, nobody likes holding the bag anyway.
Achargeturry78
Sr. Member
****
Offline Offline

Activity: 448


View Profile
September 02, 2016, 02:55:11 PM
 #159

Well if that the case and if it really happens someday i think before that happen it will be on news or what so ever that theres a warning that bitcoin cannot be traded in cash soon then before that happens i will exchange my bitcoin into cash as soon as possible so that i can use it in last time or i am going to buy it all in some online store
dinda22
Legendary
*
Offline Offline

Activity: 1106



View Profile
September 02, 2016, 02:58:59 PM
 #160

do not do anything, because when it happened I thought nothing could be done other than bitcoin will become dust.

For example, when I save some bitcoin on the exchanger and wallet, then bitcoin cannot be traded for cash. whether bitcoin would be useful? I think it is not useful when it could not be money.

Pages: « 1 2 3 4 5 6 7 [8] 9 10 11 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!