Cuhua-hua
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August 30, 2016, 01:12:02 PM |
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I really dont want to think about that for whatever reason but if it eventually happens, I am sure there will be another way to use the bitcoin in which we are all going to go for. But its going to be a great setback...
Yup, I'm also not sure that it will happen. But if that is the case then I will use the bitcoin for things online and if it cannot be done. Then I would keep all the bitcoin I have and I will capture into your way of life, to give a lesson for my children in the future |
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n691309
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Activity: 1526
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August 30, 2016, 01:22:18 PM |
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I will spend all my bitcoins on Purse.io.  Bitcoin is not designed just to convert them into cash but trading bitcoin for things and mostly for online purpose but also for offline in the near future where we can free purchase coffee in the restaurant. What would I do If one day BTC cannot be traded for cash is spending them for digital goods, gift cards etc. |
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dragunfly
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Activity: 162
Merit: 100
Crypto is love, crypto is life
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August 30, 2016, 03:50:49 PM |
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I really dont want to think about that for whatever reason but if it eventually happens, I am sure there will be another way to use the bitcoin in which we are all going to go for. But its going to be a great setback...
well it would be really bad then because a lot of people would be disappointed and stop using bitcoins at all as it wouldnt make them earn big money |
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MingLee
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August 30, 2016, 04:02:33 PM |
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I really dont want to think about that for whatever reason but if it eventually happens, I am sure there will be another way to use the bitcoin in which we are all going to go for. But its going to be a great setback...
well it would be really bad then because a lot of people would be disappointed and stop using bitcoins at all as it wouldnt make them earn big money Well a lot of people would have to stop because it wouldn't have any value to them anymore, and a lot of the traders would have to go and find a way to recoup their losses if they weren't able to bring their funds out of Bitcoin before people stopped trading. Maybe some face-to-face traders would exist afterwards, but chances are everyone would be trading at a considerably lower value. |
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co5hike
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August 30, 2016, 04:15:18 PM |
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I am sure it won't happen ever, if it govt will ban trading bitcoins for cash and other ways to exchange BTC will found like exchange to ecurrencies and then cashout.
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severaldetails
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August 30, 2016, 04:16:38 PM |
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I have never bought or sold bitcoin for cash, so this would not affect me.
And I think most of the bitcoin users have not done that as well.
Buying bitcoin usually happens by bank account,l paypal or whatever.
Besides, how should it work that bitcoin could not be sold/bought by cash?
I see no technically possible way to mak that happen (except prohibiting cash in general).
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krishna1
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August 30, 2016, 04:31:47 PM |
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Firstly lets think why bitcoin can not be traded for cash i mean on what cases one can be that no trader accepts it anymore but still it will have its orignal value
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lavapits
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August 30, 2016, 04:36:06 PM |
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I really dont want to think about that for whatever reason but if it eventually happens, I am sure there will be another way to use the bitcoin in which we are all going to go for. But its going to be a great setback...
yeah i dont want to even thing about it too, i hope that i will always be able to trade it for cash |
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btcdevil
Legendary
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Activity: 1302
Merit: 1027
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August 30, 2016, 04:39:36 PM |
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I really dont want to think about that for whatever reason but if it eventually happens, I am sure there will be another way to use the bitcoin in which we are all going to go for. But its going to be a great setback...
well it would be really bad then because a lot of people would be disappointed and stop using bitcoins at all as it wouldnt make them earn big money Well a lot of people would have to stop because it wouldn't have any value to them anymore, and a lot of the traders would have to go and find a way to recoup their losses if they weren't able to bring their funds out of Bitcoin before people stopped trading. Maybe some face-to-face traders would exist afterwards, but chances are everyone would be trading at a considerably lower value. Definitely as in most of the country still bitcoin is not usable so they are just converting to the fiat currency and enjoying the bitcoin, but if that process is stopped then obviously it means bitcoin is dead. |
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blackcod
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August 31, 2016, 02:19:04 AM |
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Wouldn't effect me at all. I hate fiat.
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ausbit
Legendary
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Activity: 1330
Merit: 1019
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August 31, 2016, 05:50:24 AM |
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I will spend all my bitcoins on Purse.io. 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. Correct, its an impossible thing since you cant convert it yo cash in any way because alts are dependent to bitcoin which serves as the roots. If bitcoin would lose its value and cant be converted anymore then all of its pairs altcoin would die also for sure. As he said just move on and leave those coins and hope for it comeback anytime soon.  If bitcoin no longer is able to be traded then the altcoins would follow the same. Altcoins are really just a replica versions of bitcoin, that is why their price is inconsistent and always dependent to bitcoin prices. I will try to use bitcoin directly if I am unable to convert it into fiat. |
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fravia
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August 31, 2016, 02:43:07 PM |
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I really dont want to think about that for whatever reason but if it eventually happens, I am sure there will be another way to use the bitcoin in which we are all going to go for. But its going to be a great setback...
that would be bad for me too, i think that a lot of people wouldnt use it then and i wouldnt be able to make money with it |
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johnnyyash
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August 31, 2016, 02:55:42 PM |
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Why can't you just spend it instead?
You can spend btc at thousands of places worldwide.
I secondly agree with you...btc can be spend world around... |
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lixer
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August 31, 2016, 03:07:00 PM |
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I will spend all my bitcoins on Purse.io. Bitcoin is not designed just to convert them into cash but trading bitcoin for things and mostly for online purpose but also for offline in the near future where we can free purchase coffee in the restaurant. What would I do If one day BTC cannot be traded for cash is spending them for digital goods, gift cards etc. Bitcoin is a currency itself already so there would not be that much of a problem when bitcoin can not be cashed out anymore, although it may affect it's value, since we look at bitcoin's value in cash as basis. |
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wxa7115
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August 31, 2016, 03:21:29 PM |
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That could mean two things:
1.That cash no longer exist which means that governments around the world were successful on the war against cash.
2.That fiat has finally collapsed and bitcoin has won the currency war.
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Mastsetad
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August 31, 2016, 03:47:24 PM |
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I will spend all my bitcoins on Purse.io. If it cannot be changed to cash then what purse.io will do with the bitcoins you shop from there? If it is not possible to convert them to cash then probably no shop would be accepting it as it would be useless, so spending them the way you mentioned is quite senseless i guess. |
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danherbias07
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August 31, 2016, 03:58:20 PM |
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I will spend all my bitcoins on Purse.io. If it cannot be changed to cash then what purse.io will do with the bitcoins you shop from there? If it is not possible to convert them to cash then probably no shop would be accepting it as it would be useless, so spending them the way you mentioned is quite senseless i guess. Yes you are right. That pay through bitcoin button will be gone there once they see there would be nothing to profit in it. Just an idiot would be willing to still receive it without getting anything out of it. How can he buy new stocks to sell if he cant make it a money. |
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CROSS.
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August 31, 2016, 05:00:45 PM |
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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..
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awesome31312
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August 31, 2016, 05:36:48 PM |
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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. |
Account recovered 08-12-2019
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Lombard
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★Nitrogensports.eu★
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August 31, 2016, 06:14:55 PM |
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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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