I recently just won about 10k usd on blackjack off $300
, one way(their preferred way) to cashout is bitcoin. I downloaded bitcoin armory, figuring out how it works as we speak,seems like and advance wallet.... pretty sure I need to download a bit coin core.
Anywho, my question is would be worthy to cash out the money through bitcoin, or try to do the old fashion way(a check). I know bitcoin rates fluctuate and I could potentially lose my winnings if the exchange rates drop. However, I made an account on itBit and once my accounts verified i'll most likely just exchange to cash. The problem is the verification can take 2 weeks.
Thanks for the help in advance, any advice is welcomed and appreciated.
Congratulations on a nice winnings,almost 2
BTC win is something that does not happen every day.
As for your concerns what and how to cash out your money,I would recommend to you that you cash part of money in cash/fiat and and to leave something in
BTC.In this way you will definitely profit short term,and very possible long-term if
BTC price go up.Of course it's your decision and your money,
BTC is always risk investment but for now looks very promising for the future.