nexus99 (OP)
Legendary
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Activity: 910
Merit: 1000
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November 24, 2013, 04:04:41 AM |
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I am curious how you guys all are converting your BTC to your local currency?
At some point I am going to want to start converting BTC to fiat and I am not sure of the best way to do that.
Thanks in advance for any guidance.
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beetcoin
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November 24, 2013, 04:12:37 AM |
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if you don't want to go through the hassle of a traditional exchange, you could buy gift cards for something you would have otherwise bought with fiat, such as for amazon. you get 3% cashback, which is a great deal imo.
or you could sell via localbitcoins, person-to-person.
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jojo69
Legendary
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Activity: 3178
Merit: 4371
diamond-handed zealot
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November 24, 2013, 04:14:16 AM |
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ummmm, bitcoin is money
so they are monetized by definition
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This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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lyth0s
Legendary
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Activity: 1260
Merit: 1000
World Class Cryptonaire
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November 24, 2013, 04:15:22 AM |
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Amazon gives cash back on gift cards?
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nexus99 (OP)
Legendary
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Activity: 910
Merit: 1000
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November 24, 2013, 04:23:39 AM |
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ummmm, bitcoin is money
so they are monetized by definition
For Jojo... how do you convert BTC to local fiat? |
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jojo69
Legendary
Offline
Activity: 3178
Merit: 4371
diamond-handed zealot
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November 24, 2013, 04:25:31 AM |
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This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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markjamrobin
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November 24, 2013, 04:27:17 AM |
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if you don't want to go through the hassle of a traditional exchange, you could buy gift cards for something you would have otherwise bought with fiat, such as for amazon. you get 3% cashback, which is a great deal imo.
or you could sell via localbitcoins, person-to-person.
You can buy Amazon cards w/ Bitcoin? And 3% discount? |
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xerxesdarius
Newbie
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Activity: 8
Merit: 0
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November 24, 2013, 05:15:13 AM |
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Amazon gives cash back on gift cards?
gyft.com just announced a 3% rebate on bitcoin transactions. |
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goxed
Legendary
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Activity: 1946
Merit: 1006
Bitcoin / Crypto mining Hardware.
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November 24, 2013, 05:33:12 AM |
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Wait one year, most stuff you need including real-estate will be priced in BTC IMO ofcourse  |
Revewing Bitcoin / Crypto mining Hardware.
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beetcoin
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November 24, 2013, 06:46:31 AM |
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if you don't want to go through the hassle of a traditional exchange, you could buy gift cards for something you would have otherwise bought with fiat, such as for amazon. you get 3% cashback, which is a great deal imo.
or you could sell via localbitcoins, person-to-person.
You can buy Amazon cards w/ Bitcoin? And 3% discount? gyft.com provides this... i was thinking about using it. here is a list of retailers that they provide. big ones too, such as CVS/gamestop/nikeamazon/target |
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Sindelar1938
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November 24, 2013, 06:56:21 AM |
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Don't monetize, they are gonna rise more
That's assuming you have access to regular cash flows in fiat
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Martijnvdc
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November 24, 2013, 09:14:25 AM |
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I don't sell my BTC, simply because i assume more people want BTC than to get rid of it. In other words: the price will rise.
So selling now would not be a good idea.
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