nexus99 (OP)
Legendary
 Offline
Activity: 910
Merit: 1000
|
 |
November 24, 2013, 04:04:41 AM |
|
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.
|
|
|
|
|
|
|
|
|
|
Be very wary of relying on JavaScript for security on crypto sites. The site can change the JavaScript at any time unless you take unusual precautions, and browsers are not generally known for their airtight security.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
beetcoin
|
|
November 24, 2013, 04:12:37 AM |
|
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.
|
|
|
|
|
jojo69
Legendary
Offline
Activity: 3164
Merit: 4345
diamond-handed zealot
|
|
November 24, 2013, 04:14:16 AM |
|
ummmm, bitcoin is money
so they are monetized by definition
|
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.
|
|
|
lyth0s
Legendary
Offline
Activity: 1260
Merit: 1000
World Class Cryptonaire
|
|
November 24, 2013, 04:15:22 AM |
|
Amazon gives cash back on gift cards?
|
|
|
|
nexus99 (OP)
Legendary
Offline
Activity: 910
Merit: 1000
|
|
November 24, 2013, 04:23:39 AM |
|
ummmm, bitcoin is money
so they are monetized by definition
For Jojo... how do you convert BTC to local fiat? |
|
|
|
|
jojo69
Legendary
Offline
Activity: 3164
Merit: 4345
diamond-handed zealot
|
|
November 24, 2013, 04:25:31 AM |
|
|
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.
|
|
|
|
markjamrobin
|
|
November 24, 2013, 04:27:17 AM |
|
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? |
|
|
|
xerxesdarius
Newbie
Offline
Activity: 8
Merit: 0
|
|
November 24, 2013, 05:15:13 AM |
|
Amazon gives cash back on gift cards?
gyft.com just announced a 3% rebate on bitcoin transactions. |
|
|
|
|
goxed
Legendary
Offline
Activity: 1946
Merit: 1006
Bitcoin / Crypto mining Hardware.
|
|
November 24, 2013, 05:33:12 AM |
|
Wait one year, most stuff you need including real-estate will be priced in BTC IMO ofcourse  |
Revewing Bitcoin / Crypto mining Hardware.
|
|
|
|
beetcoin
|
|
November 24, 2013, 06:46:31 AM |
|
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 |
|
|
|
|
|
Sindelar1938
|
|
November 24, 2013, 06:56:21 AM |
|
Don't monetize, they are gonna rise more
That's assuming you have access to regular cash flows in fiat
|
|
|
|
|
Martijnvdc
|
|
November 24, 2013, 09:14:25 AM |
|
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.
|
|
|
|
|
|
