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Old 02-21-2021, 9:26am   #21
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In like 20 words or less . . .

How can one who obtained bitcoin ( by any means ~ ) turn this into real US Currency ?

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Old 02-21-2021, 9:56am   #22
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In like 20 words or less . . .

How can one who obtained bitcoin ( by any means ~ ) turn this into real US Currency ?

Asking for a Friend of a Friend who may know somebody
Through a bank like Coinbase. Think, Paypal for Bitcoin.

https://www.coinbase.com/
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Old 02-21-2021, 10:12am   #23
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In like 20 words or less . . .

How can one who obtained bitcoin ( by any means ~ ) turn this into real US Currency ?

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Or transfer it to someone in exchange for cash
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Old 02-21-2021, 11:01am   #24
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Why not just use cash from the get-go?

Seems like a bunch of effort with zero monetary improvements and if the price drops like it has in the past, a huge portion of purchasing power could be lost? Or gained, based on chance.

Internet gambling isn’t an “investment”.
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Old 02-21-2021, 11:04am   #25
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Why not just use cash from the get-go?

Seems like a bunch of effort with zero monetary improvements and if the price drops like it has in the past, a huge portion of purchasing power could be lost? Or gained, based on chance.

Internet gambling isn’t an “investment”.
Drops.....or Gains??

How do you protect yourself from the government from doing that to the US dollar now?
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Old 02-21-2021, 11:07am   #26
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Old 02-21-2021, 11:17am   #27
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Drops.....or Gains??

How do you protect yourself from the government from doing that to the US dollar now?
You have to believe a bunch of stuff that I find impossible to believe, to think Bitcoin is going to protect you from government.

If your goal is inflation protection, why speculate with Bitcoin when commodities with thousands of years of proven performance are available?
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Old 02-21-2021, 11:50am   #28
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Old 02-21-2021, 1:44pm   #29
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You have to believe a bunch of stuff that I find impossible to believe, to think Bitcoin is going to protect you from government.

If your goal is inflation protection, why speculate with Bitcoin when commodities with thousands of years of proven performance are available?
In one word.
Diversification.

That being said, Bitcoin has been making new highs over and over again for the past 24 hours.
Next stop..... $58k baby !!!
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Old 02-21-2021, 1:53pm   #30
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You have to believe a bunch of stuff that I find impossible to believe, to think Bitcoin is going to protect you from government.



If your goal is inflation protection, why speculate with Bitcoin when commodities with thousands of years of proven performance are available?


I am not looking for government protection. They are the last people I would trust with my money.

That being said, I have made a LOT of money in the past month off crypto.

Like I have said in the past, investing in new technology and new ideas is not for the faint of heart.

Plus, any companies you may be invested in currently will soon be holding crypto. Therefore, you will be holding it in one way or another very soon.
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Old 02-21-2021, 1:57pm   #31
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I am not looking for government protection. They are the last people I would trust with my money.

That being said, I have made a LOT of money in the past month off crypto.

Like I have said in the past, investing in new technology and new ideas is not for the faint of heart.

Plus, any companies you may be invested in currently will soon be holding crypto. Therefore, you will be holding it in one way or another very soon.
$58k Baby !!!
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Old 02-21-2021, 2:33pm   #32
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$58k Baby !!!


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Old 02-21-2021, 2:42pm   #33
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Originally Posted by Dixievet View Post
I am not looking for government protection. They are the last people I would trust with my money.

That being said, I have made a LOT of money in the past month off crypto.

Like I have said in the past, investing in new technology and new ideas is not for the faint of heart.

Plus, any companies you may be invested in currently will soon be holding crypto. Therefore, you will be holding it in one way or another very soon.
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Old 02-21-2021, 3:17pm   #34
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Originally Posted by Dixievet View Post
I am not looking for government protection. They are the last people I would trust with my money.

That being said, I have made a LOT of money in the past month off crypto.

Like I have said in the past, investing in new technology and new ideas is not for the faint of heart.

Plus, any companies you may be invested in currently will soon be holding crypto. Therefore, you will be holding it in one way or another very soon.
How do you "sell" it and who the **** would buy it? Serious question
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Old 02-21-2021, 3:40pm   #35
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How do you "sell" it and who the **** would buy it? Serious question


There are many levels of investing in crypto.

I guess it all depends on how you want to invest. I hold several stocks that are based on Bitcoin and other crypto currencies and I own actual coin.

For the average person, investing in something like MSTR, BITW, GBTC are the simplest methods.
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Old 02-21-2021, 7:07pm   #36
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How do you "sell" it and who the **** would buy it? Serious question
Many merchants accept payment in Bitcoin.

https://99bitcoins.com/bitcoin/who-accepts/
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Old 02-21-2021, 7:47pm   #37
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I'm out of MSTR. Didn't sell the top but did sell above $1,000. Ripped WAY ahead of Bitcoin, and the price reflects paying a HUGE premium for bitcoin since the underlying business is worthless dog-shit.

Just using GBTC now.
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Old 02-21-2021, 7:50pm   #38
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Many merchants accept payment in Bitcoin.

https://99bitcoins.com/bitcoin/who-accepts/
But nobody is spending it.

So much nonsense. I get the making money part, although neither dollars nor Bitcoin is actually money. One is a currency and the other is a scam. Of course gains are gains, at least nominally. No such thing as a free lunch.
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Old 02-21-2021, 7:58pm   #39
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the US govt has their taxing power and printing press and mint and the military to defend the US dollar.

who or what defends bitcoin? it's just numbers on a computer chip. no power, no reading of chip. chip lost or corrupted, contents gone. poof.

i can trust a bank or brokerage to keep my money safe from theft or corruption.

how does one keep come computer numbers safe?
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Old 02-21-2021, 8:07pm   #40
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