Quote:
Originally Posted by DVTimes
But who do you think is going to pay you millions of dollars when you want to cash the bitcoins in?
Is there some magic bank that has billions of dollars in reserves who will pay out as bitcoin goes down in value?
Bitcoins have no value at all.
The smart ones may exchange them now and get the cash if they can get it.
But most will be greedy, and loose everything as one day they wake up and find the value is zero.
And as say, who are the firms who will be happy to pay you millions in exchange for something that is crashing.
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You don't have to cash the bitcoins in because you can pay with bitcoin. More and more companies are going to introduce bitcoin as a payment method and there will be no need to cash in