Bitcoin has no value until you get paid
 

One hears of people with millions worth of bitcoin.

But will firms pay out?

I wonder if firms will pay you millions for your bitcoins knowing the next day the value will drop, and what firm will have funds to pay out millions?

Most people out of greed will hold onto bitcoins hoping they gain more value, and will probably sell when they see the value drop At that point I fail to see any business paying you millions for something that is dropping in value.

Bitcoin is about preserving your wealth as the us dollar is a big scam and the banks can print as much as they want. So every year more and more people are going to keep flooding into Bitcoin.

Humans on earth have never seen a currency that will always go up in value because we have been living with currency that always looses value so they think Bitcoin will someday stop going up in value.

Eventually there will be a flip and the us dollar will be 2nd place and Bitcoin will become the worlds reserve currency. So companies will keep their cash reserves in Bitcoin and never again in USD

the problem is that bitcoin is NOT a currency right now.
It is a only a speculation tool.
99% buy Bitcoin to speculate, to make a profit.
Not to use as a currency to buy and sell stuff.

Yes friend, you gotta have patience for that

I'm selling my video tube to get bitcoin so... https://gfy.com/sell-and-buy-forum/1...ng-crypto.html

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.

bitcoin is the value...


ffs, when people purchase btc, money goes in and money goes out...


Banks only use peoples money to lend people money, they make money on money :2 cents:

bitcoin is the future

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 :winkwink:

You thus end up trading fresh air.

You are trading something that does not exist for goods.

This is fine if you buy a house, with bitcoins, as you have a house.

However, the scheme fails when people see the currency go down and panic selling, as it is unlikely anyone will buy, and you are then left with nothing.

It may take months or years, but in time this will flop and many will be left with nothing.

A few will cash out early.

You know like every single market bubble there has ever been.

The key is to get in early, then cash out, even if things still to be going up.

The greedy (most people) join late, and keep hold too long.

You make money from the greedy who hold on, hoping to make it rich.

A bit like the UK housing bubble. Those who are smart buy cheap, then sell later as things are good. The bulk of people buy much later and hold on, then end up making a loss when the bubble bursts.

Bitcoin is a bubble, just like any other.

It may last longer than most, but it will burst, and then people will loose everything.

mainly exchanges, non stable tokens are basically ponzi tokens just remember that.

sad but true :)

Your question doesn't make much sense.

Exchanging 100BTC (5mio) to USD means nothing and value of BTC won't drop.

What firms? It doesn't mean that one party will pay for all your BTC; it's executed with multiple smaller events that cover the full amount.

Hey guys, our affiliate program do the payouts with Bitcoins! Join us and earn your comission with BTC. Link in sgnature

Yes we know!!!from your other gazzilion spam posts

blockchain is really the futures money

The fck are you talkin about?

Sounds like you've never been on a good exchange in your life.

Binance can easily cash out a million or more any given day.. that system moves hundreds of millions daily. You send it somewhere that will trade your btc to cash and send it to your bank. I do it all the time. A few clicks and its done. No value at all? LOLLLL!!!! :upsidedow

Yea, he def has no clue how any of this works. It's kinda funny how many people here are posting threads asking for ideas on how to make 2-3k/mo then post stupid shit like this about crypto.

Read my reply here

:thumbsup

>> and Bitcoin will become the worlds reserve currency

Really? You think government will say OK to this?

That is because you fail to understand how the market works. The Stock Market is no different. Technically you don't make money until you sell. But it still holds value weather you sell or not. Why would someone pay millions for something dropping in value? Its simple Buy low sell high. When bit coin dropped from $6,000 a coin to $2500 a coin in just a few weeks people took advantage of the very low price and 1.5 years later it hit $40,000 per coin. As more people invest it goes up. when people sell it goes down. When people buy just to hold on to that is also good for it holding its value. Bitcoin isn't going anywhere.

Bitcoin is only worth what people will pay. If someday someone finds a way to hack Bitcoin, the price will drop.

Sorry but wont happen. If you understood how blockchain works you would know there is no way of hacking it. Blockchain could only be hacked if it were in a centralized server somewhere. But Blockchain doesn't work that way. It is based on a peer to peer network. Basically millions of computers on the network or however many there are at one time or another store the blockchain. Each one talks to the other and verifies the chain. If someone tried to hack the blockchain and tried giving themselves extra bitcoins or whatever the other computers on the network would reject that cause it doesn't line up with the majority. so the only way to hack it would have to include over 50% all giving the exact same solutions to the chain which is basically impossible. That is why there is no way to hack it and never will be. Their maybe a danger if it becomes centralized.

I wonder if the opinion on bitcoin has changed in the author of this post)))

If you truly understood how blockchain works and how bitcoin exists you would know that it is impossible to hack. you would need to hack 70% of the of all the computers on the network all at the exact same time which is beyond impossible. making it even more impossible is finding out how all the computers on the network that are constantly fluctuating.