I've been telling my nocoiner friend about cryptocurrency and he's convinced it's a massive ponzi scheme because the players will never actually be able to convert their assets into that when the shit hits the fan.
Tell me a way to cash out my cryptocurrency that isn't needlessly complicated or costly.
Uh....transfer btc to an exchange that accepts fiat and sell?
Oh yeah... I'm sure it's your "no coiner friend" not you.
1. transfer BTC to an exchange,
2. sell if for USD,
3.have your exchange hooked up to your bank,
4.press the "put my fiat in my bank" button.
>sell on currency on localbitcoins or any number of vast exchanges, for instant bank transfer or cash
>???
>???
???
What do I have to gain from lying about that? I'm just trying to blow him the fuck out since I've actually invested in crypto
Why does this fucking thread literally show up every single day? Every fucking day we have these retarded repetitive threads made by absolute faggot OPs for the above, apparent reason. As a whole, we cannot be this retarded. Cashing out is as fucking easy as pressing a button. Are we undergoing some kind of prolonged methods of psych control. Are we controlled opposition?
Ask him to give an example of a ponzi with an 80 billion dollar market cap
How does someone cash out?
To get the cash someone else has to buy the coins right?
What the hell happens when many people at the same time want to cash?
Or is there always someone ready to buy?
Then don't sell when the others panic like sheeple
What happens when stock market crashes? Do you think this phenomenon is limited to cryptocoins?
i cashed out 50% yesterday.
>opened an account with localbitcoins
>got a wallet address and withdrew my BTC to it
>clicked on "sell BTC", found a guy with 500+ trades
>opened chat window, gave bank account details
>he accepted, i moved coins into escrow
>30 second later checked bank account, money was there, released coins to him
>smiley faces and mutual positive feedback
it took an hour to move the coins from poloniex, but selling them took literally 30 seconds
How much cash is that for? >10k?
If you were invested for more than 48hrs you would already know
Lehman Brothers
how is this so difficult OP
can't someone just pull their funds from their bank account
i suppose they could try and reverse the charges. i moved the money after we closed the deal
end of the day the guy had 500+ unique trades and 100% feedback. i dont think he was going to blow his rep on stealing a couple of grand off me
just over 3k
The only thing people are buying it for is to hope someone who will pay more is going to buy off them.
thats ...like every commodity ever? wtf is your point?
How the fuck
Do we have this thread EVERY SINGLE DAY
KRAKEN: SELL TO FIAT > WITHDRAW > SELECT IBAN
COINBASE: SELL TO FIAT > WITHDRAW > SELECT REGISTERED BANK
LOCALBTC: FIND A BUYER > COLLECT MONEY > WITHDRAW > SELECT IBAN
HOW
HOW ARE YOU SO FUCKING DENSE THAT YOU DON'T SEE THOSE GIGANTIC WITHDRAWAL BUTTONS
HOOOOOOOW
...
Dollar, Euro, Yen, etc...
>buy coinbase coins in your country but they won't let you cash them out
>applied for lv3 kracken, but still processing after two weeks and support has their head up their ass
Being a leaf is suffering.
1. Get Tor
2. Find a good dark web market place
3. Find a reputable cash out(cash for crypto) service.
4. Cash out and keep it in your mattress.
Or buy drugs and sell for cash at a mark-up. Maximize your gains.
this user gonna be rich someday
Define "when the shit hits the fan" i mean, what event would happen? Wasn't MtGox enough?
L..Like b..bro bitcoin is a figment of your imagination bro.
Like one guy is controlling it all, a-and you're just a pawn in his game. T-there's no WAY you will be able to turn your """"GAINS"""" into any real currency bro. Like.. you got played hard.. like really really hard. It's just like Vemma Verve man..
Arguably, but shut the fuck up.