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if i offer to pay you bitcoin for putting a new roof on my house, you would just turn around and trade it for cash to buy your groceries anyway

 
Anonymous Coward
User ID: 75466721
United States
09/04/2017 02:42 AM
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if i offer to pay you bitcoin for putting a new roof on my house, you would just turn around and trade it for cash to buy your groceries anyway
so what's the point in using it in the first place

other than making some anonymous entity rich
Anonymous Coward
User ID: 73375504
United States
09/04/2017 02:54 AM
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Re: if i offer to pay you bitcoin for putting a new roof on my house, you would just turn around and trade it for cash to buy your groceries anyway
If I offer to pay you [some other currency] blah blah, you would just turn around and trade it.

Why do you think forex markets exist?
Anonymous Coward (OP)
User ID: 75466721
United States
09/04/2017 08:40 AM
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Re: if i offer to pay you bitcoin for putting a new roof on my house, you would just turn around and trade it for cash to buy your groceries anyway
the point is that it's cash in at the front in and cash out at the back end before you can buy anything useful for yourself

the visa cards are just another conversion instrument at the back end
Rest
User ID: 70226470
Hong Kong
09/04/2017 08:44 AM
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Re: if i offer to pay you bitcoin for putting a new roof on my house, you would just turn around and trade it for cash to buy your groceries anyway
the point is that it's cash in at the front in and cash out at the back end before you can buy anything useful for yourself

the visa cards are just another conversion instrument at the back end
 Quoting: Anonymous Coward 75466721


Aye, 'tis true today but what of tomorrow? Dollar keeps devaluing, bitcoin rising inversely-proportional to dollar... doesn't take a genius here to understand why people who buy bitcoin tend to hold it as is... who knows what the "standard" exchange currency will be tomorrow, but trends do point toward cryptos.
Anonymous Coward
User ID: 41173011
United States
09/04/2017 09:13 AM
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Re: if i offer to pay you bitcoin for putting a new roof on my house, you would just turn around and trade it for cash to buy your groceries anyway
the question should be were can you get roofing material using Bitcoins, and will the illegals you hire accept Bitcoins for their wages. Of course you will have liability insurance backed by Bitcoins I'm sure
Anonymous Coward
User ID: 29329994
Canada
09/04/2017 09:15 AM
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Re: if i offer to pay you bitcoin for putting a new roof on my house, you would just turn around and trade it for cash to buy your groceries anyway
I would trade the bitcoins for other crypto currencies
Anonymous Coward
User ID: 73954687
United States
09/04/2017 09:17 AM
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Re: if i offer to pay you bitcoin for putting a new roof on my house, you would just turn around and trade it for cash to buy your groceries anyway
Its the way of the world but I doubt you'll find many roofers interested in currency trading.
Anonymous Coward
User ID: 73954687
United States
09/04/2017 09:18 AM
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Re: if i offer to pay you bitcoin for putting a new roof on my house, you would just turn around and trade it for cash to buy your groceries anyway
In my opinion, these crypto currencies are just another excuse for eliminating cash.
Anonymous Coward
User ID: 41173011
United States
09/04/2017 09:22 AM
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Re: if i offer to pay you bitcoin for putting a new roof on my house, you would just turn around and trade it for cash to buy your groceries anyway
I'm going to stop using government sanctioned currency and start using sticks...they are valuable because I say so, also you can build fires with them
dogman17

User ID: 2283494
United States
09/04/2017 09:24 AM
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Re: if i offer to pay you bitcoin for putting a new roof on my house, you would just turn around and trade it for cash to buy your groceries anyway
Then why bother with bitcoin at all?
Just don't make anything up.
Judethz

User ID: 73972951
United Kingdom
09/04/2017 09:24 AM
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Re: if i offer to pay you bitcoin for putting a new roof on my house, you would just turn around and trade it for cash to buy your groceries anyway
I would trade the bitcoins for other crypto currencies
 Quoting: Anonymous Coward 29329994


sweater I'll gladly give you a bitcoin Tuesday for a hamburger today.
Anonymous Coward
User ID: 75480461
United States
09/04/2017 10:57 AM
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Re: if i offer to pay you bitcoin for putting a new roof on my house, you would just turn around and trade it for cash to buy your groceries anyway
If you are interested in using bitcoins to make money then use it only for trading online. buy low sell high all day.

This week bitcoin is predicted to shoot into $5,000 a coin. Buy in now! you dont have to buy a full unit! just start with $25 or even $50. Bitcoin is forecasted to get into the $50,000 mark in less than 10 years!! this is the time to get in when its good. Set it and forget and in a few years you will have a nice nest.
Anonymous Coward
User ID: 75438434
United States
09/04/2017 11:15 AM
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Re: if i offer to pay you bitcoin for putting a new roof on my house, you would just turn around and trade it for cash to buy your groceries anyway
I would want YOU to trade in those bitcoins and pay me in USD.
Anonymous Coward
User ID: 72332921
United States
09/04/2017 11:17 AM
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Re: if i offer to pay you bitcoin for putting a new roof on my house, you would just turn around and trade it for cash to buy your groceries anyway
You might offer but I wouldn't accept so you'd be out a new roof till you found someone who did. hf
Anonymous Coward
User ID: 5033939
United States
09/04/2017 11:18 AM
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Re: if i offer to pay you bitcoin for putting a new roof on my house, you would just turn around and trade it for cash to buy your groceries anyway
Anonymous private transaction. Other than that it is similar to gambling in a casino
Anonymous Coward
User ID: 71027993
United States
09/04/2017 11:50 AM
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Re: if i offer to pay you bitcoin for putting a new roof on my house, you would just turn around and trade it for cash to buy your groceries anyway
I don't think that you are smart enough to even establish a bitcoin account. Much less transferring bc scanned data goof to another person.

Use the right side of your brain and see the future ie things your kids and grandchildren use or accept daily.

We all have bc Visa cards....works just like cash.

I listened to max keiser and bought 1k$ bc at 53$ usd.

Do some homework.





GLP