Godlike Productions - Discussion Forum
Users Online Now: 2,282 (Who's On?)Visitors Today: 505,183
Pageviews Today: 885,624Threads Today: 429Posts Today: 6,596
10:04 AM


Back to Forum
Back to Forum
Back to Thread
Back to Thread
REPORT ABUSIVE REPLY
Message Subject BITCOIN mania. ONE GIANT FLAW for BTC and getting rich from it. Maybe you won't care, but...
Poster Handle Anonymous Coward
Post Content
How are you going to cash out? There is going to be a HUUUUUUUUUUUUUGE bottleneck. I suspect that is why Coinbase crashed today. These places are exchanges, not banks. As the price climbs higher and higher, there needs to be actual cash coming into the exchanges, otherwise you cannot pull out your tens of thousands, let alone hundreds of thousands.

Any way around this? I think it will get worse each passing day.
 Quoting: Anonymous Coward 75955758

Seriously, you're an idiot.

For every seller, there is a buyer with money deposited in an account.

You sell your coins to a buyer. That's what an exchange is.
 Quoting: Anonymous Coward 64338359


LOL funny. You gotta be kidding me. Think about what you are saying.
 
Please verify you're human:




Reason for reporting:







GLP