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Thread: Some questions/thoughts about bitcoins

  1. #21
    Iridium monty's Avatar
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    Re: Some questions/thoughts about bitcoins

    Mike Adams seemed to use a derogatory adjective saying something like "you have to find some ______person who will trade to you U.S. dollars for cryptos." Adams also seemed to indicate that such trades are separate from the blockchain environment. Jsnip4 has done a couple of videos on this and it seems one has to do such a trade very carefully following wise steps.

    I don't know why anyone would want to exchange them for FRN's, silver dollars yes. Many places accept them for goods and services.

    I and Madfranks and perhaps others on this forum have exchanged crypto currency directly for silver/gold.
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  2. #22
    Iridium Dachsie's Avatar
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    Re: Some questions/thoughts about bitcoins

    "I don't know why anyone would want to exchange them for FRN's, silver dollars yes. Many places accept them for goods and services."

    Somewhere I summarized why Jsnip4 YouTube channel person needed to exchange his crypto profits for FRNs. He had a foreclosure on his fairly recent credit report. He dealt with that and cleared up his credit record but still needed to show a good amount of balance in a bank account before his application to buy the house he was wanting. He did convert to what was accepted as a $95,000 direct deposit to his bank account. Technically he never held FRNs in his hands and all the transfers were handled electronically. You cannot qualify for a mortgage and buy a house with crytos or silver or gold. You need digits on deposit in a bank and the digits don't happen any way but by "dollars."

    I still say "show me the money",

    Plato o plomo!

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