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The problem I had attempting to sell my old bitcoin last week was not where to buy it. It was where to sell it and come away with cash. As a citizen of the US
by aaroninsf 10y ago
The problem I had attempting to sell my old bitcoin last week was not where to buy it. It was where to sell it and come away with cash.
As a citizen of the US this appeared more or less impossible through any reputable means.
I'd say that's a show stopper to adoption. The most practicable thing for small amounts (a few K or less) still seems to be: buy a gift card at a service you actually use; or, shop Dell, Expedia, Tiger Direct, or New Egg.
To put blame where it is absolutely due: this is a direct result of aggressive intimidation by the federal government on institutions attempting to provide consumer banking services for bitcoin, or attempting to do business with startups and the like in the industry.