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That's just arbitrage, though. You're converting your liquid cash assets into another differently liquid type of cash using a less liquid form of currency, beca
by txru 7y ago
That's just arbitrage, though. You're converting your liquid cash assets into another differently liquid type of cash using a less liquid form of currency, because you have special knowledge about the transfer process.
Bitcoin in this is a material asset, like a house to flip in an underappreciated/subsidized market.
- xur17 7y agoThat's fair. That said, I have been getting more comfortable with refilling less frequently and just holding a buffer in BTC.
- mindslight 7y agoThe seller of the gift cards likely gives a better price because payments cannot be reversed, which is a real benefit.