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A quick search shows a post from this week titled "Bitcoin drops 50% in epic two day tumble", so somehow I doubt it. As others have said, Bitcoin is a very sha
by war1025 7y ago
A quick search shows a post from this week titled "Bitcoin drops 50% in epic two day tumble", so somehow I doubt it.
As others have said, Bitcoin is a very shallow market. It is "worth" a lot in principle, but good luck trying to convert it to cash.
- kylebenzle 7y agolocal.bitcoin.com Its easy to convert to cash in any major city.
- nostrademons 7y agoPresumably, if it gets to the point where you need a safe-haven store of value, you won't be converting it to cash. You'd be transferring it directly to the recipient in exchange for food, shelter, or weapons.
- owenmarshall 7y agoI think if you’re to the point of liquidating assets for “food, shelter, or weapons”, I would prefer a few Krugerrands that fit in my pocket. How can Bitcoin beat them in terms of durability and wide acceptance?