2 ms·
They are not more liquid than BTC itself. Why not just sell the BTC directly?
by netheril96 5y ago
They are not more liquid than BTC itself. Why not just sell the BTC directly?
- hypertele-Xii 5y agoI guess games and cosmetics sell easier than crypto scams.
- netheril96 5y agoYou got it backwards. It is much easier to sell crypto "scams" than games and cosmetics. At any given time, there are a lot of people ready to buy your BTC. For games and cosmetics, not so many.
- weird-eye-issue 5y agoBitcoin is so liquid you can cash out millions within seconds. Source: I've done it
- mbesto 5y agoSpeculative theory - - You steal a credit card. - Buy BTC with said credit card. - Use BTC to buy Steam cosmetics that you already own and Steam converts that BTC to USD. You now have effectively used a stolen credit card to convert its value to cold hard cash that is not traceable, or at least requires several hoops to jump through to figure out who stole the card.