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With all the news about the meteoric rise in the value of BTC and many folks presumably sitting on a huge paper profit, I haven't seen (or just haven't be looki
by jimmcslim 13y ago
With all the news about the meteoric rise in the value of BTC and many folks presumably sitting on a huge paper profit, I haven't seen (or just haven't be looking hard enough) for stories along the lines of: 'I sold my modest holdings of BTC and was able to repay my mortgage; I don't have enough money to stop working but at least I fully own my home and can work four days a week instead of five and spend a bit more time with the kids, etc, etc, etc'.
Or is the unreported reality of BTC is that it is just too difficult to cashout in a big way due to liquidity/transaction fees/general sketchyness of exchanges that will transfer BTC to hard currency?
- gwern 13y agoYou can find most of those stories on /r/Bitcoin. Off the top of my head: the Norwegian apartment, the asshole, the nurse, & the WalMart clerk. (And a few counter-stories like the Brooklyn embezzler who has taken a $1m inheritance and squandered it down to ~$300k by astonishingly bad Bitcoin trading over the past year.)