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1) Can you take cash and transfer it to bitcoin without using the bank? 2) Will it be nearly as quick converting between instruments as traditional stores of va
by guard-of-terra 13y ago
1) Can you take cash and transfer it to bitcoin without using the bank? 2) Will it be nearly as quick converting between instruments as traditional stores of value?
Yes, I can take my cash, dump it into Qiwi machine and btc-e accepts that. It will be faster because Qiwi machines are denser than bank branches.
3) In a day or two when you want to make a purchase can you guarantee or even confidently assume that the value will be the same as when you deposited it?
No, but neither it is with your currency.
Hell can you assure yourself that the value will be the same < 1 hour from when the transaction occurs?
Why are we again talking about day-to-day spending? I don't care about the value in one hour, I care about value in one year and Bitcoin shows pretty good performance. It's more reliable than USD/EUR and USD/RUR swing, believe it or not.