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What do you do with your bitcoins after you "move them to another country"? It would seem you still have to convert to normal currency and that is by no means i
by wsxcde 11y ago
What do you do with your bitcoins after you "move them to another country"? It would seem you still have to convert to normal currency and that is by no means instant. What about the volatility? If you really want quick transfers you have to "hodl" bitcoins and that means you have lost something like 40% in the last 9 months.
- corv 11y agoWorks fine for me without holding. The price doesn't change much in the 30 minutes it takes to exchange. The swings of EUR/USD are larger in the days it takes to make a traditional transaction. Converting to currency is instant here and so are intranational bank transactions. It's also possible to pay utilities with BTC. Cheaper and faster is enough to win me over regardless of historical price development.