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Actually it is quite easy to exchange for cash, this week I had a localbitcoins meetup and sold 5000 euro worth of bitcoin (most of this I bought out my nerdy i
by yc1010 11y ago
Actually it is quite easy to exchange for cash, this week I had a localbitcoins meetup and sold 5000 euro worth of bitcoin (most of this I bought out my nerdy interest back in 2011 for peanuts), we met in coffee shop and had a nice geek to geek chat about bitcoin :)
Will use this towards replacing my old car.
Speaking of localbitcoins, the volume of trades just keep on growing and is a good indicator of the general bitcoin "economy"
http://i.imgur.com/uV6Asfc.png http://i.imgur.com/uV6Asfc.png
http://i.imgur.com/sZ5qyel.png http://i.imgur.com/sZ5qyel.png
- StavrosK 11y agoVery nice, where was this?
- yc1010 11y agoI am in Ireland, my inner geek has been fascinated with bitcoin since 2011 when Paypal screwed with me (I still do not know why) it has been fascinating watching Bitcoin ecosystem grow (ideas, companies and people) sort of reminds me of the early days of the web. Dont mind the guys on r/Bitcoin, they get overzealous and there are alot of trolls it being Reddit, and most of them being teens, the more mature voices get drowned out by noise there. You just learn to skip over the cultish posts and read the more technical/interesting developments in the space such as multisignature transactions, blocksize debate and lightning networks.
- StavrosK 11y agoYeah, same here. I just wish I hadn't been fascinated by MtGox :P Or, well, considered it a convenient place to store my Bitcoins. If only I had known of Electrum earlier!