[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 26 KB, 482x295, 1516252277594.jpg [View same] [iqdb] [saucenao] [google]
6793125 No.6793125 [Reply] [Original]

I still dont get it. You have cryptocurrency right? How do you actually convert this internet money into real money? The lamborghini dealership doesnt accept bitcoin. Do you sell it like a stock? But how many people are actually buying cryptocurrency with real money?

Explain in brainlet terms.

>> No.6793180

That's the joke anon, all these larpers hang around convincing people to buy their bags so they can cash out. Crypto liquidity is and always will be shit.

>> No.6793212

>>6793125

Sell your fake money to other sucker for real money, when no more suckers the last buyer is fucked

>> No.6793246

>>6793125
You for a dealership that accepts bitcoin

>> No.6793262

Every lambo dealership accepts Bitcoin

>> No.6793277

kys

>> No.6793341

>>6793125
Bad example, the lambo dealership actually does accept bitcoin

>> No.6793347

>>6793125
https://themerkle.com/buy-a-lamborghini-with-bitcoin-in-newport-beach/

>> No.6793352
File: 142 KB, 1920x1080, 1511456228389.jpg [View same] [iqdb] [saucenao] [google]
6793352

>>6793125
There are FIAT (USD, EUR) crypto exchanges which have trading pairs such as BTC/EUR or BTC/USD. You can buy/sell your bitcoin on here for (((real))) money.
Every crypto other than bitcoin is measured in satoshi's (1 sat = 1 millionth of a bitcoin) and has a trading pair with BTC too. Because of this, you can always convert your shiny tokens or crypto to BTC. Which you can trade against a FIAT trading pair (see aboce). Many people, especially normies, are buying in on the hype.

>> No.6793354

>>6793212
But is there actually enough suckers around to be a reliable form of liquidation? I mean aren't most of you guys just holding onto your coins? What are you all gonna do if you want to liquidate and there's no suckers?

>> No.6793367

>>6793125
>Implying I am going to settle for a Lamborghini

http://www.thedrive.com/sheetmetal/17575/6-million-in-bitcoin-exchanged-for-a-new-pagani-and-bugatti

>> No.6793772

>>6793354
The coins I own have a 24h volume of >$50m. How am I not able to cash out?

>> No.6793862

>>6793125
The lambo meme started when they announced they would be accepting bitcoin as payment

>> No.6793937

>>6793125
>The lamborghini dealership doesn't accept bitcoin

You fucking retard how do you think the lambo meme started? You think people actually want a fucking lambo? Only niggers waste their money on shiny cars