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    Discussion in 'Bitcoin Forum' started by Ludwigvii, May 10, 2013.

    1. Ludwigvii

      Ludwigvii New Member

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      If I trade/cash in my BitCoins, what does the person i gave them to do with it?

      Also are they recycled or has it gone through its use?
       
      Ludwigvii, May 10, 2013
      #1
    2. flickeringobscenity

      flickeringobscenity New Member

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      ... what?
       
      flickeringobscenity, May 12, 2013
      #2
    3. Ludwigvii

      Ludwigvii New Member

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      The people we trade our bitcoins to for merchandise or cash, what do they get out of our bitcoins? What do they do with them?
       
      Ludwigvii, May 13, 2013
      #3
    4. frosticus

      frosticus Community Developer

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      they do the same thing you did. buy things from other people.
       
      frosticus, May 21, 2013
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    5. Dark57

      Dark57 New Member

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      Think of a bitcoin as a physical bill. I don't know what they are at right now, but when I sold all my BTC each coin was worth $92 each. So someone exchanged their USD for my BTC and they probably used the BTC for a doomsday currency wallet or something. Like most people investing in BTC, they just hoard them for a security net.
       
      Dark57, May 25, 2013
      #5
    6. felipeclement

      felipeclement New Member

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      Technically, BTC currency is used for purchasing and as payment method online. Most likely, people are wise enough to find different avenues for alternative funds. As much as possible, BTC users try to lessen the use of traditional cash and cards.
       
      felipeclement, Jan 3, 2014
      #6

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