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Implanting

06/22/17 5:36 AM

#5873 RE: chevy56 #5868

Ya, did you notice it was a Florida man that had to search and find a dealership out in California that would take his Bitcoin for a car, so that tells me Bitcoin's still to this point not very accepted, as he was turned down by other car sellers. The dealership had to convert the Bitcoin back into dollars also.

This goes back to my earlier comment in another post about Bitcoin NOT being money, not yet anyway. The Bitcoin still in the end was swapped for dollars by someone. Buying the car with Bitcoin wouldn't have been any different than me taking gold coins to the dealership and paying for a car with them and I consider physical gold/silver much safer to hold than Bitcoin. Bitcoin is also very volatile in price, if they cashed it in on the day it was down 25% in price they lose their ass on the car sale. LOL

I still believe in time these crypto-currencies are going to take very big hits from the Powers that Be. We'll see.

Thanks for posting the article. It was an informative read.