I’m a coin user, and I’ve always wondered why I’ve always kept my coins in my wallet. Why can’t I just have my coins in my pocket? I have a feeling you’re going to guess that it’s because the coins are in my purse. It is.
Well, trustswap is the answer. Its a service that allows people to exchange their bitcoins for other people’s bitcoins. You trade and you get what you want. You can exchange bitcoins for cash, and trade cash for bitcoins. You can even trade cash for money, but there’s a catch: You can only use it for a limited amount of time. There’s no real limit on how much you can use the trustswap service.
For now, I think the only downside is that most people are likely only buying bitcoins that they already have. But theres a catch. Theres a limit. You can only use it for a certain number of hours. So while I think it is a useful service, I think it is a bit of a catch-22. But if you have a lot of bitcoins, you can use it pretty much forever. So yeah, this is pretty cool.
Well, it’s cool because it’s Bitcoin. And a lot of people are buying bitcoins. But the catch is that it says on pretty much everything that you use it for that it will take as long to get converted to USD as it takes to get converted to Bitcoin. And that’s a bit of a problem because if you’re using it to buy a new phone, for example, you can’t just buy it for $50. That just doesn’t make sense.
As a bitcoin user myself, I can confirm this. I have used it for, and still use it for, things like purchasing items online without having to convert them to any other currencies. That alone is worth the hassle. But it’s also worth considering that bitcoin is deflationary. If you use it, you should get that value back.
I would like to see bitcoin’s price go up. So, if it comes into existence, it should be worth more. That means it should be worth more to you than it is now, and that would be a good thing. But it is a new thing that has not been around much before. If bitcoin does come into existence, it can’t be a bubble, or an extension of any existing bubble.
It’s important to remember that the exchange rates of bitcoin are mostly determined by the “trust” of the people who buy and sell it. And, this is only true if the people who buy and sell bitcoins are not themselves the issuers of the currency. A person who buys a bitcoin and wants to sell it immediately cannot be assured that the buyer will get the same rate as the seller. It’s like buying a gallon of gas for $3.50.
This is a good example of how the trust of the people who use bitcoins impacts the price of the currency.
And, if someone who is not one of those people is the issuer of the currency, then there’s no guarantee that the bitcoin price will remain the same. The reason for this is that bitcoin is currently traded on exchanges rather than on a physical “coin,” which is a type of digital token that is used to settle transactions in the currency. A physical coin is the only way to be sure that bitcoins will stay the same in the future.
So what does this mean for the price of bitcoin? It means that if someone is selling bitcoin at a higher price than someone who is not an issuer of the currency (or even an authorized buyer of the currency), they will either be giving away more money or the price of bitcoin will drop. This is not a good thing, especially to people who are not authorized to sell bitcoin.