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I own some bitcoins online but I don't know how to convert them to money. Any help?

Hi guys. I bought some bitcoins and other currencies a couple of years ago, simply by creating some wallets using wallet generators, and I am holding the keys. How do I go about getting a bank transfer for those coins if I want to sell them? I know there are some big websites out there where I can (I assume?) import my digital wallet, and then exchange the bitcoins for money, and then (I assume?) I get a bank transfer (minus fees?), so where should I do this operation to make sure it's all safe and simple? I live in Australia btw, if that matters.
I just want to make sure that if I upload my private wallet info I don't get scammed. It's less than $500, but I want to do it safely.
Thank you!
submitted by bitcoinquestion88888 to Bitcoin [link] [comments]

I need someone to walk me step by step on how to convert cash money into bitcoin

submitted by krazykat1342 to u/krazykat1342 [link] [comments]

Trading altcoins - how to convert back to cash thru bitcoin without losing money.

I have recently been getting into crypto currency trading and I'm curious how to navigate successfully trading altcoins. Here's what I don't fully understand just yet. I'm here for some insight on the issue. Here's an example scenario that best describes the situation:
  1. Deposit $10,000 USD from Personal Bank to Bitcoin Exchange (like GDAX)
  2. Buy 1 BTC at $10,000 USD market value
  3. Send 1 BTC from GDAX to an Altcoin trade site like Binance
  4. Convert 1 BTC to IOTA at $3.50 USD market value (roughly 6,666 shares of IOTA)
  5. IOTA grows from $3.50 to $4.00 (roughly 14% growth, total value is now roughly $13,333 USD)
  6. Convert all IOTA shares back to BTC (but by this time BTC has decreased 10% to $9,000 USD which means with $13,333 USD I would buy roughly 1.5 BTC)
  7. Send 1.5 BTC from Binance to GDAX
  8. Convert 1.5 BTC back to $13,333 USD and transfer to Personal Bank
Here are my questions:
My personal conclusion is that if you are attempting to go from cash to altcoin to cash, and if you must go through BTC to do it, then I suggest converting to cash immediately after converting it to BTC (step 7 and step 8). And if possible do this conversion on a BTC uptrend.
Thanks so much in advance for your help and insight.
submitted by rockflag-n-eagle to BitcoinMarkets [link] [comments]

How to receive and convert BTC to money? /r/Bitcoin

How to receive and convert BTC to money? /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

How to get convert bitcoin to money?

so yesterday i followed hardwarereviews tutorial on how to bitcoin mine. So I set up my wallet by using copay and ive been mining since yesterday. I know i dont have a lot of money yet, but I want to know how to convert it when its pay day. I tried clicking on "sell bit coin" but i cant use coinbase because of my location and i heard gildera is shady. any suggestions?
submitted by kuuderex to NiceHash [link] [comments]

How do I use bitcoins to convert a lot of money from CAD to EUR?

I'm French, lived in Canada for some time, earned money, and will move back to France soon. I keep reading about how bitcoin is awesome for remittances, but I'm a bit confused as to how to use it for that. I currently have a verified account on quadrigacx.com that I can use to buy Canadian dollars. Am I supposed to create an account on a similar website that accepts Euros, buy bitcoins on Quadriga CX, transfer them to the other website, sell them on that website and get Euros? Should I try to find a website that accepts both Euros and Canadian Dollars (it seems difficult) and do everything there?
Am I approaching this the right way even? Will I save money by doing this instead of an international bank transfer?
submitted by loulan to Bitcoin [link] [comments]

how to convert ZAR to Bitcoin/USD/GBP to save money?

I am looking for help with saving my money in a currency that will not fall as hard as what the rand is falling now.
  1. What is the best currency to convert to?
  2. How will I convert/de-convert to said currency?
Currently it looks like bitcoin is probably the best, but I am not sure how I would buy and sell bitcoins.
submitted by -Kimi- to southafrica [link] [comments]

Bitcoin Money: How to Convert Bitcoins to Dollars - Part 1

Bitcoin Money: How to Convert Bitcoins to Dollars - Part 1 submitted by bitcoinmoneycenter to u/bitcoinmoneycenter [link] [comments]

Bitcoin Money: How to Convert Bitcoins to Dollars - Part 2

Bitcoin Money: How to Convert Bitcoins to Dollars - Part 2 submitted by bitcoinmoneycenter to u/bitcoinmoneycenter [link] [comments]

Trading altcoins - how to convert back to cash thru bitcoin without losing money. /r/BitcoinMarkets

Trading altcoins - how to convert back to cash thru bitcoin without losing money. /BitcoinMarkets submitted by BitcoinAllBot to BitcoinAll [link] [comments]

06-03 07:52 - 'I doubt that you would be able to convert 'copious amounts of money' on a bitcoin ATM in a mall. There is probably some limit in place. :) / However, I don't get how is converting money to bitcoin any different then burying c...' by /u/unstrdi removed from /r/Bitcoin within 149-159min

'''
I doubt that you would be able to convert 'copious amounts of money' on a bitcoin ATM in a mall. There is probably some limit in place. :)
However, I don't get how is converting money to bitcoin any different then burying cash in the ground? Criminals would know what to do with stolen money. You know, it is their job to figure it out. They go to 'work 8 hours per day' to come up with ideas.
I hate to be the one that brakes this to you but KYC is not asked for in order to catch professional criminals or terrorists. Actually its only purpose is to make hard for ordinary people to avoid taxes.
'''
Context Link
Go1dfish undelete link
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Author: unstrdi
submitted by removalbot to removalbot [link] [comments]

Ok so say you have $50,000,000 in bitcoin that was accumulated over time. How would you go about converting this money to USD then getting it to yourself without being investigated by the IRS? So basically: how do you get the BTC to USD, then launder it?

submitted by TomASavage to AskReddit [link] [comments]

Bitcoin mentioned around Reddit: how to convert ZAR to Bitcoin/USD/GBP to save money? /r/southafrica

Bitcoin mentioned around Reddit: how to convert ZAR to Bitcoin/USD/GBP to save money? /southafrica submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin mentioned around Reddit: how to convert ZAR to Bitcoin/USD/GBP to save money? /r/southafrica

Bitcoin mentioned around Reddit: how to convert ZAR to Bitcoin/USD/GBP to save money? /southafrica submitted by BitcoinAllBot to BitcoinAll [link] [comments]

DDDD - The Rise of “Buy the Dip” Retail Investors and Why Another Crash Is Imminent

DDDD - The Rise of “Buy the Dip” Retail Investors and Why Another Crash Is Imminent
In this week's edition of DDDD (Data-driven DD), I'll be going over the real reason why we have been seeing a rally for the past few weeks, defying all logic and fundamentals - retail investors. We'll look into several data sets to see how retail interest in stock markets have reached record levels in the past few weeks, how this affected stock prices, and why we've most likely seen the top at this point, unless we see one of the "positive catalysts" that I mentioned in my previous post, which is unlikely (except for more news about Remdesivir).
Disclaimer - This is not financial advice, and a lot of the content below is my personal opinion. In fact, the numbers, facts, or explanations presented below could be wrong and be made up. Don't buy random options because some person on the internet says so; look at what happened to all the SPY 220p 4/17 bag holders. Do your own research and come to your own conclusions on what you should do with your own money, and how levered you want to be based on your personal risk tolerance.
Inspiration
Most people who know me personally know that I spend an unhealthy amount of my free time in finance and trading as a hobby, even competing in paper options trading competitions when I was in high school. A few weeks ago, I had a friend ask if he could call me because he just installed Robinhood and wanted to buy SPY puts after seeing everyone on wallstreetbets post gains posts from all the tendies they’ve made from their SPY puts. The problem was, he actually didn’t understand how options worked at all, and needed a thorough explanation about how options are priced, what strike prices and expiration dates mean, and what the right strategy to buying options are. That’s how I knew we were at the euphoria stage of buying SPY puts - it’s when dumb money starts to pour in, and people start buying securities because they see everyone else making money and they want in, even if they have no idea what they’re buying, and price becomes dislocated from fundementals. Sure enough, less than a week later, we started the bull rally that we are currently in. Bubbles are formed when people buy something not because of logic or even gut feeling, but when people who previously weren’t involved see their dumb neighbors make tons of money from it, and they don’t want to miss out.
A few days ago, I started getting questions from other friends about what stocks they should buy and if I thought something was a good investment. That inspired me to dig a bit deeper to see how many other people are thinking the same thing.
Data
Ever since March, we’ve seen an unprecedented amount of money pour into the stock market from retail investors.
Google Search Trends
\"what stock should I buy\" Google Trends 2004 - 2020
\"what stock should I buy\" Google Trends 12 months
\"stocks\" Google Trends 2004 - 2020
\"stocks\" Google Trends 12 months
Brokerage data
Robinhood SPY holders
\"Robinhood\" Google Trends 12 months
wallstreetbets' favorite broker Google Trends 12 months
Excerpt from E*Trade earnings statement
Excerpt from Schwab earnings statement
TD Ameritrade Excerpt
Media
cnbc.com Alexa rank
CNBC viewership & rankings
wallstreetbets comments / day

investing comments / day
Analysis
What we can see from Reddit numbers, Google Trends, and CNBC stats is that in between the first week of March and first week of April, we see a massive inflow of retail interest in the stock market. Not only that, but this inflow of interest is coming from all age cohorts, from internet-using Zoomers to TV-watching Boomers. Robinhood SPY holdings and earnings reports from E*Trade, TD Ameritrade, and Schwab have also all confirmed record numbers of new clients, number of trades, and assets. There’s something interesting going on if you look closer at the numbers. The numbers growth in brokers for designed for “less sophisticated” investors (i.e. Robinhood and E*Trade) are much larger than for real brokers (i.e. Schwab and Ameritrade). This implies that the record number of new users and trade volume is coming from dumb money. The numbers shown here only really apply to the US and Canada, but there’s also data to suggest that there’s also record numbers of foreign investors pouring money into the US stock market as well.
However, after the third week of March, we see the interest start to slowly decline and plateau, indicating that we probably have seen most of those new investors who wanted to have a long position in the market do so.
SPX daily
Rationale
Pretty much everything past this point is purely speculation, and isn’t really backed up by any solid data so take whatever I say here with a cup of salt. We could see from the graph that new investor interest started with the first bull trap we saw in the initial decline from early March, and peaking right after the end of the crash in March. So it would be fair to guess that we’re seeing a record amount of interest in the stock market from a “buy the dip” mentality, especially from Robinhood-using Millennials. Here’s a few points on my rationalization of this behavior, based on very weak anecdotal evidence
  • They missed out of their chance of getting in the stock market at the start of the bull market that happened at the end of 2009
  • They’ve all seen the stock market make record gains throughout their adult lives, but believing that the market might be overheated, they were waiting for a crash
  • Most of them have gotten towards the stage of their lives where they actually have some savings and can finally put some money aside for investments
  • This stock market crash seems like their once-in-a-decade opportunity that they’ve been waiting for, so everyone jumped in
  • Everyone’s stuck at their homes with vast amounts of unexpected free time on their hands
Most of these new investors got their first taste in the market near the bottom, and probably made some nice returns. Of course, since they didn’t know what they were doing, they probably put a very small amount of money at first, but after seeing a 10% return over one week, validating that maybe they do know something, they decide to slowly pour in more and more of their life savings. That’s what’s been fueling this bull market.
Sentiment & Magic Crayons
As I mentioned previously, this bull rally will keep going until enough bears convert to bulls. Markets go up when the amount of new bullish positions outnumber the amount of new bearish positions, and vice versa. Record amounts of new investors, who previously never held a position in the market before, fueled the bullish side of this equation, despite all the negative data that has come out and dislocating the price from fundamentals. All the smart money that was shorting the markets saw this happening, and flipped to become bulls because you don’t fight the trend, even if the trend doesn’t reflect reality.
From the data shown above, we can see new investor interest growth has started declining since mid March and started stagnating in early April. The declining volume in SPY since mid-March confirms this. That means, once the sentiment of the new retail investors starts to turn bearish, and everyone figures out how much the stocks they’re holding are really worth, another sell-off will begin. I’ve seen something very similar to this a few years ago with Bitcoin. Near the end of 2017, Bitcoin started to become mainstream and saw a flood of retail investors suddenly signing up for Coinbase (i.e. Robinhood) accounts and buying Bitcoin without actually understanding what it is and how it works. Suddenly everyone, from co-workers to grandparents, starts talking about Bitcoin and might have thrown a few thousand dollars into it. This appears to be a very similar parallel to what’s going on right now. Of course there’s differences here in that equities have an intrinsic value, although many of them have gone way above what they should be intrinsically worth, and the vast majority of retail investors don’t understand how to value companies. Then, during December, when people started thinking that the market was getting a bit overheated, some started taking their profits, and that’s when the prices crashed violently. This flip in sentiment now look like it has started with equities.
SPY daily
Technical Analysis, or magic crayons, is a discipline in finance that uses statistical analysis to predict market trends based on market sentiment. Of course, a lot of this is hand-wavy and is very subjective; two people doing TA on the same price history can end up getting opposite results, so TA should always be taken with a grain of salt and ideally be backed with underlying justification and not be blindly followed. In fact, I’ve since corrected the ascending wedge I had on SPY since my last post since this new wedge is a better fit for the new trading data.
There’s a few things going on in this chart. The entire bull rally we’ve had since the lows can be modelled using a rising wedge. This is a pattern where there is a convergence of a rising support and resistance trendline, along with falling volume. This indicates a slow decline in net bullish sentiment with investors, with smaller and smaller upside after each bounce off the support until it hits a resistance. The smaller the bounces, the less bullish investors are. When the bearish sentiment takes over across investors, the price breaks below this wedge - a breakdown, and indicates a start of another downtrend.
This happened when the wedge hit resistance at around 293, which is around the same price as the 200 day moving average, the 62% retracement (considered to be the upper bound of a bull trap), and a price level that acted as a support and resistance throughout 2019. The fact that it gapped down to break this wedge is also a strong signal, indicating a sudden swing in investor sentiment overnight. The volume of the break down also broke the downwards trend of volume we’ve had since the beginning of the bull rally, indicating a sudden surge of people selling their shares. This doesn’t necessarily mean that we will go straight from here, and I personally think that we will see the completion of a heads-and-shoulders pattern complete before SPY goes below 274, which in itself is a strong support level. In other words, SPY might go from 282 -> 274 -> 284 -> 274 before breaking the 274 support level.
VIX Daily
Doing TA is already sketchy, and doing TA on something like VIX is even more sketchy, but I found this interesting so I’ll mention it. Since the start of the bull rally, we’ve had VIX inside a descending channel. With the breakdown we had in SPY yesterday, VIX has also gapped up to have a breakout from this channel, indicating that we may see future volatility in the next week or so.
Putting Everything Together
Finally, we get to my thesis. This entire bull rally has been fueled by new retail investors buying the dip, bringing the stock price to euphoric levels. Over the past few weeks, we’ve been seeing the people waiting at the sidelines for years to get into the stock market slowly FOMO into the rally in smaller and smaller volumes, while the smart money have been locking in their profits at an even slower rate - hence an ascending wedge. As the amount of new retail interest in the stock market started slowed down, the amount of new bulls started to decline. It looks like Friday might have been the start of the bearish sentiment taking over, meaning it’s likely that 293 was the top, unless any significant bullish events happen in the next two weeks like a fourth round of stimulus, in which case we might see 300. This doesn’t mean we’ll instantly go back to circuit breakers on Monday, and we might see 282 -> 274 -> 284 -> 274 happen before panic, this time by the first-time investors, eventually bringing us down towards SPY 180.
tldr; we've reached the top
EDIT - I'll keep a my live thoughts here as we move throughout this week in case anyone's still reading this and interested.
5/4 8PM - /ES was red last night but steadily climbed, which was expected since 1h RSI was borderline oversold, leaving us to a slightly green day. /ES looks like it has momentum going up, but is approaching towards overbought territory now. Expecting it to go towards 284 (possibly where we'll open tomorrow) and bouncing back down from that price level
5/5 Market Open - Well there goes my price target. I guess at this point it might go up to 293 again, but will need a lot of momentum to push back there to 300. Seems like this is being driven by oil prices skyrocketing.
5/5 3:50PM - Volume for the upwards price action had very little volume behind it. Seeing a selloff EOD today, could go either way although I have a bearish bias. Going to hold cash until it goes towards one end of the 274-293 channel (see last week's thesis). Still believe that we will see it drop below 274 next week, but we might be moving sideways in the channel this week and a bit of next week before that happens. Plan for tomorrow is buy short dated puts if open < 285. Otherwise, wait till it goes to 293 before buying those puts
5/5 6PM - What we saw today could be a false breakout above 284. Need tomorrow to open below 285 for that to be confirmed. If so, my original thesis of it going back down to 274 before bouncing back up will still be in play.
5/6 EOD - Wasn't a false breakout. Looks like it's still forming the head-and-shoulders pattern mentioned before, but 288 instead of 284 as the level. Still not sure yet so I'm personally going to be holding cash and waiting this out for the next few days. Will enter into short positions if we either go near 293 again or drop below 270. Might look into VIX calls if VIX goes down near 30.
5/7 Market Open - Still waiting. If we break 289 we're probably heading to 293. I'll make my entry to short positions when we hit that a second time. There's very little bullish momentum left (see MACD 1D), so if we hit 293 and then drop back down, we'll have a MACD crossover event which many traders and algos use as a sell signal. Oil is doing some weird shit.
5/7 Noon - Looks like we're headed to 293. Picked up VIX 32.5c 5/27 since VIX is near 30.
5/7 11PM - /ES is hovering right above 2910, with 4h and 1h charts are bullish from MACD and 1h is almost overbought in RSI. Unless something dramatic happens we'll probably hit near 293 tomorrow, which is where I'll get some SPY puts. We might drop down before ever touching it, or go all the way to 295 (like last time) during the day, but expecting it to close at or below 293. After that I'm expecting a gap down Monday as we start the final leg down next week towards 274. Expecting 1D MACD to crossover in the final leg down, which will be a signal for bears to take over and institutions / day traders will start selling again
5/8 Market Open - Plan is to wait till a good entry today, either when technicals looks good or we hit 293, and then buy some SPY June 285p and July 275p
5/8 Noon - Everything still going according to plan. Most likely going to slowly inch towards 293 by EOD. Will probably pick up SPY puts and more VIX calls at power hour (3 - 4PM). Monday will probably gap down, although there's a small chance of one more green / sideways day before that happens if we have bullish catalysts on the weekend.
5/8 3:55PM - SPY at 292.60. This is probably going to be the closest we get to 293. Bought SPY 290-260 6/19 debit spreads and 292-272 5/15 debit spreads, as well as doubling down on VIX calls from yesterday, decreasing my cost basis. Still looks like there's room for one more green day on Monday, so I left some money on the side to double down if that's the case, although it's more likely than not we won't get there.
5/8 EOD - Looks like we barely touched 293 exactly AH before rebounding down. Too bad you can't buy options AH, but more convinced we'll see a gap down on Monday. Going to work on another post over the weekend and do my updates there. Have a great weekend everyone!
submitted by ASoftEngStudent to wallstreetbets [link] [comments]

👍🏼✔️️[H] Windows🔑 | Server🚀 | Office💻 🔥| Visio | Project🔑 | Visual Studio | Adobe CC 🔑 [W]Zelle, Venmo, Amazon Gift, Bitcoin,🚀 Ethereum, 💻 Credit Cards💳, PayPal

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submitted by s5ean to microsoftsoftwareswap [link] [comments]

My Mother (56F) is involved in a Romance Scam and is in denial.

This is one of my first posts, I apologize for any formatting mistakes.

My mom is the only person in my family I have frequent contact with, as we are a pretty loose-knit family. I couldn't imagine losing her but I'm reaching my breaking point.
My mother for the past 3 years has fallen in and out of online dating, every man she has met on these dating sites have turned out to be scams, I know of at least 4 scam relationships, though I suspect she isn't telling me about a few.
Regardless I did live with her for at least two of these scams and it resulted in her losing close friendships and even jobs. She fell behind on Rent and we were forced to move into a hotel for a few months until she could get back on her feet.
Her most recent case ended up with her stranded at an airport for a day because a guy she met online failed to show up to the airport she arrived at. And at that point I thought she was well aware of her error and would never fall victim again.
Unfortunately my presumption was wrong, as she is talking to a guy she was scammed by two years ago. When I question her about it she says that "he's changed", and that "it's different" this time. This man's name is "Steven".
"Steven" is stuck in South Africa because he allegedly has a plot of land he has been trying to sell for 2 1/2 years now, and needs money to pay off some sort of tax. And for the past month my mom has basically been a money mule, receiving money from what I can assume are more victims of Steven and cashing the checks she receives, after which she converts the money into bitcoin and transfers it to Steven.
My boiling point was reached when she tried to get me to transfer bitcoin to Steven because her account was suspended. I told her that I was uncomfortable with that and didn't want to do it. She got angry with me and lectured me about how she would do anything for me and I should just do this for her. She asked me all day to do it and I refused every time, she eventually god fed up and said that she would never stick her neck out for me again.
This was two days ago. I can't even begin to figure out where to start with helping her. I've already gone through the process of disproving "Steven"s story, as he refuses to provide an address with the land he supposedly has, the only contact they've had is facetime. I don't know what else to do, she refuses to listen to anyone trying to argue against her about Steven. I've offered to take her to therapy multiple times and she has refused every time. All of the friends she had are gone at this point so I can't organize an intervention. Every time I try to talk to her about it if I even try to question or criticize her actions she claims that I'm judging and lecturing her.
I could really use some advice, I'm at the end of my rope and don't know what to do.
tl;dr My mom is stuck in a repeating romance scam cycle and refuses help from anyone.
submitted by ClubSpecialist to relationships [link] [comments]

How to Get Money Out of Poker sites Using Cryptocurrency. A guide.

I wanted to provide a definitive guide for those trying to find the quickest and cheapest way to get their winnings/initial deposit out of various poker sites through the means of cryptocurrency.
This guide does not recommend cryptocurrency trading and even if you follow all of these steps, there is still a risk for currency fluctuations. It took a lot for me to figure this out and I wanted to pay it forward and help those in the future learn this valuable information. I take no responsibility for the accuracy of this guide, but I will say this is the method I now use. Various state laws can make each step more difficult. However, this method is tailored to the strictest of laws that affect Cryptocurrency issued by New York state.
Ok, so you got some money and want to get it out of a poker or gambling site. Checks are offered, but who has time for that 4 week turnaround on what could be a bad check. So you have decided to get into Cryptocurrency. Here is how the money gets to your bank.
Poker site -> Wallet -> Exchange -> Bank.
1st Step - Getting the money out of your poker account. So you request a withdrawal in cryptocurrency. But which currency? There is Bitcoin (the original), Bitcoin Cash (the fork), Ethereum (New Cool Kid), Tether or Dai (stablecoin) Bitcoin SV, Litecoin, etc.... There are benefits to each currency. Bitcoin is the original and most well known. It is the most traded by far with a market cap (total value) more than all other cryptocurrencies combined. There is also a well established group of people holding bitcoin as an investment to the future. However, Bitcoin also has the most fees and slowest transaction times depending on the fee you pay. Personally I use Ether and Bitcoin Cash. They are based on new versions of blockchain, transfer quickest between wallets and exchanges, and have lower transfer fees. I have not used Dai and Tether, but I will go into stablecoin later.
Step 2 - The Wallet. The wallet is where your money from the pokersite will go. I want to make it very clear. You do not want your money to go from the pokersite to the exchange. The exchange can and will learn it is from a pokersite which can cause you a lot of problems later on. In particular, running a foul of U.S laws and regulations on gaming. So you want the money to go to your wallet. I recommend either Exodus or if you just want Bitcon, Blockstream Green. Exodus though is my go to. You can use it online or through your mobile device. It will automatically scan deposit and withdraw codes for you (this is extremely important so you don't mess up where your money goes). It also has a nice sleek interface and accepts most cryptocurrencies. One thing to point out, Exodus was designed for bitcoin miners at one point who wanted their money out quickly. So, when using bitcoin, it sends and receives your money out as quick as possible using higher fees. You may be concerned by this. However, now you got crypto, lets get it to your exchange.
Step 3 - The Exchange. So there are many exchanges, where you convert your crypto to other crypto or even cash. The three most popular in the US are Cash App, Coinbase, and Gemini. Cash App is easy, if you can set it up. If there is an issue with Cash App, good luck. Their customer support is non-existent (this actually led me to use Coinbase). Basically, you send the money from your wallet to CashApp and then sell the bitcoin in the app. About 20 minutes later the money is in the app and can be sent to your bank. There are various fees, I believe 1.5% to sell the coin, 1.5% to ACH to your account or 1.75% for instant credit to your bank account. I personally use Coinbase Pro. It costs me .5% to sell the crypto. I could then ACH it to my bank account which takes about 5 days. Instead I added another step.
You can link your Coinbase account to your Paypal account. So, when I have cashed out at the cheapest rate at Coinbase Pro, I instant transfer the money to Coinbase and then instant transfer it to paypal. There are no fees for this and there are no fees for Coinbase Pro. Coinbase Pro allows you to do things CashApp or regular Coinbase does not. For example, I held my Bitcoin Cash which came in at 219 and put an order to sell at 230. When Bitcoin Cash hit 230, it sold and I made a couple extra percent return on my money. It was a risk, but wanted to play with a limit order. When the money got to my Paypal account, I instant transferred it to my debit card for 1% fee. I could have ACHed it for free and had the money in a day or two, but I decided to take the quick cash.
Overall, the quickest I have seen cryptocurrency with withdrawals is under 24 hours with Pai Wang Luo Network (Bovada/Ignition) and 3 days for WPN. Once I have received my crypto, the quickest I have been able to hit my account is 1.5 hours.
Now here is the big risk from Cryptocurrency: Currency fluctuation. I have no idea why crypto goes down or up, or why some cryptos go one way while others will go another. General rule, if Bitcoin is up or down, the others are as well. Example: Past 24 Hours (7/5/2020 - 7/6/2020), Bitcoin up 3.1%, Ether 6%, Bitcoin Cash 8.36% Tether -.1%, Dai .68%. Dai and Tether were created to avoid currency fluctuations by tieing themselves to an asset. Tether is "tethered" to the USD. So try one of the those for less risk maybe. But please note, while you have crypto in your wallet and exchange, and it goes up or down, that's your money going up or down.
I hope this helps anyone trying to figure out how to use cryptocurrencies. GL
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Pentagon Documents Reveal The U.S. Has Planned For A Bitcoin Rebellion

https://www.forbes.com/sites/billybambrough/2020/06/10/pentagon-documents-reveal-the-us-has-planned-for-a-bitcoin-rebellion/
Pentagon Documents Reveal The U.S. Has Planned For A Bitcoin Rebellion
I write about how bitcoin, crypto and blockchain can change the world.
Bitcoin has struggled to find support in the U.S. government, with president Donald Trump, along with Treasury secretary Steven Mnuchin, leading the criticism.
Now, it’s been revealed the U.S. Department of Defense has wargamed scenarios involving a Generation Z rebellion that uses bitcoin to undermine and evade “the establishment.”
In the Pentagon war game, young people born between the mid-1990s and early 2010s use cyber attacks to steal money and convert it to bitcoin, documents published by investigative news site The Intercept revealed.
Called the 2018 Joint Land, Air and Sea Strategic Special Program (JLASS), the war game is set in 2025 and is “intended to reflect a plausible depiction of major trends and influences in the world regions.”
The scenario, which echoes recent protests in the U.S. and around the world against racial injustice, involves some members of Gen Z, who see themselves “as agents for social change” and believe the “system is rigged” against them, begin a “global cyber campaign to expose injustice and corruption and to support causes it deem[s] benefi