NYEXPAT
Thinks s/he gets paid by the post
I don't understand Bitcoin (at all). Therefore, I have some very basic questions.
1. What is Bitcoin cash?
2. How do you sell, let's say 2 Bitcoins, and can you get actual dollars (real money you can spend at Kroger's) for them?
First, I forgot to mention that he has about $92,000 in Bitcoin Gold as well!
1. Bitcoin cash- As a result of the "hard fork"in October a holder of 1 Bitcoin received 1 of the new crypto's Bitcoin Cash. Again in November there was a "hard fork" and he would have received 1 Bitcoin Gold for each Bitcoin he held.
B-Cash trades at about $1700 or so.
B-Gold trades at about $308 or so.
2. You would sell them on your local exchange and the USD. would be deposited into your bank account. Alternatively, you could go to your local Tesla dealer and just trade them for a new model S, or buy a sh$tload of video games online.