I will never convert my Bitcoin into fiat again, because it makes no sense at all. Bitcoin is sound money, not subject to centralized control and inflationary devaluation. Fiat money is a debt-based scam, fully exposed to the lunacy of monetary policy by central banks and fully exposed to capital restrictions by governmental control freaks. So, Bitcoin is simply a vastly superior form money. Anyone converting Bitcoin to fiat is out of his/her mind.
I hold my Bitcoin to spend them on my future necessities. I really hope that there will be an increasing number of businesses that will accept Bitcoin directly - which means without intermediary fiat conversion. That would be the precondition for me to pay with Bitcoin.
ya.ya.yo!
I respectfully disagree with you. Converting bitcoins to fiat money has its own disadvantages, but it also opens new possibilities and potentials for students like me who use it as an alternative source of income. As a student myself, I mainly use bitcoins to help my family ease up their expenses by using my own money for my own use instead of asking it to them. You may be right about fiat money being controlled by the government and the central bank but I have my reasons for converting it.
I disagree with yayayo too, converting bitcoin to fiat helped me and my family a lot.
Maybe you see fiat money as scam, but that scam i use to pay my bills man. Can you pay your bills with bitcoins? I am sure you can't. Convert all your money to bitcoins and you will probably starve to dead in almost every country in world because you can't buy food with bitcoins.