So I am brand new, and I am looking for things I have that I can sell to get a crypto wallet going. I have a motorcycle that is worth $4000 that I would like to sell in crypto to start a wallet. I am ignorant right now. If a bitcoin is worth roughly $6000 tonight, how does one sell a item is worth less then $6000 in bitcoin if the item is $4000?
Frank
Bitcoins are divisible, hence if you are selling an item worth $4,000 that means it would be sold for 0.667btc (price of item $4,000 / current price of btc $6,000).
Best is to post your item on the goods section and place all relevant details like,
1. Where the bike is located. (it would be impractical to sell the bike to someone in asia if you are in the US, right?)
2. Model and make of the bike, year, mileage, and other info about it.
3. Terms of payment (likely straight up bitcoins in your wallet)
4. How bout papers? How will the papers be processed?
Things like those, it would be like a normal contract just that it is paid in bitcoins at current prices.