FruitOfTheVale
Superstar
i know about cryptocurrency as far as blockchain tech and the economic implications, but from your brehs experience/s how quick is it to sell and what's the process of selling/converting bitcoin to fiat currency? i've had a kraken and coinbase account sitting around for a while and looking to finally get in once i have a little bit of disposable income (i'm a college student)
Converting bitcoin to fiat is simple, coinbase for example does a money transfer directly to your bank account.
Moving gains between various exchanges on the other hand can be a little tedious. Buying and selling one alt coin to another is simple, you sell your holdings for bitcoin or ethereum and buy holdings in another alt coin with your bitcoin/ethereum.
With the new tax code though I'm not sure it's gonna be so simple anymore to trade alts