Quote:
Originally Posted by oldjudge
If an auction house takes bitcoin and such I assume they convert it as soon as they can. They are in the business of providing a platform for sales, not in speculating in cryptocurrency.
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True - most likely converting pretty soon after accumulation. That said, I'd be really surprised if AH's took anything other than BTC or ETH.
And not to get off topic too much, but crypto as a technology is NOT speculative. Some elements certainly are but Bitcoin, Ethereum and some are NOT! Think 1998 - 2002 and the entire dotcom bubble..... boy did Amazon boom and bust.... Bitcoin is better, the entire crypto ecosystem is more important that the internet of the 90's.... we are in early times.
I'll be selling some of my vintage collection and unopened wax here in the coming weeks - these are historic times!