Apple Co-Founder Steve Wozniak Sells His Bitcoin Stash

bitsonline.com/steve-wozniak-sells-bitcoin-stash/

>Steve Wozniak, the Silicon Valley celebrity best known as co-founder of Apple Inc., has revealed that he sold all of his bitcoin holdings at the Nordic Business Forum in Stockholm. In a Q&A session with American author Seth Godin, Wozniak said: “I don’t want to be one of those people who just watches the numbers.”

>In the past, the technology entrepreneur disclosed that he had purchased the digital asset “out of curiosity” when a single coin cost $700 USD. At that time he said: “I was just playing around trying out how to buy and sell stuff and I didn’t care I lost a ton of money, but now I’m way up.”

>It seems Wozniak did enjoy the bitcoin frenzy for a while, following the highs and lows of the cryptocurrency. However he soon noticed price movements were bothering him and building up worry. Wozniak, nicknamed “Woz”, then said he cashed out his holdings when BTC hit its $20,000 milestone in December 2017.

>BusinessInsider reported that Wozniak has never taken much interest in money matters — including trading Apple stocks. Last year, he compared bitcoin to gold and the U.S. dollar, where he marked USD value as “phony”, as the government can always print more and more. Additionally, he declared cryptocurrency to be even better than gold, as gold does not necessarily have a fixed supply. On the contrary, bitcoin has a fixed supply of 21 million coins.

So even the shills, who called Bitcoin "even better than gold", were into it just for quick profit. So much for this "revolutionary" technology...
And I mean, it's ok to want make money, but why all the bullshit?

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You can't sell bitcoin, there is no way to turn bitcoin into real cash again you fucking dumbasses. You might as well use monopoly money.

He needs a marketing man to manage his sales
Oh wait...

what is coinbase?

Bitcoin lost half its value. Vanessa Hudgens had a five o clock shadow on her muff.

I don't know? Can I sell bitcoin on there and then have the exact amount sitting as hard cash on my table? Without losing 30% in commission?

>selling at 11k
AHAHAHAHAAHA WOZ YOU PERPETUAL FUCKUP

>then said he cashed out his holdings when BTC hit its $20,000 milestone in December 2017.

The best and brightest are headed to Japan, I see.

Err the sydney btc meet does 100k deals every meet at market price with no fees/commission other than tx

gig is up senpai

retard, show me one stock where commission is not involved. BTC can be cashed out,

All right so the only way to turn bitcoin into real cash is to go to Australia to some meet up to sell it to some other bitcoin morons who are dumb enough to pay actual money for it.

That's about $4000 in flight cost and maybe 200 for a hotel, don't forget food and the time I lose from not being at work. So about a $5000 loss.

You can't turn bitcoin into real cash. It's an unregulated Ponzi scheme.

You're dense. There are groups all over the world, there will be one in whatever your nearest city is.

Nigga you can buy stock commission free in like 5 mins on your phone. Nigga that shit is also insured by the government my nigga what the fuck are you doing?

That's like saying " you can turn trash into money, all you have to do is find someone who buys it! " no fucking shit you can do it that way, but there's no actual way to sell it and get your exact moneys worth on the spot, if I want to sell a stock I sell it, if I want to get cash, I go to the ATM. Crypto currencies are unregulated trash and you dumbasses are falling for that seriously pathetic. European Central Bank will never allow that shit to become a strong currency on the market, just like China, it will be a banned. And I can't wait for you fuckers to start crying about it

You smell like a filthy nocoiner. Do yourself a favour and buy some XLM while it is still cheap.

Retard

>Steve Wozniak got into bitcoin at $700
How the fuck can a nerd that big be that far behind?

point me in that direction. No chance that there is no (((fee))) associated with transactions. You have an extra chromosome if you do not understand that.

shitcoin and all other memecoins are literally decentralized pyramid schemes

falls apart the moment it runs out of suckers willing to waste their money

typical english teachers

Go ahead, blow your money into sites that will reward you with numbers that are completely useless and have nothing behind them other than hype

colonial scrip was destroyed for a reason and those same people are trying to do the same with crypto. They know that it gives freedom and prosperity so shill like you want to destroy it and keep the masses under the fake fiat control system.

ITT justifying a pyramid scheme

Really, it has paid off my car note and will be able to pay off my mortgage shortly, all thanks to cryptos. Sour that you missed the boat,

You can cash out in Switzerland at SBB stations.

all the people shilling you to buy bitcoin just want to cash out. they can't cash out unless there are people to buy

What the fuck germany? If you don't like it, don't invest. Stop being a whiny faggot.

If you install Windoze, you could end up as raycist
i.4cdn.org/gif/1517122582611.webm

It's better if its decentralized pyramid scheme than centralized pyramid scheme like all the FIATs.

Changed your flag too. Jesus christ GTFO my internet.

Nu-Sup Forums really is cancer
Nocoiners are the lowest form of trash

why do you no coiners keep repeating this bullshit?

Everything is a pyramid scheme you idiot. How are stocks any different?

HAHAHAHAHA!!!!, cryptofags got WOZZED!!!

the jews plan the crashes out better

>they can't cash out unless there are people to buy

that finance degree wasn't wasted on you

BC is a crypto Ponzi scheme

Did you go to that Australian meet up to cash out your crypto? Did your car dealership and bank accept bitcoin?

Stop Larping, you are 20 years old at the most.

And even if you did make that much in crypto currency, you cannot cash it out at the same price as I have stated before and there is absolutely no way in doing so without losing at least 30% to it in commission.

I'd love to laugh at all the coiner faggots when Satoshi Ponzi pulls out the plug from the server and all buttcoins disappear.

Oh those sweet coiner tears will be delicious!

If you buy it as an investment you are a retard...bought for 200€ at the beginning of 2017 and i will hold it even if it goes down to 0,1 €
I just bought bitcoin to fuck off kikes and globalists with their own weapons
Bitcoin is an ideological investment, no greedy ultracapitalist investment. If you havent understood that you have understood nothing
German government already lost 170 millions thanks to bitcoin...that is the reason everyone should buy bitcoin...fuck those liberal muzzie cocksuckers and their refugee programms

Go prep the bull. You're too stupid to be posting online.

>invest

There is no investing going on here, all you are doing is gambling. And it's not even real gambling, because when you gamble you can cash out what you have, for example chips at a casino or a bet on a online bookmaker. All you do is throw your money at these sites and hope for the best, it is so fucking retarded

Then come up with an answer to how you can actually turn crypto currency's into real cash without losing a shit ton of it to commission. None of you bitcoin retards can do it

>i bought bitcoin to fuck the globalists
>i bought into an american ponzi scheme and sent money overseas with nothing in return to counter the globalists

Do you people hear yourselves speak??

What choice do i have ? Give the money to our state knowing he will invest it into refugees, the european union and feminism or invest in a system which is at least slightly better

There is no good choice...but one choice that is 100% dumb and one that is 90% dumb

>what choice do i have?

Maybe the choice of not pissing youre money in something that is completely worthless on the free market and can never be cashed out again? Christ you people need to catch some air and go outside for once.

>every time the market starts to tank the same thing happens
>oh no we've got a backlog of orders! We better close down trading
>magically the owners of trading sites always get their trades through before everyone else's
>somehow the owners never lose money on their trades
>bbbbut it's not a scam, goyim!

Really gets those almonds burning

A nerd with funding too! Not average neet status

Pump and Dump

You're fucking retarded
What is coinbase?
What is quadriga cx?
Not to mention the many online stores that allow you to pay with BTC

>fatass lard has weak hands
quelle surprise

Keep listing random websites that allow you to trade bitcoin into other cryptos with ridiculously high commissions...

Some dumbass claimed that he paid off his mortgage and car with crypto, I guess he bought all of that on Amazon?

The only way for me to turn my bitcoin into cash is to buy a whole bunch of shit on Amazon and then resell it at half the value?

I hope you coiners are converting that shit into real things of use. Reminder that the real currency of the future will be bullets and guns. Gold is fucking worthless.

Yeah, but you cannot dump it into cash, only into other retarded Cryptos

How can you compare owning part of a company like Apple or Microsoft with being like a pyramid scheme?

Is buying a house a pyramid scheme?

Maybe in Europe where the government ties your shoes for you . Most civilized places have exchanges where you can you know uh exchange currencies?

Retarded. Then gold is a Ponzi scheme by the same logic

everyone just wants to sell for "evil" "shitty" fiat

Bait or are are Germans this retarded? Or are you one of the "new Germans"?

How do you think the person who bought his coins at 20k feel?

>Gold is fucking worthless.

yeah.... but jews want that shit real bad for some strange reason, and they really seem to be on top most of the time so that should tell you something...

go back to /biz/ shill. SAGE ALL SLIDE THREADS

THEY TOLD ME BITCOIN WOULD GO UP FOREVER

I TOOK OUT A MORTGAGE ON MY HOUSE AND WENT IN 20x LEVERAGED NOW IM BANKRUPT

HOW AM I GOING TO SUPPORT MY WIFE AND HER THREE SONS NOW??

Server? These are jokes from you?

Why is it that all you crypto faggots always resort to le no-coiner meme and "are you retarded?" Instead of giving me a legit answer to my question: how do you turn crypto currency into real cash on the spot without any significant losses through commission? You can't, it is so predictable and fucking pathetic

It will go to 100k easy

I don't know about Germany. In Canada there are exchanges where you can buy and sell bitcoin with Canadian dollars. The exchange fee is like 0.5% of the traded value. If you sell your bitcoin for Canadian dollars, the exchange will wire that money to your bank account when you withdraw it. Before you withdraw any standard currency, it usually exists on the exchange as it would exist in another online bank account

/Biz/ here, buy link. It's gonna moon, seriously $100 eoy. Definitely finishing in the top ten, maybe not the top 5 though.

Sergey is gonna make us rich! Why do you hate money user?

There are going to be obvious fees for exchanging any currency, that's not avoidable unless you spend the time and sell / buy in person, which some people do

I was about to buy some Link but your post made me doubt that decision honestly. Good job!

shh brother. dont let them know.

>I don't understand how transactions work
Oh Germany, how have you fallen.

Give me a quick rundown

I recommend investing in knee pads

I see lambos in our futures

So when someone is selling you a bitcoin and receives dollars in exchange, you're saying those dollars don't exist?

Why will link moon?

No, that money simply disappears.
Transactions absolutely do not work both ways

When the person who sold the bitcoin later looks at their dollar it will only be 70 cents because bitcoin's value has dropped 30% in the meantime.

Meme magic.. Don't think, just believe. Biz will give you a bogdown

Market cap of bitcoin is 200 billion. Total cash inflows since 2009 is around 6 billion (per a recent jp Morgan study).
Good luck finding cash

Well first you tell me where and how and at what exchange rate and how much time it takes , then we'll talk

I currently have a 2% commission fee on my stocks, and a 0% commission fee on my bank account when I cash out, and i can do so anywhere i want at an instant for the same value. You name me one place in the market where this is possible with bitcoin, Hell, even where it comes remotely close to these numbers. You can't.

>you can't sell bitcoin
>there is no way to turn bitcoin into real cash again
>get told otherwise
>b-but how much do y-you have to wait?
>b-but what's the e-exchange rate?

Moving the goal posts to the fucking moon, this guy.

He didn't tell me a fucking thing, he just told me how a basic exchange works, it could be fucking rocks and sticks or soda cans, not crypto currency's. Quit bitching and answer the question

In Canada it takes one business day to withdraw to a bank account. That isn't the issue with bitcoin though, we have a piss poor system for sending money to people. Bank wires which take a day or two more don't charge any fee.

>go to crypto exchange site
>sell cryptos for real money

You can search things you don't know about on this amazing search engine called Google. Give it a try.

Coinbase small fee any amount 3 days to clear ACH you fucking idiot

If your outside US you have more options like kraken and Gemini

You sell your bitcoin for Canadian on the exchange, and withdraw that.

All the major BTC-USD exchanges have under 1% transaction fees (between 0.2% and 0.5% depending on the platform), and between 1% and 5% withdrawal fees - nowhere near the 30% that you pulled out of your ass Alternatively you can use p2p platforms like localbitcoins where there aren't any fees whatsoever.
I wonder what strawman you'll find to bitch about next.

...

The exchange rate is as variable as every single currency exchange is.
With the blockchain's seemingly infallible reliability, a transaction could go way faster than one with dollars at a normal bank.

You realise that if you buy a bitcoin, there has to be somebody selling it, right?

Still a ways to go then.
Do you happen to know if they (JP Morgan) worked out how much of that inflow is down to mining rig running costs, or would such a thing be a cost that's subtracted from the inflow?

No, the dollar's value would be a relative constant, changing with inflation and public demand.
Bitcoin wouldn't. Not as long as it's exploited as a get-rich-quick scheme by speculants.

It won't.

What is the point of bitcoins as currency if everyone just wants to sell it for real world money?

Any stock worth their saly pays out cash dividends. You own a fraction of a company ang get paid your fraction of the profits.

Tech companies lije Amazon are ponzi schemes but only because there will always be a segment of the population addicted to gambling and getting rich quickly.

I must've just imagined cashing out and I guess the money in my bank account and the stuff I bought and the bills I paid with it were all in my imagination as well.

This niggas addicted to Yous

>he just told me how a basic exchange works
No, he was pointing out the stupidity of your statement that somehow it's impossible to sell Bitcoins for fiat, but it is possible to buy bitcoin with fiat.
You understand transactions go both ways right? You understand that every time you buy bitcoin from another person, that person just "cashed out", right?
The fact that you don't even understand transactions on a conceptual level shows you've got no place in this debate.

A huge amount of real commerce takes place using bitcoin and other cryptos. A lot of it is from people sending money abroad and avoiding taxes.

There is not a single website or service provider that will let you exchange bitcoin at a 1% fee as you stated, you will never be able to send a bitcoin somewhere and then end up with cash on your bank account without gigantic losses and commission. If that's the case please link me to a website where that is possible, you can't.