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[–]yetanotherone_sigh 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (6 children)

Is... it possible that he doesn't know? Or doesn't know how to turn bitcoin into cash? Or doesn't have access to the wallet any more?

The only feasible reasons I could think of.

Wait, thought of one more. He had a lot of payment processors refuse to do business with him. Maybe he's blacklisted from the ability to do banking and somehow cannot turn bitcoin into money.

[–]bobbobbybob 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (4 children)

kraken.com

bitcoin is easy to sell. you could even do a private deal

[–]Intuit 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

Just buy some precious metals from a major dealer like APMEX.

[–]bobbobbybob 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

thanks for the extra info

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Do some price comparisons before buying precious metals. I haven't looked in a while but JM Bullion was a better deal than APMEX last time I ordered.

[–]yetanotherone_sigh 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

I'm saying something more fundamental. Some people are locked out of the banking system entirely, due to bankruptcy, a high number of bounced checks, fraud, or other reasons. He might not be able to function in society. If he used kraken or even did a F2F deal, he'd still have to go to the bank at some point and deal with that.

Supposition. We may never know.

[–]christnmusicreleases 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

Impossible.