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Originally Posted by MOJO_ERASER
Did you experience any issues with losing value from the time bitcoin was issued till deposit? What about fees? And how do you resend the bitcoin back to your checking account?
Nope, I actually gained about 2% on my cashout from the rise in BTC value, but this could in theory, go the other way too. You do pay a fee(1%) to go from Bitcoin to USD with wallets like Coinbase(which is what I use).
if you are worried about the volatility of bitcoin price, you can minimize the risk of losing value by making sure to check your email/wallet as frequently as possible once you've requested your cashout. The key is to immediately convert your BTC back to USD reducing the time your funds are subject to BTC price fluctuations. although for the last 5 years or so bitcoin has done nothing but rise in value and at the same time, become less and less volatile.
don't fear using BTC for this purpose...worst case these days is that you time your cashout in the middle of a slump and lose a few % in value.