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Yes and no. If you wanted to cash out, you would have to find someone who wanted to buy in or who wanted to trade something for bitcoins.For example, last night I was posting something on Craigslist and it now has an option to check a box saying crypto currency accepted. So if you had the equivalent amount of bitcoins, you could "cash out" by trading them for my motorcycle.
Yes and no. If you wanted to cash out, you would have to find someone who wanted to buy in or who wanted to trade something for bitcoins.
For example, last night I was posting something on Craigslist and it now has an option to check a box saying crypto currency accepted. So if you had the equivalent amount of bitcoins, you could "cash out" by trading them for my motorcycle.