Now show a Bitcoin chart from the past week.
Cryptocurrency
- Thread starter Playboi Carti
- Start date
Now show a Bitcoin chart from the past week.
Wages have not kept pace with inflation (unless you're in the higher income brackets).
Pretty sure both Steam and Microsoft pulled their BTC support recently. Not sure on Newegg. Past that, the only large retailer left there is Overstock... That's not market confidence by any stretch of the imagination. I can't say I'm surprised that Cuban bought into it, considering his internet background.
The ledger is never the threat of being hacked, it's people's wallets that are the threat (which, I mean this is comparable to having a credit card stolen -- it's always a present threat). Considering how poor the average person's sense of computer literacy and data security skills are, I think it's going to be a long, long while before we're replacing USD with BTC.
so the solution to that is have people put money into a decentralized system they don't understand that has wild price swings?
i'm being 100% serious
I'm not a promoter of bitcoin. I certainly don't care for it as an investment. I am interested in options.
I don't why you are still trying to **** on these coins. It's an investment for most people, and it's very profitable.
What bitcoin and other cryptocurrencies are telling us is that the market needs another option, especially with massive monetary interventions/manipulation post-2008. I don't know that this is THE solution, but a solution is needed.
I think he's trying to dispel the idea that it's "currency", because it's simply not (in this current state, at least). This is not something the average nobody should be buying into without any knowledge or understanding of the absolutely astronomical risk involved... The same rules which apply specifically to investing. Currency cannot function with this degree of volatility.
Because it sounds like you're pumping (NOT promoting) the things. Someone said it earlier - these are nothing more than scratch tickets at this point in time.
That's too damn bad, 'cuz that's not going to happen based on what they've turned into... Without some sort of massive pivot in operation (which, of course, can't happen... because there's no oversight).
It can still be used as a currency(peer to peer transaction service), but the price of the coin and network fee make it hard.
I prefer to hold rather then sell and buy the dip. I think if I could devote more of my free time then I would sell and buy the dips or at least set up buys on exchanges for when certain coins dipped. Everybody has a different strategy though, and I certainly have had to learn an insane amount since I started getting in last March
I know, but you can't actually buy anything with it. You can just give it to people, basically no retailers can or will take it. That kinda makes it hard to use in a functional manner outside of just trading it like stock amongst other investors (and cashing it back in to USD at the end, anyway).
Good thing this market is still growing. Sure I'm buying a coins that I can't touch, see, or smell but there is a value to it or else bitcoin wouldn't have a market cap of over $300,000,000,000 (at it's peak).
exactly - and companies grow by increasing profit. that growth is reflected in dividends to me as a shareholder or an increase share price. by owning the shares I get an actual usable benefit that can affect my daily living. BTC does not provide that.
There is value to Swoop the Pterodactyl too, else he wouldn't have a market cap of over $25 (at its peak).
How about the value of Bear Sterns, one of the largest investment banks ever.
Again, hate on this all you want. Check back in a month I'll let you know how my portfolio is doing. I've already made $200 simply buying and trading coins.There is value to Swoop the Pterodactyl too, else he wouldn't have a market cap of over $25 (at its peak).
How about the value of Bear Sterns, one of the largest investment banks ever.
