Now show a Bitcoin chart from the past week.
you can talk theory while i'll take the chart showing movement over the past 103 years. with inflation we generally get paid more so it's not exactly a apples-to-apples comparison.
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.Current companies that accept Bitcoin:
https://steemit.com/bitcoin/@steemi...nies-that-accept-bitcoin-and-cryptocurrencies
Here is a recent adopter - http://www.newsweek.com/dallas-mave...ptocurrency-2018-nba-season-mark-cuban-783330.
Its service is that is an un-hackable ledger that exist on a decentralized network. It's history shows slow but steady adoption, increasing value, money being spent on computing, exchanges and research. I agree it will have to stablize a lot, I think we will see an over reach of regulation, another decrease in the market when that happens then acceptance. I'm going to sit on my coins for easily 5+ while the crypto verse grows and learns.
Wages have not kept pace with inflation (unless you're in the higher income brackets).
Now show a Bitcoin chart from the past week.
I don't why you are still trying to **** on these coins. It's an investment for most people, and it's very profitable.the value of the USD has change 23% of the past 48 years, which includes inflation, growth, printing more money, etc. That's a change of .004% per year over 48 years.
BTC has gone down 13% since yesterday. It's not a currency. it's an investment that won't get mainstream use because until the price stabilizes no one will spend it on tangible goods. and because no one is spending it on tangible goods the price will go up from people buying it waiting for others to spend it on tangible goods. there needs to be a central authority to put a floor or ceiling on it to give stability. it's that simple.
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 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.I don't why you are still trying to **** on these coins.
I don't why you are still trying to **** on these coins. It's an investment for most people, and it's very profitable.
The initial idea of the coins was to be a currencyI 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.
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).The initial idea of the coins was to be a currency
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.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).
if you have coinS why not sell them and cash out and rebuy with the decrease?
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).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.
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).It may be an investment, but for every seller there needs to be a buyer. There's a direct 1:1 relationship. For everyone who bought at $100 and sold at $20,000 there was someone who bought at $20,000 and is sitting on incredible losses.
And it may be an investment, but what are you buying? This is a serious question. What are you investing in that give the BTC value? No product or service is created to add that value. It's more akin (right now) to trading baseball cards and beanie babies than AAPL and XON or even traditional currency trading.
People can sink as much money as they want to into it - I don't care - but to say it's a currency that is better than what we have is a lie.
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).
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.