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Anybody: Bitcoin/Crypto?

By CJS following x   2018 Apr 5, 12:28pm 6,566 views   332 comments   watch   nsfw   quote     share    

I'm heavy into the crypto game this year is any else?

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321   Newbie123   ignore (0)   2019 Jul 18, 11:05am   ↑ like (0)   ↓ dislike (0)   quote   flag        

It’s easy to call something a scam. But it’s not easy to prove that there is a scammer behind it.
Let’s see if he ever answers the question. My bet is he will just switch and say, it’s a Ponzi scheme. Without mentioning who is at the top of the ponzi.
It was briefly a trainwreck, earlier today.

If that’s the best you bitcoin haters can do....
323   Onvacation   ignore (4)   2019 Jul 18, 3:11pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Newbie123 says
How can it be a scam if nobody is actually scamming others?

If you don't know who's getting scammed it might be you and the HODLers
324   CBOEtrader   ignore (5)   2019 Jul 18, 3:29pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Why are you still engaging? I blocked that oddball . His input is useless
325   Newbie123   ignore (0)   2019 Jul 18, 4:07pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

I love your sense of humor.

So, let’s figure this scam out together. Me, as a bitcoin buyer, I am the one getting scammed along with all HODL’ers. The scammer is the seller (and all other sellers) who sells it to me (and the HODL’ers). So when I sell, I become the scammer? Is that the story here?
326   Newbie123   ignore (0)   2019 Jul 18, 4:11pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

I think you are right CBOtrader, I’ll set him on ignore and the wookie.
327   WookieMan   ignore (3)   2019 Jul 18, 6:05pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Newbie123 says
I think you are right CBOtrader, I’ll set him on ignore and the wookie.

Awwww, can’t handle the truth. Good call in December of ‘17. Solution, ignore someone. lol.

Take the time man, I’ve got wrong shit I’ve posted on this site. Cool part is I’m a man and can admit when I’m wrong. (You can log back in now - lol)
328   HonkpilledMaster   ignore (5)   2019 Jul 18, 6:21pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Onvacation says
They call it a currency but it costs fees to use. It's price fluctuates so wildly that it is hard to calculate exchange rates. And it is slow compared to REAL currency or credit cards.

The transaction costs are obscene. Nor is it immune to government intervention/seizure or, increasingly, hackers:

And this wasn't the first multi-million hack of crypto.
329   Newbie123   ignore (0)   2019 Jul 18, 6:57pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Transaction costs are very low. For certain cryptos it’s near zero. Did you not listen to David Marcus talking about Libra at the congressional hearing? Libra for instance will be free peer to peer and very low cost otherwise.or look at xrp. you can transact xrp at nearly zero cost.

As far as security goes, yes there are exchange hacks. You would be silly to keep your crypto funds on an exchange. You simply hold your crypto on a hardware wallet. If you keep your private keys on a hardware wallet nobody can seize it or hack into it (its a cold storage/offline).

Governments can’t do anything against bitcoin. You heard the congressmen (or not) / it was mentioned several times. Bitcoin is fully decentralized. No chance to bring the network down. It’s brilliant. Why do you think bitcoin ran without interruption for ten years?
330   Newbie123   ignore (0)   2019 Jul 19, 7:17pm   ↑ like (0)   ↓ dislike (0)   quote   flag        


Bakkt is supposedly starting this quarter!

“Bakkt could be a huge catalyst for institutional participation in the crypto market.”

“Bakkt hosted an institutional summit this week at the NYSE, whose parent company ICE is behind the bitcoin futures exchange. Based on the anecdotes from that event, things are looking quite bullish for bitcoin in the latter part of this year.”
331   Newbie123   ignore (0)   2019 Jul 20, 9:03am   ↑ like (0)   ↓ dislike (0)   quote   flag        


“If its application is successful, Fidelity Digital Assets (FDAS) would be cleared to add New York to the handful of states in which it currently operates its custody business for digital assets.”


“Fidelity Digital Assets also now joins the likes of ICE’s pending crypto platform, Bakkt, which has also applied for a NY trust license to be a qualified custodian to store the bitcoin underpinning its futures contract. ”
332   Newbie123   ignore (0)   2019 Jul 21, 4:07pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

They could have given their rectum a break if they would have bought bitcoin instead. Gold can be a pain in the butt.


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