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All refined metals including silver and gold have intrinsic value. They take manpower to create and they can be used to make beautiful and useful THINGS.
Happy Father’s Day! And bitcoin holding above 9k :)
would be stretched 50000 times over if gold backed transactions, making it effectively just as fiat as cryptos with far more limitations.
Happy Father’s Day! And bitcoin holding above 9k :)
Facebook should have visited this blog before working on a cryptocurrency. Very smart people here could have told FB that a cryptocurrency is just 0’s and 1’s,
tulips are better
crypto is just a scam/ ponzi and that it will go to zero
Newbie123 saysFacebook should have visited this blog before working on a cryptocurrency. Very smart people here could have told FB that a cryptocurrency is just 0’s and 1’s,
From your linked article:
"invite people to pay directly for goods and services within the app using Libra[ Facebook's proposed crypto]. In doing so, Facebook would be able to glean new data about its users’ shopping behaviors—and how to better target them—potentially generating more revenue through advertising."
People that trust Facebook deserve to get their "wallet" picked. Zuck wants in on this scam.
What are the advantages of crypto? How can users be anonymous AND have a record of all transactions? Is there really an advantage using crypto vs credit card for online transactions and if so what?
@Newbie123 I know you don't answer questions.
As a software engineer I have a good understa...
Weird.... Facebook should have visited this blog before working on a cryptocurrency. Very smart people here could have told FB that a cryptocurrency is just 0’s and 1’s, that tulips are better and that crypto is just a scam/ ponzi and that it will go to zero.
I am not reading through all your comments but it seemed like it triggered you well ;)
Also Libra will be competition to bitcoin.
Why would anyone want to send money within seconds?
At least you have intrinsic value with tulips. You can touch them. Don’t you know that crypto is going to zero? All ponzi’s go to zero.
If you hold bitcoin (like me)
Bitcoin is going to zero
What have you bought with bitcoin currency?
They will be back when big daddy retraces, gaining new hope that it might go to zero soon.
Rofl, you pray daily that it will go to zero :)
I will share details when I sell my cryptos and the fiat is in the bank or spent on more real estate. Guessing we will top out within the next two years.
the def of a pyramid scheme
bitcoin is a pyramid scheme!
it’s a ponzi/pyramid scheme/scam/whatever and you are not going to put money in it. I have zero problem with that. I have a significant amount of money in it.
Libra, the Facebook crypto coin, is establishing credibility and legitimizes the crypto industry.
Bitcoins roadmap 2019
Weird, why would they use just 0’s and 1’s? They’d be better off planting some tulips. You can touch tulips at least.
Green suggested that Dublin’s SLP token might also be used to digitize the cities already existing physical tokens. In the past, there have been many local towns or city-issued barter-like systems such as Ithaca New York’s ‘hour’ currency and in Massachusetts there’s Berkshire bucks (Berkshares). The Ithaca hour is actually the oldest and largest local currency system in the U.S and hours are used for town bartering, discounts, and other economic interactions. Berkshares or ‘Berkshire bucks’ in Massachusetts is a local currency accepted by 400 local merchants in the mountainous Berkshire region.
Of course you cannot ban bitcoin. Where would you even send the letter to? It’s fully decentralized.
Who is Bitcoin's least favorite rapper?
decentralized cryptocurrency like bitcoin.
I can see the Sheik’s already....they own ten lambos but soon they will brag about how many bitcoins they own along with their cars, wife’s etc. :D
Its another asset class, a store of value, a digital gold.
Obviously, bitcoin is not just going to zero and become irrelevant
soon they will brag about how many bitcoins they own along with their cars, wife’s etc. :D
What can bitcoin PRODUCE?
As we know bitcoin is deflationary and increases massively in price over time.
I read today:
“They warn that bitcoin is used by criminals, but it's actually our best tool against them.
BUY bitcoin, BYE banks.”
I am kidding. I am not advising anyone to buy bitcoin. Buy stocks, gold, silver and tulips instead ;).
Today’s hearing. FED chairman Powell: “Bitcoin is a store of value. Like gold”
You also haven’t given any information on your positions, when you’ve bought, how much you hold, etc. Just childish YouTube videos and links to piss poor articles.
If that’s the case than why did Jerome Powell call bitcoin “store of value” and not “snake oil”?
my strategy is dollar cost avg and buying the dips.
The FED chairman Jerome Powell seems to disagree with you on that. He called it a store of value in yesterday’s hearing.
Many describe bitcoin as digital gold.
Will it become part of the average investment portfolio in the near future?
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Hi guys,
I'd like to start a conversation on crypto-currency, particularly Bitcoin.
What do you all think about it from an investment point of view today? I have some buddies in the finance world who are quite bullish on it and claim we are just scratching the surface. Judging by the recent performance, they may be right.
For people who are investing in Bitcoin, what are you using to invest and what recommendations do you have for a new investor?
Also, how are gains taxed compared to typical stock market gains?
I read this week that over 100,000 merchants in the USA are accepting Bitcoin today.
At the same time, digital currency does scare me a bit as it seems so abstract. Curious what PatNet thinks.
Thanks guys!