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I'm glad you got your money out at the peak!
Full of shit or dumb as f.
The greater fool theory supports the principle that there will always be a 'greater fool' in the market who will be ready to pay a higher price based some 'un-justified' valuation for an already over-valued asset. The new estimate might be based on a higher irrational multiple for the asset.
How about this ass_hat @FuckCCP89Better post another pic but do it slow his light is dim if not out completely.
'greater fool'They're out there: https://www.motor1.com/news/141975/hot-wheels-antiques-roadshow-find/
Onvacation says'greater fool'They're out there: https://www.motor1.com/news/141975/hot-wheels-antiques-roadshow-find/
Hackers, drug dealers, tax evaders, money launders, etc. all love Bitcoin and cryptocurrencies.
Don't put your hopes on Walmart, Amazon, etc. ever accepting Bitcoin and cryptos.
Not just them! Square, Paypal, Microstrategies, hedge funds, premium pornhub users, billionaires and myself love Bitcoin too. Even Life insurance companies!
Walmart/Amazon....I wouldnt want to spend a single Satoshi on it! I want to hold that digital gold since it appreciates in price! Dont spend your precious Bitcoins!
Ad, sorry, I think you missed what I said. Happy to repeat:
I wouldnt want to spend a single Satoshi on it! I want to hold that digital gold since it appreciates in price! Dont spend your precious Bitcoins!
1
tell us it will go to zero?
G36 says
Not only I ask how secure are bitcoin from being stolen but how liquid is it ? How easy it is to cash out bitcoin or use bitcoin in order to buy groceries, gasoline, healthcare, etc. ?
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security: If you hold your private keys (hardware wallet/not leaving it on exchanges), then it cant be stolen virtually. Obviously, someone could break into your house and steal the hardware wallet. They would then need to know your passwords in order to access it.
In the meantime you can recover your coins with the recovery seed. I keep my hardware wallets in a secure place and the recovery seeds in a different place.
how easy it is to cash out: I dont know how many different ways I can tell you this. I have no interest in spending my precious Bitcoins as they have been increasing in price tremendously since November when I bought two. Why would I want to spend them today if they are worth more next month?
To answer your question though: As long as you have done your KYC (know your customer) requirements you can sell to USD instantly 24/7 and move from the exchange to your bank account. You can do that on all the US listed crypto exchanges as long as you met the KYC requirements.
The exchanges need to follow federal law and make sure trades in USD or withdrawals in USD are done by people that provided their social, address, birthdate etc.
G36 saystell us it will go to zero?
Links?
WookieMan saysG36 saystell us it will go to zero?
Links?
yep, this should be added as a funny comment
going to zero and it being worthless isnt the same?
how easy it is to cash out: I dont know how many different ways I can tell you this. I have no interest in spending my precious Bitcoins as they have been increasing in price tremendously since November when I bought two. Why would I want to spend them today if they are worth more next month?
I asked you how much liquidity is there or how easy it is to cash out of Bitcoin. Answer the question, boy.
You can use the Cash App from Square to buy Bitcoin. Looks like fees are a little less than 2%. What's in your wallet?
EBGuy says
You can use the Cash App from Square to buy Bitcoin. Looks like fees are a little less than 2%. What's in your wallet?
Okay, can you sell Bitcoin and convert to US dollars using Square ? How easy is that compared to buying Bitcoin ?
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bawahahahhahaahah. Merry Christmas to our haters, DF's and perma-crypto-bears!