Bitcoin and Crypto?
Forums › General Discussion › Bitcoin and Crypto?-
Thoughts? Seen a few of you talking about Ripple. What does everyone think? 🔫🔫©
-
I think I should have bought ripple this morning and sold it this afternoon.
-
💉СУГЦЅDAVIГЦЅ💉 wrote:
I think I should have bought ripple this morning and sold it this afternoon.
Yea I saw that. Crazy!
-
Where do u put it?
-
It's all a 'coin' one cannot buy anything with anyway. Intrinsic value: zilch, nada. Las Vegas with some math in it.
-
I don't play the markets or I don't no anything about crypto currency.
A guy I have work contracts with says get into XRP it's going to rocket it's gone from a fraction of a cent to 50 cent in no time. He explained set up gatehub and so on.
Thought about it for a couple of week seen it rise bought at 84 cent. Within something like 10 days I can sell now at $2.30 imagine just being in the no and buying at 1 cent. Just a couple of grand would of give ya a nice half a mill. I thought it was ribble XRP lol that's how much I no. The guy who put me onto them says it will go to $5 by end of January. -
Day trading is like playing roulette in a casino, except the odds of winning are actually lower.
Sometimes a hot tip pays out big, but the longer you play, the more the house odds suck you dry.
How many times have I played and thought, “Wow, if I just put a couple thousand on black 13 I’d be rich right now.”
It’s much easier to find people that continue to go broke playing penny stocks than people that actually get wealthy doing it.
-
Brown🎵Note wrote:
Yer I can believe lot more go broke. Think I'll hold on till end of January then sell half.Day trading is like playing roulette in a casino, except the odds of winning are actually lower.
Sometimes a hot tip pays out big, but the longer you play, the more the house odds suck you dry.
How many times have I played and thought, “Wow, if I just put a couple thousand on black 13 I’d be rich right now.”
It’s much easier to find people that continue to go broke playing penny stocks than people that actually get wealthy doing it.
-
my fear about bitcoin specifically is a potential bubble pop . if I could give any advice to anyone it would be to wait a month and use any money you were going to invest into bit eth or other currency and invest that into potcoin , unminable, different system and backed by Mary j industry. Or even better yet get a questtrade account and invest your money in canadian pot company stocks that are going to back pot coin. it's a more concrete investment than digital currency. also if crypto keeps growing govt will find a way to penalize you especially if they decide to prohibit it. If Canada follows through with legalization. company stocks will do well
-
It's only worth something for those wanting to buy online drugs and kiddie porn.
-
Brown🎵Note wrote:
One of my dads friends makes a living day trading. He wakes up, does trading for about an hour or two, then spends the rest of the day doing whatever he wants. Next thing you know my dad tried it and lost 300 dollars in two days. I’m not sure what that dudes secret is.Day trading is like playing roulette in a casino, except the odds of winning are actually lower.
Sometimes a hot tip pays out big, but the longer you play, the more the house odds suck you dry.
How many times have I played and thought, “Wow, if I just put a couple thousand on black 13 I’d be rich right now.”
It’s much easier to find people that continue to go broke playing penny stocks than people that actually get wealthy doing it.
-
مستنقع حمار wrote:
It's only worth something for those wanting to buy online drugs and kiddie porn.
That used to be the case.was mainly targeted to hired mercenaries, drugs , weapons , and yes the much darker sides. but now you can purchase anything from consumable goods to vehicles to flights. Quite a few different retailers accepting bitcoin
-
Only when they can convert it to dollars immediately. Kind of accepting gold nuggets with the jewelmaker next to you.
-
U dont need convert it to dollars ! Buy the lambo 😜
-
Wizard of Oz wrote:
It's all a 'coin' one cannot buy anything with anyway. Intrinsic value: zilch, nada. Las Vegas with some math in it.
That's also the case with fist currency. Value is based on trust.
-
*fiat
-
WyldPhyr wrote:
Wizard of Oz wrote:
It's all a 'coin' one cannot buy anything with anyway. Intrinsic value: zilch, nada. Las Vegas with some math in it.
That's also the case with fiat currency. Value is based on trust.
The point many, many believers completely ignore. Glad I meet someone who actually thinks.
Cryptocoins are promising, but with the current volatility and lack of backing in the real economy, it's not a coin. And technical issues - length of the chain - and econometric caveats - inherent deflation - block the current ones from becoming money.
-
WyldPhyr wrote:
☝ very true. No matter the currency if everyone went to the bank to take out there money there wouldn't be enough bills to go round. It's all digits in a computer systemWizard of Oz wrote:
It's all a 'coin' one cannot buy anything with anyway. Intrinsic value: zilch, nada. Las Vegas with some math in it.
That's also the case with fist currency. Value is based on trust.
-
Currency is a store of production value, but if you think about it, so is gold, land, and stock. Everything is “fiat”. Why is gold a store of production value? Can you eat it? Do you really need gold? It’s not about trust. It’s about how much it is valued by others and what they will trade for it.
Currency is a way to make your production value of swinging a hammer all day portable and lasting. How else do you trade hammer swings for a bean burrito?
All that is required to make currency valuable is to make it extremely difficult to get without swinging a hammer, or producing something else of value in trade for it.
Currency is not a government IOU. That’s what bonds are for. Bonds are the only thing based on your trust that the government will pay out. Just like any loan to anyone.
You might have to trust the government to not over-produce the currency and dilute its value, but the government does not “create” the value of currency.
-
Yer but if a country let's say the U.S. Keep printing money and the money becomes worthless like Russian ruble in 98 then it becomes exactly what it is (paper). Gold will always be worth trading
-
Wizard of Oz wrote:
Not trueIt's all a 'coin' one cannot buy anything with anyway. Intrinsic value: zilch, nada. Las Vegas with some math in it.
Many places are now starting to accept it as an actual currency now ALSO you can sell it and have REAL money put into your bank account. -
@brown Money has three functions : making trade easier - that's what you describe - , savings and calculating relative value of services and products.
Cryptocoins can do the first. The second one is doubtful because the value fluctuates so strongly. It is way too volatile for the third function.
@Shush - and brown as well - : gold is worth a lot because people trust it to be tomorrow. Intrinsic value is not high, as there is not much demand other than as value storage.
@Saffron: Nope, all companies accepting cryptocoin convert it to dollars or euros immediately. Bitcoins are too volatile to keep.
-
Of the 3 functions, 1 and 2 are essentially the same, and 3 is a byproduct of 1 and 2, and is integral to the use of currency. It’s not a function as much as a property of it.
It’s like saying that a function of a Big Mac is to measure comparative currency value internationally. They do use Big Macs for that purpose, but that’s not a Big Mac function. You could also use them for skeet shooting, and you could use currency as wallpaper. It’s not a prime function.
-
Then you have a different view on money than most economists.
-
Wizard of Oz wrote:
I don’t think so, but you can never get economists to agree on anything.Then you have a different view on money than most economists.
-
So I’m dumping €900 into coins in the coming days I have a few in mind but any suggestions into what people think will do well for 2018? Thanks!
-
Well, now that net neutrality is gone, y'all are fucked if your isp blocks traffic to your wallet. Or if the next apocalypse happens and the power grid goes down, and you can't get on that interwebs things. LOL. I'm slicing slivers of gold while y'all are waiting for at&t to give you a signal.
-
SwãmpDoñkey wrote:
I have my wallet written down. I can walk into any post-apocalyptic retail establishment and compute crypto-value with an ordinary slide rule.Well, now that net neutrality is gone, y'all are fucked if your isp blocks traffic to your wallet. Or if the next apocalypse happens and the power grid goes down, and you can't get on that interwebs things. LOL. I'm slicing slivers of gold while y'all are waiting for at&t to give you a signal.
-
Brown🎵Note wrote:
Sweet! I'll do that too! I'm sold now!SwãmpDoñkey wrote:
I have my wallet written down. I can walk into any post-apocalyptic retail establishment and compute crypto-value with an ordinary slide rule.Well, now that net neutrality is gone, y'all are fucked if your isp blocks traffic to your wallet. Or if the next apocalypse happens and the power grid goes down, and you can't get on that interwebs things. LOL. I'm slicing slivers of gold while y'all are waiting for at&t to give you a signal.
-
It’s been -40 here in Canada for the past week. We have almost survived the apocalypse. Crypto defiantly has interesting opportunities to revolutionize the monatary system. I may just diversify and buy some gold as well. Maybe some diamonds because we all know how valuable those are. Still what do you guys/gals think about the technology behind crypto? Blockchain? Hashgraph? 🔫🔫©
-
Diamonds can be made industrially nowadays, at a fraction of the price of delving them. Risky investment.
![[][]](https://turfwarsapp.com/img/app/ajax-forbutton.gif)
Purchase Respect Points NEW! · Support · Turf Map · Terms · Privacy
©2021 MeanFreePath LLC