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Could this push us to Crypto
Posted on 3/22/20 at 4:28 pm
Posted on 3/22/20 at 4:28 pm
I guess my point is that right now cash is king yes? Could this push us to crypto, if crypto actually gets used as digital cash instead of being a speculative investment?
This post was edited on 3/23/20 at 1:22 pm
9
Posted on 3/22/20 at 4:32 pm to themasterpater
Oh lawd, you done did it now.
Posted on 3/22/20 at 4:34 pm to themasterpater
how does crypto help this exactly?
Posted on 3/22/20 at 4:39 pm to oklahogjr
Idk that’s why I’m asking
Posted on 3/22/20 at 4:52 pm to themasterpater
Crypto is getting fricking killed too. It’s just further proof that it’s viewed completely as a speculative asset and not a replacement for anything.
Posted on 3/22/20 at 4:52 pm to blowmeauburn
Yeah if people always look at it as stock it’ll never change
Posted on 3/22/20 at 5:00 pm to blowmeauburn
quote:People need cash right now. Crypto is not nearly big enough to be a store of value just yet.
Crypto is getting fricking killed too. It’s just further proof that it’s viewed completely as a speculative asset and not a replacement for anything.
Hell, even precious metals are getting hit. Cash is the only thing people want.
Posted on 3/22/20 at 5:14 pm to themasterpater
Good luck with that.
Posted on 3/22/20 at 5:14 pm to themasterpater
No. You can even wipe your arse with crypto. Never been more worthless.
Posted on 3/22/20 at 5:42 pm to themasterpater
No
Posted on 3/22/20 at 8:23 pm to HailToTheChiz
Crytpo follows the Dow pretty much.
Posted on 3/23/20 at 2:08 am to themasterpater
Bitcoin is a Chinese CoIntelPro.
Posted on 3/23/20 at 4:19 am to themasterpater
quote:
Could this push us to Crypto
Away from it is more likely, try to go buy a loaf of bread with Bitcoin and see how successful you are.
People want cash
Posted on 3/23/20 at 8:31 am to themasterpater
that way when a natural disaster happens and the power and/or internet is down, no commerce can take place outside of bartering.
I'm sure that will be awesome, just ask puerto rico.
I'm sure that will be awesome, just ask puerto rico.
This post was edited on 3/23/20 at 8:33 am
Posted on 3/23/20 at 9:06 am to TigerTatorTots
Gold is holding.
Silver was another fear porn cult con game to monetize junk on the public for the last 10 years. Has NO MONETARY PURPOSE just industrial junk that is in huge supply with no demand.
Silver was another fear porn cult con game to monetize junk on the public for the last 10 years. Has NO MONETARY PURPOSE just industrial junk that is in huge supply with no demand.
Posted on 3/23/20 at 9:45 am to themasterpater
quote:
Yeah if people always look at it as stock it’ll never change
This. As long as you cant buy goods and service with crpyto, it'll continue to be a speculative investment at best. It's more like gambling than trading in forex markets bc no one has a reason to buy crypto it other than to sell it at a higher price.
Posted on 3/23/20 at 11:34 am to 850tiger
quote:
This. As long as you cant buy goods and service with crpyto, it'll continue to be a speculative investment at best. It's more like gambling than trading in forex markets bc no one has a reason to buy crypto it other than to sell it at a higher price.
I get the point. You cant go buy stuff at walmart or the gas station like with cash/credit, but there are goods and services that can be bought with crypto.
Some of the more notable companies that accept it as payment are Microsoft, Newegg, AT&T, overstock, Twitch, and expedia. I think its mostly Tech, online media, online gambling, and Travel type goods and services at this point. There are indirect ways to use it for Amazon purchases.
Those companies are way ahead of the curve though, it may be closer to 5-10 years before we see it being commonly accepted.
Posted on 3/23/20 at 1:21 pm to AMS
I guess my point is that right now cash is king yes? Could this push us to crypto, if crypto actually gets used as digital cash instead of being a speculative investment?
Posted on 3/23/20 at 1:35 pm to themasterpater
quote:
Could this push us to crypto, if crypto actually gets used as digital cash instead of being a speculative investment?
How many merchants or other services (in the real world) are even set up to accept crypto as a form of payment?
If one of my tenants was in a pinch (which according to my PM is looking increasingly likely in some cases), and asked me to try to find a way for them to pay the rent using a credit card, I'd see what I could do (if it meant getting paid vs. not getting paid). But if they offered to pay the rent in bitcoin or whatever, I'd tell them to cash it out and hand me $100 bills. Simple as that.
I have no interest in receiving payment with something that jumps up & down like a Mexican jumping bean.
What would be the attraction for any business to do this?
Posted on 3/23/20 at 1:42 pm to themasterpater
quote:
guess my point is that right now cash is king yes? Could this push us to crypto, if crypto actually gets used as digital cash instead of being a speculative investment?
If anything I would think it would push companies to stay away from crypto. Why waste time and resources trying to setup taking a currency that's value is swinging wildly. Companies will get more conservative moving forward.
I would think this outbreak is very bearish for cryptocurrency
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