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Started By
Message
re: Official CryptoTalk Thread
Posted on 5/18/22 at 10:30 am to JayDeerTay84
Posted on 5/18/22 at 10:30 am to JayDeerTay84
quote:well you might also be waiting with the guy sending you BTC for hours...
I would 100%. I would then just convert as needed. However, the only crypto I would actively accept with regards to selling something large, like a car, home, etc would be btc.
For example, I find it safer to use this method when purchasing say a motorcycle from a buyer as opposed to walking around with 5K+. Much harder to get ripped off.
Let me tell you about Pulsechain....
This post was edited on 5/18/22 at 10:30 am
0
Posted on 5/18/22 at 10:32 am to JayDeerTay84
quote:yea for real... when you are paying with assests you based the price off the day and time of the sale... not what it was a month ago.
Well what if you sold your house valued at $1mm for the listed price of $1mm and they buyer used cryptocurrency for the purchase.
You sign the contract to accept the crypto currency and everything is fine for 30 days and then the day before the closing, the value of the cryptocurrency drops 25%.
Would that matter to you?
Simple, write the contract that the day of the sale, you get a USD value in whatever medium of exchange you are using.
This post was edited on 5/18/22 at 10:32 am
Posted on 5/18/22 at 10:46 am to CarRamrod
Ask El Salvador how Bitcoin is working….
quote:
El Salvador expected to default as bitcoin plummets The Central American country made the cryptocurrency legal tender last year, but since then, it has continued to fall, raising concerns about whether it will be able to meet its next debt payment
Posted on 5/18/22 at 10:47 am to sawtooth
quote:do you know anything about their situation other than "They bought btc and now they might default"
Ask El Salvador how Bitcoin is working….
quote:
El Salvador expected to default as bitcoin plummets The Central American country made the cryptocurrency legal tender last year, but since then, it has continued to fall, raising concerns about whether it will be able to meet its next debt payment
Posted on 5/18/22 at 10:51 am to CarRamrod
Yes I do. He just doubled down and bought some more at $30,000.
Oops
Oops
This post was edited on 5/18/22 at 10:52 am
Posted on 5/18/22 at 11:10 am to sawtooth
Yea, they are doing so bad they had institutions
from 44 different countries come meet with them about it
from 44 different countries come meet with them about it
This post was edited on 5/18/22 at 11:11 am
Posted on 5/18/22 at 11:15 am to 21JumpStreet
quote:
44 different countries
I can name 44 countries that I don’t give a shite about.
Bitcoin is down over 35% since April. I’m enjoying the carnage. Keep telling me how great of an idea it is.
Posted on 5/18/22 at 11:17 am to JayDeerTay84
quote:
Simple, write the contract that the day of the sale, you get a USD value in whatever medium of exchange you are using.
And herein lies the fallacy of it all.
if you have to put a provision in that the ultimate payment is in USD the what’s the point of accepting cryptocurrency to begin with !?
I can explain a lot of this but I can’t understand if for you.
Posted on 5/18/22 at 11:18 am to sawtooth
Of course you are. You bought and lost and only look at short term view.
Posted on 5/18/22 at 11:33 am to 21JumpStreet
I’ve never bought a dimes worth of crypto.
Try again……
My energy stocks are rocking though. Why would I buy someone else’s currency. It’s a get rich quick scam.
Try again……
My energy stocks are rocking though. Why would I buy someone else’s currency. It’s a get rich quick scam.
This post was edited on 5/18/22 at 11:34 am
Posted on 5/18/22 at 11:37 am to sawtooth
quote:
Bitcoin is down over 35% since April.
frick have mercy. where you been chief? fricking target is down 25% today. Shall we look at netflix and some others the past month?
Posted on 5/18/22 at 11:40 am to sawtooth
quote:
Why would I buy someone else’s currency
Mostly bc IT IS NOT SOMEONE else's
Posted on 5/18/22 at 11:46 am to sawtooth
quote:that's a pretty sad thing to say. At least you're honest tho. Bitcoin is down and it still has more room to go, but be sure to return here when the next bull market starts. And I don't own any bitcoin, but it'll do what it has always done with time.
I’m enjoying the carnage.
Posted on 5/18/22 at 11:47 am to sawtooth
quote:haha. How were they doing a while back?
My energy stocks are rocking though
Posted on 5/18/22 at 11:55 am to FnTigers
I swapped to energy in March. I also sold 50% of my equity stocks. $500,000 ready for when the market bottoms out. For the year I am up 7%.
Even an idiot like me could see this coming.
0% crypto. Keep holding.
Even an idiot like me could see this coming.
0% crypto. Keep holding.
Posted on 5/18/22 at 12:17 pm to sawtooth
Oh ok, my bad. You are upset at the amount of gains the past years and trying to make yourself feel better because it crashed. You will also be back dunking on us again in a few years when bitcoin drops from 120k to 60k
Posted on 5/18/22 at 12:29 pm to SlidellCajun
quote:
And herein lies the fallacy of it all.
I am not sure you understand what a fallacy is if this is your rebuttal.
quote:Why is gold valued in USD?
if you have to put a provision in that the ultimate payment is in USD the what’s the point of accepting cryptocurrency to begin with !?
quote:
I can explain a lot of this but I can’t understand if for you.
I dont think you can explain things you dont understand....
Posted on 5/18/22 at 12:47 pm to sawtooth
So you aren’t in a crypto thread to discuss crypto. You’re in a crypto thread to brag about your gains since March when you have no idea how well some have done on crypto. Got it.
Posted on 5/18/22 at 1:55 pm to sawtooth
quote:have you looked at the market has a whole... its down almost the same. Not even including the inflation poopie pants has caused
Bitcoin is down over 35% since April.
This post was edited on 5/18/22 at 1:56 pm
Posted on 5/18/22 at 1:56 pm to SlidellCajun
quote:why not just buy ###K of frogskins and bring those in for the sale?
And herein lies the fallacy of it all.
if you have to put a provision in that the ultimate payment is in USD the what’s the point of accepting cryptocurrency to begin with !?
I can explain a lot of this but I can’t understand if for you.
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