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Posted on 6/26/19 at 5:56 pm to The Boat
quote:
You wire it. It’s not rocket science.
I can just wire $500 million to my checking account? Nobody has to agree to purchase them with actual cash? There aren't still limits on how much a person can sell in a day?
I don't understand Bitcoin's liquidity at all, which is one of the reasons I've stayed away from it.
This post was edited on 6/26/19 at 5:58 pm
Posted on 6/26/19 at 5:57 pm to cable
I feel like I’ve seen this headline before
A fool and his money
quote:
Bitcoin Price Could See $20K in Two Weeks - $100K This Year, Predicts Market Analyst
A fool and his money
Posted on 6/26/19 at 5:57 pm to Pectus
quote:
Mining has always been difficult....that is the point of Bitcoin...
Not necessarily. The blockchain mining was a lot more profitable before every swinging dick bought an AntMiner and raised the price of hardware.
I am also one of the dipshits that researched it pretty thoroughly but gave up on actually mining or hoarding it.
Posted on 6/26/19 at 5:58 pm to cable
quote:
Nobody has to agree to purchase them with actual cash?
Yes they do, and if you don’t think Coinbase and other places would hold your trades while dumping their own during a crash, then you’d be a fool
Posted on 6/26/19 at 5:59 pm to Pectus
quote:
Mining has always been difficult....that is the point of Bitcoin...
I think you are talking about something else.
He is probably referring to the amount of computing power it took to mine. In the early days just an average laptop/desktop could mine somewhat effectively. If you are effective miner today your electric bill is in the thousands a month.
Posted on 6/26/19 at 6:05 pm to Obtuse1
quote:
He is probably referring to the amount of computing power it took to mine. In the early days just an average laptop/desktop could mine somewhat effectively. If you are effective miner today your electric bill is in the thousands a month.
Because part of the mining process is confirming other transactions, correct? So the more BCs that are out there, the more energy it takes to mine and the larger the expense per transaction? This was always the achilles heel of BC that I heard about. It costs how much for Visa/Mastercard to do your CC purchase at a gas station/restaurant/grocery store? A penny?
Posted on 6/26/19 at 6:06 pm to Obtuse1
This ^^^
Posted on 6/26/19 at 6:06 pm to Deactived
quote:
All you've ever done is shite on btc and crypto, so imo it renders your opinions poo
I think I posted in one thread with you three months ago. Someone is pussy hurt.
And having a negative opinion that you disagree with doesn’t disqualify the opinion. Just means you’re, again, butt hurt.
ETA: my first post in this thread alluded to BTC being more stable this time around. That’s not a negative criticism of the crypto you worship.
This post was edited on 6/26/19 at 6:08 pm
Posted on 6/26/19 at 7:39 pm to BuckyCheese
quote:
Not when it was first introduced.
OK. Sorry. Thanks!
Posted on 6/26/19 at 7:44 pm to shutterspeed
quote:Lol. Libra is a stable coin. Sort of. You’re not making a dime off it.
Facebook Libra.
That means it won’t go up in value for you but it will for the 100 entities that are allowed to buy-in for $10 million.
This post was edited on 6/26/19 at 7:47 pm
Posted on 6/26/19 at 7:49 pm to Bullfrog
I can't figure out why anyone would trust Zuckerberg with their money. Mu USD work just fine, thank you.
Posted on 6/26/19 at 7:53 pm to Upperdecker
I'm so tilted watching this shite. Won just under $20k off some sports bets earlier this year. Quickest payment was bitcoin then sell and move money to ur bank. When i sold them all price was around $3800. Had i held on instead would be close to an extra $50K. Obvious hindsight and the risk of it all zeroing. Since it was free money makes it easier to think it would have been worth
Posted on 6/27/19 at 12:42 am to TennesseeFan25
Chainlink bitches, Chainlink
Posted on 6/27/19 at 2:42 am to The Boat
Bought some at 7500, and just used it to buy shite before it goes back down. Then I'll wait for $3-5k again. By then I'll be ready for more shite.
Posted on 6/27/19 at 2:51 am to cable
quote:Me either.
I can't figure out why anyone would trust Zuckerberg with their money. Mu USD work just fine, thank you.
Posted on 6/27/19 at 1:13 pm to Bullfrog
This thread died
Posted on 6/27/19 at 3:48 pm to Thib-a-doe Tiger
yeah, I'm surprised at how little traffic there is, even with the insane volatility
Posted on 6/27/19 at 3:51 pm to cable
quote:
can just wire $500 million to my checking account? Nobody has to agree to purchase them with actual cash? There aren't still limits on how much a person can sell in a day?
I don't understand Bitcoin's liquidity at all, which is one of the reasons I've stayed away from it.
The entire thing is ridiculous
Do these people even pay taxes on bitcoin withdrawals?
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