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Started By
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1
Posted on 6/27/19 at 3:03 pm to Obtuse1
From what I gather, the crypto fanatics are necessarily looking to turn a quick buck. It's about having money that a government can't touch
Posted on 6/27/19 at 3:04 pm to upgrayedd
quote:
It's about having money that a government can't touch
Good luck with that. Trading crypto is already taxed
Posted on 6/27/19 at 3:05 pm to Obtuse1
quote:
10,758.00 currently. As long as the value of crypto is remotely as volatile as it is now it will NEVER be a mainstream currency. It will be a speculatory investment or a medium or a medium for quick turnaround short term conversion and movements of illicit/shady money or used to quickly and cheaply move money around the world to be quickly liquidated again.
This is exactly the point. You cannot use something so volatile as an investment vehicle in any way. It’s day trading at its best.
And blockchains are not as secure as they were once thought to be. This one was caused by a power outage. I love the idea behind bitcoin, but it’s far too unreliable to base any real part of an economy off of.
Posted on 6/27/19 at 3:06 pm to Thib-a-doe Tiger
quote:plenty of people get burned, and plenty of people make money. but the OP reads as its coming from a "bitcoin is dead again" stance, and that is rather short sighted
And 3k lower than yesterday. Knocking on 4k
I’m sure nobody got burned tho
Posted on 6/27/19 at 3:07 pm to Sao
quote:
Judge Roy Scream
I got my first kiss in line for this. it went pretty well
Posted on 6/27/19 at 3:07 pm to bee Rye
No, I did not come at it from that stance, you’re just looking to be upset at something. Bitcoin is a shite show of stability, that’s the point.
Posted on 6/27/19 at 3:07 pm to bee Rye
quote:
plenty of people get burned, and plenty of people make money. but the OP reads as its coming from a "bitcoin is dead again" stance, and that is rather short sighted
Well so is “bitcoin is back”. No evidence of this being anything but a pump and dump right now
Posted on 6/27/19 at 3:07 pm to CollegeFBRules
quote:and that's where the money is made in it
Bitcoin is a shite show of stability, that’s the point.
Posted on 6/27/19 at 3:14 pm to WinnPtiger
quote:
got my first kiss in line for this. it went pretty well
Yes! I knew someone would get it. And congrats on that tongue. Six Flags way back was great.
Posted on 6/27/19 at 3:17 pm to CollegeFBRules
**Bookmarked**
So we can all laugh in your face a few months from now.
Posted on 6/27/19 at 3:17 pm to AUsteriskPride
quote:
Well at this point, that's dumb.
Maybe, but McAfee predicted the upturn and the current down. Says it's gonna climb back even higher. I don't know what to believe but I would have sold by now.
Posted on 6/27/19 at 3:17 pm to upgrayedd
quote:
my sister
You're better than this... you know the drill.
Posted on 6/27/19 at 3:19 pm to Ripley
And I’ll laugh back at you the next day when it plunged again because a hamster jumped off the wheel.
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