| | |
05-15-2019
| | Senior Member | | Join Date: Jun 2014
Posts: 528
Thanks: 124
Thanked 49 Times in 41 Posts
Activity: 0% Longevity: 57% | | Re: Crypto Blowing Up
If hackers will piss off higher intelligence with their illicit activity they can open 150 short positions of 1 billion or 15.000 positions of 10 million and drive the price to 0 in theory, if i understand it correctly and then another coin will replace bitcoin, maybe monero, maybe something similar.
I assume they not gonna do that because it's too expensive and not gonna solve the problem, they might short all the coins until they come up with a better way to track us all. Eventually there will be cameras and microphones everywhere so getting away with violating the law will become near impossible and that's when the price of all those currencies drop to near zero. That's just my opinion.
I invested 1% of what i have few years ago because u never know what's going to happen. Trade responsibly and never invest everything you have unless your ready to lose it.
|
The complete step-by-step guide to get back to selling today!
| |
05-15-2019
| | Senior Member
Threadstarter  
| | Join Date: Nov 2014
Posts: 1,206
Thanks: 23
Thanked 198 Times in 147 Posts
Activity: 0% Longevity: 54% | | Re: Crypto Blowing Up Quote:
Originally Posted by phaz0rz It's converted to a real currency at the time of purchase. It's not being used as a currency when the merchant still ends up with fiat currency. | I think you missed the point, the point is, people can now easily use their bitcoin to buy stuff like any other person with money.......anywhere that accepts visa....that is already a pretty big achievement.....
back then the argument was I can't use bitcoin to buy anything from anywhere.......
now its more like.......anywhere that accepts visa..........as long as you have your bitpay visa card........
|
05-15-2019
| | Executive [VIP] | | Join Date: Nov 2015
Posts: 10,834
Thanks: 2,079
Thanked 4,025 Times in 3,012 Posts
Activity: 5% Longevity: 48% | | Re: Crypto Blowing Up Quote:
Originally Posted by H4ck I think you missed the point, the point is, people can now easily use their bitcoin to buy stuff like any other person with money.......anywhere that accepts visa....that is already a pretty big achievement.....
back then the argument was I can't use bitcoin to buy anything from anywhere.......
now its more like.......anywhere that accepts visa..........as long as you have your bitpay visa card........ | My point was that's just Bitpay's way of profiting from a trendy gimmick. What they're doing is no different than a Paypal debit card. You have a balance on a website which the card allows you to spend. It's really nothing revolutionary.
Bitpay is holding real fiat currency somewhere in a central account just like Paypal is doing otherwise their Bitpay cards wouldn't work.
Until it's bitcoin from end to end and it's not necessary at any point to "convert to fiat", it's not a currency.
By your definition you could call weed a currency, or any other asset that can be traded for USD.
__________________ ____________ _______ ___
Last edited by phaz0rz; 05-15-2019 at 03:10 PM.
|
05-15-2019
| | Senior Member | | Join Date: Mar 2017
Posts: 2,370
Thanks: 635
Thanked 559 Times in 420 Posts
Activity: 15% Longevity: 41% | | Re: Crypto Blowing Up
I noticed my corner shop now has a bitcoin cash point ? it's a typical grocery shop / newsagent
|
05-15-2019
| | Executive [VIP] | | Join Date: Apr 2013
Posts: 20,092
Thanks: 2,430
Thanked 5,198 Times in 3,996 Posts
Activity: 29% Longevity: 63% | | Re: Crypto Blowing Up Quote:
Originally Posted by james_112233 I noticed my corner shop now has a bitcoin cash point ? it's a typical grocery shop / newsagent | They have been slowly increasing in locations up and down the UK
|
05-15-2019
| Junior Member | | Join Date: May 2019
Posts: 23
Thanks: 0
Thanked 3 Times in 3 Posts
Activity: 0% Longevity: 28% | | Re: Crypto Blowing Up
alot of institutional money is coming in right now too.. isn't fidelity getting into the crypto business
|
05-15-2019
| | Senior Member
Threadstarter  
| | Join Date: Nov 2014
Posts: 1,206
Thanks: 23
Thanked 198 Times in 147 Posts
Activity: 0% Longevity: 54% | | Re: Crypto Blowing Up |
05-15-2019
| | Senior Member
Threadstarter  
| | Join Date: Nov 2014
Posts: 1,206
Thanks: 23
Thanked 198 Times in 147 Posts
Activity: 0% Longevity: 54% | | Re: Crypto Blowing Up
good heavens cryptos are really taking off......just 14 days ago it was probably at 200b market cap....now 260.....
|
05-16-2019
| Senior Member | | Join Date: Jul 2014
Posts: 904
Thanks: 141
Thanked 306 Times in 204 Posts
Activity: 0% Longevity: 56% | | Re: Crypto Blowing Up Quote:
Originally Posted by H4ck bitpay has a debit card for bitcoin.........contracted with visa......
all you do is load your bitcoins from your bitpay wallet and use your bitpay visa card........anywhere visa is accepted your good to go.......
so people are using it as a currency already...... | Charge fees don't they? My credit card has 0% fees anywhere in the world, free travel insurance, 0.5% cashback on purchases in the UK, 0% interest for IIRC 52 days, how exactly is bitpay competing with my credit card?
| The Following User Says Thank You to dan_ebay For This Useful Post: | |
05-16-2019
| | Executive [VIP] | | Join Date: Apr 2013
Posts: 20,092
Thanks: 2,430
Thanked 5,198 Times in 3,996 Posts
Activity: 29% Longevity: 63% | | Re: Crypto Blowing Up
They charge 0% but some banks have pretty poor FX rates
Some are good, some dreadful.
BTC would not have the same hidden charges. At least that will be the theory for some people
|
05-16-2019
| | Executive [VIP] | | Join Date: Nov 2015
Posts: 10,834
Thanks: 2,079
Thanked 4,025 Times in 3,012 Posts
Activity: 5% Longevity: 48% | | Re: Crypto Blowing Up
I've never sent bitcoin without an arbitrary variable rate mining fee depending on network power at the time. BTC transactions can fail if too low of a mining fee is paid.
So there's a hidden fee where you aren't even fully aware of how much you should be paying, when you're doing btc.
You can't forget to pay the miner. They work really hard extracting bitcoins from mountains (of digits) and expect to be paid a random amount depending on how the smelting went that day.
__________________ ____________ _______ ___
Last edited by phaz0rz; 05-16-2019 at 07:10 AM.
|
05-16-2019
| | Senior Member | | Join Date: Apr 2018
Posts: 1,636
Thanks: 403
Thanked 306 Times in 247 Posts
Activity: 0% Longevity: 34% | | Re: Crypto Blowing Up
Talk in US Congress yesterday to ban BTC because it threatens USD's influence on international trade. Went on to say pulling it would be next to impossible.
|
05-16-2019
| | Executive [VIP] | | Join Date: Nov 2015
Posts: 10,834
Thanks: 2,079
Thanked 4,025 Times in 3,012 Posts
Activity: 5% Longevity: 48% | | Re: Crypto Blowing Up Quote:
Originally Posted by Sunspot144 Talk in US Congress yesterday to ban BTC because it threatens USD's influence on international trade. Went on to say pulling it would be next to impossible. | It'll be a lot more feasible once FedCoin goes live and there's a government promoted alternative.
__________________ ____________ _______ ___ | The Following User Says Thank You to phaz0rz For This Useful Post: | |
05-16-2019
| | Senior Member
Threadstarter  
| | Join Date: Nov 2014
Posts: 1,206
Thanks: 23
Thanked 198 Times in 147 Posts
Activity: 0% Longevity: 54% | | Re: Crypto Blowing Up
Deep dump.................classic pump and dump.....
|
05-16-2019
| Senior Member | | Join Date: Aug 2012
Posts: 6,123
Thanks: 1,110
Thanked 1,655 Times in 1,333 Posts
Activity: 0% Longevity: 67% | | Re: Crypto Blowing Up Quote:
Originally Posted by H4ck Deep dump.................classic pump and dump..... | It dropped just under 10%. That's absolutely nothing when it comes to crypto.
It's a dump when you see 40 to 50% drop within the space of a day or two. I've seen that happen a few times.
|
05-16-2019
| | Executive [VIP] | | Join Date: Dec 2009
Posts: 76,033
Thanks: 5,943
Thanked 8,926 Times in 8,218 Posts
Activity: 100% Longevity: 83% | | Re: Crypto Blowing Up Quote:
Originally Posted by Play It dropped just under 10%. That's absolutely nothing when it comes to crypto.
It's a dump when you see 40 to 50% drop within the space of a day or two. I've seen that happen a few times. | Might see more tmrw - let's wait and see?
|
05-16-2019
| | Executive [VIP] | | Join Date: Aug 2008
Posts: 9,930
Thanks: 380
Thanked 2,659 Times in 1,966 Posts
Activity: 16% Longevity: 91% | | Re: Crypto Blowing Up
Deep dump?
Its at $7400 this moment.
What was it a couple of weeks ago again...?
Deep dump indeed lol
__________________ AGED SUPER HIGH LIMIT ACCOUNTS: 10,000/$1,000,000 and 25,000/$500,000 |
05-17-2019
| | Executive [VIP] | | Join Date: Dec 2009
Posts: 76,033
Thanks: 5,943
Thanked 8,926 Times in 8,218 Posts
Activity: 100% Longevity: 83% | | Re: Crypto Blowing Up Quote:
Originally Posted by slokor Deep dump?
Its at $7400 this moment.
What was it a couple of weeks ago again...?
Deep dump indeed lol | #memoriesofempirestate
| The Following User Says Thank You to rsot For This Useful Post: | |
05-17-2019
| | Executive [VIP] | | Join Date: Sep 2007
Posts: 42,343
Thanks: 5,612
Thanked 9,142 Times in 7,106 Posts
Activity: 0% Longevity: 96% | | Re: Crypto Blowing Up Quote:
Originally Posted by slokor Deep dump?
Its at $7400 this moment.
What was it a couple of weeks ago again...?
Deep dump indeed lol | Still comedians around crypto?
EmpireState’s alter ego alert. |
05-17-2019
| | Senior Member | | Join Date: Apr 2018
Posts: 1,636
Thanks: 403
Thanked 306 Times in 247 Posts
Activity: 0% Longevity: 34% | | Re: Crypto Blowing Up |
05-17-2019
| | Executive [VIP] | | Join Date: Nov 2015
Posts: 10,834
Thanks: 2,079
Thanked 4,025 Times in 3,012 Posts
Activity: 5% Longevity: 48% | | Re: Crypto Blowing Up
Crypto charts are so hard to make sense of. 5yr chart would make a cool roller coaster.
__________________ ____________ _______ ___ | The Following User Says Thank You to phaz0rz For This Useful Post: | |
05-17-2019
| | Senior Member | | Join Date: Apr 2018
Posts: 1,636
Thanks: 403
Thanked 306 Times in 247 Posts
Activity: 0% Longevity: 34% | | Re: Crypto Blowing Up
LMAO | The Following User Says Thank You to Sunspot144 For This Useful Post: | |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts HTML code is Off | | |
Similar Threads | Thread | Thread Starter | Forum | Replies | Last Post | Crypto Tax? | wkang87 | CryptoCurrency | 8 | 02-28-2018 10:13 PM | |