Bitcoin
Hell No! Way too volatile to accept as payments. We had bitcoin merchant account installed to our store years ago, but never used it.
I use to follow bitcoin, litecoin, ethereum, Bitcoin cash, and few smaller coin , and I mean really really follow them , but truth be told, and not scare mongering, but..... Its so easily manipulated by the rich, and even those who dont even use crypto currency. Example, is a head of state in any country or finance minister or over site commissions in different countries.
So if China announces they may ban crypto coin, it dips like a mother fucker, but only the chinese know they are bluffing, and family buying into the coin after it falls to the price of peanuts, china turns around and says, sorry for the scare, were not going to ban it! Meanwhile, Jin Ho, ling ling lee, and Billy Ho now own 30k coins they bought in at $300 a coin, and the coing miraculously now rises to triple the price, right back to where it was to begin with, until it was manipulated
Or, the owner of big exchanges, only they know who theyre going to add to their big exchanges, and these exchanges are the few places you can use a credit card and bank account to buy coin, so an example is COINBASE says were adding another coin this year, everyone specualtes will it be bitcoin cash , or ripple etc.. and while everyone is buying up the one theyre banking on, COINbase has used shell company to buy a boatload of "what the fuck is this coin" and once they add it to their exchange, the price goes through the roof!
Can you make money investing in crypto...YES! I have! Can You lose Money ...YES! I have!
And the ICO offerings, what the fuck man!
This is not a fanciful imaginative what if scenario, this shit has happened many times over already!
Crypto is NOT a scam, thats not what im saying, what i am saying is, its not what they told us it would be, and Its easily manipulated and its actually 100X easier to be tracked using crypto then if i were to just send someone an envelope full of cash with a fucking stamp on it!
Here's my opinion... Bitcoin data structure (Block chain) is not scalable. Which means it can't grow because of exponential computational overhead.
Some form of cryptocurrency is the wave of the future, guaranteed, but i wouldn't touch any cryptocurrency that is based on Block Chain data structure.
Some form of cryptocurrency is the wave of the future, guaranteed, but i wouldn't touch any cryptocurrency that is based on Block Chain data structure.
Tuffie
New member
I feel like they are going to add XLM to the coinbase exchange, considering its holding quite well in these bloody streets. Nonetheless, interesting thoughts.
I have never had a problem using USD to do shady business. I believe with the current crisis some countries are facing; venezuela, turkey, greece.. to name a few, are turning to bitcoin due to the country falling into hyper inflation (or issuing a personal crypto currency backed by oil e.g. venezuela). I believe it will be a safe-haven during economic collapse, and a good investment due to those facts. Possible ETF approval, china isnt the only MF maniplulating, several factors come into place, MT GOX, early investors, and the fucking SEC delaying the denial and approval of an ETF. ICO's are selling off their ETH and BTC they raised, ALT Coin purge.. BTC is here to stay, the others not so much..
BTC may not be scalable, yet. They have proposed solutions, SEGWIT, BLOCK SIZE INCREASE, SHARDING, PROOF OF STAKE (some alt coins are POS & DPOS, however NOT BTC nor ETH, they are POW), OFF CHAIN STATE CHANNELS, and PLASMA.
The community is active, and working hard to make this a reality. BTC dominates the market 50%+.
I have never had a problem using USD to do shady business. I believe with the current crisis some countries are facing; venezuela, turkey, greece.. to name a few, are turning to bitcoin due to the country falling into hyper inflation (or issuing a personal crypto currency backed by oil e.g. venezuela). I believe it will be a safe-haven during economic collapse, and a good investment due to those facts. Possible ETF approval, china isnt the only MF maniplulating, several factors come into place, MT GOX, early investors, and the fucking SEC delaying the denial and approval of an ETF. ICO's are selling off their ETH and BTC they raised, ALT Coin purge.. BTC is here to stay, the others not so much..
BTC may not be scalable, yet. They have proposed solutions, SEGWIT, BLOCK SIZE INCREASE, SHARDING, PROOF OF STAKE (some alt coins are POS & DPOS, however NOT BTC nor ETH, they are POW), OFF CHAIN STATE CHANNELS, and PLASMA.
The community is active, and working hard to make this a reality. BTC dominates the market 50%+.
fullytorqued
New member
Blockchain is the future, BTC might not be the vessel. Transaction times are too slow and cost is high compared to newer altcoins.
thx
New member
Not if you use the same exchange site.
Banks / card companies have the same issue to this date and people still use them
There are a bunch of new ideas coming out of how to make BTC-transactions faster.About altcoins, if you wanna risk loosing everything go ahead and buy new altcoins.
One of the biggest reason that BTC has dropped so much in value isn't just the FUD but the banks/media want to buy that shit cheap. So they can control it.
As I've mentioned before, I use BTC all the time.
thx
New member
Tell me if you need any help.
If you just gonna use BTC to buy stuff. Then you can just keep it on the exchange site.
If you're gonna invest in it long term you better store it somewhere else like a trezor or another hardware wallet (store it offline)
Same goes if you're selling something and you get BTC in to your exchange account all the time. You better store that in a hardware wallet just to be safe.
thx
New member
We don't use USD in the country that I live in. Cash isn't used much here, people give you weird looks if you pay cash. And if you get caught with cash and can't prove where it comes from (let's assume that it comes from some shady business) government will take everything and on top of that, they will make an estimation on how much you've made and you'll get a hefty fine.
Let's say you accept BTC instead... cops can't decrypt your phone if you don't give them the passphrase. And even if they get in, they can't get in to your exchange account. So.... when you get out of prison BTC is probably up by 200% (or more) it's like you won the lottery :laugh:
Dean Destructo
New member
thx
New member
Bro get a localbitcoins account. Depending on how you pay for your BTC it's anonymous.
How much are you looking to buy and are you buying as an investment? If you don't wanna answer that here pm me.
Reason why I'm asking is that it's much safer to store it "offline" on a hardware wallet than having it on the actual exchange account since they sometimes get "hacked". So people lose everything.
I keep mine on the exchange site because I'm ok with loosing it and I usually buy and sell.
Let me know if you need any help at all
Dean Destructo
New member
Bro get a localbitcoins account. Depending on how you pay for your BTC it's anonymous.
How much are you looking to buy and are you buying as an investment? If you don't wanna answer that here pm me.
Reason why I'm asking is that it's much safer to store it "offline" on a hardware wallet than having it on the actual exchange account since they sometimes get "hacked". So people lose everything.
I keep mine on the exchange site because I'm ok with loosing it and I usually buy and sell.
Let me know if you need any help at all
I just want to buy some to spend on my online transactions. It seems safer. You should do a tutorial sticky lol.
thx
New member
Then it's easy. I use localbtc. You can use whatever exchange site you like as long as you trust them. Don't use your credit card or bank account to wire money, rather meet up with the person or send cash through mail, or sell something and ask them to pay with bitcoins.
I can make a tutorial on how to do all this. I'll just create a new account and take a bunch of screenshots lol!
NAIR
MuscleChemistry Registered Member
Interesting...
- - - Updated - - -
I use Coinbase and transfer to Blockchain. I did this to buy pharmacom, which worked until pharmacom disappeared.
thx
New member
Did you get your stuff ?
handy.jule
New member
Yes, bitcoin is too volatile but there are other alt cryptos that are much more stable.
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