- Joined
- Feb 3, 2013
We're going to $5.0000.
$ (BTC) The Bitcoin Thread - NO SHITCOINERS ALLOWED
- Thread starter CrunkLord420
- Start date
-
🐕 I am attempting to get the site runnning as fast as possible. If you are experiencing slow page load times, please report it.
- Joined
- Oct 12, 2019
- Joined
- Apr 6, 2020
- Joined
- Jan 9, 2020
When it all goes to hell I'll take USD thanks.
- Joined
- Oct 12, 2019
Is that currency as solidly backed as the Bolivar ?
- Joined
- Jan 9, 2020
The only reason Bitcoin is worth more than 5 cents is because you can get something you actually can use for it - USD.
And if at anytime in the future it was ever illegal to swap BTC for USD, it would become worthless. Whereas right now if you forbid the USD being converted into BTC....its still worth a USD and no one would give a shit if your USD couldn't buy a BTC.
Don't kid yourself.
When people ask what is my house worth they answer its worth "x" USD.
When people ask what is my BTC worth, they answer its worth "x" USD.
- Joined
- Oct 12, 2019
I usually answer in deutschmarks.
But anyway, calm down. Some items and services are exclusively BTC.
Ask the glowies which ones.
- Joined
- Sep 7, 2016
As of now. The monetary unit principle being in favour of fiat, only lasts as long as the fiat is sustained. What happens when the USD is worth (next to) nothing? It's more likely than not to happen at some point.
Nixon decoupled for a reason, it's all free floating funny money now.
I guess you could knit yourself a nice paper money sweater to keep you warm....
- Joined
- Jan 9, 2020
There isn't going to be a time in the next 50 years when the USD is worthless.
And while I understand the Crypto basis; it is essentially there to be a speculative market because eventually countries will issue their own crypto currencies merely to facilitate more liquid movement.
It holds true that in this world and the world in the ext 10 years every Crypto will be valued based on how much Fiat it can be converted to because Fiat is legal tender, plain and simple.
And tomorrow if Bitcoin was allowed to be legal tender, then it would naturally need to come under price control which is something no one in Crypto wants.
They can't have it both ways and this will be evidently clear as to why once someone applies broader principles to it. Crypto is as wonderful technology - but it is being hyped as many things - and many of those things it just plainly is not.
For the meantime it is a brilliant way to make money as a speculator and this is about all it is good for - at the moment anyways.
I'll take a USD backed by the US Government and it's Quadrillions of owned natural resources, power, military and control over a crypto that is essentially majorly owned by a handful of whales/backed by absolutely nothing but...ether...
But as I said, it is a wonderful speculator tool for profit.
cantankerous jackalope
kiwifarms.net
- Joined
- Jul 28, 2019
not financial advice but I've gotten out of riskier alts and tethered up a bit
unless you need money asap sell at your own peril lads
nothing has fundamentally changed about clown world, hyperinflation, economic uncertainty, the job market, etc.
obviously if you're over-leveraged then fix that but even some of the people I turn to that work in the industry have no idea what's about to happen, could go either way
unless you need money asap sell at your own peril lads
nothing has fundamentally changed about clown world, hyperinflation, economic uncertainty, the job market, etc.
obviously if you're over-leveraged then fix that but even some of the people I turn to that work in the industry have no idea what's about to happen, could go either way
- Joined
- Feb 3, 2013
Then you'd better have a strong portfolio of the new reserve currencies: lead, gasoline, toilet paper, and C-Quarters.
- Joined
- Oct 12, 2019
How is the USD 'backed' ?
When at the very hint of a 'crisis', trillions are printed, instantly devaluing the currency.
Look at a 'basket' of goods from 2014, 2015, 2009, 2018, 1994.
Then compare to the average household income. Plot it out. Then try not to panic.
YOU are the backer of the USD. YOU and the millions that agree.
but
Less are agreeing daily.
- Joined
- Feb 22, 2020
As the Latest Crypto Carnage Continues To Unfold, Binance Coin’s (BNB) Escalating Supply Burn Staves off a Deeper Price Plunge
Binance Coin (BNB) just faced its first true test following the much-touted Bruno Upgrade v1.1.5 back in November 2021
wccftech.com
Timbeeeer
- Joined
- Dec 28, 2014
REEEEEE REEEEE Bitcoin goes up, goes down, always ends up higher than it was before. But let's chimp out that it's vastly higher than when it started, as it is every time even after a "crash."
- Joined
- Feb 22, 2020
(Archive)As the Latest Crypto Carnage Continues To Unfold, Binance Coin’s (BNB) Escalating Supply Burn Staves off a Deeper Price Plunge
Binance Coin (BNB) just faced its first true test following the much-touted Bruno Upgrade v1.1.5 back in November 2021
Timbeeeer
Ain't she a beaut?
Akashic Retard
kiwifarms.net
- Joined
- Mar 19, 2021
In case you were wondering
- Joined
- Apr 11, 2018
...old news, but not many are posting about how Bitcoin is having problems in El Salvador.
nttr.stream
archive.ph
The first post says 'thread with some affected by the Chivo Wallet'.
The screenshots in the (so far) 80-Twee thread is just many people talking about how their transfers in cryptocurrency are not being resolved and some not being able to even access their accounts. Support is not responding to them.
nttr.stream
archive.fo
Crypto Bros Taking Ls (@CoinersTakingLs)
El Salvador adopted bitcoin as a legal currency. Here’s a thread of people asking why their money has randomly been disappearing out of their wallets.
Crypto Bros Taking Ls (@CoinersTakingLs): "El Salvador adopted bitcoi…
archived 15 Jan 2022 04:33:07 UTC
The first post says 'thread with some affected by the Chivo Wallet'.
The screenshots in the (so far) 80-Twee thread is just many people talking about how their transfers in cryptocurrency are not being resolved and some not being able to even access their accounts. Support is not responding to them.
El Comisionado (@_elcomisionado_)
Hilo con algunos afectados por la Chivo Gualet. 1- $16,000
El Comisionado (@_elcomisionado_): "Hilo con algunos afectados por la…
archived 15 Jan 2022 04:39:41 UTC
Akashic Retard
kiwifarms.net
- Joined
- Mar 19, 2021
This is a chivo wallet problem, not a bitcoin problem....old news, but not many are posting about how Bitcoin is having problems in El Salvador.
Crypto Bros Taking Ls (@CoinersTakingLs)
El Salvador adopted bitcoin as a legal currency. Here’s a thread of people asking why their money has randomly been disappearing out of their wallets.Crypto Bros Taking Ls (@CoinersTakingLs): "El Salvador adopted bitcoi…
archived 15 Jan 2022 04:33:07 UTC
The first post says 'thread with some affected by the Chivo Wallet'.
The screenshots in the (so far) 80-Twee thread is just many people talking about how their transfers in cryptocurrency are not being resolved and some not being able to even access their accounts. Support is not responding to them.
El Comisionado (@_elcomisionado_)
Hilo con algunos afectados por la Chivo Gualet. 1- $16,000El Comisionado (@_elcomisionado_): "Hilo con algunos afectados por la…
archived 15 Jan 2022 04:39:41 UTC
Some interesting data and outlook from Fidelity:
ditto
kiwifarms.net
- Joined
- Aug 17, 2019
We're going to $500,000. That's 10x for anyone buying in now.
Akashic Retard
kiwifarms.net
- Joined
- Mar 19, 2021