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04-06-2018, 06:18 PM #241
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04-06-2018, 07:13 PM #242
I dont know why you would like about something so stupid as this.
https://forum.bodybuilding.com/showt...post1506579491
I own 6 Ethereum and 2 Bitcoin right now and bought them all about 6-7 weeks ago. I'm excited and plan to buy much more.
I've also seen you Larping in the CC about buying ETH at $5 as well. I don't get it.
I mean you still did really really well if you were to sell today, rough math shows that you're up ~6x on BTC and ~9x on eth, but I don't understand why you'd lie about holding since 2013.
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04-06-2018, 08:48 PM #243
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04-07-2018, 08:30 AM #244
I bought most of my crypto in March/April 2017 which is probably why I said all. I also bought some Bitcoin December 2013 and received Ethereum for the first time from a client I train in March as payment because he knew about it.
Never once did I say I got Ethereum at $5. I got my first one at $40 I think355 Bench
565 Dead
520 Parallel Box Squat
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04-08-2018, 07:12 AM #245
Fair point - no cryptocurrency at the moment is competing with VISA. A few people are using it because they like the decentralized aspect so much but they are few and far between. The transaction speed, volatility, and ability to use it daily is not anywhere near the credit capability today.
That being said the currency aspect is really the tip of the iceberg on what the tech allows. It may eventually get to a competitive point but in the meantime there are other uses for it that are being worked on in the background that people aren’t aware of. Everyone’s locked in to an idea that it’s money...it’s not.. it’s way more useful
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04-08-2018, 10:32 AM #246
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04-08-2018, 10:57 AM #247
I will as an engineer. Here are a few benefits of the blockchain technology :
- Blockchain allows safer databases. If it's decentralized, it can't be hacked. You can successfully hack one network node, 2 , maybe a hundred, but you'll never succeed in hacking everything.
- Blockchain is already rivaling VISA's transaction speeds. Check HPB, they're doing 40000 TS, Plasma will be, theoretically doing 1 million transaction per second.
That being said, decentralizing everything is not the solution, but in some cases it can be very useful, mostly in the financial system, because blockchains are transparent, easy to track, irreversible without centralizing (no manipulation is possible). The only downside is the volatility, and the immaturity of the technology.
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04-08-2018, 11:04 AM #248
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04-08-2018, 11:17 AM #249
- I never mentioned anything about token holders. Token holders only get benefits in systems that are made to benefit them. For example, Proof of Stake token holders, earn money from staking their coins and acting as nodes for transactions. Transactions costs are given to the token holders making the transaction. From a blockchain point of view, you can get rid of this system, and blockchain would technically still be a blockchain if you use 2 computers. However, to decentralize the network, you need a lot of people and a consensus. To give motivation for people to run the network, you give them transaction cost rewards, because if you don't have token holders, you don't have decentralization and the blockchain fails. ( for the hacking security part )
- You are absolutely right. However, there are many flaws in the current financial system that cryptocurrencies, if they work properly, could fix:
1) It takes some time to transfer funds : 2-3 business days.
2) What do people with no bank accounts do. The SEA region has over 300 million people without banks. How can they use VISA ?
3) Some people don't trust financial institutions and believe they are profiting over average joe's, and manipulating the markets. How do you give confidence back to these people? Decentralization.
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04-08-2018, 11:28 AM #250
I've maintained the opinion that there could be one crypto currency to rule them all - and that would be a digital version of an existing currency. Lets say a legitimate pseudo-anonymous version of Tether. It would actually be better than cash for the US government, it would be traceable for investigations, able to be siezed, etc. This would also take care of the unbanked. Maybe even a trusted third party could digitize cash or gold for the unbanked. Just like tether - except legal/legitimate.
Point 3 - I concede there will always be a demographic that has an inherent distrust of the government - and for those people crypto may be the lesser of 2 evils.
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04-08-2018, 11:53 AM #251
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04-08-2018, 12:36 PM #252
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12-05-2020, 09:11 PM #253
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12-08-2020, 08:12 AM #254
I think Bitcoin is highly volatile and is just as likely to crash again as last time. Obviously a great buy if you got in at a good price. But its been pumped lately. I think mainly due to election turmoil and Covid.
When a bunch of morons start talking about buying something/making money/ about how easy it is. Its a good indicator that a bunch of plebs are buying into something they don't fully understand.
I'd rather put my money in the market, and I am up 40% this year. But I do watch Bitcoin prices as well out of curiosity.
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12-08-2020, 08:34 AM #255
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12-08-2020, 10:54 PM #256
Bitcoin is up a lot more than 40%
"When a bunch of morons start talking about buying something/making money/ about how easy it is. Its a good indicator that a bunch of plebs are buying into something they don't fully understand."
Morons could have gotten in around 2013, bought on pure hype and would still be up significantly
It's much more important to ignore all the emotion and to properly evaluate Bitcoin on its fundamentals
https://www.youtube.com/watch?v=6RuQhsNAYh8&t=104s
https://www.youtube.com/watch?v=ONvg9SbauMg&t=1774s
Watch these two videos. The first one is a billionaire rocket scientist, who got rich from the .com bubble, bought up all the internet domains before everyone, got rich on tech stocks like Apple and Google, and owns all the longest running tech company on the stock market. He basically put everything he and his company had into Bitcoin.
The 2nd is from Andreas who has an extreme understanding of Bitcoin from a technical and world point of view
Watching these two videos could change your life and perspective on this. You bring up how morons are buying. What about when the smartest and some of the richest people in the world decide to go all in? Still stupid? Microstrategy, Michael Saylor's company, just bought another 50 million dollars of BTC at an average price of $19,400, which is probably what you would consider the opposite of a good price.355 Bench
565 Dead
520 Parallel Box Squat
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01-03-2021, 04:55 PM #257
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01-03-2021, 05:56 PM #258
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01-03-2021, 06:45 PM #259
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01-04-2021, 12:42 AM #260
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01-04-2021, 04:48 AM #261
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01-04-2021, 05:27 AM #262
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01-09-2021, 06:23 PM #263
Hey guys.
Whats the best platform for me to use to buy some crypto currency. I already have an etoro account with a few thousand in but wanted another one.
I will be putting £100 per week in and investing for long term profits over the space of a few years.==CRYPTO CREW==
==2009 LURKER CREW==
==UK CREW==
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01-09-2021, 06:35 PM #264
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01-09-2021, 08:31 PM #265
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01-10-2021, 08:00 AM #266
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01-23-2021, 03:29 PM #267
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01-23-2021, 03:30 PM #268
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01-24-2021, 02:57 AM #269
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01-25-2021, 08:47 PM #270
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