Paypal and visa are only filling a demand to make money for themselves. Sure, it may lead to more people investing into the bubble, but it will collapse at some point. And bitcoin especially is not suited as a payment in daily life. Almost no one uses it as payment even after 11 years. Almost no one. It´s not a good currency nor a good store of value. It´s a good spesulation/gambling asset. The black market probbaly uses it a little bit, but I think monero and other coins will take more and more over in that market, in the coming years.
Most companies you can pay in crypto doesn´t actually receive your crypto, the crypto gets converted to fiat automatically, and the seller gets fiat, not your crypto. Very few businesses would want to hold crypto at the moment because it carries way too much risk. Only idiots like MicroStrategy are buying/gambling on bitcoin, and the CEO doesn´t even understand bitcoin, yet all the bitcoin ****s praise him.
There are many good arguments to support blockchain and crypto, but many good arguments for bitcoin. It´s a clever scheme and supporting something that will eventually collapse is bad imo. And the bigger it gets, the bigger the collapse will be, and more people will lose money. Bitcoin also hinders innovation at this point. It has no good fundamentals other than the security fundamental, but that will be lost in a few years.
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11-28-2020, 09:23 AM #61
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11-28-2020, 09:26 AM #62
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11-28-2020, 09:27 AM #63
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11-28-2020, 09:29 AM #64If You Don't Like To Talk About Your Feelings, This Might Help...
https://forum.bodybuilding.com/showthread.php?t=178926621
The Most Heartbreaking Thing That I've Learned About 'The Elite'.
https://forum.bodybuilding.com/showthread.php?t=178536851
Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
https://forum.bodybuilding.com/showthread.php?t=179820783
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11-28-2020, 09:31 AM #65
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11-28-2020, 09:31 AM #66
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11-28-2020, 09:37 AM #67
- Join Date: Apr 2009
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We can agree to disagree. The timeframe we were debating alone is different so we're actually more on the same page than I originally thought. BTC is 100% not secure anymore just FYI.
If this was true then BTC wouldn't be so volatile but its extremely volatile therefore this isn't even close to true.
You are limited to BTC, ETH, BCH and LTC on coinbase to purchase with US dollars now I guess. There are thousands of other cryptocurrencies available that can only be purchased with BTC. I'm sure I'm missing something else too because the freedom has consistently gotten better with buying crypto.
Not too long ago you couldn't even buy the above w/ any currency besides BTC. That is what I meant.Journal: https://forum.bodybuilding.com/showthread.php?t=139898123&page=240
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11-28-2020, 09:37 AM #68
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11-28-2020, 09:39 AM #69
I agree with all your thoughts on Bitcoin.
It's only strength is that it's the most well known, in every other regard there are better cryptocurrencies than Bitcoin.
If I buy something using Crypto and they have XLM option I use them. Quick, cheap and easy.
I respect what Roger Ver is trying to do though, he and the BCH team seem to want to fix or the flaws with Bitcoin Cash so that it can be used as an actual alternative currency.If You Don't Like To Talk About Your Feelings, This Might Help...
https://forum.bodybuilding.com/showthread.php?t=178926621
The Most Heartbreaking Thing That I've Learned About 'The Elite'.
https://forum.bodybuilding.com/showthread.php?t=178536851
Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
https://forum.bodybuilding.com/showthread.php?t=179820783
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11-28-2020, 09:43 AM #70
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100% agree and this was one of the points I was trying to make. There are many reasons why this holds so much truth. Thing is...any of the good/new cryptos that are the "best" most "secure" can only be purchased with BTC, nothing else. This is why btc has much life in it still. But if things change, I may change my opinion.
Journal: https://forum.bodybuilding.com/showthread.php?t=139898123&page=240
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11-28-2020, 09:43 AM #71
Coinbase isn't the only game in town, as you know.
You can literally buy Crypto directly with fiat without ID, from places like https://local.bitcoin.com/ and https://localmonero.co/
I would say that Bitcoin Cash and Monero are better than Bitcoin for different reasons, and they can be purchased directly with fiat using the links above.If You Don't Like To Talk About Your Feelings, This Might Help...
https://forum.bodybuilding.com/showthread.php?t=178926621
The Most Heartbreaking Thing That I've Learned About 'The Elite'.
https://forum.bodybuilding.com/showthread.php?t=178536851
Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
https://forum.bodybuilding.com/showthread.php?t=179820783
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11-28-2020, 09:45 AM #72
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11-28-2020, 09:46 AM #73
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11-28-2020, 09:51 AM #74
- Join Date: Apr 2009
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Not to mention the other various forms of black market shenanigans, pump/dumps, new investors, new cryptos being made so more hype carryover to BTC ETC ETC. No doubt BTC is one of the shadiest of all "currencies" "Investments" "assets" whatever you wanna call it. But what I'm trying to articulate to this whole thread is its going to continue to be around for a while and that's an easy call. Its just now starting to become mainstream as we all know and because of that it still has a lifespan. Now to try and predict how long that life will last is a whole different ballgame.
Journal: https://forum.bodybuilding.com/showthread.php?t=139898123&page=240
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11-28-2020, 09:53 AM #75If You Don't Like To Talk About Your Feelings, This Might Help...
https://forum.bodybuilding.com/showthread.php?t=178926621
The Most Heartbreaking Thing That I've Learned About 'The Elite'.
https://forum.bodybuilding.com/showthread.php?t=178536851
Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
https://forum.bodybuilding.com/showthread.php?t=179820783
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11-28-2020, 09:59 AM #76
- Join Date: Apr 2009
- Location: California, United States
- Posts: 28,996
- Rep Power: 219827
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11-28-2020, 10:15 AM #77
Whats funny is that bitcoin has a very centralized coin distibution. Even more centralized than the fiat distibution haha. Bitcoin was supposed to be this super decentralized fair currency, but it´s more centralized than fiat lol. A handful of people/institutions own half the bitcoin supply. Just wait until they start to sell
For a cryptocurrency to have any chance at all to truly have a respectable coin distribution, it NEEDS a wide varity of usecases. If not, it doesn´t even stand a chance.
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11-28-2020, 10:18 AM #78
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11-28-2020, 10:23 AM #79
Monero. https://localmonero.co/
And I remember when BCH came out, good fkin times lol.If You Don't Like To Talk About Your Feelings, This Might Help...
https://forum.bodybuilding.com/showthread.php?t=178926621
The Most Heartbreaking Thing That I've Learned About 'The Elite'.
https://forum.bodybuilding.com/showthread.php?t=178536851
Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
https://forum.bodybuilding.com/showthread.php?t=179820783
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11-28-2020, 10:40 AM #80
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11-28-2020, 10:40 AM #81
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11-28-2020, 10:44 AM #82
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11-28-2020, 10:45 AM #83
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11-28-2020, 10:47 AM #84
I'm not the person to take crypto buying advice from. I strongly advise you to do a few weeks research into the project, and then come to a conclusion about it's long term potential.
I'm someone who believes that 'the elite' are screwing us economically, and are trying to phase out cash trackable currencies, so these days I mainly look into crypto as a way of subverting the system.If You Don't Like To Talk About Your Feelings, This Might Help...
https://forum.bodybuilding.com/showthread.php?t=178926621
The Most Heartbreaking Thing That I've Learned About 'The Elite'.
https://forum.bodybuilding.com/showthread.php?t=178536851
Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
https://forum.bodybuilding.com/showthread.php?t=179820783
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11-28-2020, 10:53 AM #85
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11-28-2020, 10:58 AM #86If You Don't Like To Talk About Your Feelings, This Might Help...
https://forum.bodybuilding.com/showthread.php?t=178926621
The Most Heartbreaking Thing That I've Learned About 'The Elite'.
https://forum.bodybuilding.com/showthread.php?t=178536851
Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
https://forum.bodybuilding.com/showthread.php?t=179820783
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11-28-2020, 11:00 AM #87
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11-28-2020, 11:00 AM #88
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11-28-2020, 11:22 AM #89
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11-28-2020, 11:27 AM #90
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