Bitcoin "Freefall"

ph1l said:
One could always write down the information. It's hard to see, but in this example, I think he's writing "IOU 0.00008163 Bitcoin.":D
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Dude, the days of self-sufficient cashiers are over. Not only can they not count change in their heads, a problem that has been going on for years and years, but they would not know the hell to do if power went out and needed to charge to a card. As mentioned above, embossing is practically gone so the CC swipe bars and carbon paper are not an option.

Writing information down and entering it into a POS terminal when the power comes back up? BWHAHHAHA! In what century do you think we live in? The 20th? HAHH
 
Sprout said:
This recently happened to me. Power went off. Com lines and data were still up and I could continue trading on my phone. Oh, no cell reception here, hop to another area where there is.

Have you recently checked PoS credit/debit terminals?

Newsflash: They all run on power and DON'T when there is none.


There are folks pre-emptively solving a non-existent problem;

https://www.wired.com/story/cypherpunks-bitcoin-ham-radio/

https://twitter.com/x/status/1095354354289135617
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Exactly why I love the technology. Very cyber punk!
 
virtusa said:
Logical that I am not up to date. I made my decision years ago. Could trade many years before BTC with big leverage.
I have much lower drawdowns in ES futures, which is very important. The crazy volatility of BTC does not work as good as the lower volatility of the ES. My trading works much better with ES. I did simulations with BTC when my son was still daytrading BTC. We both saw clearly the underperformance of BTC with my trading plan.
I also don't trust BTC and all these precautions, like several addresses and wallets and all the other risks.
I have no risks to see my money disappear, nobody is hacking my trading account or bank account, so why make life difficult if I can keep it simple. The risk of a huge crash in ES is also much smaller than in BTC.
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Not sure why you are in an "either/or" frame between BTC and ES. As you have admitted, your specific strategy doesn't port. Do you understand that most BTC trading happens off-chain?

Trading the ES is great. There are just some of us whom want to understand the future that is crystalizing into the present with these technologies. Having an in depth understanding of these exponential technologies that can scale reduces risk.


Tbh, you sound a bit like floor traders before ECN's put them out of a job.
 
Poljot said:
I read above posts and assume the average age of opponents is higher then proponents of bitcoin and it is not to offend anyone. It is a generational bias that is speaking imo.
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A better analogy is that younger Crypto investors have not gone through a dot com type crash like older investors did. Lots of parallels between Cryptos and dot coms of the late 90s and early 2000s. I imagine there will be a crash at some point similar to the dot com crash in the Crypto space. Whether a Crypto company with some kind of usefulness arises like Google or Amazon only time will tell.
 
albion said:
A better analogy is that younger Crypto investors have not gone through a dot com type crash like older investors did. Lots of parallels between Cryptos and dot coms of the late 90s and early 2000s. I imagine there will be a crash at some point similar to the dot com crash in the Crypto space. Whether a Crypto company with some kind of usefulness arises like Google or Amazon only time will tell.
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Did you miss the great crypto crash of 2018?
 
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