LOL!!
I'm not whining about anything I'm trying to get an answer out of you that you can't or don't want to answer. A yes or no answer would have sufficed.
But in true Johnarb fashion you resort to blaming me for asking the question.
Bitcoin Price Thread
- Thread starter Magna
- Start date
I'm not whining about anything I'm trying to get an answer out of you that you can't or don't want to answer. A yes or no answer would have sufficed.
But in true Johnarb fashion you resort to blaming me for asking the question.
How is it that my first answer was not sufficient? When I said it does not matter
How much time have you wasted from us with you nitpicky questions?
Anyway, don't be lazy, google it, I seem to recall many instances where a house was priced in bitcoins or expensive art pieces
Well "it doen't matter" isn't really a good answer. You didn't explain why it doesn't matter. If you are trying to convince me that bitcoin is a currency then it does matter.
As for using google, I did that and didn't find anything. It's why I asked if there was anyplace you were aware of.
It is best to not fall for it. I almost feel like saying we just need to wait for Bitcoin to either hit 100k or 1k, and then the price can settle all these arguments.
But I will say that I don't need Bitcoin to be accepted everywhere, just like I don't need a debit card to have access to my long term savings account. If I want to use long term savings, I transfer it out, so an extra step. Likewise, I doubt I will use Bitcoin for purchases every day but rather convert to dollars when I need to. Very happy to use dollars if year after year I get more dollars for the same amount of Bitcoin I have stored away.
You're accusing me of the very thing you're doing, douchebag
Millions of people all around the world, in Africa, in El Salvador, in Dubai, in South Korea, in Turkey and online using bitcoin and cryptos and now you're trying to convince us that all those goods and services have to be priced in bitcoin and cryptos?
And who the fuck are you to dictate that term and move the goal post?
Fuck off, deaddog
But isn't this just using Bitcoin as an investment? Like putting your spare savings in stocks or gold?
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Here's a question for you. Would you take a job that paid 1.2 BTC per year? Every month you get paid 0.1 BTC.
Had you done this 12 months ago it wouldn't have seemed too bad a salary. Now you might have trouble paying the rent.
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Bottom line is, BTC is too volatile other than for long term (speculative) investment.
If you can choose between 2 propositions, which one would you take:
You receive end of every month for the past 5 years $5,000.
Would you invest it in:
Invested in the stockmarket or in trading you would have after 5 years the same amount if you make 1.39% return per year.
If you would just buy each month Apple for $5,000, you would have today 3,853 shares for a value of $514,337. With 100 times less risk. Plus dividends. These are real numbers that you can check, not imaginary numbers from wishfull thinkers.
I make in daytrading more than 1.39% per DAY, not per year. Why invest in BTC????
You receive end of every month for the past 5 years $5,000.
Would you invest it in:
- BTC.
- $ in the stockmarket or in trading.
Invested in the stockmarket or in trading you would have after 5 years the same amount if you make 1.39% return per year.
If you would just buy each month Apple for $5,000, you would have today 3,853 shares for a value of $514,337. With 100 times less risk. Plus dividends. These are real numbers that you can check, not imaginary numbers from wishfull thinkers.
I make in daytrading more than 1.39% per DAY, not per year. Why invest in BTC????
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Bitcoin is a multi-use digital crypto asset
- Bitcoin is monetary network
- Bitcoin is a scarce digital asset
- Bitcoin is payment network
- Bitcoin is a medium of exchange
The problems with the critics like you is that you attack different sides at different times
Right now, nocoiners are enjoying the fact that the price is down and they keep pointing that out. It's a crypto winter aka bear market
Other nocoiners would say no one uses it for payments. This is true in the developed countries but millions of people in the emerging countries, in Brazil, Turkey, Lebanon, El Salvador, countries in Africa do use Bitcoin for payments
Nocoiners do not attack the monetary network because the alternative banking are very much inferior. El Salvador spends $400 Million/year in remittance fees to Western Union, MoneyGram, etc and now when they send money using any Bitcoin lightning network wallet, the cost is very little like 1 cent, but if they use Chivo wallet, the cost is $0
You compare Bitcoin to gold because right now gold is doing better the past 2 years but no one uses gold for payment, but you won't bring that up
You also won't bring up the monetary network of sending gold across borders
Ed48, enjoy this time of the bear market. We will also enjoy the bull market
But one thing you need to understand is that Bitcoin and crypto assets are not over
Bitcoin is at $18K
