You can use Coinbase's trading exchange (GDAX) to eliminate the premium of buying (and selling) bitcoin. The two are tightly integrated.
If you bought Bitcoin on Friday, you have lost almost 28%
- Thread starter Pekelo
- Start date
You can use Coinbase's trading exchange (GDAX) to eliminate the premium of buying (and selling) bitcoin. The two are tightly integrated.
Nobody uses gold as currency even though everybody talks about gold as a currency. Does gold store value and if yes then why? Is being yellow and shiny enough to store value for investors? Gold is just an asset class. But so is bitcoin. If you look at virtual periodic table of cryptocurrencies, you might see it there.
As they say bitcoin is digital gold.Where is the U.S. Dollar? Or any other currency?
The blockchain is the brilliance in Bitcoin, this does not equate to anything having to do with price action. Other concepts which I don't read about here are its low costs/ease when transacting in Micro Transactions like less than $5.00, payment intructions, ETC. IMO, in order for Bitcoin to gain mainstream popularity in the form of a currency it needs to stabilize as per what MT is saying and it needs regulation so the mass feel comfortable not getting stiffed which in counter to what Bitcoin is all about. peace.
Exactly, the dollar is backed by nothing but the trust we have it will be there when we need it. If there was a run on the bank today the $33 chasing the $1.00 in deposits would evaporate the system.
It's a stamp of every transaction. The equation being solved by the miners is to make sure that the transaction is not duplicated. So for example if I have $1000.00 in my conventional checking account but I hand out 5- $1000.00 checks what will happen? 4 of them will get bounced by my bank. That's what the blockchain basically does, it makes sure that you are not making bogus transactions. that's my understanding.
Nobody uses gold as currency even though everybody talks about gold as a currency. Does gold store value and if yes then why? Is being yellow and shiny enough to store value for investors? Gold is just an asset class. But so is bitcoin. If you look at virtual periodic table of cryptocurrencies, you might see it there.
But can you make me a 30" Cuban Link Chain with some bling out of this crypto-$$$$
Nobody uses gold as currency even though everybody talks about gold as a currency. Does gold store value and if yes then why? Is being yellow and shiny enough to store value for investors? Gold is just an asset class. But so is bitcoin. If you look at virtual periodic table of cryptocurrencies, you might see it there.
I am not sure if you are living on planet Earth, but gold is used as a currency. Gold has physical properties that make it an accepted store of value. Please read a history book.
It is possible bitcoin may become dominant, but there is no way it can ever overcome physics.
Right, so if you had to choose one thing to store your monetary value in, what would it be? The choice is obviously gold for me.