US SEC accepts six spot bitcoin ETF proposals for review

[deaddog]

I paid my TradingView subscription with bitcoin, and my ExpressVPN subscription with bitcoin and where I'm at, I can use a bitcoin lightning wallet in over 1,000 stores, restaurants and brick and mortars to pay using bitcoin

I have to assume that you are billed in US Dollars. Do you have to go thru an intermediary to convert BTC to USD? What kind of exchange rate applies?
I know I can buy stuff in the US with Canadian dollars but I usually get raped with the exchange rate. Better for me to convert to US and pay USD direct to the vendor.
I'm aware that there are a lot of vendors that accept BTC as payment but are there vendors that price their merchandise in BTC. I'm guessing not because of the fluctuation in value from day to dy.

 

[johnarb]

I don't pay attention to it every day, but one day last week I noticed it was down over a grand, that's ~3-4%, yes?

yea, that's about right. It also went up by same amount

Is that a lot for a 24 hour move? A purchase takes less than 1 minute to lock in all the prices

 

[johnarb]

I have to assume that you are billed in US Dollars. Do you have to go thru an intermediary to convert BTC to USD? What kind of exchange rate applies?
I know I can buy stuff in the US with Canadian dollars but I usually get raped with the exchange rate. Better for me to convert to US and pay USD direct to the vendor.
I'm aware that there are a lot of vendors that accept BTC as payment but are there vendors that price their merchandise in BTC. I'm guessing not because of the fluctuation in value from day to dy.

You assume wrong. I'm no longer in the US

Anyway, when I pay, the wallet shows bitcoin and the fiat price

You need to try it in order to understand it's not a big deal. Put fucking $100 and spend it

A $10 purchase with a 3% 24 hour price change in bitcoin is only 30 US cents. 30 fucking cents for 24 hours on that $10 purchase and you are losing your mind

Most days bitcoin doesn't move that much

 

[deaddog]

You assume wrong. I'm no longer in the US

What did you do, move to El Salvador?
Are your Tradingview and express VPN subscriptions billed in BTC or fiat?

A $10 purchase with a 3% 24 hour price change in bitcoin is only 30 US cents. 30 fucking cents for 24 hours on that $10 purchase and you are losing your mind

Most days bitcoin doesn't move that much

Bitcoin moves about 2.5% per day. At least thats what the Average True Range (14) shows on my charts.

Now 3% on a 10 dollar purchase doesn't sound like much but when you apply it to your total BTC holdings it adds up.

 

[traderjo]

tHIS GUYS

Bitcoin and cryptos are a global and internet currency now, but unofficially

That is the point. It functions as a currency right now without any centralized entity announcement. El Salvador has made bitcoin legal tender, officially

I paid my TradingView subscription with bitcoin, and my ExpressVPN subscription with bitcoin and where I'm at, I can use a bitcoin lightning wallet in over 1,000 stores, restaurants and brick and mortars to pay using bitcoin

Fink knows all of these, which is why he can say it with confidence. Bitcoin and cryptos are functioning as a global currency

And bitcoin and cryptos don't have to ask nobody for permission

But you are waiting on your government officials to give you the ok, first, just like when they told you how to wipe your ass...

but unofficially lol any way no need to reply you foulmouthed Crypto Cult member

 

[traderjo]

That is nonsense. They are currently NOT holding any global currency or payment exchange status whatsoever. Please tell us how many percent they exchange in payments off the total globally exchanged. Hardly anything. A mere drop in the bucket.

The problem with you guys is that you have utterly different motivations why you hype cryptos, motivations you shy away from openly admitting. You guys are gamblers and need your drug of choice legalized. The real grudge you hold with the current system is not the current fiat system nor its weak points. I doubt you guys even understand yourself what you really are so against and why.

The problem with you guys is that you have utterly different motivations why you hype cryptos, motivations you shy away from openly admitting. You guys are gamblers and need your drug of choice legalized. Could not agree more LOL

 

[M.W.]

You compare apples with oranges. If you single out bitcoin then I can name you dozens of stocks that performed better than bitcoin, 1y or YTD. If you speak of the entire crypto space then other asset classes performed way better than the entire crypto space 1y ago and YTD. Take your pick.

You're the one struggling to understand why bitcoin has not died and is the best performing global asset this year per Goldman Sachs report

And you don't understand why Blackrock, JP Morgan, Goldman Sachs, et al are all bowing their knees to Bitcoin, remember your words...

It's because you are an idiot and mentally incapable to understand the Bitcoin and crypto assets

Don't worry, within 2 years, you will see more.... but you will still not understand.... because you're too dumb

 

[M.W.]

There was always a reason why a currency lost value. The British pound greatly lost in value, namely because the British empire turned into a failed state that even exited the EU and now begs to be let in again. Has nothing to do with the fiat financial system whatsoever. In fact, the devaluation ensured that the currency was priced correctly, purely based on demand and supply. Same with the US dollar, the reason so much is printed is because so much is demanded. The abuse by politians to finance their ridiculous spending programs has zero bearing on the validity of the fiat monetary system.

Interestingly, my history has always shown that the fall of the Great Roman Empire was due to the debasement of the currency, despite numerous leaders having tried to solve this issue right up to the final downfall. If you pay attention to the Denarius coin in its 200-year existence, you will see firsthand what the hell happened.

...and what is happening now.

 

[M.W.]

Haha, thank you but no. If you can't explain in simple terms how your pyramid scheme works, nobody in their right mind put 100 bucks into it, I certainly won't. But I perfectly well understand that you wish for nothing more than 4 billion people on earth each putting 100 bucks into your pipe dream to just "try things out". That would just confirm your pyramid scheme. An asset class with zero backing nor intrinsic value going to the moon just because of rampant speculation and fomo.

You assume wrong. I'm no longer in the US

Anyway, when I pay, the wallet shows bitcoin and the fiat price

You need to try it in order to understand it's not a big deal. Put fucking $100 and spend it

A $10 purchase with a 3% 24 hour price change in bitcoin is only 30 US cents. 30 fucking cents for 24 hours on that $10 purchase and you are losing your mind

Most days bitcoin doesn't move that much

 

[M.W.]

And a 800k house purchase would expose the buyer and seller to about 32,000 dollar risk throughout a single day. At least be honest and stop using your 10 buck candy examples to minimize the exposure risk.

You assume wrong. I'm no longer in the US

Anyway, when I pay, the wallet shows bitcoin and the fiat price

You need to try it in order to understand it's not a big deal. Put fucking $100 and spend it

A $10 purchase with a 3% 24 hour price change in bitcoin is only 30 US cents. 30 fucking cents for 24 hours on that $10 purchase and you are losing your mind

Most days bitcoin doesn't move that much