$600 Bitcoin
- Thread starter r3p1v
- Start date
Androids tokens already went up 1.5x. More to come soon I believe. Florin is going good too but has very low volumes, unfortunately
Assuming Bitcoin becomes widely accepted, or whatever, I believe a majority of these altcoins will fall to the wayside. I mean, a lot of them don't even provide any added "benefits" so I don't see the point in them at all. SexCoin? From what I understand their entire pitch is "You can pay for porn and it won't show up on your bank account/credit card statements!" Like you can't pay for porn with Bitcoin?
If people think we need a coin for purchases in every little niche they're fucking crazy. I'm not going to exchange my money into what would essentially be "gift certificates" for every purchase in every niche I make.
"Damn I want some food, better go exchange some money for FoodCoins™, oh I want clothes now, guess I need FashionCoins™."
Universal currency or bust. This niche shit is stupid.
Yeah, I think there might be room for 1 or 2 altcoins that manage to market themselves enough to where merchants just add them as payment options to cover all their bases. But Sexcoin, Weedcoin, and all related are just idiotic - regardless of whether the value goes up in the short-term I doubt there's even enough liquidity to unload them for a quick buck.
Litecoin is the 2nd coin. The charts from bitcoin & litecoin are in snyc. China is mainly a litecoin land. And they own now bitcoin too.
Try http://fiatleak.com/ if it on again - you can see there who is dealing with bitcoins. After the last crash bitcoin has become a chinese coin.
Try http://fiatleak.com/ if it on again - you can see there who is dealing with bitcoins. After the last crash bitcoin has become a chinese coin.
Damn... he's right.. btc flying into China..
Currently (roughly) buying about 3-4x the amount the U.S. is.
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Pretty much agreed with you. I'm in cryptocoins (including bitcoins) only for pumps n dumps until I can actually get paid more in coins for the work I do.
Meh.. I didn't watch long enough.. it goes back and forth.. but China is buying more it looks like.
Perhaps I should say daytrading rather than speculating; but there is a difference between what I do and pure speculation: I Horde, not merely speculate. I'm in it to win it, to be rich in Bitcoin, not USD.
Speculators as we spoke of before aim to make cash windfalls.
It's not time yet. As I've been saying for months, 2017 will likely be that time.
J'accuse you of slander because you keep pretending to be stupid and saying the same harmful sentiment: "Bitcoin doesn't have a secondary purpose" -After I've gone through great lengths to spell them out, as Stefbot did in his video too.
You wish. Again, 2017 bro.
What is that your mating call? You argued for FDIC and other statist protections over the free market...
I LAUGH AT THEE FIRST! :1orglaugh::1orglaugh::1orglaugh:
Bullshit. I advocate arbitraging bitcoin for the health of bitcoin all over the web. Had a long conversation about it yesterday on facebook... Arbitrage is healthy, but simple daytrading at these low volume levels kinda sucks until we've reached enough adoption.
AGAIN, 2017 on that is my prediction. Could be sooner if some government does something really stupid first though.
I do not use it to validate the project. Are you attempting yet another strawman?
I use price level to explain how it will eventually become stable and therefore be usable as money. You've got it backwards.
You be correlatin' up in yo causation!
A $10,000 bitcoin will still suffer volatility swings that scare noobs off from using it as the currency satoshi meant it to be. At that level one milibit will be worth $10 one day, $9 the next, $12 the next, and $8.50 the next... Still too difficult for buying a gallon of gas.
However, a $100,000 coin won't suffer nearly as much down at the level of daily usage... 100 Microbits will be worth $10 one day, $10 the next day, and $10 the day after that without a doubt.
High price doesn't validate the project; It causes the project to eventually succeed. You've got the cause & effect backwards.
The myriad of 2ndary uses like legal contracts & payment transfer methods will all be super useful no matter how small the price is.
The currency however needs to go a couple of orders of magnitude up from here before we find it truly useful.
Yep, it's called Gold Fever.
Trust me on this one; I recognize the symptoms from experience:
Awesome Your_Pal! Glad to hear it.
Is your site geared towards Indians? This weekend is the first Bitcoin Conference in India, held in Bangalore: Global Bitcoin Conference | Global Bitcoin Conference 2013 @ Bangalore, India
From what I hear the Indian bitcoin community is right on the edge of exploding... You might want to check it out for yourself & make some local bitcoin connections.
He's a billion years old. Most coiners are under 30. At least he's not against it.
Just the cryptocurrency market. I'll give him credit for knowing the established ones.
Just a bit of a shill, not so much a fool.
I'm a bit more forgiving than you apparently. I'm cool with bitcoin never being his preferred money even... We'll always have fuddy-duddys like computer-illiterate grandpas clinging to their gold because that's all they understand... Cryptography and open source infrastructure isn't easy for most ppl to understand & trust.
Funny thing with the planet I've noticed though; those ppl are always the next in line to not exist anymore. Meanwhile schools are filled with 9 year olds that can pay their college tuition in bitcoin already because they've been mining since they were 7.
These kids will never have a use for gold outside their circuitboards. Their universe is already fully online, and their money must be there too. Only the blockchain offers them that.
Bitcoin doesn't have a secondary purpose Luke. Also, it's not slander because everyone in the world knows Bitcoin is not a person, except you apparently.
What free market protections does Bitcoin provide? Which of them don't use the state legal and enforcement mechanisms?
Right, zero.
But aren't you a hypocrite since you don't actually use Bitcoin yourself?
If it has so much utility and it is such a great thing for the marketplace, why are you still using fiat currency over BTC?
An intellectually honest man has a hard time offering a prediction. You do it too often, too freely.
Once again referencing a concept you don't understand (I still laugh when remembering you talking about transaction costs).
Price level isn't causative of utility. If so, diamonds would have been money instead of gold.
Gold had attributes superior to diamonds for use as money, as I have explained that Bitcoin lacks the proper attributes to be money, no matter how much people like you wish it to be so.
Also, anyone can look at your posts to see you talking about silly crap like BTC = 1 million and so forth. You don't actually use BTC and you're a pumper because you're a speculator, while having the gall to accuse Peter Schiff of being someone with self interest at heart for doing EXACTLY WHAT YOU DO.
But within all the piles of bullshit, hes more right than you might think. in his own twisted world at least. the person that doesnt want to speculate is supposed to hold the stable asset which is just called currency.
you know, currency isnt something magical. currencies like the dollar are just an etf on the entire economy.
that he doesnt understand shit doesnt mean he cant be right. hes the guy who makes a dozen mistakes on his math exams and wonders why he didnt get any points because the result is somehow correct.
you know, currency isnt something magical. currencies like the dollar are just an etf on the entire economy.
that he doesnt understand shit doesnt mean he cant be right. hes the guy who makes a dozen mistakes on his math exams and wonders why he didnt get any points because the result is somehow correct.