[QUOTE=Noss;52984848]Yeah everyone knows you're not allowed to engage in discussions if you dislike the subject in question.[/QUOTE]
I'm just wondering how he thinks it's "evil". It's not really engaging in a discussion if you just make a silly claim like that and leave it at that without explaining, it's not possible to take a statement like his seriously
[editline]17th December 2017[/editline]
[QUOTE=hexpunK;52984853]Oh please don't run this nonsense about it being an "investment". Usually when you invest into something it generates real value. The money is appropriated into something like expanding a company or funding projects otherwise un-fundable. It generates revenue through its success and loss through its failure. Crypto isn't an "investment" as the value is being generated entirely by gullible fools speculating on an inherently unstable "currency" (that can't function as currency thanks to the speculation).
You're playing the lottery at best, crypto trading isn't investment in the slightest. It's guesswork[/QUOTE]
If I put a certain amount to money into something, wait, and get more money out, I'm gonna call it an investment. A risky and uncertain investment sure, but an investment.
[QUOTE=Chris Morris;52984467]I fucking hate capitalism and how it seems to corrupt and infest people with this insatiable desire for more. People I know who repulse normal stock trading seem to think that BTC is a "not evil" method of investment and I'm like ??? it's the same fucking shit.[/QUOTE]
People have a desire to prosper financially what a bunch of corrupt and sick fucks
[QUOTE=BusterBluth;52984877]People have a desire to prosper financially what a bunch of corrupt and sick fucks[/QUOTE]
I mean in principle I think capitalism is a cancer and the trading aspect of it is yet another tumour, but in terms of practicality it's probably the best system we're ever going to have.
[QUOTE=hexpunK;52984853]Oh please don't run this nonsense about it being an "investment". Usually when you invest into something it generates real value. The money is appropriated into something like expanding a company or funding projects otherwise un-fundable. It generates revenue through its success and loss through its failure. Crypto isn't an "investment" as the value is being generated entirely by gullible fools speculating on an inherently unstable "currency" (that can't function as currency thanks to the speculation).
You're playing the lottery at best, crypto trading isn't investment in the slightest. It's guesswork.
[editline]17th December 2017[/editline]
And all I want is a god damn drop in GPU prices. Crypto is a continuing bane on my existence.[/QUOTE]
I prefer to choose cryptocurrency over lottery where my chance of making profits doesn't depend on getting all 6 numbers right.
[QUOTE=Chris Morris;52984467]I fucking hate capitalism and how it seems to corrupt and infest people with this insatiable desire for more. People I know who repulse normal stock trading seem to think that BTC is a "not evil" method of investment and I'm like ??? it's the same fucking shit.[/QUOTE]
Why is investing evil?
[QUOTE=Chris Morris;52984467]I fucking hate capitalism and how it seems to corrupt and infest people with this insatiable desire for more. People I know who repulse normal stock trading seem to think that BTC is a "not evil" method of investment and I'm like ??? it's the same fucking shit.[/QUOTE]
Bitcoin and stock trading are not at all the same. Stock is a share of ownership in a company/thing and bitcoin is a currency. With stock trading you're giving a company money in exchange for a % of the company with the expectation that your contribution will make the company more value. Bitcoin is more akin to currency trading. It's like me converting some of my money to say, euros, and then converting it back to USD once the value of said currencies change in my favor. Or converting your USD into Euros so you can do business in Europe. Except with bitcoin it's more like converting your USD into BTC so you can buy black tar heroin and wife hit men off the deep web.
There's nothing inherently evil about investing.
Boy is this thread serious.
I just threw £90 in Bitcoin/LTC a few months ago and having fun seeing what happens with it. Currently it has been in my favor and I've got a tidy £250 profit, but I don't really give a shit if it turns the other way for me in the end because I put in what I could afford to lose.
[QUOTE=OvB;52985070]Bitcoin and stock trading are not at all the same. Stock is a share of ownership in a company/thing and bitcoin is a currency. It's like me converting some of my money to say, euros, and then converting it back to USD once the value of said currencies change in my favor. Or converting your USD into Euros so you can do business in Europe.[/QUOTE]
It's more like a commodity market, than a currency market. Realistically wildly varying prices are not good for cryptocurrency use as a currency, a number of platforms have stopped accepting Bitcoin for this reason.
I have faith in an alt-coin fulfilling Bitcoins original decentralised currency purpose, Bitcoin-cash is a start but there's still a lot of work to be done.
Treat them all as a commodity, like gold.
[QUOTE=BAZ;52985327]It's more like a commodity market, than a currency market. Realistically wildly varying prices are not good for cryptocurrency use as a currency, a number of platforms have stopped accepting Bitcoin for this reason.
I have faith in an alt-coin fulfilling Bitcoins original decentralised currency purpose, Bitcoin-cash is a start but there's still a lot of work to be done.
Treat them all as a commodity, like gold.[/QUOTE]
Yeah that's true I suppose. Though I feel like the original intent was a digital currency even if it's basically just digital gold now
[QUOTE=Harbie;52985036]Why is investing evil?[/QUOTE]
Well, since he's going the anti-capitalist route I'm assuming he's a socialist.
And in socialist terms, some investing is bad because you're purchasing ownership of the means of production. These are mostly stocks, investing in startups, etc..
But making more money isn't theoretically wrong in itself from a socialist perspective, and I wouldn't count bitcoin as a means of production, or as private property.
used to have like 100 bitcoins 8 years or so ago... end me
The Tether / Bitcoin conspiracy shit is spooky as hell, I'm gonna cash out.
People should stop pushing referral links and there hot buys in here, if I want people shilling some shitcoin I'll go join a shoutbox chat
[editline]18th December 2017[/editline]
I only know the basics of the tether stuff but it seems to me there's nowhere near the volume for it to pump bitcoin
some of you dudes are overthinking the buy/sell daytrading scheme way too much. You're never gonna make as much as you could if you keep trying to catch lows and highs than if you just hold on to it. Personally I'm not waiting to see a specific price on BTC to cash out, I'm just waiting until I hit a given balance. The best way to lose money is trying to catch ebbs and flows of market value, if that's your strategy (and you're not well versed with investing already) you may wanna rethink it
[QUOTE=LZTYBRN;52986534]some of you dudes are overthinking the buy/sell daytrading scheme way too much. You're never gonna make as much as you could if you keep trying to catch lows and highs than if you just hold on to it. Personally I'm not waiting to see a specific price on BTC to cash out, I'm just waiting until I hit a given balance. The best way to lose money is trying to catch ebbs and flows of market value, if that's your strategy (and you're not well versed with investing already) you may wanna rethink it[/QUOTE]
yeah you can lmao people literally quit their jobs cus they can make more trading crypto/other securities you just need the skills and discipline to do it.
[editline]19th December 2017[/editline]
FP is just super uneducated on anything relating to financial markets
[QUOTE=LZTYBRN;52986534]some of you dudes are overthinking the buy/sell daytrading scheme way too much. You're never gonna make as much as you could if you keep trying to catch lows and highs than if you just hold on to it. Personally I'm not waiting to see a specific price on BTC to cash out, I'm just waiting until I hit a given balance. The best way to lose money is trying to catch ebbs and flows of market value, if that's your strategy (and you're not well versed with investing already) you may wanna rethink it[/QUOTE]
You have no idea just how easily money flows, if you so much as happen to be throwing your money at the correct things at the correct times. The markets have been crazy green for the last few days. Absolutely insane gains right now on absolutely EVERYTHING. BTC is sidetrading and floating a stable-ish price for now and people have been looking for other trades to make on the side.
Which website would you guys recommend that work better than coinbase? I'm trying to set up an account to buy ether and litecoins, but my ID has been failing for "Reason:Unknown response status:" for days now, and reading the comments on reddit isn't giving me faith in that website.
Also, I'm french, if that helps.
RIP
what the fuck just happened lol
Coinbase added support for BCH. A clusterfuck happened after. Also, bitmain opened up pre-orders for a new batch of miners, they only support BCH.
Is Coinbase giving away Bitcoin Cash? Somehow I have $28 worth of it and I see this in my transaction log:
[IMG]https://i.imgur.com/czwFD1i.png[/IMG]
There was some popup message when I logged in that seemed to reference it but I blew it off and closed it/didn't read.
Why... why Bitcoin Cash, why not Iota?
[QUOTE=Jeezy;52991349]Is Coinbase giving away Bitcoin Cash? Somehow I have $28 worth of it and I see this in my transaction log:
[IMG]https://i.imgur.com/czwFD1i.png[/IMG]
There was some popup message when I logged in that seemed to reference it but I blew it off and closed it/didn't read.[/QUOTE]
If you had some bitcoin before BCH was a thing, you'll have the same amount of BCH compared to how much BTC you had at that time (August 1st)
[editline]19th December 2017[/editline]
[QUOTE=Chaitin;52991356]Why... why Bitcoin Cash, why not Iota?[/QUOTE]
because BCH is a fork of bitcoin, and everyone who had bitcoin before August 1st also has BCH. It was probably added due to people who wanted their BCH.
So glad I bought some BCH last night and offloaded some of my BTC lol
Couldn't resist the urge to buy some Bitcoins when I saw the price had dropped about 10%.
I had sworn off the site but since they're letting me use my credit card again, I suppose I'll give them another chance. Don't worry I'm not spending money I can't easily part with.
Also, does anybody know who this guy is? I've only saw his name a few times a while back when reading about Bitcoin. Is he someone worth listening to? [url]https://youtu.be/DuoE5CXlIdY[/url]
I came across the video in the related section, it caught my eye because he has the same last name as me lol.
Research these coins for holding them during 2018:
PIVX
Ethereum
I have such a fucking boner for ethereum i'm hard while i'm typing this
Basic Attention Token (this one is headed by the guy who created javascript. that should be enough to get your interest). I think this idea is VERY underpriced at like $.25. Easily a $1+ coin imo. And knowing these markets, who's to say it won't go to like $10.
Hold your coins on your wallets. Not exchanges.
Guess what? You might lose a lot of money.
But also guess what. You could literally multiply your money by like 50x or some crazy shit. You can use this insane market to your advantage because the risk to reward ratio, when PROPERLY MANAGED, is pretty much unheard of. Remember this: Most people in this game are getting burned. Do not blindly follow the herd. Make decisions that are well-reasoned. Become familiar with the market. Read about it. BE SMART FAM
[editline]20th December 2017[/editline]
Bitcoin Cash is going live on Coinbase in 8 hours. Here's my thoughts on why I think it's going to jump to potentially $5000.
People who ONLY use coinbase to play around with this stuff (dumb money) see this new coin, which has the word "Bitcoin" in it. That in itself is exciting. What's more exciting is the fact that it's cheap compared Bitcoin.
I can totally see people selling their Bitcoin for Bitcoin Cash because it shares a name, and it's cheaper. ALSO the transaction fees are cheaper.
Tomorrow will be an interesting day.
PIVX looks like a Dash and Monero clone, not sure about that. BAT has an interesting concept, but looks like we missed the initial offering. May have to wait.
Hope Eth keeps steadily increasing
Not sure what to do with my LTC. I feel like the price rose a lot because BTC started having huge tx costs and LTC sort of solved that. But now that BCH is on Coinbase, I feel that it will take over that role...
I believe the general consensus is that LTC is better.
Why? (not with a sceptical tone, I just want to be able to compare their properties and decide for myself).
It also seems like /r/btc (the biggest online BCH community) seems to become more and more isolated. Half the time they are just whining about /r/bitcoin's censorship. I don't know which community is "right". They both seem equally biased.
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