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Economy Bitcoin/Crypto is imploding

Koya said:
It will have a very high breakthrough soon. It will go to the moon. Exploding all records. The market is just washing the sentiment away before the big explosion in price. Remember I've predicted it when everyone else said it's over.



That or it's really over and the whole market is going to zero. What do I know.
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Horiguchi has a better chance of American success than everything you just said.
 
IndyCovaHart said:
Horiguchi has a better chance of American success than everything you just said.
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I'm pretty sure he will win his next fight.

Or maybe lose it.

In any case at least in that case I have one certainty which is I'll forever root for Kyoji. Wait it's the same for bitcoin. Unexpected parallel lol.
 
Rob Battisti said:
1. You don’t think a digital version of gold is valuable? How can you send gold to your friends? Gems? That’s a pretty weak argument. Government can also come and take your gold. They can’t crack your private keys.

2. Wise is 10-50x more expensive. They also are subject to your account being frozen. Is this not beneficial?

3. Disagree.

It’s okay if you don’t like crypto but I laid out the intrinsic values pretty plainly.
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Basically I dont think the juice is worth the squeeze intrinsically with Bitcoin and other crypto
 
UFCUCF said:
Yes, except Bitcoin has lost 1/3 of its value while gold has gained 1/3 of its value in the last little bit.
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Bitcoin dumped from 70k to 20k and people were shitting on it far more than now. Then it went to 120k. A fair size pullback was needed and expected.
 
Rob Battisti said:
They’re the ones charging the fees
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BlankaPresident

"Nope, nope, yep."


ACH bank to bank transfers are often free. FedNow, the digital transfer system between banks setup under Biden does instantaneous transfers for $0.04 a transfer. There really is no point to want to use Bitcoin for regular business transfers as it slower, more expensive, and offers no fraud protection. Nothing about any of it makes any sense to use it as a currency when you actually dig into it and look at the other options. Just basic credit card payments with their 2.5% fee often are cheaper than bitcoin transfers.
 
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Prefect said:
ACH bank to bank transfers are often free. FedNow, the digital transfer system between banks setup under Biden does instantaneous transfers for $0.04 a transfer.
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International transfers? Good, I didn't know that.

Prefect said:
There really is no point to want to use Bitcoin for regular business transfers as it slower, more expensive, and offers no fraud protection. Nothing about any of it makes any sense to use it as a currency when you actually dig into it and look at the other options.
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Bitcoin is trash and outdated tech for transfers but other chains are really good, fast and cheap.
 
Poors saying BTC dead while big dawgs like myself chillin and buyin :cool:
 
Prefect said:
BlankaPresident

"Nope, nope, yep."


ACH bank to bank transfers are often free. FedNow, the digital transfer system between banks setup under Biden does instantaneous transfers for $0.04 a transfer. There really is no point to want to use Bitcoin for regular business transfers as it slower, more expensive, and offers no fraud protection. Nothing about any of it makes any sense to use it as a currency when you actually dig into it and look at the other options. Just basic credit card payments with their 2.5% fee often are cheaper than bitcoin transfers.
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Do you ever get tired of being wrong?

Global remittance fees were nearly 60 billion last year.
 
I don’t even know why I engage with such a stupid ignorant person.

Sending over the Solana network? Essentially free.

Sending over Algorand network? Essentially free.

Bitcoin Lightning network? Essentially free.

99% cost savings.

Near instant finality.
 
Rob Battisti said:
Do you ever get tired of being wrong?

Global remittance fees were nearly 60 billion last year.
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Yes, because the volume far exceeds anything done with crypto. I don't even understand why that has to be mentioned. The fees are buying you other things like fraud protection, disputing transaction, customer assistance, and the ability to do reversals. Crypto offers none of these, which would and should scare away businesses. Just basing it on transaction fees ,which is often more with crypto, is an apples to oranges comparison. Crypto transactions are often more expensive and provide no banking services at the same time.
 
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Prefect said:
Yes, because the volume far exceeds anything done with crypto. I don't even understand why that has to be mentioned nor would crypto fees be less.
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The fact that you understand jackshit about what you’re talking about is comical.

You don’t understand how crypto fees would be less? I can see that. Mostly because you don’t even have a basic understanding of the space.
 
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