Bitcoin currency of the future?

[Der Eisbär]

Isn't debit the same fee as credit? If you add a checking account it's less fee, but the transaction takes longer which is huge when it's so volatile.

I do credit because it's instantaneous and I also get 2% in rewards, so it's like a 2% fee which in the overall scheme of things, is nothing.

Yeah I just said cards are a 4% fee. I was advising to not use credit cards to pay for it because youre paying a 4% fee on top of interest for the card.

 

[justblaze717]

Litecoin about to hit $200

 

[Luminaire]

-The fact that ltc is one of 3 currencies on the #1 app on google play, coinbase, and is the cheapest of all 3 and offers superior tech to bitcoin. And its up over 100% from last week.
-Not enough
-All of it
-I'm up about 50%
-That's just your opinion. I will sell off before it does, if it does.

"Not enough"

and

"You're "up" 50%"

Which means you've realized $0 profits... and you got in too late.

It's funny, for all your optimism I'm beginning to think I'm more invested here than you are lol.

lol @ "It's up over 100% in the last week" + "I'm up 50%"

Do you have anything concrete here? Any real knowledge of the tech and why it's valuable? If you're 100% in here... then you're long term and you don't care about the day to day price.

Otherwise... you're just going to be another weak hand that gets smashed when the bubble bursts.

 

[KoreanZawmbie]

These cryptocurrencies are all smokes and mirrors.

 

[CerebralKnievel]

Is litecoin about to stabilize at 200? That will make something like five $30 incremental jumps over the past ten days.

I bought and sold my little $900 investment stake twice over the weekend (selling at around 169-171 both times) so I pocketed anout $250, but hot damn, once more litecoin completely blows away my expectations. At this rate it will be sitting at over 500 by new years.

 

[meauneau]

Is it too late for me to jump on the train? Will prices drop as they have been doing in the past or this is it?

 

[Der Eisbär]

"Not enough"

and

"You're "up" 50%"

Which means you've realized $0 profits... and you got in too late.

It's funny, for all your optimism I'm beginning to think I'm more invested here than you are lol.

lol @ "It's up over 100% in the last week" + "I'm up 50%"

Do you have anything concrete here? Any real knowledge of the tech and why it's valuable? If you're 100% in here... then you're long term and you don't care about the day to day price.

Otherwise... you're just going to be another weak hand that gets smashed when the bubble bursts.

Would you stop being a fucking douche bag and just talk like a normal person?

Not enough, as in, I don't have as much money in as I would like to.

My portfolio is up 50% and I just sold everything. Which means I have 50% more dollars than I started with. Currently waiting for litecoin to come back down before I buy again.

Yes, I have real knowledge of the tech. It's called blockchain. It's data thats decentralized by being distributed to every computer on the network. When a transaction happens, the entire blockchain has to verify it. It's the opposite of a centralized data server and it will not only change finance and currency but the entire way the internet operates.

 

[Der Eisbär]

Is it too late for me to jump on the train? Will prices drop as they have been doing in the past or this is it?

You can expect drops and fluctuations of 20% or more in a single day. Look at the long term charts, its up exponentially and there's no reason to believe it won't continue especially with all the media hype. Get in before litecoin goes to 1000$ and beyond.

 

[rj144]

Yeah I just said cards are a 4% fee. I was advising to not use credit cards to pay for it because youre paying a 4% fee on top of interest for the card.

But you said to use debit... it's the same fee.

Edit: You did say cards. My bad. But, if you get credit card reward points, it's better. Always pay off your credit every month and no interest.

 

[Der Eisbär]

But you said to use debit... it's the same fee.

I said to use debit so you don't pay credit card interest......... I know it's the same fee, I didn't tell him otherwise. Look at the original post, I said cards are 4%, not that credit cards are 4% and debit cards arent.

 

[rj144]

"Not enough"

and

"You're "up" 50%"

Which means you've realized $0 profits... and you got in too late.

It's funny, for all your optimism I'm beginning to think I'm more invested here than you are lol.

lol @ "It's up over 100% in the last week" + "I'm up 50%"

Do you have anything concrete here? Any real knowledge of the tech and why it's valuable? If you're 100% in here... then you're long term and you don't care about the day to day price.

Otherwise... you're just going to be another weak hand that gets smashed when the bubble bursts.

I'm about to triple my money. Around that time, I am going to liquidate what I put in and extract something like 25 to 50% profit and then ride the rest. At that point, it's not really my money.

IF it crashes at some point, I'll sell the rest while it's crashing, but I'm then buying back in with the profits off that sell when it bottoms. I think long term it will be fine.

 

[ToxicShocker]

The concept of a blockchain is not a patented protected technology. It can be copied by anyone who wants to use it for free. Dont confuse the "technology" as an asset that contributes to the book value of a bitcoin.

 

[rj144]

The concept of a blockchain is not a patented protected technology. It can be copied by anyone who wants to use it for free. Dont confuse the "technology" as an asset that contributes to the book value of a bitcoin.

Of course it's not patented. That's why there is like 1000 cryptocurrencies. The ones that are established and have good software will survive.

In that sense, it is somewhat similar to the dot com bubble. You had 100's of company making search engines, websites, etc... Most sucked, so the bubble burst. But, you still have companies like Google around which are huge.

 

[ToxicShocker]

If you want to compare it to google, What is bitcoins business plan? How does bitcoin make money?

 

[rj144]

Coinbase really needs to get their shit together. When the currencies go crazy their site crashes.

I'm getting a hardware wallet soon and going to a different exchange soon as well.

 

[Der Eisbär]

Of course it's not patented. That's why there is like 1000 cryptocurrencies. The ones that are established and have good software will survive.

In that sense, it is somewhat similar to the dot com bubble. You had 100's of company making search engines, websites, etc... Most sucked, so the bubble burst. But, you still have companies like Google around which are huge.

I hope ethereum gets its shit together. Im a huge believer in their tech and cant wait to see what they do.

 

[Der Eisbär]

Coinbase really needs to get there shit together. When the currencies go crazy there site crashes.

I'm getting a hardware wallet soon and going to a different exchange soon as well.

What exchange you gonna go to? Dabbled with binance, got raped in bitcoin fees.

 

[Der Eisbär]

If you want to compare it to google, What is bitcoins business plan? How does bitcoin make money?

The developers behind bitcoin are working on implementing what they call the "lightning network" to make it faster and more efficient.

 

[rj144]

What exchange you gonna go to? Dabbled with binance, got raped in bitcoin fees.

I have to look into it. Probably one of the nearly free ones where you pay a small exchange fee. A lot are shady, so I have to do my research first.

 

[ToxicShocker]

You didnt answer my question