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Bitcoin currency of the future?

I saw on CNBC a few companies that previously had nothing to do with Bitcoin announced their business is now doing such and such with Bitcoin and their stock prices skyrocketed. This is going to get ugly.
 
GSP_37 said:
I saw on CNBC a few companies that previously had nothing to do with Bitcoin announced their business is now doing such and such with Bitcoin and their stock prices skyrocketed. This is going to get ugly.
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Was it Bitcoin or Blockchain?
 
SwamiLeoni said:
Was it Bitcoin or Blockchain?
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I forget but it was some crazy piddly shit that was barely related to coins. I think one CEO had a heated discussion with CNBC Melissa Lee about his stock price suddenly skyrocketing. Google it yourself.
 
Luminaire said:
This is an interesting thing to do in lieu of the volatility, there's still substantial risk but I'd say you're more likely to realize your 17% gain in the short term than lose it all.

Of Course, another way to look at it is risking $1k to make $170 dollars.

Looks like DASH and ZCash getting a substantial pump, likely due to speculation they'll be next to benefit from the Coinbase surge.
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I am risking it as you said, but 17% on a 1-2 day investment is pretty solid - the menial investment notwithstanding. ;D
 
And now another Korean crypto trader got hacked and they lost millions, will declare themselves bankrupt, and only pay 75% to their victims...I mean, holders, associates.

I'm interested in knowing of any cases where someone who has actual capital (I mean businesses in the order of millions) is putting any significant part of their money into crypto.
I have to say I would never invest in the current state of crypto. I have a hundred reasons, but I'll summarize as: I'd rather invest in almost any other form of capital over an unregulated casino where nobody works, everyone wins, it is almost impossible to cash out and there is no one who will answer in case of things going to hell.

In general terms, investing on premium ships World of Warships or tanks in World of Tanks seems more of a responsible way of spending money.
 
Der Eisbär said:
Let's accurately convey information here.

There is no co-founder of bitcoin. That's the co-founder of a website, bitcoin.com.

To answer your question, no, the co-founder of a website selling his few bitcoin isn't going to crash anything.
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Sorry, had my heads in the clouds and completely mis-read that. Quite silly of me as I know that its not public knowledge to who the founder actually is, although rumours are it's Nakamoto. Either way it ended up being a good trade after Bitcoin cash went on Coinbase.

I'm defetely going to restore my Bitcoin with the current dip.
 
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Damn:

Bitcoin was just $15,500
Litecoin $300
Ethereum $775
Bitcoin Cash $2945

If I didn't have my money already tied up in coins I could've made some good short gains on those dips and just sold when they shoot back up.
 
Gabicho said:
And now another Korean crypto trader got hacked and they lost millions, will declare themselves bankrupt, and only pay 75% to their victims...I mean, holders, associates.

I'm interested in knowing of any cases where someone who has actual capital (I mean businesses in the order of millions) is putting any significant part of their money into crypto.
I have to say I would never invest in the current state of crypto. I have a hundred reasons, but I'll summarize as: I'd rather invest in almost any other form of capital over an unregulated casino where nobody works, everyone wins, it is almost impossible to cash out and there is no one who will answer in case of things going to hell.

In general terms, investing on premium ships World of Warships or tanks in World of Tanks seems more of a responsible way of spending money.
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I had absolutely zero issue "cashing out" and not just selling on the exchange, but selling and then moving it back to my bank. Seriously, it took like 1 day to be in my account... that felt good.
 
Tamriel Terror said:
Damn:

Bitcoin was just $15,500
Litecoin $300
Ethereum $775
Bitcoin Cash $2945

If I didn't have my money already tied up in coins I could've made some good short gains on those dips and just sold when they shoot back up.
Click to expand...

Please tell me you realize that this is nothing more than perceived value... and that the PRICES you listed above may be both a relative deal and horribly inflated all at once.

They are all up 1000+% on the year... a large pull back is definitely possible.
 
rj144 said:
Cuban is kind of an idiot at times though. The dude got filthy rich off a bubble and now he's warning people against a bubble. He then diversified his assets and if what you said is true, he's telling people that's not wise. If that's not the definition of hypocritical, I don't know what is.
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Iirc his wealth, despite being over $1bn, has increased very modestly if not outright stagnant. It's really funny the parallels with how he made his money and how people in crypto have made theirs- quick and aimless with a bit of luck. Yet Cuban can't help but sound like an idiot whenever he shits on crypto investments.
 
What’s the best wallet to have? Is there any that is used for all coins? Or close to all coins? Sorry for the noob question
 
I'm glad I didn't invest in any of this now. I regret not having bought bitcoin a few years ago. Right now they all seem like penny stocks and the only way to make big money from them is to invest a few million and sell when it jumps. Repeat. And have someone can that buy/sell for you in an instant. Not have to wait for coin base. Not sure how the average Joe can make any money from this investing just a few hundred or even a few thousand.
 
CauseImbetta said:
  • No Risk of “Charge-backs”
Once Bitcoins are sent, the transaction cannot be reversed. Since the ownership address of Bitcoins will be changed to the new owner, once it is changed, it is impossible to revert. Since only the new owner has the associated private key, only he/she can change ownership of the coins. This ensures that there is no risk involved when receiving Bitcoins.
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This part makes it really bad if you are a consumer.

Good for sellers who sell fake, low quality, or unsafe products.
Good for collecting ransoms.
 
206crazy said:
What’s the best wallet to have? Is there any that is used for all coins? Or close to all coins? Sorry for the noob question
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I have a Ledger Nano S and it works for ERC20 coins BTC & LTC

Grassshoppa said:
I'm glad I didn't invest in any of this now. I regret not having bought bitcoin a few years ago. Right now they all seem like penny stocks and the only way to make big money from them is to invest a few million and sell when it jumps. Repeat. And have someone can that buy/sell for you in an instant. Not have to wait for coin base. Not sure how the average Joe can make any money from this investing just a few hundred or even a few thousand.
Click to expand...

The average joe investing a couple thousand can make quite a bit of money as long as you hold and don't try to get fancy. You can make a decent amount investing $1k or less. Not sure where you're getting your info from.
 
SwamiLeoni said:
I have a Ledger Nano S and it works for ERC20 coins BTC & LTC



The average joe investing a couple thousand can make quite a bit of money as long as you hold and don't try to get fancy. You can make a decent amount investing $1k or less. Not sure where you're getting your info from.
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From the bitcoin calculator: https://bitgiftshop.com/bitcoin-investments-calculator/

If you invested $1,000 today and it went to $20,000 you'd only make $300.
 
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