Bitcoin currency of the future?

Der Eisbär said:
So fucking what? You failed to mention that I provided an article from japan times verifying my claim that its already accepted at 4500+ retailers.

If you want news from the UFC, is UFC.com not an acceptable source? Like what?
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No. If I want UFC news, I go to an independent source, without an agenda.
 
Tamriel Terror said:
I'm kinda annoyed af right now. I was going to buy 1k worth of ripple a few days ago when it was at $0.28. Now its over $.80, but ripple is a pain in the ass to buy and coinbase has no way to get it and Changelly apparently is messed up, so I missed out on a huge gain. fml.
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Yea, you never had a chance, you were too late.

You'd have to get fully verified anyway, which takes upwards of a week. So don't beat yourself up.
 
https://www.forbes.com/sites/sindhu...-shoulder-from-the-central-bank/#440cf54d28cd
Nearly 260,000 retailers, hotels, airlines and department stores in Japan are expected to accept bitcoin payments through PoS app AirRegi.
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Stop being an idiot.

You're 0 and 2 here -
"pffft 4500 retailers in japan dont accept bitcoin"
given proof you're wrong, don't concede the point
"pfft 260,000 retailers coming soon? bullshittt"
given proof you're wrong, don't concede the point

i know this news makes you made
 
Luminaire said:
You have some self educating to do.

Bitcoin is plenty viable as a currency, it's used that way already, especially in places where other forms of currency either aren't as efficient or if you can believe it, aren't as stable.

In the long run, Bitcoin is viable as a currency and, there is SOME credibility to being bullish on it in the long run. Essentially if Bitcoin even approaches the market value of Gold then this will be a great investment, long term.

The problem as I see it currently is that these are all being treated as speculative investments, and the acceleration and hype behind them signals a classic bubble. That doesn't even mean these prices will never be seen again. (Real Estate prices today are about the same as they were in 2007/08) but I fully expect a crash because the people investing in it are uneducated and just looking for the next quick money scheme... when it starts to go south, Panic selling will follow and once everyone has been sufficiently scared to holy hell, there may actually be a buying opportunity for any of these Cryptos that have long term value.

Of course when that happens, Plumber Joe will have lost some money and be terrified of buying back in.
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You vastly overestimate it’s use as a currency. There is a lot of disinformation. Americans think the rest of the world has to rely on Monopoly money and taxi drivers in Europe will accept bitcoin since our currency is supposed to be shit. This is simply false.
 
Der Eisbär said:
lol @ comparing collectible stuffed animals to a new evolution in technology.

what's next, comparing your old pokemon card collection to investing early in computer companies like microsoft and apple?

If you would actually spend some time researching the tech underlying some of these coins you wouldn't be saying stupid shit like this.
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whybdont you invest?
 
Der Eisbär said:
Yeah, same here. A lot of these alt-coins are hard to get a hold of as the small handful of safe and secure exchanges are totally overloaded. Ripple sells on kraken, which is owned by the winklevoss twins and claims to be the most regulated US exchange. No debit/credit purchases, only bank transfer. Just like coinbase they're also overloaded and the website has problems.

My advice - Set up on binance, send some ether from coinbase to binance and do your trading on there. It's going to be faster and less of a pain in the ass than kraken.
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Kraken is not owned by the WinkleVi... they started Gemini.

The authentication process on these exchanges is unusual and tedious. Also if you're not fully verified you might be able to buy but you might not be able to withdraw. Seriously, just be careful.
 
Luminaire said:
Kraken is not owned by the WinkleVi... they started Gemini.

The authentication process on these exchanges is unusual and tedious. Also if you're not fully verified you might be able to buy but you might not be able to withdraw. Seriously, just be careful.
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Ah, I got mixed up then.
 
ChucksGlassJaw said:
You realize this is all speculative, right?

You're way too emotionally invested in this, dude.
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What is speculative? The value of bitcoin, or the # of retailers in japan accepting it? Why are you changing the goal post when I just proved that bitcoin payment is gaining widespread acceptance in a major country? That's what we were talking about. I provided the numbers, and then you change what we're talking about here.
 
Supereem said:
You vastly overestimate it’s use as a currency. There is a lot of disinformation. Americans think the rest of the world has to rely on Monopoly money and taxi drivers in Europe will accept bitcoin since our currency is supposed to be shit. This is simply false.
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I don't believe I'm vastly overestimating anything.

There are countries where bitcoin is more stable than the local currency, far more so. Ask a Venezuelan if they'd rather have an equal value of Bitcoin or Bolivar today. An Argentinian?

I was countering someones statement that it's not viable as currency... it IS viable, and already used that way.

At the same time, I'm acknowledging the likelihood of it being in a bubble and being unsure of what the short term future holds. But Bitcoin is not crashing to zero, and if it does it's because a better Crypto came along and took its place.
 
JonesBones said:
Good post. The market is a lot of psychology, that is what got me into it. I like to figure people out. The market is like this huge worldwide game of chess --though less sophisticated. You try figure out other people. What they are thinking. What they are feeling.

I agree with the demographic too. Same kind of people who believe in conspiracy theorists. Idiots who think they are smarter than everyone else. lol. Like there is some royal road to riches. I have had people who never invested before asking about it. I have seen parents have their teenagers open accounts on Coinbase.

You know who is the only one making real money here? Like money that has landed, not pixie dust in the system, is the exhanges/brokers. Fees. Fees are real money. Bitcoin aint. lol.

COMMISSION MOTHERFUCKER Keep them on that ride. Don't let them get off. Because then it would be real.


Mark Hanna: Nobody knows if a stock is going to go up, down, sideways or in circles. You know what a fugazi is?"

Jordan Belfort: *Fugayzi*, it's a fake.

Mark Hanna: *Fugayzi*, fugazi. It's a whazy. It's a woozie. It's fairy dust. it doesn't exist. It's never landed. It is no matter. It's not on the elemental chart. It's not fucking real.


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Yeah it is funny that someone who has never invested in their life or studied business is lecturing you about the economics of supply and demand. Reminds me of people who invested in stocks during the 1920s or the Dotcom bubble.
 
Luminaire said:
I don't believe I'm vastly overestimating anything.

There are countries where bitcoin is more stable than the local currency, far more so. Ask a Venezuelan if they'd rather have an equal value of Bitcoin or Bolivar today. An Argentinian?

I was countering someones statement that it's not viable as currency... it IS viable, and already used that way.

At the same time, I'm acknowledging the likelihood of it being in a bubble and being unsure of what the short term future holds. But Bitcoin is not crashing to zero, and if it does it's because a better Crypto came along and took its place.
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Too true good sir.
 
Der Eisbär said:
Ah, I got mixed up then.
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You're too excited lol, you just need to pull back a little.

Like I've said several times in this thread, I'd be concerned about you if you actually had any real money in this.

Why I originally posted here was to add some balance to your hype, so that some schmuck that actually has some cash doesn't get crushed on misinformation and confidence.
 
Der Eisbär said:
What is speculative? The value of bitcoin, or the # of retailers in japan accepting it? Why are you changing the goal post when I just proved that bitcoin payment is gaining widespread acceptance in a major country? That's what we were talking about. I provided the numbers, and then you change what we're talking about here.
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The link you provided gives a speculative estimate of the amount of retailers that will accept Bitcoin, not an actual number of retailers. So again, is it a commodity or a currency?
 
Luminaire said:
You're too excited lol, you just need to pull back a little.

Like I've said several times in this thread, I'd be concerned about you if you actually had any real money in this.

Why I originally posted here was to add some balance to your hype, so that some schmuck that actually has some cash doesn't get crushed on misinformation and confidence.
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I'm hyped about the tech. Not really bitcoins tech. Although it was the first and provided proof of concept for block-chain. But at the end of the day, it's a decentralized ledger.

Technologies like ethereum, iota, and power ledger are super exciting. That's what I'm hyped about. I'm excited to see the change they bring to the world in the coming years.
 
ChucksGlassJaw said:
The link you provided gives a speculative estimate of the amount of retailers that will accept Bitcoin, not an actual number of retailers. So again, is it a commodity or a currency?
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No, it's not speculative. 260,000 retailers use that PoS system. That same PoS will be updated to accept bitcoin, meaning those existing users will now accept bitcoin.
 
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