9 Nines Posted May 21, 2021 Report Share Posted May 21, 2021 (edited) 2 hours ago, NashvilleNinja said: Why not? I've got my budget, but I use Cash App for various purchases. If I buy something that costs $3.78 and I've got around $5 on the card why not put the remaining dollar and change into BTC, like a DIY acorns for crypto? So you paid 3% to get a immaterial fraction of something worth $40K at the time, that is now worth a immaterial fraction of 38,752.85-2,793.5781 (-6.724%), which means your transaction fee was really 6%+. Why not use a credit card? I get over 5% back, as in gain not cost, on online purchases on mine. Edited May 21, 2021 by 9 Nines abenjami 1 Link to post Share on other sites More sharing options...
9 Nines Posted May 21, 2021 Report Share Posted May 21, 2021 I feel bad for the bitcoin people, so I think we should not highlight their plight anymore. OILERMAN 1 Link to post Share on other sites More sharing options...
Supdawg Posted May 21, 2021 Report Share Posted May 21, 2021 5 minutes ago, 9 Nines said: I feel bad for the bitcoin people, so I think we should not highlight their plight anymore. I feel bad for the people who aren't on the ground floor of a new world order. Jamalisms 1 Link to post Share on other sites More sharing options...
titanruss Posted May 21, 2021 Report Share Posted May 21, 2021 2 hours ago, 9 Nines said: So you paid 3% to get a immaterial fraction of something worth $40K at the time, that is now worth a immaterial fraction of 38,752.85-2,793.5781 (-6.724%), which means your transaction fee was really 6%+. Why not use a credit card? I get over 5% back, as in gain not cost, on online purchases on mine. That's not very good math on the 6% there... Link to post Share on other sites More sharing options...
9 Nines Posted May 21, 2021 Report Share Posted May 21, 2021 3 hours ago, titanruss said: That's not very good math on the 6% there... He paid a 3% fee. His buy price was 40,000. Price when I wrote that was 38,752. 40K to 38.752K is a 1 - 38.752/40 = 3.12% loss. 3% + 3.12% is 6+% pat 1 Link to post Share on other sites More sharing options...
BobbyCoins Posted May 21, 2021 Report Share Posted May 21, 2021 (edited) 7 hours ago, 9 Nines said: So you paid 3% to get a immaterial fraction of something worth $40K at the time, that is now worth a immaterial fraction of 38,752.85-2,793.5781 (-6.724%), which means your transaction fee was really 6%+. Why not use a credit card? I get over 5% back, as in gain not cost, on online purchases on mine. I didn't think about the cash back function by using credit cards. I don't like using credit cards but that's something to think about. Maybe not on Cash App, idk. Anyway, you ever heard the expression "keep stacking sats"? Well if Bitcoin is a long-term investment that is going up in value... LONG-TERM... then why should I care if it dips up or down in a day or so? What else am I going to spend that dollar on anyway? A can of Coke Zero Vanilla? Fuck that... that's why God invented 3 for $11 deals at Kroger. Besides, when Bitcoin was around 58k that same $1 bought under 2000 sats. If/when it goes back up to 58k and above those extra sats will... stack up. With Acorns, which I don't use, you make purchases and it rounds up to the nearest dollar to put into savings. This is somewhat the same principle. Only I'm putting the "acorns" into a deflationary asset that has been going up in value since its creation. I don't buy Satoshis to get them at their absolute floor... I would have had to buy them in 2010 or 2011 for that to be the case. The reason I even posted that though, which apparently only Supdawg understood, was the random as hell timing of it hitting right on 40,000.00 even. I wasn't trying to do that and I don't think I could have if had been trying. And it gave me a good opportunity to post the Shaqer Oats meme with laser eyes. Cuz, and I don't know if you are aware of this, I often tend to post retarded things around here to get a chuckle out of people and add a pinch of levity into the stew. I mean, look at my god damn avatar. If that shit doesn't make you laugh then I don't even want to know you. Edited May 21, 2021 by NashvilleNinja Link to post Share on other sites More sharing options...
OILERMAN Posted May 21, 2021 Report Share Posted May 21, 2021 Cryptocurrencies, as we know them today, have no future. Crypto advocates are just too stubborn or greedy to acknowledge their demise. Certainly, digital currencies have potential, but BitCoin and it's breathren are already on the way out. Supdawg 1 Link to post Share on other sites More sharing options...
BobbyCoins Posted May 22, 2021 Report Share Posted May 22, 2021 1 hour ago, OILERMAN said: Cryptocurrencies, as we know them today, have no future. Crypto advocates are just too stubborn or greedy to acknowledge their demise. Certainly, digital currencies have potential, but BitCoin and it's breathren are already on the way out. Link to post Share on other sites More sharing options...
BobbyCoins Posted May 22, 2021 Report Share Posted May 22, 2021 Whew... https://bitcoinmagazine.com/markets/the-conclusion-of-the-long-term-debt-cycle-and-the-rise-of-bitcoin Link to post Share on other sites More sharing options...
BobbyCoins Posted May 22, 2021 Report Share Posted May 22, 2021 This is long and at times technical, but this is Hoskinson on the difference between Pow and PoS. Link to post Share on other sites More sharing options...
9 Nines Posted May 22, 2021 Report Share Posted May 22, 2021 (edited) 1 hour ago, NashvilleNinja said: Whew... https://bitcoinmagazine.com/markets/the-conclusion-of-the-long-term-debt-cycle-and-the-rise-of-bitcoin Author: Dylan LeClair is a 20 year old with a passion for Bitcoin Edited May 22, 2021 by 9 Nines OILERMAN 1 Link to post Share on other sites More sharing options...
titanruss Posted May 22, 2021 Report Share Posted May 22, 2021 14 hours ago, 9 Nines said: He paid a 3% fee. His buy price was 40,000. Price when I wrote that was 38,752. 40K to 38.752K is a 1 - 38.752/40 = 3.12% loss. 3% + 3.12% is 6+% okay.... thats still fucked up math. That's not how it works. the fee is the fee. The price changes every second. Just like any other market.. and you don't judge your stock buy price (or made up fees) based on the price after the fact. he is paying higher fees than ideal but passive investing has a pretty solid history of production in most major markets. .. so it evens out rather than trying to save for a dip or spending instead Link to post Share on other sites More sharing options...
BobbyCoins Posted May 22, 2021 Report Share Posted May 22, 2021 Number9, and pat 1 1 Link to post Share on other sites More sharing options...
9 Nines Posted May 22, 2021 Report Share Posted May 22, 2021 (edited) What I do not see discussed, but is pretty apparent if you think about it: the bitcoin craze and the Trump era are both sides to the same coin. First, they are both led by similar type people. False prophets whom many people wrongly attach self-success to what was really just luck. Trump is a buffoon who got to where he is by ultimate luck, his family, and attention grabbing actions. The other two, also egotistical attention grabbers, were simply in the right places at the right times. You likely would never have heard of Saylor nor Musk, had a few large companies not overpaid for consulting that pretty much any computer or mathematics oriented Summer interns would be doing shortly afterwards - modeling market variables, or if a large computer company had not thrown away $100+ million, during the dot.com frenzy, on a database of zip codes and tourist attractions. Now, everyone thinks their brilliant because they are rich (note, I suspect both ruin their main companies over bitcoin.) Second, the people involved in both trends are antiestablishment types who want change simply because they are angry and/or feel disenfranchised, and who love conspiracies to explain stuff. Third, both bases seek mainly to only confirmation in their views - both bases eagerly dismiss contrary facts. Edited May 22, 2021 by 9 Nines Number9, and OILERMAN 2 Link to post Share on other sites More sharing options...
titanruss Posted May 22, 2021 Report Share Posted May 22, 2021 4 hours ago, 9 Nines said: What I do not see discussed, but is pretty apparent if you think about it: the bitcoin craze and the Trump era are both sides to the same coin. First, they are both led by similar type people. False prophets whom many people wrongly attach self-success to what was really just luck. Trump is a buffoon who got to where he is by ultimate luck, his family, and attention grabbing actions. The other two, also egotistical attention grabbers, were simply in the right places at the right times. You likely would never have heard of Saylor nor Musk, had a few large companies not overpaid for consulting that pretty much any computer or mathematics oriented Summer interns would be doing shortly afterwards - modeling market variables, or if a large computer company had not thrown away $100+ million, during the dot.com frenzy, on a database of zip codes and tourist attractions. Now, everyone thinks their brilliant because they are rich (note, I suspect both ruin their main companies over bitcoin.) Second, the people involved in both trends are antiestablishment types who want change simply because they are angry and/or feel disenfranchised, and who love conspiracies to explain stuff. Third, both bases seek mainly to only confirmation in their views - both bases eagerly dismiss contrary facts. nah Link to post Share on other sites More sharing options...
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